Education on technology

Xiaomi India CFO Sameer Rao, former MD Manu Jain and three banks are said to have received show-cause notice from the Enforcement Directorate (ED). According to an official, the ED has served show-cause notice for FEMA violation of over Rs. 5,551 crore.  The Enforcement Directorate (ED) on Friday confirmed in a tweet that it has issued show-cause notices to Chinese mobile manufacturer Xiaomi, its chief financial officer and director Sameer Rao, former MD Manu Jain and three foreign banks for alleged foreign exchange violation of more than Rs. 5,551 crore. The Adjudicating Authority has issued SCN to Xiaomi Technology India Private Limited, its officials and 3 banks under FEMA on the basis of complaint filed by the ED with respect to illegal remittances made by the company to the tune of Rs.5551.27 Crore. — ED (@dir_ed) June 9, 2023   The adjudicating authority under the Foreign Exchange Management Act has issued show-cause notices to Xiaomi Technology India Private Li...

E-commerce firm Amazon India on Friday signed an agreement with the government's premier agri-research body ICAR to guide farmers enrolled in its 'Kisan store' on scientific cultivation of different crops and help them achieve optimum yield and income. A 'Kisan store' section was launched on the Amazon platform in September 2021. Farmers can avail of doorstep delivery of agri input products via Kisan store through assisted shopping at Amazon Easy stores. The outcomes from a pilot project at Pune between the Indian Council of Agricultural Research (ICAR)-Krishi Vigyan Kendra and Amazon India have motivated to further expand the partnership, the company said in a statement. On behalf of ICAR, U S Gautam, Deputy Director General (Agricultural Extension), and Siddharth Tata, Product Leader, Amazon Fresh Supply Chain, and Kisan, signed the Memorandum of Understanding (MoU). "ICAR will collaborate with Amazon for technologies, capacity building, and transfer of ...

Artificial Intelligence as a technology in its current form is largely task-oriented and not capable of dealing with a situation where logic and reasoning are needed, according to Union Minister Rajeev Chandrasekhar who noted that he does not see any threat to job loss from it. "While AI is disruptive we do not see in the next few years the so-called threat of replacing the jobs. Because of the current stage of the development of AI is very task-oriented and not reasoning, logic and etc," Union Minister of State for Entrepreneurship, Skill Development, Electronics, and Technology said at a press conference here held to highlight the initiatives taken by the Prime Minister Narendra Modi-led government so far. "Jobs usually have reasoning and logic and AI is not as sophisticated at this point," the minister said. On the AI regulation front, he said the government will regulate it taking into consideration the aspects of user harm. "We will safeguard digital ...

General Motors will join Ford in adopting Tesla's North American charging plug standard and give GM electric-vehicle buyers access to the Tesla Supercharger network under an agreement announced on Thursday. GM's move, which follows a similar decision by Ford to embrace Tesla's charging plug standard, means three of the top EV sellers in the North American market have now agreed on a standard for charging hardware. The agreement was announced by GM CEO Mary Barra and Tesla chief Elon Mus k in a Twitter Spaces event. Investors applauded the deal and the prospect of one charging hardware standard for the North American market. GM shares rose more than 4 percent after the bell and Tesla shares rose 4 percent. The alliance among the three leading rival US EV manufacturers has significant commercial and public policy implications. The Biden administration made the adoption of a rival "combined charging system" (CCS) standard a requirement in order for companies t...

Itel S23 was launched in India on Friday as a budget-friendly offering from the Chinese smartphone manufacturer. The latest Itel S series handset comes in two distinct colour options and the phone's display has a waterdrop-style notch. It is powered by a Unisoc T606 chipset, coupled with up to 8GB of RAM and 128GB of inbuilt storage. With the Memory Fusion technology, the onboard memory of the handset can be virtually expanded up to 16GB utilising unused additional storage. It is backed by a 5,000mAh battery that is said to deliver up to 15 hours of playback time with a single charge. Itel S23 price in India, availability Itel S23 price in India is set at Rs. 8,799 for the 8GB RAM + 128GB storage variant and it will go on sale exclusively via  Amazon starting June 14. The pricing of the 4GB + 128GB variant is yet to be revealed by the company, and the handset is confirmed to be available for purchase via retail outlets. The newly launched Itel S23 is offered in Mystery White a...

Meta chief Mark Zuckerberg on Thursday told employees that while Apple's mixed reality gear may be nice, it is not his vision of the future, according to US media reports. Zuckerberg's comments came during the first all-hands gathering at its Silicon Valley campus since the pandemic, and just days after Apple unveiled Vision Pro mixed reality headsets. "I mean, that could be the vision of the future of computing, but like, it's not one that I want," Zuckerberg reportedly said while assessing what he has seen of Apple Vision Pro. "There's a real philosophical difference in terms of how we're approaching this." Meta makes Quest virtual reality headsets and has invested heavily in Zuckerberg's belief that internet life will one day play out in virtual worlds referred to as the metaverse . "Our vision for the metaverse and presence is fundamentally social," Zuckerberg said, according to a transcript of remarks posted by tech news...