Author: News Desk

As the Israel-Hamas war intensified, India on Wednesday, announced that it is planning to launch ‘Operation Ajay’ to bring back Indian citizens from there. Reportedly, there are 18,000 Indians in Israel. Taking to the social media platform X, External Foreign Affairs Minister S Jaishankar has shared, “Launching #OperationAjay to facilitate the return from Israel of our citizens who wish to return. Special charter flights and other arrangements are being put in place. Fully committed to the safety and well-being of our nationals abroad.” Additionally, the Indian embassy in Tel Aviv informed X that it has emailed the first lot of registered…

Zerodha co-founder Nikhil Kamath has launched a funding and mentorship programme, WTF Fund, for entrepreneurs under the age of 22. The fund aims to back young entrepreneurs working in the beauty, home, fashion and lifestyle segments. The entrepreneurs will also receive mentorship from Kamath, Ananth Narayanan (founder of Mensa Brands), Raj Shamani (content creator) and Kishore Biyani (founder of Future Group). “Introducing the #WTFFund! Young entrepreneurs under 22 years of age can now grab the opportunity to secure funding and receive mentorship in the home, fashion, beauty or lifestyle sectors,” announced Nikhil Kamath on X. Eligible entrepreneurs can be part of…

InsuranceDekho, India’s Insurtech player, has raised $60 million in its ongoing Series B funding round. As per the company, with this latest capital infusion, a mix of equity and debt, the company has attracted new marquee investors to its cap table while reaffirming the confidence of existing investors.  The company plans to utilize the proceeds from this funding round to boost its marketing activities, further expand its distribution presence in the Indian hinterland, scale up its tech platform, explore inorganic growth opportunities, and for new initiatives like Reinsurance to continue democratizing and revolutionizing the insurance landscape in India. According to…

Tata Group is reportedly considering entering India’s semiconductor sector. The industry conglomerate is submitting a proposal over the next 3 to 6 months for the Indian government’s semiconductor subsidy scheme. According to a BL report citing close sources aware of the matter, Tata Group is evaluating business plans across the value chain for semiconductors. In addition to the Centre’s subsidy, various State governments, including Gujarat, Karnataka and Tamil Nadu, are wooing Tata with various sops. Earlier in May 2023, the Group had revealed its plans to enter the semiconductor segment and its search for its electronics manufacturing facility in Tamil Nadu’s Krishnagiri district. Part of Tata’s $90-billion…

The International Monetary Fund’s (IMF) latest assessment, released on a Tuesday, paints a concerning picture of the global economic recovery. This warning coincides with the eruption of a new conflict in the Middle East, which threatens to destabilise an already fragile world economy reeling from a series of concurrent crises. The Middle East Conflict Unsettles Markets The recent clashes between Israel and Hamas over the weekend have sent shockwaves throughout the region. These events reflect the increasing difficulty of shielding economies from the impact of frequent and unpredictable global shocks. The conflict has cast a shadow over the annual meetings…

Hex20, a registered startup under the Kerala Start-up Mission, has come forward to contribute to the global institutions participating in the Chandrayaan mission, specifically for Chandrayaan-3. This collaboration involves Skyroot Aerospace and ISRO, which is now a part of the international space race. With a focus on cost-effective satellite production for the Chandrayaan mission, Hex20 aims to make its mark in the realm of space exploration. Hex20’s Role in Space Endeavours Skyroot Aerospace, headquartered in Hyderabad, is a private satellite manufacturing company. Similarly, the Japanese-based ISpace, known for its participation in lunar exploration research in Azerbaijan, has also joined hands…

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In an impressive foray into the tech world, 16-year-old Indian prodigy Pranjali Awasthi has taken the industry by storm with her AI startup, Delv.AI. During the Miami Tech Week event, Awasthi unveiled her brainchild, revealing that she founded the company in January 2022 and successfully secured approximately $450,000 (Rs 3.7 crore) in funding. What’s remarkable is that Delv.AI’s LinkedIn profile already lists a dedicated team of 10 professionals. During the event, Awasthi credited her father as the primary source of inspiration for her entrepreneurial journey. A Tech Enthusiast from a Young Age Awasthi’s fascination with technology ignited early in her life, driven by her…

Revolutionising Luxury Living in Dubai Dubai has set a new benchmark in luxury living with the launch of the world’s first 5.5G villa. This groundbreaking technology, a collaboration between Chinese tech giant Huawei and UAE’s telecom operator du, powered by Huawei’s cutting-edge 5G-Advanced fixed wireless access technology, promises residents an unparalleled experience. Immersive Entertainment and Blazing Speeds Residents of the 5.5G villa can now indulge in a world of entertainment like never before. Thanks to du’s 5.5G Experience Carrier, subscribers can enjoy real-time peak speeds of up to 10Gbps. This translates into the ability to dive into naked-eye 3D videos, pristine 8K UHD streaming, and thrilling XR games right from…

More than 50 per cent of jobs in educational institutions, including those in the UAE, are expected to undergo automation, thanks to the emergence of artificial intelligence (AI) with generative capabilities.\ The Role of GPT-4 Traditional AI in education and workforce training automated approximately 15 percent of job tasks. However, the introduction of GPT-4 has significantly increased this figure, paving the way for more than half of educator job tasks to be automated to varying degrees. The Changing Landscape of Education Coursera CEO Jeff Maggioncalda emphasised the transformative power of AI in education during the launch of Coursera’s new AI features and products. These innovations are set…