Author: News Desk

Foxconn Technology Group has received approval to inject at least $1 billion more into its upcoming plant in India, dedicated to manufacturing Apple products. This substantial increase represents a significant step in Foxconn’s strategic efforts to establish a key manufacturing hub outside of China, according to reports from Bloomberg. With this additional capital injection, Foxconn’s total investment in the facility is set to reach approximately $2.7 billion, positioning it as a crucial element in the company’s manufacturing footprint in India. The approval comes following the Karnataka state government’s confirmation of a $1.67 billion investment, solidifying Foxconn’s commitment to expanding its…

Nourish You, India’s pioneering superfood brand announces the 100% acquisition of leading vegan dairy brand, One Good, in a landmark moment in India’s burgeoning plant-based foods ecosystem. ‘One Good’ is known for its efforts in innovating to offer vegan milk at a lesser cost as compared to cow’s milk in select pockets of the country. It continues its mission of enabling access to high-quality, accessible plant-based nutrition for all. Being a prominent player in the vegan dairy category, One Good has acquired 3 plant-based companies till date. “From introducing India to the power of superfoods and now acquiring One Good,…

Google Messages, a widely used messaging app offering text, image, and video messaging capabilities, appears to be in the process of developing a new feature akin to WhatsApp’s ‘Edit’ function. In a beta version of the app, code analysis by TheSPAndroid has uncovered the inclusion of four new flags: ‘bugle.enable_edit_ui,’ ‘bugle.load_edit_history,’ ‘bugle.process_outgoing_edits,’ and ‘bugle.process_incoming_edits.’ Currently inactive, these flags seem to be placeholders for a message editing feature, allowing users to edit sent messages. While message editing isn’t part of the RCS (Rich Communication Services) standard by default, Google has previously introduced features such as end-to-end encryption. This suggests that adding…

The Indian Railways is gearing up for a revolutionary transformation, setting a target of deploying 4,500 Vande Bharat trains across the country by 2047. This ambitious plan, unveiled by Union Minister Jyotiraditya Scindia, aims to redefine rail travel on the existing tracks in India. The next three years will witness the commencement of operations for high-speed Bullet Trains, with Gujarat being the first state to experience this modern marvel. Gujarat Takes the Lead: Inaugurating Bullet Train Era Gujarat is set to witness the inauguration of India’s first Bullet Train, marking the beginning of a new era in rail transportation. This…

In a significant move towards democratising quality education, the Union Education Ministry has unveiled SATHEE, a dedicated portal aimed at providing top-notch educational resources to students gearing up for competitive examinations like JEE, NEET, and various state-level engineering and other exams. Developed in collaboration with IIT Kanpur, SATHEE, short for Self-Assessment, Test, and Help for Entrance Examination, is an open learning platform designed to be accessible to all students. AI-Powered Learning Tools Underlining its commitment to modern education methods, SATHEE incorporates AI-based tools, specifically chatbots, to offer students valuable insights into effective exam preparation strategies. This tech-infused approach enhances the…

Hon’ble Prime Minister Shri Narendra Modi inaugurated the Global Partnership on Artificial Intelligence (GPAI) Summit at Bharat Mandapam, New Delhi, emphasizing the significant role India plays in the field of AI. The GPAI, consisting of 29 member countries, aims to bridge the gap between AI theory and practice by supporting cutting-edge research and applied activities in AI-related priorities. In his address to the gathering, PM Modi expressed his delight at India leading the GPAI Summit in 2024 amid the global debate on artificial intelligence. Recognizing both the positive and negative aspects of AI, he highlighted the responsibility each nation holds…

SpiceJet, grappling with financial challenges, has found a much-needed lifeline with a substantial investment of Rs 2,254 crore. The infusion of funds, achieved through the issuance of 130 million convertible warrants and 320.8 million fresh equity shares, marks a pivotal moment in the journey of the beleaguered airline. Diverse Investor Pool: The fundraising effort involves 64 investors, including prominent funds like Elara India Opportunities Fund, Aries Opportunities Fund, Prabhudas Lilladher, Nexus Global, and notable individuals like Harihara Mahapatra and Arjun Juneja of Mankind Pharma. Financial Landscape: Despite financial challenges, the shares will be issued at Rs 50 per piece, signaling…

Despite an overall decline in startup funding throughout 2023, the GenAI sector has experienced unprecedented success, securing a staggering $10 billion, marking a remarkable 110% increase from 2021. This stands in stark contrast to the broader startup landscape, which witnessed a 65% decrease in venture capital funding, plummeting to $224 billion. The Startup Winter Phenomenon: The decline in startup funding, commonly referred to as ‘startup winter,’ is attributed to escalating interest rates, looming recessionary risks, and a challenging macroeconomic environment. However, the resilience of GenAI startups stands out, underscoring the transformative potential of this technology across diverse sectors. Geographical Dominance:…

UAE-based electric vehicle startup, EVLAB, has unveiled a groundbreaking all-in-one mobility app, revolutionising the region’s EV landscape. The app provides a convenient platform for drivers, offering seamless options for rental, leasing, and hosting of various electric vehicle (EV) brands. Driving Sustainability with EVLAB: EVLAB’s comprehensive mobility app aligns with the surging global trend towards sustainable living. With the EV market witnessing exponential growth, surpassing 10 million sales in 2022, the Middle East, including the UAE, is at the forefront of electric mobility. The EV market in the UAE is projected to surge at a remarkable 30% annually from 2022 to…

Amazon has initiated a trial of humanoid robots at one of its US warehouses, aiming to automate certain operations. The two-legged robot, named Digit, is designed to grasp and lift items, currently being utilized for shifting empty tote boxes within the warehouse. However, concerns have been raised about the potential impact on Amazon’s extensive human workforce of nearly 1.5 million individuals. Tye Brady, Amazon Robotics’ chief technologist, acknowledged that the deployment of robots might lead to some job redundancies but argued that it would also create new opportunities. Digit, developed by Agility Robotics with Amazon’s investment through its Industrial Innovation Fund, represents a departure from the company’s previous warehouse robots, featuring a…