Author: News Desk
The government plans to support over 10,000 startups over the next 5-6 years as part of the GENESIS initiative (Gen-Next Support for Innovative Startups). Digital India GENESIS is a deep tech startup platform launched by MeitY to expand 10,000 tech startups mainly in Tier II, III cities over the next five years. Selected startups are equipped with the ‘right tools’ so they can start and grow their business. This platform was launched in July this year at a cost of over 750 Cr. Meanwhile, SAMRIDH (Startup Accelerators of MeitY for Product Innovation, Development and Growth) was launched last August. This…
Japanese semiconductor maker Renesas, a global leader in microcontrollers, analog, power and SoCs, will acquire Indian fabless Steradian Semiconductors. Headquartered in Bengaluru, Steradian specializes in 4D imaging radar solutions. The acquisition will enable Renesas to expand its reach in the radar market and broaden its range of automotive and industrial sensor solutions. The all-cash transaction is expected to close by the end of 2022. Renesas and Steradian have been collaborating since 2018, primarily on industrial applications. Steradian’s radar technology is expected to be used in surveillance, home security systems such as traffic monitoring of people, vehicles and motorcycles, Human Machine…
Capital flows to Indian start-ups fell for the fourth consecutive month to $1.27 billion in August, according to Tracxn data. While slow growth and late-stage companies have been underscored lately, even early- and seed-stage companies that were thought to have survived the fundraising winter are seeing lower deal volumes. The early-stage company received about $388 million in funding, while the seed-stage startup earned only $81 million in August. That fell short of $408 million and $161 million received in July respectively.
What would be the name of Apple’s new mixed reality headset? According to a Bloomberg report, this could be “Reality One”, “Reality Pro”, or ” Reality Processor”. The report says that, as per trademark filings in countries such as the US, corporations linked to the company applied for these names. The filings are registered to a corporation called Immersive Health Solutions LLC. Apple is yet to confirm it. Early in 2021, there were reports that Apple was developing a mixed reality headset with 12 cameras. It would be capable of tracking hand and eye movements. Nicknamed “N301”, its potential price…
Anand Mahindra unveiled the first look of Mahindra’s ‘all-electric’ SUV, the XUV400. “Today is a very promising day and we are very excited to announce another launch soon,” read the caption of the video the Indian billionaire shared on his Twitter. According to the video, he plans to “unveil” the car on September 8, 2022. . The new XUV400 SUV appears to have completed a road test drive a few weeks ago. As the launch of INGLO-based EV is several years away, the need to establish Mahindra in the EV market is very significant. Mahindra and Mahindra are already facing…
In the foldable phone segment, Samsung is a pioneer. It has over 60 per cent market share in the segment. Recent reports say that the Korean smartphone maker is working on a new concept. It is a dual-screen phone with a transparent display at the back. Samsung filed a patent with the World Intellectual Property Office (WIPO) in January 2022. The patent has been published now. According to the patent, Samsung plans a phone with a secondary display at the back. The uniqueness is the display technology Samsung uses. The secondary display is said to be transparent. When turned on,…
According to a report by consulting firm KPMG, the total number of electric vehicles on India’s roads is expected to reach 5 million by 2030, creating huge opportunities for players in the charging ecosystem. Although electric vehicle (EV) penetration is currently low at around 1%, EV sales in India are expected to grow sharply due to strong demand, supply and regulatory factors, says KPMG in a report on the next big charging of electric vehicles. According to the report, electric mobility in India is developing rapidly, electric vehicles are gradually becoming mainstream, and the sales of electric vehicles in the…
The Department of Consumer Affairs (DoCA), Mininstry of Consumer Affairs, Food and Public Distribution (MoCAFPD) has announced the development of “technology for processing, storage and utilization of primary onions” as part of the “Grand Challenge for Onion Storage” . Stage 1 Brainstorming up to the PoC phase Prize money Rs.25000 up to 40 teams Development cost up to Rs.75000 per team Duration: 3-4 months Stage 2 PoC to product development stage Prize money Rs.50000 up to 20 teams Development cost up to Rs.5 Rough per team Stage 3 Field implementation One winner and the two or four runners-up will be…
Meta announced a new financial assistance feature that will facilitate cash flow for small businesses in India. According to the press release, India is the first country to introduce this feature. This allows the advertiser to pay for his advertising campaign in equal monthly installments over 3 months through participating banks without additional interest. Meta will cover the interest owed to the bank and provide it to the company as an upfront rebate on advertising costs.
Earlier this year, Twitter began testing a new feature called Twitter Circle that allows users to Tweet to a group of close friends. This is a lot like Instagram’s Close Friends feature. Users can add up to 150 people to her Twitter circle group and choose who to include and who to exclude at any time. When composing a Tweet, the user will have the option to share the Tweet with their circle or with the full list of followers. Users can also use the Edit button next to the Circle option to add or remove users. Users added to…