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Earth visited by a traveler from the edge of Solar system

A spherical layer of objects frozen in time exists at the edge of the solar system, and some of these objects are occasionally nudged toward the Sun. This is known as the Oort cloud, and as the object moves toward the Sun, it begins to burn up in the intense heat of the Sun, leaving behind a fiery tail. One such object passed through Earth’s atmosphere in 2021 as a dazzling fireball over central Alberta, Canada. The fireball held secrets that would likely change our understanding of our solar system’s…

Reliance To Acquire Metro AG’s India Business

Billionaire Mukesh Ambani’s Reliance Industries Ltd. (RIL) is all set to acquire the German firm Metro AG’s India business. A deal that is expected to cost Rs 2,850 crore will see Reliance Retail Ventures Limited (RRVL) acquire Metro AG’s wholesale operations in India. A joint statement about this takeover read, “Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Ltd, today signed definitive agreements to acquire a 100 percent equity stake in Metro Cash & Carry India for a total cash consideration of Rs 2,850 crore, subject to closing…

Rising Covid Cases in China: India on High Alert

China is facing an extraordinary wave of COVID cases as hospitals were seen being overwhelmed by patients. Harrowing scenes were reported inside a number of Beijing hospitals, as the city’s healthcare system groaned under the weight of the outbreak, with most of the victim’s elderly people. This has caused a major concern for experts around the world. An Omicron sub-variant BF.7 is reportedly linked to this surge. BF.7, which is a nomenclature assigned to BA.5.2.1.7, has already been detected by the INSACOG network in India, according to those in the…

Jammu & Kashmir to introduce unique IDs for each family

The Jammu and Kashmir administration will create a database of all families living in the Union Territory and allot them a unique alpha-numeric code, PTI reported on Sunday, citing officials. The database – JK Family ID – will be used to determine eligibility of beneficiaries of various social welfare schemes. Prerna Puri, the commissioner secretary of the Information Technology Department of Jammu and Kashmir said “Once the data in the JK Family ID database is authenticated and verified, a beneficiary will not be required to submit any more document to…

The rise of the start-up ecosystem in India

On 16th January of 2016; the Indian government launched the Start-up India initiative with the purpose of supporting the Indian startup ecosystem and encouraging the innovative and creative minds of our nation. The plan was put into action by following these three strong pillars: handholding and simplifying Funding, Support, and Incentives Industry-Academia Partnership and Incubation To reduce the dependence of Indian startups on foreign sources, the government implemented the Fund of Funds for Start-ups (FFS) and the Start-up India Seed Fund Scheme (SISFS). It was to provide investments to startups that…

Generative AI startup Hexo raises $270K in a pre-seed round led by Antler India

Generative AI startup Hexo has raised $270,000 in a pre-seed funding round led by Antler India, via the VC firm’s Antler India Residency initiative. Founded by Vignesh Baskaran and Kunal Bhati, The startup is building an open-source image generation API that offers a wide range of controls to make image generation more predictable and accurate. This fine-tuner product for enterprises is targeted at enabling them to easily build custom image generation engines based on the company’s design language, products, characters, IP etc. “Our first product is a fine-tuner for enterprises to build custom…

DigiYatra avaialble at Delhi T3 airport

DigiYatra is a digital service for passengers travelling via flight. The service uses facial recognition technology to process air travellers during boarding service. DigiYatra is currently available at Delhi T3, Bengaluru, and Varanasi airports. The IGI airport is witnessing an increase in daily passengers because of the holiday season. As a result, travelers are facing long queues on boarding, checking, security stops, and disarray during rush hour. To control the situation, airport authorities and airlines have requested air travelers to come 3 hours before their flight departure. Yet things will…

India will be first to hold satellite spectrum auction: Trai Chairman

 India will be the first country to auction spectrum for satellite communication said telecom regulator Trai chairman PD Vaghela said on Tuesday. Telecom Regulatory Authority of India (Trai) will soon make recommendations to make permissions required for satellite communication from various ministries. India will be the first country to auction spectrum for satellite communication, and it should be designed to attract investments in the sector, telecom regulator Trai chairman PD Vaghela said on Tuesday. Vaghela stated at a Broadband India Forum summit on SatCom that the Telecom Regulatory Authority of…

Healthtech startup In-Med Prognostics raises $2.13M in funding led by Exxora

In-Med Prognostics, an AI-based health tech startup, has raised $2.13 million in a new funding round. The raised capital will be used towards expanding its product portfolio and tap global markets. Pune-based In-Med Prognostics, an AI-based health tech startup, has raised $2.13 million in a new funding round led by Exxora, along with the participation from angel investors. According to the startup, the raised capital will be used towards expanding its product portfolio and tap global markets. In-Med Prognostics, founded in 2018 by Latha Poonamallee and Rajesh Purushottam, offers AI-powered image processing proprietary…

Virtual reality startup iXRLabs raises $800K in a seed round

iXRLabs has raised $800,000 in a seed funding round. The startup plans to use the raised capital for scaling up the product.   iXRLabs, a Virtual Reality (VR) edtech startup for higher education, has raised $800,000 in a seed funding round led by an infrastructure development industry angel investor. The startup intends to use the funds raised to expand the product. Nihar Madkaiker founded iXRLabs, which provides experiential and immersive VR educational modules to universities and colleges in engineering, medicine, and sciences. According to the startup, its goal is to…