Author: News Desk

India’s first privately-run train flagged off from Coimbatore The destination is Sainagar Shirdi The train comes under the scheme ‘Bharat Gaurv’ The scheme was launched in November 2021 It allows private entities to operate theme-based train services The Coimbatore-Sainagar Shirdi service is provided by South Star Rail The company has paid for various charges The train has both AC and sleeper coaches

RIL may not announce IPOs for Reliance Retail and Retail Jio in the upcoming AGM Says JP Morgan in a report The Annual General Meeting (AGM) is scheduled around July end or August Speculations were abuzz about the two IPOs IPOs of Reliance Retail Ventures Ltd (RRVL) and Reliance Jio Platform Ltd (RJPL) Reports said each company would raise Rs 50,000- Rs 75,000 crore

E-commerce logistics SaaS company Shiprocket has acquired a majority stake in its competitor e-commerce platform Pickrr for about USD 200 million The deal is done in a mix of cash and equity transaction Shiprocket and Pickrr cater to India’s burgeoning D2C sector The two platforms process 10 million shipments per month Having a substantial customer base of more than 75,000 merchants, including direct-to-consumer (D2C) brands, SME e-tailers, and social commerce sellers

Google-backed technology company Nothing, will manufacture all smartphones that it will sell in India locally It is led by former OnePlus co-founder Carl Pei The Nothing Phone 1 will be the first smartphone from the company It aims to target the premium smartphone buyers with uncluttered and simple user interface experience The smartphone will be manufactured in Tamil Nadu Nothing is developing its own Operating System (OS) for Phone 1, which will be built using Qualcomm’s Snapdragon mobile platform

Alakh Pandey started teaching physics to overcome the financial crisis at home. Little did he expect that it would change his life when he revived his existing YouTube channel PhysicsWallah for posting Physics tutorials for Class XI students and Chemistry classes for JEE mains level. Currently, the channel has 6.87 million subscribers on YouTube. Pandey, the edtech entrepreneur says that many edtech giants have approached him either to join their platform or to acquire his channel. He did not yield as his student community was dear to him. In 2020, he launched a standalone app of PhysicsWallah along with co-founder Prateek Maheshwari as a bootstrapped project. Today, it generates a revenue of Rs…

Several Indian cities have risen in Startup Genome’s global startup ecosystem rankings Delhi rose by 11 places, to rank 26, compared to 2021 Bengaluru moved up one place from last year, to 22 According to Startup Genome, China’s ecosystems have declined in the rankings Asia experienced a 312% increase in the dollar amount of exits over $50 million from 2020 to 2021 India’s recent success is reflected in both Chennai and Pune moving up in the rankings The Chennai ecosystem saw a $1 billion exit in business software startup Freshworks

The startup ecosystem in Kerala has been ranked as the best in Asia and fourth in terms of Affordable Talent in the Global Startup Ecosystem Report (GSER) The report was drawn up jointly by policy advisory and research organisation Startup Genome and Global Entrepreneurship Network The GSER was released in the backdrop of the ongoing London Tech Week 2022 Kerala is highlighted in the report on enriching start-up and economic growth It also cited Government support and tech talent as reasons for startups to move to Kerala and flourish

The two-day Rural Indian Business conclave organised by the Kerala Startup Mission and Central Plantation Crop Research Institute (CPCRI) has been attended by prominent startup founders of India. About 40 prominent personalities addressed the conclave that revolved around the theme ‘how to use technology for the development of rural India.’ It has also been said that digitalisation is important for the survival of traditional industries. Kasaragod MP Rajmohan Unnithan inaugurated the second edition of the Rural India Business Conclave. At the inauguration, A.N. Nellikkunnu MLA said that it is under consideration to start a technology innovation zone in Kasaragod following…

The state government has appointed Anoop P Ambika as the new CEO of Kerala Start-Up Mission (KSUM) He is the Chief Executive Officer (CEO) of Technopark-based Genpro Research The decision was taken by the state cabinet Anoop worked with multinationals like GE, NEC, Lucent and Nortel in various managerial capacities before starting Kreara

Google suspended researcher Blake Lemoine over his remarks on the AI bot He claimed that Google’s AI bot had become sentient His remark was about the AI LaMDa (Language Model for Dialogue Applications) LaMDA is used to create chatbots that interact with human users Lemoine said the Google AI he interacted with was a person He tried to prove it, but senior officials rejected it Lemoine was a software engineer on Google’s artificial intelligence development team Google has now put him on paid leave for breaching the confidentiality policy