Author: News Desk
Chinese internet giant Baidu offers nighttime driverless taxis in China.This would be a big leap in autonomous driving in China.The public can ride Baidu’s robotaxis in Wuhan from 7 am to 11 pm. There is no need for safety drivers behind the wheel.Earlier, its unmanned vehicles could operate only between 9 am and 5 pm. The new scheme would cover one million customers in Wuhan. Baidu uses third-party cameras, radar, and lidar to drive better in low-visibility conditions. Baidu started the driverless robo taxi service in August .in Q3, it completed more than 474,000 rides.
Reliance Jio, an Indian telecom firm, announced a partnership with Xiaomi India to provide all users of Xiaomi 5G smartphones with a “True 5G” experience. Through this collaboration, owners of Xiaomi and Redmi smartphones will be able to play low-latency games, stream videos nonstop, and make high-definition video conversations. Users must switch their preferred network type on their Xiaomi or Redmi smartphone to 5G in order to access Jio’s True 5G Standalone (SA) network. Along with the existing devices that have been software modified to support True 5G, all new Xiaomi 5G devices will ship with SA connectivity. In a…
Since the government’s Stand-Up India program’s April 2016 debut, women-led business units have benefited most from it, accounting for 80.2% of bank loans approved as of early December. As of December 2, 2022, 1,59,961 loans had been approved for entrepreneurs, of which 1,28,361 loans went to women entrepreneurs, 23,797 loans to members of scheduled castes, and 7,803 loans to members of scheduled tribes, according to data recently shared in the Rajya Sabha by state minister of finance Bhagwat Karad. The programme was established to encourage female and SC/ST entrepreneurs by providing bank loans between Rs. 10 lakh and Rs. 1…
The latest Bloomberg Billionaires Index has been released. French business magnate Bernard Arnault is the world’s richest man with a wealth of 161 billion dollars.Arnault is the chairman of LVMH Moet Hennessy Louis Vuitton, the world’s largest luxury goods firm. Tesla founder Elon Musk holds the second position with 140 billion dollars.India’s Gautam Adani comes third with a net worth of 120 billion dollars. Adani is one of the billionaires who have added to his wealth. The majority have lost their wealth in the last year.
During the period of April to November 2022, smartphone shipments from India crossed the Rs 50,000-crore threshold, increasing 110% from the same time last year, at a time when exports in several sectors are either declining or, at best, maintaining flat. Additionally, this is 10% more than the Rs 45,000 crore registered for the entire FY22. Apple contract manufacturers Foxconn, Pegatron, and Wistron, all of which are based in Tamil Nadu, as well as Samsung are the key drivers of this enormous expansion. Nearly 40% of the cellphones worth Rs 50,000 crore that are exported from India are iPhones, which…
Chanda Kochhar was a familiar face who frequently appeared on the covers of Forbes and Fortune. She is a Padma Bhushan recipient, a pioneer of the nation’s retail banking revolution, a celebrity CEO, and an icon for women. She played a key role in turning ICICI Bank into the largest private sector lender in the nation. The Central Bureau of Investigation (CBI) detained Chanda Kochhar and her husband Deepak in relation to the suspected fraud and irregularities in loans approved by ICICI Bank to businesses belonging to the Videocon Group. Kochhar, who was a favourite of former company chairman KV…
The Kinetic Group plans to launch the electric version of its once-popular Luna.Kinetic Green Energy & Power Solutions will launch the ‘E-Luna’ soon.The group has commenced the initial stages of production. The company has developed all major subassemblies such as the main chassis, main stand, and side stand for E-Luna.The initial production capacity would be 5,000 sets per month.Kinetic Group expects the business to bring more than Rs 30 cr annually in the next two-three years.Kinetic launched Luna 50 years ago at a price of Rs 2,000.It went on to become the most efficient, affordable, and convenient transportation solution in India.At its peak, it held a 95 per cent market…
The job market in UAE is growing fast. More companies are opening offices in the country. The country would present more job opportunities in 2023. Jobs related to technologies such as AI, machine learning, and digital transformation will be popular. Problem-solving and self-management skills too will be in demand. Hospitality, tourism, aviation, logistics, construction, and e-commerce will also flourish.
Under the new “Amrit Bharat Station Scheme,” the railroads intend to upgrade 1,000 minor but crucial stations. This is in addition to the audacious proposal to remodel 200 large stations as part of a different redevelopment initiative. According to officials, the small stations will be determined based on the cities they serve as well as their foot traffic.Along with the DRMs, a separate fund will be set aside for this objective. The project document states that it wants to create roof plazas and city centres at stations and to prepare master plans for railroad stations and implement those in phases…
The Karnataka Government is all set to launch a new Karnataka Startup Policy 2022. The policy would nurture 25,000 startups in the next five years by providing incentives that include a venture fund of Rs 100 crore. The 100-crore fund will support innovative and deep-tech startups in AI, machine learning, electric vehicles, robotics, and drones. Besides, the startups will also receive a lump sum grant of up to Rs 50 lakh. The venture fund’s 25 per cent will be earmarked for startups by women. Rs 15 crore will be spent on establishing a Center of Excellence for Assisted Technology. The…