Ola plans to reduce employee strength by 15-20 percent over the next six months to improve margins ahead of its plans to go public in the next two-three years, according to a report in The Times of India.The majority of cuts would be from the operations team, the paper quoted sources. Ola employs 5,800-6,000 people across group companies and 8-10 percent of them from its electric mobility and financial services businesses would also be re-deployed, besides 350-400 fired.Moneycontrol could not independently verify the report.Close Over the past year-and-a-half, the company already cut its tech team to 150-200 people from 800 and has reduced employee expense to Rs 414 crore from Rs 495 crore. related news Rape, POCSO case probes should be completed in 2 months: Ravi Shankar Prasad to write to CMs, CJs Delhi fire tragedy: building owner and his manager arrested Granting citizenship on basis of religion will reduce India to 'Hindutva version of Pakistan': Shashi Tharoor Since … [Read more...] about Ola to cut staff count as it plans to go public: Report
Going back to school at 30
Viswanath PillaMoneycontrol News Habil Khorakiwala, chairman of Wockhardt on Thursday welcomed the Union Budget 2018 and its emphasis on healthcare spending.Khorakiwala who heads the Rs 4,000-crore turnover Mumbai-based company which is into pharmaceutical and hospitals, however, expressed apprehension over the government's track record of implementation.Close In an exclusive telephonic interview to Moneycontrol, Khorakiwala gave 6.5 points out of 10 to the Budget, said chronic shortage of medicines, lack of infrastructure and skilled manpower could pose challenge in rolling out the ambitious National Health Protection Scheme (NHPS) that aims to provide Rs 5 lakh health insurance to 10 crore poor families. related news 373 infra projects show cost overruns of Rs 3.89 lakh cr Zomato looks to become profitable by end-2020 Five of top-10 most valued firms add Rs 56,877 cr in m-cap Below are edited excerpts of the interviewWhat is your overall view on the … [Read more...] about Habil Khorakiwala welcomes govt health proposals, but cautions against brouhaha
Amid a growing debate over impact of single use plastics on environment, paper offers a sustainable option and can capture a fourth of the Rs 80,000 crore single use plastics market by 2025, if its use is totally banned by the government, a new study said. India generated 26,000 tonnes per day of plastic waste in 2017-18, of that only 60 percent was recycled and the rest ended up as litter on roads, in landfills or streams. Single use plastic industry is close to Rs 80,000 crore right now and growing. Packaging accounts for a third of India's plastic consumption, and 70 percent of plastic packaging is turned into waste in a short span.While uncollected plastic waste poses a huge threat to species on land and in water, single-use plastic bags and styrofoam containers can take up to 1,000 years to decompose, said the study released at the world's largest paper fair, PAPEREX organized by Hyve India, a 100 percent subsidiary of Hyve Group Plc, London, last week.Paper, on the other hand, is … [Read more...] about Paper industry to capture 25% market share of Rs 80,000cr single use plastics by 2025
In clinics around the world, a type of artificial intelligence called deep learning is starting to supplement or replace humans in common tasks such as analyzing medical images. Already, at Massachusetts General Hospital in Boston, “every one of the 50,000 screening mammograms we do every year is processed through our deep learning model, and that information is provided to the radiologist,” says Constance Lehman, chief of the hospital’s breast imaging division. advertisement advertisement In deep learning, a subset of a type of artificial intelligence called machine learning, computer models essentially teach themselves to make predictions from large sets of data. The raw power of the technology has improved dramatically in recent years, and it’s now used in everything from medical diagnostics to online shopping to autonomous vehicles. But deep learning tools also raise worrying questions because they solve problems in ways that humans can’t … [Read more...] about Machine learning could transform medicine. Should we let it?
There are few debates in the startup world more polarizing than whether aspiring entrepreneurs should pursue higher education like a college degree or MBA. advertisement advertisement Peter Thiel, the first investor in Facebook, offers $100,000 each to 20 students every year to drop out of college, or skip it all together. On the other hand Paul Graham, cofounder of Y Combinator, believes trying to start a company before graduating college is generally an awful idea with lifelong ramifications. And while Elon Musk has famously expressed his disdain for MBAs, stating, “As much as possible, avoid hiring MBAs. MBA programs don’t teach people how to create companies,” plenty of business leaders in the startup world tout their MBAs as instrumental to their success. Representing both ends of the higher-ed spectrum are two cofounders of TheTake app–CTO Jared Browarnik left Columbia University before completing his undergraduate studies to cofound TheTake, … [Read more...] about The Case For And Against College According To Two Cofounders