Author: News Desk
Edtech startup Byju’s has come up with an ‘optimisation’ planIt is planning to lay off about 2,500 or 5 per cent of its employeesThis is to avoid redundancies and duplication of roles, said the companyThe optimisation will happen across product, content, media, and technology teamsThis will occur in a phased mannerThe company said it looks for profitability by March 2023Byju’s currently has 50,000 workersThe startup registered a loss of Rs 4,588 cr for FY 21The firm is also realigning its marketing spendingThis is to enhance its global footprint
Uttar Pradesh to receive new projects worth Rs 7,000 croreUnion Minister Nitin Gadkari announced itThis includes 13 railway overbridges, Shahabad bypass-Hardoi bypass, and othersUttar Pradesh’s roads will be on par with that of America by 2024The road construction in Uttar Pradesh will utilise ‘trash’This is important for safeguarding the environment, said Gadkari
The government is ready to talk with the startups who are contemplating moving overseas And address their issues as much as it can to help them stay in India, Union Finance Minister Nirmala Sitharaman said. Union Finance Minister Nirmala Sitharaman assured the government’s full support to startups in the country. The country has a favourable environment for startup growth, which is why the number of unicorns in the country has reached 100. Find out what factors attract start-ups in other countries and make efforts to adapt them within the country. Nirmala Sitharaman added that the central government is making special…
The National Centre for Combustion Research and Development (NCCRD) at the Indian Institute of Technology Madras (IIT Madras) and Ashok Leyland, the flagship of the Hinduja group and India’s largest commercial vehicle manufacturer, are working together to develop and commercialise the “Swirl Mesh Lean Direct Injection (LDI) system” technology for a range of hybrid electric vehicles (EVs) using this turbine technology. An indigenously built Micro Gas Turbine is being developed at NCCRD by IIT Madras researchers, according to a press release. The Swirl Mesh Lean Direct Injection (LDI) system, a proprietary combustion technology, is the basis of the Micro Turbine.…
Amul to merge with five other cooperative societies. Together, they will form a multi-state cooperative society (MSCS). The process for the merger has already begun. This is to support the certification of natural products. MSCS will ensure the export of the product.s Farmers will receive the profit in their bank accounts. The Gujarat Cooperative Milk Marketing Federation Ltd runs the Amul brand.
The toy industry in Tamil Nadu can generate 30,000 jobs. This can be achieved with the aid of the state government Chennai and Tuticorin with port connectivity are ideal destinations for the industry. It was observed by the Tamil Nadu Toy Dealers Association. Recently, the Telangana government allotted 1,000 acres of land for the toy industry. Similar support will help the toy industry thrive in Tamil Nadu. In the southern region, Chennai is the capital of the toy market. The toy industry in Tamil Nadu is valued at Rs 600 crore. It can grow further if the government provides land…
Have you ever dreamed of being greeted by a humanoid robot? Walk into the museum of the Future’s ‘Tomorrow Today’ exhibition in Dubai. The museum has employed Ameca, its first robotic member of the staff AI-powered Ameca can greet and interact with visitor.s It’s the world’s most advanced humanoid robot, claims its makers. It can direct visitors and answer their questions. Ameca has face recognition technology and has a sense of humour. Its sensors can track movements in a room ‘Tomorrow Today’ features more than 50 exhibits in five areas. They include waste management, environment, food security, agriculture, and city…
Adani Group is in advanced talks to buy the cement business of Jaypee group, which is currently facing insolvency procedure following the plea by the State Bank of India against its flagship firm Jaiprakash Associates. The Adani Group had lately acquired Ambuja Cements and ACC for $6.5 billion. The acquisition is part of Adani’s plans to double the cement manufacturing capacity to 140 million tonnes in the next five years. Currently, Adani Group is India’s second-largest cement maker. Its annual production capacity is 67.5 million tonnes. Aditya Birla Group’s UltraTech is the country’s largest cement manufacturer. It has a production…
The world’s richest man, Elon Musk, is marketing a brand-new fragrance as he maintains a tradition of making what appear to be jokes into in-demand goods. Musk tweeted about the perfume on Tuesday before changing his Twitter bio to “Perfume Salesman,” calling it “Burnt Hair” and calling it “the essence of disgusting longing.” The scent was priced at $100 per bottle on a separate sales page published by Musk’s tunnelling business, Boring Co. Musk later tweeted that 10,000 bottles had been sold.
Tamil Nadu IT Minister T. Mano Thangaraj said that the Tamil Nadu government is trying to bring technology solutions to the common people such as farmers and backward groups. In each field, the problems that cannot be solved normally are identified and they are tried to solve them through technology. The minister said that work is being done to create a better startup ecosystem in Tamil Nadu. By visiting expos like GITEX we are looking at how it will benefit Tamil Nadu. Currently, Tamil Nadu has a very good number of startups. Startups are active not only in Chennai but…