Author: News Desk
Microsoft India launched two new programmes for Indian startups. The Microsoft AI Innovate programme, which is curated for AI entrepreneurs, is now in its second season, and the second cohort has been announced. They also launched a hackathon to give developers the tools and resources needed to help businesses create digital solutions that “encourage commercial innovation, social entrepreneurship, and sustainability.” AI Innovate programme Software as a service (SaaS) firms whose main apps or services are built utilizing artificial intelligence (AI) technology are invited to apply for the second season of Microsoft AI Innovate. Startups will work with Microsoft’s development and…
For the majority of industries, the COVID-19 pandemic has been a crisis period. However, a few sectors thrived during the period. One among them is the foodtech industry. As people remained inside their homes to contain the spread of the coronavirus, food delivery riders delivered orders to customers at their homes taking a huge risk. This has eventually resulted in the growth of the industry. In India, the two major players were Swiggy and Zomato. Their order numbers hit a record level. Still, the industry had to face some challenges. One of the problems was achieving the smart margins. Low AOVs, high delivery costs and deep discounts adversely…
Amid concerns about recent electric scooter fires, the center is reviewing the standards for batteries for electric motorcycles. The new standards may focus on ensuring higher production, cell and battery storage and recharging standards, among other safety features.The government is not currently considering ordering a recall of electric motorcycles, but instead awaits reports from recent fire investigations conducted by the Indian Institute of Science and the DRDO Institute. Earlier, Ministry of Road Transport and High School Secretary-General Giridhar Aramane said that the government is working on consumer safety and will take corrective action in the coming days. In a recent…
The Meta-owned platform WhatsApp is working on new features that would be available exclusively for WhatsApp Business Accounts. As of now, WhatsApp, one of the widely used instant messaging platforms in the world, offers free services to all sorts of customers. The new features, which would come under the ‘Linked Device’ section will, however, be on a subscription basis. Reports say that WhatsApp is now working on an elaborated and updated interface for the ‘Linked Device’ section. In this new interface, WhatsApp will employ an entirely different description for multi-device. With this, users can add multiple devices to their accounts…
A Netherlands-based assistive technology company has released its latest smart glasses designed to help the visually impaired read documents, scan faces, and assist navigation with the help of artificial intelligence. California State University, Northridge recently featured these smart glasses at a conference. It uses artificial intelligence to read signs at a train station, printed documents or words on any object. Users can also have their surroundings described aloud. Features It can brief each piece of text in more than 60 languages, including longer texts, street signs, and even book pages. Through video calls, another person can verbally guide the user…
Reliance Retail announced that it will showcase genuine handmade products and launch several new initiatives to promote Indian art forms around the world. At the forefront of the program is the Reliance Retail Swadesh brand. This is a purely craftsmanship store format for handmade products across the country. The initiative mentioned by the company aims to revitalize a variety of traditional Indian arts and crafts. Swadesh will also build a global marketplace for Indian artisans and sellers of genuine handmade products. RiSE-Reliance Foundation Initiative for Skills Improvement-Centers have been established in all states to promote the heritage of India. The…
Real-life Blockchain Applications for the common man ‘Blockchain’ is one of the most used words in modern times. It is often used in connection with cryptocurrencies. However, the concept of blockchain is not limited to cryptocurrencies. Supply chain management These days, it is imperative for companies to act fast and efficiently because people want their products to be delivered quickly. This supply chain trend gained momentum during the Covid-19 Pandemic. To make this supply chain faster and more efficient, blockchain technology can be used. With this technology, it is possible to track everything – from placing an order to delivering…
The Adani Group to invest Rs 10,000 cr in West BengalThe investment will take place over the next decadeAdani said the new investment will create 25,000 direct and indirect employmentHe announced it at the Bengal Global Business Summit 2022 (BGBS)Focus will be on digital innovation via world-class port infrastructure, advanced data centres, and undersea cablesGroup company Adani Wilmar already HAS an edible oil plant in HaldiaAdani is also the highest bidder for the Tajpur deep seaportThe state has not yet acknowledged Adani Port as L1 bidder
IMF Managing Director Kristalina Georgieva says high growth rate of Indian economy gives hope to the world The IMF MD said that this is good news for India and the whole world where recession is a major problem The IMF has forecast strong growth for India at 8.2 per cent in 2022 According to the IMF, India is becoming one of the fastest growing economies in the world India’s economy is growing twice as fast as China’s Global growth will slow down to 3.6 percent in 2022 from 6.1 percent in 2021 IMF MD responds that India has contributed to…
UK Prime Minister Boris Johnson is on a two-day visit to IndiaDuring his visit, he will announce several commercial agreementsIndia, UK to confirm more than 1 billion pounds in new investmentsThe investments will range from software engineering to healthThe UK PM will use his visit to reinforce trade opportunities with IndiaThis, in turn, will drive jobs and growthFor eg, the opening of Asia Pacific HQs in Chennai will create over 1,000 jobs in the UK and IndiaThe UK will also confirm the joint investment for Indian deep-tech and AI startups