Tuesday, 11th August ’20
Good morning, we hope that you liked our revamped version of TMT. If there are any suggestions or recommendations, we’d love to hear from you at team@productround.com. Coronavirus deaths exceeded all communicable diseases fatalities in the past 3 years. Russia is expected to register its vaccine this week. The world hopes that Russia provides the ray of hope we’ve been looking forward to.
Here are some words to live with by Norman Vincent Peale to start your day,
The life of inner peace, being harmonious and without stress, is the easiest type of existence.
🎖 MIND MONK
A research on news reading habits of people revealed from eye-tracking measures that participants were more likely to veer towards negative headlines despite preferring positive news.
Reading bad news everyday does have deleterious effects on our mental health and doing it first thing in the morning sets you back from the get-go. There are a few good practices you can test yourself to see how best to manage to stay abreast without causing self-harm –
Read less negative news and more positive ones instead. Get a more holistic view of the world rather than just a sum of negative headlines.
While reading negative stories it’s often possible to find some good. Focus on the good parts like people rushing to donate blood after a horrible tragedy.
Focus on perspectives from across the political spectrum to avoid living in an echo chamber. A website called five thirty eight has analysis that’s backed by statistics rather than biased opinions.
Stop reading news some days to recharge. Reading about the things that you love, books that leave you feeling great and a great blog like wait but why which provides so much value but is infrequent are plenty consumption for contentment.
💰 MARKETS
Markets: Nifty maintained resistance levels. Vodafone-Idea shares gain over 4% ahead of the decision on AGR dues. Titan reported a quarterly loss of Rs 270 crore. It would be important to closely track US-China trade tension, currency, and crude oil movement. US stocks rise as Trump signs virus relief orders. The Dow Jones Industrial Average was up by 158.4 points. Tech stocks led the decline in European stocks as US-China tensions rise. Factory output data from China indicated a quicker recovery of the economic conditions.
📱 TECHNOLOGY & INNOVATION
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Toshiba has quietly sold its remaining 19.9 percent stake in its Dynabook laptop brand to Sharp, officially exiting the laptop business and the PC business effectively. The T1100 from 1985 is widely considered the first mainstream laptop computer.
Zoomcar has introduced a software stack that will help track driver behavior and vehicle status in real-time to prevent rash driving and curb vehicular damage. The product ‘Zoomcar Mobility Stack’ includes an IoT device that will work across both internal combustion and EVs and is fully hardware agnostic.
Swiggy is set to launch a chain of virtual convenience stores to deliver grocery and household items within 30-45 minutes – serviceable from 7 am to 12 am. It’s offering 2,500 items from its partner ‘dark stores’ which do not have walk-in locations and exist only on its app.
🇮🇳 WHAT ELSE IS COOKING
₹10,000 crore fund of funds for MSMEs to be operational soon: The Fund of Funds Scheme that was announced as part of the ₹20.97 lakh crore Atma Nirbhar Bharat Abhiyan package to support stressed MSME units is to get operational soon. The FOF scheme is intended to help those businesses who are in their nascent and initial stages, where there are almost no prospects to raise funds through the help of professional corporations or venture capitalists.
Retail auto sales dip by 36%: Retail sales of automobiles witnessed a steep 36 % decline in July over last year. Sales across all segments barring tractors report high double-digit decline in July Passenger vehicle sales were down 25%; two-wheeler sales dipped 37%. Retail sales were starkly different from wholesale dispatches by companies. The month of July saw better registrations than June.
Swiggy launches ‘Instamart’, for grocery delivery within 45 minutes, in Gurugram: Swiggy on Monday joined the quick grocery delivery bandwagon by launching Instamart in Gurugram to deliver groceries within 45 minutes and it received effusive praise on social media. The move comes at a time when the coronavirus pandemic has hastened consumer preference for doorstep deliveries, especially in metros. With Instamart, Swiggy will be competing with Amazon Fresh, BigBasket, Flipkart Quick, and Reliance Jiomart.
BUSINESS LOUNGE
The Banking Story
When Bandhan was granted the banking license by the RBI in 2014, it was the first instance of a microfinance enterprise getting the license in India and also the first instance of a universal bank being set up in the East of India since Independence.
Bandhan Bank’s founder and CEO, Chandra Shekhar Ghosh, grew up in a relatively poor household and had to move to Bangladesh in order to complete his education. After a master’s degree in statistics and a stint with an NGO, he arrived in West Bengal and set up the then microfinance service provider called Bandhan Konnagar with 2 lakhs of capital.
Bandhan started as a not-for-profit enterprise providing microloans to the underprivileged sections of the society. It focussed on financial inclusion and women empowerment through sustainable livelihood creation. Bandhan was built on the back of buttressing women entrepreneurs from the marginalized sections and helping create an avenue for enablement.
They acquired an NBFC to scale up their microfinance activities and in 2010 became the largest MFI in India. Bandhan Bank was granted the universal banking license and the then finance minister inaugurated its first branch in Kolkata. On March 27, 2018, Bandhan Bank got listed on the bourses and became the 8th largest bank in India by market capitalization, on the day of listing itself.
TMT VARSITY
Internet of Things(#2)
Internet of Things- Software and Hardware
IoT Hardware
IoT hardware consists of a remote dashboard, devices for control, servers, routing devices, and sensors. These devices manage the key tasks required for the functioning of an IoT system. Major ones among them being
- IoT sensors: These include the accelerometer, gyrometer, magnetometers, etc.
- Wearable Electronics: All smart wearables capable of recording data and transmitting it come under this category. This includes smartwatches, clothing, glasses, shoes, etc.
- Other standard devices: These are the devices responsible for the control of the system remotely and serve as the command center. This includes desktop, tablets, and phones.
IoT Software
IoT software is responsible for data collection, device integration, analytics, and smart application. They do this on the related hardware that includes embedded systems, partner systems, and middleware. The IoT software can lie in any of the following categories:
- Data collection: Software manages the data and is responsible for data collection, integration, and data security. It uses certain protocols for this. This data is transmitted to a central server
- Device Integration: This forms the backbone of the IoT system. The software here allows necessary cooperation and networking between the IoT devices
- Real-time analytics: The data collected is analyzed, interpreted using Machine Learning and advanced tech to bring actionable insights.
- Applications: This enables the IoT system to perform predefined tasks on different devices to put the IoT system into perspective.
Written by Kumar Sourav Mohanty, Akansh Bhatt, and Shashank Dobhal
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