by admin | May 25, 2021 | Corporate, Corporate Governance, Investing, News, Politics
Suresh Prabhu
Chennai : Union Minister for Commerce and Industry and Civil Aviation Suresh Prabhu on Thursday said the Central government is proposing two schemes at the district level to attract investments.
Inaugurating the ACMEE 2018, the 13th International Machine Tools Exhibition here, Prabhu said an industry while investing in a state actually invests in a district.
Developing the district infrastructure and easing the administration process in district is also important, he said.
He said the Central government is proposing two schemes; one is ease of doing business at district level and the other is increasing the gross domestic product (GDP) of the district by 3 per cent more than the normal GDP.
According to him, the Central government is now working on a model project and once it succeeds, it will be implemented in every district across the country.
He said when industries invest in India, they invest in states like Tamil Nadu, so the State partnership with Centre gains importance.
—IANS
by admin | May 25, 2021 | Corporate, Corporate Governance, Investing
Sushma Swaraj
New Delhi : External Affairs Minister Sushma Swaraj on Monday said that her ministry’s economic diplomacy attracted $209.83 billion for India’s flagship development programmes.
“Diplomacy for development was never there in our foreign policy,” Sushma Swaraj said while addressing her annual press conference here.
“We not only adopted this but took on our shoulder the responsibility of all our Prime Minister’s flagship programmes – Clean India, Skill India, Digital India, Start-up India, Smart Cities – and are working with those countries which have not only the necessary techniques in the respective areas but can also contribute funds for these,” she stated.
“Today, I am happy to inform you that from May 2014 to February 2018, funds worth $209.83 billion have come to this country.”
She also said that the External Affairs Ministry also created two new divisions for this – Department of Economic Diplomacy and Department of States – and merged both of them.
“This is because these funds will at the end only go to our states,” she said.
“So there can be a joint secretary who can maintain ties with the states as well as look after economic diplomacy.”
—IANS
by admin | May 25, 2021 | Business, Investing, Large Enterprise, Marketing Basics, Markets, Online Marketing, Social Media, Technology
New Delhi : Twitter co-founder Biz Stone has invested in a Delhi-based Artificial Intelligence (AI)-powered chatbot “Visit” which is the brainchild of students from Birla Institute of Technology and Science (BITS), Pilani in Rajasthan.
Stared in 2016 by Anurag Prasad, Vaibhav Singh, Shashvat Tripathi and Chetan Anand, “Visit” is an AI-powered chatbot for health advice learning from, and assisting, existing doctors.
“People interact with the ‘Visit’ chatbot by sharing some symptoms. The bot follows up with relevant questions to collect more symptoms and risk factors (is the person hypertensive, diabetic, a smoker). This triaging is conversational and low stress,” Stone wrote in a blog post on Medium on Sunday.
“Visit” plans to democratise healthcare by shrinking the shortage of doctors using AI.
“In India, for every doctor there are 2,000 patients lined up in-clinics — waiting for hours.
“Accessibility to quality health advice is an overwhelming problem in a country with over 200 million people affected by lifestyle problems like stress, chronic conditions, obesity, skin conditions, and more. This is where the technology approach by aVisit’ comes in,” Stone informed.
“Visit” chats conclude with patients being more educated about possible conditions, symptoms, and treatments.
The chatbot is trained using over 20,000 probabilistic relationships between variables such as conditions, symptoms, risk factors, past history and more.
Once a probable medical condition is determined, “Visit” connects the patient to one of over 2,000 health specialists all across India via video, phone or chat so the right treatment can be put into place.
“But it doesn’t end there. People can stay in touch with their practitioner over chat for follow-up. The objective is not to replace the doctor but to help practitioners in an assistive way by regular patient check-ins and reminders related to their care plan,” Stone noted.
“Investing in Visit is my small way of contributing to a future where AI is seen as a positive enhancement of humanity that really does improve lives,” he added.
—IANS
by admin | May 25, 2021 | Investing
Mumbai : Securities markets regulator Sebi on Tuesday said that investments made by two or more foreign entities with a “a common beneficial” owner will be treated as a single FPI entry.
The regulator said this in a circular “clarification on clubbing of investment limits of foreign government or foreign government related entities”.
“In case, same set of beneficial owners are constituents of two or more FPIs and such investor(s) have a common beneficial ownership of more than 50 per cent in those FPIs, all such FPIs will be treated as forming part of an investor group…,” the circular said.
“… the investment limits of all such entities shall be clubbed at the investment limit as applicable to a single foreign portfolio investor.”
As per the circular, Sebi has “been monitoring investment by foreign governments and their related entities viz foreign central banks, sovereign wealth funds and foreign governmental agencies registered as foreign portfolio investors in India”.
The regulator said that purchase of equity shares of each company by a single FPI or an investor group will be below 10 per cent of the total paid up capital of the company.
—IANS
by admin | May 25, 2021 | Business, Investing, Markets, Technology
New Delhi : Eyeing the growth-driven Cloud, Internet of Things (IoT) and 5G markets, Shenzhen-based Huawei on Friday reported net profit of 47.5 billion yuan ($7.3 billion) for 2017, an increase of 28.1 per cent year-on-year, and registered revenue of 603.6 billion yuan ($92.5 billion) — a rise of 15.7 per cent over 2016.
In 2017, Huawei’s annual investment in research and development reached 89.7 billion yuan ($13.8 billion), up 17.4 per cent compared with 2016.
The company’s total R&D spend over the past decade has exceeded 394 billion yuan ($60.4 billion).
“We’re on a new journey. Over the next 10 years, Huawei will continue to increase investment in technological innovation, investing more than $10 billion back into R&D every year,” Ken Hu, Huawei’s Rotating Chairman, said in a statement.
“We will actively pursue open collaboration, attract and cultivate top talent, and step up efforts in exploratory research. We want to better enable all industries to go digital and intelligent,” Hu added.
Focusing on helping global carriers maximise the potential of their existing network assets and seize new opportunities in video, Internet of Things (IoT) and Cloud markets, Huawei’s Carrier business group generated 297.8 billion yuan ($45.7 billion) in revenue, an increase of 2.5 per cent year-on-year.
Huawei’s enterprise business group enhanced innovations in cloud, big data, campus networks, data centres, IoT and other domains.
In 2017, the enterprise business generated 54.9 billion yuan ($8.4 billion) in revenue, an increase of 35.1 per cent compared with 2016.
Huawei set up a Cloud Business Unit in 2017, which launched 99 cloud services across 14 major categories, and over 50 solutions.
The company also unveiled the Enterprise Intelligence (EI) platform and developed over 2,000 cloud service partners.
“As we look to 2018, emerging technologies like IoT, cloud computing, Artificial Intelligence (AI) and 5G will soon see large-scale application,” Hu added.
—IANS
