Author: News Desk
Robot Era, a prominent Chinese humanoid robot developer, has made history by conducting a walking test for a humanoid robot on the iconic Great Wall of China. In a recently released video, Robot Era showcases XBot-L, a full-sized humanoid prototype standing at 1.65 meters tall, navigating sections of the Great Wall. The footage captures XBot-L engaging in various activities such as walking, waving, shadowboxing, and demonstrating other movements. The purpose of the test was to highlight XBot-L’s locomotion, dexterity, and self-balancing capabilities, particularly its adaptability to the complex outdoor environment presented by the Great Wall. Walking on the Great Wall,…
India’s women are making remarkable strides, evident in Forbes’ Real-Time Billionaires rankings. As of June 2024, we delve into the journeys of India’s top 10 wealthiest women, shedding light on their remarkable achievements and the companies they lead. 1. Savitri Jindal – $36.0 Billion – Jindal Group Leading the pack is Savitri Jindal, with a staggering net worth of $36.0 billion. As the matriarch of the Jindal Group, one of India’s largest conglomerates, Savitri Jindal oversees a diverse portfolio spanning steel, power, and infrastructure sectors. Her astute leadership has propelled the Jindal Group to the forefront of India’s business landscape.…
The world’s richest individuals continue to reshape industries and economies. As of Forbes 2024 list, the top 10 richest people in the world showcase a diverse range of sectors, from technology and e-commerce to luxury goods and investments. Elon Musk sits at the pinnacle as the richest person in the world with a staggering net worth of $208.4 billion. At 52 years old, Musk resides in Boca Chica, Texas, and holds US citizenship. He is the CEO of several high-profile companies, including Tesla and SpaceX. Musk’s fortune, significantly tied to his 23% stake in Tesla, saw a massive surge, making him the…
India’s fintech landscape has experienced a significant transformation since 2020, with several startups achieving unicorn status—valuations of $1 billion or more. This surge is driven by a combination of technological innovation, a favorable regulatory environment, and a burgeoning digital economy. Let’s explore the factors contributing to this growth and highlight some of the prominent fintech unicorns that have emerged in recent years. Factors Driving Growth Digital Transformation: The COVID-19 pandemic accelerated digital adoption across various sectors, including finance. Consumers and businesses alike increasingly relied on digital payment solutions, online banking, and digital lending platforms, creating a fertile ground for fintech…
The Federal Tax Authority (FTA) in the United Arab Emirates (UAE) has issued a stern warning to Corporate Taxpayers holding licenses obtained in March and April. Failure to submit registration applications by June 30, 2024, could result in penalties, as outlined in Federal Tax Authority Decision No. (3) of 2024. Under Cabinet Decision No. (75) of 2023, penalties are enforced for violations of Federal Decree Law (47) of 2022 on the Taxation of Corporations and Businesses and its amendments. These penalties are applicable to those who fail to adhere to the deadlines set by the FTA for Corporate Tax registration…
Volvo Car India has achieved a significant milestone in its journey towards electrification by delivering over one thousand electric vehicles (EVs). This announcement underscores the brand’s commitment to sustainable mobility. The three EV models offered by Volvo Car India – the XC40 Recharge, the C40 Recharge, and the single motor XC40 Recharge – are all available through its Online Direct Sales model. This diversified lineup aims to cater to various customer preferences in the growing electric vehicle market. Jyoti Malhotra, Managing Director of Volvo Car India, expressed pride in this accomplishment, particularly on World Environment Day. Malhotra highlighted that surpassing…
Nvidia surged past Apple to become the world’s second most valuable company, with its market valuation breaching the $3 trillion mark. This milestone reflects an insatiable demand for Nvidia’s processors, which are integral to the rapidly advancing field of artificial intelligence. Nvidia’s stock soared 5.2% to close at $1,224.40, bringing its market capitalization to $3.012 trillion. This surge allowed Nvidia to edge out Apple, whose market cap settled at $3.003 trillion following a modest 0.8% gain. Microsoft remains the leader with a market value of $3.15 trillion. The dramatic rise in Nvidia’s stock price—an astonishing 147% increase since the beginning…
IHUB Robotics has unveiled its latest innovation, the “Nila Pro” service robot, poised to redefine customer experiences and service delivery across various sectors in India. The official introduction of Nila Pro at the AtNow Hypermarket in Manjeri marks a significant milestone in Kerala and India’s startup ecosystem, promising unparalleled efficiency and reliability in customer interactions. Equipped with advanced capabilities, Nila Pro represents more than just a robot; it signifies a paradigm shift in how businesses engage with their customers. Designed to cater to retail, hospitality, and food service industries, Nila Pro offers a myriad of services, including product assistance, information…
Where securing external funding often seems like a prerequisite for success, the journey of Rikant Pitti stands as a beacon of inspiration. Rikant’s narrative is a testament to the power of perseverance, unwavering commitment, and a winning concept, showcasing how one can build a thriving company valued at crores of rupees without relying on outside capital. His brainchild, EaseMyTrip, not only recorded a net profit of Rs 146.8 crore in FY-23 but also boasts a remarkable market capitalization of Rs 7494 crore as of May 2024, firmly establishing itself as a formidable player in the travel industry. The genesis of…
Over the past decade, the number of startups in the country has exploded, increasing over 300-fold, with hundreds achieving the coveted “unicorn” status. Yet, the journey to becoming a unicorn in India was first charted by a pioneering company: InMobi. Founded in 2007, InMobi emerged with a visionary goal—to revolutionize the advertising landscape. At a time when mobile phones were becoming ubiquitous in India, InMobi foresaw the potential of mobile advertising. The startup aimed to solve a fundamental business challenge: reaching consumers effectively and efficiently. By extending traditional TV advertisements to mobile devices, InMobi carved a niche for itself in…