Author: News Desk
Indian Agrifood startups earned a record $4.6 billion in Investment during FY 2021–22, an increase of 119 percent year over year. India surpassed China as the region’s largest financier of Agrifood-Tech Innovation. According to the research by VC companies AgFunder and Omnivore, Farmtech Entrepreneurs received $1.5 billion across 140 deals, an increase of 185% compared to the previous year. Startups in e-grocery and restaurant marketplaces received close to $3 billion in funding, or about 66% of the overall investment. Additionally, deal activity climbed to 234 deals in FY2022 from 189 deals in FY2021. From $1.77 billion in FY2021, downstream startups…
The Nagpur metro rail project in Maharashtra was recognised by the Guinness Book of World Records for constructing the longest double-decker viaduct with an elevated highway and Metro Rail supported on a single-column pier. This engineering achievement has already been recognised by the Asia Book of Records and the India Book of Records. They also acknowledged the achievement of building three metro stations atop a double-decker structure. This 3.1 km double-decker viaduct was jointly constructed by Maha Metro and NHAI on Nagpur’s Wadha road. A three-layered transportation corridor was made possible by this double-decker viaduct, with an existing highway occupying…
The German automobile supplier Klassen has a range of vehicles in the stretch V-Class. Its Mercedes-Benz stretch V-Class van is the epitome of luxury. It comes with a huge flat-screen with built-in Playstation 4 and multimedia system Automatic folding tables, champagne flutes, a coffee maker, and a biometric safe are a few other features All features can be remotely controlled with an iPad It takes up to four months to build one of these vans The duration can go up to one year depending on customers’ requirements The most expensive one in the stretch V-Class is Range Rover Autobiography This can be stretched by one meter and is priced…
Greenzo Energy India Limited to set up a manufacturing facility for electrolysersThe Delhi-based firm wants to start the facility in Sanand industrial estateThe company would invest Rs 412 crore in a phased manner It plans to develop a compact hydrogen generation plant in a containerised solutionIt looks to provide a cost-effective end-to-end solution for green hydrogenThe technology will integrate solar energy, wind energy, and grind power for making green hydrogen The solution will be beneficial for SMEs . Greenzo Energy is a leading renewable energy firm in India.
In the United Arab Emirates, a new programme was started to support 100 companies in emerging industries. The initiative, started by the Ministry of Economy and Government Development and the Future Office, aims to support emerging economic sectors that will shape the UAE’s future economy, particularly startups that contribute to the national economy. By yearly honouring the top 100 startups that improve the competitiveness of the UAE’s future economy, it also recognises the achievements of the private sector as a significant partner in the country’s development. By utilising the UAE’s digital infrastructure, the programme also seeks to strengthen the UAE’s…
Art is ever-evolving. You can adopt any approach you find suitable. Your style makes your art unique. Dubai-based artist Amrita Sethi, who left her successful career in finance to pursue art, creates a multimedia art form called ‘Voice Note Art.’ Her artworks are based on speech. How does she make art out of voice notes? As the first step, she records herself speaking a word or phrase. Using that soundwave, she produces a computer-generated image that features various aspects of the word. She draws over the individual lines of the soundwave to create a picture that explains the meaning of…
Facebook parent Meta may remove news from its platform if US Congress passes media bill Lawmakers are considering enforcing the Journalism Competition and Preservation ActThe bill aims to help the struggling news industryIt will help news organisations negotiate with firms like Google and FacebookHowever, Meta says the bill does not acknowledge the benefits news organisations receive from the platformLocal news organisations are of opinion that they cannot afford to tolerate Big Tech’s abuseA similar Australian law caused a brief shutdown of Facebook news feeds in the country Tech firms such as Meta and Alphabet Inc have signed more than 30 deals with media outlets since the law came into force
India is expected to export mobile phones worth $9 billion in FY23In the previous year, it was $5.8 billionThe surge will be due to an increase in production and shipments By FY26, India aims to hit overall electronics manufacturing of $300 billionIndia produced electronics worth about $87 billion in FY22It is expected to reach $100 billion in FY23 India Cellular and Electronics Association (ICEA) released the data
The actor-turned-entrepreneur Twinkle Khanna’s internet venture, Tweak, has been acquired by The Good Glamm Group for an unknown sum, for a 51% interest. The acquisition would provide The Good Glamm Group access to the Tier I markets where Tweak has a significant presence, the firm said in a statement. Tweak is a digital platform that discusses problems and concerns that affect women. It raises numerous issues, ranging from relationships to sustainable living. The platform has over 466k Instagram followers and is extremely popular with ladies. In response to the news, Khanna stated, “This strategic relationship will provide Tweak India with…
The Bloomberg Billionaires Index has just arrived. As per the latest report, Elon Musk is the world’s richest person with a net worth of $189 billion. He is followed by Bernard Arnault and Family and Gautam Adani and Family. Let’s have a look at the profiles of the world’s new billionaires. 1. Elon Musk ($189 Bn) Elon Musk, an innovative and controversial figure, is the world’s richest person. For a long time, he has been attempting to revolutionise the world through his firms such as EV maker Tesla and rocket producer SpaceX. While Musk’s net worth is $189 billion, his…