Author Archives: Loknath Das

Slack Seeks Solution for Outage Problem and your Business Should Look for Workarounds

Small team collaboration favorite Slack is seeking a solution to its excessive outages, but in the meantime, your small business needs a contingency plan. Slack is one of the leading collaboration platforms among small businesses. Thousands are using Slack to connect teams in the same building or around the world on projects big and small. But there’s a problem. Slack tends to ... Read More »

I-T dept names and shames 24 defaulters owing Rs 490 crore in taxes

The income taxdepartment on Thursday released a pan-India list of 24 defaulting individuals and companies who owe about Rs 490 crore in taxes to the exchequer but have either gone untraceable or have reported inadequate assets for payment of dues. The department issued an advertisement as part of its name and shame defaulters policy in leading national dailies titled ‘List ... Read More »

Snap lays off 100 employees in latest round of downsizing

Snap Inc. is cutting another set of employees, focusing this time on the advertising side of the business after earlier trimming staff in engineering and content. The cuts total around 100 workers, according to people familiar with the matter, and represent the final step in a restructuring process set in motion in the fourth quarter. The people didn’t want to be identified ... Read More »

Govt notifies new accounting standard that comes into effect on April 1

Companies will have to adopt more detailed revenue recognition ways from April 1 as the government has notified a new accounting standard. The corporate affairs ministry has notified Indian Accounting Standard (Ind AS) 115 which would be effective from the new financial year, starting Sunday. According to experts, Ind AS 115 will help in more transparent accounting of revenues and ... Read More »

New Optic Technology Could Herald Terahertz Microchips

Researchers have developed a technology that could enable our computers – and all optic communication devices – to run 100 times faster through terahertz microchips. “This discovery could help fill the ‘THz gap’ and create new and more powerful wireless devices that could transmit data at significantly higher speeds than currently possible,” said one of the researchers Uriel Levy from ... Read More »

G7 Nations Agree on a ‘Common Vision’ for AI

HIGHLIGHTS Officials met in Montreal for a jobs and innovation forum It includes a “shared vision for human-centered AI Concerns over the hijacking and abuse of personal data on Facebook Group of Seven countries have agreed to a “common vision” for the development of artificial intelligence, a Canadian minister said Wednesday. Officials met in Montreal for a jobs and innovation forum ... Read More »

Samsung, Fujitsu Pick France for New AI Research Centres

South Korean giant Samsung said Wednesday it will set up its third-biggest research centre for artificial intelligence in France. The announcement was made by Samsung Electronics president and chief strategy officer, Young Sohn, during a meeting with French President Emmanuel Macron in Paris. At the same time, Japanese group Fujitsu also announced it would set up a European AI research centre in France, expanding the small ... Read More »

Dark net, bitcoin being used to smuggle drugs: Report

The “increasing” trend of using the ‘dark net’ and bitcoins to smuggle pharma medicines and illicit drugs to untouched segments of the population and youngsters in the country is becoming a new challenge for anti-narcotics agencies, a latest report has revealed. The “loose regime” of the sale of over-the-counter drugs and some select ayurvedic preparations is a trend that drug ... Read More »

Hiranandani family to invest Rs 3,500 crore in oil and gas projects

Niranjan Hiranandani’s family is investing around Rs3,500 crore to build liquified natural gas (LNG) terminals in Maharashtra and West Bengal, in a diversification for the Mumbai-based developer who built the iconic 250-acre Hiranandani Gardens township in suburban Powai. Led by Darshan Hiranandani, Niranjan’s son, H-Energy (formerly known as Hiranandani Energy) expects to start commercial operation of its first LNG terminal ... Read More »

Economic growth needs to reflect on HDI: Niti Aayog CEO Amitabh Kant

The Indian economy is growing at 7 -8% which needs to be reflected on the human development index (HDI) wherein the country stands at 131st position out of 188 nations, NITI Aayog CEO Amitabh Kant on Monday said. Kant further said there is need for a radical change at the state and district levels to improve the current situation. “Industry ... Read More »