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A concept that formerly appeared to be science fiction is now progressively approaching reality, facilitated by an innovative partnership between Indian Railways and IIT-Madras. Railway Minister Ashwini Vaishnaw recently declared that the ministry will collaborate with a distinguished institute to create advanced Vertical Take-Off and Landing (VTOL) vehicles, which could
Zomato has invested INR 4,300 crore into Blinkit since acquiring the online grocery delivery service, formerly known as Grofers, in an all-stock deal for INR 4,477 crore in August 2022. Zomato has been investing more in Blinkit, mostly to finance its rapid growth and offset operating losses in
IT Minister Ashwini Vaishnaw stated that India aims to develop small language models (SLMs) to address "distinct" issues, in addition to a large language model (LLM). Vaishnaw stated that the government is examining its own digital models with smaller models that can address specific, distinct issues. During a
In a case filed in the Madras High Court, skilled gaming businesses Games24x7, Junglee Games, and Head Digital Works (A23) have contested the legitimacy of the Tamil Nadu state's latest regulations pertaining to the real-money gambling (RMG) sector, which went into effect on February 15. In order to
Union Finance Minister Nirmala Sitharaman said at the 6th Convocation Ceremony of the Indian Institute of Information Technology (IIIT) Kottayam on 22 February that India is not only embracing AI but is also actively draughting regulations to guarantee its efficient governance. According to her, India is not only at the
With ambitions to list on Indian stock exchanges, fintech business PhonePe said on 20 February that it has started preparing for the start of its initial public offering (IPO). According to a press release from PhonePe, the company, which will mark its tenth anniversary this year, provides cutting-edge financial services
With a goal of 10 million lives covered by 2025, insurtech platform Plum has announced that it will invest $6 million over the course of the next 24 months to enter the personal insurance market. Atul Mishra has been selected to lead the sector. Plum said in the news release
According to a prominent media outlet, Vishesh Khurana, a cofounder of Shiprocket, has been appointed as an advisor by San Francisco-based cryptocurrency trading platform Kraken, which is planning to relaunch its services in India. According to the report, Khurana will oversee Kraken's operations in India. According to reports,
Majorana 1, the first quantum chip in the world constructed using a novel Topological Core design, was unveiled by Microsoft. This invention is a major step towards creating quantum computers that can solve challenging real-world issues in a matter of years as opposed to decades as previously predicted. Utilising the
In a Series B fundraising round headed by Ektha.com, Bengaluru-based pet food company Dogsee Chew has raised $8 million (INR 69.4 crore), with participation from Shivanssh Holdings and the Poddar Family office. The money will be used by the manufacturer of natural pet treats to increase production capacity
In order to improve collaboration in the exploration and exploitation of vital minerals, especially lithium, Argentina and India have formally established a partnership. According to a press release from the ministry, the deal was signed on February 19, in front of Raúl Alejandro Jalil, the governor of Catamarca, Argentina, and
On February 17, the Enforcement Directorate (ED) temporarily seized INR 10.63 crore in real estate in accordance with the Prevention of Money Laundering Act (PMLA), 2002. The late Amit Bhardwaj is the owner of these assets. According to the agency's statement on 19 February, the attached properties
The telecom departments of Andhra Pradesh and Maharashtra have fined telecom major Bharti Airtel around INR 8 lakh. Bharti Airtel stated in an exchange filing on February 20 that it has been fined INR 6.59 lakh by the Andhra Pradesh telecom department for allegedly violating subscriber verification standards. The
According to reports, the financially troubled The Good Glamm Group (GGG) is in negotiations to sell digital media platform ScoopWhoop to marketing firm Wubba Lubba Dub Dub (WLDD). According to a media report, WLDD has provided a term sheet, and due diligence is presently being conducted. The report went on
The newest model in the iPhone 16 series, the iPhone 16e, has been released in India by iPhone manufacturer Apple. Pre-orders for the February 19-launched iPhone 16e will open in 59 countries, including India, on February 21. According to the business, the newest smartphones will go on sale on February
By giving angel funds access to a larger pool of accredited investors, the Securities and Exchange Board of India (SEBI), the market watchdog, hopes to broaden the definition of qualified institutional buyers (QIB). The SEBI further suggested lifting the angel fund restriction of 200 investors in its February 21 consultation
About $1.5 billion worth of cryptocurrency tokens were taken from Bybit by hackers in what the digital asset exchange called the worst crime in the history of the sector. The CEO of Bybit, Ben Zhou, said in a post on X that Ethereum tokens were being stolen from the
According to a news agency, Kerala Chief Minister Pinarayi Vijayan has outlined a bold strategy for the state's startup ecosystem, aiming to generate 1 lakh jobs through 15,000 new businesses by 2026. In his opening remarks at the Invest Kerala Global Summit (IKGS) in Kochi, he stated
According to reports, the Center's soon-to-be-notified electric vehicle (EV) policy will require foreign automakers to allocate just 5% of their overall foreign investment in the nation to the development of charging infrastructure. The measure is intended to guarantee that EV manufacturers invest more in vehicle manufacturing rather than
On 21 February, as the standoff between the striking workers and management approached its fifteenth day, Samsung India claimed that a group of workers attempted to disrupt operations at its Sriperumbudur plant, and now the company has asked the Tamil Nadu government for assistance in ensuring smooth operations. Maintaining a
According to reports, Delta Electronics, a Taiwanese power and energy management company, is spending $500 million to increase its footprint in India. According to a top official who spoke with a media agency, the investment, which was made public in 2015 as part of the "Make in India"
In an attempt to increase its footprint in India, Meta is establishing a new office in Bengaluru and is currently searching for artificial intelligence product and engineering positions in the city. Major tech companies like Google, Microsoft, and Amazon have already begun establishing engineering and product teams in Bengaluru and
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If you're considering venturing into the fashion industry and want to explore the world of clothing brand franchises, you're in the right place. India's retail sector is thriving, and clothing franchises offer a lucrative opportunity to tap into this booming market. Clothing franchises have
Elon Musk-led electric vehicle manufacturer Tesla is allegedly finalising two locations for its showrooms in Delhi and Mumbai, marking another milestone in the company's efforts to establish a foothold in India. According to sources cited by an international news agency, the company has decided on locations for its