BUSINESS APPLICATIONS
Amazon & Google suspending green card applications: Why EB-5 visa a perfect fix for H-1B challenges and tech layoffs
The EB-5 visa program provides stability, job creation, and a streamlined immigration process, making it a reliable alternative for those facing uncertainties in the tech industry. With a direct path to green card status and economic growth opportunities, EB-5 offers a secure pathway to permanent residency.
NCLT allows Zee to withdraw its merger implementation application
NCLT allows ZEE Entertainment Enterprises Limited to withdraw its implementation application related to the merger deal with Sony Group Corp-owned Culver Max Entertainment and Bangla Entertainment.
SOPs for faster sanction of loans, insurance in works
The Centre is collaborating with financial institutions to create a common application form and SOPs for faster sanction of financial services like loan disbursals and insurance under key schemes.
Industry executives a worried lot: Why India-China tensions are equal to a big headache for electronics makers
Indian electronics manufacturers have suffered $15 billion in production losses and 100,000 job cuts due to escalating tensions with China. Visa delays for Chinese executives are hindering the industry's expansion plans, leading to a $10 billion export opportunity loss and $2 billion in value addition loss. Government probes into Chinese companies operating in India have further impacted the sector.
ED searches offices linked to Fairplay app over 'financial fraud'
The Enforcement Directorate (ED) Thursday said it conducted searches on multiple locations in connection with its probe on an offshore illegal betting application, Fairplay. The said app was allegedly involved in illegal broadcasting of cricket matches, including the Indian Premier League (IPL) and various online betting activities including results of recently concluded Lok Sabha polls.
Oracle gains as cloud infrastructure business gets AI boost
Oracle shares surged 9% on Wednesday due to high demand for its cost-effective cloud services for AI applications, potentially adding $28 billion to its $340 billion market value. The company's cloud unit aims to grow by offering affordable cloud computing and storage, competing with Google and Microsoft.
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MediaTek designs Arm-based chip for Microsoft's AI laptops
Last month, Microsoft unveiled a new generation of laptops that feature chips designed with Arm Holdings tech, which provide enough horsepower to run the artificial intelligence applications that executives said were the future of consumer computing. The MediaTek chip is geared toward this effort.
Sebi to hire 49 officers; invites application
Sebi initiated the hiring process for 49 Officer Grade A (Assistant Manager) positions in various departments to enhance regulatory functions.
What will a robot make of your resume? The bias problem with using AI in job recruitment
Establishing guidelines, ethical standards, and promoting transparency in AI decision-making processes are essential for fair recruitment practices. Collaboration between HR professionals and AI developers can lead to more inclusive and equitable hiring processes.
TCS launches GenAI platform WisdomNext
Tata Consultancy Services (TCS) launched the Gen AI platform WisdomNext, aggregating multiple GenAI technologies. The platform helps companies adopt next-gen technology, lower costs, and operate within a regulatory framework.
Taiwan Government invites applications from Indian innovators for the Global Ideathon Contest
The contest encourages participants to explore ideas on how artificial intelligence and technology can seamlessly integrate with human life, with a total prize pool of NT$2.6 million up for grabs.
Jobs that vanish: Stay away from ghost jobs to save time and money
Online job platforms have simplified job searches, but fake or ghost jobs persist, wasting time and effort. Applicants must spot and avoid phantom job postings to prevent demotivation and financial loss.
Despite AI's dominance in tech world, demand for computer science graduates going up. Know reasons
AI is now almost a part of everything, including content writing, coding, chatting, weather prediction, journalism, talent acquisition and much more. However, the interest in studying computer science is not ceasing as universities across different parts of the world are receiving ever-increasing applications for the subject.
Improved hiring sentiment, more job postings in 2024: Report
Job postings on apna.co increased by 31% year-on-year in the first four months of 2024, driven mainly by the e-commerce, BFSI, and hospitality sectors. E-commerce saw a 21% increase, BFSI 17%, and hospitality 13%, with a notable demand for professionals in sales, business development, brand marketing, and customer support. Major companies like Bajaj Finserv, Lenskart, HDFC Insurance, and Aditya Birla led this growth.
HCLTech integrates its GenAI platform with Google Gemini
HCL Technologies announced the availability of its GenAI platform, HCLTech AI Force, on Google Cloud's Gemini models, integrating Google's large language model to drive innovation at scale.
New Zealand is introducing a crucial change in tourist visa applications
Starting June 17, 2024, INZ will require all supporting documents for visitor visa applications to be in English, with certified translations for foreign language documents to streamline processing.
AbleCredit raises $1.25 million in funding round led by Merak Ventures
AbleCredit raised $1.25 million in a seed round led by Merak Ventures to address the credit gap in emerging nations using innovative AI solutions, aiming to process one million loan applications for small businesses.
Paytm withdraws general insurance licence application; to focus on distribution-only model
Troubled fintech Paytm will increase focus on insurance distribution. It had earmarked Rs 950 crore to invest in the entity applying for the general insurance licence but it now expects to conserve that cash. The Noida-headquartered company will focus on distributing small ticket-size insurance products such as life, health, motor, shop and gadgets.
It’ll take time to leverage full potential of GenAI: : TCS’ AI-Cloud biz head
Siva Ganesan, head, TCS’ AI.Cloud business unit told ET that upskilling of the workforce, reimagining core business processes, focusing on return on investments and conforming to regulatory needs are some of the challenges that organisations face with GenAI.
SBI, ICICI Bank, Axis Bank, PNB, AU Small Finance Bank warn customers about banking frauds; different scams, ways to safeguard yourself
Bank frauds: SBI recently issued a warning about a scam involving the distribution of an Android Application Package (APK) to users under the guise of redeeming SBI reward points and the precautions to take. Let us take a look at some of the frauds that big banks in India have been warning customers about and how one can stay safe.
Delays in Schengen visa appointment prompt Indians to change course to Georgia, Japan
For the third consecutive year, delays in Schengen visa appointments have led Indian travelers preparing for their summer vacations to explore alternative destinations. Industry executives note a growing trend of Indian holidaymakers turning to countries like Georgia, Australia, and Japan, which offer simplified visa procedures. Particularly noteworthy is Georgia's e-visa system. According to Rajeev Kale, President of Holidays at Thomas Cook (India), demand for Georgia has skyrocketed by an impressive 600% year-on-year.
To AI or not to AI? Why artificial intelligence deciding your loan application makes regulators nervous
AI & ML are now ubiquitous in banks and financial institutions as it helps the companies improve credit assessment and reduce frauds. Though these models have some risks — and the regulators are rightfully concerned — the good news is these can be resolved without much trouble.
Team India to get a new head coach after T20 World Cup 2024: Who could replace Rahul Dravid? Top contenders
BCCI invites applications for head coach with contenders like Stephen Fleming, Andy Flower, Gautam Gambhir, Justin Langer, and Virender Sehwag. The article covers details on the T20 World Cup schedule and India's squad for the tournament.
Silver looks set to take over glitter from gold
Silver's relative underperformance to gold in the recent rally of both the precious metals and prospects of further gains in industrial metals globally could help silver gain as much as 15-20% from current levels, helping it cross the ₹100,000 per kilogram mark over a one-year horizon, said experts. The precious metal, also a key industrial input, is currently at ₹84,984 per kg on the MCX.
Developers spending more time firefighting issues than delivering innovation: Cisco survey
The pressure on developers to rapidly deliver new features is compounded by the constant need to assist SREs and IT operations in ensuring application performance and availability.
Mastering data analytics for business
IIT Delhi's Certificate Programme in Data Analytics equips professionals with practical skills through immersive learning experiences. The program emphasizes academic excellence, hands-on learning with real-world datasets, and industry recognition, preparing participants for data analytics roles.
Decoding why Amazon & Google suspended green card applications
Amazon and Google have reportedly paused green card applications due to increased difficulty in the process, as reported by TOI. According to Business Insider, both companies stopped accepting PERM applications in 2023 and may not resume them soon. Alphabet-owned Google and Amazon halted the certification process in 2023. Google employees have been informed that the company will not restart PERM processing until at least Q1 2025, as per a memo from a current employee. Similarly, Amazon announced it would pause new PERM filings throughout 2024.
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