Author: News Desk
Recent reports say that the world’s highest-valued edtech startup BYJU’S is planning to divert focus on global businesses as the Indian market is shrinking. The focus will be mainly on the US market. The shift in focus is due to the shrinking Indian online edtech market as schools, colleges and tuition centres are reopening. Although BYJU’S is yet to confirm it officially, sources close to the platform report that Byju Raveendran is all set to hand over India operations to Chief Operating Officer Mrinal Mohit. Raveendran is currently meeting investors in the US and the UAE. In March, BYJU’S announced…
The past five months saw the net worth of billionaires Elon Musk, Jeff Bezos, and Bill Gates falling by $115 billion. The figures were released by Bloomberg’s Billionaires Index, which tracks the world’s 500 richest people. According to Bloomberg’s data, Musk’s net worth has fallen by $46.4 billion whereas Bezos’ has come down by $53.2 billion. Gates has lost $15.1 billion. Bernard Arnault, the world’s third-richest person ahead of Gates, has suffered a $44.7 billion decline. Most of Musk’s wealth is linked to Tesla. He has a 15.6% stake in Tesla worth about $122 billion. This year, the electric car…
Innovation, technology, design, entrepreneurship, creativity, digital art, music… The youngsters were thrilled to be in Kochi last week. The Kerala Innovation Week provided a new perspective to the Malayali youngsters. This has become the biggest design-maker-technology fest by the Kerala Startup Mission. The Innovation week, held at Technology Innovation Zone, Kalamassery, began with a cycle rally on May 20. The fest had a ‘makathon’, ‘buildathon’, free robotics workshop, creators’ summit, design-3D maker products, art workshop and the facility to visit the fab lab. The panel discussion ‘Why Hack’ organised in association with Ernst & Young to discuss the need to…
India is ranked among the top five countries in terms of total cybercrime victims It is according to a new report by the United States’ Federal Bureau of Investigation (FBI) The report comes from the FBI’s Internet Crime Complaint Center It showed that even though India is among the top five, the US and UK, have significantly more victims of cybercrime around the world The United States and the United Kingdom recorded the highest cybercrime victims in the year at 466,501 and 303,949, respectively The United Kingdom was followed by Canada with 5,788 total victims Australia ranked behind India with…
A report based on data from the Reserve Bank of India shows that Ambani and Adani together borrowed more than $1 out of every $5 from foreign lenders Mukesh Ambani and Gautam Adani, India’s richest men, have a combined net worth of over $200 billion Their companies together command a market capitalisation of nearly ₹33 lakh crore (approx. $429 billion) In total, Indian companies borrowed $38.2 billion from foreign lenders in 2021-22 Of this, Mukesh Ambani’s Reliance Industries, and the Gautam Adani-led companies borrowed $8.25 billion
The 5G spectrum auction is likely to be delayed again as big tech players compete strongly with telecom service providers to take part in the auction. According to a recent media report, although the allocation of spectrum for private network users has been ruled out in the upcoming auction, these players have approached the government through their representative bodies. The big players argue that keeping them at bay would damage the digitisation process of the economy and make Indian products less competitive in the global market. The Broadband India Forum (BIF), a representative body, is said to have approached the…
Meta introduces 3D avatars across its platformsThey are more customizable, expressive and easy to useThe update includes facial shapes for people with disabilitiesAssistive devices such as hearing aids and cochlear implants are availableApplicable to stickers on Facebook, Instagram DMs, and Messenger as wellUpdate the apps to their latest version to access avatarsOn Facebook, it is available on the ‘see more’ optionOn Instagram, the feature comes under the ‘Account’ option
There is no doubt that the best food for babies is breast milk. However, not all parents, especially in cases of surrogacy or adoption, have an option for breast milk. According to WHO, globally, only one in three babies gets the required breast milk in the first six months. This is where the significance of North Carolina-based startup BIOMILQ’ lies. Currently, it is developing ‘human milk’ outside of the body. How did the startup zero in on the idea? It was first suggested by Leila Strickland, co-founder and chief science officer of BIOMILQ, in 2013. She had heard about the…
ISRO offers a free online course for students above 10 yearsThe aim is to educate students about space science and technologyThe course is available for both Indian and foreign studentsIt is conducted by the Indian Institute of Remote Sensing (IIRS)Both Indian and foreign students can join the courseParticipants should register at the IIRS websiteThe 10-hour course is from June 6, 2022, to July 5, 2022Videos are in English; a quiz will be organised at the end of the courseIndia’s eminent space scientists will lead the courseA certificate will be provided once the course is overStudents need 70% attendance and a minimum of 60% in the quiz for the certificate
For entrepreneurs Mabel Chacko and Deena Jacob, co-founders of Open Financial Technologies, it is a moment of ecstasy. Their venture has become India’s 100th unicorn on May 3 after raising $50 million from Mumbai-based IIFL Finance in a Series D funding round. Registered in Malappuram and headquartered in Bengaluru, Open was founded in 2017 by Anish Achuthan, Mabel Chacko, Deena Jacob, and Ajeesh Achuthan. Mabel, a serial entrepreneur with over 15 years of expertise in fintech, is the COO of Open while Deena, who previously worked with Tapzo and TaxiForSure, is the CFO of Open. Aneesh brings to the table…