Melbourne, Australia-based telecom major Telstra is setting up a captive offshore center within India’s information technology consulting company, Infosys, Telstra’s largest technology vendor in the country. Pareekh Jain, research vice-president (engineering services) at Massachusetts-based HfS Research says, “We cannot call this a trend yet, but we’re observing that many companies are getting or planning to get their work back in-house.”
Global in-house centers, or captives, operate in India across all service lines — IT services, BPM, engineering services, and product development. The country has about 1,050 captives which contribute 22% of India’s $108-billion software and business process management exports, while employing 790,000 professionals. ‘These are playing a diversified role for global enterprises and are viewed as cost centers, centers of excellence, program management offices and an innovation hotbed for emerging markets,” industry body NASSCOM said.
Analysts say that global firms are struggling in their shift to adapt newer technologies and business models and look at working on smaller models in closed units before they implement across organizations, reports Business Standard.
Jain added, “Customers are facing tremendous disruption in their core industries with the new-age companies and would like to have some technology capability in-house, especially in newer areas such as digital, which can help them navigate digital disruption. India is becoming a hotspot for talent in newer technologies for the same reason the country was popular for traditional IT services.”
December 26, 2016 No Comments
Microsoft India, and the L. V. Prasad Eye Institute, a not-for-profit comprehensive eye care institution in Hyderabad, India, have launched the Microsoft Intelligent Network for Eyecare (MINE), a machine learning network that will help doctors in India fight eye disease and reduce the risk of avoidable blindness.
Silicon ANGLE reports that Microsoft’s new AI network combines eye care data and research from a consortium of eye health institutes from around the world, including Bascom Palmer at the University of Miami, Flaum Eye Institute at the University of Rochester, the Federal University of Sao Paulo and the Brien Holden Vision Institute, Australia. Some of this data includes information specific to eye health in children, such as the rate of change of myopia in children and the conditions that impact children’s eyesight. Microsoft also hopes that MINE will be able to generate predictive models for eye surgery, allowing doctors to personalize treatment for each patient to maximize the chance for success.
Globally, 285 million people are visually impaired; 55 million of them live in India. “At L.V. Prasad Eye Institute, we have been using Microsoft Azure Machine Learning and Power BI to drive clinical interventions and improve patient outcomes,” said Dr. G.N.Rao, the eye institute’s founder-chair.
December 20, 2016 No Comments
InterActiveCorp, New York-based Tinder is launching a new feature, Tinder Social, that allows groups of friends to discover each other and meet up. The company chief told the BBC that this move marked the “first step that we’re taking to make Tinder more social and a little broader when it comes to the types of connections we want to enable”.
To use it, users must first:
- opt in to the feature within the existing app
- select who they are going out with from members that have signed up to the service
- say where they are going
- say what they plan to do
The next day, the group chat expires, and individual members need to like each other to stay in contact, assuming they have not already swapped other contact details, reports BBC.
Tinder Social is now being rolled out in the U.K., U.S., Canada, Australia, New Zealand and India.
July 25, 2016 No Comments
Last year, the United Nations proclaimed June 21 as International Day of Yoga, and many countries marked this day performing yoga exercises, report both NBC News and the BBC.
On June 20, at Times Square, New York City, traffic came to a standstill as people practiced for a yoga session during the summer solstice on Monday. In the Philippines, Australia, Malaysia, China, Belarus and India, young students and adults practiced yoga breathing exercises and yoga poses to mark the International Day of Yoga.
Venues were as varied as the Sydney Harbor Bridge, the Sydney Opera House, Gorky Park in Minsk, schools, parade grounds, parks, a glass sightseeing platform on the outskirts of Beijing, and even a swimming pool!
June 22, 2016 No Comments
In their first bilateral meeting during the G-20 Summit in Antalya, Turkey in November, Prime Minister Malcolm Turnbull of Australia and Prime Minister Modi of India announced the completion of procedures, including administrative agreements, for the Australia India Civil Nuclear Agreement. The agreement has opened the door for Australian uranium to be exported and be used to fuel India’s nuclear power plants. The Minerals Council of Australia’s Uranium Forum welcomed the finalization of the Australia India Nuclear Cooperation Agreement, and said it looked forward to building relationships with customers and stakeholders in India.
The announcement is timely as it comes days after the release of the International Energy Agency‘s latest World Energy Outlook 2015 detailing the IEA’s projections on nuclear energy growth in India. According to the IEA’s base case, nuclear power generation in India is expected to grow by almost 700% from 2013 to 2040. It sees the share of electricity production generated by nuclear power in India growing by on average almost 8 percent annually.
The IEA’s report says “India has a strong commitment to develop additional nuclear power as a way to meet its rising energy needs and enhance its energy security on a low-carbon basis…..It also has a longer term target for nuclear power to supply 25 per cent of the nation’s electricity by 2050.”
December 1, 2015 No Comments