Mahesh Kumar Jain, the Deputy Governor of the Reserve Bank of India (RBI), has predicted that technologies like blockchain and Artificial Intelligence (AI) would be part of the future of finance. The RBI recently met with the directors of Indian banks. The aim of this meeting was to address concerns…
Alphabet’s Google is leading a $36 million (roughly Rs. 297 crore) funding round for Bengaluru-based Pixxel, a satellite-image startup, in the first major investment in the Indian space sector since the government launched its privatisation policy in April. Pixxel, founded in 2019, is building a constellation of satellites that have…
Apple supplier Foxconn will start manufacturing iPhones in the southern Indian state of Karnataka by April 2024, the state government said on Thursday. The land for the factory would be handed over to Foxconn by July 1, the government said, adding that the project, valued at Rs. 130 billion, is…
Some applicants including Vedanta Foxconn JV are expected to re-apply for government incentives under the modified semiconductor scheme opening from June 1, according to sources. Under the Modified Semicon India Programme, the government has increased the financial incentive of 50 percent of the project cost for companies, consortia, joint ventures…
India will start a pilot project this week to establish itself as an electronics repair hub by relaxing cumbersome import-export rules, a move that could draw tech majors such as Flex to expand such operations in the country. Prime Minister Narendra Modi has promoted electronics manufacturing in India and attracted…
Indian Space Research Organisation (ISRO) Chairman S Somnath on Monday said that the Chandrayaan-3- the third edition of India’s mission to the moon- will be launched this July. Chandrayaan-3 is a follow-on mission to Chandrayaan-2 to demonstrate end-to-end capability in safe landing and roving on the lunar surface. “I am…
Xiaomi’s Indian arm will start making wireless audio products in the country through a partnership with electronics manufacturer Optiemus in a push to further localise its operations, the company said on Monday. Xiaomi India will make its first local audio gadget at Optiemus Electronics’ factory in the northern state of…
ChatGPT application for iOS users has been expanded to more countries. Initially, OpenAI, the company behind the artificial intelligence chatbot, launched the app only in the United States. The firm unveiled the app on May 18. They also confirmed that a similar Android app is in the works. On Thursday,…
Streamer Disney+ Hotstar on Wednesday announced that its upcoming series ‘School of Lies‘, starring Nimrat Kaur, will premiere on its platform on June 2. Produced by BBC Studios, the eight-episode mystery drama show is directed Avinash Arun Dhaware. It also features Aamir Bashir, Geetika Vidya Ohlyan, Sonali Kulkarni and Jitendra…
The Consumer Affairs Ministry has issued an advisory directing retailers not to insist on the personal contact details of customers for delivering certain services, Consumer Affairs Secretary Rohit Kumar Singh said on Tuesday. The advisory has been issued following several consumer complaints. Customers have complained about many retailers not providing…
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