Day: October 3, 2018

Why successful leaders are into Media Business?

AdminSPO

The battle for media attention is catching the eye of every successful leaders. As digital medium is getting into more clusters and most of the content are similar to the original one, with only difference in the perception, there has been a dynamic shift from digital to print publications. On-demand content consumption has changed the game for every business. With the recent decision of Marc Benioff, Salesforce, co-founder acquiring Time Magazine for $190 Million, he has become the next leader after Jeff Bezos, Founder – Amazon.com who completed the acquisition…

Government to amalgamate BOB, Vijaya and Dena Banks

AdminSPO

The government has proposed amalgamation of three public sector banks – Bank of Baroda, Vijaya Bank and Dena Bank. With a combined business of approximately Rs.15 lakh crore, the new entity will be the third-largest bank in India after the State Bank of India and ICICI Bank.   The amalgamation proposal to the banks’ boards is taken in a meeting of the Alternative Mechanism Body chaired by Finance Minister Arun Jaitley and attended by Railway Minister Piyush Goyal and Defence Minister Nirmala Sitharaman. Financial Services Secretary Rajiv Kumar has commented…

Supreme Court gives its verdict on Aadhar Linking

AdminSPO

The five-judge constitution bench, led by Chief Justice Dipak Misra, delivered their verdicts on the controversial issue of Aadhaar, upholding its constitutional validity. A total of 31 petitions had challenged the verdict citing violations of the right to privacy. The Supreme Court has delivered verdicts on whether the mandatory linking of Aadhaar with welfare schemes, bank accounts, PAN, etc, violates the privacy of individuals or it is necessary to maintain accountability and ensure all government benefits reach the poor. The Unique Identification Authority of India (UIDAI) has the biometric data…

One more bank fraud sends the nation into shock!

AdminSPO

While the Government is under pressure to resolve and extradite the return of Vijay Mallya, Nirav Modi and Mehul Choksi to India, a new Gujarat scamster Nitin Sandesara is being investigated by the CBI. Nitin Jayantilal Sandesara, director of a Gujarat-based pharma company, Sterling Biotech, who is being probed in a Rs 5,000 crore fraud case, has reportedly fled to Nigeria. Sandesaria, his brother Chetan, sister in law, Dipti besides other family members are believed to be in Nigeria, according to media sources. It is alleged that the company took…

Is it time to regulate Social media?

AdminSPO

The government is ensuring that social media platforms like Facebook, WhatsApp and Telegram are free from harmful content such as fake news, child pornography, and cyber bullying. Aruna Sundararajan, secretary, Telecom said that the government is planning to shift the accountability from a user to a social platform. She added that users are sometimes unaware and innocently retweet or forward content; so higher standards of accountability for platforms are needed. She also said that the responsibility of the DoT is to ensure the security of the content being transmitted through…

Supreme Court to hear petition of Juhi Chawla against mobile tower radiation

AdminSPO

Bollywood actor Juhi Chawla has submitted a petition wherein she has demanded tighter norms governing cell phone tower radiation. The Supreme Court has responded by accepting the actor’s plea and will now hear her petition in November, along with the pleas of five others. The petitions pertain to issues arising out of rampant illegal installation of the towers and antennae, and the absence of adequate laws and regulatory norms. A bench of Justices Ranjan Gogoi, Navin Sinha and K M Joseph tagged the matter of Juhi Chawla and others along…

Does software companies collect data in devices?

AdminSPO

It is not necessary to know the software companies that are stealing your data. It is also not fair to blame only Facebook, Twitter and WhatsApp for stealing data for business continuity or to give better services by understanding the user’s behaviour. The fact is they would be required to understand your behaviour and only then can they suggest the best. Like through machine learning, machine is learning us, our behaviour and attitude. Internet of Things (IoT) and artificial Intelligence (AI) are the two tools for companies in data capture…

Refurbished smartphone market is growing faster

AdminSPO

The Refurbished Market is bigger than one can think of. The refurbished market for consumer electronics is estimated to be $10 billion, and is further expected to grow to a USD 45 billion market in India in the coming days. That’s bigger than many businesses may realize – and it shows no sign of slowing down. Many refurbished products are restored to full manufacturer conditions, boasting the capability to provide consumers with a quality product at an affordable price.   Refurbished smartphones are pre-owned smartphones that are collected, rejuvenated or…

Study finds less than 40 percent public companies compliant even after five years of CSR Mandate

AdminSPO

Five years has passed since the implementation of the “Companies Act, 2013” provision that requires a minimum corporate spending on social responsibility (CSR) initiatives, but less than 40 percent of qualifying public companies in India are fully compliant. The time needed to search for and evaluate viable CSR projects, the phased rollout that many projects require, and the process for legal approval are among the reasons why many Indian businesses are still on a learning curve regarding the CSR Mandate. This is a key finding from a Director Notes India…

India approves Telecom Communications Policy – 2018

AdminSPO

The Government of India has approved the National Telecom Communications Policy – 2018 with the aim of ensuring broadband at 50 Mbps speed to 1.2 billion plus population, and 1 Gbps Internet to all Gram Panchayats. Now named the National Digital Communications Policy (NDCP) 2018, the new policy will attract $100 billion investments and will create 4 mn jobs. The Union Cabinet chaired by Prime Minister Narendra Modi has approved the National Digital Communications Policy-2018 and re-designation of the Telecom Commission as the Digital Communications Commission. “Emerging technologies like 5G…