Author: News Desk
The world’s top producer, user, and second-largest exporter of sugar is now India. Over 5,000 lakh metric tonnes (LMT) of sugarcane were produced in the nation during the sugar season of 2021–2022, of which 3,574 LMT were crushed by sugar mills to generate 394 LMT of sugar (sucrose). Out of this, 359 LMT of sugar was produced by sugar mills, while 35 LMT of sugar was diverted to the manufacturing of ethanol. The season has proven to be a turning point for the Indian sugar industry, according to the Ministry of Consumer Affairs. The season saw the creation of all…
Tech giant Google has started the ‘Google for Startups Accelerator: Circular Economy’ for startups and non-profit organisations in Asia-Pacific and North America. The first cohort will accommodate 10-15 startups and non-profit organisations. Startups that excel in areas such as machine learning, artificial intelligence, and geospatial technologies can apply for the programme. They should be able to solve circularity challenges that involve reuse, refill, recycle, composting, fashion, food, safe and circular materials. Currently, humanity consumes far more than the earth can naturally replenish. The amount of waste created is also on the rise. The concept of Circular Economy discusses the idea…
Everybody has nostalgia connected to samosa. For instance, ‘samosa and chai’ is a hit combination. Entrepreneurs Amit Nanwani and Diksha Pande’s food startup Samosa Party offers a hygienic and authentic alternative to this staple snack of India. Diksha who worked in the Food and Beverage sector and Amit who worked in the corporate world started the startup out of their love for samosa. Amit, a native of Indore, met Diksha, who hails from Nainital, when the latter was working with Pizza Hut’s innovation section. They discussed the lack of global brand recall for Indian street food. Also, in India, samosas…
Taiwan-headquartered Pegatron has invested ₹1,100 crore To set up a new mobile phone manufacturing facility In the Mahindra World City business area of Chengalpattu district near Chennai Through this investment, Pegatron will generate 14,000 jobs in the factory In line with the MoU that the company signed with the Tamil Nadu state government
IAF formally inducted the indigenously-developed Light Combat Helicopter (LCH)Hindustan Aeronautics Ltd (HAL) developed the LCHIt is primarily designed for high-altitude regionsThe 5.8-tonne twine-engine helicopter has some stealth featuresThey include reduced visual, aural, radar and IR signaturesThe LCH has night attack capability and crash-worthy landing gearIt is equipped with manoeuvrability and extended rangeIt is ideal for combat search and rescue (CSAR), and destruction of enemy air defence (DEAD)It is also good for counter-insurgency (CI) operationsIt can be used against slow-moving aircraft and remotely-piloted aircraft
According to TikTok’s most recent Community Guidelines Enforcement Report, between April and June of this year, the platform erased nearly 5 million videos from Bangladeshi users. The most recent report includes data for the months of April, May, and June, which make up the second quarter of 2022. According to the research, Bangladesh had a proactive removal rate of 99.2% throughout this time, removing a total of 4,974,838 films. According to TikTok, these videos were taken down for breaking community rules. Prior to 24 hours after upload, 96.1% of videos were removed, and 96.3% were removed before receiving any views.…
MetaEssence, a firm from the United Arab Emirates, plans to become the first provider of specialised G2B2C (Government to Business to Consumer) utility-based Web3.0 and metaverse solutions. The metaverse, where users undertake secure, verified digital transactions and use cryptocurrencies for payments through Web3.0 applications, is thought to be the next step in the development of the internet. Digital health, the digital economy, and sustainability are the three key business categories that MetaEssence focuses on in order to support Web3.0 and the Metaverse. introducing cutting-edge solutions to quicken the digital transformation of government agencies and organisations, and supporting the goal of…
Famous entrepreneur Atlas Ramachandran passed away . He died of cardiac arrest at the age of 80. He had been battling age-related ailments for some time. Ramachandran was the chairman of Atlas Jewellery .The tagline of the Atlas Jewellery ad made him a household name. The slogan “Janakodikalude Vishwastha Sthapanam” was a hit. Ramachandran was also an actor and film producer. He acted in films like Subhadram (2007), Arabikkadha, Malabar Wedding, Harihar Nagar 2 and others. He was also the producer of Vaisali (1988) and Sukrutham (1994).
The Reserve Bank of India’s card-on-file (CoF) tokenisation norms have come into effect from October 1, 2022. The rules for online payments using credit and debit cards have changed with this. The new rules expect to improve the payment experience of cardholders. It is said to provide a safe and hassle-free payment mode to both shoppers and merchants. What are the new rules? As per the new norms, businesses or payment aggregators cannot save customer card details on their platforms. Only card networks or issuing banks can save card details. Tokenisation replaces sensitive information such as card number, and card…
The world is going to witness a surge in the millionaire population, says Credit Suisse’s annual wealth report. The future of the global economy remains uncertain but, by 2026, the number of millionaires is expected to grow by more than 25 million. The total number would be more than 87 million. That means, in 2026, 1.1 % of the world’s population could be millionaires. In 2021, it was 0.8 %. According to the report, the United States’ millionaire dominance would fade in the coming years due to ‘limited’ economic growth and financial assets such as stocks falling from ‘peak values.’…