Author: News Desk

Indian tech startups raised $15.7 billion in CY22, Revealed a report by the National Association of Software and Service Companies (NASSCOM). The volumes of deals grew by 78% YoY. The fintech sector grew the most in the Q3 of CY22 Enterprisetech, healthtech and edtech followed. On the investor front, Blume Ventures (15) cracked the maximum deals. Sequoia India (12) and Accel (11) came in the next two places. Now, India’s startup ecosystem is valued at about Rs 3 trillion. It includes more than 110 unicorns and 75 or so soonicorns.

Jack Dorsey, co-founder and former CEO of Twitter, announces a new social media platform. His firm Bluesky Social is accepting beta users. Interestingly, Dorsey announced it soon after Musk purchased Twitter. Bluesky Social is based on the blockchain. It has got 30,000 sign-ups within two days. Its USP is its technology called ‘AT Protocol’. It gives users control of their algorithms. Dorsey co-founded Twitter in 2006. He was its CEO before Parag Agarwal. He was against Twitter adopting an advertising model. He left Twitter to start a decentralised social media platform.

Starting on November 2, the Uttar Pradesh Government will hold a three-day event with an emphasis on the food processing sector. The “Agro Based MSME Udyami Mahasammelan” will be held as part of the promotion of the establishment of food processing companies in the MSME Sector in the largest state in India. The focus will be on start-ups and prospective business owners who wish to establish food processing industries in UP, as well as current business owners who are engaged in agro-based food processing industries/businesses, mostly in the MSME Sector and who want to diversify and expand. Around 100 exhibitors…

Experthub Robotics, which creates intelligent humanoid service robots to support businesses with Barista Bot, HR Happiness Bot, Waiter Bot, Order Taker Bot, Retail Promoter Bot, Event Host & Promoter Bot, Entertainer Bot, Recruiter Bot, Assistant Bot, and Smart Office Buddy Bot, usher in the next era with their robotic solutions, offering Robots, maintenance, and software support with a two-year warranty. These AI-enabled robots succeed in a variety of industries, including health care, hotels, restaurants, cafés, retail & malls, events & exhibitions, corporate offices, and public services, thanks to their professional and pre-trained HR BOTS and humanised approach. The humanoid service…

Kerala Startup Mission (KSUM) introduces The Internet of Cattle (IoC) Innovation Challenge. The challenge is to develop cost-effective Internet of Things (IoT) devices for cattle. Startups can take part in the challenge. The devices should be able to monitor cattle. This would help in the early detection of diseases. They should introduce animal identification systems like Aadhaar ID. This will allow the identification of animals Register at https://iotsummit.startupmission.in/innovation-challenge/. The last date for submission is November 15.

At the Sheikh Mohammed bin Rashid Global Aviation Awards, Dubai Airports, the company that runs Dubai International (DXB) and Dubai World Central (DWC), received the Best Aviation Sustainability Program (Environment pillar) award in recognition of its ongoing work to foster the growth of a more environmentally friendly aviation sector. The International Civil Aviation Organization (ICAO(the )’s award’s sponsor) 41st General Assembly recently featured a notable event in Montreal, Canada. Dubai Airports received recognition for its efforts as a pioneer in the international aviation sector in putting into practise its continuous sustainability programmes.These initiatives include introducing electric and hybrid ground service…

India’s defence ministry is the world’s biggest employerRevealed the report by Statista, a German private organisationThe ministry employs 2.92 million peopleIt includes active service personnel, reservists, and civilian staffThe US Department of Defense comes secondIt provides jobs to 2.91 million peopleIndia’s military spending ranks third highest in the worldUS and China hold first and second positions in terms of military spending

Google has made progress in the Avatar universe. The giant IT company has acquired Alter, a startup that creates avatars using artificial intelligence (AI). The search engine company reportedly closed this acquisition for $ 100 million (about Rs 824 crore). In order to construct their virtual identities, social media users can use Alter to create avatars using AI. To compete with competing platforms like Tiktok and increase its content, Google has made a huge deal out of it. This deal was completed by Google roughly two months ago. But neither of the two businesses has made this information public. Some…

India is a fast-growing aviation market in the world. Soon, India would be one of the top three countries in airline traffic: PM. The next five years would see millions of new passengers. The whole scenario would change within the next 10-15 years. India will need 2,000 new passenger and cargo aircraft. The upcoming C-295 military transport aircraft facility in Gujarat would enhance the aerospace sector. It can improve India’s aerospace and defence sectors. It is a joint venture of Tata Advanced System and Airbus Defence and Space of Spain. It will manufacture 40 transport aircraft for the Indian Air…

Jamshed J. Irani, popularly known as the “Steel Man of India,” passed away on Monday at the age of 86 at Jamshedpur’s Tata Main Hospital. Irani worked for Tata Steel for more than 40 years, and the corporation tweeted about his passing to the public. In June 2011, Irani stepped down from the Tata Steel Board of Directors. Jamshed J. Irani: Who was he? Irani was born on June 2, 1936, to Jiji and Khorshed Irani in Nagpur, Maharashtra. In 1956, he completed his BSc from Science College in Nagpur, and in 1958, he graduated from Nagpur University with his…