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(Subscribe to our Today's Cache newsletter for a quick snapshot of top 5 tech stories. Click here to subscribe for free.) Google and Intel have teamed to develop cloud-based solutions for communication service providers to accelerate their deployment of 5G and network edge solutions. The search giant said in a blog post that partnering across the telecommunications stack will help it decrease cost and time-to-market needed for telecommunications industry to shift to cloud-native 5G. It can also open new lines of business for communication service providers as they deliver cloud-native 5G for enterprises, it added. “The next wave of network transformation is fuelled by 5G and is driving a rapid transition to cloud-native technologies,” Dan Rodriguez, VP - Network Platforms Group at Intel said in statement. Under the partnership, Google and Intel will focus on accelerating the deployment of Virtualized RAN (vRAN) and Open Radio Access Network (ORAN) solutions. The two tech ... » Learn More about Google, Intel partner to speed up cloud native 5G deployment

LG Chem , Panasonic Corporation and SK Innovation , which account for more than half of global production are set to benefit from rising battery demand, according to Moody's Investors Service. But a sharp rise in production will pose operational risks and increase the challenge of keeping leverage stable, according to a new report from Moody's Japan KK. "Automakers' compliance with emission standards will increase battery electric vehicle (BEV) and battery production amid tightening carbon regulations," said Motoki Yanase, Moody's Vice President and Senior Credit Officer. The International Energy Agency projects global battery capacity for BEVs and plug-in hybrid vehicles will grow by 24 per cent on a compounded annual basis between 2020 and 2030. "Although this will drive battery makers' production volumes and revenues -- and in turn their profits -- large investments for rapid expansion comes with operational risks and the challenge of maintaining healthy leverage, ... » Learn More about Soaring demand accelerates growth and risks for EV battery makers: Moody’s

Prime Minister Modi on Friday said that the government is committed to strengthening the banking sector , and a clear roadmap has been laid out in the Budget on how to expand the participation of the private sector and strengthen the public sector institutions . “Private enterprises are being promoted wherever possible, still, along with this, an effective participation of the public sector in banking and insurance is still needed by the country,” he said in a webinar on effective implementation of Budget provisions regarding financial services. Modi noted that 10-12 years ago banking and the financial sector in the country was severely harmed in the name of aggressive lending. “Steps have been taken one by one to free the country from non-transparent credit culture,” he said adding that the government’s top priority is to ensure that the depositor as well as investor, experience both trust and transparency. “The old ways and old systems of banking and non-banking ... » Learn More about Government committed to strengthen banking sector: PM Narendra Modi

NEW DELHI: A landslide 20 kilometres west of Nanda Devi , India 's second-highest peak, resulted in a flash flood on Feb. 7 that left more than 200 dead, and swept away two state hydro-electric projects, according to satellite imagery reviewed by Reuters. Avalanches and flash flooding in the Himalayas are common during summer and monsoon months, as melting snow and heavy rains combine. But incidents like this are rare so early in the year, alarming scientists studying climate change that is rapidly heating the world's highest mountains. Scientists are still studying the details of exactly what happened, but said heavy snowfall followed by bright sunshine led to snow-melt in the area. That could have triggered a chain reaction that led to an avalanche and heavy flow of ice, water, rocks and debris surging down the Dhauliganga River valley and destroying villages. While at least 70 bodies were recovered, the state government has formally declared that another 136 people ... » Learn More about Disaster in the Himalayas: how a rare February landslide left more than 200 dead