Vodafone, like any other storied telco giant today, has been urgently seeking ways to trim costs. Not only are its revenues under pressure from smaller upstarts in Spain and Italy, it must also spend heavily on upgrading its network infrastructure to handle faster, 5G data speeds. One cost-cutting idea that ... Read More »
Once India’s global claim to fame, the country’s information technology (IT) sector is seeing a spate of layoffs by IT majors like Tech Mahindra, Wipro, Infosys and Cognizant. The churn in the IT sector — which is moving towards increasing automation, use of artificial intelligence and is beset ... Read More »
BHOPAL: Ministers or bureaucrats associated with the departments of health and medical education being removed after eruption of controversies has become common enough. The BJP government may have completed 13 years in power but the state of affairs in the Hamidia Hospital – city’s biggest government hospital – is the ... Read More »
In a sense, it was surprising that 2016 was the year in which the social threat posed by rapid technological progress became a topic of serious and widespread discussion. It was, after all, the first year since 2007 when all of the world’s advanced economies managed to grow and in ... Read More »
It said that advances in the internet of things, autonomous vehicles, 3D printing, energy storage and quantum computing among others technologies “may transform the lives of everyone”. “These transformations wrought by these and other technological developments may mean that some businesses and products could become obsolete relatively quickly. “Successor businesses ... Read More »
Jack Ma knows a thing or two about technological innovation and disruption. The founder and executive chairman of Alibaba Group has built it into the world’s fifth-largest Internet company by revenue. In a letter to shareholders earlier this month, he had this to say: “Throughout history, technological disruptions have followed ... Read More »
A larger-than-expected employment gain in July could boost the recovery in prices for luxury U.S. homes. Stock market volatility caused a drop in luxury values in the first quarter of this year, but prices recovered slightly in the second quarter, rising 0.8 percent annually, according to Redfin, a real estate ... Read More »
India’s largest cab aggregator Ola on Wednesday said it was shutting down operations at TaxiForSure (TFS), a move seen as a bid to integrate its operation and cut costs. The decision comes 17 months after Ola acquired its cross-town rival for $200 million (Rs.1,200 crore) in a cash and equity ... Read More »
European shares close lower A number of disappointing company results – from brewer Carlsberg, Austrian brickmaker Wienerberger and insurer Admiral – helped send stock markets into negative territory. Investors were also nervous ahead of the latest US Federal Reserve minutes, and what they might hint about the course of interest ... Read More »
Truck drivers and social service workers have something in common: The people who work in these two occupations are the least likely to be heart healthy, according to a new report from the Centers for Disease Control and Prevention. In the study, researchers looked at seven measures of heart health ... Read More »
Truck drivers and social service workers have something in common: The people who work in these two occupations are the least likely to be heart healthy, according to a new report from the Centers for Disease Control and Prevention. In the study, researchers looked at seven measures of heart health ... Read More »
A better-than-expected jobs report for July from the U.S. Department of Labor sent two stock indices into record territory on Friday. The Dow Jones Industrial Average climbed nearly 200 points by Friday afternoon (to close at 18,543.53), nudging the index into positive ground for the week. The S&P 500 and ... Read More »
