The Chinese dependence is far from over, industry players are also citing a shortage of electronic toys in the country.
India will have 30 per cent of its two-wheeler industry turning electric by 2030 as new manufacturers lead the shift, said a report on Monday. Passenger vehicles will be 15 per cent electric and the three-wheeler segment 75 per cent electric by 2030, said the report by BNP Paribas called 'India Autos-Electric vehicles: Minutes to midnight'. "We see FY22 as the year of inflection for the two-wheeler EV industry, with an accelerated EV adoption helped by incentives, wider availability, model launches, rise in crude prices and improved general awareness. We see 30 per cent of the 2W industry turning electric by 2030; the pace of incentive withdrawal presents an upside/downside risk," the report (India Autos - Electric vehicles: Minutes to midnight) said.
With this, Italy becomes the first European country to block the advanced Artificial Intelligence software, which is capable of emulating and elaborate human conversations among other actions.
Indian start-ups are disrupting the world and women-based entrepreneurship is one of the vehicles for realising a more equal society, Niti Aayog CEO Amitabh Kant said on Monday. Addressing an event organised by FICCI Ladies Organisation (FLO), Kant further said India at present has more than 61,000 start-ups and 81 unicorns. "Indian start-ups are disrupting the world especially in new emerging areas of health, nutrition and agriculture," he said.
Success mantras for those in the business of training people.
Deepak Ravindran who co-founded Innoz, a VAS and wireless communication venture after he dropped out of college shares some interesting insights for young entrepreneurs.
Prime Minister Narendra Modi on Thursday said India and Italy have decided to elevate their bilateral ties to a strategic partnership, opening a new chapter on defence cooperation.
Group term insurance is far more cost-effective than an individual cover.
Dilip Shanghvi founded Sun Pharma in 1983.
Murtuza Rohawala, founder and CEO of Edfin Consultancy suggests a few ideas you can get started with in India right away.
What is your USP?
Why should your customers come to only you and nobody else? What particular problem are you solving? Solve these puzzles before launching a stat up suggests Rajiv Talreja.
He emphasised that technology sharing and availability of funding are the two crucial links for ensuring the commercial availability of SMR technology.
NTPC has vowed to raise the amount of energy it generates from renewable resources
Mergers and acquisitions (M&As) by Indian companies have declined sharply by 80 per cent so far this year, in contrast with the same period last year, as bankers predict lower deal volumes due to falling profit margins of Indian companies and feeble stock markets. The decline in Adani Group shares has also hit buyer sentiment. According to data from Refinitiv, M&As in India stood at $3.3 billion from 253 deals, year-to-date (YTD) - a fall of 80 per cent year-on-year (YoY). Cross-border deals by Indian companies were also down 84 per cent to just $1.5 billion.
US hedge fund Tiger Global and Japanese investment giant SoftBank have trimmed their investments in Indian start-ups by over a third - from $3.8 billion in the second half of 2021 to a mere $1.08 billion in H1 2022, according to data from Venture Intelligence. While SoftBank's investments in India dropped from $1.9 billion in H2 2021 by more than a fifth to only $0.33 billion in H1 2022, that of Tiger Global fell from $1.92 to $0.74 billion in the same period. Private equity (PE) fund trackers point out that this year most of the deals that Tiger Global has invested in are in the early stage (up to series D), and only a few are in the series E and above.
The UK government announced on Monday that it has facilitated London-based banking major HSBC to buy the embattled UK arm of Silicon Valley Bank for 1 pound, securing the deposits of more than 3,000 customers worth around 6.7 billion pounds. Santa Clara, California-based Silicon Valley Bank - which specialised in lending to technology companies - was shut down by US regulators on Friday in what was the largest failure of a US bank since 2008. According to experts, although the UK arm of SVB was small with only around 3,000 business customers, its collapse would have presented a risk for the tech sector which is seen as crucial to Britain's economic growth.
The product they are discussing, called Insiemi, would be designed to work in high-end computer centres that use "software-defined networking."
VCs also do not want to under-finance companies and are ensuring that the current capital infusion takes them through at least 18-24 months, which is the expected time when the outside fundraising environment starts to recover, says Alok Mittal.
The locality, home to IIT-Bombay and the National Institute of Industrial Engineering (NITIE), is steadily attracting fledgling entrepreneurs for purposes of both work and residence.
PhonePe said on Tuesday it has launched a service that will allow the fintech firm's Indian users traveling abroad to pay foreign merchants using Unified Payments Interface (UPI). 'UPI international' supports merchant outlets in UAE, Singapore, Mauritius, Nepal and Bhutan that have a local QR (quick response) code. Users will be able to make direct payments in a foreign currency from their Indian bank, like they do with international debit cards.
He's created soluble protein biosensors to detect bacteria in water!
India is witnessing its own tech tsunami, and is poised to become the second largest global startup hub by the end of the decade
Edtech unicorn Vedantu has laid off 385 employees, nearly 11.6 per cent of the company workforce, according to sources. This move is being seen as part of a drive in the edtech sector towards profitability via cost-savings and consolidation, as funds dry up, they said. The Bengaluru-based firm has laid off over 1,100 employees (both full-time and contractual), so far, this year.
Infosys announced acquisition of digital commerce company Kallidus for $120 million.
Antony, who headed the digital media cell of the Kerala Pradesh Congress Committee, slammed the Congress leadership for working for a "single family" instead of working for the country.
Manisha Sharma (name changed) was always among the high achievers in her company. She was recognised and rewarded for those efforts as well. Mid-December 2022, however, she received a jolt: an email informing her that she had been laid off - along with several of her colleagues. Sharma worked for a big tech firm, which had decided to downsize. And just like that, she was asked to go. "It did come as a shock," she says. "I did not take calls for the first two days, but then realised there is no point in beating oneself up for a situation that's not in your hand. "I thought let this be an opportunity to take a break. I'll now start looking for a job," she adds.
By 2025, Uber projects that 25,000-30,000 cars -- or 12 to 16 per cent of vehicle additions -- would be EVs, reports Surajeet Das Gupta.
'Even if you fail as an entrepreneur, you can start another business or get a job.'
The job of a prompt engineer does not necessarily require candidates to be trained in "hardcore" computer engineering skills. 'This is one of those rare jobs that opens the sector to the layman.'
Technopark Technology Business Incubator talks about the record success rate.
Skyroot Aerospace has become the first private company in India to give wings to the Indian space programme, after the sector was opened to private players by the Centre in 2020.
