Dr M Khalid's global village blog

Latest figures are a clear sign that India's IT cos are succeeding at 'non-linear' growth, where revenues rise disproportionately compared with hiring The industry is estimated to have required 16,055 engineers to generate every additional $1 billion of export revenue in 2015-16, compared with 31,846 engineers in 2009-10, a near doubling of the efficiency with which labour is employed. http://tech.economictimes.indiatimes.com/news/corporate/automation-raises-indian-it-cos-productivity-firms-like-infosys-tcs-likely-to-see-lower-hiring/52034801

Global shipments of smartphones shrank 3% in the first quarter from a year earlier in the market's first year-on-year contraction on record, researcher Strategy Analytics said, reflecting growing strains on the industry. Strategy Analytics said in a statement January-March shipments fell to 334.6 million devices from 345 million in the same period a year earlier, as major markets such as China matured and concerns about the global economy weighed on consumer sentiment. Ref   http://tech.economictimes.indiatimes.com/news/mobile/global-smartphone-market-shrank-annually-for-first-time-in-q1-strategy-analytics/52024601

page moved to https://financeschool2000.blogspot.com/2023/01/why-nps-is-not-good-investment.html

Speech by Prime minister of bhutan Tshering Tobgay: This country isn't just carbon neutral -- it's carbon negative watch video of the speech  https://www.youtube.com/watch?v=xCLZT5m6jaA

Good initiative by government of Telangana state, India. Posters put up in the city to guide for water harvesting.

https://www.youtube.com/watch?v=8fCFltpgKjQ

Cybercriminals are targeting people using Apple products as they are more likely to have disposable income, a security expert has warned. Apple has not taken any substantial steps in this regards OR at least has not publicized it ! Blogger Graham Cluley said that while malware was more common on Windows, Apple customers could not "afford to be lackadaisical" about security. On Monday, he reported a text message scam that tried to trick people into handing over account information. Apple's support site warns customers not to enter details on spoof sites. The text message scammers sent out alerts to victims' smartphones, claiming their Apple ID accounts were going to expire. The message encouraged people to visit a fake website where they were asked to enter their account information. "It tried to grab personal information and credit card details with the aim of committing identity theft," said Mr Cluley. Ref: BBC http://www.bbc.com/news/technology-36033314 Al...

Saudi Arabia is getting ready for the twilight of the oil age by creating the world's largest sovereign wealth fund for the kingdom's most prized assets. Over a five-hour conversation, Deputy Crown Prince Mohammed bin Salman laid out his vision for the Public Investment Fund, which will eventually control more than $2 trillion and help wean the kingdom off oil. As part of that strategy, the prince said Saudi will sell shares in Aramco's parent company and transform the oil giant into an industrial conglomerate. The initial public offering could happen as soon as next year, with the country currently planning to sell less than 5 percent. It may sound a fairly ok 'business continuity plan' but a strong conglomerates take decades to take shape. So will the Saudi plan play out smoothly and fulfill the aims? http://www.bloomberg.com/news/articles/2016-04-01/saudi-arabia-plans-2-trillion-megafund-to-dwarf-all-its-rivals