Author: News Desk

Sanjeev Nair has taken charge as the new Chief Executive Officer of Technopark. The Technopark personnel welcomed him when he arrived on Thursday. Sanjeev Nair, a former Army officer and accomplished project and operations management professional, has over 20 years of experience leading large teams in Information Communication Technology System Operations, Operational Services, Organizational Strategy Innovation, and Strategic Project Management on important missions in the Army. Additionally, he oversaw the Sales and Business Development division of an M.S.M.E. focused on Cyber Intelligence and Data Analytics products. He oversaw initiatives to foster innovation and prototype development in the Department of Defense…

Maruti Suzuki has revealed its first-ever electric vehicle (EV) concept – the eVX SUV – at the Auto Expo 2023 The company also showcased satin black editions of the Grand Vitara and the BrezzaMG Motor launched the Hector facelift in the Indian market at a starting price of Rs 14.73 lakh, and the eHS plug-in hybrid at the 2023 Auto Expo. Shah Rukh Khan launched Hyundai’s made-in-India Ioniq 5 at a starting price of Rs 44.95 lakh (ex-showroom)The 2023 Auto Expo Motor Show also revealed Kia EV9 ConceptThe Next-gen Carnival (KA4) will be Kia’s next luxurious offering in IndiaTata Motors revealed the Prima G.35K commercial vehicle along with the Intra bi-fuel as well as Yodha CNGTata…

At the Auto Expo 2023, commercial vehicle maker Ashok Leyland unveiled six new “alternative energy” items. The vehicles on display were “green,” running on hydrogen and electric power. A battery electric car, a fuel cell vehicle, a hydrogen ICE vehicle, a liquefied natural gas vehicle, an intercity CNG bus, and a compact passenger bus are among the new items.The Lithium-ion battery that powers the battery electric car is charged externally. According to the manufacturer, this vehicle has a lightweight construction that gives it a payload advantage. Hydrogen fuels the fuel cell electric vehicle. The fuel cell uses hydrogen and oxygen…

According to data from the Henley Passport Index, the UAE has maintained its 15th place as having the strongest passport in the world. 178 of the 228 nations allow entry without a visa for those possessing UAE passports. Based on the number of places passport holders can visit without a prior visa, the Henley Passport Index ranks different international passports. According to the report, “global travel is currently at about 75% of pre-pandemic levels, and those with the opportunity to do so appear to be embracing what has been dubbed ‘revenge travel’. ” The Middle East’s and GCC region’s strongest…

The funding challenge faced by startups is worldwide. Funding can fluctuate. But Startup India representative Astha Grover told channeliam.com that the current situation does not affect Startup India’s funding. Incubators are also now being assisted under the Seed Fund Scheme. Credit guarantee schemes also help startups to a great extent. A third party evaluation is being conducted to see how effective the seedfund scheme is. This test will help Startup India to make the seed fund scheme a bit better. Startup India provides Rs 1000 crore fund exclusively for women entrepreneurs. A dedicated mentorship platform will be created for startups.…

The South Indian Bank launched an MSME online portal that offers instant online “In Principle” approval of up to $1 crore. The government is aiming to strengthen the MSME sector because they are the key economic pillars. The central government is considering making India a $5 trillion economy, which is the background to this development. MSMEs are being helped to obtain immediate funding through South Indian Bank. Thousands of small and medium-sized businesses will benefit from this initiative’s speedy financing availability. “India is a hotspot for MSME’s, and we are sincerely motivated to assist this sector by giving quick facility,”…

In terms of startup funding, Bengaluru topped the list in 2022 with $10.8 billion. Bengaluru was followed by Mumbai ($3.9 Billion) and Gurugram ($2.6 billion). Startups in Delhi and Chennai recorded $1.2 billion each, said the data by Tracxn, a global market intelligence firm. Pune startups registered $1 billion in funding. According to the report, compared to the previous year, the fund flow was less in 2022. This shows the impact of funding winter in the startup sector. In 2021, Begaluru-based startups received $20.8 billion in funding while Mumbai-based startups gained $5.2 billion. If there were 46 unicorns in 2021,…

With PM 2.5 levels more than twice the permissible limit and the third highest average PM10 concentration, according to new data from the Central Pollution Control Board, Delhi was the most polluted city in India in 2022. According to a research by NCAP Tracker cited by PTI, PM2.5 pollution in the national capital has decreased by more than 7% over the course of four years, from 108 micrograms per cubic metre in 2019 to 99.71 micrograms per cubic metre in 2022.The NCAP Tracker project, a collaboration between the news site Carbon Copy and the Maharashtra-based start-up “Respirer Living Sciences,” tracks…

Hitachi Payment Services and BharatPe have acquired preliminary approval from the Reserve Bank of India (RBI) to function as payment aggregators. As a payment aggregator, Hitachi will be able to offer its business-to-business (B2B) clients value-added services and digital payment products like EMI, PayLater, BBPS, and loyalty programmes.By expanding its market, BharatPe would be able to offer options for accepting digital payments. Payment aggregators make it easier for businesses and e-commerce sites to accept many forms of payment from their clients. They help merchants communicate with acquirers. The central bank has given its in-principle clearance for fintech companies like Razorpay,…

Refrigerators and ceiling fans might cost up to 12% more, or possibly up to 20% more for 5-star rated products, after the Bureau of Energy Efficiency (BEE) amended criteria took effect on January 1, 2023. For the first time in the country, ceiling fans are now subject to the nation’s mandated star labelling laws. According to the updated BEE requirements, energy efficiency would be further tightened “to achieve worldwide standards and efficiencies in terms of units consumption.” Prices of products could increase by 2–3% depending on models and star ratings as a result of increased cost inputs needed to attain…