Author: News Desk
Space-tech startup AgniKul Cosmos has raised $26.7 million in its Series B funding round from Celesta Capital, Rocketship.vc, Artha Venture Fund, Artha Select Fund, and Mayfield India. The round also saw participation from investors such as Pi Ventures and Speciale Invest also participated in the round. The startup plans to utilize the capital to scale its existing technology towards commercialization, as well as invest in key facilities such as mobile launchpads and other test rigs. “Our focus is shifting from singular rocket launches to a strategic approach aimed at scaling. We’re considering how to scale not just for one or a few rocket launches, but for the…
ISRO (Indian Space Research Organisation) Chairman, S Somanath, recently shared exciting developments regarding the establishment of a second launchpad in Kulasekharapatnam, located in the southern Thoothukudi district. The ambitious project, receiving immense support from the Tamil Nadu government, is expected to be operational within approximately two years. The Tamil Nadu Government’s Pivotal Role The Tamil Nadu government has played a pivotal role in the realisation of this project, having sanctioned 2,000 acres of land in the coastal district. This new launchpad will cater to private rockets, significantly reducing the fuel consumption compared to launching them from the Satish Dhawan Space Centre in Sriharikota. S…
The first ship has finally docked at Vizhinjam Port, marking a significant milestone in its construction. The completion of the initial phase of Vizhinjam Port construction is set to take place in May 2024, propelling it into the league of international seaports. This development will have far-reaching consequences, not only for the state of Kerala but also for India as a whole. Vizhinjam Port’s Economic Significance The economic benefits are immense. The removal of a substantial percentage of cargo from Kerala’s various ports to Vizhinjam Port will result in the transit of goods via road, rail, and sea to different…
Artificial Intelligence is taking a lion’s share from our daily life. Brilliant brains are inventing and exploring all the possibilities to bring out the innovations in the AI segment. But do they always stay relevant? During the time electronic machines were invented, it was said to be cloned with a notion of helping human beings in terms of hard-core physical labour. But in this day and age, humans are fairly scared of getting replaced with AI. In particular, the extinction of many jobs is currently a looming fear-factor. Besides, a new viral video has brought back all these arguments back…
The Department of Telecommunications (DoT) is currently assessing approximately 440 proposals, valued at over Rs 1,000 crore, for funding through the Telecom Technology Development Fund (TTDF) scheme. Launched on October 1, 2022, the TTDF aims to foster rural-specific communication applications and drive technology ownership, indigenous manufacturing, and the creation of intellectual property in the field of telecom products and solutions. Stringent Evaluation Criteria The evaluation process focuses on several critical parameters, including the technical viability of proposed solutions, market size, and their impact on the target consumer segment. Additionally, the evaluation considers factors such as potential for import substitution, originality,…
In a recent development, the Indian government has issued directives to YouTube to add disclaimers to channels suspected of spreading ‘fake’ news. This decision is part of a broader effort to combat online misinformation in the lead-up to the Assembly and Lok Sabha elections. The move has garnered attention following previous controversy surrounding the government’s plan to establish a fact-checking unit, which raised concerns about potential censorship. Ministry of Electronics and Information Technology Takes Action The Ministry of Electronics and Information Technology (MeitY) has taken the lead in addressing the issue of online misinformation. In a memorandum sent to various…
Qatar Airways has announced the partnership with Elon Musk’s SpaceX to make Starlink Wi-Fi in the sky available at no cost to every passenger with speeds up to 350 Mbps. “Qatar Airways is proud to announce its agreement with Starlink to provide seamless and complimentary Wi-Fi to its global passengers. This exciting collaboration is not only in line with our industry-leading approach to technological adoption, but also serves as an unmissable opportunity to connect Starlink to our global passengers. We look forward to our passengers benefitting from this state-of-the-art addition to Qatar Airways’ in-flight experience,” shared His Excellency Mr. Akbar Al…
India FinTech Forum has announced the launch of the inaugural edition of the Fintech Olympiad. Backed by industry leaders including Zerodha, CashRich and Clear, Fintech Olympiad aims to encourage financial literacy in college students. Maharashtra State Innovation Society and Unstop are supporting the initiative to increase its reach. According to an official release, the first of its kind competition focused on financial literacy, Fintech Olympiad 2023 has received applications from over 2000 colleges. Students from universities not only in India but also from Hong Kong, France, USA, Indonesia, Switzerland, United Kingdom and Vietnam are also participating in the competition, it…
In the fast-paced world of business, where CEOs and founders navigate the challenges of entrepreneurship, a select group of leaders has found solace in a seemingly unlikely pastime: gaming. While the corporate world demands their time and attention, these individuals have discovered that games, whether in the form of chess, board games, or even video games, offer more than just entertainment. They serve as a valuable outlet for relaxation and a source of personal and professional growth. This article delves into the fascinating stories of these business leaders and their unique approach to finding balance through play. Chess: A Strategic…
In a significant development that will particularly benefit Indians eagerly awaiting their US green cards, the US Citizenship and Immigration Services (USCIS) has announced a major update. Under this new provision, the United States will now issue Employment Authorization Documents (EAD) with a five-year validity to specific non-immigrant categories, which includes individuals in the queue for green cards. This change in EAD duration represents a promising step towards streamlining the immigration process and tackling the extensive backlog of green card applications. Extending EAD Validity The USCIS has made this change by increasing the maximum validity period for Employment Authorization Documents…