DiGiSPICE: Industry Monitoring 08 January 2019
- Priyanka Kanodia
- Jan 9, 2019
- 4 min read
DiGiSPICE
Competitors
RCom deposits Rs 131 crore as part payment to Ericsson
Publication- Livemint
Edition- Online
Date- 08 January, 2019
Reliance Communications Monday said it has deposited Rs 131 crore with the Supreme Court registry as part payment of the total dues of Rs 550 crore that the company owes to Swedish telecom gear maker Ericsson. The development comes after the apex court’s direction asking RCom to make part payment in response to contempt of court petition filed by Ericsson against Anil Ambani and two others.
“RCom has deposited a partial payment of Rs 131 crore to Ericsson with the Supreme Court registry, from the operational funds available with the company,” RCom spokesperson said in a statement. The Supreme Court on Monday issued a notice to RCom Chairman Anil Ambani and others on a contempt petition filed by Ericsson India Pvt Ltd over non-payment of its dues of Rs 550 crore.
A bench headed by Justice R F Nariman sought a response from Ambani and others in four weeks. Besides seeking contempt proceedings against RCom chairman and two others, Ericsson also sought that they be “detained in civil prison” unless they make the payment.
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Industry News
China's Huawei unveils chip for global big data market
Publication- The Economic Times
Edition- Online
Date- 08 January, 2019
Huawei Technologies Ltd. showed off a new processor chip for data centers and cloud computing Monday, expanding into new and growing markets despite Western warnings the company might be a security risk. Huawei and other Chinese technology companies that rely on Western technology are stepping up efforts to develop their own.
The company based in southern China's Shenzhen has pushed ahead with commercial initiatives despite the Dec. 1 arrest of its chief financial officer, Meng Wanzhou, the daughter of Huawei founder Ren Zhengfei, in Canada on U.S. charges related to possible violations of trade sanctions on Iran.
Huawei said the Kunpeng 920 chip is designed for servers that handle a flood of data from smartphones, video and other network services _ a fast growing sector with the development of artificial intelligence and the ``internet of things.'' The company said it is part of a planned product lineup to support ``intelligent computing.''
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Use of Advanced Technologies Including Blockchain Needed to Plug the Skill Gap in India: Accenture Report
Publication- Crypto News
Edition- Online
Date- 08 January, 2019
The new report titled “Fueling India’s Skill Revolution” by Accenture has highlighted that, India may have to forgo as much as $1.97 trillion in GDP growth promised by investment technology companies over the next decade if the country fails to bridge the skill gap of its workforce.
According to the report, the country needs to utilize advanced technologies such as Artificial Intelligence, augmented/virtual reality (AR/VR) and Blockchain to allow rapid re-skilling and up-skilling at scale. These new technologies can help learn new skills quickly and efficiently and in a cost-effective manner.
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Jharkhand leads at Smart City project implementation
Publication- The Pioneer
Edition- Online
Date- 08 January, 2019
Jharkhand is leading in the implementation of smart city mission programmes across the country. The latest ranking released by the ministry of urban affairs on Monday showed that Jharkhand tops the performance chart with 288.14 points. The state is way ahead of Gujarat in scores, which is on the second position with 162.54 points, followed by Andhra Pradesh with 142.61 points.
Meanwhile, in the city based ranking, Ranchi is on the third spot among 94 cities where smart cities are being developed, with 288.14 points. Nagpur was declared the best performing city with 343.51 points and Bhopal bagged the second position with 327.64 points.The baseline rank of Ranchi was 31 which has taken a leap of 28 steps, and reaching the real time ranking of 3.
Tenders worth Rs. 750 crore under various sectors including road, drainage, sewerage and power supply were finalized in the last few months for area based development project of Smart City in Ranchi. Also, a tender of Rs. 150 crore for setting up command, control and communication centre has been floated, which has lead to increase in the points.
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Blockchain Technology Initiatives And Ideas Supported By Consulting Firms
Publication- Owlt Market
Edition- Online
Date- 08 January, 2019
Blockchain technology initiatives are expected to reach new pinnacles this year. Many prestigious projects which began in 2018 will be coming out with their end-products or services in a few months which will clear the hype of this emerging technology. There has been much said about its benefits and advances but there are only a few successful examples present as of now. However, major finance consulting firms like McKinsey & Company have come out with pieces of evidence on blockchain with its practical scalable use cases.
McKinsey’s partners unveiled that the practical scalable usage of blockchain has no strong foundation. Also, there is nothing much obtained from this future technology as it was stated while setting up the objectives. In other words, it can be said that no major game-changing solution has been obtained considering the amount of time and money that has been already invested in it. Blockchain has been there in the market for over a decade now but the path of its development is relatively slow.
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