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Flying Cars arriving sooner than expected

A personal flying vehicle capable of driving on conventional roads may be closer than we expected.  With startups like China’s Xpeng Motors bursting onto the scene, flying car production could be just a couple of years away. One such vehicle is Guangzhou Xiaopeng Motors Technology Company’s or Xpeng’s AeroHT X2 flying car. The company’s eVTOL offering recently has taken to the skies in Dubai and Guangzhou. The X2 is a two-seater with a top speed of 130 km/h. The vehicle, which is capable of fully autonomous flight and is outfitted…

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CAIT seeks regulatory body for e-commerce

CAIT, the traders’ body, demanded on Friday that the government immediately implement a robust e-commerce policy and establish a regulatory authority for the sector. The Confederation of All India Traders (CAIT) reiterated its demands a day after a Parliamentary panel suggested digital market entities to desist from “anti-steering”, “deep discounting”, “self preferencing”, “search & ranking preferencing” and other practices that will impact competition in the market. A Parliamentary panel proposed an ex-ante regulation, classification of “systemically important digital intermediaries” based on revenue, market capitalisation, and number of users, and a…

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New crypto policies making american an anti network state?

Policymakers’ response to fraud allegations at centralized crypto exchange FTX has included amusing crackdowns on Americans’ voluntary use of the software. Following last week’s FTX hearing, Senate Banking Committee Chairman Sherrod Brown (DOH) proposed “possibly banning” cryptocurrency. Earlier this month, Commodity Futures Trading Commission Chairman Rostin Behnam discussed how the federal government could assist offshore cryptocurrency exchanges that block US users in “protecting those firewalls.” Banning open-source software and shutting down the global Internet is not the way to lead the free world. It undermines new ways of organizing civil…

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The debut of tech fashion with Virgio

In recent fashion news, Virgio, a pioneer company founded in 2022 by Mr. Amar Nagaram, has received 37 million USD of funding, which roughly translates into INR 306 crore, in a round led by companies like Prosus, Accel, and Alpha Wave. What is new about Virgio is that it focuses on the use of technology throughout the design, manufacturing, and purchasing processes. Ensuring a smooth working structure in the fashion life-cycle. This, according to Mr. Nagaram, will allow buyers to have real-time access to runway fashion as well as give…

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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…

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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…

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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…

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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…

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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…

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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…

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