Reverse Pitch for AI startups: AI and Humans working in tandem

For businesses to thrive, human intelligence and artificial intelligence (AI) will need to work in tandem

Machine learning is the biggest disruptive tech: AMD CTO Mark Papermaster

• AMD CTO Mark Papermaster on the significance of the chips and shared emerging technology trends
• AMD had in January unveiled 7nm chips aimed at competing with bigger rivals Intel and Nvidia

Fewer Airbus A320neo planes are reporting engine snags

• In India, the biggest market for the A320neo workhorse, retrofits are 95% done

• Pratt narrowed the number of in-flight engine shutdowns in India by as much as a factor of four in January

Cyril Amarchand Mangaldas to set up India's first legal tech incubation centre

• The centre, named ‘Prarambh’, will work with young entrepreneurs to forge new tech-based solutions for the legal industry
• Cyril Amarchand Mangaldas is looking to build an ecosystem of technology and startups around traditional legal areas

InnoVen Capital invests ₹35 crore in Xpressbees in fifth deal this year

• With Expressbees, InnoVen Capital has now invested ₹75 crore in 2019 across five companies
• InnoVen Capital has 4-5 more deals planned for the next couple of months, says CEO Ashish Sharma

Prestige Group plans to sell plotted projects

• Prestige Group plans to develop housing plots and sell individual office units to investors, says CEO Venkat Narayana
• Both the strategies are expected to generate quicker cash flows and attract investors for Prestige Group

Mumbai sees biggest decline in home sizes, rise in affordability

• A house in Mumbai today will cost around seven times the annual household income, against 11 times in 2010
• The size of an average Mumbai property, meanwhile, has shrunk by 24% over the same time period

BSNL employees to intensify strike

• The employees are on a three-day strike that started on February 18
• When contacted AUAB Convenor P Abhimanyu said the union is against disrupting services provided to customers, including banks

SC to pronounce order on Ericsson's contempt plea against RCom chief Anil Ambani

• A bench of Justices R F Nariman and Vineet Saran on February 13 reserved its judgement 
• Reliance Communications (RCom) had told the court they had tried to move "heaven and earth" to ensure Ericsson gets its due

Govt relaxation in startup norms to encourage investments: CII

• The relaxation in recognition of an entity as a startup by increasing the turnover limit to ₹100 crore from ₹25 crore
• The issue of angel tax has been a continuous issue for the overall growth of Indian startup ecosystem and ease of doing business

Jaypee Infra's promoter makes second attempt to settle dues  

• The latest offer comes close on the heels of NBCC and Suraksha group putting in bids for Jaypee Infratech
• In April last year, JAL made an unsolicited offer of around ₹10,000 crore to settle dues of Jaypee Infratech

Karl Lagerfeld, who ruled Chanel design for decades, dead at 85

• German fashion designer Karl Lagerfeld helped set the luxury industry standard for five decades
• Karl Lagerfeld was among fashion’s most prolific couturiers, producing outfits for Chanel, Fendi and his own label

Pantomath, Pi Square tie up to launch ₹400 crore fund

• The India Inflection Opportunity Fund will invest in mature companies, primarily in the manufacturing sector
• The fund plans to raise ₹300 crore, with a so-called greenshoe option of ₹100 crore, based on demand

JSW Cement to invest Rs2,000 crore to take capacity to 20 mt by 2020

• The company is looking at a 70:30 debt-equity ratio the expansion
• Company is also likely to begin the work on the much-awaited initial public offer from this December

TCS partners Nanoheal to provide self-healing device management solutions

• The partnership is aimed at providing an error-free enterprise workspace, says TCS
• Nanoheal will provide smart hands-off tools to automate workspace management operations, drastically reduce resolution time and monitor device performance

Sachin Bansal drives in additional funding for Bhavish Aggarwal's Ola

• Flipkart co-founder Sachin Bansal total investment in Bhavish Aggarwal's Ola now stands at ₹650 crore
• Sachin Bansal as an investor gives Bhavish Aggarwal more leverage in the boardroom battle against SoftBank

Infosys settles case with Sebi, pays ₹34 lakh towards settlement

• Infosys has settled with Sebi a case of alleged disclosure lapses regarding severance payment made to its former CFO
• Sebi had issued a notice seeking to initiate adjudication proceedings against the company in November 2017

Govt removes the devil in angel tax for startups

• Startups with sales of up to ₹100 crore—earlier, the exemption limit was ₹25 crore—would be eligible for angel tax relief
• An entity will be considered a startup for up to 10 years from the date of incorporation, up from the earlier seven years

Indane leaked millions of Aadhaar numbers: French security researcher

• Elliot Alderson, who exposed Aadhaar leaks in the past, has found that Aadhaar data of nearly 6.7 million dealers and distributors have been leaked
• Indane and UIDAI were yet to comment on this data leak

Huawei's founder says world can't live without it

• Huawei has hit back at US efforts to blacklist the company
• Huawei's founder Ren Zhengfei said 'the world cannot leave us because we are more advanced'