Author: News Desk
Chinese regulators have put forth radical draft rules that seek to limit smartphone screen time for individuals under the age of 18 to a maximum of two hours per day. The proposed rules by the Cyberspace Administration of China (CAC) demonstrate Beijing’s efforts to exert control over digital life in the country and combat addiction to apps and smartphones among young users. Implications for Tech Companies If the draft rules are implemented, they could have significant implications for tech giants such as Tencent and ByteDance, who operate some of China’s largest mobile apps. The regulations are part of a broader…
Samsung, the tech giant, has introduced its ultra-luxurious Micro LED TV in India, a stunning piece of technology that comes with a jaw-dropping price tag. The massive 110-inch smart TV is not only big in size but also in terms of its luxurious features and craftsmanship. 1. A Display of Opulence: The Price Tag The new Samsung Micro LED TV comes with an eye-popping price of Rs 1,14,99,000, making it a television that rivals the cost of a house. This luxury TV is designed for consumers who seek an ultra-premium display, fitting seamlessly into lavish interior spaces. 2. Unmatched Display…
Indian Railways is set to introduce a new variant of the highly acclaimed Vande Bharat Express, this time in a sleeper configuration. Following the success of the AC chair car Vande Bharat Express, the railway authorities are now gearing up to launch a more comfortable and luxurious option for overnight travel. Manufacturing Project in Progress The ambitious project aims to manufacture 200 Vande Bharat sleeper train sets. The responsibility has been divided between two consortia: Rail Vikas Nigam Limited (RVNL) and Russia’s TMH secured the contract to produce 120 sets, while the consortium of Titagarh Wagons and BHEL will manufacture…
Elon Musk’s Tesla India Motor & Energy Pvt Ltd has recently secured office space in Pune’s Panchshil Business Park, Viman Nagar. The move comes after a delegation of Tesla executives met with the commerce and industry minister to discuss incentives and benefits for selling electric cars in India. The Lease Agreement Details According to the Hindustan Times, Tesla has entered into a five-year lease agreement with Tablespace Technologies Pvt Ltd for 5,580 square feet of office space. The lease will begin on October 1, 2023, with a lock-in period of 36 months and an annual escalation clause of 5 percent.…
Indian healthtech startup ConnectedH shuts down due to market realities, adding to the list of startups affected by the funding crunch in the ecosystem. ConnectedH’s Decision to Wind Up Operations ConnectedH, a healthtech startup backed by Kalaari Capital, has become the latest victim of the funding winter as its founders decided to cease operations last month. In a LinkedIn post, cofounder Suresh Singh announced the closure and expressed his gratitude towards the team members who have now found their next roles. The startup faced market challenges that proved insurmountable with the available resources and its place in the ecosystem, leading…
Tesla CEO Elon Musk recently shared a photo of the “Tesla Phone” on Twitter, sparking excitement among his followers. The phone comes with pre-installed X and is said to likely have connectivity to Starlink, Tesla’s satellite internet service. Netizens couldn’t contain their curiosity and flooded Musk with questions about the phone’s features and capabilities. Tesla Phone Sparks Curiosity After Musk’s tweet about the Tesla Phone with X pre-installed, Twitter users expressed their interest in using the phone. Some wondered if it would have connectivity to Starlink, while others inquired about its compatibility with “Free Speech” servers and operating system (xOS).…
After decades of patient nurturing, Reliance Life Sciences (RLS) is poised to become the next big thing from the Reliance stable. The biotechnology firm, fully owned by investment companies of Mukesh Ambani, is making strategic moves to expand its capabilities and enter new segments. With the construction of a new plant underway and plans to address unmet medical needs in rare genetic diseases, RLS is set to emerge as a leading player in the biopharmaceuticals segment. 1. A Grand Vision: RLS is rapidly transforming its Dindori campus into a fully integrated manufacturing facility. With a budget of Rs 4,400 crore,…
In a significant development, Binny Bansal, co-founder of Flipkart, along with early investors Accel and Tiger Global Management, have completely exited the e-commerce giant by selling their stakes to Walmart. The deal, valued at around $35 billion, reflects the tremendous growth of Flipkart and marks one of the largest exits in the Indian startup ecosystem. Let’s delve into the details of this mega deal and the impressive returns generated for the stakeholders. 1. Accel and Tiger Global’s Stakes: Both Accel, India, and the US initially held over 20% in Flipkart when they first invested in 2008. However, over time, their…
India proudly announces the establishment of the world’s second largest 5G network, propelled by the fastest 5G rollout with an impressive 300,000 sites set up within a span of 10 months. Telecom minister Ashwini Vaishnaw revealed this remarkable achievement in a Koo post on Tuesday, highlighting the nation’s rapid progress in the 5G ecosystem. Record-Breaking 5G Rollout Telecom service providers Bharti Airtel and Reliance Jio played a pivotal role in setting up over 3 lakh 5G sites across 714 districts in India. As of July, the number of sites had reached 2.8 lakh, showcasing the nation’s unparalleled dedication to expanding…
After a sluggish performance in June, the Unified Payments Interface (UPI) in India experienced a remarkable resurgence in July, witnessing a 6.6% month-on-month (MoM) growth with 996 Cr transactions. This impressive surge brings UPI tantalisingly close to its ambitious target of achieving 1,000 Cr transactions per month. The data, released by the National Payments Corporation of India (NPCI), indicates substantial growth in both transaction count and value, showcasing the ongoing dominance of UPI in the digital payments landscape. 1. UPI Transactions Reach INR 15.34 Lakh Cr in July 2023: The month of July 2023 saw a remarkable upswing in UPI…