At a joint news conference in New Delhi with visiting Australian Prime Minister Malcolm Turnbull, and Prime Minister Narendra Modi, Turnbull said Australia was looking forward to the first export of Australian uranium to India as soon as possible. “We have worked closely with India to meet our respective requirements for the provision of fuel for India’s civil nuclear program,” he said. “Now we are working with India to secure timely conclusion of a quality Regional Comprehensive Economic Partnership, which would provide a significant boost to regional confidence,” he added.
Indian Prime Minister Modi said that cooperation between the two countries in the energy sector, including renewable energy, was on the upswing.
The two leaders inaugurated a research center on nano and bio technology. At the event, Modi said that the Australia-India Research Fund of nearly $100 million “has focused on collaborative research projects in the areas such as nano-technology, smart cities, infrastructure, agriculture and disease control.”
April 20, 2017 No Comments
According to data from Mumbai, India-based investment bank Equirus Capital, India’s infrastructure sector raised a total of $3.49 billion across 33 transactions in Fiscal Year 2017 compared with $2.98 billion raised in 31 transactions in 2016, an increase of over 17 percent.
The data also showed that the majority of private market transactions in the fiscal ending March 31 were led by the power, roads and renewables sectors and, within those, about 88% of the transactions were through mergers and acquisitions; the remaining 12% were through private equity investments.
Livemint reports that funds such as U.S.-based I Squared Capital, Indian asset manager IDFC Alternatives’ infrastructure fund, Canada’s Brookfield Asset Management, Australia’s Macquarie Group, and the Canada Pension Plan Investment Board (CPPIB) and Caisse de Depot et Placement du Quebec (CDPQ) have committed large investments in the sector and are looking to buy assets across roads, thermal power, and renewable energy to build their own portfolio in India.
April 8, 2017 No Comments
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