Author: News Desk
The UAE Government has recently introduced a federal decree aimed at regulating media activities within the country. The comprehensive decree covers individuals, organisations, media outlets, and free zones dedicated to media, establishing specific regulations and conditions for ownership and operation. Defining Media Activities: The decree outlines media activities as encompassing the production, circulation, printing, and publishing of media content. This includes audio, video, and digital broadcasting, whether provided at a cost or free of charge. Licensing and Oversight: A key focus of the law is on the issuance and oversight of licences and permits for executing media activities. It also…
In a groundbreaking development, Nippon Steel, one of the world’s steel industry giants, is set to acquire US Steel, creating one of the largest steel conglomerates globally, excluding China. This move not only marks a pivotal moment in the history of both companies but also addresses uncertainties surrounding the future of the iconic US Steel, which has been on the lookout for a buyer since rejecting a smaller bid from a US competitor in August. Historic Foundations: Founded in 1901 by industrial magnates Andrew Carnegie and JP Morgan, US Steel once stood as one of the world’s largest companies, driven…
To encourage the use of data and artificial intelligence (AI), multinational IT giant Accenture opened a generative artificial intelligence (GenAI) studio in Bengaluru. The studio is housed within Accenture’s Innovation Hub and is a component of the $3 billion data and artificial intelligence investment the company announced in June. Accenture has previously declared that, through hiring, acquisitions, and training, it will double its AI talent to 80,000 workers in the following three years. The studio, located in Accenture’s ‘Innovation Hub,’ is a component of the company’s $3 billion investment in data and artificial intelligence, which was revealed in June of…
Shopping in the emirates often involves a common question at the cashier: “Do you have any privilege cards?” For newcomers to the UAE, this might be a perplexing experience, considering the variety of privilege cards offered by different stores. Here’s a guide to some of the top cards and loyalty programs providing discounts and deals in the UAE. 1. RTA Nol Plus: Your Ticket to Seamless Transportation Dubai residents relying on the public transport system are familiar with the Nol card. Offering access to the Dubai Metro, tram, bus, and taxi services, this card allows users to earn 1 point…
India stands proudly as the world’s third-largest startup ecosystem, hosting a thriving community of over 3000 deeptech businesses. These enterprises are at the forefront of technological breakthroughs in areas like artificial intelligence, machine learning, big data analytics, IoT, and blockchain. Notably, they are expanding their influence across diverse sectors, including agriculture, life sciences, chemistry, aerospace, and green energy, aiming to revolutionise industries through cutting-edge technology solutions. NDTSP: A Catalyst for Growth The Indian Government has unveiled a groundbreaking initiative, the National Deep Tech Startup Policy (NDTSP), designed to propel innovation, spur economic growth, and foster societal development within the deep…
On December 18, Bhutan’s King Jigme Khesar Namgyel Wangchuck revealed an ambitious urban development initiative, the Gelephu Special Administration Region (SAR). This strategic project aims to strengthen economic ties between Bhutan and Assam, covering an expansive area exceeding 1,000 square kilometres in close proximity to the Indian border. Diplomacy in Action During his 10-day visit to India, the King engaged in discussions with Prime Minister Narendra Modi, outlining the Gelephu project as a crucial component of the Sarpang district Special Economic Zone (SEZ). The comprehensive plan encompasses the establishment of an international airport at Gelephu and explores the potential for…
India has the capacity to leverage artificial intelligence (AI) to propel economic expansion and advancement on a massive scale. India has a unique chance to use AI to assist businesses, industries, and society because of its big population and diverse economy. Since 2011, the amount spent on AI has increased gradually, and by 2035, it is expected to have a major economic impact. Since 2011, AI start-ups in India have grown rapidly, and 88% of the surveyed organizations intend to invest in AI-related technology. India earned $7.73 billion in AI investments over the course of the last 10 years, with…
Astrek Innovations, founded by Robin Thomas, Jithin Vidyadharan, Alx M Sunny, and Vishnu Sankar in 2018, is revolutionising rehabilitation technology. Their flagship product, an innovative robotic exoskeleton, aims to assist individuals with physical challenges in daily activities and rehabilitation exercises. Astrek’s Exoskeleton stands out for its adaptability and versatility. It facilitates walking, exercising, and rehabilitation, offering a more fluid and natural experience. Equipped with sensors and machine learning, it provides accurate data for monitoring and control. Astrek’s device has the potential to streamline rehabilitation, allowing physiotherapists to manage multiple patients efficiently. With clinical trials on the horizon, the team anticipates…
Kia, the South Korean automaker, has ambitious plans for its presence in the Indian market. The company intends to introduce nine electric vehicles (EVs) in India next year and commence local production by 2025. Tae-Jin Park, Managing Director and CEO of Kia India, shared with PTI, “In 2025, we would initiate local production of a mass segment EV, and then every year, we will keep introducing electric models.” When discussing government policies for the EV segment in India, Park acknowledged the differences compared to other advanced markets like the United States, Europe, or South Korea. He highlighted the absence of…
Google and Alphabet CEO Sundar Pichai recently shed light on the significant downsizing the tech giant underwent in 2022, involving approximately 12,000 job cuts. This marked the most extensive layoff in the history of Alphabet. Defending the Decision: During a recent all-hands meeting, Sundar Pichai defended the decision to reduce the company’s workforce by six percent in 2022. The CEO addressed concerns and explained the rationale behind the unprecedented move. Employee Impact: Addressing a question during the meeting about the aftermath of the layoffs on growth, profit and loss (P&L), and employee morale, Pichai acknowledged a substantial impact on employee…