On Tuesday, Meta Platforms (META.O) unveiled the most recent version of its Llama 3 AI models, which are primarily available for free. These models compete with paid models from competitors like OpenAI and offer superior multilingual skills and general performance metrics. Announcing the release of the new Llama 3
Finance Minister Nirmala Sitharaman announced on Tuesday 23 July, during the presentation of the Union Budget for 2024-25, that the government has proposed to repeal the angel tax on all asset classes. This move will greatly benefit the startup environment. Angel tax, which is a provision in the Income Tax
The launch of UPI One World, an enhanced convenience and security digital wallet, has made traveling to India much easier for international travelers. Using this cutting-edge payment method, visitors worldwide may enjoy their time in India without dealing with complicated currency exchanges or carrying large amounts of cash. The UPI
Hardik Pandya, an all-rounder, has launched a line of athletic apparel through an exclusive licencing agreement with FanCode Shop, the online goods store owned by Dream Sports. In a revenue-sharing collaboration, FanCode Shop will create, produce, and sell the products under the Hardik Pandya brand. Starting from INR 999 and
‘Startup’ has become the buzzword for the current generation. It has become a career path where students and professionals are changing their career to pursue their dreams and passion. For decades this wave has hit India, making it the 3rd largest ecosystem globally. The "Crafting Bharat - A Startup
A massive purchase of new warships for the Indian Navy, around INR 70,000 crore, is about to be approved by the defence ministry. The stealth frigates are the next generation of Indian naval vessels, following in the footsteps of the Nilgiri class, which are presently in the works. According
Today, on the first day of the budget session, Nirmala Sitharaman, the union finance minister, presented the Economic Survey 2023-24 to the house. Tomorrow, she will present the Union Budget 2024-25. In it, the Modi government laid out its plans to improve India's startup scene and tracked the
Hackers allegedly stole over $230 million in customer holdings, or about half of the platform's reserves, from WazirX, one of the country's main cryptocurrency enterprises. This was one of the worst hacks on an Indian exchange. This event demonstrates the difficulty in securing Bitcoin exchanges and
In a possible deal involving its rapid commerce division under Instamart, Amazon India has reportedly approached Swiggy, which is preparing for an IPO, according to three people familiar with the situation. This news follows closely on the back of Swiggy's secretly submitting draft documents with Sebi for an
After a year of reportedly forging a strategic partnership, Reliance Retail Ventures is planning to launch the Chinese fast-fashion brand Shein in India in the coming weeks. Reliance Retail reportedly owns and operates physical stores as well as an app where users may purchase products of Shein. India banned Shein
The outstation electric bus service provider Fresh Bus, with headquarters in Bengaluru, received a Series A investment round of INR 43.6 crore, or around $5.3 million. The third fundraising round, led by Saama Capital, was backed by ixigo, a market peer. The corporate board has approved a special
The rapid advancement of artificial intelligence is transforming industries by automating complex processes, enhancing operational efficiency, and driving innovative solutions. In sectors ranging from fintech to e-commerce, AI-powered platforms are redefining how businesses engage with users and optimize their internal workflows. Successful implementation requires a blend of technical expertise, strategic
According to media reports as of July 19, 2024, Kunal Bahl and Rohit Bansal, now running Titan Capital and co-founders of Snapdeal, received an incredible 200 times return on their investment before exiting the Urban Company platform. After investing INR 57 lakh in 2015, Bansal and Bahl finally got their
With the introduction of a new country-specific price structure, Google is making it easier to build location-based solutions by cutting the pricing of the Google Maps Platform for developers in India by as much as 70% starting from 1st August 2024. The IT giant is teaming up with the Open
Traditional art forms across the globe are facing a steep decline as digital media, AI-generated content, and rapidly evolving audience preferences reshape the cultural landscape. Economic downturns and reduced funding have further weakened cultural institutions, leaving heritage-based arts struggling to survive. With the rise of short-form entertainment and streaming platforms,
WorldAtlas has published a list of the top ten largest coal mines in the world, and the Gevra and Kusmunda coal mines, which are owned by South Eastern Coalfields Limited (SECL) and are located in Chhattisgarh, India, respectively, come in at number two and four. These two mines, which are
The Mumbai-based clean room partition maker GMP Technical Solutions is valued at INR 185 crores, and Japanese giant Shinryo Corporation has announced that it will purchase an 85% ownership in the company. Vascon Engineers Ltd., an engineering and realty company located in Pune, would sell its stake to Shinryo. The
Kolkata (West Bengal) [India] July 18: In the heart of Calcutta, a city known for its rich cultural heritage and bustling markets, the jute industry once stood as a cornerstone of economic prosperity. The natural fibre, often referred to as the “golden fibre,” was the lifeblood of Bengal's
A bill requiring private sector employers in Karnataka to hire locals has been adopted by the Siddaramaiah Cabinet. The law specifies a 50% quota for management roles and a 70% quota for non-management roles. The decision was announced by Chief Minister Siddaramaiah on X, who said that on Monday, the
The healthcare sector is undergoing a transformative shift, redefining how organizations manage and grow strategic accounts. By fostering collaboration, prioritizing customer-centric solutions, and aligning internal resources, leaders are driving exceptional revenue growth and setting new benchmarks for success. At the forefront of this transformation is Priyanka Taranekar, whose visionary approach
Only two states, West Bengal and Odisha, allow alcohol home delivery, but media sources say six states may launch a pilot project after assessing it. According to reports, Swiggy, BigBasket, Blinkit, and Zomato may soon deliver beer, wine, and liqueurs. Industry executives informed the media that New Delhi, Karnataka, Haryana,
For fiscal year 2024–25 (FY25), the IMF increased India’s growth prediction by 20 basis points (BPS), bringing it up to 7% from 6.8%. The improvement in private consumption, especially in rural India, is the reason for the improvement in the growth projection, according to the International Monetary
Moving Tech Innovations Ltd., the company behind community-led mobility apps Namma Yatri and Yatri Sathi, has raised $11 million (INR 92 crore) in a pre-Series A funding round. Google and a number of other investors joined Blume Ventures and Antler in leading the round. The money will be put into