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CII, Nasscom join hands to digitally skill 1 lakh non-IT professionals in 2 years

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New Delhi, July 1 (IANS) The Confederation of Indian Industry (CII) and Nassom on Monday joined hands to provide digital skills to youth in sectors other than IT, with an aim to reskill and upskill 1 lakh youth in the coming two years.

Seven target sectors have been identified to begin with, including banking, financial services and insurance (BFSI), manufacturing, logistics, healthcare, green jobs, hospitality and live sciences, the top industry chambers said in a statement.

“Our partnership will equip non-IT professionals with the skills they need to succeed in the digital age,” said Chandrajit Banerjee, Director General, CII.

“CII will leverage its over 10,000 direct corporate members and over 3 lakh enterprises from affiliated national and regional sectoral industry associations to facilitate digital re-skilling and up-skilling,” Banerjee added.

The initiative will also help build digital fluency on emerging technologies by providing micro-learning content. Both free and paid competency programmes including foundation and deep skilling courses in emerging technology areas will be implemented.

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“For India to continue its global competitive advantage, we must ensure our workforce is equipped with future-ready skills for the digital era,” said Debjani Ghosh, President, Nasscom.

The agreement aims to build a digital learning culture through the mass dissemination of cross-sectoral digital content.

The intervention would equip working professionals from non-IT sectors to be updated with key trends and challenges in the evolving digital ecosystem and help them make their organisations more relevant and productive.

CII recently launched its 12th Centre of Excellence on skills, which will impact 10 million youth over the next five years through the scaling up of its on-ground skill initiatives.

–IANS

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Samsung launches new AI-powered laptop in India

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New Delhi, July 3 (IANS) Samsung on Wednesday launched a new laptop – Galaxy Book4 Ultra, equipped with cutting-edge AI-powered technology for ultimate performance, in India.

The new laptop will be available in 32GB and 16GB memory variants at a starting price of Rs 233,990 on Samsung.com, and select offline stores.

It will be available with a 16-inch display in Moonstone Gray finish.

According to the company, the Galaxy Book4 Ultra comes equipped with the new Intel Core Ultra 9/7 processor and comes with enhanced security via a new Samsung Knox security chip.

The AI-powered Galaxy Book4 Ultra also comes with a dedicated Nvidia GeForce RTX graphics card. It has a touchscreen interface and features a Dynamic AMOLED 2X display. It is thin and light, and comes with a power-efficient and long-lasting battery, with all major ports available on board, Samsung said.

The display offers 3K super-resolution and an adaptive 120 Hz refresh rate for smooth videos and graphics without any stuttering. With touchscreen capabilities, this PC provides an interactive and intuitive touch-based user interface, the company said.

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Moreover, the Galaxy Book4 Ultra will allow users to utilise their phone as a connected camera, enhancing video calls and content creation. The laptop comes with a wide range of ports, including HDMI 2.1, and a large touchpad to enhance usability and connectivity, while providing for 8 times faster file transfers than USB 3.2 through Thunderbolt 4.

–IANS

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Indian food services market to reach Rs 10 lakh crore by 2030: Report

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New Delhi, July 3 (IANS) The food services market in India is poised to grow at 10-12 per cent annually over the next seven years, reaching Rs 9-10 lakh crore by 2030, a report showed on Wednesday.

The food services market in India, which encompasses dining out and ordering in, is currently valued at Rs 5.5 lakh crore.

The growth trajectory will be driven by robust fundamentals including an expanding customer base, growing consumption occasions, and a rise in supply, according to the report by Bain & Company and online food aggregator Swiggy.

Additionally, online food delivery is expected to grow faster at 18 per cent CAGR, contributing 20 per cent to the overall food services market by 2030.

“Higher incomes, digitisation, improved customer experience and an inclination to try new experiences have all contributed to this growth. We are very upbeat about the growth in the coming years,” said Rohit Kapoor, CEO, Food Marketplace, Swiggy.

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The report suggests that the Indian food service market, catering to middle and higher-income segments, will expand from Rs 4-5 lakh crore at present, to about Rs 10 lakh crore by 2030, Kapoor added.

According to the report, approximately 70 per cent of food services consumption as of 2023 is concentrated in the top 50 cities and among upper-middle and high-income segments, which are expected to remain demand hotspots in the medium term.

However, incremental growth is expected to come from other Tier 2 and beyond cities as well.

“By 2030, the market is poised to serve an additional 110 million customers, gradually shifting eating out from a special event into a convenient lifestyle,” said Navneet Chahal, Partner and co-author of the report.

–IANS

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India's solar observatory Aditya-L1 completes halo orbit L1: ISRO

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New Delhi, July 3 (IANS) Aditya-L1 spacecraft, known as India’s solar observatory, has completed its first halo orbit around the Sun-Earth Lagrange Point 1 (L1), announced mission officials at the Indian Space Research Organisation (ISRO).

The Aditya-L1 was launched to low earth orbit (LEO) on September 2, last year by the Indian rocket Polar Satellite Launch Vehicle – XL (PSLV-XL) variant.

Sun-Earth L1 is the point where the gravitational pull of two large bodies — Sun and Earth — will be equal and hence the spacecraft will not gravitate towards any one of them.

The spacecraft was inserted in its targeted halo orbit on January 6, early this year.

To complete a revolution around the L1 point, “Aditya-L1 spacecraft took 178 days”, the ISRO said.

During its travel in the halo orbit, the spacecraft underwent various perturbing forces that worked to depart from the targeted orbit.

To maintain the orbit, the spacecraft had to undergo two station-keeping maneuvers on February 22 and June 7.

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On Tuesday, the spacecraft conducted its third station-keeping maneuver. And now it has “continued into the second halo orbit path around L1”, the space agency said.

“This journey of Aditya L1 around Sun-Earth L1 Lagrangian point involves modeling of complex dynamics. The understanding of various perturbing forces acting on the spacecraft helped in determining the trajectory accurately and planning precise orbit maneuvers,” the ISRO said.

The third maneuver also validates the state-of-the-art flight dynamics software developed in-house at URSC-ISRO for the Aditya-L1 missions.

Aditya-L1, dedicated to the study of the Sun, carries seven payloads. It will observe the photosphere, chromosphere, and the Sun’s outermost layers (the corona) using electromagnetic, particle, and magnetic field detectors.

–IANS

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India, Japan to work together towards building safe & trustworthy AI: Hiroshi Yoshida

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New Delhi, July 3 (IANS) As the world leaders aim to control artificial intelligence (AI) and the user harms associated with it, India and Japan will work together in order to achieve safe, secure and trustworthy AI, said Japanese Vice-Minister for Policy Coordination (Internal Affairs), Hiroshi Yoshida, here on Wednesday.

Lauding India’s prowess in the technology field, especially AI, Yoshida said they are delighted that India is one of the first countries to announce its participation in AI and how to harness its true potential.

“We believe India and Japan together, with all the other members, are working closely together to achieve safe, secure and trustworthy AI around the world,” he said during the ‘Global IndiaAI Mission 2024’ summit in the national capital.

“By working together, Japan and India can contribute further to the responsible development, deployment and use of AI in the world,” Yoshida noted.

The two-day event is hosted by the Ministry of Electronics and Information Technology (MeitY) to discuss issues related to AI with India firmly committed to the ethical and inclusive growth of AI.

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Yoshida echoed the importance of secure and trustworthy AI at the event, which is being attended by global leaders, and AI researchers from at least 50 countries.

“Japan is convinced that India’s AI initiatives will create synergy with the Global Partnership on Artificial Intelligence (GPAI). We’ve been advocating for a safety code and guidelines to mitigate risks like misinformation and intellectual property protection,” Yoshida emphasised.

–IANS

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BMW posts strong performance in H1, sees over 21 pc boost in car sales in India

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New Delhi, July 3 (IANS) BMW Group India has posted a strong performance in the first half (H1) of 2024 (January-June) as it witnessed a boost of over 21 per cent in car sales (BMW+MINI), fuelled by high demand for its sports activity vehicles, luxury class and electric cars.

The luxury carmaker delivered 7,098 cars (BMW and MINI) and 3,614 motorcycles (BMW Motorrad). BMW sold 6,734 units and MINI 364 units.

“The strong affinity for our vehicles is driven by our competitive edge in exclusive mobility paired with unmistakable driving pleasure and best-in-class innovations,” Vikram Pawah, President, BMW Group India, said in a statement.

BMW electric vehicles (EV) emerged as the top choice of luxury consumers when it comes to sustainable mobility — 397 units of fully electric BMW and MINI cars were sold in the first six months.

It also becomes the first luxury car manufacturer in the country to cross the milestone of over 2,000 EV deliveries to date.

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BMW iX is the most popular luxury EV in India with over 1,000 units sold to date, according to the company.

BMW luxury class vehicles registered a growth of over 17 per cent, contributing 18 per cent to total sales.

The BMW X7 was the highest-selling luxury class model.

BMW Sports Activity Vehicles (SAV) contributed 54 per cent to sales, posting a growth of over 24 per cent.

BMW X1 was the most popular SAV with around 19 per cent share in sales.

BMW 3 Series was the highest-selling BMW sedan with a 17 per cent share, the company mentioned.

–IANS

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