BUSINESS
SK Telecom joins AWS to launch 5G edge cloud service
The business-targeted service, named SKT 5GX Edge, provides users ultra-low latency for data-intensive services by connecting to AWS Wavelength Zones installed in SK Telecom's telecommunications offices, making it unnecessary for traffic to go through regional aggregation sites, according to the carrier.
Telegram to start monetising app as it nears 500mn users
Making the announcement in his Telegram channel, Durov said that all the features that are currently free will stay free. Moreover, the platform plans to introduce an ad platform for public one-to-many channels, while all parts of Telegram devoted to messaging will remain ad-free.
Home sales revive, rise 20% in October: PropEquity
Despite the overall growth, the National Capital Region (NCR) was the only major market where the sales decreased by 3 per cent. Other cities including Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai Metropolitan Region (MMR) and Pune saw sales going up by 16 per cent, 3 per cent, 24 per cent, 15 per cent, 35 per cent and 13 per cent respectively.
Ernst and Young to hire 9000 skilled people in AI, ML in India next year
The hiring from the STEM background will be done across all member firms including the global delivery centres, to expand its digital capabilities and help organisations solve their complex end-to-end business transformation challenges, the company said in a statement. EY in India currently has over 50,000 people working in all member firms, including global delivery centres.
Indian economy reviving at unforeseen pace: RBI
The monthly bulletin of the central bank for December said the more evidence has emerged since the last bulletin which shows that the Indian economy is coming out of the Covid-induced slowdown. It noted that economic conditions continued to improve through November 2020 on the back of the uptick in agriculture and manufacturing activity.
RBI cautions against loans given on apps
There have been reports about individuals/small businesses falling prey to growing number of unauthorised digital lending platforms/mobile apps on promises of getting loans in quick and hassle-free manner.
Record number of 11 unicorns created in India in pandemic year 2020
After the COVID-19 pandemic was declared and economies around the world were shut, marquee venture capital firm Sequoia Capital warned of the possibility of a ‘black swan’ like year. However, the large number of funds poured in start-up ventures around the world by leading economies ensured the opposite.
Sensex gains 400 points; metal, banking, oil & gas stocks surge
Around 10.30 a.m., Sensex was trading at 46,867.57, higher by 423.39 points or 0.91 per cent from its previous close of 46,444.18. It had opened at 46,743.49 and has so far touched an intra-day high of 46,912.22 and a low of 46,615.39 points. The Nifty50 on the National Stock Exchange (NSE) was trading at 13,725.85, higher by 124.75 points or 0.92 per cent from its previous close.
CPEC economic zone to generate $1bn investment in Pak's Sindh
Speaking at a conference here on Wednesday, Abdul Azeem Uqaili, CEO of the Sindh Special Economic Zones Management Company (SEZMC), said the total development cost of the Dhabeji SEZ is estimated at $120 million and is being developed under public private partnership mode through an international competitive bidding process, reports Xinhua news agency.
PSU asset monetisation likely to get fillip in Budget FY22
Government's asset monetisation programme involving development and sale of surplus land parcel and other non-core assets of central public sector enterprises (PSEs) is expected to be a big focus of Budget 2021-22 that is constrained to look at various innovative models to mobilise additional resources amidst a Covid-hit economy.
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