Author: News Desk

Indian DeepTech startup in AgriTech ecosystem NAVA Innovation, has secured a Seed investment from angel investors Christo George, CMD of Hykon India Ltd and Manoj V Raman, an NRI Businessman. With this seed stage investment, NAVA hopes to deliver its technological invention, Coconut Sap Tapping device to the worldwide market within the next 6-9 months. Coconut Sap Tapping The business has also secured a utility patent in 28 countries, representing nearly 90% of the worldwide market, for their unique automated ‘coconut sap or neera’ tapping technology. The startup has developed a disruptive and scalable machine that leverages AI, robotics and…

Online gaming industry has not just exploded in popularity in recent times, but its global revenue has overtaken the higher-profile film and sports market. The online gaming industry which so far has witnessed a meteoric rise on the back of the pandemic, perhaps met its worse fate. Implementation of New Tax Policy In the month of July 2023, the Central Government has sent shockwaves to India’s gaming industry with a tight slap of levying 28% Goods and Services Tax (GST) on online gaming, horse racing, and casinos. Even though Finance Minister Nirmala Sitharaman had tried to ease the situation by stating the…

A community for startup founders, PedalStart, has unveiled its latest initiative, the ‘PedalUp Cohort’. This program is specifically designed to accelerate the growth journey of startups incubated within PedalStart, providing them with the tools, mentorship, and support needed to scale their businesses rapidly. Startups from different domains and stages including Edtech, Logistics, Fintech, Healthcare, Cleantech, Mobility, Gaming, Sports, and Agri have become a part of the Cohort. According to an official release, PedalStart intends to deploy INR 2.5 crore in each cohort and incentivize startups with certain cash prizes and rewards. Note from Founders Commenting on this edition, Manas Pal…

Embarking an entry to India’s EV ecosystem, the oil-to-telecom conglomerate Reliance Industries has unveiled its swappable and multipurpose battery storage technology for electric vehicles, to make a bigger push towards clean energy and transport. The idea behind this innovation is that a person can use one battery for mobility as well as for powering appliances at home. The batteries can be swapped at Reliance’s battery swap stations or recharged by households using rooftop solar panels, which it also plans to sell, according to a Reuters’ report. A company presentation at the Renewable Energy India Expo 2023 in Greater Noida on October 4, showed that…

Renowned actor Nayanthara, director Vignesh Shivan, and serial entrepreneur Daisy Morgan have joined forces to embark on an exciting venture in the skincare industry. Their latest venture, 9Skin, promises to bring about a remarkable transformation in the world of skincare with a fresh perspective on self-care and beauty. This article delves into the details of this groundbreaking brand’s mission and its strategic approach to revolutionising the skincare market. The Booming Skincare Industry in India The skincare industry in India is on a rapid growth trajectory, with projections by Research and Markets estimating its value to reach a whopping $10.31 billion…

In a remarkable feat for Kerala’s burgeoning startup ecosystem, Premagic, a homegrown startup, has secured a prominent position at the esteemed Dubai Gitex Global Tech Exhibition. This marks a historic moment as Premagic becomes the first startup from Kerala to be featured prominently at this renowned event. Premagic’s Innovative AI Technology Shines at Gitex Premagic’s standout contribution to Gitex revolves around its state-of-the-art artificial intelligence technology. The startup’s pioneering use of AI has captured the attention of Gitex attendees, especially in its ability to capture and instantly distribute event photos to participants’ mobile devices. A Boost for Kerala’s Startup Ecosystem…

Union Minister Nitin Gadkari recently embarked on a journey of exploration, visiting innovative urban mobility solutions in both Sharjah, UAE, and Prague, Czech Republic. His visit to the pilot certification and experience centre of uSky Technology in Sharjah left him enthralled by the Sky Bus, an elevated rail cable system designed to revolutionize urban transportation. Here’s a closer look at his experiences and the potential impact of this groundbreaking mobility solution. Sky Bus in Sharjah: A Game-Changer for India’s Urban Mobility During his stopover in Sharjah, Gadkari took a test ride of the Sky Bus and witnessed a safety and…

In a significant stride towards the ‘Make in India’ initiative, Hindustan Aeronautics Limited (HAL) marked a historic moment on Wednesday as it handed over the first LCA Tejas twin-seater aircraft to the Indian Air Force (IAF). This landmark delivery underscores India’s growing prowess in indigenous defence manufacturing. Stepping Up Production HAL has a substantial order of 18 twin-seater LCA Tejas aircraft from the Indian Air Force and is poised to deliver eight of them during the 2023-24 fiscal year. The remaining ten aircraft will follow suit progressively and are expected to be in the IAF’s possession by 2026-27, solidifying HAL’s…

In the fast-paced world of technological innovation, two teenage entrepreneurs have caught the attention of industry heavyweights, including Sam Altman, with their groundbreaking AI startup. Founded this year, Induced AI is on a mission to transform businesses by automating a wide range of workflows in unprecedented ways. In this article, we delve into the remarkable journey of Induced AI, with a particular focus on its influential backers, Sam Altman and Peak XV, as well as its innovative approach to workflow automation. The Visionaries Behind Induced AI At the helm of Induced AI are two prodigious teenagers, Aryan Sharma and Ayush…

On October 1, 2023, S.N. Subrahmanyan stepped into his new role as the Chairman and Managing Director of Larsen & Toubro (L&T), marking a significant milestone in his illustrious journey within the company. Having joined L&T’s ECC Division in 1984, Subrahmanyan ascended the corporate ladder, acquiring invaluable experience and expertise along the way. In this article, we delve into his vision for the company and the steps he plans to take to steer L&T into a promising future. A Visionary Leader’s Inaugural Address In his first address to L&T employees as the Chairman and Managing Director, Subrahmanyan wasted no time…