Author: News Desk
The Apple growers in Himachal’s Tribal district Kinnaur are ready to embrace the revolutionary drone transportation. Soon, it would become a regular phenomenon in this remote area. At the Rohan Kanda village in Kinnaur district, the Vegrow apple procurement agency successfully did the trial of drone transportation of apples in association with Skyeair. Apple boxes weighing 20 kilograms were carried from an orchard to the main road, covering a distance of 12 km. This was completed in six minutes. Currently, they are working on the cost aspect. Vegrow’s target is to carry about 200 kg of apples in one go…
Apple supplier Foxconn invests $500 million in India despite supply chain disruptions at its key iPhone plant in China. TechCrunch reported quoting a company stock exchange filing in Taiwan where it said Foxconn’s Singapore subsidiary is investing the capital in Hon Hai Technology India Mega Development Pvt Ltd. This is part of Apple’s efforts to ramp up manufacturing plans for both iPhones and iPads in India and Vietnam. The China unrest over the Zero-Covid policy has caused this shift. The policy severely disrupted Apple’s supply chain, leading to a sharp shortage of new iPhone 14 Pro models. According to reports, Foxconn’s Zhengzhou…
The Board of Control for Cricket (BCCI) is the wealthiest governing body for cricket in the world. The net worth of BCCI has grown incredibly over the years. The current net worth of BCCI is about $2.25 billion. In the 2014-15 period, it was Rs 5,438.6 cr. The current net worth of ICC is $2.5 billion. Without a doubt, we can say that BCCI is one of the most influential boards of cricket such as the England and Wales Cricket Board and Cricket Australia. What has encouraged this massive growth of BCCI? The commercialisation of broadcasting rights that happened in the 1990s has thrust BCCI into this strong position. Its growth has not stuttered since then. The Indian Premier League (IPL), partnerships with BYJU’S and Paytm, and broadcasting rights and digital rights with Start…
Kalari Club Dubai achieves Guinness World Record. The record is for most people simultaneously performing Kalarippayattu, a martial art form. A total of 270 students took part in the event. The students were between the ages of 4 and 60. They stood in the formation of a falcon to set the record. The event was done as part of the UAE National Day Celebrations. Dr Rahis Gurukkal, the founder of the club, put forward the idea. The students demonstrated Kalari moves using swords, knives, and sticks.
The Indian Space Research Organization (ISRO) and Social Alpha have today signed a memorandum of understanding (MoU) to establish the SpaceTech Innovation Network (SpIN), India’s first specialised platform for innovation curation and venture development for the burgeoning space entrepreneurial ecosystem. This innovative partnership, a first-of-its-kind public-private partnership for start-ups and SMEs in the space industry, will work to identify and unleash the market potential of India’s most promising space tech innovators and entrepreneurs. It is a significant step forward in providing further stimulus to India’s recent space reform policies. The main objective of SpIN will be to support space technology…
Emirates Telecommunications increased its ownership of Vodafone Group to 11% but stated that it does not intend to make an acquisition bid for the British telecommunications company. The largest stakeholder in Vodafone, a telecom corporation located in the United Arab Emirates, historically owned around 10% of the British business. Nick Read, the chief executive officer of Vodafone, said on Monday that he would retire at the conclusion of the current fiscal year. Vodafone issued a profit warning last month after its shares have lost more than 20% of their value so far this year and virtually halved during Read’s leadership.
IIT Madras successfully deployed Sindhuja-1, an ocean wave energy converter. It was deployed at the Tuticorin coast in Tamil Nadu. The device was installed at a depth of 20 meters Prof. Abdus Samad led the research and was assisted by MS students Vishnu Vijayshankar and Suman Kuar. He said the project can help India utilise marine energy and fight climate change. The system of Sindhuja-1 is divided into three segments. A floating buoy, an electrical module, and a spar. The goal is to generate 1MW of power through ocean waves in three years.
UAE strengthens Emiratisation targets. The Ministry of Human Resources and Emiratisation (MoHRE) is observing the progress. Emiratisation aims to give opportunities to nationals in the private sector. It says that companies with more than 50 workers should have 2 per cent of Emirati employees. And, they must be employed in skilled jobs. Companies that fail to achieve targets will be fined from January 2023.
Indian Agrifood startups earned a record $4.6 billion in Investment during FY 2021–22, an increase of 119 percent year over year. India surpassed China as the region’s largest financier of Agrifood-Tech Innovation. According to the research by VC companies AgFunder and Omnivore, Farmtech Entrepreneurs received $1.5 billion across 140 deals, an increase of 185% compared to the previous year. Startups in e-grocery and restaurant marketplaces received close to $3 billion in funding, or about 66% of the overall investment. Additionally, deal activity climbed to 234 deals in FY2022 from 189 deals in FY2021. From $1.77 billion in FY2021, downstream startups…
The Nagpur metro rail project in Maharashtra was recognised by the Guinness Book of World Records for constructing the longest double-decker viaduct with an elevated highway and Metro Rail supported on a single-column pier. This engineering achievement has already been recognised by the Asia Book of Records and the India Book of Records. They also acknowledged the achievement of building three metro stations atop a double-decker structure. This 3.1 km double-decker viaduct was jointly constructed by Maha Metro and NHAI on Nagpur’s Wadha road. A three-layered transportation corridor was made possible by this double-decker viaduct, with an existing highway occupying…