Author: News Desk
Prime Minister Narendra Modi is set to kick off 14,000 projects worth over ₹10 lakh crore in Uttar Pradesh ahead of the Lok Sabha elections through a Ground Breaking Ceremony (GBC 4.0) on Monday. The state, which holds significant influence with its 80 Lok Sabha seats, is also hosting a Global Investors Summit from February 19 to 21 at the Indira Gandhi Pratishthan in Lucknow. The Uttar Pradesh government, in collaboration with PM Modi and Chief Minister Yogi Adityanath, will conduct the Ground Breaking Ceremony (GBC) 4.0 on Monday. Earlier in the day, PM Modi, accompanied by Uttar Pradesh Chief…
The once-thriving tech startup ecosystem in Telangana witnessed a significant setback in funding, plummeting by a staggering 78% in 2023. According to the latest Tracxn Geo Annual Report of 2023, funding nosedived from $459 million in 2022 to a mere $99.2 million last year, leaving industry analysts and stakeholders puzzled. Factors Behind the Plunge The report attributes this drastic decline in funding to a confluence of macroeconomic trends and geopolitical factors contributing to a global slowdown. Telangana, known for its vibrant tech scene, has historically been a magnet for investment, boasting a cumulative total of $2.7 billion raised by its…
India achieves a significant milestone in defense and space collaboration as Tata Advanced Systems Limited (TASL) completes the nation’s inaugural privately manufactured military-grade satellite, poised for launch aboard a SpaceX rocket. This strategic achievement signals a substantial advancement in India’s space capabilities, granting the Indian Armed Forces enhanced surveillance capabilities through high-resolution satellite imagery. The successful assembly of this satellite underscores the evolving landscape where domestic private sector entities play a crucial role in advancing the nation’s defense technology. Engineered to deliver sub-meter resolution imagery, the satellite’s ground station operations will be centered in Bengaluru, India, ensuring robust security measures…
India’s startup ecosystem has become a global focal point, capturing the attention of investors worldwide, including Non-Resident Indians (NRIs). With innovative startups emerging across diverse sectors, NRIs are presented with compelling opportunities to invest in these ventures. However, navigating the landscape of Indian startups entails a careful balance of assessing potential returns against associated risks. Investing in Indian startups holds promise for NRIs due to several key factors: High Returns: Indian startups offer the potential for substantial returns over the long term. For instance, investments in companies like Flipkart, OYO, and Swiggy have yielded significant profits for early backers, showcasing the growth potential of Indian startups. Social Impact: Many Indian startups…
OnePlus has announced a full refund for buyers of the OnePlus 12R, who were misled by false advertising claiming it had fast UFS 4.0 storage, when it actually uses the older UFS 3.1 type. The refund offer is applicable to purchasers of the 256GB variant of the phone until March 16, 2024, as stated by OnePlus president and COO Kinder Liu in a forum post. Liu expressed gratitude for the patience of customers and assured them that the customer service teams are fully briefed on the situation and are assisting concerned individuals. He had previously apologized for the miscommunication, acknowledging…
The Indian electric vehicle (EV) sector is experiencing a surge of innovation and growth, particularly in the two-wheeler segment. With government incentives like the FAME subsidy fueling the market, over a dozen startups have emerged, each vying for a piece of the burgeoning EV landscape. Amidst this competition, River, a new-age EV startup, has made significant strides since its inception in 2021. Founded in 2021, River swiftly made its mark with the launch of its inaugural product, the Indie, in October 2023. The Indie, a testament to River’s commitment to indigenous development, was entirely conceived and engineered at the company’s…
SoftBank Group’s Chief Executive Officer, Masayoshi Son, is reportedly in talks to mobilise a staggering $100 billion for a new chip venture, aiming to pose a significant challenge to Nvidia Corp, according to Bloomberg News sources. Dubbed “Izanagi,” the project is set to focus on the production of semiconductors crucial for powering artificial intelligence (AI) technologies, Bloomberg’s report unveiled. Sources suggest that SoftBank plans to inject $30 billion into the venture, with the possibility of an additional $70 billion investment from various Middle Eastern institutions, as per the same report. As of the time of reporting, SoftBank has not responded…
In a development poised to transform Odisha’s industrial landscape, Odisha Chief Minister Naveen Patnaik, alongside JSW Group Chairman Sajjan Jindal, initiated the construction of a groundbreaking steel plant in the state. Visionary Investment Ventures Under the leadership of Sajjan Jindal, the JSW Group has announced plans to inject a monumental ₹65,000 crore into the establishment of an integrated steel manufacturing complex in Paradip, Odisha. This ambitious endeavour encompasses the construction of a steel plant boasting an impressive capacity of 13.2 million tonnes per annum (mtpa), along with a cement factory, and essential ancillary facilities such as captive power and cargo…
In the recent India vs. England 3rd Test in Rajkot, veteran spinner R Ashwin achieved a remarkable milestone by becoming the fastest Indian bowler to claim 500 wickets in Test cricket, achieving this feat in just 98 matches. His 500th wicket came with the dismissal of Zak Crawley. Ashwin now stands as the only Indian bowler, following the legendary Anil Kumble, to accomplish this milestone. Kumble holds the record for the highest number of wickets taken by an Indian bowler in Test cricket, with 619 scalps to his credit. At 37 years old, Ashwin joins Sri Lanka’s Muttaiah Muralidaran as…
During a recent earnings call on February 14, Hiroki Totoki, President, COO & CFO of Sony, expressed optimism regarding the company’s future plans in India. He confirmed that although the merger of Sony’s Indian arm with Zee has been terminated, Sony remains committed to the Indian market. “India on a long-term basis has great growth potential. It’s a very appealing market. Therefore, we will try to seek various opportunities and if we can find another opportunity that would replace this type of plan,” said Totoki. Despite the termination of the proposed merger with Zee, Sony is dedicated to pursuing growth…