Author: News Desk
Temasek-backed firm Licious, which has previously mostly concentrated on animal meat, on Monday unveiled UnCrave, a direct-to-consumer (D2C) plant-based meat division, in an effort to reinforce its house of brands approach. During its early stages, the company will rely on Licious’ supply network to ship its goods to Delhi, Mumbai, and Bengaluru. In the coming months, the company stated, it will expand into the other major cities in India. Only the top seven metro areas will receive Licious’ attention over the next 12 months. UnCrave will only currently sell “vegetarian chicken and mutton” items, but Bhasin noted that the company’s…
The Indian startup ecosystem is the world’s third-largest one with more than 75,000 startups that include about 100 unicorns. Across the world, the covid-19 pandemic had adversely affected the startup ecosystem. Now, the ecosystem is going to be impacted by the rising interest rate scenario. At this juncture, India has proposed a new group at the G-20 level to support startups in addressing various issues such as the lack of finance faced by the ecosystem. India would assume the presidency of the G-20 grouping in December. The G-20 grouping should work towards creating and adopting guiding principles for open source…
Billionaire Elon Musk’s SpaceX-owned satellite internet service provider Starlink is in talks with the Department of Telecommunications (DoT) for the licence to offer satellite-based communication services in India. Reports say that Starlink will apply for this within a month. In the country, to offer satellite-based communication services, companies should get the Global Mobile Personal Communication by Satellite (GMPCS) license from the government. It also needs approval from the Telecom Regulatory Authority of India (TRAI). A year ago, Starlink had started accepting bookings for its satellite-based services but called it off as per the government directions. The GMPCS license is issued…
The world’s largest tech event GITEX GLOBAL 2022 in Dubai is about the start of the digital and entrepreneurial revolution. UAE Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications Omar Bin Sultan Al Olama said in his welcome speech that the UAE and Dubai believe in the power of globalisation. He added that he hoped the discussions at GITEX Global would create ‘sparks’ capable of changing the world. Chief AI scientist, Dr.Tian Qi spoke about the possibilities of artificial intelligence in the first session of the summit. Artificial intelligence is capable of making great contributions to…
The Abu Dhabi Civil Defense unveiled a Thermite Robot at Gitex Global, which is equivalent to ten firefighters. The robot’s 2,500 gallon per minute water-pump spout will be very useful for putting out flames in high-risk areas. The Thermite Robot includes two waterspouts, the bigger of which may be used to spray water over a burning object while the smaller spout can be used to spray water in a more controlled manner.It can run continuously on diesel for 20 hours before requiring a refill.It may be operated using a remote control up to 300 metres away.A specialised arm in front…
The Indian Pavilion at GITEX-2022, Gulf Information Technology Exhibition, the world’s largest technology exhibition, was inaugurated by Dr. Aman Puri, Consul General of India in Dubai. Around 200 Indian companies, including startups, are participating in the Expo and the India Pavilion. This makes India the largest representative among the participating countries. About 40 startups from Kerala are participating. Dr. Aman Puri said that this is the biggest representation. Dr. Puri said that India and the UAE share strong cultural and economic ties and this has been further boosted with the signing of CEPA earlier this year. Dr. Puri also said…
For Indians, the United Arab Emirates is the most chosen destination for jobs. UAE’s recently issued advanced visa system will have a huge impact on tourists and those who wish to work or live in the UAE. As per the new rules, visitors can stay in the UAE for 60 days. Earlier, it was 30 days. Those with a multi-entry tourist visa can stay in the country for up to 90 days in a row. The new rules offer a golden opportunity for job seekers. With the new job exploration visa, professionals can seek employment opportunities in the UAE without…
Amazon.com Inc. announced that it will accelerate its effort to become carbon-neutral by investing more than 1 billion euros ($974.8 million) in electric vans, lorries, and low-emission package centres across Europe over the next five years. The store claimed that the investment was also intended to promote innovation in the transportation sector and encourage the development of more public charging stations for EVs (EVs). By 2025, the US online retailer expects its fleet of electric vans in Europe to more than triple, from 3,000 to more than 10,000 vehicles. The firm stated that over 100 million parcels were delivered by…
Asimov Robotics Asimov Robotics Pvt Ltd is a start-up engaged in the design, manufacture and maintenance of robots and related technologies. Asimov Robotics was launched in 2012. Asimov robots operate using a variety of technologies. For example systems like autonomous navigation, that enables robots to work independently. Asimov also uses machine vision technology to recognize faces, images, and objects, and a manipulation system that moves the robot. Asimov robots collect data from humans through sensors like Wheel Encoders, Joint Encoders, Lidar, Proximity Sensors, Camera and Indoor GPS. Asimov robots can be used in any customer-facing field, such as banking, security,…
Porsche becomes Europe’s most-valuable carmaker. The sports car brand overtook Volkswagen. Porsche’s share price rose after investment banks’ purchase. The banks purchased around 3.8 million shares for 312.8 million euros. On Monday, Porsche’s shares fell below their listing price to 81 euros. But, in terms of a wider fall in markets, Porsche shares rose to 93 euros. It gave Porsche a market valuation of 85 billion euros. Volkswagen was valued at 77.7 billion euros.