Engineer.ai Over Tech

Sachin Duggal said, the company Engineer.ai never claimed to “automated software development,” they’ve always preferred the term “human-assisted AI.” The company has laid stress on being transparent to customers, investors and anyone they’ve interacted with.

The engineer.ai business model of human-assisted AI is designed to “remove any repetitive processes from the ‘build, run & scale’ journey.” platform-matching work is an important part of the process. AI and other technologies are an important part of the work, but the talent, capacity partners, have an equally important role to play. “The company will always be a human-assisted AI company as this partnership provides unique solutions that the customer needs,” it adds.

Duggal, in an exclusive interview to Inc42, said “they never got a chance to explain themselves before the report was released. I offered the person to meet me personally when I came to Delhi, but it never happened.”

The official statement, released last night, reads, “we (the founder and the team) offered to meet with the WSJ six times.  This, unfortunately, was never taken up; and we were never provided with documents to comment on. Many of our answers, which dispelled several of the allegations, were excluded from the reporting.”

The company also claims that they were asked to share “trade secrets” on record over a phone call, which was not possible for the company as their patent application is still in making.

The company has also highlighted the factual inaccuracies in the WSJ report that accused the Engineer.ai of lying to the investor about having developed 80% of the platform. Sharing a slide form its technical due diligence slide-deck which was shared with the investors before their investment, the company clarified that it has never lied to any of the investors. The company has always maintained, it has developed 40% of the platform, and was working on 20%.

Read More at INC42.com

BSNL to also go in for tariff hike next month Dec 2019

New Delhi: State-owned Bharat Sanchar Nigam (BSNL) is reviewing its mobile tariff plans and will raise prices from December 2019, following the hikes announced by private telecom carriers.

Owing to a tariff hike by Reliance Jio in its voice and data packages, rival companies Vodafone idea and Airtel said they would increase tariff with effect from December this year 2019.

“We are presently examining our voice and data tariff and will increase it from December 1, 2019,” a senior BSNL official, who does not wish to be identified, told ET. However, the person didn’t elaborate on the quantum of the proposed hike but added that it would be conveyed to the subscribers in the coming weeks.

Earlier this week, Vodafone IdeaNSE -4.96 % and AirtelNSE -2.72 % said they would increase tariff with effect from December this year following sectoral stress. The move by the two telcos was followed by their arch-rival Reliance Jio, which on Tuesday said that it would also raise its tariff in the next few weeks if directed by the regulator.

In October, the Centre cleared a Rs 74,000-crore revival package for the two loss-making public-sector telecom companies BSNL and Mahanagar Telephone Nigam, but analysts said it might not be enough to make the two competitive.

A tariff hike, however, would help the ailing state-run telco bring in additional cash flows at a time when its revenues are on a continuous slide due to unavailability of fourth generation services, said analysts.

“It will not be a bad move from the consumer perspective. Since Jio’s entry in 2016, tariff and industry revenue were down,” said Rajiv Sharma, head of Institutional Equity Research, SBICAP Securities.

~engineer.ai

Read More at https://economictimes.indiatimes.com/industry/telecom/telecom-news/bsnl-to-also-go-in-for-tariff-hike-next-month/articleshow/72152929.cms

Wipro growth 31% in Q3

 Wipro profit at Rs 2544 cr in Q3, 31% growth

IT services company Wipro recorded a consolidated profit of Rs 2,544.5 crore, with an increase of 31.8 percent during the October-December, 2018 quarter. According to the filing given in the Bombay Stock Exchange (BSE), Wipro has also approved the issue of bonus shares. Under this, a bonus share will be given on every three shares of Wipro (Wipro). The company's profit during the October-December, 2017 quarter was Rs 1,930.10 crore in the same period a year ago.

Revenue of 14555 crores

Wipro CEO and Executive Director Abid Ali Z Neemuchwala said, "With the help of strategic investment, this quarter has been satisfactory for us from enterprise modernization and digital transformation." There have been gradual revenues increase from the IT Services Segment of the company during the quarter ended December, But it increased by 1.8 percent to Rs 14,555 crore, which is $ 204.65 million.


The company will issue bonus shares in the ratio 1: 3

Wipro is expected to remain between $ 204.8 million and $ 208.8 million from the IT services business in the March quarter, which could be 2 percent higher on a sequential basis. Filing said, 'Bonus equity share will be released in the proportion of 1: 3. This means that a bonus equity share of 2 rupees will be given for the three full-fledged paid-up equity shares. For this, you have to get permission from board members.

BSNL is launching 35 Gb daily data plan

BSNL has launched a new broadband plan, which has been introduced for both new and old customers. According to the plan, customers are given data benefit of just 2.18 per GB rate. The price of this new plan is Rs 2,295 and it is being given 35 GB data daily with speed of 24Mbps. After the 35 GB data limit is over, the user can run the internet with the speed of 2Mbps. The main feature of this plan is that it includes Unlimited Local and STD Calling. The plan is present in all circles except Andaman and Nicobar.

This new 35Gb plan of BSNL comes at the price of Rs 2,295 per month. But, customers can get discounts on their annual payment. For this, customers will have to do a payment of Rs 22,950, which is a total of 10 months' fee. Customers can get two months free on payment of one year at a time. Not only this, but the company is also offering two and three yearly payment options. Under which customers will have to pay Rs. 43,605 and Rs. 64,260 respectively.

BSNL is providing unlimited downloads and uploads in the new plan. Apart from this, an email ID is also being provided free of charge in the plan with the customer 1 GB of storage. On the written application, BSNL is also giving Static IP address at a rate of Rs 1,800 per year.

This plan directly indicates that the company is gearing up for the launch of Reliance Geo GigaFiB. It is reported that under the launch offer of Geo Broadband Service, customers will get 100 GB data per day.


~Abhay Lodha

Tinder will soon start a new feature

Dating App Tinder is very popular among young people. The new feature in this app is going to start. Soon, users will be able to share music on this platform. For this, Tinder has joined hands with the music streaming service provider Spotify. Through this, users can also share music while chatting with their matches. This feature is currently being tested. Foreign Tech Website TechCrunch said in its report, "Tinder has already prepared a very strong platform for chatting, allowing its users to share photos, gifs, and emozies. Tinder users can also like the message of their match. Now the company is also adding new features, which will allow music to be shared through Spotify. However, Tinder has been late enough to offer this service. Tinder's rival, Dating Bomble, started the facility of sharing music through Spotify in 2016. However, Tinder has not said anything about this widely presented feature. In General, "Those People who like to love music, have a better chance to talk through Tinder. 

~Abhay Lodha

Know about Azim Prem ji

Azim Premji was born on July 24, 1945 in a Gujarati Muslim family of Mumbai. Azim Premji has once been the wealthiest person in the country. He is known as Bill Gates of India. According to Forbes, American business magazine, Azim Premji has been the richest person of India from 1999 to 2005. In the family of Azim Premji, wife Yasmin and two children are Rishad and Tariq. Rishad is employed in Wipro only.Azim Premji is the chairman of IT company Wipro Limited. Wipro has one million thirty thousand employees in the world and has branches in 54 countries. Wipro headquarters is located in Bangalore.In 1966, Father M.H. from Premji's head. After the rise of Premji, he had to leave his studies in the middle.At the age of 21, he took his family business into his hands.When Rayji took over the business, his company Western India Vegetable Product Company made hydrogenated vegetable oil at that time.

Under the leadership of Premji, Western India Vegetable, which produces soap-oil, took the form of Wipro and along with various products, Wipro has made a special mark in the IT sector.  Premji believes that the excellence of international standards in quality, cost and delivery should be considered and  as long as we do not go above those standards do not take rest.

~Abhay Lodha