Author: News Desk

MG Motor India Plans Stake Divestment and Expansion with Electric Vehicles. A majority of MG Motor India’s operations in the nation are going to be sold. According to a report in Autocar Professional, it is having conversations with potential Indian partners to that purpose. Shanghai Automotive, the biggest automobile manufacturer in China, is the owner of the British-made MG Motor India. In 2023, the details of the divestment’s final announcement will be made public. In addition, the article stated that MG Motor India is thinking about putting its company on Indian stock exchanges. Plan 3.0 by MG The Business sale is in line with MG’s 3.0 strategy for the nation, which is set…

Drug Discovery with Generative AI: The Insilico Approach  With the application of generative AI, the company is now poised for a revolution in drug discovery that will not only speed up the development of cancer medications but also result in significant financial savings. According to Alex Aliper, co-founder and president of Insilico Medicine, “the entire [drug discovery] process is extremely inefficient, slow, and expensive so it takes over 10 years to develop a drug.” Alex Aliper spoke exclusively with Arabian Business. Currently, bringing a medicine to market takes between 10 and 12 years and costs close to $2 billion. This is a significant problem…

Hyundai Motors has announced a fresh investment of Rs 20,000 crore in Tamil Nadu. The production of electric vehicles is about to increase and the company, Hyundai Motor India Limited, is preparing for growth. In order to do this, the Tamil Nadu Government and the South Korean passenger vehicle manufacturer have agreed to a major investment of Rs.20,000 crore to be made over a ten-year period (2023–2022) along with the creation of an electric car battery pack assembly facility, as well as new vehicle platforms and models.

Dubai is home to the biggest residential tower in the world with 81 floors and 1,701 housing units in Dubai’s Habtoor tower. The Habtoor Tower is being constructed in the Business Bay neighborhood, next to the Dubai International Financial Center, and on Sheikh Zayed Road facing the Burj Khalifa. The 3,517,313 square foot new tower, which is being constructed in Al Habtoor City, will be completed in 36 months. 

PM Modi Inaugurates Rs 5,500 Crore Worth Infrastructure Projects in Rajasthan. Prime Minister Narendra Modi unveiled several Infrastructure and Developmental projects worth over Rs 5,500 crore in Rajasthan. During his visit, he inaugurated the construction of new roads, dedication of new highways, and laid the foundation stone for the Railway sector in Nathdwara. In particular, the Prime Minister dedicated three National Highway projects to the Nation, including the 114 km long six lane Udaipur to Shamlaji section of NH-48, the 110 km long four lane with paved shoulder Bar-Bilara-Jodhpur section of NH-25, and the 60 km long 2 lane with…

Secure and Convenient Payment Transactions with UPI 123PAY from Tata Capital. Tata Capital, the Tata Group’s financial services subsidiary, is now introducing the UPI 123PAY digital payment option. According to a press release from Tata Capital, it is an immediate IVR-based payment system that allows customers to perform secure transactions via feature phones as well as smartphones. ToneTag VoiceSe powers the NPCI-created UPI 123PAY service. 123PAY UPI service “The UPI 123PAY solution will be one more option in the bouquet of payment collection solutions for Tata Capital customers,” according to a news statement from the company. It will be especially…

Here are the functions, advantages, and disadvantages of end-to-end encryption End-to-end encryption (E2EE) is a secure communication model that encrypts data on one device and only allows the recipient to decrypt it. This ensures that data is kept confidential and secure from unauthorised access. The encryption keys for E2EE are generated and stored on the devices of the sender and recipient, meaning that not even the service provider can access the data. E2EE is becoming increasingly popular as people become more aware of privacy and security concerns related to digital communication. Many messaging apps, such as WhatsApp and Signal, now…

Amara Raja’s Gigafactory Sparks India’s Electric Revolution, Ignites Hope Amara Raja Batteries Limited inaugurated Telangana’s first Gigafactory on Saturday. It will manufacture lithium-ion batteries and is expected to cost Rs.9, 500 crore over the next ten years, making it one of India’s largest gigafactories. According to media sources, the work began after a ceremony at Divitipalli in Mahabubnagar district, in which state IT and industries minister K T Rama Rao also placed the foundation stone. The ceremony on Saturday marked the start of the Amara Raja Giga Corridor, which would produce lithium cells and battery packs with capacities of up to 16 Gigawatt hours (GWh) and…

Google has made waves in the tech industry yet again, with the introduction of their new Generative AI Chatbot, Bard. The chatbot has been launched in 180 countries, including India, where it has been received with much enthusiasm. Bard is built on the GPT-3 architecture and has been designed to generate answers to open-ended questions, setting it apart from Google’s existing chatbot, ChatGPT, which is designed to answer fact-based queries. One of the most significant features of Bard is its ability to generate original responses in natural language. It has been trained on a vast corpus of text data, allowing…

UAE plans to expand EV charging infrastructure to meet rising demand.  The UAE intends to build EV charging stations that are both speedier and less expensive. Suhail Al Mazrouei, Minister of Energy and Infrastructure, stated that the UAE is trying to implement new rules that will shorten charging times while maintaining high efficiency and a reasonable price. Mr Al Mazrouei stated on the sidelines of the World Utilities Conference 2023 that there are plans to increase the number to 800 outlets in the coming year, according to news agency Wam. A Dh600 billion plan to invest in clean and renewable energy sources over the next three decades is part…