Author: News Desk
Astrek Innovations, founded by Robin Thomas, Jithin Vidyadharan, Alx M Sunny, and Vishnu Sankar in 2018, is revolutionising rehabilitation technology. Their flagship product, an innovative robotic exoskeleton, aims to assist individuals with physical challenges in daily activities and rehabilitation exercises. Astrek’s Exoskeleton stands out for its adaptability and versatility. It facilitates walking, exercising, and rehabilitation, offering a more fluid and natural experience. Equipped with sensors and machine learning, it provides accurate data for monitoring and control. Astrek’s device has the potential to streamline rehabilitation, allowing physiotherapists to manage multiple patients efficiently. With clinical trials on the horizon, the team anticipates…
Kia, the South Korean automaker, has ambitious plans for its presence in the Indian market. The company intends to introduce nine electric vehicles (EVs) in India next year and commence local production by 2025. Tae-Jin Park, Managing Director and CEO of Kia India, shared with PTI, “In 2025, we would initiate local production of a mass segment EV, and then every year, we will keep introducing electric models.” When discussing government policies for the EV segment in India, Park acknowledged the differences compared to other advanced markets like the United States, Europe, or South Korea. He highlighted the absence of…
Google and Alphabet CEO Sundar Pichai recently shed light on the significant downsizing the tech giant underwent in 2022, involving approximately 12,000 job cuts. This marked the most extensive layoff in the history of Alphabet. Defending the Decision: During a recent all-hands meeting, Sundar Pichai defended the decision to reduce the company’s workforce by six percent in 2022. The CEO addressed concerns and explained the rationale behind the unprecedented move. Employee Impact: Addressing a question during the meeting about the aftermath of the layoffs on growth, profit and loss (P&L), and employee morale, Pichai acknowledged a substantial impact on employee…
Krutrim SI Designs, the brainchild of Ola co-founder Bhavish Aggarwal, has recently introduced a groundbreaking family of multilingual artificial intelligence (AI) models designed specifically for the Indian ecosystem. Named ‘Krutrim,’ which translates to ‘artificial’ in Sanskrit, these models aim to address the distinctive requirements of the Indian market. Krutrim Models for India: Krutrim is presented in two sizes, each catering to different needs. The base model, Krutrim, has been trained on an extensive 2 trillion tokens and unique datasets. Additionally, a more advanced model, Krutrim Pro, is set to launch next quarter, offering enhanced problem-solving and task execution capabilities. Bhavish…
On December 17, Prime Minister Shri Narendra Modi is set to inaugurate the newly constructed Surat Diamond Bourse in Gujarat, with an estimated cost of INR 3,400 crores. Positioned as the “world’s largest corporate office hub,” this diamond bourse, located in Surat’s Khajod locality, aims to become a global epicenter for both rough and polished diamond trading. Featuring over 4,500 interconnected offices, the Diamond Bourse stands as the world’s largest interconnected building, boasting a substantial 67 lakh square feet. The facility also houses India’s largest customs clearance house. The primary objective behind this establishment is to streamline the import, export,…
The Department of Telecommunications (DoT) has issued an order that effectively brings the operations of the Doosra app to a halt. Doosra is known for providing users with secondary mobile numbers, which they can use for transactions at shops or online platforms where sharing a number is mandatory. This innovative service helps users avoid potential spam messages or calls associated with providing their primary numbers. Notably, Doosra follows a standard telecom practice by requiring users to furnish identification when purchasing a secondary number. Aditya Vuchi, the founder of the ‘virtual mobile number’ app, has emphasized its utility for customers who…
Lalit Khaitan, a leading figure in India’s alcohol industry, is now ranked among the top billionaires in India by Forbes. With a net worth of $380 million, Dr. Lalit Khaitan is the chairman of Radico Khaitan, an 80-year-old company. Lalit Khaitan’s rapid growth in the liquor business has propelled him to the top of Forbes’ latest billionaire list in India. He has achieved this by steering Radico Khaitan through the swift expansion of the Indian alcohol industry. Magic Moments Vodka, 8 PM Whisky, Old Admiral Brandy, and Rampur Single Malt, produced in the foothills of the Himalayas, are some of…
In the wake of the successful Chandrayaan-3 mission, Indian Space Research Organisation (ISRO) Chief S Somanath has declared that India’s lunar endeavors are far from over. Speaking at the Rashtrapati Bhavan Cultural Centre, he expressed ISRO’s ambitious plan to retrieve moon rocks from the lunar surface. Moon Rocks Mission: A Formidable Challenge Acknowledging the complexity of the mission, Somanath emphasized the technological challenges involved in safely landing on the moon, recovering samples, and returning to Earth. He highlighted the intricacies of autonomous operations, stating that the sample return mission demands advanced technology beyond the current capabilities. Four-Year Target: Human Presence…
The Bhabha Atomic Research Centre (BARC) has devised a method to preserve onions for an extended period with the use of radiation technology. Using the irradiation process, BARC aims to increase the shelf life of onion, allowing them to remain fresh for up to eight months. This technology holds promise for farmers, as it enables them to store produce without the risk of spoilage. The KRUSHAK Irradiation Centre in Lasalgaon, Nashik, can stockpile 250 tons of onions using radiation technology. Fruits like mangoes and tomatoes are also treated at the irradiation center in Lasalgaon, ensuring they stay fresh for an extended period.…
Adani Ports and Special Economic Zone (APSEZ) is charting a strategic move with plans to issue up to 10 billion rupees (approximately $120 million) in bonds through private placement. This initiative marks a significant development as it represents the company’s first foray into the local currency market in the past two years. Sizing up the Offering Insiders familiar with the matter have disclosed that the proposed bond issuance has a base size of 5 billion rupees, with an additional 5 billion rupees earmarked for oversubscription. This move aligns with APSEZ’s financial strategy, aiming to capitalize on market demand and potential…