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New Delhi [India], June 13 (ANI): Mumbai and New Delhi are among cities in India that recorded a sharp annual increase in their <keyword id="6354553" type="General" weightage="100" keywordseo="real-estate" source="Orion">real estate</keyword> prices in the first quarter of 2024, according to a report by London-headquartered global property consultancy firm <keyword id="6363605" type="General" weightage="20" keywordseo="Knight-Frank" source="Orion">Knight Frank</keyword>. In case of Bengaluru, the average real estate prices witnessed a modest 4.8 per cent rise in prime residential or luxury homes during the January-March quarter of 2024. According to the report by the property consultant, titled '<keyword id="22041946" type="General" weightage="20" keywordseo="Prime-Global-Cities-Index-Q1-2024" source="Orion">Prime Global Cities Index Q1 2024</keyword>', Mumbai's significant rise on the international index was largely due to the rise in demand in the city. While the demand has been strong for all segments, there has been a rise in the sale of higher value products. Mumbai recorded the third highest year-on-year growth in prime residential prices in Q1-2024, pushing it up the ranking table by three places to 3rd position from its 6th position in Q1-2023. Delhi NCR rose from 17th rank in Q1-2023 to 5th in Q1-2024 with a growth of 10.5 per cent on a yearly basis. However, Bengaluru observed a slight decline in ranking from 16th place in Q1-2024 to 17th rank in Q1-2024, even while it recorded a 4.8 per cent yearly growth in residential prices. India's main cities, notably New Delhi and Mumbai, have witnessed a surge in house prices driven by robust economic growth, with annual GDP growth exceeding 8 per cent in the just concluded financial year 2023-24. Manila, the capital city of Philippines, claimed the top spot in the ranking with a 26.2 per cent annual rise in prices. The growth, as per the Knight Frank report, can be attributed to two key factors: purchasing power, and substantial infrastructure investments within and around the city. Tokyo in Japan jumped 17 places up with 12.5 per cent yearly price growth and ranked 2nd in the index. Despite Japan's overall population decline, Tokyo sustains a net population growth owing to migration from other regions within the country. Shishir Baijal, Chairman and Managing Director at Knight Frank India said, "The strong demand trend for residential properties has been a global phenomenon, led by gateway markets of Asia- Pacific and EMEA (Europe, Middle East, and Africa)." "Like its peers in these regions, the improved rankings of Mumbai and New Delhi on the Prime Global Cities Index was underscored by the resilience in sales growth volume. We expect the momentum of sales to remain stable over the next few quarters as the economic conditions are likely to remain broadly unchanged." The Prime Global Cities Index is a valuation-based index tracking the movement of prime residential prices across 44 cities worldwide. The index tracks nominal prices in local currency.

Mumbai, Delhi record real estate price appreciation in double digits; Ranked 3rd and 5th globally

Top 10 richest people in Asia in 2024

The world is talking about AI and many companies are investing in the emerging technology to keep up in the race. <keyword id="19912297" type="General" weightage="100" keywordseo="Nvidia" source="keywords" meta.keywordsubtype="org" meta.entityname="Nvidia" meta.hostid="261" meta.entityid="Nvidia">Nvidia</keyword> has been a frontrunner in the AI race and often unveils new tools to give its users AI superpowers and make their lives easier. On Thursday (September 26), Bangalore played host to NVIDIA’s <keyword id="23343330" type="General" weightage="20" keywordseo="GeForce-RTX" source="keywords">GeForce RTX</keyword> AI PC tour. The event highlighted the transformative power of AI in gaming, creativity, content creation and beyond. The tour also offered a first-hand experience of how NVIDIA’s cutting-edge GeForce RTX technology is setting new benchmarks for AI-powered computing. <h2>AI-powered NPCs with ACE</h2> NVIDIA highlighted its <keyword id="22863636" type="General" weightage="20" keywordseo="Avatar-Cloud-Engine" source="keywords">Avatar Cloud Engine</keyword> (ACE), a game-changing solution that allows developers to integrate lifelike generative AI models into their games. Using this technology, non-player characters (NPCs) in games can engage in intelligent, dynamic conversations with players. The tour demonstrated ACE in action, with two upcoming titles—Mecha Break from Amazing Seasun Games and Legends by Perfect World Games—showing off how ACE can create more immersive and personalised gaming experiences. The demo highlighted how AI-powered NPCs could be the next big thing in gaming and once more developers are on board, gamers might be able to enjoy this experience on many new titles. <h2>NVIDIA Omniverse Audio2Face and <keyword id="21731033" type="General" weightage="20" keywordseo="DLSS-3-5" source="keywords">DLSS 3.5</keyword> </h2> The GeForce RTX AI PC Tour wasn’t just about gaming—it also underscored NVIDIA’s commitment to fostering creativity. NVIDIA Omniverse Audio2Face stole the spotlight by demonstrating how simple audio input can be used to generate detailed facial animations and lip-sync for characters. This technology, popular among video game developers, allows for the creation of ultra-realistic characters with minimal effort, opening up new possibilities for animators and game designers. For gamers, DLSS 3.5 with ray reconstruction was a focal point, particularly in the highly anticipated title Star Wars: Outlaws. This AI-driven technology enhances the game’s visuals by using deep learning to upscale lower-resolution images in real-time, providing ultra-smooth gameplay and photorealistic graphics even on mid-range GPUs. NVIDIA’s Reflex technology also made an appearance, reducing system latency and making games feel more responsive—a key benefit for players seeking a competitive edge. John Gillooly, NVIDIA’s Technical Product Marketing Manager for Asia Pacific South, was on hand to demonstrate the practical applications of these technologies. He shared that the company’s GeForce RTX AI systems are designed not only to enhance gaming but also to empower industries such as content creation, research, and more. <h2>Comfy UI for generating images and <keyword id="23343331" type="General" weightage="20" keywordseo="ChatRTX" source="keywords">ChatRTX</keyword> for writing</h2> Nvidia also showcased ComfyUI, a popular Stable Diffusion app for generating images using AI. The AI-based image generator can turn selfies into superhero avatars in seconds, thanks to the lightning-fast processing power of RTX GPUs. Another demo that caught attention was of ChatRTX, a personalised AI chatbot that leverages NVIDIA’s retrieval-augmented generation (RAG) and TensorRT-LLM to deliver contextually relevant answers. Running entirely on a user’s RTX PC, ChatRTX offers a fast, secure chatbot experience that works without the need for an internet connection—ideal for users concerned about privacy and data security. <h2>About GeForce RTX <keyword id="20930704" type="General" weightage="20" keywordseo="AI-PCs" source="keywords">AI PCs</keyword> </h2> At the core of NVIDIA’s latest offerings are Tensor Cores, the AI accelerators that form the backbone of all GeForce RTX GPUs. These dedicated cores are designed to handle a wide range of AI tasks, from advanced game mechanics to content creation, academic research, and more. With over 100 million GeForce RTX and NVIDIA RTX GPUs already in users’ hands worldwide, the event underlined NVIDIA’s leadership in AI-powered computing, showcasing how its technology enables over 500 AI applications and 370 AI-enhanced games. Another standout revelation from the event was NVIDIA’s assertion that GeForce RTX-equipped PCs can deliver between 200 to 1,300 trillion operations per second (TOPs) in AI performance. This is a staggering leap, far surpassing laptops with traditional neural processing units (NPUs), which typically max out at just 45 TOPs. The event also highlighted NVIDIA’s broad compatibility with leading open-source large language models (LLMs), including Google Gemini, Llama 2, and OpenAI Whisper. These integrations allow GeForce RTX systems to serve a wide range of AI-driven applications, from content creation to conversational AI tools, further underscoring the versatility of the technology.

Nvidia hosts Geforce RTX AI PCs showcase in Bengaluru, top AI tools to look forward to

<ul><li>Delhi NCR is the 10th most expensive commercial real-estate market, followed by Mumbai.</li><li>Hong Kong SAR continued to be Asia’s most expensive office market.</li><li>Bengaluru also made it to the list at the 22nd position with an annual rent of $20.5 per square foot.</li></ul>Three Indian cities — Delhi, Mumbai and Bengaluru — are among the most expensive commercial real estate markets in the Asia-Pacific (APAC) region, according to a recent report by property consultancy firm Knight Frank. These markets may get even more expensive as the rents of commercial properties in these cities are expected to rise in the next 12 months. Hong Kong SAR continued to be Asia’s most expensive office market with an annual rent of $175.4 per square foot per year. India’s national capital Delhi NCR is the 10th most expensive commercial real-estate market in the APAC region, with an annual rent of $51.6 per square foot. Delhi was followed by India’s financial capital Mumbai in the eleventh rank, as the commercial property rents stood at $45.8 per square foot per year. Bengaluru also made it to the list at the 22nd position with an annual rent of $20.5 per square foot. The rental value in all three cities is expected to increase over the next 12 months as transaction volumes are expected to pick up going forward, the report added. “The Indian office market witnessed (a) strong leasing trend that continued into Q2 2022 with Bengaluru leading in transaction volumes. With its unique position, India can expect its key driving sectors such as IT/ ITeS to continue to grow despite global headwinds,” Shishir Baijal, chairman and managing director, Knight Frank India said. A report by <a href="https://www.businessinsider.in/business/news/as-people-move-back-for-work-rents-rise-by-12-across-cities-says-report/articleshow/92983097.cms">online property rental platform NoBroker</a>, released last week, also revealed that about 71% of respondents of NoBroker’s Rent Report have already moved to their work cities, while 54% are looking to relocate within the city or to the city they work in the near future. These relocation activities in the last six months have caused a property crunch in cities like Bengaluru, Mumbai and Pune, the report added. Saurabh Garg, co-founder and chief business officer of NoBroker, noted that the dearth of available property and rising demand had increased the rents by 12% across cities. SEE ALSO <a class="tout-title-link" href="https://www.businessinsider.in/business/corporates/news/it-is-attrition-rates-and-not-the-wage-hikes-dampening-indian-it-cos-earnings/articleshow/93120202.cms">It is attrition rates and not the wage hikes dampening Indian IT cos earnings</a> <a href="https://www.businessinsider.in/stock-market/news/tata-steels-net-profit-declines-in-q1-on-the-back-of-rising-raw-material-costs/articleshow/93116879.cms">Tata Steel’s net profit declines in Q1 on the back of rising raw material costs</a> <a href="https://www.businessinsider.in/business/startups/news/need-more-than-35-say-swiggy-workers-who-threaten-strike-against-new-policies/articleshow/93114671.cms">Need more than ₹35 say Swiggy workers who threaten strike against new policies</a>

Delhi, Mumbai & Bengaluru — Asia-Pacific’s most expensive property markets, set to get pricier

The <keyword id="619512" type="General" weightage="50" keywordseo="bihar-health-department" source="Orion">Bihar Health Department</keyword> detected a suspected case of <keyword id="7616951" type="General" weightage="100" keywordseo="monkeypox" source="Orion">monkeypox</keyword> in Patna's Gurhatta locality on Tuesday. The victim is a woman and a team of health officials have collected her samples for testing. According to an official, the woman has all symptoms of monkeypox and is currently under home isolation. "We have taken the samples of the patient and sent them for testing. She is under home isolation now and a team is monitoring her health," he said. Previously, one case of monkeypox had been detected in <keyword id="66" type="General" weightage="20" keywordseo="delhi" source="Orion">Delhi</keyword> and three in <keyword id="28504" type="General" weightage="20" keywordseo="kerala" source="Orion">Kerala</keyword>. Therefore, the Bihar's Health Department is on high alert and has asked medical and nursing staff, ANMs (auxiliary nurses and midwifes), and Asha workers to be prepared. The nureses, midwives and Asha workers were specially asked to keep a tab on high density areas and inform the department as soon as symptoms of the disease is detected in any patient. The <keyword id="6356311" type="General" weightage="50" keywordseo="world-health-organisation" source="Orion">World Health Organisation</keyword> has declared monkeypox a global health emergency after over 16,000 cases of the infection appeared across 65 countries. Monkeypox is either transmitted from animals to humans or from human to human. The virus generally enters the human body through mouth, nose, eyes and skin lesions of an infected person. SEE ALSO : <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/sensex-nifty-slide-nearly-1-pc-on-losses-in-it-banking-shares/articleshow/93138579.cms">Sensex, Nifty slide nearly 1 pc on losses in IT, banking shares</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/delhi-mumbai-bengaluru-asia-pacifics-most-expensive-property-markets-set-to-get-pricier/articleshow/93138823.cms">Delhi, Mumbai &amp; Bengaluru — Asia-Pacific’s most expensive property markets, set to get pricier</a>

Suspected case of monkeypox in Patna

Domestic firms will <keyword id="6356112" type="General" weightage="100" keywordseo="lease" source="Orion">lease</keyword> an estimated 60-65 million square feet of <keyword id="181150" type="General" weightage="20" keywordseo="office-space" source="Orion">office space</keyword> between 2024 and 2025, according to <keyword id="20060150" type="General" weightage="20" keywordseo="cbre" source="keywords">CBRE</keyword> South Asia's report, '<keyword id="19895063" type="General" weightage="20" keywordseo="india" source="keywords">India</keyword> Inc's Ascension - The Rise of Domestic Firms as an Office Demand Driver'. Domestic companies have been responsible for nearly 47 per cent of office leasing activity from 2022 to H1 2024, marking a departure from the traditional dominance of global corporations, particularly American firms. During 2022-2023, domestic firms experienced a 60 per cent surge in office space absorption compared to the pre-pandemic period of 2018-2019. Key occupier groups have secured significant spaces in prime locations across major cities, with <keyword id="19913115" type="General" weightage="20" keywordseo="delhi-ncr" source="keywords">Delhi-NCR</keyword> leading, followed by <keyword id="6354321" type="General" weightage="20" keywordseo="bengaluru" source="Orion">Bengaluru</keyword> and Mumbai. E-commerce and life sciences companies have driven occupancy in Bengaluru and Hyderabad, respectively, while Mumbai has captured a substantial 43 per cent share of domestic <keyword id="19910880" type="General" weightage="20" keywordseo="bfsi" source="keywords">BFSI</keyword> leasing, with strong contributions from Delhi-NCR and Chennai. The report attributes the robust growth of India's office market to several factors, including government initiatives like Make in India and the <keyword id="19952889" type="General" weightage="20" keywordseo="production-linked-incentive" source="keywords">Production Linked Incentive</keyword> (PLI) Scheme. These programs, along with increased domestic manufacturing, employment generation, and a well-capitalized banking sector, have created a supportive environment for business expansion. Other contributing factors include low corporate leverage ratios and improved access to capital, which have enhanced the investment capacity of Indian companies. India's talent pool, with approximately 2.5 million STEM graduates and a thriving start-up ecosystem featuring over 100 unicorns, has also been a major driver of growth. With over 38 sector skill councils, the government's focus on bridging the skill gap is preparing domestic firms for future demands, further bolstering the office leasing sector. Flexible space operators, technology, and BFSI sectors have emerged as the primary drivers of office leasing, collectively accounting for two-thirds of all domestic activity. The RCA sector, which includes legal, taxation, HR, and media services, is also playing a significant role in boosting domestic leasing. Additionally, Indian engineering and manufacturing firms, which currently represent 7-8 per cent of domestic office leasing, are expected to expand into <keyword id="20270212" type="General" weightage="20" keywordseo="tier-ii" source="keywords">Tier-II</keyword> and Tier-III cities, which are emerging as manufacturing hubs. Anshuman Magazine, Chairman and CEO, India, Southeast Asia, Middle East &amp; Africa, CBRE, said, "India's rapidly expanding start-up ecosystem and talent abundance are major drivers of this demand. As India's major urban centers continue to grow and diversify, the demand for premium office spaces will shape the future of the commercial real estate market, setting new standards for innovation and excellence. He added, "India's top nine cities are poised to see an impressive addition of ~185 million sq. ft. of premium office space by 2026. This dramatic increase in office space is a testament to several key factors driving the transformation of the commercial real estate landscape". Ram Chandnani, Managing Director, Advisory and Transaction Services, CBRE India, said, "Advances in technology, especially artificial intelligence (AI), are poised to further transform the office sector. While AI may cause job displacement in some areas, it will also create new opportunities and necessitate comprehensive workforce reskilling. The surge in workforce needs, driven by digitalization, evolving workplace strategies, and enhanced business confidence, has substantially boosted leasing activity."

Domestic firms to lease 60-65 million sq ft office space by 2025: CBRE report

Mumbai (Maharashtra) [India], June 26 (ANI): Kolkata's iconic Eden Gardens and Mumbai's famous Wankhede stadium are likely going to host the semi-final matches of ICC ODI World Cup 2023 as per sources in ICC. The ODI World Cup 2023 will be played in India from October 5 to November 19, the Eden Gardens in Kolkata and the Wankhede Stadium in Mumbai are all set to host the semi-finals of the showpiece event. The host of the 1987 World Cup Eden Gardens, which was won by Allan Border's led Australia will host one of the semi-final matches while the Wankhede stadium, which hosted the final of the 2011 ODI World Cup, won by Mahendra Singh Dhoni-led side India will host the other semi-final while Ahmedabad's Narendra Modi stadium is going to host the final match. The sources also confirmed Ahmedabad, Bengaluru, Chennai, Delhi, Dharamsala, Guwahati, Hyderabad, Kolkata, Lucknow, Mumbai, Pune and Thiruvananthapuram as the 12 cities to host ICC ODI World Cup matches. Over the course of 46 days, 48 matches, including three knockout games, are scheduled to be contested. The league matches are likely to be held in 10 cities, with two more cities hosting warm-up games before the main event. A day before the official announcement of the schedule in Mumbai the ICC Men's Cricket World Cup Trophy Tour 2023 has been launched on a stratospheric scale, giving fans around the world a unique opportunity to interact with the coveted trophy, ahead of the marquee event in India. The Tour was launched in spectacular fashion, with the ICC Men's Cricket World Cup Trophy being launched into the stratosphere, 120,000 feet above the earth, before making a stunning landing at the Narendra Modi Cricket Stadium in Ahmedabad. The 2023 edition of the Trophy Tour will be the biggest by far, giving the fans a chance to connect with the coveted piece of silverware in various countries and cities around the globe. Starting on June 27, the ICC Men's Cricket World Cup Trophy will travel to 18 countries around the world, including Kuwait, Bahrain, Malaysia, USA, Nigeria, Uganda, France, Italy, the United States of America and the host country India. The first full-scale Trophy Tour since 2019, the 2023 edition will provide cricket fans around the globe with a chance to recreate the celebratory and carnival atmosphere witnessed during the marquee event. The Trophy Tour will begin on June 27 in India, travel around the globe and then return to the host nation on September 4.

ICC World Cup 2023: Kolkata, Mumbai likely to host semifinals

Agoda, a digital travel platform, has revealed the top trending holiday destinations today, as international travel is slowly regaining popularity. Explorers are dusting off their suitcases and getting ready to celebrate the holiday season after a two-year hiatus. Indians are increasingly crossing borders to satisfy their wanderlust and seek new experiences. According to Agoda Booking Data, the top five current preferences are South-East Asian countries such as <keyword id="11905404" type="General" weightage="100" keywordseo="thailand" source="Orion">Thailand</keyword>, <keyword id="8692" type="General" weightage="80" keywordseo="indonesia" source="Orion">Indonesia</keyword>, and <keyword id="6356662" type="General" weightage="80" keywordseo="singapore" source="Orion">Singapore</keyword>, as well as European destinations such as France and Switzerland. Indians are looking for scenic views, rich culture, and places where they can enjoy the best of both worlds (mountains and beaches). Interestingly, Thailand, Indonesia, and Singapore have consistently topped the list of top destinations, and they were also the most popular pre-pandemic destinations [2019 Booking Data]. Domestic travel booking data show that the lively metropolises of New Delhi, Mumbai, Bangalore, and <keyword id="12864" type="General" weightage="80" keywordseo="chennai" source="Orion">Chennai</keyword> are the most popular choices within the country. It is unsurprising that <keyword id="826" type="General" weightage="80" keywordseo="goa" source="Orion">Goa</keyword> remains a strong contender, ranking alongside the bustling metropolises as the ideal beach destination for unwinding. Bangkok will be the world's most populous city in 2022. The bustling city has embraced the holiday season, offering nightlife, beaches, temples, culture, and cuisine, with almost entirely relaxed travel rules. Other Asian treasures that make the top five are Jeju Island, Kuala Lumpur, Tokyo, and Seoul. Top Global Destinations in 2022: . Bangkok . Jeju Island . Kuala Lumpur . Tokyo . Seoul . Singapore . Bali . Pattaya . Manila . Penang . Hong Kong . Busan . Osaka . Johor <keyword id="14515210" type="General" weightage="80" keywordseo="bahru" source="Orion">Bahru</keyword> . <keyword id="582547" type="General" weightage="80" keywordseo="taichung" source="Orion">Taichung</keyword> "We are seeing an increase in international travel this year as travel restrictions ease, demonstrating that people have been looking forward to travelling internationally again for the past two years." Travellers are making the most of their vacations and are eager to visit both domestic and international Asian destinations." "Reliving memories as well as going back to places travelers once enjoyed seems to be the theme this summer. At Agoda, we strive to enable even more people to travel by providing best-in-class travel options both on the website and app, with great deals on accommodation, and flights along with great things to do as travel continue to get back to normal," said Omri Morgenshtern, CEO, Agoda. Summer travel facts: . Indian travellers are excited to re-visit Thailand, followed by Indonesia, Singapore, France and Switzerland this summer holiday season . Bangkok is the top <keyword id="119132" type="General" weightage="80" keywordseo="asia-pacific" source="Orion">Asia Pacific</keyword> destination for both US and UK travellers, and ranks in the top three spots globally for all regions . Singaporeans are visiting neighbour Malaysia the most followed by Thailand and Indonesia . Australians are the biggest international travelers to Bali, followed by Singaporeans, Koreans, and Indian travelers . American travellers' top three Asia Pacific destinations are Bangkok, Manila and Tokyo

Travel platform reveals that Thailand, Indonesia, and Singapore are top destinations for Indians this summer

<ul><li>Hotels in <keyword id="826" type="General" weightage="100" keywordseo="goa" source="Orion">Goa</keyword> earned a revenue of ₹9,000 per room, followed by <keyword id="6358070" type="General" weightage="50" keywordseo="mumbai" source="Orion">Mumbai</keyword> and <keyword id="66" type="General" weightage="50" keywordseo="delhi" source="Orion">Delhi</keyword>. </li><li>There was a considerable increase in hotel reservations across all six major cities — Delhi, Goa, Mumbai, Chennai, Bengaluru and Hyderabad. </li><li>This growth is driven by weddings and meetings, incentives, conferences and exhibitions (MICE), and business travel. </li></ul>Goa is <keyword id="3658" type="General" weightage="50" keywordseo="india" source="Orion">India</keyword>’s favorite hotel destination with the best occupancy rates and earnings per room, a survey conducted by <keyword id="14677312" type="General" weightage="50" keywordseo="jll-hotels-group" source="Orion">JLL Hotels Group</keyword> revealed. India witnessed a 244% demand increase in hotels across six major cities — Delhi, Bengaluru, Chennai, Goa, Hyderabad and Mumbai in the second quarter of 2022, according to Hotel Momentum India Report 2022. This growth is driven by weddings and meetings, incentives, conferences and exhibitions (MICE), and business travel. “The stellar performance of the hospitality sector over the past few months has boosted confidence levels of hotel owners and operators. This is further amplified by the return of the business traveler. Investors’ gaze has returned to the sector,” Sanjay Sethi, CEO of Chalet Hotels. All six key markets continued to witness a year-on-year growth in revenue per available room (<keyword id="1995892" type="General" weightage="50" keywordseo="revpar" source="Orion">RevPAR</keyword>) in the second quarter of 2022 as compared to last year, the report revealed. Goa remained the leader in RePAR, with a 54% increase in hotel occupancy levels. The average daily rate of hotels in Goa was the highest in India, at over ₹9,000. Mumbai was second with an occupancy rate the same as Goa and RevPAR of ₹8,000. Delhi was at the third place with each room generating a revenue of over ₹6,000. Bengaluru saw the steepest increase in RevPAR in Q2 2022, with a 660% growth compared to the same period in the previous year. “As business travel and corporate off-sites continued to grow, summer holidays offered a further impetus to the overall demand resulting in a renewed confidence in the sector. We expect this momentum to continue over the next few quarters on the back of long weekends, festivals, weddings, events, and business travel evenly contributing to this growth story,” said Jaideep Dang, managing director - hotels and hospitality group, <keyword id="52011" type="General" weightage="50" keywordseo="south-asia" source="Orion">South Asia</keyword>, JLL. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/machine-learning-and-statistics-are-the-most-important-skills-required-for-data-science-jobs-in-india-says-report/articleshow/93455981.cms">Machine learning and statistics are the most important skills required for data science jobs in India, says report</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech-buying-guides/best-tech-gifts-for-your-sisters-this-rakhi/articleshow/93455849.cms">Best tech gifts for your sisters this Rakhi</a>

Goa hotels recorded the best occupancies and earned more too says report

<ul><li>The Grow with Google initiative has trained 50 million people in Asia Pacific to date.</li><li>Google said that it will continue to make ad credits available to small businesses in Asia Pacific, as part of a broader, $340 million global commitment. </li><li>Google said it is focusing on three areas: Expanding direct support for small businesses, helping people get <keyword id="1458566" type="PERSON" weightage="20" keywordseo="digital-skills">digital skills</keyword> for the <keyword id="46126" type="ORGANIZATION" weightage="20" keywordseo="economic-recovery">economic recovery</keyword>, and working to make the recovery inclusive.</li></ul>The Grow with Google initiative has trained 50 million people in Asia Pacific to date, empowering small businesses and jobseekers who are facing uncertainty and looking for digital skills training to help them increase their economic potential, the company announced on Thursday. Google said that it will continue to make ad credits available to small businesses in Asia Pacific, as part of a broader, $340 million global commitment. "We'll keep adding new forms of support across all our tools and platforms. But where we believe we can make the biggest, most sustained impact is in digital skills," said Scott Beaumont, President, Asia Pacific. For example, Krishne Tassels, an ornamental tassels company led by a husband and wife from Bengaluru, has been able to weather the <keyword id="8902449" type="UNKNOWN" weightage="20" keywordseo="covid-19-pandemic">Covid-19 pandemic</keyword>. When the pandemic began to affect their operations, owners Raghu and Amita developed a new kind of lace that customers can stitch themselves, then uploaded YouTube tutorials to show them what to do, keeping sales up and building a sense of community at the same time. "Every day, I hear more stories like this one, testifying to the resilience and ingenuity of family business owners across the region. We want to help them adjust and succeed as Asia's economies reopen," said Beaumont. While its economic impacts have been widespread, Covid-19 has cast an especially harsh light on entrenched inequalities around the worldincluding in Asia Pacific. "Not everyone in the region has the same access to the opportunities the internet creates, and we're determined to help change that," said the company. Google said it is focusing on three areas: Expanding direct support for small businesses, helping people get digital skills for the economic recovery, and working to make the recovery inclusive. Earlier this week, backed by funding from Google.org and support from ASEAN, <keyword id="5257777" type="COMPANY" weightage="20" keywordseo="The-Asia-Foundation">The Asia Foundation</keyword> announced a new grassroots programme that will bring skills training to 200,000 people in marginalized communities across Southeast Asia.

'Grow with Google' trains 50 million people in Asia Pacific

<ul><li>The company said in a statement that it "had to take the tough decision to let go 150 of our team members".</li><li>The platform offered a severance package of two months to the laid-off employees, with two weeks per year served at the startup.</li><li>According to the company, it caters to more than 30 million users in over 300 cities with over 2,000 coaches.</li></ul>Leading AI health and fitness platform <keyword id="2698623" type="General" weightage="100" keywordseo="healthifyme" source="Orion">HealthifyMe</keyword> has sacked at least 150 employees as the company's growth did not "keep pace with expectations and hiring". The company has a physical presence in Bengaluru, Delhi, Mumbai, Chennai and Singapore. The company said in a statement that it "had to take the tough decision to let go 150 of our team members". "Like much of tech, growth hasn't kept pace with expectations and hiring," the company added. The platform offered a severance package of two months to the laid-off employees, with two weeks per year served at the startup. "As a part of our severance and support to those impacted, we will offer 2 months' salary severance with 2 weeks per year served at HealthifyMe, vested stocks till March 2023, and medical insurance continuance till June 2023, along with counseling and outplacement support," said the company. According to the company, it caters to more than 30 million users in over 300 cities with over 2,000 coaches. The <keyword id="2534058" type="General" weightage="20" keywordseo="healthtech" source="Orion">healthtech</keyword> platform in July this year raised $75 million (nearly Rs 560 crore) in a Series C round led by <keyword id="15700419" type="General" weightage="50" keywordseo="leapfrog-and-khosla-ventures" source="Orion">LeapFrog and Khosla Ventures</keyword>. The company aimed to use the funds to expand in <keyword id="3658" type="General" weightage="50" keywordseo="india" source="Orion">India</keyword> and <keyword id="53564" type="General" weightage="50" keywordseo="southeast-asia" source="Orion">Southeast Asia</keyword>, make inroads into <keyword id="6378080" type="General" weightage="50" keywordseo="north-america" source="Orion">North America</keyword> as well as to acquire relevant companies in the digital health and fitness space. "We are already the market leaders in India and Southeast Asia and by combining AI and human empathy, we can deliver results in weight and lifestyle disease management at a fraction of the cost possible today," Tushar Vashisht, Co-founder and CEO, HealthifyMe, had said in a statement. While HealthifyMe's base has been India, it has been expanding internationally and now nearly 25 per cent of its revenues come from outside the country like Malaysia and Singapore, it had said in July. The company had also said to hire over 1,000 trainers and coaches this year. "We are also undergoing an evolution with our new vision around metabolic health (HealthifyMe 2.0) which requires different resources. In view of this and changing market dynamics, it made sense for us to steer toward profitability, despite a comfortable runway," the company spokesperson said in the latest statement. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/entertainment/news/ayushmann-khurranas-doctor-g-set-for-ott-debut-on-netflix/articleshow/95995391.cms">Ayushmann Khurrana's 'Doctor G' set for OTT debut on Netflix</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/expect-nifty-to-end-the-december-series-on-a-positive-note-reach-a-target-of-18900-19000-says-r-venkataraman-of-iifl-securities/articleshow/95992944.cms">Expect Nifty to end the December series on a positive note, reach a target of 18,900-19,000, says R Venkataraman of IIFL Securities</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/dharmaj-crop-guard-ipo-how-you-can-check-the-allotment-status/articleshow/95992589.cms">Dharmaj Crop Guard IPO : Here’s how you can check the allotment status</a>

HealthifyMe sacks about 150 employees, says growth didn't keep pace with hiring

Mumbai, Mar 27 () The airport industry is expected to report USD 5.6 billion loss in the first quarter following a traffic volume loss of about 1.5 billion passengers in the Asia-Pacific region due to prolonged duration of coronavirus outbreak, Airports Council International said on Friday. "Taking into account the rapid developments, ACI estimates place the first quarter loss in Asia-Pacific in the range of USD 5.6 billion, almost double earlier estimates, a large portion of which comes from the contraction in traffic as well as non-aeronautical revenue."The impact on the Middle East will generate a loss of approximately USD 1 billion for the first quarter and at least double for the full year," the global grouping said.Airports Council International (ACI) Asia-Pacific has also revised the revenue forecast for 2020, according to which the revenue impact on the aerodromes in the APAC region is expected to the tune of USD 23.9 billion and USD 5.75 billion for the airports in the Middle-East region.The impact on revenue is irrespective of the airport size, it said in a release.Stating that a large portion of the losses is expected to come on account of contraction in traffic as well as non-aeronautical revenue, it said the impact on the Middle East will generate a loss of approximately USD 1-billion for the first quarter and at least double for the full year.The airport industry in Asia-Pacific and the Middle East employs more than 63 per cent of aviation industry jobs, which include airport management, maintenance, and security to retail outlets, food and beverage and duty-free concessionaires, according to the grouping.ACI-Asia Pacific also urged governments across the APAC region to swiftly implement relief measures to safeguard airport employment and connectivity. The crisis is impacting airports of all sizes. Analysis of preliminary weekly passenger data from January to the middle of March at 12 major hubs in Asia-Pacific, handling around 22 per cent of traffic in the region, show the increasing traffic deterioration, culminating in an average decrease in traffic by more than 80 per cent by the second week of March compared to the same period in 2019, it said."The updated analysis paints an extremely challenging picture for our airport members who have already burnt through about 10 per cent of total yearly revenues in just three months. Every passenger lost by an airline is equally a passenger lost by an airport."Relief measures are needed now for the sake of the entire aviation sector's resilience to save jobs and allow economic recovery," said Stefano Baronci, Director General of ACI Asia-Pacific.Legislators have to carefully balance survival and revival measures, addressing both the urgency of short-term needs with smart initiatives that will also facilitate a strong recovery down the road. Several governments are still pondering which measures to apply as the crisis unfolds. ACI Asia-Pacific strongly advocates for policy measures that benefit all parties of the aviation sectors without prejudice in favouring airlines, Baronci added.A number of small airports in the region, those defined by handling less than one million passengers per year, are also heavily affected by the crisis, as per ACI-Asia Pacific.The role played by airport networks in several countries in Asia-Pacific and the Middle East will be essential to enable the long-term social and economic benefits of connectivity. ACI Asia-Pacific recommends dedicated funding to keep these small airports operating and ensuring their economic sustainability, it added. IAS BAL

Airports in Asia-pacific region stare at $5.6 billion loss in first quarter: ACI

<ul><li>Uber’s India business will now come under the Europe region.</li><li>Uber’s Asia Pacific business head <keyword id="30126" type="PERSON" weightage="20" keywordseo="Amit-Jain">Amit Jain</keyword> has resigned and will be replaced by Pierre-Dimitri Gore-Coty, who currently heads Europe, Middle East and Africa. </li><li>Jain had been appointed Uber’s India head in 2015 and subsequently APAC head in 2018.</li></ul>Days before the $100-billion IPO, Uber’s Asia Pacific business head Amit Jain has quit and Pierre-Dimitri Gore-Coty will now take over. Gore-Coty was running the company’s businesses in Europe, the Middle East and Africa. With this move, Uber’s India business will now report to Europe, instead of the current headquarters of the APAC region – Singapore. Amit Jain had started out his journey in <keyword id="2502101" type="PERSON" weightage="20" keywordseo="Uber-India">Uber India</keyword> heading the country’s operations. “After four great years, Amit Jain will be leaving Uber at the end of May to spend time with his family before taking the next step in his career. I’m excited that Pierre-Dimitri Gore-Coty, one of our most experienced leaders, will take responsibility for our Asia Pacific Rides business,” Barney Harford, Uber’s Chief Operating Officer, said in an official statement. The truth is, Uber has struggled with multiple problems in India – starting from a driver being accused of<a href="https://www.ndtv.com/india-news/uber-rape-case-high-court-upholds-life-term-of-convict-1916959"> rape i</a>n the National capital to nationwide protests from consumers and drivers alike. At least one in every 10 Uber rides globally, occur in India. However, the revenue from the country is less than a percent of the company’s total global turnover. That tells the story of the tremendous challenges that the company faced in the world’s fastest growing economy, <a href="https://inc42.com/buzz/uber-india-increases-revenue-20x-in-fy18/">India</a>. While India may have been the first country where Uber introduced its pay with cash option, it took a long time to do so. It’s India rival Ola had started accepting cash and debit card payments long before Uber did. Moreover, Ola got into an expansion mode much faster than Uber did – while also offering Indians many more benefits like Ola Play (entertainment, movies on the go). By the time UberEats hit the road, it was already behind homegrown Zomato and <a href="https://www.businessinsider.in/ubers-ipo-filing-in-the-us-cites-ola-zomato-and-swiggy-as-threats-to-its-india-business/articleshow/68882407.cms">Swiggy.</a> Driver dissatisfaction has been another problem that Uber has had to deal with in India. However, this is a problem that is common to all cab aggregators in India. “The drivers were given a great promise and that hasn't be justified in terms of the earnings they are getting and they are stuck in that rut now. One of the biggest sufferers of this lessening of incentives is the banks. There's repossessions of cars happening. But you'll find that the government will bring in more regulation for sure,” N Chandramouli, the chief executive of Mumbai-based TRA Research, a business advisory and brand insights firm said in an <a href="https://www.thenational.ae/business/uber-faces-challenges-in-india-1.715657">interview</a> in The National, a Middle East daily. Faced with similar challenges, Uber pulled out of China in 2016 and Southeast Asia in 2018 and decided to focus on India. In China, Uber sold its business to Chinese giant Didi Chuxing while in Southeast Asia it sold to Grab – for a 27.5% stake. Jain had been appointed as Uber India head in 2015 and last year he went on to head the APAC business. Harford further added that Pierre will now work with the APAC teams to unlock opportunity markets such as Japan and South Korea. Destination: Wall Street It’s been a busy 2019 for Uber so far, as the company filed for IPO which is reportedly set to be the biggest one seen in recent times. The expected valuation of the San Francisco-based company is set to hit $100 billion. The company has continuously stated that its India business is crucial for them. In its IPO, Uber’s India business was mentioned plenty of times. It currently Uber runs 30 million cars in India and India was also the first country where Uber allowed consumers to pay in cash, and then followed it up with other countries. See Also: <a href="https://www.businessinsider.in/ubers-ipo-filing-in-the-us-cites-ola-zomato-and-swiggy-as-threats-to-its-india-business/articleshow/68882407.cms">Uber’s IPO filing in the US cites Ola, Zomato, and Swiggy as threats to its India business</a> <a href="https://www.businessinsider.in/uber-ipo-filing-reveals-it-is-under-investigation-for-improper-payments-in-india/articleshow/68905292.cms">Uber IPO filing reveals it is under investigation for ‘improper payments’ in India</a>

Uber loses its Asia Pacific head Amit Jain on its way to Wall Street

<ul><li>Metro Manilla was named as the most congested city among 278 cities in Asia. </li><li>Benguluru is the fifth most congested city in Asia. </li><li>Surprisingly, <keyword id="6358070" type="LOCATION" weightage="20" keywordseo="mumbai">Mumbai</keyword> — which witnesses the worst traffic flow in the world — did not make it to the top 10. </li></ul>Traffic jams across the world are rising in number and intensity. It is costing countries time as well as money. In India, Delhi, Mumbai, <keyword id="6354925" type="LOCATION" weightage="20" keywordseo="kolkata">Kolkata</keyword> and Bengaluru together ends up <a href="https://qz.com/india/1255427/traffic-jams-in-delhi-mumbai-bengaluru-and-kolkata-alone-cost-india-22-billion-a-year/">losing $22 billion</a> a year because of traffic jams. According to a report by Asian Development Bank Metro Manilla was named as the most congested city among 278 cities in Asia. And, four of the top ten most congested cities in the list were Indian. Surprisingly, Mumbai — <a href="https://www.businessinsider.in/mumbai-is-dealing-with-the-worst-traffic-congestion-in-the-world-and-delhi-is-on-fourth-rank/articleshow/69672314.cms">which witnesses the worst traffic flow in the world</a> — did not make it to the top 10. “Cities experiencing more severe congestion may have invested more in road networks, but the networks remain far from sufficient to alleviate congestion,'' said a report by Asian Development Bank (ADB). ADB compiled the data for 278 cities using night-time lights images from the National Oceanic and Atmospheric Administration, grid population data from LandScan Datasets of the Oak Ridge National Laboratory and trip routes from Google Maps. Here are the 10 most congested cities in Asia — <div type="Slideshow" msid="71590388" hostid="261" title="These are the 10 most congested cities in Asia" firstImageMsid="71590466" slideCount="10"></div>

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