WESTERN DIGITAL
'Kurta is cool': Ola CEO Bhavish Aggarwal urges Indian entrepreneurs to wear Indian dress over western attire
Ola CEO Bhavish Aggarwal recently discussed various topics in an ANI podcast, including digital data ownership and his company's Krutrim AI platform. He advocated for young professionals to wear kurtas, emphasizing their comfort and elegance. Aggarwal also supported Infosys co-founder Narayan Murthy’s advice on a 70-hour workweek, expressing alignment with the commitment needed to succeed in the startup ecosystem.
Clear Cut: Check out Alec Baldwin starrer movie’s trailer, release date, plot, production and cast
Clear Cut follows Jack, played by Clive Standen, who starts a logging job to escape his past. He faces a dangerous team of criminals. Alec Baldwin and Stephen Dorff star in this thriller.
''Hamster'' crypto craze sweeps across Iran, highlights economic malaise ahead of presidential election
During an early June heatwave in Tehran, cab drivers, bikers, and pedestrians tap away on their phones playing the "Hamster Kombat" app, seeking potential wealth amid Iran's economic struggles due to Western sanctions and high inflation. With the upcoming presidential election, Iranians are turning to cryptocurrency and mobile games for hope, despite warnings from authorities about distractions and security risks associated with such apps.
Father’s Day: Netflix movies you can watch with you dad on the weekend
Father’s Day is the perfect time to enjoy some quality moments with your dad. If he has a passion for military history, watching war movies together can offer both entertainment and a deeper appreciation of historic battles.
Data storage cos in a sweat over need to stay cool
Data centers in western and northern India are facing rising operational costs due to soaring temperatures. Firms like Yotta and CtrlS are using alternative cooling methods and renewable energy, while ESDS reports a 10-12% rise in power costs due to erratic grid supply. Several of these data centres are located in New Delhi, Haryana, Noida.
IAMAI view on draft Digital Law not shared by all constituents: four members tell MCA
Four members of IAMAI, including Bharat Matrimony, Match Group, Hoichoi, and ShareChat, express divergent views on ex-ante regulation in the draft DCB to the Ministry of Corporate Affairs.
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Global capability centres go big on hiring gig employees
India's multinational hubs are increasingly turning to hiring contingent workers to meet immediate talent needs while remaining cautious about permanent recruitment due to a bearish global outlook. There has been a significant rise in demand for gig employees in the last six months, with an expected increase of up to 70,000 gig workers in the next six months. This trend allows companies to create a balanced workforce that is agile and cost-effective, with access to specialized skills.
Why there is an urgent need for data centres to go green
Data centres are significant consumers of electricity, using approximately 2% of the world’s power and emitting CO2 that is equivalent to the airline industry, a high carbon intensive business.
BMC sets up expert panel to frame guidelines for billboards in Mumbai
On May 13, a giant illegal hoarding in the city's Ghatkopar area fell on a petrol pump during gusty winds and unseasonal rains, leaving 17 dead so far and over 70 injured. Rakesh Kumar, an ex-employee of National Environmental Engineering Research Institute (NEERI), is the environment expert on the panel, while IIT Bombay's Prof. Avjit Maji, Prof. Nagendra Rao Velaga, besides Prof. Shreekumar from the department of Industrial Design, are other members.
NCLT sets the ball rolling on merger of Reliance's arm Viacom18 and Star India
The merger scheme has two stages: the transfer of Viacom18's TV and streaming assets to Digital18 and the demerger and vesting of these assets from Digital18 to Star India. As consideration for the scheme, Viacom18 will transfer streaming platform JioCinema to Digital18, which will pay the company a consideration of Rs 24,186 crore through an allotment of 24.18 billion fully paid-up shares of Rs 10 each.
From Russia with Love: Why so many Russian women are seeking Chinese husbands
Cybersecurity analysts note a surge in Chinese cyber operations targeting global powers, including the US and India, with the use of AI-generated content for propaganda. Chinese state media's AI-driven series, "A Fractured America," criticizes US societal issues. In Sino-Russian relations, AI-produced deepfake videos feature Russian women expressing admiration for Chinese culture, emphasizing a shift in global dynamics.
Will try to grow better than last year without taking any price hikes: Shankha Banerjee, Dr Lal Pathlabs
We have been consistently saying that our EBITDA margin level would be around what we even see in our delivery in quarter four in the range of 26-27% kind of EBITDA margins, I think that is something which we continue to state is something which we are working towards.
Flipkart maps out India redux; QED’s Nigel Morris interview
Happy Monday! Ecommerce major Flipkart is in discussions to shift its domicile from Singapore to India. This scoop and more in today’s ETtech Morning Dispatch.
Tech giants start to treat SE Asia like next big thing
Southeast Asia transforms into a tech hub, attracting major investments from global tech giants like Apple and Microsoft. The region's young population drives growth in video streaming, online shopping, and AI, positioning it as a key player in the tech industry.
Ola's Bhavish Aggarwal snaps ties with Microsoft Azure in stand against Western tech
Bhavish Aggarwal has criticised LinkedIn for deleting his posts without notification. He also flagged the Microsoft-owned professional networking platform's AI tool for imposing a political ideology on Indian users, emphasising that his opinions cannot be erased. Aggarwal's protests drew support from peers such as Unacademy founder Gaurav Munjal, as well as several other users of LinkedIn.
Indian wear business slows down in times of fast fashion
Bestseller is closing its Indian ethnic wear brand Indifusion due to poor sales and shifting consumer trends. The company, known for western brands like Jack and Jones, bought Indifusion during the pandemic but struggled to understand and operate in the Indian wear market. The decline in traditional wear is part of a broader trend, with consumers increasingly choosing versatile, comfortable clothing for multiple occasions. Fusion wear, combining traditional and modern styles, is growing in popularity, driven by factors like the rise of the female workforce and fashion trends.
India benefiting from growing interest from multinationals: UN report
India's manufacturing appeal to multinationals highlighted in the UN report amid strong investment. Urgency emphasized in achieving Sustainable Development Goals through mobilizing financing to address the 4.2 trillion dollars development gap.
Hiring by global capability centres in India slows amid western disturbances
Mumbai's GCC hiring in India slowed down in FY24, impacted by global uncertainties. Despite high attrition and talent demand, centers took a cautious approach. Experts attributed the slump to a cautious approach by companies since 2023 amid multiple global headwinds - inflation, geopolitical conflict, supply side challenges and high interest rates. Xpheno data show that with 16-18% average attrition, GCCs in FY24 had a gross talent demand for over 250,000 people.
Canon eyes double-digit growth in India this year
Japanese imaging products maker Canon was originally a camera manufacturer. But it has since ventured into a leading imaging and printing firm over the years, serving consumer, small and medium enterprises, business-to-business, and public sector entities.
Kill Joy: Licensing issues disrupt digital content consumption
Eight years ago, when global streaming services like Netflix and Prime Video arrived in India, they promised access to a vast and continuously expanding content library. The “digital video-on-demand” branding created an unrealistic expectation that the content would be universally and permanently available. Over the years, snippets from popular international shows circulating on social media have only fuelled the craving for diverse content. Ironically, this very desire has now shattered the illusion of seamless access as licensing-led curbs increasingly constrain users trying to watch anything and everything in the cloud.
Best WD hard disk drives for data storage and reliability
Explore the pinnacle of the best WD hard disk drives, renowned for their stellar performance and reliability. These drives offer unparalleled data storage solutions, ranging from high-capacity options ideal for vast digital libraries to lightning-fast models optimized for speed. With WD's commitment to quality, users can rely on seamless data management, ensuring their files are secure and accessible whenever needed. Choose WD for top-tier storage solutions you can trust.
China's chip assembly firm JCET to buy stake in Western Digital facility
SanDisk Semiconductor Shanghai makes products such as iNAND flash memory modules and MicroSD components used in telecommunications, automobiles and consumer devices, JCET said in a filing.
India is non-western, not anti-west: EAM Jaishankar
Referring to it, Jaishankar talked about the Ramayana and the statecraft lessons it provides. Jaishankar said there are great diplomats in Ramayana and every Ram requires a Laxman. In Why Bharat Matters, Jaishankar argues while rising powers seek stability, India must plan to rise amidst unpredictability. This process is also exceptional as it representsthe rejuvenation of a civilizational state.
Tombstone’s Remake in 2024: Check out if rumors are true
Rumors were circulating regarding the remake of Tombstone in 2024. A movie poster and a note are doing the rounds on social media indicating its remake. But are these rumors true? Here’s everything to know.
Memory chipmaker Western Digital to split into two companies
The company launched a review of alternatives last year after activist investor Elliott Management disclosed a stake of nearly $1 billion in Western Digital and pushed it to separate those businesses.
Applied Materials to set up an R&D lab in Bengaluru
Officials from Applied Materials have requested the government to expedite the process of issuing pre-construction approvals for the lab. The team also discussed the importance of chemicals and gases needed for the semiconductor ecosystem, and the ease of doing business.
Kioxia, Western Digital speed up merger talks as memory chip demand slumps: report
Japan's Kioxia and US chipmaker Western Digital have been hit hard by plunging market demand and oversupply. Combining their flash memory businesses could boost competitiveness against rivals like South Korea's Samsung Electronics.
Western Digital to bring services back online soon after security breach
Western Digital said it is progressing through the restoration process and majority of the impacted systems and services were operational.
Data centres up focus on going green, but challenges remain
Data centres in India are taking different measures to reduce their environmental impact, with a number of companies focusing on renewable energy, waste management and water conservation. For Bharti Airtel’s Nxtra Digital business, this has involved investing in developing energy-efficient solutions specifically tailored to its needs, which other operators could also use.
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