US asked to train more people on AI

ArcelorMittal said it was pulling out of the purchase of Italian group Ilva after Italy's parliament removed a legal protection deemed crucial to undertake key environmental work without criminal liability. Ilva's Taranto site is at the centre of a legal case in experts said of the 11,550 people who died in the area, 7,500 were killed by diseases linked to toxic emissions.

Dr Reddy's Laboratories, which initiated a voluntary recall of ranitidine from the US market following the FDA investigation into the reported carcinogenic impurity in the drug at low levels, has said it made Rs 40 crore towards provisioning, anticipating market impact. The drug maker in a filing with bourses had said the recall had began on October 1.

The reduction in GST rates have started working for the hospitality industry, with nine out of top 11 markets seeing better performance in terms of revenue per available rooms (RevPAR) and average daily rates (ADR).

According to JLL’s Third Quarter Hotel Momentum India (HMI) report, nine out of top cities witnessed a rise in RevPAR performance during the JulySeptember 2019 period.

Bengaluru was the leader in RevPAR growth as it saw 12.4 per cent year-to-date rise and 11 per cent growth in Q3 over the same period last year. Gurugram witnessed 11.9 per cent YTD and 9.5 per cent Q3 growth. Hyderabad, too, saw 11.1 per cent and 6.9 per cent growth, respectively.

RevPAR is arrived at by dividing a hotel's total guestroom revenue by the room count and the number of days in the period. ADR is calculated by taking the average revenue earned from rooms and dividing it by the number of rooms sold.

Eight of the top 11 cities witnessed an increase in ADRs in Q3 2019. Bengaluru witnessed 7.9 per cent growth in ADR in

Q3, Hyderabad 6.9 per cent and Gurugram 5.6 per cent over the same period last year. At 2.4 per cent, Gurugram was the leader in occupancy growth for Q3

2019. Government had recently reduced GST from 28 per cent to 18 per cent for premium and luxury hotels with room tariffs of Rs

7,500 and above. For hotels with tariffs below Rs 7500, the GST rates were brought down from 18 per cent to 12 per cent. This had mainly contributed to the growth in RevPAR across top Indian markets. Ahmedabad and Goa have been the only exception to the trend.

“First nine months of the year (January-September

2019) have been exciting for the entire industry,”said Jaideep Dang, Managing Director, Hotels and Hospitality Group, India, JLL. “The industry is hopeful that a similar momentum will be maintained in

2020 as well,” he added. In Q3, the country witnessed a total of 36 hotel signings, comprising 2,867 keys as compared to 35 hotels comprising of 3,422 keys in the same quarter last year. Upscale and midscale hotel brands contributed the maximum to the signings.

Domestic hotel operators dominated signings over International operators with the ratio of 67:33. In line with an overall increasing trend, 15 per cent of new signings were conversions of old hotels.

Tata Power Co. Ltd, in collaboration with the Rockefeller Foundation, plans to develop 10,000 microgrids in India to boost access to affordable and reliable electricity to homes and enterprises across the nation's vast rural areas.

Tata Power will set up a new unit, TP Renewable Microgrid Ltd, to build the microgrids through 2026 that will serve nearly 5 million homes in the countryside and impact 25 million people, the two organisations said in a joint statement on Monday. The venture will become the world's largest microgrid developer and operator,

Ajay Piramal said he plans to resign as Chairman of Shriram Capital, the Indian nonbank finance company they said.

The plan "represents important scaling up of efforts to provide access to affordable, reliable and clean electricity in India, and will serve as a model for expanding access to more than 800 million people who are without power worldwide," they said in the statement.

Typically, each of the microgrid projects cost Rs 40 lakh to Rs 50 lakh, but a final cost is still being worked out, Tata Power's Managing Director Praveer Sinha said in an interview in New Delhi on Monday.

The initiative will be controlled and operated by Tata Power, while the Rockefeller Foundation will provide technical backed by South Africa’s Sanlam Group, as he works to sell his stake in Shriram’s parent group.

“I will step down in due course as I do not have much role in Shriram Capital,” Piramal said in a recent interview in

Washington, Nov. 5: US government funding in artificial intelligence has fallen short and the country needs to invest in research, train an AIready workforce and apply the technology to national security missions, an independent governmentcommissioned panel said in an interim report on Monday.

The National Security Commission on Artificial Intelligence raised concerns about the progress China has made in this area. It also said the US government still faces enormous work before it can transition AI from “a promising technological novelty into a mature technology integrated into core national security missions.”

The commission thinks an allied effort on AI in expertise, according to the statement. As the venture progresses, Tata Power will have more partners on board, Sinha said.

Though the government said in March it brought power connections to almost all homes, reliable power continues to elude citizens in rural communities. That's partly because distribution utilities tend to lose money due to power theft and poor billing, resulting in regular supply curbs to contain those losses. That also leads some homes and enterprises to source energy from diesel generators, an expensive and polluting option, or forgo grid-connected power entirely.

Mumbai. He share details.

The Shriram Group is urging Piramal to continue as chairman even if he doesn't hold any shares, founder R Thyagarajan said by phone. declined to the realm of national security is important, Robert Work, vice chairman of the NSCAI and a former deputy secretary of defense, told reporters. The NSCAI has spoken with Japan, Canada, the United Kingdom, Australia and the European Union, Work said.

China is investing more than the United States in AI, said the report, which referred to the Asian nation more than 50 times.

“China takes advantage of the openness of US society in numerous ways - some legal, some not - to transfer AI know-how,” the report said, at a time of heightened tensions between the countries.

A spokeswoman for China’s embassy in Washington did not immediately return a request for comment.

Bengaluru, Nov, 4: India's largest airline IndiGo said on Monday its flights and check-in systems were running normally, after an hourslong outage hit operations at airports, leading to long queues and hassling passengers.

IndiGo said earlier its systems had been down across the network since Monday morning.

"Our system is up now but has disrupted operations across the network," IndiGo said in a Twitter post, adding that it was working to bring operations back to normal.

The outage added to passenger woes as dozens of Indian flights already faced delays or cancellations on Monday, according to reports, due to a decline in visibility because of air pollution shrouding New Delhi, home to the country's busiest airport.

Hassled travellers affected by IndiGo's outage posted pictures on Twitter of long lines at check-in counters at major airports.

"IndiGo says systems down and huge queues till outside the main entrance gates in Mumbai T2. Chaos," one user with the handle @Sathyantweets said in a tweet, referring to Terminal 2 at Mumbai's airport.

IndiGo, owned by Interglobe Aviation, is the country's largest carrier with a nearly 50 per cent share of the domestic market.

Interglobe Aviation's shares fell 0.3 per cent in Mumbai, while shares in rival airline SpiceJet Ltd went down 2.7 per cent.

— Reuters