Author: News Desk

https://youtu.be/4sQeMi65QlMSpaceX incorporates 100% India subsidiary – Starlink Satellite Communications Pvt Ltd.This aims at providing satellite-based broadband services in 12 remote districts. Starlink is aiming for 200,000 satellite broadband terminals in India by Dec 2022.Of this, 80% would be in rural districts.Starlink is working closely with Niti Aayog to bring broadband connectivity to 100 schools. A media report said that the average cost of the service would be similar across the world.In India, the cost of Starlink’s satellite broadband service will be around Rs 1 lakh annually.The kit, which includes the dish, modem and cable, will cost about Rs 40,000.

https://youtu.be/TdproolfQA8Reliance will open the world’s first rooftop, open-air, Jio Drive-in Theatre in Mumbai. The drive-in theatre will be at Jio World Drive (JWD). The theatre will be operated by leading multiplex chain PVR.  Jio Drive-in has a capacity for 290 cars and boasts of the biggest cinema screen in town. It is equipped to provide viewers with an unparalleled cinematic experience.  This concept promises to be a completely new source of entertainment. It will bring a new way of watching movies from one’s car, Reliance said in a statement. It claims to bring the best retail and entertainment experiences from around the world to Mumbai.

https://youtu.be/0-nWZgAxE6ALogistics startup Delhivery seeks to raise about $998 million in its Initial Public Offering (IPO). Delhivery plans to issue new shares worth $669 million. The rest of the capital will be utilized to buy existing shares, the company said in a filing. The 10-year-old startup was valued at over $3 billion four months ago. The firm is backed by SoftBank, Tiger Global Management, Times Internet, among others. Delhivery has a presence in over 2,300 Indian cities and more than 17,500 zip codes. The Gurgaon-headquartered firm has raised $1.37 billion in funding over the years.

https://youtu.be/4Cy_pW4JJDsApple CEO Tim Cook says the firm earned nearly one-third of its revenue from emerging markets.It doubled its business in India and Vietnam in fiscal 2021, he said.Apple posted a 29% year-on-year growth in revenue at $83.4 bn in the fourth quarter ended on Sept 25, 202. Its net income stood at $20.55 billion in the said quarter as against $12.67 billion last year.Its total net sales stood at $365.8 billion during the fiscal year ended in September 2021.Cook said Apple is optimistic about the future as they see strong demand for their products.Apple was the highest growing brand in the…

https://youtu.be/iu3B_UGaE4gThe centre has asked ONGC to give away a 60% stake in the Mumbai High and Bassein oil and gas fields to foreign entities. The government cited low productivity of the Mumbai High and B&S offshore assets as the reason. “The field has substantial potential to contribute to domestic production,” a media report said. Pipelines and platforms on the fields are ageing and need replacement, it said. The ONGC will find this challenging as its development projects have lagged. Procedural aspects and other constraints will not encourage ONGC to take quick decisions. The Petroleum Ministry also said that domestic crude oil production dipped…

https://youtu.be/vPFoATYLkcc Chinese vehicle maker BYD’s Indian arm has launched its ‘all-new e6’ model.  The ex-showroom price is Rs 29.6 lakh. The newly launched MPV will not be up for sale as a passenger vehicle.But, it will be available for the Indian B2B segment. The new e6 MPV is offered with a 71.7 kWh Blade Battery.The carmaker claims that it can return a range of 520 kms on a single charge in city conditions. It offers a top speed of 130 kmph. The electric MPV e6 can be recharged through both AC and DC fast charging facilities.

https://youtu.be/6YWpqNQrCsAThe share of the large informal sector in overall economic activity dipped sharply in 2020-21, an SBI report said. This shows a greater shift towards the formalisation of the economy. The share of the informal economy may have shrunk to no more than 20% of the economic output. A senior SBI official termed this “a positive development”. An IMF policy paper had estimated that the share of India’s informal economy in the Gross Value Added was at 53.9%. The informal sector consists of unorganised enterprises employing hired workers. The highest share of such unorganised activity is in agriculture where holdings are small.

https://youtu.be/TGsHH4ayP08Ather Energy has launched the next generation of public fast-charging infrastructure, Ather Grid 2.0.It will have enhanced safety and faster bug resolution, according to the company.Grid 2.0 will support Over-the-Air updates, allowing new features and bug fixes to all systems on the field in real-time. The network installation has already begun in Bengaluru and Chennai.Ather aims to fast track its ambition of setting up 500 fast-charging infrastructures The charging infrastructure will be available to all those who adopt the connector standard. The firm is in the advanced stages of talks with multiple partners for the same.The rapid charging network is available to all…

https://youtu.be/0Ml8pOaqLBw AI School of India, Chennai, has launched India’s first AI LAB.It has a global curriculum to provide students with transformational Artificial Intelligence and Coding learning. AI World School is the technology provider to AI School of India for the AI LAB.The AI curriculum is specially curated by Engineers & Educators of the AI School of India.They are trained and certified by ISTE, USA, Intel, IBM, and other institutions.It is designed around the ideas – Perception, Comprehension, Learning, Natural Interaction and Impact of AI.The National Education Policy 2020 and CBSE have highlighted the importance of AI. AI School of India will provide infrastructure,…

https://youtu.be/Hmrlh-USmEI OnePlus dives into the automotive world. The development work has been going on for a long time. Its electric supercar named ‘Warp Car’ has some awesome specifications. The most interesting feature is that it doesn’t get a steering wheel. The car can be steered with swipe gestures similar to the ones on the OnePlus smartphone. The Warp Car has been integrated with 6T-K Technology. It also claims an impressive range of 290 miles on a single charge.