Author: News Desk
Edtech unicorn PhysicsWallah demonstrated robust financial performance in FY23, maintaining profitability with a remarkable 3.4 times surge in total revenue, reaching INR 798 crore, as disclosed in the financial report by the Noida-based firm. The revenue from operations witnessed a substantial increase, reaching INR 771.76 crore in the fiscal year ending March 2023, compared to INR 232.47 crore in the previous fiscal year and INR 24.6 crore in FY21. PhysicsWallah expanded its reach, providing education to nearly 24 lakh students across various exam categories, a significant rise from over 9 lakh students the previous year. The growth in student numbers…
In a recent post on Agarwal’s social media, he shared some intriguing ideas about the future of Ola’s S1 electric scooters. Seeking opinions on providing rental services for S1 scooters in entertainment cities across India, Agarwal aims to reshape the dynamics of intra-city commuting. The post also encourages feedback on the best locations for rental services, hinting at Ola’s intention to cater to the diverse tourism packages offered by tour operators in the country. This move could potentially lead to Ola scooters becoming a common sight in various tourist destinations. Expressing keen interest in the opinions of individuals with valuable…
The video market in India has surged to a value of $13 billion, positioning the country as the third-largest player in the Asia-Pacific region, trailing behind China and Japan. The data is sourced from a report by Media-Telecom Partners, an Asian research firm that has exited the global market. India’s rapid growth has propelled it to become the fastest-growing video market globally. Media-Telecom Partners conducted a comprehensive analysis encompassing user engagement, viewership, consumers, advertising revenue, and profits across various segments, including social videos, premium advertising, video-on-demand subscriptions, pay TV, and free TV. According to their findings, India’s video market is…
In a landmark collaboration, India is set to launch a communications satellite using SpaceX’s Falcon-9 rocket later this year, marking the first partnership between the country and Elon Musk’s ventures. This strategic alliance aims to elevate India’s broadband communication capabilities, particularly in remote and underserved regions, as announced by NewSpace India Ltd (NSIL), the commercial arm of India’s space agency. The Satellite Mission Scheduled for launch in the second quarter of this year, the high-capacity satellite, weighing 4,700 kg, surpasses the current highest spacecraft launching capacity of 4,000 kg held by India’s space agency ISRO. The mission’s primary objective is…
SpaceX, under the visionary leadership of Elon Musk, has embarked on a groundbreaking mission to transform global communication. The recent launch of 21 state-of-the-art Starlink satellites marks a significant stride towards achieving universal mobile phone connectivity. Among them, six satellites are engineered to pioneer the innovative ‘Direct to Cell’ service, a game-changing development announced by the company in 2022. Direct to Cell: A Milestone in Connectivity The primary objective of this ambitious project, as disclosed by SpaceX on a recent occasion, is to enhance worldwide connectivity and eliminate cellular dead spots. The six satellites equipped with ‘Direct to Cell’ capabilities…
Ahead of the eagerly awaited 10th edition of the Vibrant Gujarat Global Summit, the state government has set the stage ablaze by sealing a remarkable 234 Memorandums of Understanding (MoUs). These agreements signify an extraordinary cumulative investment exceeding Rs 10.31 lakh crore across diverse sectors, with the potential to create a staggering 13 lakh job opportunities. Inking the Agreements The recent signing ceremony held in Gandhinagar saw the fruition of 58 MoUs, each representing a distinct commitment from various companies. This event showcased an impressive intention to invest Rs 7.12 lakh crore, paving the way for the creation of approximately…
Telegram is rolling out a new update featuring enhanced calls with a redesigned interface to conserve battery life. The update includes dynamic background changes based on call status, requiring fewer resources and ensuring improved performance, especially on older devices. Telegram plans further enhancements to connection and audio quality in 2024. Updates extend to Telegram’s bot platform, enabling bots to react to messages, manage reactions, quotes, and links, and provide replies to other chats or topics. Bots can also retrieve information about giveaways and boosts in channels where they serve as admins. Additionally, Telegram introduces the vaporize animation for both iOS…
Tesla is gearing up to make its entry into the Indian market, and there are strong indications that the electric car manufacturer’s inaugural production facility in the country will be established in the state of Gujarat next year. Negotiations for Tesla’s first manufacturing unit in India are in the final stages, and reports suggest that the formal announcement may occur during the upcoming Vibrant Gujarat Summit in January 2024. Gujarat, located in the western part of India, has been a favored location for businesses, already hosting manufacturing units for major automakers like Maruti Suzuki. Potential sites for Tesla’s manufacturing plant…
Prime Minister Narendra Modi inaugurated and initiated projects worth INR 1,150 crore in the Union Territory of Lakshadweep. These projects, launched in the presence of numerous islanders, include the Kochi-Lakshadweep Islands Submarine Optical Fibre Connection (KLI-SOFC) project. Announced during Modi’s Independence Day speech in August 2020, this initiative aims to address the challenge of slow internet speed in Lakshadweep by increasing it from 1.7 Gbps to 200 Gbps. The connection through a submarine optical fibre cable signifies a significant upgrade in communication infrastructure, benefiting internet services, telemedicine, e-governance, education, digital banking, and literacy in the islands. Additionally, the Prime Minister…
In a strategic move to revolutionise the global ecommerce landscape, Binny Bansal, co-founder of Flipkart, has unveiled his latest venture, OppDoor. This Singapore-based startup is set to empower ecommerce brands in expanding their reach across international online marketplaces such as Amazon and Etsy, facilitating more effective utilisation of these platforms for global sales. Despite multiple attempts, Bansal was unavailable for immediate comments on his new venture. Seamless Global Expansion with OppDoor OppDoor stands as a beacon for ecommerce brands aspiring to make a mark on the global stage. The startup offers a comprehensive suite of services aimed at streamlining the…