Author: News Desk
Sequoia Capital India and Southeast Asia announced the launch of Pathfinders. Pathfinders is a platform that connects early stage founders in India and Southeast Asia with global operators who can help startups succeed in emerging markets with a US focus. The platform connects founders with experienced leaders to help founders accelerate their business-building journey, formulate go-to-market strategies, acquire their first batch of global customers, hire key employees, and help rethink business design decisions.Pathfinders harnesses the power of the international network Sequoia has built over his 50+ years to help companies get a head start on their global ambitions. Founders provide …
With a HDI value of 0.633, India positioned 132 out of 191 nations in the 2021 human development index, as per a report delivered by the United Nations Development Programme (UNDP). India is set in the mediumHuman Development category.In the 2020 report, India had 0.645 and was positioned 131 among 189 nations.Human development is a proportion of a country’s well being, training, and normal pay.It has declined for quite some time – 2020 and 2021 – turning around five years of progress, the report said.India’s downfall is in accordance with the worldwide decay. Without precedent for 32 years human development…
Indian Railways has drawn up plans to become an exporter of wheels and issued a tender on Friday to build a factory that will produce at least 80,000 wheels each year, Labor Minister Ashwini Vaishnaw said. At a press conference, Vaishnaw said the forged wheels needed for high-speed trains and LHB coaches are now being produced at the Make in India factory and the annual Rs 600 crore will secure procurement of 80,000 wheels. He said it was the first time railways had put out a tender to build a wheel factory in India and invite private contractors to manufacture…
India’s Telecom Regulatory Authority (Trai) has said it is working on a new caller ID feature “like Truecaller” and will allow users to see the caller’s name instead of the number. In an interview, Secretary of Trai V Ranghunandan said: This is a conversation with the service provider and we are working on it now… we need to track spam calls in India on an ongoing basis. ” According to Truecaller, India ranked fourth among all countries receiving the most spam calls in 2021. Regarding spam calls, the secretary said: There are technology solutions such as AI that providers can…
In the startup ecosystem, sustainability model has many takers. Many startups upcycle industry by-products into valuable materials. Bengaluru-based startup ‘Loopworm’ is an instance. Started by IIT friends Abhi and Ankit Alok Bagaria, the startup turns food waste into valuable raw materials. Both Abhi and Ankit wanted to be social entrepreneurs working on the growing issue of food/agri-based waste. The idea was to upcycle the waste and make it a part of the food chain once again. After research, they realised that insects are the way for it. It was a UN report that stated ‘insects are the future of food and feed’ inspired the duo start Loopworm. Insects are natural converters of these…
Emirates is one of the world’s top 10 airlines by passenger volume, carrying over 19 million passengers last year. The Dubai-based airline was ranked seventh when aviation analytics firm Cirium released its 2021 World Airline Passenger Rankings. Emirates flew his 19.6 million passengers around the world last year. This is a 199% increase compared to 2020, when travel disruptions from the Covid-19 pandemic peaked. The ranking is dominated by US airlines, with American Airlines taking the top spot, followed by Delta Air Lines, United Airlines and Southwest Airlines for earnings per kilometer. It is calculated by multiplying the number of …
Tata Motors launched India’s first CNG truck in the medium and heavy commercial vehicle (M&HCV) segment. The models are powered by the 5.7-litre SGI engine. It generates a peak power of 180hp and torque of 650Nm. It offers a range of up to 1,000 km. The trucks address the need for safe transportation. Most truck makers now offer CNG only in the small and light commercial vehicle segments.
Larsen & Toubro Group’s Mindtree plans to set up a development center in Kolkata that could create 15,000 to 20,000 jobs over the next four to five years. The IT services company has already added 1,700 employees to its existing facility in West Bengal’s capital. The development center can create employment opportunities for 15,000 to 20,000 people. The IT company announced the opening of its first development center in Kolkata in March. Larsen and Toubro’s board of directors announced in May that the association plans to merge two publicly traded IT services companies to create a combined entity. During the…
Global services company EY announced that it has decided to pursue a partnership to split into two separate multidisciplinary organizations. EY said in a statement that the decision was taken after a strategic review. This is expected to split its advisory and auditing activities into two separate bodies in certain jurisdictions. However, in India there is already a distinction between audited and unaudited practices as statutory audits are conducted by a separate organization, SRBC & Co LLP. The impact of the global decision on EY operations in India is not yet known. A global split of the business is expected…
Twitter has announced plans to expand its community fact-checking program Birdwatch with a new form of content moderation. Twitter is reportedly expanding the program to half of all US users. The company launched the Birdwatch project last year to give more context to misleading tweets by gathering more relevant information from viewers. Previously, only a few people could view Birdwatch notes, but all of them were published on the website at Birdwatch. Birdwatch on Twitter previously had a limit of 15,000 contributors writing fact-checked notes. Birdwatch’s latest expansion plans will add approximately 1,000 new contributors each week. Twitter’s Birdwatch project…