Technology' Archives - Page 3 of 4

Indian Railways working on technology to achieve Mission 41 K; know what it is

July 31, 2017 Loknath Das41, Achieve, Indian, Is, It, K, Know, Mission, On, Railways, Technology', to, What, Working

Indian Railways is working on technologies that will enable 40% substitution of diesel by compressed natural gas (CNG) in locomotives and nine-zoned solar panels on diesel electric multiple units (DEMUs). The move will help railways achieve its ‘Mission 41K’ target and reduce carbon footprint. The development comes close on the heels of railways flagging off a solar-powered DEMU, a six-coach rake, which is expected to save 21,000 litre of diesel annually, translating to savings of Rs 12 lakh, and also cut carbon emission by 9 tonne per year. Such initiatives are…

Shell plans 400 job cuts at Dutch projects and technology department

July 31, 2017 Loknath Das400, and, at, Cuts, Department, Dutch, Job, plans, projects, Shell, Technology'

Royal Dutch Shell Plc plans to cut more than 400 jobs in the Netherlands, mainly at its major projects and energy technology operations, as the oil giant shifts its business model in response to lower oil prices, according to an internal document seen by Reuters. The world’s second-largest oil company by market capitalization said in a statement responding to questions from Reuters that “approximately 400 (staff) are potentially at risk of redundancy during the last quarter of 2017/first half of 2018”. That represents around a quarter of the roles at…

Technology is killing jobs at Pick n Pay – but that’s not the whole story

July 31, 2017 Loknath Dasat, but, Is, Jobs, Killing, N, Not, Pay, pick, Story, Technology', that’s, The, whole, –

Retailer Pick n Pay said in business and trading statement on Monday that it has removed a chunk of its roles and functions due to improvements in technology, among other things. “Through its work to improve the efficiency and productivity of its workforce, the group identified opportunities earlier this year to remove around 10% of its roles and functions across its Pick n Pay head office, regional structure, store operations and supply chain. “These roles and functions were no longer required due to improvements in organisation, planning and technology,” the…

German carmakers colluded on diesel controls, technology for decades: report

July 24, 2017 Loknath Dascarmakers, colluded, controls, decades:, diesel, for, German, On, Report, Technology'

Another week, another scare from the German car industry. What began with Daimler’s massive recall of more than 3 million diesel cars to lower their emissions, ended on Friday with Audi also embarking on a voluntary recall of 850,000 vehicles. Adding to the spate of bad news was a report in Der Spiegel magazine that the biggest car manufacturers — Daimler, BMW and Volkswagen as well as VW’s Audi and Porsche brands — may have colluded for decades on technology. The companies declined to comment. Shares of BMW, VW and Daimler tumbled on the report, which cited…

Happiest Minds acquires IoT platform Cupola Technology

May 11, 2017 Loknath Dasacquires, Cupola, Happiest, IoT, Minds, Platform, Technology'

Software services firm Happiest Minds Technologies Pvt. Ltd has acquired Internet of Things (IoT) platform Cupola Technology for an undisclosed amount, according to a press statement. “We have found that organisations are rapidly moving from proof of concept to enterprise-wide IoT rollouts. This has brought about the need for a dedicated IoT operations centre with a solution-centric approach,” Sashi Kumar, CEO and managing director of Happiest Minds, said. Bangalore-based Cupola Technology Pvt. Ltd was founded by Ajay Agarwal and Huzefa Saifee in 2011. Agarwal, an alumnus of Indian School of…

Japan to provide $40 million to ADB to back high-level technology

May 6, 2017 Loknath Das40, ADB, Back, high-level, Japan, Million, provide, Technology', to

Japanese Deputy Prime Minister and Finance Minister Taro Aso attends at opening session of the ADB annual meeting in Yokohama, south of Tokyo, Japan May 6, 2017. REUTERS/Issei Kato Japan will provide $40 million to the Asian Development Bank to promote high-level technology as part of efforts to boost quality infrastructure in Asia, Finance Minister Taro Aso said on Saturday. “Japan has been promoting quality infrastructure in Asia in close collaboration with the bank,” Aso told the ADB’s annual gathering in Yokohama. “Enhancing quality of infrastructure in terms of lifecycle…