Author: News Desk
Private Indian companies sign MoUs with ISRO The Indian National Center for space Promotion and Authorization (IN-SPACe) facilitated it 10 MoUs were signed as part of it Indian geolocation startup PATA is one of them PATA to use ISRO’s geospatial data and services It will be used for creating satellite imagery-based digital addresses The platform will be used for various geolocation tools operated by ISRO IN-SPACe is a government undertaking for private Indian companies in space and allied fields.
Alexander Wang co-founded Scale AI in 2016 when he was merely 19 years old. Back then, the company had only three employees. Although people around him considered the venture a joke, his work paid off. Now, Scale AI has 300 employees. The company is worth $3.5 billion and is one of the biggest AI companies in Silicon Valley. Wang, who currently serves as the CEO of Scale AI says, the company intends to make AI accessible for all. The idea of Scale AI happened to Wang during his MIT days. Machine Learning and AI were exciting technologies among students on…
Contrary to the expectations, Jeff Bezos’s Amazon and Google have withdrawn from the media rights race for IPL. The media rights bidding was expected to be a battle between Amazon and Mukesh Ambani-led Reliance Group. However, since Amazon and Google-backed out, the top prospective bidders are likely to be Reliance-Viacom 18, Sony, and Disney Star. Indian Premier League (IPL) is one of the most popular sporting events in the world. The auction is for the 2023-2027 media rights of the same. The companies who are participating in this gave their bid on Friday for BCCI’s approval. It is said that…
The Adani group has joined hands with TotalEnergies of France in a green hydrogen venture It will invest $50 billion over the next decade TotalEnergies will acquire a 25 per cent minority interest in Adani New Industries Ltd (ANIL) from Adani Enterprises Ltd (AEL) ANIL is a wholly-owned subsidiary of AEL The announcement led to the shares of AEL ending with strong gains of 5.53 per cent in an otherwise volatile market
A recent report says that there is a surge in passenger vehicle dispatches to dealers in India. According to the Society of Indian Automobile Manufacturers (SIAM), passenger vehicle wholesales jumped to 2,51,052 units last month when compared to 88,045 units in May 2021. Sales of two-wheelers rose to 12,53,187 units in May. Last year, it was 3,54,824 units. Likewise, the total three-wheeler dispatches were at 28,542 units in May as against 1,262 units in May last year. Overall, the sale of passenger vehicles stood at 15,32,809 units in May. It was 4,44,131 units last year. Meanwhile, the sale of two-wheelers…
Payeli Ghosh, the co-founder of JIFFY.Ai, is a renowned name in the business field. She explains how to start a business and successfully take it forward. Payeli, whose career spans Sathyam Computers and Infosys talked about her entrepreneurial journey. According to Payeli, there are no shortcuts to becoming an entrepreneur. When you start thinking about a new venture, frustration begins to grow inside you. The key is to honour and maintain that. Sometimes, you may have a great idea, but your circumstances may be difficult. Do not worry about that. Continue to work. For instance, Amazon started as a small…
Azim Premji and Shiv Nadar lose $20 billion of their personal wealth This is due to the meltdown in IT companies around the world Azim Premji’s wealth declined by over $12 billion Wipro’s shares have also dipped by over a third Shiv Nadar lost about $7 billion since the beginning of the year HCL Technologies’ market capitalisation declined by over 21% Other Indian tech giants TCS and Infosys have also suffered TCS lost 10% of its value while Infosys lost 20% Analysts predict the trend to go on in FY23
The two-day Rural-Agritech Hackathon held in Kasaragod introduced startups that came up with solutions for the development of rural areas. The event revolved around the theme ‘how to use technology for the development of rural India.’ Team CODERS from Christ College of Engineering, Thrissur, became the winners of the Hackathon. The team developed a platform that can effectively provide information at tourist centres to visitors. The winners received a cash prize of Rs 50,000. The team also became eligible to apply for Kerala Startup Mission’s grant of Rs 12 lakhs. More than 15 teams participated in the Rural-Agritech Hackathon. The…
Prime Minister Narendra Modi has asked various government departments and Ministries to undertake the recruitment of 10 lakh people on a “mission mode” in the next year-and-a-half The direction from Modi came following a review of the status of human resources in all government departments and ministries The decision comes amid opposition’s frequent criticism of unemployment The unemployment rate in India rose to 7.83% in April from 7.60% in March
Maharashtra to launch ‘Maharashtra Innovation and Technological Development Fund’ It will be a Rs 200-cr fund for early-stage startups The fund will be spent on deep tech startups The special focus will be on women-led startups The state already has arrangements to make equity investments in startups One of them is the Rs 120-crore Maharashtra Social Venture Fund Another one is the Rs 330-crore Maharashtra State Defence and Aerospace Fund