Explore Business Standard
Hindustan Copper Ltd (HCL) is focusing on copper exploration and production through global collaborations as it seeks to ramp up its mining capacity from 3.47 million tonnes to 12 million tonnes per annum by FY 2030-31, a top company official said on Sunday. The Kolkata-based PSU has forged a partnership with Chile's Codelco to enhance technical strength to boost production, he said. "We've forged a strategic partnership with Codelco to build technical strength and explore deeper mineralisation. The visit of Codelco representatives to our key mining sites is part of efforts to upgrade our capabilities, HCL Chairman and Managing Director Sanjiv Kumar Singh told PTI. A three-week-long visit by experts from the Chilean copper major is currently underway, during which the team has been visiting all HCL units and offices across the country to assess various mining and operational aspects. The development comes in the backdrop of sharp criticism from the Comptroller and Auditor General .
Companies embracing AI-led processes globally are experiencing remarkable growth, surpassing their peers with higher revenue growth and greater productivity, according to a report by Accenture. In India, the percentage of organisations fully modernised with AI has surged from 8 per cent in 2023 to an impressive 25 per cent in 2024, marking a significant leap in operational efficiency and revenue generation, the report said. The findings are based on a survey of 2,000 executives across 12 countries and 15 industries, including insights from 200 senior executives based in India. The report, titled "Reinventing Enterprise Operations with Gen AI," highlighted that globally, organisations that have adopted intelligent operations are achieving 2.5 times higher revenue growth and 2.4 times greater productivity than their peers. This trend underscores the transformative power of Generative AI, which has become a catalyst for innovation across various sectors. Notably, 79 per cent of Indian
A significant percentage of recruiters believe cultivating a positive work environment and rewards and recognition are essential to boost employees' productivity as against traditional time-based metrics, according to a survey. In contrast to the traditional approaches of evaluating employees based on time and attendance tracking, 7 out of 10 employers prioritise quality work and key performance indicators like targets and project completion rate as the primary indicator of productivity. The survey by jobs and professional networking platform apna.co said that the move towards quality work and target completion as against traditional time-based metrics marks a major shift in productivity assessment approaches. As per the survey, 77 per cent of recruiters believe cultivating a positive work environment and rewards and recognition are essential to boost employees' productivity. Moreover, 5 out of 10 recruiters preferred training and development and regular feedback to minimise ...
Artificial Intelligence and generative technology is more of an assistant rather than a self-functioning unit, and it is difficult to say if it will work on its own in the future, Salesforce India CEO Arundhati Bhattacharya said on Friday. Speaking at a media roundtable, the American technology company's India Chairperson said at present, there is always a human involved in AI operations. "It's more of an assistant right now. We have not reached the point where we can allow it (to operate independently)... will it be totally on its own at some point, is very difficult to say now," she said. She added that Gen AI brings in affordability, and unlike blockchain and crypto, it has specific use cases to solve problems. Addressing data concerns for cloud in regulated industries like Banking, Financial Services and Insurance (BFSI), Bhattacharya said data localisation and compliance changed the ambit of operations for Salesforce. "Before 2020, we did not get into the regulated industries
The use of technology in the judicial system can ensure transparency, productivity and efficiency, Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu said on Saturday. The chief minister said this at the inauguration of the North Zone-II Regional Conference on 'Contemporary Judicial Development and Strengthening Justice through Law and Technology' here. Highlighting the importance of technology in making the lives of common people easier in every field, including the judiciary, he emphasized the need to view technology as an ally in bringing about change and strengthening the judicial system. With the inclusion of modern technology, the functioning of the judiciary has accelerated and during the COVID-19 pandemic, virtual hearings had proved a boon for all, which saved both money and time of the people, he said in a statement issued here. A reliable and speedy judicial system, he noted, is essential for a healthy and self-confident society, as well as for the development of the