Top Trending Technology News & Highlights
Operations at Zepto Cafe Are Halted in Several Cities
Zepto Cafe, the company's rapid meal delivery division, has temporarily ceased operations in a number of minor cities, primarily in northern India. Over 400 workers have been impacted by the 44 eateries that have suspended operations. By the conclusion of the upcoming quarter, the business now anticipates starting up again in these areas.Platform for rapid trade According to persons familiar with the situation, Zepto has suspended operations of its 10-minute food delivery vertical, Zepto Cafe, in a number of locations, including Delhi, Agra, Chandigarh, Mohali, Amritsar, and Meerut, because of supply chain problems, ETtech reported. This will affect how 44 Zepto Cafe locations operate.Platform for rapid trade Zepto has suspended Zepto Cafe, its 10-minute meal delivery service, in several North Indian towns. The company has temporarily halted the services because of supply chain problems, according to a report by Economic Times. According to the article, 44 Zepto Cafe locations in the area will be impacted by the company's decision. About 700 gig workers have been impacted by the company's decision to stop providing the service. According to the Economic Times, Zepto Cafe's services were suspended in April of this year because the company was unable to meet quality standards due to the spike in demand. Zepto Cafe received greater demand than anticipated, hence the decision was made to halt operations in these cities. Meeting the volumes without sacrificing quality proved challenging, the individual with knowledge of the situation told ET.
Published 23 May 2025 08:14 PM
Uttar Pradeshs Sarathi app was shut down for maintenance.
Every RTO in Uttar Pradesh is experiencing operational disruptions, and staff are working to quickly resolve the situation.According to regional transport office (RTO) authorities on Friday, maintenance work on Sarathi software, which is used for processing work under the Union transport ministry, has disrupted the operation of processing driving licenses throughout Uttar Pradesh, including in Noida, since Thursday. Between 300 and 350 persons visit the Noida regional transport office on a daily basis, according to officials, seeking licenses and other related work."Vahan, a program for vehicle registration, and Sarathi, a program for driving licenses, are the two primary apps. We learned from Lucknow that Sarathi will be undergoing some maintenance from Thursday at 10 a.m. until Saturday at noon, according to Siyaram Verma, the assistant regional transport officer (ARTO-administration) for Gautam Budh Nagar."Activities related to driving licenses, like obtaining a learners' permit, a primary license, renewing a license abroad, changing one's name or address, etc., have ceased," Verma stated. "I had no idea that the website was being maintained. The application was down, an official told me when I arrived to the RTO in Noida after traveling 35 kilometers," said Greater Noida resident Rajesh Yadav."The affected work is present in all Uttar Pradesh RTOs. An RTO representative stated, "Our specialists are working to fix the application as quickly as feasible.
Published 06 Jun 2024 11:30 AM
Best Midsize Car of the Year Texas Auto Writers Associations Annual Auto Roundup, 2024 Hyundai Sonata
DECATUR, Texas, May 22, 2024 /PRNewswire/ -- The Texas Auto Writers Association (TAWA) annual Auto Roundup, which took place on April 23–24, 2024, has crowned the 2024 Hyundai Sonata the finest midsize car. Leading automotive journalists from Texas get together for the TAWA Auto Roundup, a major event in the industry, to assess the newest models on factors including overall appeal, performance, value, and safety.The 2024 Hyundai Sonata is honored with this accolade for its amazing value, superior performance, cutting-edge technology, and superb design. The Sonata outperformed a competitive field of competitors by impressing the TAWA judges with its cutting-edge features, fashionable appearance, and dedication to providing an outstanding driving experience.Senior vice president of product planning and mobility strategy at Hyundai Motor North America Olabisi Boyle commented, "We are immensely honored to receive this recognition from the Texas Auto Writers Association." "Our dedication to innovation, quality, and customer pleasure is embodied in the Hyundai Sonata 2024. This honor recognizes the diligence and commitment of our whole team."According to Cory Fourniquet, president of the Texas Auto Writers Association, "The Hyundai Sonata impressed our judges with its attention to detail throughout, like the color-matched switchgear for the windows and door locks as well as the built-in sunshades in the rear windows." "Even though it sells in a segment that is dominated by a couple of heavy hitters, Hyundai does not shy away from the mid-size sedan market like other manufacturers that are retiring their sedans. The fact that Hyundai is sustaining competitiveness in the market is very amazing. Not only that, but it beat out the freshly introduced 2025 Toyota Camry for this distinction."The dynamic new design language, improved safety features, and array of cutting-edge technologies make the Hyundai Sonata of 2024 stand out. A redesigned front fascia with a cascading grille, sleek LED headlights, and strong character lines that give the Sonata a sensation of motion even when it is stationary are all part of its aerodynamic and dramatic design. The Sonata is a versatile alternative for a broad spectrum of drivers, offering both dynamic performance and exceptional fuel economy with a selection of strong and economical engines, including a hybrid option.American Hyundai Motor Company Hyundai Motor America supports Hyundai Motor Company's Progress for Humanity objective while providing a technologically advanced array of automobiles, SUVs, and electrified vehicles to American consumers. Hyundai maintains substantial activities in the United States, with its North American headquarters located in California, the Hyundai Motor Manufacturing assembly factory in Alabama, the newly developed Hyundai Motor Group Metaplant America situated in Georgia, and multiple state-of-the-art research and development centers. According to a recent economic impact assessment, these businesses, along with those of Hyundai's 835 independent dealers, generate $20.1 billion in revenue and 190,000 employment for the American economy each year. To learn more, go to www.hyundainews.com.
Published 06 Jun 2024 11:29 AM
Mahindras-svelte-electric-SUV-is-hinted-at-by-XUVe8-design-patents-What-can-we-anticipate
With the launch of the XUV.e8, an electric version of their well-liked XUV700, Mahindra & Mahindra is preparing to increase the number of electric vehicles in their lineup. The corporation is currently testing prototypes of this new model, which has already been displayed in concept form. Mahindra has submitted for multiple design patents recently, covering the XUV.e8's appearance and interior.The design patents show that the XUV.e8 is very similar to the concept version that was previously presented, according to a report by HT Auto. Notable improvements include a new set of inverted L-shaped LED projector headlamps and a large LED lightbar that runs the length of the front of the car. Due to the lack of an internal combustion engine, the front bumpers have been altered and do not include the conventional grille.According to reports, the XUV.e8's side profile has aerodynamic wheel covers designed to improve air flow efficiency. The concept's flush-fitting door handles are still on the car. There aren't many modifications at the back, only a new bumper and an LED light bar, however the tail lamps should stay the same. The XUV.e8 will likewise have copper accents, just as the XUV400.Interior design elements, most notably a new two-spoke steering wheel, are also included in Mahindra's design patents. Four toggle switches are located on this hexagonal steering wheel, which has a red stripe at the top for controlling the infotainment system and instrument cluster. The lighted Mahindra emblem on the steering wheel is a novel touch that continues a trend observed in Tata cars. The revamped dashboard, which features a three-screen arrangement evocative of high-end automobile interiors, is another noteworthy interior upgrade. This comprises a passenger-side extra screen, an infotainment display, and an instrument cluster. With these improved technology features and style cues, Mahindra's electric vehicle portfolio is expected to gain something special with the XUV.e8.
Published 06 Jun 2024 11:29 AM
Technology
21st century is dedicated to the Technology and technology is dominating everywhere and every part of the world and almost all the industries are now a days is technology dependent or they need technology help to drive more scale and deliveries.
The greatest investment of 2024 was Bitcoin, despite its typical volatility.
As new exchange-traded funds brought about broader adoption and as expectations for deregulation under a new presidential administration propelled digital assets to all-time highs, Bitcoin was by far the best-performing asset class in 2024.But as this month's trade makes abundantly evident, cryptocurrency ownership also entails the same instability and wild swings. Since beginning the year at around $40,000, the price of bitcoin has more than doubled, and it is currently trading close to $94,000. Ether last traded at over $3,355, and it has gained almost 50% so far this year. The weeks after the U.S. presidential election were the year's most successful period. Anticipating that President-elect Donald Trump's victory over Vice President Kamala Harris would pave the way for more regulatory certainty and attract fresh investment, the cryptocurrency surged beyond $108,000 for the first time by mid-December. However, prices have decreased since then. The idea that the Federal Reserve's rate reduction will be implemented more slowly than expected has caused Bitcoin to decline for the month. Toward the close of the year, the market has also experienced a period of choppiness and apparent profit-taking.
Hitachi and Eros commemorate their 55-year collaboration.
Over the past 55 years, EROS and Hitachi have established an impressive legacy of innovation, reliability, and quality. Their collaboration started while EROS was just getting started, and it was the start of a journey that would influence household appliances and electronics in the UAE and worldwide.EROS was founded in the early 1960s with the intention of providing premium electronics to satisfy the expanding needs of the Middle East. Its first significant partner was the Japanese multinational corporation Hitachi, which opened the door to a fruitful and long-lasting partnership. The region's electronics sector was only getting started at the time, and Hitachi's inventive, dependable technology soon became well-known. The collaboration between EROS and Hitachi grew along with the region's need for contemporary electronics and home appliances. As a significant distributor, EROS brought Hitachi's appliances and home solutions to local customers.A common dedication to quality and innovation has been one of the pillars of the EROS-Hitachi collaboration. Customers of EROS have responded favorably to Hitachi's energy-efficient, long-lasting, and user-friendly products, which have continuously introduced new technology to the market.With its state-of-the-art technology and unparalleled dependability in household appliances, Hitachi continues to be a crucial brand in EROS' lineup. Customers around the region may readily access Hitachi's products thanks to EROS' extensive physical and online retail network. Hitachi sets the standard for home solutions that blend outstanding performance, contemporary design, and great value because to its constant innovation. Rajat Asthana, COO of EROS Group, states, "Our partnership with Hitachi is a testament to the power of collaboration, trust, and innovation." "We have been dedicated to providing our clients with quality, cutting-edge technology, and outstanding value for the past 55 years. Our shared commitment to the UAE's dynamic economy is reflected in the legacy we have created. We're excited to carry on with this journey and launch even more innovative products.
Wiley's Jarrett on how ethical AI can revolutionize the publishing business
The way researchers interact with their readers is being profoundly altered by artificial intelligence (AI), which is also making the scholarly publishing industry more technologically oriented. While human input is still crucial for publication authorship, AI's contribution is constantly growing, according to Josh Jarrett, Senior Vice-President of AI Growth at Wiley, a multinational research and publishing company with a strong presence in India, who spoke with TechCircle. He described how Wiley is prioritizing ethical considerations while improving the publishing experience through the proper use of AI/ML (Machine Learning). Edited passages:How can scholars effectively use AI for scholarly publishing? For a long time, Wiley has strategically chosen to use AI to enhance research procedures. According to recent surveys, scientists are struggling with fundamental issues with AI's capacity to improve language, analyze intricate data, and produce novel theories. We are especially excited about AI's potential to improve authorship, create simulations, find undiscovered gaps, help with literature reviews, and expedite research workflows. But we also acknowledge the difference between cautious experts and eager early adopters. By creating strong standards, policies, procedures, and instruments that uphold integrity, we hope to close this gap and guarantee that Wiley and its collaborators influence the direction of AI research in the future.
The iPhone's evolution: How Apple has altered its design over the past 16 years
Apple's newest device, the iPhone 15, will be available in stores nationwide in less than a day. Since everyone carries a smartphone these days, it's easy to overlook how revolutionary the original iPhone was and how much it's changed over time. This shows the evolution of the iPhone from 2007 until 2023.On January 9, 2007, Apple CEO Steve Jobs finally revealed the original iPhone after months of conjecture. The 4GB model of the smartphone, which didn't actually go on sale until June, cost $499, while the 8GB model (with a two-year commitment) cost $599. It had a 2-megapixel camera, a 3.5-inch screen, and was praised for its then-novel multitouch capabilities. However, some claimed that the phone was too costly to succeed in the market. (See the narrative of the iPhone launch.)Apple released the iPhone 3G, its replacement, on June 9, 2008, one year after the original iPhone went on sale. The new model was more affordable, had more capacity, a built-in GPS, and the ability to connect to quicker 3G networks. The iPhone 3G, which went on sale on July 11 for $199 for the 8GB model and $299 for the 16GB model, featured a feature known as location services. Steve Jobs, the CEO of the iPhone, predicted that location services would be a major feature. "That's going to blow up." (Refer to the launch narrative.)
The 'final chance' for social media to address unlawful posts
As the Online Safety Act (OSA) goes into effect, online platforms will have to start evaluating whether their services expose users to unlawful content by March 16, 2025, or risk financial penalties. The UK's internet safety regulator, Ofcom, released its final codes of practice on Monday that outline how businesses should handle unlawful online content.Platforms may be fined up to 10% of their worldwide turnover if they don't do risk assessments within three months of discovering possible harms to their services. Dame Melanie Dawes, the director of Ofcom, told BBC News that this was the industry's "last chance" to reform."If they don't start to seriously change the way they operate their services, then I think those demands for things like bans for children on social media are going to get more and more vigorous," she stated. "I'm asking the industry now to get moving, and if they don't they will be hearing from us with enforcement action from March." Platforms must determine when, where, and how illegal content may appear on their services as well as how they will prevent it from reaching users in accordance with Ofcom's regulations. According to the OSA, this includes anything that promotes or facilitates suicide, self-harm, extreme sexual violence, controlling or coercive behavior, or child sexual abuse material (CSAM).However, detractors claim that the Act ignores a variety of ills that children face. The OSA has "deep structural issues," according to the Molly Rose Foundation, which was established in honor of adolescent Molly Russell, who committed herself in 2017 after seeing pictures of herself harming herself on social media. Its chief executive, Andy Burrows, stated that the organization was "astonished and disappointed" that Ofcom's guidelines did not include explicit, targeted steps for platforms on handling suicide and self-harm content. "Robust regulation remains the best way to tackle illegal content, but it simply isn't acceptable for the regulator to take a gradualist approach to immediate threats to life," he stated.
Get ready for the cyberwar, CW EMEA
Cyber security experts and prominent government and business organizations prepared for a probable online conflict when the conflict between Israel and Hamas broke out in October. We discuss cyberwar, threat activity trends, and what security teams can do to safeguard their organizations in this issue of CW EMEA. We also examine the developments in quantum computing in Finland, the technology developed by Belgian researchers to speed up datacenter processing, and the keys to KPN's successful economic transformation. Go ahead and read the issue.Later, a senior minister will warn that Russia is prepared to launch cyberattacks against the UK and other allies in an effort to erode support for Ukraine. At a NATO summit, Pat McFadden, the chancellor of the Duchy of Lancaster, who is also in charge of national security, is expected to warn that the Kremlin might attack British companies and deprive millions of people of their electricity. McFadden is to describe Russia's cyberwarfare capabilities as a "hidden war" being fought against Ukraine, and this is the most recent in a string of warnings about them. Additionally, he is anticipated to specifically target Russia's Unit 29155, which the government claims has conducted several strikes in Europe and the United Kingdom. The cabinet minister will warn that "cyber war can be destabilizing and debilitating" and characterize the Kremlin as "exceptionally aggressive and reckless" in this regard during a lecture to the NATO Cyber Defense Conference at Lancaster House in London. The potential for Russia to "turn the lights off for millions of people" by shutting down power grids and its readiness to target British companies "in pursuit of its malign goals" will be the main topics of McFadden's discussion. "My message to members today is clear: nobody should undervalue the Russian cyber threat to NATO, especially considering the intensity of that antagonism. He will inform the assembled NATO members, "The threat is real." He will assert that hacker collectives supporting the Russian government are accountable for at least
The Canada division of TikTok is requesting a court review of the shutdown orders.
Dec. 10 (Reuters): According to a statement released on Tuesday, TikTok's Canada division filed an emergency action with the Federal Court of Canada, requesting a judicial review of an order that the firm shut down its activities in the nation due to national security concerns.In a filing dated December 5, the Chinese-owned social media app asked the court to overturn a government order for TikTok to shut down its operations in Canada.The court might, instead, revoke the order and send it back to the administration for review and direction, according to the brief. Last year, TikTok's ambition to invest and grow its business in Canada was the subject of an investigation by Ottawa. Due to national security concerns, the government issued an order last month requiring the company to cease operations in Canada as a result of the review. In its statement on the legal action, TikTok claimed that closing its Canadian operation would result in the loss of hundreds of jobs."We believe it's in the best interest of Canadians to find a meaningful solution and ensure that a local team remains in place, alongside the TikTok platform," added the statement. The government can evaluate any national security threats from foreign investments, like the TikTok proposal, in accordance with Canadian legislation. The government is prohibited by law from disclosing the specifics of these investments. The decision from last month did not completely prohibit Canadians from using the well-known social media site. According to the corporation, TikTok has over 14 million monthly users in Canada.A request for comment from Reuters outside of usual business hours was not immediately answered by Canada's Ministry of Innovation, Science, and Industry. The Canadian ruling came after a similar measure was taken in the United States, when President Joe Biden signed a law in April mandating that Bytedance, the company that controls TikTok, sell its U.S. assets by January 19, 2025, or risk a statewide ban. Separately, TikTok and Bytedance requested on Monday that an appeals court temporarily halt the law until the Supreme Court reviews it.
Brussels is looking for further details on covert Google-Meta ad targeting of teenagers.
Dec. 10 (Reuters): The Financial Times said on Tuesday that Google has been questioned by European regulators on its now-canceled covert advertising deal with Instagram parent company Meta Platforms, which disregarded the search engine giant's guidelines regarding the treatment of minors online.disclosed in August how Google assisted Meta in a covert marketing campaign aimed at 13–17-year-old YouTube users, controlled by Alphabet (GOOGL.O), with the goal of promoting Meta's (META.O) According to FT, the relationship has subsequently been canceled. It was originally set to expand to the U.S. and then to other countries. According to the most recent FT story, which cited persons familiar with the situation, European Commission officials have been investigating the collaboration and have forwarded the data to regulators who are considering taking action. According to the article, the executives gave Alphabet's attorneys instructions in October to compile and examine information, presentations, internal conversations, and emails pertaining to the advertising initiatives.
In order to surpass the success of the Galaxy S24, Samsung plans to ship more Galaxy S25 series phones next year.
It is anticipated that Samsung will release the Galaxy S25, Galaxy S25+, and Galaxy S25 Ultra sometime in early 2025. In the midst of online speculation over the flagship phones' features, a recent Korean rumor reveals Samsung's production schedule for the Galaxy S25 series. According to reports, the South Korean smartphone manufacturer plans to sell 37 million Galaxy S25 series phones in the upcoming year, which would be more than the number of Galaxy S24 series phones shipped this year. This shows how confident Samsung is in the demand for the next generation of phones.Samsung plans to sell about 37 million Galaxy S25 series phones next year, which is a little higher than the 35 million units of Galaxy S24 series phones that are anticipated, according to a report by The Elec. This implies that the business has high hopes for the next assortment of the Galaxy S series. According to the estimate, Samsung plans to produce 229.4 million handsets the following year. Compared to the October prediction of 237 million units, this is a 7–8 million unit decrease. According to reports, the company intends to manufacture over 7 million foldable phones in the upcoming year.Following Samsung's announcement that the Galaxy S24 series shipped more units than the Galaxy S23 range, the firm released the most recent update regarding its production schedule. The Galaxy S24 series phones with Galaxy AI features saw double-digit increases in shipments and revenue over their predecessors, according to the company's Q2 earnings report this year. The Galaxy S24 was among the ten best-selling phones in Q3 2024, according to market research firm Counterpoint Research.
Review of the Google Pixel 9 Pro: Hi, tiny phone
I have a well-established affinity with little phones, and I am the biggest lover of the iPhone 13 mini. But as the gadget has begun to age, I think it's time to upgrade, so I recently done so with the iPhone 16 Pro (I also use the Pixel 9 Pro Fold a lot, and it's really beautiful). I still have a strong need for a little phone, though, and I don't believe Apple intends to bring back the iPhone Mini series anytime soon. For the time being, the Google Pixel 9 Pro has become my new friend (it was my backup smartphone for a few days). It was long overdue for a flagship-level tiny phone, and the Pixel 9 Pro is an intriguing and
Future of lightweight materials Fibre Coat bags will target the space and defense areas with €20 million.
FibreCoat, a materials technology business based in Germany, has raised €20 million in Series B funding. NewSpace Capital, Goose Capital, Otto Krahn New Business, 212 NexT, Nova Saint-Gobain, Convergent Ventures, and TiE made the investment.Along with the investment, the business has partnered strategically with NewSpace Capital. With the financing, the company will be able to address the demand for materials that are resistant to heat, radiation, and electromagnetic interference (EMI), expand its presence in the rapidly expanding commercial space ecosystem, and spur innovation in the industry. FibreCoat was founded in 2020 in Germany by Robert Brüll, Richard Haas, and Alexander Lüking, who have a wealth of materials research and engineering experience. The creators of the company started working on their coated fiber technology at the Institute for Textile Technology at RWTH Aachen University in 2014. FibreCoat's creative approach to materials technology has been greatly influenced by their academic background.The necessity to reconsider the usage of fibers in materials science is where FibreCoat got its start. They combined the greatest qualities of each material by spinning traditional fibers with coatings of metal and plastic. Years of intense research and development, together with a goal to provide materials that were not only strong, conductive, and recyclable, but also lightweight, led to this achievement.
Businesses can now use Google's first video generative AI model, Veo.
Google revealed on Wednesday that its two new generative AI models, Veo and Imagen 3, are now available to companies through Vertex AI, the company's cloud platform that offers a range of AI tools for business applications.Veo is an image-to-video model created by Google DeepMind that can produce high-quality, HD videos with realistic-looking people and animals. On Veo, users can either use a text prompt alone or upload an image along with a text prompt to create films. Vertex AI will offer a private peek of it.Warren Barkley, senior director of product management at Google Cloud, claims that "generative AI is driving real business transformation and growth." Eighty-six percent of commercial businesses who use Gen AI report higher revenue, with an anticipated 6% gain. With new models like Veo, our most sophisticated video creation model, and Imagen 3, our highest quality image generation model, Google is investing in its AI technologies for this reason.Google's most recent image-generation model, Imagen 3, can produce realistic, high-quality images in response to straightforward text cues. Beginning next week, Imagen 3 will also be accessible to all Vertex AI clients.In a similar vein, Google's most recent image-generation model, Imagen 3, is hailed as the best quality AI model for creating photos, with the resultant images seeming "photorealistic and lifelike. " Additionally, Imagen 3 has the ability to alter images, adding, removing, and extending them. Companies like Cadbury, Oreo, and Milka are already using these strategies. In order to assist avoid disinformation and misattribution, all of the photos and films produced by Veo and Imagen 3 will be digitally watermarked. This includes Google DeepMind's SynthID, an invisible watermark.
Uber introduces a boat hailing service on the picturesque Dal Lake in Kashmir
Srinagar: The charming Dal Lake in J&K is now home to Asia's first water transport service, "Uber Shikara." With shikara reservations on its app, Uber launched the first water transportation service in Asia. 'Uber Shikara', Uber's first water transport service, has been launched, making travel to Dal Lake hassle-free for tourists. By combining technology and tradition, this creative project enables travelers to reserve shikara rides in advance via the well-known ride-hailing app.Seven local Shikara owners have collaborated with Uber, and the company expects to grow its fleet in response to user demand. Government-regulated prices will apply to rides, guaranteeing tourists fair pricing. Nehru Park, an island park in the center of Dal Lake, is where the seven shikaras are stationed. Crucially, Uber will not impose any fees on its shikara partners, guaranteeing that the entire fare is paid to the boat operators directly."Anyone who visits Srinagar must take a shikara ride, which is a classic activity on every traveler's bucket list," stated Ruchika Tomar, Director of Communications at Uber. Our service offers travelers a seamless experience by fusing Kashmir's ancient beauty with the enchantment of technology. Up to four people can travel in each Uber Shikara, which is available for one-hour reservations every day between 10 a.m. and 5 p.m. It is possible to book rides 12 hours to 15 days in advance.
Byju's bankruptcy: Riju Raveendran petitions the NCLT to be included in the case
On Monday, Riju Raveendran, the brother of Byju Raveendran, the founder of the insolvent edtech company, and its largest stakeholder, went to the Bengaluru insolvency tribunal to request inclusion in the case. The tribunal, however, voiced concerns over his involvement in the proceedings.Before the tribunal, Riju's attorney begged for permission to defend himself against claims made by Byju's lenders—specifically, Glas Trust, a US-based lender—about where the Rs 158 crore that was first given to the Board of Control for Cricket in India (BCCI) to pay its debts came from.Byju's US-based lenders had resisted the settlement, arguing that the funds utilized to reimburse BCCI were corrupted because they were included in the $533 million that was purportedly "missing." The tribunal, however, stated that determining the source of funds falls under the jurisdiction of the income tax authorities and the Enforcement Directorate. It directed the lenders to file objections to Raveendran’s plea and adjourned the hearing.However, the panel declared that the Enforcement Directorate and the income tax authorities had the authority to ascertain the source of funds. It postponed the hearing and instructed the lenders to oppose to Raveendran's plea.The appeal panel was earlier informed by Riju Raveendran, a board member of the business, that the funds paid to the BCCI were "clean." His attorney had maintained that the $533 million that the lenders said was "missing" did not include the payment to the BCCI. The US lenders and Byju's parent business, Think & Learn, are at odds over the missing funds.
To encourage technological innovation, Rajasthan will host an IT and startup summit.
OVERVIEW To establish the state as a center for innovation and technology, the Rajasthani government will hold the "Information Technology & Startup Pre-Summit" on November 12. The "Rising Rajasthan Global Investment Summit 2024," which intends to double the state's GDP and exports by 2030, will be preceded by the pre-summit. The state government will sign Memorandums of Understanding to promote partnerships and strengthen Rajasthan's tech sector at the pre-event.Rajasthan is positioned as a vibrant center for innovation and entrepreneurship and is about to undergo a technological revolution. The 2018 Information Technology & Startup Pre-Summit, with the theme "Building a Resilient Future – Lessons from Leading Innovators," is expected to be a crucial event in the state's efforts to develop a strong startup ecosystem. The Confederation of Indian Industry (CII) and iStart Rajasthan are collaborating to arrange this summit, which is set for November 12, 2024, in Jaipur from 9 am to 5 pm. The Potential of AI and Technology Artificial intelligence (AI) and technology are key forces behind change in today's rapidly changing world. The importance of using AI and technology breakthroughs to enhance Rajasthan's sectors and provide opportunities for innovation and economic resilience will be emphasized at this summit. Rajasthan's potential as a tech-driven state can be strengthened by utilizing AI to not only expedite procedures but also develop innovative answers to challenging problems in a variety of industries.
A 90% loss in earnings is caused by Twitter India's declining ad income.
For the most recent fiscal year, Twitter Communications India, now a division of X Corp (previously known as Twitter), reported a sharp drop in both net profit and sales. According to an Economic Times investigation, this decline is mostly due to a sharp decline in advertising revenue when Elon Musk's new leadership fired the worldwide ad sales team.The company's net profit fell 90% to Rs 3 crore from Rs 30 crore the year before, according to regulatory records. In a similar vein, revenue dropped sharply by 90%, from Rs 208 crore to Rs 21 crore. In India, Twitter's primary revenue source is still advertising. The company responded to these difficulties by cutting employee benefit costs by 95%, from Rs 130 crore to Rs 6 crore, after firing almost all of its staff in India, which once had more than 200 workers. Consequently, overall costs decreased by 89%, from Rs 168 crore to Rs 19 crore.This dramatic drop in revenue has been caused in part by the removal of the ad sales staff and the withdrawal of international businesses from the platform, which is partly the result of continuous conflicts with Musk. Under Musk's direction, X Corp has even taken big marketers like Mars and Unilever to court over their boycott of the platform. According to Kantar research, 26% of marketers intend to reduce their X advertising budgets in 2025, which is the biggest decrease ever seen from any major international ad platform.
Gharda Chemicals will create a new foundation to support entrepreneurs.
The foundation, which was established in collaboration with the Anjani Mashelkar Foundation, will support business owners who are committed to producing healthcare and core engineering innovations with a social conscience.The Mumbai-based company Gharda Chemicals, which produces polymers, veterinary medications, and insecticides, announced in a statement that it has established the KHG Innovation Foundation to support innovators developing technology that may close gaps and improve societal results.The foundation, which was established in collaboration with the Anjani Mashelkar Foundation, will support business owners who are committed to manufacturing healthcare and core engineering innovations with a social conscience.According to Nilesh Kulkarni, director of Gharda Chemicals, "the foundation is funded by Gharda's (founding chairman and managing director Keki Hormusji Gharda) personal wealth and the profits from the holding company." Gharda Medical and Advanced Technologies is the holding corporation.The non-profit foundation would have an initial endowment of about ₹30 crore, which will be refilled annually. The foundation has two options: it can invest or give grants to business owners. It will first concentrate on medical technology.mentoring and direction In addition to funding, the foundation will give the entrepreneurs access to mentorship, direction, and strategic counsel from thought leaders and industry professionals. Additionally, the announcement stated that KHGIF would "have tailored programs that support both for-profit and not-for-profit enterprises alike and drive pilot projects to help innovators scale for impact." India has set out to become a global leader in manufacturing and has started the process of becoming a developed nation in the near future. We think that attaining such status will require a strong emphasis on entrepreneurship together with innovation. Gharda, who turned 95 on Wednesday, stated in the statement that "establishing KHGIF is one among several such efforts that would be required as we proceed towards developing that capability."
Samvardhana Motherson, an Indian auto parts manufacturer, surpasses quarterly profit projections.
Aug. 13, BENGALURU (Reuters) - Samvardhana Motherson International (SAMD.NS), an Indian manufacturer of auto parts, revealed on Tuesday that its first-quarter profit above forecasts, aided by a shift in consumer preferences toward luxury cars and an increase in income from recent acquisitions. The company claimed that its consolidated net profit increased by 65.5% to 9.94 billion rupees ($118.42 million) in the three months ended June 30. The company distributes parts to automakers such as Maruti Suzuki (MRTI.NS), opens new tab, Mercedes Benz, and Audi.LSEG data shows that analysts had projected a profit of 9.51 billion rupees. Beating projections of 283.74 billion rupees, the total revenue from operations increased by 28.5% to 288.68 billion rupees. Click here to view additional earnings highlights.Important Context Manufacturers of auto parts, like Samvardhana Motherson, are reaping the rewards of a persistent change in consumer choice toward expensive cars like SUVs, which need more auxiliary equipment.
