Author: News Desk
Working for NASA is a dream that many harbour but few manage to turn into reality. Dr. Akshata Krishnamurthy, an aerospace engineer, has not only lived this dream but has become the first Indian citizen to operate a rover on Mars, marking an extraordinary milestone in her illustrious career. A Journey of Determination Sharing her remarkable story on Instagram, Krishnamurthy takes us back to her arrival in the United States 13 years ago. Despite facing discouragement from sceptics who doubted the possibility of a foreign national on a visa working at NASA, she remained unwavering in her determination. Her goal…
The Open Network for Digital Commerce (ONDC), in collaboration with Google Cloud India, Antler in India, Paytm, Protean and Startup India, announced an initiative called ‘Build for Bharat’. The initiative aims to tackle diverse challenges in digital commerce, promoting industry innovation to develop practical solutions in this space. “We are excited to organize this nationwide initiative focused on building innovative solutions for India’s rapidly growing digital commerce ecosystem. Initiatives like ‘Build for Bharat’ will unleash the talent and potential of India’s startup and student communities to drive meaningful impact at scale. Through grants, investments and recognition, we hope to nurture the best ideas into sustainable businesses,” said T…
Najeeb Bin Haneef, renowned as the “Algae Man” and Founder/CEO of Zaara Biotech, launched OBELIA 2.1. This innovative algal artificial carbon trapping system is poised to make a significant impact on addressing climate change. OBELIA 2.1 Unveiled OBELIA 2.1, India’s first of its kind outdoor carbon trapping system, boasts impressive capabilities. With a total capacity of 300 litres, it stands equivalent to the carbon absorption of four mature trees. The system demonstrates an impressive carbon absorption rate of 81 kilograms, coupled with a remarkable biomass production of 45.4 kilograms. Structural Features The structural integrity of OBELIA 2.1 is underpinned by…
In a strategic move, Kochi-based logistics firm Driver Logistics revealed its ambitious investment plan of INR 525 crore over the next five years. A significant portion, amounting to 30%, will be directed towards Karnataka, the company’s largest market, where it plans to enhance its infrastructure and presence. The Karnataka project encompasses a state-of-the-art 32,000 square feet multi-client warehouse and partial truckload facility (PTL) at Makali in Bengaluru. Additionally, the company plans to establish seven smaller hubs across the state within the next six months. Recognizing Karnataka’s pivotal role, Driver Logistics CEO Aqil Ashique stated that the state contributes over 35%…
Steady Growth: ₹241.43 Crore Net Collection in India Ranbir Kapoor’s latest release, “Animal,” has taken the Indian Box Office by storm, crossing the ₹240-crore mark within just four days since its December 1 release. According to industry tracker Sacnilk, the film has reported a net collection of ₹241.43 crore in India, showcasing consistent numbers even on its fourth day, where it collected ₹39.9 crore. Weekend Triumph: ₹137.73 Crore in First Three Days The film had an impressive start, collecting ₹63.8 crore on its opening day. By the end of the weekend, “Animal” had amassed ₹137.73 crore, with collections of ₹71.46…
Gautam Singhania, the Chairman of Raymond’s Group, and his wife, Nawaaz Modi, have become the talk of the town due to their dynamic presence in the business world. With Gautam Singhania’s net worth of ₹11,660 crores and a significant share in the family’s wealth, the couple’s business dealings have gained more attention, especially in light of the allegations raised by Nawaaz against Gautam. Raymond’s Group: A Business Giant Raymond’s Group stands as one of India’s foremost business families, and Gautam Singhania has been at the helm of this conglomerate. However, recent controversies, fueled by Nawaaz Modi’s accusations, have shifted the…
On Monday, Pankaj Chaudhary, the Minister of State for Finance, informed the Lok Sabha that 28 crypto exchanges and virtual digital asset service providers have successfully registered with the Financial Intelligence Unit–India. Notable names among them include CoinX, Unocoin, Bitbns, Zebpay, WazirX, Coinswitch, CoinswitchX, and Rario. In response to a query by Lok Sabha MP Lavu Sri Krishna Devarayalu regarding the applicability of anti-money laundering guidelines and reporting requirements to offshore crypto exchanges serving the Indian market, Minister Chaudhary confirmed, “Yes, the guidelines and reporting requirements are applicable to offshore crypto exchanges servicing the Indian market. The process of registration…
Allen Career Institute has successfully acquired Doubtnut, an AI-driven doubts solving platform, aiming to develop technology-centric learning solutions focused on enhancing students’ educational outcomes. Allen expressed that Doubtnut’s team will persist in refining the doubt resolution experience for students. Reports from reliable sources estimate Doubtnut’s value at $10 million in this deal. Despite previously securing $52 million in total funding from investors like WaterBridge Ventures and Peak XV Partners, the company was last valued at $154 million in January 2022. Nitin Kukreja, CEO of Allen, emphasized the importance of timely doubt resolution in education and expressed excitement about leveraging Doubtnut’s…
Kerala has earmarked a substantial budget of over INR 12,400 crore for the development of a green transport corridor, complemented by an allocation of INR 90 crore for the initial phase of the green hydrogen valley project. The comprehensive funding aims to cover all aspects of the hydrogen value chain, encompassing production, distribution, and transportation, with a focus on establishing three hydrogen valley platforms. The “Green Corridor” project, connecting the Ernakulam Town and Ernakulam Junction railway stations with a 2.5km stretch, had its detailed project report (DPR) submitted by Kochi Corporation in 2020. The state envisions the creation of two…
Launched in 2015, the Mudra Yojana Scheme is a government initiative supporting small and micro-enterprises. Highlighting its commitment to gender equality, Finance Minister Nirmala Sitharaman emphasises that women are accorded top priority under the PM Mudra Yojana scheme. This initiative is a game-changer, particularly for women entrepreneurs, providing them with crucial financial aid to kickstart or expand their businesses. Inclusive Financing for Women: Under this scheme, there’s a unique offering called the Mudra Yojana Loan Scheme or Mahila Udhyami Yojana. It’s tailor-made for women, offering loans up to Rs 10 lakhs without the need for collateral. The interest rates are low, and repayment terms are flexible,…