Author: News Desk

In the fast-charging segment, the Mantis Electric sports bike, provided by Orxa Energies, covers a range of 221 kilometers on a single charge. This product has entered the market through Bengaluru-based Boom Motors, known for its dense EV energy infrastructure. The Mantis, weighing only 182 kilograms, boasts a sleek and aerodynamic design. With a powerful 1.3-kilowatt motor, it achieves a top speed of 135 kilometers per hour and accelerates from 0 to 100 km/h in just 8.9 seconds. Impressively, it takes only 2.7 seconds to reach 20 km/h. Priced at INR 3.6 lakhs, this model stands out as one of…

Dubai aims to recycle 8,000 tons of waste weekly through the Smart Sustainable Oasis (SSO) program. This initiative by the Dubai Municipality is a model that Kerala can adopt. It involves collecting waste separately and recycling it to promote reuse. Dubai Municipality implements this project through 18 types of waste, not just one or two. The SSO program encompasses 18 types of waste, including electronic-metal waste collected through a 24-hour system. It includes items such as mobile phones and dry batteries. The project encourages recycling by utilizing the cooperation of residents in each center, informing them about waste deposition and…

Novartis is set to divest its Indian eye care portfolio to JB Chemicals, joining the trend of multinational corporations reducing their exposure to the Indian market. This strategic move aligns with Novartis’ focus on capitalizing on ophthalmic therapy, providing JB Chemicals entry into a thriving business segment. The anticipated deal, expected to be valued at around INR 1000 crore, reflects a broader trend among global Big Pharma companies divesting their branded generic portfolios to domestic entities. In recent months, major pharmaceutical players have been streamlining their portfolios by selling key assets and divesting from certain markets. Concurrently, large Indian pharmaceutical…

OpenAI, under the leadership of Sam Altman, has reportedly joined forces with Rishi Jaitly, former head of Twitter India, to gain a better understanding of India’s AI policies and regulations. This collaboration aims to navigate the complex landscape of AI governance in India. According to a recent TechCrunch report, Jaitly has taken on the role of senior advisor at OpenAI, with a focus on facilitating dialogues with the government on AI policies. The report also mentioned OpenAI’s intentions to establish a local team in India, signaling a strategic move to engage with the growing AI ecosystem in the country. After…

In a landmark decision on December 11, the Supreme Court upheld the constitutional validity of the Presidential order abolishing Article 370, which granted special status to Jammu and Kashmir. The court asserted that the state didn’t retain an element of sovereignty after acceding to India. Chief Justice DY Chandrachud, leading the five-judge constitutional bench, emphasized that Article 370 was a temporary provision, endorsing the government’s move to revoke the provision that permitted the state to have its flag and a separate constitution. The bench, comprising Justices S K Kaul, Sanjiv Khanna, B R Gavai, and Surya Kant, declared the bifurcation…

In a groundbreaking financial achievement, Zerodha founders, Nithin Kamath and Nikhil Kamath, have nearing an impressive annual income of INR 200 crores for the current fiscal year. The online brokerage firm, the pioneer of its kind in the country, disclosed a combined annual income of INR 195.4 crores. This remarkable success is not limited to the founders alone; it extends to the overall financial performance of Zerodha. The company’s board had sanctioned an annual income of INR 100 crores for the three directors in the preceding year. The substantial increase in income reflects a robust growth trajectory for Zerodha, establishing…

In the enchanting landscapes of the Thar Desert in Rajasthan, India, the Rajkumari Ratnavati Girl’s School stands not only as an architectural marvel but as a beacon of hope for over 400 girls hailing from economically challenged backgrounds. This exceptional institution, designed by Diana Kellogg of Diana Kellogg Architects and commissioned by CITTA, a non-profit organization committed to supporting development in marginalized communities, marks a significant step toward bridging educational gaps in the mystic desert region. The school, catering to girls from kindergarten to class 10, addresses a crucial need in an area where female literacy hovers at a mere…

The inaugural Transplant Games organized by the Heart Care Foundation unfolded as a remarkable testament to inspiration and celebration. The event commenced at the prestigious Rajiv Gandhi Indoor Stadium in Kaloor, awakening Kochi to a day filled with enthusiasm and sportsmanship. The festivities kicked off with a 5-kilometer race, originating from the Jawaharlal Nehru Stadium in Kaloor. This invigorating race was inaugurated by none other than Kochouseph Chittilappilly, a prominent industrialist and a kidney donor. The symbolic Baton Torch was handed over to Padma Shri Bharath Mammootty, marking the conclusion of a successful cycling rally at the Regional Sports Centre,…

Aprilia has officially revealed the price for its highly anticipated mid-performance sports bike, the RS 457, at INR 4.10 lakhs (ex-Maharashtra). Enthusiasts eager to own this sports bike can secure their spot by pre-booking starting December 15, 2023, through the Aprilia India website or at Aprilia Motoplex Dealerships across India for a minimal fee of INR 10,000. Anticipated to commence deliveries in March 2024, this exciting announcement was made by Diego Graffi, Chairman and Managing Director of Piaggio, at the India Bike Week in Goa. The RS 457 marks its Indian debut, having undergone design and development at Aprilia’s headquarters…

In 2023, funding for Indian startups has plummeted to a five-year low, recording a total of $7 billion invested in the ecosystem so far, a stark contrast to the $25 billion noted in 2022, marking a significant 73% decline. This funding downturn has resulted in a consistent decrease in venture capital investments since mid-2022, with each subsequent quarter experiencing a decline, with Q3 2023 being the most challenging in five years. During the period of July to September, Indian startups secured $1.5 billion across 166 rounds, indicating a 30% decrease from the previous quarter, according to Tracxn Geo’s quarterly report.…