Author: News Desk
Lately, India had decided to open up Unified Payments Interface (UPI) to NRIs in ten select countries. The Dubai-based user-generated finance platform Xare’s decision to acquire Bengaluru-based Rive is an example. Rive is India’s first platform that allows credit card users, including international card holders, to scan and pay instantly at 63 million QR codes across India. This causes zero charges to the merchant. With the acquisition, Xare will be able to give UPI access to millions of NRIs visiting India, foreign tourists, and business travellers with international cards. Milind Singh and Padmini Gupta are the co-founders of Xare, a…
A recent estimate suggested that India will make 45–50% of Apple’s iPhones by 2027, on par with China, which produced 80–85% of iPhones in 2022. Luke Lin, a research analyst for DigiTimes, predicts that the greatest winners from the shift in the smartphone supply chain away from China would be India and Vietnam.By the end of 2022, according to Lin, India would produce between 10% and 15% of all iPhones, while the country’s actual output to far is less than 5%. However, Lin predicted that the pace of supply chain migration to India would quicken in the future due to…
Leading international fashion channel FTV’s FTV Salon has opened its first salon in the city near Seematti on MG Road. Fashion TV Managing Director Kashiff Khan and Seematti Silks CEO Beena Kannan were the chief guests of the function. The salon with the best beauty professionals and extremely high standards offers celebrities approved best beauty treatments in a luxurious environment. Anita Naveen is the franchise owner. Fashion TV Managing Director Kashiff Khan said that the salon offers the most luxurious experience a customer has ever experienced and the customer will be looking sharp and refreshed when he or she leaves…
Dubai’s Museum of the Future gets a new robo pet. The robo dog with 3D vision moves using 17 joints. Designed by Boston Dynamics, it uses 360-degree perception to map terrain. It is capable of balancing on uneven terrains such as stairs. Using sensors, it collects 2D and 3D information. It navigates on terrain with the help of machine learning (ML). It will roam the museum lobby and greet visitors. The Museum of Future already has a few robo pets. AI-powered humanoid robot Ameca, robot barista Bob, a robotic flying penguin, and a flying jellyfish are a few
Agricultural food ecosystem has a lot of opportunities for Startups, starting with the input supply with the supply chain which nurtures agriculture like fertiliser, hydroponics, the input systems, as well as the intermediary system and the output system, which is the retail chain networks. Agriculture is moving in the following line, where a lot of precision binds into the input system, so that the data controlling the input system will be an area of interest. Secondly, fertigation technologies and the onsite technologies would have a lot of opportunities to offer. The processing sector, which brings the products on a ready…
The presidential administration of the East Asian nation stated on that the UAE will spend $30 billion in South Korea’s industries.Yoon Suk-yeol, the president of South Korea, made the announcement while on a visit to Abu Dhabi. The action is a part of both nations’ efforts to increase economic relations. UAE and South Korea’s strategic alliance According to Sheikh Mohammed bin Zayed Al Nahyan, president of the UAE, “We have determined a $30 billion investment based on the faith on South Korea which maintains pledges under any conditions,” according to Yoon’s office. The investment will concentrate on the nuclear power,…
For EyeROV, a KSUM-incubated robotic startup, it is a proud moment. The startup has won the National Startup Awards 2022 and received prize money of Rs 5 lakhs in the industry 4.0 sector under the category of Robotics. Established by two IIT-ians- Johns T. Mathai and Kannappa Palaniappan- Eye ROV is a Kochi-based marine robotics company that provides products and solutions in the underwater domain. It is known for indigenous underwater drones/remotely-operated vehicles. Its product ‘EyeROV’, which is India’s first commercial underwater robotic drone, can spot a crack in the hull of a ship or damage to an oil pipeline. It has been…
Telangana-based T-Hub has won the “Best Incubator in India” award at the National Startup Awards 2022. Union Minister for Commerce, Industry and Consumer Affairs Piyush Goyal distributed the award on National Startup Day. T-Hub emerged as the winner competing with 55 others. T-Hub was awarded for its contributions to the growth of the startup ecosystem in Telangana, innovation, and entrepreneurship. According to Jayesh Ranjan, Principal Secretary of the Industries & Commerce (I&C) and Information Technology (IT), T-Hub became a national leader in the field. He believes that the incubator can serve as a blueprint for other organisations and create a…
While addressing the gathering after distributing the National Startup Awards 2022, Union Minister Piyush Goyal said that India now thinks like a startup, relentlessly focusing on newer and better ideas and striving to saturate them throughout the country to improve efficiency, effectiveness, productivity, transparency, and integrity of systems and processes. The Minister congratulated all the winners and said that the Award would inspire them further expand their horizons. Instituted by the Department for Promotion of Industry and Internal Trade (DPIIT), the National Startup Awards recognises and rewards outstanding Startups that provide innovative solutions which lead to large-scale employment and sustainable…
Revolt Motors has become a subsidiary of RattanIndia Enterprise Ltd. RattanIndia has acquired 100 per cent of Revolt Motors’ shareholdings.Revolt Motors is the highest-selling electric bike in India.It has a pan-Indian presence with 30 dealerships.Its manufacturing facility is located in Manesar, Haryana.Revolt’s flagship model RV400 is the most technologically-advanced bike in the world.RattanIndia aims to make Revolt Motors the largest EV two-wheeler company in India.