The Karnataka cabinet has approved a policy that aims to add 10,000 more startups over the next five years. Minister of Information Technology and Biotechnology, Dr. C. N. Ashwath Narayan, claims that “the new policy framed by the Department of Electronics and IT/BT has the aim of positioning Karnataka as the “Champion State” for startups and further increasing the number of high-growth startups by 2027.” The policy approved at the cabinet meeting in Belagavi secures Karnataka’s position as the nation’s innovative hub. The state’s ultimate objective was to launch 25,000…
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No more FASTags! India to get new GPS-based toll collection system on highways
The FASTag toll collection system is currently in use on Indian highways. The Indian government, on the other hand, has been working on and considering developing a new toll collection system. If implemented, the new system will significantly change highway toll collection. The new system will be a camera-aided toll collection that will work with the technology used to identify number plates on vehicles driving on Indian highways. The system is known as an Automatic Number Plate Reader (ANPR) camera. The Ministry of Road Transport and Highways has been working to…
Read MoreIndia begins delivery of coastal missile system “Brahmos” to the Philippines
The Philippine Navy’s Marine Corps has begun receiving BrahMos coastal-based anti-ship missile systems from the Indian company BrahMos Aerospace Private Ltd. According to a Philippines military-specific YouTube channel DA-REAL Military Channel on December 12, the initial system components are now being approved. There is no official confirmation from India or the Philippines. The initial delivery of the BrahMos missile system to the Armed Forces of the Philippines (AFP) is anticipated for 2023, India’s Ambassador to the Philippines Shambhu Kumaran informed the state-run Philippine News Agency in mid-August. The Philippines accepted…
Read MoreFlying 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…
Read MoreCAIT 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…
Read MoreNew 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…
Read MoreThe 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…
Read MoreEarth 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…
Read MoreReliance 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…
Read MoreRising 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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