Slashdot Mirror
Domain: livemint.com
Stories and comments across the archive that link to livemint.com.
Stories · 7
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Facebook Forced To Block 20,000 Posts About Snack Food Conspiracy After PepsiCo Sues, Says Report (gizmodo.com)
An anonymous reader quotes a report from Gizmodo: There is a rumor that Kurkure, a corn puff product developed by [Pepsico] in India, is made of plastic. The conspiracy theory naturally thrived online, where people posted mocking videos and posts questioning whether the snack contained plastic. In response, PepsiCo obtained an interim order from the Delhi High Court to block all references to this conspiracy theory online in the country, MediaNama reports. Hundreds of posts claiming that Kurkure contains plastic have already been blocked across Facebook, Twitter, Instagram, and YouTube, according to LiveMint, and the court order requires social networks to continue to block such posts. According to MediaNama, PepsiCo petitioned for 3412 Facebook links, 20244 Facebook posts, 242 YouTube videos, six Instagram links, and 562 tweets to be removed, a request the court has granted. PepsiCo's argument is that these rumors are untrue and defame the brand -- though it's evident that a number of the posts are satirical in tone, poking fun at the rumor rather than earnestly trying to spread misinformation. -
56,000 Layoffs and Counting: India's IT Bloodbath This Year May Just Be the Start (qz.com)
An anonymous reader quotes a report from Quartz: For Indian techies, 2017 was the stuff of nightmares. One of the top employment generators until a few years ago, India's $160 billion IT industry laid off more than 56,000 employees this year. Some analysts believe this spree was worse than the one during the 2008 financial crisis. Meanwhile, hiring plummeted, with entry-level openings having more than halved in 2017, according to experts. Tata Consultancy Services (TCS) and Infosys, two of India's largest IT companies and once leaders in job creation, reduced their headcounts for the first time ever. Even mid-sized players like Tech Mahindra retrenched several employees.
Compared to the normal rate of forced attrition (i.e. asking non-performers to leave) of around 1% in earlier years, 2017 saw Indian IT companies letting go of between 2% and 6% of their employees, said Alka Dhingra, general manager of IT staffing at TeamLease Services. Infosys cut 9,000 jobs in January. "Instead of 10 people, what if we have three people to work on (a project). If we don't have the software, then some others will take the advantage (away from us)," Vishal Sikka, the former CEO of the Bengaluru-based company, said in February. Meanwhile, around 6,000 Indian employees at Cognizant reportedly lost their jobs to automation. -
China's Huawei Catching Up With Apple, Samsung Smartphone Sales (livemint.com)
From a report: Chinese smartphone maker Huawei managed to gain ground on Samsung and Apple in terms of global market share last year, following the problems encountered by the two giants, the Gartner consultancy group said on Wednesday. Over the year as a whole, the Chinese maker saw its sales leap by 26.7 percent, while the South Korean and US rivals both saw their sales decline by 4.3 percent, Gartner said in a study. As result, Huawei was able to increase its share of the smartphone sector to 8.9 percent in 2016 from 7.3 percent a year earlier, while Samsung saw its market share shrink by two full percentage points to 20.5 percent and Apple's contracted to 14.4 percent from 15.9 percent. "Chinese makers succeeded in winning market share over last year and Huawei now seems to be the main rival to the two giants, even if the gap remains large," Gartner analyst Annette Zimmermann told AFP. -
Too Many New Smartphone Models Released Each Year: Survey (livemint.com)
An anonymous reader writes: Consumers think smartphone makers are releasing too many new models each year, a survey showed on Tuesday. The survey conducted in six countries, commissioned by the environmental group Greenpeace, showed that more than half of those who responded would prefer to change their phones less frequently. Handset devices are one of the most frequently replaced electronics products. The top cellphone companies, Samsung and Apple, launch new flagship phone models at least once every year, showing off the latest display and mobile processor technologies. Phone makers typically upgrade their cheaper lineups as well. "Over half of respondents across the countries surveyed agree that manufacturers are releasing too many new models, many designed to only last a few years," said Chih An Lee, global IT campaigner at Greenpeace East Asia. "In fact, most users actually want their phones to be more easily dismantled, repaired and recycled." -
Alan Cox Exits Intel, Linux Development
judgecorp writes "Linux kernel developer Alan Cox has left Intel and Linux development after slamming the Fedora 18 distribution. He made the announcement on Google+ and promised that he had not fallen out with Linus Torvalds, and would finish up all outstanding work." Also at Live Mint, which calls Cox's resignation notice a "welcome change from the sterility, plain dishonesty of CEO departure statements." Cox says in that statement that he's leaving "for a bit," and "I may be back at some point in the future - who knows." -
UV-Resistant Micro-Organisms Discovered In the Stratosphere
junglee_iitk writes "Three new species of bacteria, which are not found on earth and highly resistant to ultraviolet radiation, have been discovered in the upper stratosphere by some Indian scientists. These bacteria, which do not match any species on earth, were found in samples collected through a balloon sent up to the stratosphere in April 2005. The payload consisted of a cryosampler containing 16 evacuated and sterilised stainless steel probes. Throughout the flight, the probes remained immersed in the liquid neon to create a 'cryopump effect.' These cylinders after collecting air samples from different heights ranging from 20 to 41 km were parachuted down and safely retrieved, it said." Here's the Indian Space Research Organisation's press release on the discovery. Adds an anonymous reader: "This paper in International Journal of Astrobiology [PDF] speculates how microorganisms reach the stratosphere." -
PwC Auditors Arrested In Satyam Fraud Inquiry
theodp writes "Indian police arrested two employees from the affiliate of PricewaterhouseCoopers who audited Satyam Computer Services, the IT outsourcing giant at the center of the nation's largest fraud inquiry. The move comes after Satyam founder Ramalinga Raju said he had fabricated $1 billion of assets and confessed to making up more than 10,000 employees to siphon money from the software company. State Farm Insurance has severed its ties with Satyam, citing uncertainty about the company's future as 'the only factor responsible for the termination of the contract,' which will reportedly affect at least 400 on-site Satyam employees. Other customers, including GE, are standing by Satyam, one of the top recipients of H-1B and L visas (so much for those $500 Fraud Prevention and Detection fees!)."