In a significant development, the Competition Commission of India (CCI) has exonerated the Independent Sugar Corporation (INSCO), a member of the Africa-based Madhwani Group, in the case concerning its acquisition of Hindustan National Glass Limited (HNGIL), as reported. by dnaindia.com. This decision comes as a considerable relief to INSCO, affirming its eligibility for the green channel approval for the proposed takeover. The scrutiny by the CCI was initiated upon receiving a complaint from AGI Greenpac, challenging INSCO’s qualification due to alleged existing business interests in India.
Category: Technology
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Elon Musk: First Neuralink Patient Can Control Computer Mouse Through Thinking
Neuralink, valued at approximately $5 billion last year has come under scrutiny for its safety protocols.
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Kolkata Resident Falls Victim To Online Investment Fraud And Loses Rs 20 Lakh; Read Full Story |
New Delhi: Online investment scams have been on the rise recently, posing a growing risk to individuals looking to invest their money online. These scams, known for their deceptive tactics and false promises of high returns have become increasingly common. As more people turn to the internet for investment opportunities, scammers have adapted their methods making it harder for unsuspecting investors to detect fraudulent schemes.
In a recent event, Sandeep Sarkar from Kolkata was victimized by an online stock trading scheme which resulted in a staggering loss of Rs 20 lakh. Initially unaware of the potential financial harm, he joined an online community offering advice for enhancing his online trading activities. However, he soon realized the substantial financial setback, as reported by The Indian Express report. (Also Read: Beware iPhone Users! Don’t Put Your iPhone In A Bag Of Rice; Here’s Apple’s Advice)
As per police statements, both the 58-year-old man and his 27-year-old son are battling cancer, and opted to invest in stocks to enhance their financial support for treatment. They routinely invested using his demat account. (Also Read: Microsoft To Expand AI And Cloud Infrastructure In Spain, Says Vice Chair Brad Smith)
“In December, I came across a link on Facebook inviting people to attend a free online course on stock trading. I attended the course to learn new things and the organizers then added me to a WhatsApp group. I was even given a certificate on attending the course which I later realized was fake,” Sarkar was reported as saying.
He further added, “The webinar’s organizers added me to a WhatsApp group where I would get suggestions about stocks which were doing good in the market. I also saw other members sharing their experience on the group. The organizers soon suggested that if we invested through an institutional trading platform we would benefit more.”
The fraudsters segregated the members of the group into smaller groups of six, labeling it as the ‘Unified Organizational Trading Plan.’ They instructed participants to utilize the online platform ‘Zoksa’ for investments.
“They suggested that we should sell off all our insurance policies and stocks that we were investing in and then invest through them…. At that time, my Zoksa account showed that my money was invested in US stocks and my investments had reached Rs 1 crore. So, I kept investing through the company,” Sarkar stated.
The situation took a turn for the worse when Sarkar attempted to withdraw his investment but was unsuccessful. After raising the issue with the group, he received only Rs 10,000 from the scammers, sparking suspicion. Subsequently, he was informed that he would need to pay Rs 13 lakh in taxes to withdraw his funds and obtain a tax certificate.
The unfortunate experience of Sarkar highlights the dangers posed by online investment scams, particularly to vulnerable individuals seeking financial stability amid challenging circumstances such as illness. His story underscores the importance of exercising caution and skepticism when engaging in online investment activities.
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Microsoft To Expand AI And Cloud Infrastructure In Spain, Says Vice Chair Brad Smith
This announcement follows closely after Microsoft’s recent commitment of 3.45 billion dollars towards AI-centric investments in Germany.
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NITI Aayog Calls For Prioritizing Tech, AI For Senior Care In India |
New Delhi: It is important to prioritize technology and Artificial Intelligence (AI) for senior care, the NITI Aayog said on Monday, in a report on senior care reforms in India. The NITI Aayog released a position paper titled “Senior Care Reforms in India: Reimagining the Senior Care Paradigm,” on Friday.
“The release of this report is one of the stepping stones towards India’s commitment to achieve the goal of Viksit Bharat @2047,” said NITI Aayog Vice Chairman Suman Bery at the occasion. (Also Read: GenAI To Boost Indian Financial Services, Add 80 Billion Dollars By 2030: Report)
“It is important to extensively prioritize the application of technology and Artificial Intelligence for senior care. It is time to start thinking about the special dimensions of senior care in addition to the medical and social dimensions,” he added. (Also Read: Google Offers 300% Salary Hike To Retain Employee; Read More)
The recommendations in the position paper categorize the specific interventions needed in terms of empowerment, service delivery, and their inclusions under four core areas: Health, Social, Economic/Financial, and Digital.
“This is the time when serious discussions should emerge on making aging dignity driven, safe, and productive. We need to ensure the social security of the elderly and add more emphasis to well-being and care,” said Member (Health) NITI Aayog Dr. VK Paul in his address.
The report strives to push the frontiers of senior care by recognizing the evolving medical and non-medical needs of seniors, thus envisioning a multi-pronged strategy for designing an effective and synergised senior care policy.
“The report is a call for action on what needs to be done to bring a greater focus on senior care,” said Saurabh Garg, Secretary, Department of Social Justice and Empowerment (DoSJE), Ministry of Social Justice He added that the broad focus of DoSJE is on aging with dignity, aging at home, and productive aging, which will encompass social, economic, and health aspects.
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Samsung Retains Top Spot In Global TV Market For 18 Straight Years |
New Delhi: Samsung Electronics said on Monday that it has retained its position as the top player in the global television market for the 18th consecutive year. The South Korean tech giant took up 30.1 percent of the world TV market in terms of revenue last year, remaining at the top since 2006, according to Samsung Electronics, citing the market research firm Omdia.
Its flagship QLED TVs have contributed to the company’s strong performance, with sales reaching 8.31 million units last year, reports Yonhap news agency. Since the introduction of QLED technology in 2017, Samsung Electronics has cumulatively sold 44 million units. (Also Read: Air India And Tata Advanced Systems Set To Invest Rs 2,300 Crore In Karnataka)
In the premium segment for TVs valued at $2,500 or higher, Samsung had a share of 60.5 percent in 2023, up from 48.3 percent the previous year. The company also maintained a strong presence in the market for large TVs, posting a market share of 33.9 percent last year, driven by robust sales of the company’s largest Neo QLED, its 98-inch model. (Also Read: Government Official States No Plans To Reduce Import Duty On Rubber)
In the OLED TV segment, Samsung Electronics accounted for 22.4 percent of the global market in terms of revenue last year, with sales exceeding 2 million units over the past two years. Meanwhile, LG Electronics Co. said it has maintained its leadership position in the global OLED TV market for 11 years in a row.
The South Korean home appliances maker shipped around 3 million units of OLED TVs last year, accounting for 53 percent of the world’s total shipments. In the large-sized OLED TV segment, in particular, LG Electronics posted a market share of 60 percent last year on rising popularity of wireless 97-, 83- and 77-inch models in North America and Europe.
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Google Offers 300% Salary Hike To Retain Employees; Read More |
New Delhi: During a recent episode of the Big Technology Podcast, Aravind Srinivas, CEO of Perplexity AI, revealed that Google once offered an employee a staggering 300 percent hike in salary to dissuade them from switching jobs to Perplexity AI. This anecdote sheds light on the lengths to which big tech companies go to retain their employees.
Details Of Salary Hike
Srinivas disclosed that the employee who received the substantial salary increase was a member of Google’s ‘search team’ and had no direct involvement with its AI division. Despite this, Google deemed it necessary to offer such a significant raise to prevent the employee from leaving. (Also Read: Nothing CEO Carl Pie Became ‘Carl Bhai’ In Twitter Bio, But Why So?)
Google’s Internal Memo On Job Cuts
The revelation of the extraordinary salary hike comes amid recent job cuts at Google, with CEO Sundar Pichai warning employees of more impending layoffs. (Also Read: Google Opens New Office In Pune; Employee Shares Video Of Interiors: Watch)
In an internal memo addressed to all Google employees, Pichai emphasized the need for “tough choices” to create capacity for future investments.
Pichai’s Statement On Job Reductions
Pichai’s memo acknowledged the company’s ambitious goals and reiterated its commitment to investing in key priorities. However, he stressed that creating capacity for these investments requires difficult decisions, including workforce reductions.
Scope Of Job Cuts
Since January 10, Google has reportedly laid off over a thousand employees across various departments. Earlier announcements by Pichai indicated plans to cut approximately 12,000 jobs globally, which accounts for about 6 percent of Google’s workforce.
Pichai’s Announcement To Employees
In a previous communication to employees, Pichai had informed them of the decision to reduce the workforce by approximately 12,000 roles. While employees in the US received immediate notifications, the process in other countries may take longer due to local laws and regulations.
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Carl Pie Suggests Elon Musk To Change His Name To Elon ‘Bhai’; Netizens Flood X With Hilarious Reactions |
New Delhi: Carl Pei Yu, the CEO of Nothing Phone, known for his innovative approach, has shared a suggestion for Elon Musk, the CEO of Tesla, regarding opening a factory in India. Pei, who is gearing up to launch the “Nothing Phone 2a” in India next month, proposed that Musk should change his username on the X platform to “Elon Bhai,” to facilitate the establishment of a Tesla factory in the country.
Carl Pie’s Tweet
In a lighthearted tweet directed at Musk, Pei humorously questioned whether Musk had considered the necessity of adopting the moniker “Elon Bhai” to proceed with building a Tesla factory in India. (Also Read: Apple iPhone 15 Pro Gets Rs 38,962 Price Cut: Check Bank And Exchange Offers)
Interestingly, Pei himself has already changed his Pei’s tweet sparked a playful exchange among Twitter users. (Also Read: WATCH: Man Turns Plane Into Luxurious Villa; Viral Video Amazes Anand Mahindra)
.@elonmusk did you really think you could build a Tesla factory in India without changing your username to Elon Bhai? — Carl Bhai (@getpeid) February 18, 2024
User Reaction
One user commented, “You are the Bhai, he will be the Mamu,” while another user humorously suggested different titles for Musk based on various Indian states.
You are the Bhai, he will be the Mamu — Starcommander (@Starcommander10) February 18, 2024
Depends on the location as well ..If Gujarat then Elon Bhai, If Maharashtra then Elon Bhau, If Telangana then Elon Gaaru, If Haryana then Elon Tau, If Punjab then Elon Paaji, If Tamil Nadu then Elon Anna, If West Bengal then Elon Dada
— Parag Mandpe (@ParagMandpe) February 19, 2024
He has to change it to ‘Bun Maska’ — Raghu (@vennelacheekati) February 18, 2024
Can anyone ever speak in front of Carl bhai, carl bhaiiiiii!!! — Tarun Lochib (@tarunlochib) February 18, 2024
Still better would be: Elone Maska, i.e. Elone Butter because Maska means butter in Hindi. So, Elon Muska. He is welcome though.@elonmusk — Sunil Mehta (@kalki_007) February 19, 2024
Meanwhile, as per the latest report by The Economic Times, Tesla, under the leadership of Elon Musk, is on the brink of entering the Indian market.
The government is reportedly in the process of finalizing a policy to extend concessional import duties on electric cars priced above Rs 30 lakh for 2-3 years.
Import Duty
India imposes a 100 percent import duty on cars valued at more than Rs 33 lakh and 60 percent for cars below that threshold. Tesla has shown interest in investing up to $2 billion in India, contingent upon the government reducing the import duty of 15 percent on foreign electric vehicles during the initial years of operation.
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Apple iPhone 15 Pro Gets Rs 38,962 Price Cut: Check Bank And Exchange Offers
The original price of the Apple iPhone 15 Pro is Rs 1,34,900.