Author: News Desk

Boom in space tech startups Indian space technology start-ups are soaring to new heights. Funding into Indian space technology startups increased by 198.67 per cent in 2021 . This touched $67.2 million across 11 rounds, up from $22.5 million in 2020 across nine rounds, according to a media report. The major space tech start-ups which raised funding last year are satellite-based services and applications start-ups Pixxel, Astrome and Dhruva Space. The other top firms to raise funds were Space launch vehicle manufacturing start-ups AgniKul and Skyroot. Pixxel is the highest funded start-up among all. According to the Economic Survey 2022,…

Hyundai’s clarification Hyundai Motor India has said it stands strong on its ethos of respecting nationalism following a backlash in social media after a dealer of Hyundai in Pakistan posted a message supporting separatists in Kashmir. A Twitter account of a Hyundai dealer in Pakistan with handle @hyundaiPakistanOfficial had posted a message supporting Kashmir Solidarity day, supporting what it called as “struggle for freedom”. Following it, #BoycottHyundai trended on Twitter in India with many people asking to stop buying the company’s products in the country. Reacting to the developments, Hyundai Motors India put out a message on social media reiterating…

EV is the future In the recently-presented Union Budget 2022-23, the union government made it clear that electric vehicles are going to be the future of mobility in India in the next decade. The annual sales of electric two-wheelers have witnessed an over 5x growth in this financial year, according to a report by The Economic Times. EV penetration is still low at 0.8 percent despite the growth. Some of the reasons for slow adoption are range anxiety, lack of charging infrastructure and high cost of cars. On the other hand, rising fuel prices have pushed buyers to think of…

https://youtu.be/OeMscCEdp5g E-bike for forest guards The students of National Institute of Technology Karnataka (NITK), Surathkal along with Professor U Pruthviraj, who currently heads e-mobility projects have developed the VidhYug 4.0 electric bike (e-bike) for forest guards. The e-bike has garnered much praise for its reliability in a forest marked by steep inclines and rough terrain. It was unveiled during the ‘Shola Utsav’ organised by the Kudremukh Wildlife Division on November 17 last year, to raise awareness on the importance and conservation of Shola forests to senior forest department officers. “The Kudremukh Wildlife Division, which is home to the vast shola…

https://youtu.be/rB-b1zJPvFA Meta stocks fallIndustrialists Mukesh Ambani and Gautam Adani are now richer than Mark Zuckerberg. This happened after Zuckerberg lost USD 29 billion in net worth on Thursday. Facebook-owned Meta Platorm’s Inc’s stock marked a record one-day plunge. Following the wipeout, Zuckerberg is in the twelfth spot on Forbes’ list of real-time billionaires. This pulled down Zuckerberg’s net worth to USD 85 billion, according to Forbes. Zuckerberg owns about 12.8 per cent of the tech behemoth formerly known as Facebook.

https://youtu.be/zlJxZd41vHw IPO awaitedLIC’s embedded value has been finalised at more than 5 trillion rupees ($66.82 billion), a govt official said. Investors are eagerly waiting for the release of its IPO draft prospectus, which is expected in a few days. The embedded value will help establish LIC’s market valuation and determine how much money the govt raises in the flotationHigh expectations by governmentThat will be crucial to the government to help meet its divestment targets and keep its fiscal deficit in check. LIC has a majority share of the life insurance market in India. The government hopes to raise as much as…

https://youtu.be/HOnW5ipDn64 Products by MarchElectric two-wheeler startup Oben EV will launch the first of its products by March. The firm will deliver its “high-performance” electric bike, Oben Rorr, between April and June. Rorr will have a top speed of 100 km/hr and a range of 200 kilometres. The Rorr will have a fixed battery, which will not allow for battery swapping. The price point would be in the range of Rs 1 lakh to Rs 1.5 lakh. Oben’s future e-bike and e-scooter products will be manufactured at a new facility in Bengaluru.

https://youtu.be/HYJ_HuWlH7c Ambani’s luxury travel Mukesh Ambani, has bought an ultra-luxury Rolls Royce hatchback worth Rs 13.14 crore. According to officials, it is one of the most expensive car purchases ever made in the country. The Rolls-Royce Cullinan petrol model car was registered on January 31 at Tardeo Regional Transport Office. Special number plate The company has opted for “Tuscan Sun” paint for the 12-cylinder car . The car weighs over 2.5 tonnes and produces 564 bhp power. It has also received a special number plate ending with “0001”.

https://youtu.be/DoMdCCH2nAc Fully electric by 2030Tata Motors owns British luxury brands Jaguar and Land Rover. They are exploring partnership opportunities to go fully electric by 2030. JLR has developed two new platforms for the electric transition. The MLA (Modular Longitudinal Architecture) platform can house hybrid and pure electric vehicle solutions.Own electric platform The EMA (Electric Modular Architecture) platform is purely for electric purposes. In addition to these platforms, JLR said it will develop its own electric platform in-house. It will be supported by a £625 million UK government-backed loan.

https://youtu.be/CYzQA4u2GkY Google’s India plans Google had announced $10 billion for Google for India Digitisation Fund last year. It has already invested $4.5 billion for a 7.73% stake in the Reliance Jio Platforms. The firm had recently invested up to $1 billion in Bharti Airtel.”It is a reflection of our confidence in the future of India, its digital economy,” Pichai said. He said his company is thinking deeper about emerging markets like India. Pichai feels that India lines up with Google’s mission of building a more equitable Internet for everyone. YouTube continues to drive significant engagement for the firm globally including in India,…