By Rahul MunjalNew Delhi: Last two decades have seen phenomenal growth in India’s infrastructure and power sectors. However, the economic philosophy and financing instruments that drove this transformation has run their course and a fresh impetus is needed to sustain the momentum. India’s RE sector is no exception to this risk of slow down. Various structural issues have caught up with the India’s once booming sectors and for power and RE sector, it is the health of DISCOMS. As on date accumulated losses of discoms along with regulatory assets have reached INR 1.65 lakh crores and trade payables are above INR. 4 lakh crores. Several schemes to address this issue have been to no avail. Although the package of Rs. 90,000 crores under ‘Atmanirbhar Bharat’ by Central Government is in the right spirit, it is grossly inadequate to relieve the financial stress on Discoms, which in any case are facing challenges in servicing debt.The alternatives for discoms … [Read more...] about OPINION: Atmanirbhar power sector and India’s GDP
Power bank good brand
By Sreeraman ThiagarajanWhat do you think of when you picture humans talking to their devices and using voice to command machines? If you are like most of us, you are probably imagining a futuristic Star Trek like scenario where man-machine interactions occur as if by magic. But the reality is quite different, because voice-enabled assistants are already a part of our everyday lives, and while there is a fair bit of technical wizardry needed, none of it involves undertaking voyages to distant planets. Back on earth, at my home, the voice-enabled Google Assistant has quickly become a familiar presence, and my dad, wife and son turn to it for help, multiple times a day. Appa, who can’t see too well without his reading glasses, calls out to the Google Assistant on his phone every time he needs to access some information without having to type. My son can’t seem to get over his curiosity and keeps asking the Assistant about astronomy and math, and I usually call out to ask for … [Read more...] about Indian consumers are using voice technology to get things done. Brands are you listening?
Vodafone Idea has recently announced their new brand. With this it is curtains for Vodafone & the Idea brand as we know it. While the companies merged 2 years back, the brands continue to co-exist all this while. For VIL, while moving to a single brand was the logical way to go, given the costs of maintaining, nurturing and growing both brands, I personally lament the sunsetting of the wonderful brands - Vodafone and Idea. The brands have evolved from a very different business environment in the telecom domain and have seen it all and I have been fortunate to have witnessed this evolution from the trenches! Read Also: Vodafone and Idea launch integrated brand identity ViThe brands blossomed and matured for their respective owners in the heydays of telecom. This was the time when the telecom customers enrolled in big numbers – driven by shrinking tariffs and expanding network. This was supported in no small measure by the brilliant advertising the brands produced. For many … [Read more...] about Homage to two great brands – Idea & Vodafone
Cyber security has been of great importance in the financial sector. It has become necessary since the very foundation of banking lies in nurturing trust and credibility. The panel talks about Indian banking sector making a shift to digital and with hacker's targeting more banks now, how the CISOs in this vertical will enhance their security stance.Need to embed security into the designSays Siddharth Vishwanath, Partner,Cyber Advisory Leader, PWC, “The pandemic has moved us to look way past all the shifts that were going on across the industry, be it any theme from mobile banking to integrated banking products. Cloud adoption is one thing everyone has been talking about. There has been a reasonable degree of adoption across all sectors.”“Organisations that have a multi cloud environment require end to end view and flow of the data. Clouds do provide inbuilt security but the accountability of securing what's on cloud still remains a concern for CISOs,” Vishwanath … [Read more...] about Securing what’s on cloud still remains a concern for banks’ CISOs
banking sector, it is imperative for banks to transform their workforce to become digitally flexible and agile. The HR panel at ETBFSI Converge discussed the impact on the workforce with digitization, automation, and emergence of fintechs. Constraint: The mother of Innovation and changeRajkamal Vempati, Head HR, Axis Bank, says that the interface of man and machine is here to stay and that India’s third largest private sector bank has seamlessly adopted digitisation. “One of the things that as an organisation we're learning is that with changing needs of customer demographics and their behaviour, banks are at a unique place of merging data and technology. People tend to focus on the front end changing but during the journey we also see the bankend and mid-off changing. Under the window of covid 19, organisations have doubled their efforts in digitisation.” Vempati believes that constraint has been the mother of innovation and change. “ We have done digital … [Read more...] about Accelerating workforce transformation to help banks stay competitive