February 26, 2016 - Digital India will be a $1-trillion business opportunity: Ravi Shankar Prasad

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Invite Friends Blog Sree Vijaykumar From the Editor's Desk For all those wondering what all this blabbering about machines taking over humans is about, here's a rather long, but valuable primer on why Artificial Intelligence is something that deserves more of our attention. 3 fundamental points: Human progress has been exponential (think of the time durations between stone age to industrialization to the internet). It's about to get crazy exponential as we get closer to mimicking the human brain (some estimates say by 2030). With hardware (the limitation when it comes to the human brain) becoming cheaper faster and faster, along with self-learning software that becomes exponentially smarter, we are moving from ANI (Artificial Narrow Intelligence, eg: Siri, Google Search, the landing system on your flight) to AGI (Artificial General Intelligence - when computers have all-round intelligence like humans). This jump from ANI to AGI is tricky, and requires a significant increase in computational power. But again, exponential growth means AGI could creep in on us sooner than we think - Comment Digital Digital India will be a $1-trillion business opportunity: Ravi Shankar Prasad The Modi government, Prasad said, is building a robust broadband infrastructure for digital delivery of services, including e-education and ehealth. Union Budget 2016-17: Return of Good Days? If there is one policy event that is awaited every single year, it is the Union Budget. And this year is no different. Digital Veteran journalists launch video news app for regional languages 'Nyusu Digital Media' Nyusu Digital Media in talks for Series A fundraising. Digital IDG Ventures launches $200 million fund for tech startups in India IDG ventures has initiated a tech fund of $200 million specifically for India-based tech startups. This is the third fund set up by the … Advt:The Rise of Multi-Talented Freelancers A freelancer in 2016 must wear many hats. A freelance marketer for example, should have impeccable writing, PR experience, social media proficiency, and preferably some SEO skills Digital Jabong CMO Saurabh Srivastava quits after just 5 months Saurabh Srivastava has quit as chief marketing officer at Jabong in less than five months of joining the online fashion portal. Digital Uber opens centre of excellence in Hyderabad CoE part of an agreement Uber signed with Telangana in July 2015 to invest $50 mn in state Digital Project Shield: Google's new project aims to protect news sites from attacks The web has become a critical tool for news organisations to communicate faster, research and disseminate their work to a global audience, especially in cases of investigative work Retail Etail giants like Snapdeal, Amazon lose market share in 2015; small etailers emerge as real winners While Flipkart maintained its No. 1 slot and increased its share, the combined market share of Indias top three ecomm cos fell. Retail Your local store can give you a multi-million valuation, learn from Magicpin There is an app called Magicpin that is luring students, in Delhi University, to take endless number of selfies. The precise number is 4,00,000 selfies, wh Retail Kishore Biyani, Hong Kong-based billionaire shelve JV plans Plans shelved as there was little interest by Chinese wholesalers/exporters to participate in the trading model Retail LeEco to foray into TV segment, to commence sales through brick-and-mortar stores Print Live Telecom Vodafone, Airtel, China Mobile, SoftBank partner for 5G In India, Bharti Airtel has launched 4G service on both the technologies. Reliance Jio Infocomm too has spectrum to deliver 4G services using both these technology but it is yet to launch its services. Aircel and State-run BSNL have launched 4G service on small scale using TD LTE technology. Telecom Significant policy reforms to provide fillip to telecom sector The telecom services have been recognized the world-over as an important tool for socio-economic development for a nation.   Telecom 4G handset queries up 200% in India in 2015: Google's report According to a report with the coming of 4G services, there was a massive 200% spike in searches for devices compliant with the high speed data network in 2015 Telecom Mobile growth shaping India's internet usage: Google India report With over 200 Million mobile internet users in the country, mobile captured 60% share of all shopping related queries and over 50% share of all travel.. Finance Bad loans: Banks will need deep, preventive surgery? Banks have been witnessing the rise of bad loans to the above-danger mark for a while- and they are likely to stay at that level for some more time. Finance Sensex set for worst year-to-budget slide since 2007 Railway budget failed to cheer market participants, whose sights are trained on Monday’s Union budget Finance Vedanta, Hindalco to continue with cost rationalization India’s biggest producer of aluminium Vedanta has already gone in for job cuts Finance Anti-corruption law for private banks too: SC In a significant judgment expanding the scope of the Prevention of Corruption Act, the Supreme Court on Tuesday brought all private bank employees within the ambit of the anti-graft law, which had so far been applied only against corrupt government officials. Software With a big pay jump, Infosys CEO Vishal Sikka now as highly paid as Cognizant's Francisco D'Souza Infosys CEO Vishal Sikka's total package has gone up substantially from $7.08 million previously that included up to $5.08 million in annual salary, besides a stock option of $2 million. Sikka has emerged as one of the top-paid CEO in the Indian IT sector. Software How is the startup ecosystem in India growing faster than in the US? Software Indian IT services sector results confirm signs of slowdown While the expectations were running low, the actual performance turned out to be even weaker Ecommerce Jabong to name ex-eBay India head as COO; B. Muralikrishnan to look after Jabong's technology, product and digital marketing functions B. Muralikrishnan will look after Jabong’s technology, product and digital marketing functions Ecommerce Amazon India hires half a dozen top managers in an aggressive hiring spree aimed at consolidating its gains Amazon has hired former Citibanker Sriraman Jagannathan to lead its payments business, according to two people privy to the development. Ecommerce Freshdesk launches new support product Hotline.io for mobile-first businesses; allows businesses to provide support to their customers from within apps Hotline.io allows businesses to provide support to their customers from within apps Franchise 7 Mental shifts you need to make to turbo-change your growth into millions The secret to success in the business world is a combination of grit and creative thinking. Franchise Pay attention to these franchising trends in 2016 Nearly two full months in, some trends have emerged in the franchising industry for 2016. HR Talent acquisition to be top challenge in 2016 Attracting the best talent with critical skills, retaining them and enhancing workforce productivity have emerged as the top three human resource challenges that organizations will have to face in 2016 , reveals a survey conducted by Randstad, a leading HR service provider.   HR Snapdeal staff fear job cuts, protest at call centre Online marketplace Snapdeal faced protests from employees at its contact centre on Wednesday. The employees alleged that the company was looking to outsource customer support duties and cut jobs. HR Infosys CEO Sikka rakes in $11 million in total compensation Infosys said the company had extended Sikkas tenure as CEO following the companys stellar performance in the past few quarters. HR HP to cut 3000 jobs in 2016 HP Inc said it was accelerating its restructuring programme and now expects about 3,000 people will exit by the end of fiscal 2016 instead of over three years as it announced in September. Logistics Good numbers planned in Rail infra growth, in Suresh Prabhu's Rail Budget 2016, 400 stations to be redeveloped through PPP, 17 states agree to JVs on overbridges and more All the numbers you need to know from Suresh Prabhu's Rail Budget 2016. Logistics Air India to shave off its losses by around 40 per cent: Govt Air India was provided a Rs 30,231 crore lifeline by the Indian Govt in 2012 under a turnaround plan, stretching over period of nine years to keep it afloat. Logistics Indian Railways passengers can now book OYO Rooms via IRCTC Railways passengers now have access to standardised hotel accommodation across 170 cities in India Logistics Call for air cargo industry to drive supply chain improvements in India The air cargo industry should take more responsibility and drive improvements in India’s supply chain operations rather than wait for major changes... Construction Unitech defaults on loan repayment of Rs 38.52 to Central Bank of India Unitech says that it has repaid `264 crore out of the `300 crore loan and the remaining would be paid shortly Construction Government hopeful of passage of Real Estate Bill this session: Venkiah Naidu The Real Estate Bill is pending before Parliament and the governemnt is hopeful that after discussion, it could be passed in the ongoing session Construction Property registrations zoom by 33% in Vizag The eight sub-registrar offices in the city raked in Rs 333.31 crore so far this year as compared to Rs 250.63 crore during the same period in 2014-15 Construction Check if you are ready to buy a house without any loan? In case you are buying a house without any loan, the foremost and perhaps the only thing one should determine is if you have enough savings to buy the.. Marketing Facebook launches Love, Haha, Wow, Sad Angry Reactions to posts : Report Social networking company Facebook has launched Reactions, an extension of the “Like” button to react in different ways to Facebook posts: Love, Haha, Wow, Sad and Angry. This can be done by holding down the Like button on mobile or hover on the same button on desktop to see reaction images and Marketing Google gets India patent for method to determine ad-spot value : Report Search engine major Google Inc has secured an Indian patent for an invention regarding a method that could help online advertisers with different value propositions... Marketing Instagram claims advertising base of over 200000 : Report Five months ago, Facebook began trying to transform its picture-sharing app, Instagram, into a money-making business. Marketing Ibibo Group raises $250M from Naspers and Tencent : Report Online travel company Ibibo Group has raised $250 million from South African media conglomerate Naspers and Chinese internet company Tencent (in which Naspers has a minority investment), to cement its position in the hotels category and further its technology. An ET report states that Naspers no Politics BJP Lawmaker Got His 3,000 Condoms Beer Bottles Info At JNU Info From WhatsApp! NEW DELHI -- Gyandev Ahuja, Bharatiya Janata Party's lawmaker from Alwar, provided this week's comic relief to otherwise dreadfully serious Jawharlal Nehru University row. Ahuja said that 3,000 co Politics Where's The Dialogue On JNU? This Lazy Mud-Slinging Doesn't Count How does anyone justify support for those who want the destruction of this country? Why did this slogan and its implications deteriorate into a shouting match between those who consider themselves patriotic and the self-appointed saviours of the values of liberalism? When did it become "nationalistic" to question the student protesters wanting the destruction of the very same state that funds the bulk of their education? The government and its spokespersons have gone overboard but the critics haven't done a great job either. Politics Grave Doubts About Afzal Guru's Involvement In 2001 Parliament Attack: P Chidambaram NEW DELHI -- Even as six university students are facing a sedition charge for allegedly raising slogans in favor of Afzal Guru, Congress Party leader P. Chidambaram has told The Economic Times that th Politics Why Delhi Police Is Going Soft On Kashmiris Who Actually Raised Anti-India Slogans In JNU From the very beginning, it has been amply clear that the people who raised anti-India slogans at the Jawaharlal Nehru University on 9 February were Kashmiris. Yet, the Delhi Police has not even been Sports MS Dhoni likes Yuvraj Singh’s approach, lavishes praise on ‘effortless’ Ashish Nehra MS Dhoni is satisfied with the way Yuvraj Singh has been performing in the recent past and considers contribution made by him 'important'. Sports Novak Djokovic registers 700th career win to enter Dubai Championships quarters Novak Djokovic is one of three active players to reach 700 wins, the others being Roger Federer with 1067, and Rafael Nadal on 775. Sports Manchester United must learn to ignore their critics: Louis van Gaal However, midfielder Juan Mata insisted he was not influenced by the criticism but he understands the frustrations of the supporters. Sports How Vijender Singh gets title fight within 9 months of his professional debut Having made an impressive start to his pro career, Vijender Singh is set to compete in a WBO sanctioned title-bout in June. Entertainment Sanjay Dutt leaves Pune’s Yerwada jail: Here’s what family and fans have planned for Munnabhai Sanjay Dutt will reach Mumbai soon, and the entrance of Dutt's house in suburban Bandra was decorated with garlands to welcome him back. Entertainment Aishwarya Rai Bachchan obliges jawans with selfies at the Attari border, see pic Aishwarya Rai Bachchan recently met with the jawans at Attari border obliged them with selfies. Entertainment Deepika Padukone’s debut Hollywood film ‘XXX’ opposite Vin Diesel to release in January next year Deepika Padukone's Hollywood debut "XXX: The Return of Xander Cage" opposite Vin Diesel, will hit theatres on January 20 next year. Entertainment ‘Bollywood Diaries’ about cinema dreams: Ashish Vidyarthi Ashish Vidyarthi says his upcoming drama "Bollywood Diaries", co-starring Raima Sen, dwells into the psyche of the people, who want to make it big in showbiz. 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