EMPOWERING INNOVATION
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India Sets Global Benchmark in Esports Governance: Online Gaming Authority to Transform Industry from May 1

By FutureTech on

Technoxian Expands to South America: Ecuador Joins Global Robotics Movement Through Landmark WORSO–STEAMUP Partnership

By FutureTech on

India to Host ESCOM 2.0: A Global Convergence of Esports Innovation and Industry Leadership

PoS Startup Innoviti Chases Profitability After Raising Series C !!

Bengaluru-based digital payments solutions startup Innoviti has raised an undisclosed amount in Series C funding from Netherlands-based FMO-Entrepreneurial Development Bank, along with existing investor US-based Bessemer Venture Partners. Rajeev Agrawal, CEO of Innoviti Payments, told Moneycontrol that this may be  company’s last funding round as it plans to generate cash from its books within 6-8 months. He also said that the company may only consider another fundraise if there’s an opportunity for acquisition or inorganic growth. The latest round is said to be all primary capital and had no secondary…

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Rupee trims intra-day gains to end 6 paise lower at 75.61 to US $ !!

The Indian Rs on Tuesday gave up all its intra-day gains to close 6 paise lower at 75.61 against the US $ in line with weaker sentiment in financial markets triggered by steeply rising coronavirus cases in the country. Besides, robust US $ against its key rivals also had an impact on the domestic unit.The dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.42% to 97.02.  The rupee opened at 75.53 against the US $, but pared the gains to settle at 75.61 against…

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Voice assistant to help you shop on Flipkart !!

Homegrown retailer Flipkart on Tuesday introduced voice assistant capability on its platform to make consumer’s e-commerce journey simpler and more natural. Introduced in Flipkart’s grocery store Supermart, the voice assistant will enable consumers to discover and buy products easily using voice commands in multiple languages, starting with Hindi and English, said the company. “The technology team at Flipkart travelled across the country to understand the various contours of building a voice capability and fine-tuned it to identify and respond to the different variations in Indian languages,” Jeyandran Venugopal, Chief Product…

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Tech firms spot a big opportunity in India !!

A budget proposal to use technology to bring in changes in administration across sectors and deliver citizen services is expected to benefit Indian IT companies, helping them expand their domestic business and build models that they can take globally. “The intent shown by the government means that for the first time companies like Tech Mahindra will be able to build government, citizen and cyber security models in India and then take them outside, instead of it being the other way around,” CD Gurnani, CEO of Tech Mahindra, told ET. Indian IT…

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Pinterest shares techniques to help you make excellent video ads !!

If you’re scrambling for ideas to make thumb-stopping video content, Pinterest may have a few, okay , techniques to help you make video ads that stand out on the platform. Pinterest says that video views on the platform have increased threefold over the last year. To make your videos visually standout, Pinterest advises playing with perspective, white space, color, movement, motion, and depth to make your content feel alive. Pinners love video. In 2020, video views on the platform have increased more than 3x over the previous year. Unlike a…

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L&T Heavy Engineering delivers 1,250 MT-Cryostat to French Nuclear Fusion Project Amid Lockdown !!

L&T Heavy Engineering has announced that its 1,250 MT-Cryostat base, the single largest section of the world’s largest nuclear fusion reactor, was successfully lifted and placed into a reactor building in France, accomplishing a major milestone in the nuclear engineering world. Assembly tools of cryostat were delivered during the lockdown by Larsen & Toubro. The cryostat forms the vacuum-tight container surrounding the reactor vacuum vessel and the superconducting magnets and acts essentially as a very large refrigerator. The reactor base, the single largest and heaviest Tokamak component of the world’s largest…

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Startups Can Now Offer ESOPs For Up To 10 Years Under New MCA Definition !!

The ministry of corporate affairs (MCA), on Friday (June 5), announced that the  Companies (Share Capital and Debenture) Amendment Rules of 2020, under which the government has Extended the employee stock ownership plans (ESOPs), changed definition of startups and also made some regulatory changes in share capital requirement. Under the latest amendment the ministry of corporate affairs has also notified that startups can now offer sweat equity of up to 15% of their paid-up share capital. Besides this, the ministry has decided to change the definition of startups to be…

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Govt. Launches Artificial Intelligence (AI) Website : How Will It Help India’s AI Industry !!

The Indian government  stated that the National Artificial Intelligence (AI) Portal, formed by National Association of Software and Service Companies (Nasscom) and backed from National e-Governance Division of the Ministry of Electronics and Information Technology (MeitY), is now live. The portal’s objective is to function  a one-stop platform for all AI-related advancements in India, with sharing of useful resources like articles, investment funding news for AI startup, AI companies and educational firms on AI in India. The portal will also distribute documents, case studies, research reports etc, and provide learning…

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Apple patents socially-distant selfies !!

Apple has been granted a patent for software that creates socially-distant group selfies.Synthetic Group Selfies, as patent No. 10,672,167 describes them, it would allow users to generate selfies with numerous family members and friends residing at distant, separate locations. The selfie would be created using live or stored still photos and videos. The software would remove backgrounds, resize images and accommodate positioning in front or in back of other individuals as needed to arrange realistic group photos. Users would be able to modify the selfie at any time with stored video…

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Emerging tech from India for the post-pandemic world !!

When oil prices turned absurdly negative in April, it was panic stations at oil and gas supermajors. Europe debated an accelerated shift to renewable energy. Oil rigs in the US turned off their taps as demand plummeted with the global economy’s pause to tackle coronavirus. But the very week when oil prices tanked, a subsea oil company in Houston signed a major deal to deploy an industrial Artificial Intelligence (AI) product from Flutura, a startup in Bengaluru. It turns out for improving a myriad operational efficiencies to reduce costs with…

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