Author: News Desk

Responses under the Right to Information Act have unveiled that the Indian Railways garnered over Rs 5,800 crore in additional revenue from senior citizens following the withdrawal of concessions in train fares four years ago. The Railway Ministry made the decision to withdraw concessions in train fares for senior citizens on March 20, 2020, coinciding with the nationwide lockdown due to Covid-19. Previously, senior citizens were entitled to a 50 per cent concession for females and a 40 per cent concession for males and transgender passengers on train fares. Since the withdrawal of concessions, senior citizens are now required to…

The Founder and CEO of leading cloud software provider Zoho Corporation, Sridhar Vembu, has issued a pivotal message to startups worldwide: “It’s big time to invest in India.” Addressing young entrepreneurs globally, Vembu remarked, “India presents the most opportune moment for investments.” “Confidence in India’s prosperity is well-founded; it boasts one of the most dynamic and robust economies globally. India is poised for steady growth over the coming decades,” posted Vembu on his LinkedIn. “I’ve spoken with numerous industrial establishments, major companies, colleges, and various forums across India and abroad. The response from Indians living abroad, eager to return to…

Renowned Hollywood power couple Jennifer Lopez and Ben Affleck have made waves in the real estate world with their recent acquisition of a lavish mansion in Los Angeles. According to a report by The Economic Times, the sprawling property, previously owned by Isha Ambani, daughter of Indian tycoon Mukesh Ambani, exchanged hands for an eye-watering USD 61 million (approximately Rs 494 crores). Unveiling the Mansion’s Magnificence Situated on a sprawling 5.2-acre plot in the prestigious Beverly Hills area, the mansion stands as a testament to opulence and grandeur. Boasting an impressive array of amenities, including 12 bedrooms, 24 bathrooms, an…

Following the mega rally showcasing Opposition unity organised by the Aam Aadmi Party at Delhi’s Ramlila Maidan, a bird’s-eye-view photo purportedly depicting the event circulated widely across social media platforms. Some posts even claimed it to be scenes from the recent INDIA bloc alliance rally, with captions like “Modi toh giyo. #INDIAAlliance.” Fact-Checking Unveils the Truth ChannelIAM Fact Check delved into the origins of the viral image and uncovered a startling revelation. Contrary to its purported context, the image actually dates back to February 2019, depicting a mega Opposition rally in West Bengal ahead of the Lok Sabha elections. Tracing…

A senior government official affirmed India’s openness to the import of electric vehicles (EVs) from any country, including China, under the new EV policy in a recent interview with CNBC-TV18. Rajesh K Singh, Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT), highlighted the robust response from global EV manufacturers to the policy. He further emphasized the importance of quarterly disbursement of production-linked incentives (PLI) to all government departments. Singh clarified that there are currently no restrictions on imports from China, citing the presence of BYD vehicles on Indian roads after payment of relevant import duties. However, he noted…

Amidst the global excitement surrounding Devin, the pioneering “AI software engineer” developed by Cognition Labs in the US, India steps onto the stage with its own contender – Devika. Crafted as an open-source endeavour by Mufeed VH (Hamzakutty) of Lyminal and Stition.AI, Devika sets out to challenge Devin’s prowess head-on. Empowering Developers with AI Devika mirrors Devin’s utilisation of machine learning (ML) and natural language processing (NLP) to comprehend human commands. However, its distinctive focus lies in dissecting these directives into actionable tasks. Through independent research and autonomous code generation, Devika aims to fulfil designated objectives. A Transparent Alternative In…

In the quest for achieving emission-free driving, automotive giants worldwide are rolling out an increasing array of electric vehicles (EVs), making ownership more attainable than ever. Despite the hurdles faced by EVs, continuous advancements in technology are propelling us towards a greener future. While battery-powered EVs have dominated the conversation, hydrogen-powered vehicles offer a compelling alternative. Utilising hydrogen as a fuel source, these fuel-cell electric vehicles (FCEVs) operate similarly to their battery-powered counterparts, drawing energy from fuel cells instead of traditional fossil fuels. The Appeal of Hydrogen-Powered Vehicles One of the major advantages of FCEVs is their quick refuelling time,…

As Bengaluru faces a mounting water crisis, a group of Kerala entrepreneurs is taking action. The FixBengaluru community, set to convene soon, aims to address urban challenges, including the pressing issue of water scarcity. Among the speakers at the event are Mr. Arun Perooli and Mr. Deepak Ravindran, bringing their expertise to the table. Key Speakers: Arun Perooli: Known for his experience in crisis management communication during events like the Nipah virus outbreak and Kerala floods, Mr. Perooli is poised to offer insights into addressing Bengaluru’s water crisis. Deepak Ravindran: A noted entrepreneur, Mr. Ravindran’s focus on social impact drives…

Swiggy Instamart, a fast-commerce platform, has partnered with Park+, a FASTag distribution platform, to provide IndusInd Bank FASTags in less than 10 minutes. This marks the debut of doorstep delivery for FASTags by a fast-commerce or e-commerce platform, offering customers unprecedented convenience. “This is the first time a quick commerce or e-commerce platform has provided customers the convenience of doorstep delivery for FASTags. This strategic partnership aims to address a critical gap in the market by providing a convenient and swift solution for accessing FASTags,”Swiggy reportedly said in a statement. FASTags will be accessible to users on Swiggy Instamart across…

In a strategic move aimed at enhancing transparency and clarifying governance, OpenAI has reshaped the management of its venture capital arm, the OpenAI Startup Fund. The significant alteration, documented in a filing with the US Securities and Exchange Commission (SEC) dated March 29, signals a departure from the unconventional ownership arrangement involving the prominent figure of Sam Altman, former president of startup accelerator Y Combinator and CEO of OpenAI. The adjustment comes amidst raised eyebrows over Altman’s ownership and control of the fund, particularly due to its atypical structure. Although marketed akin to a corporate venture arm, Altman managed the…