For the first time, seven Indian space startups have been chosen to take part in a significant Indo-US defense collaboration program, representing a major achievement for India’s private space industry. Companies such as KaleidEO, EtherealX, and Aadyah Space will have the opportunity to tap into the extensive U.S. defense and space markets, along with receiving guidance from industry leaders like Lockheed Martin and Northrop Grumman. This initiative, which is part of the India-U.S. Defense Acceleration Ecosystem launched in 2023, seeks to promote innovation in satellite technology, space observation, and advanced…
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Hindenburg Research has officially shut down, with Nate Anderson disbanding the firm.
In a surprising turn of events, Nate Anderson, the founder of Hindenburg Research, announced on Wednesday that the well-known U.S.-based financial research firm is closing its doors. Hindenburg gained international recognition for its explosive short-selling reports, which exposed alleged corporate fraud and financial misconduct in companies like Nikola, Adani Group, and Lordstown Motors. The firm’s investigations frequently triggered market turmoil and highlighted issues in corporate governance, establishing its reputation as a bold watchdog in the financial sector. However, Anderson’s decision to dissolve the firm has left analysts and investors pondering…
Read MoreSpaceX has successfully launched satellites for three Indian startups.
In a major achievement for India’s private space sector, three Indian space-tech startups—Pixxel, Digantara, and XDLINX Space Labs—successfully launched their advanced satellites on SpaceX’s Transporter-12 rideshare mission. The launch occurred on Wednesday at 1915 GMT (just after midnight in India) from the Vandenberg Space Force Base in California, USA. These satellites, designed to monitor Earth and track space objects, showcase India’s expanding role in the global space-tech landscape. Pixxel, recognized for its innovations in hyperspectral imaging, sent up another of its state-of-the-art satellites aimed at delivering detailed insights into environmental…
Read More“Apple Employees, Including Indians, Fired Over Charity Matching Fraud Scheme”
Apple has terminated several employees, including a number of Indians, following an internal investigation into a salary fraud scheme involving its charity matching program. The employees were found to have exploited the program by falsifying donation receipts and inflating charitable contributions to receive matching funds from the company. The company’s charity matching program, which encourages employees to donate to eligible charitable organizations by matching their contributions, was meant to support philanthropic efforts. However, an internal audit revealed that some employees had manipulated the system for personal gain by submitting fraudulent…
Read MoreGCCs Set to Offer Higher Pay Hikes Than IT Companies in FY26
Global Capability Centers (GCCs) are projected to offer higher pay hikes than IT companies in FY26, driven by their rapid expansion and the growing demand for skilled professionals. As businesses increasingly rely on GCCs for critical services, the sector’s growth is pushing these centres to offer competitive compensation to attract and retain top talent. With the IT industry already facing challenges in meeting the demand for specialized skills, GCCs are stepping up to the plate. These centres are becoming key players in the job market, offering more attractive financial incentives…
Read MoreApple Stops Vision Pro Production Due to Low Demand
Apple has reportedly paused production of its highly anticipated Vision Pro mixed-reality headset due to lower-than-expected demand. Initially unveiled as a revolutionary step in augmented and virtual reality, the Vision Pro aimed to set new standards in immersive technology. However, industry sources indicate that high production costs and a niche target audience have limited its market appeal. The Vision Pro, priced at $3,499, caters primarily to developers and tech enthusiasts, which may have contributed to its slow adoption. Apple had initially planned to produce approximately one million units in its…
Read MoreBMW and Yamaha Motor Invest in Rare Earth Startup Phoenix Tailings
BMW and Yamaha Motor have announced investments in Phoenix Tailings, a U.S.-based startup focused on sustainable rare earth materials. These materials are essential for electric vehicles, renewable energy technologies, and high-performance electronics. Phoenix Tailings is pioneering eco-friendly methods to extract and process rare earth elements, aiming to reduce reliance on environmentally harmful mining practices. The funding from two major players in the automotive and motorbike industries highlights the growing demand for sustainable supply chains in clean energy and transportation. This collaboration aligns with global efforts to enhance the availability of…
Read MoreESCOM 1.0 Concludes with Resounding Success Redefining the Future of eSports in India
Navneet Kumar Sehgal, Chairman Prasar Bharti inaugurated the Summit and Unveiled IFES Esports World Cup 2025 Trophy Gaming influencers ScoutOP (Tanmay Singh), Mr. Tomboy (Pavan Kampelli), Ghatak (Abhijit Andhare) shared their experience and committed to support eSports ecosystem development in India. Keynotes and panel discussions explored regulatory challenges, sustainability, and emerging technologies like AI, ARVR in eSports. The prestigious eSports Industry Awards recognized outstanding contributions and achievements across the eSports sector in 12 categories. Vibrant expo showcasing gaming innovations and technologies. New Delhi, December 17, 2024 – The eSports…
Read MoreIndian IT Companies Resume Campus Hiring After Year-Long Pause: Focus Shifts to Specialized Roles in Cloud, Data, and AI
Updated: New Delhi,Sep 21, 2024, 16:02 PM IST After nearly a year-long hiatus, Indian IT companies are making a robust return to college campuses for recruitment drives, signaling a significant revival in the industry. This renewed focus on campus hiring aligns with a broader recovery trend as businesses increasingly seek specialized tech talent. Unlike previous years, characterized by bulk hiring of entry-level engineers, companies are now targeting skilled programmers and digital specialists in high-demand areas such as cloud computing, data analytics, and artificial intelligence (AI). Salaries for these specialized roles…
Read MoreHospitality Startup Elivaas Nets $2.5 Million from Peak XV’s Surge and Angel Investors
Updated 20-09-2024, 18:13 PM Luxury apartment management startup Elivaas has successfully secured $2.5 million in seed funding led by Peak XV’s Surge accelerator and incubation programme. This funding round also saw participation from notable angel investors, including Naveen Kukreja of Paisabazaar, Kunal Shah of CRED, Mohit Gupta of Zomato, Amit Lakhotia of Park+, and others. Elivaas, founded in 2023 by Ritwik Khare and Karan Miglani, is a tech-driven platform designed to help owners monetize, monitor, and maintain their vacation homes across India. The startup aims to deploy the new funds…
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