If Rakesh Sharma represented the dreams of a nascent India looking outward, Shubhanshu Shukla embodies a confident India reaching for the controls.
India's first home-grown mapping company MapMyIndia is looking to list in the public market by raising around Rs 1,200 crore at a Rs 6,000-crore valuation. Sources said the company is ready with its draft red herring prospectus documents and is likely to file as early as next week. While the money will be used for business expansion, it will also give MapMyIndia's early investors, including Qualcomm, PhonePe, and Japanese mapmaker Zenrin Co., a chance to exit. The Verma family, which founded the company, will continue to remain promoters.
MapmyIndia has the first mover's advantage but with players like SatNav Technologies, Reliance ADA group and Google, the competition is hotting up.
Amid current geopolitical challenges and a slowdown in global growth, veteran emerging market investor Mark Mobius called India a safe haven for investors, backed by a stable government. The renowned investor, who is excited about the opportunities available in India, said the country is now the second largest in the portfolio of Mobius Capital Partners after Taiwan. Calling India a "land of opportunities and innovation", he said that his optimism about India is driven by the stable government and young demographic, with an average age of 27 years.
NavIC consists of a constellation of seven satellites and a network of ground stations and is touted to be more accurate than GPS.
Police have advised people to use the navigation app 'Mapmyindia' to get around the city till the restrictions are in place.
Maps and GPS navigation services provider MapmyIndia on Monday launched its new navigation gadget, which is equipped with maps of 401 cities, priced at Rs 11,990.
Bengaluru-based Healthtech start-up Mfine has rolled out a coronavirus assessment feature which enables virtual medical consultation to assess patients who have flu-like symptoms. Portea and Haptik habe developed chatbots, which will disseminate information related to coronavirus.
In other countries, Street View's content comes from two sources -- Google and individual contributors. However, in India, these will be collected by the tech giant's new local partners.
A business in India wanting access to maps and geospatial data would typically have to wait months before it got what it wanted. All this is set to change with the new guidelines on geospatial data, report Neha Alawadhi and Peerzada Abrar.
Amid oxygen shortage and a faltering health system in the country, India is seeing over 300,000 cases daily.
The Reserve Bank of India (RBI) on Thursday extended the card-on-file (CoF) tokenisation deadline by six months to June 30, 2022, in view of various representations received from industry bodies. Card-on-file, or CoF, refers to card information stored by payment gateway and merchants to process future transactions. The earlier deadline was December 31, 2021. "In light of various representations received in this regard, we advise...the timeline for storing of CoF data is extended by six months, ie., till June 30, 2022 and post this, such data shall be purged," RBI said in a notification addressed to all payment system providers and payment system participants.
'Technology is streamliming the entire process of aid distribution and making it transparent and digital.'
Indian Space Association (ISpA) chairman Jayant Patil has said that the executive council will debate whether it can include more telecom companies as founding members. The response came after some leading telcos said that they had been asked to be core members but preferred to be inducted as founding members. The key founders of the ISpA include the Bharti group through two companies (OneWeb and Airtel), L&T, Nelco, Walchandnagar, Alpha Designs and MapmyIndia.
Govt to play enabler not handler, India never had more decisive government: PM Modi Prime Minister Narendra Modi on Monday cited his dispensation's push for wide-ranging reforms, including the privatisation of Air India, to assert that the country never had a more "decisive government". Launching the Indian Space Association (ISpA), an industry body aspiring to be the voice of the country's space sector, Modi noted that fields like mining, coal, defence and space have been opened to private players, and said his government's clear policy about public sector enterprises is to open those to private industry where its presence is not required. While opening a host of sectors, the government has built a regulatory environment in which priority has been given to national interest as well as the interests of different stakeholders, he said.
Intel Capital, IBM, SAP Venture, Qualcomm Ventures increase India focus. July Systems, which developed a mobile broadband platform, has just received funding from Intel Capital.
A number of start-up companies in the United States are charting the interiors of shopping malls, convention centres and airports to keep mobile phone users from getting lost as they walk around.
"Live Search Maps for India will allow users to search for geographical information, places of general interest and business listings both on the PC and on mobile phones," said Microsoft India Consumer and Online Marketing Operations Head Rishi Srivastava. Microsoft's map services will offer detailed listings and street maps for nine cities, business listings across 29 cities and access to highway networks to 20,000 cities and towns.
The new Audi R8 V10 is a super-fast car that is also intelligent
Tech grads from BITS Pilani identify a problem and then use technology to solve it. The Visit story.
JLR is developing its own autonomous car technologies, which could one day trickle into Tata's more affordable people carriers.
The Tata Bolt is a well packaged hatchback with attractive interiors, space and excellent ride quality.
Can a stronger platform, an all-new design, a more powerful engine and an extended feature list make the third-gen WagonR a better car than its rivals? Let's find out
Is the Hexa more than a repackaged Aria? Clearly, yes! The Hexa has been arrived at after thoroughly revamping it from nose to tail, inside and out
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