Innovations Financial News

By Foo Yun Chee

₹3 for electricity generated from rooftop panels. To address concerns of initial costs, the Delhi government has also promised capital subsidies to residential consumers over and above the subsidy provided by the Central government under the Rooftop Solar Programme Phase II. Sensing broader aspirations, Delhi’s policy is now being extended to commercial and industrial consumers as well, a major upgradation of the 2016 model.

1. Epson EcoTank Printer The Epson EcoTank L130 InkTank printer is a cost-effective, high-quality printing solution for home and small office users. This printer comes with its efficient ink tank system, ensuring a reliable performance and impressive results without the hassle of frequent cartridge replacements.

₹95,000 crore in investments that will create about 2.25 million new jobs in the next four to six years. The ministry is eyeing ₹25,000 crore in investments through the production-linked incentive scheme (PLI) and another ₹70,000 crore through the PM Mega Integrated Textile Regions and Apparel (PM-MITRA) parks scheme.

(MWC) 2024 in Barcelona, Samsung has taken the tech world by storm with the introduction of its latest innovation – the Samsung Galaxy Ring. Unveiled for the first time, this wearable device promises to redefine the landscape of health tracking, leveraging the advanced capabilities of the Samsung Health platform.

Indian Institute of Technology Kanpur’s Class of 1974 has pledged Rs 10.11 crore for supporting various activities at the institute. The pledge came as part of the golden jubilee reunion of the batch from February 23-25, IIT Kanpur said in a press release. More than 80 alumni attended the event. Eminent alumni and alumni groups at prestigious IITs are increasingly coming forward to support various research endeavours and other activities including infrastructure, scholarships, and innovation at these institutes.

Nothing Phone (2a) showcase a unique aesthetic, with dual rear cameras centered at the top and accompanied by Glyph lights, reported HT Tech. The design, available in dark grey and white variants, promises a distinctive look that is sure to catch the eye. Under the hood, speculations suggest that the phone will be powered by the MediaTek Dimensity 7200 Pro chipset, ensuring a smooth and efficient performance, adds the report.

R Systems International has signed a memorandum of understanding (MoU) with the Indian Institute of Technology Delhi (IIT Delhi) to set up a Centre of Excellence (CoE) on Applied AI for Sustainable Systems at IIT Delhi. The centre will include a cutting-edge research lab, the institute said in a statement. The centre will create an endowed faculty chair position and offer merit-based student scholarships, it said.

NEW DELHI : Prime Minister Narendra Modi exhorted captains of India’s textiles industry to tap the export potential for their products in Africa and the European Union. This draws significance at a time when India is positioning itself as a global textiles sourcing destination by focusing on quality and sustainable manufacturing of apparel. In the first 10 months of the current fiscal year, India exported $27.69 billion worth textile products across the globe.

The Indian real estate sector is undergoing a monumental shift, with innovative models throwing open gates to an asset class confined to ultra HNIs and seasoned investors. As emerging alternatives like REITs, fractional ownership platforms and real estate crowdfunding disrupt traditional paradigms; they carve out a niche for millennials and first-time investors through lower entry barriers, steady returns and transparency.

Mint, Nisheeth Srivastava, chief technology & innovation officer, India Industry Platform, Capgemini, shared that the increase in headcount aligns with industry competitors, marking a positive shift after a challenging FY24 across the IT sector. As of February 2024, Capgemini had 175,000 employees in India.

Dara Khosrowshahi. In an interview with the Economic Times, the executive shared insights into the company's investment strategy in India, its focus on mobility, profitability, the electric vehicles (EV) business, and differences in his management style compared to Uber's founder Travis Kalanick. Reflecting on the founder vs.

PTI, the Texas Academy of Medicine, Engineering, Science and Technology (TAMEST), which bestows this award to promising researchers in the state, recognized Veeraraghavan, who serves as a professor of electrical and computer engineering at Rice University's George R. Brown School of Engineering.

In 1930, John Maynard Keynes published his short essay ‘Economic Possibilities for Our Grandchildren,’ in which he outlined his vision of a future global economy characterized by leisure and abundance. As the rapid advance of artificial intelligence (AI) now threatens to displace millions of workers, it is worth revisiting this brilliant, passionate work. Keynes originally wrote his essay in 1928 for a lecture at a boys’ school in Hampshire, England, and spent two years revising it before its publication.

Ahmedabad-based realty firm Savvy Group has emerged the highest bidder for developing the largest commercial and recreational project in the special economic zone of Gujarat International Finance Tec-City, or GIFT City. The project — spread over 2.8 million sq ft and entailing an investment of more than ₹1,200 crore — will also include an innovation and startup hub. The company has pipped three other bidders to bag the proposed project that surpasses all existing developments within the GIFT City, which previously boasted the largest development covering a million sq ft.

UFlex Limited has not only managed to provide an efficient solution to recycling multi-layer mixed plastics but have also shown a willingness to share this expertise with the wider industry ensuring that the wider industry reaps the rewards of innovative sustainable practices. Their enzyme-based delamination technology provides a sustainable packaging solution by efficiently segregating layers in aseptic packaging and reintroducing recycled paper into circulation, thereby closing the circular loop.

real estate developer Savvy Group has emerged as the highest bidder to develop the GIFT Special Economic Zone’s largest commercial and recreational project, including an innovation and startups hub, spread over a total 2.8 million sq ft with a total investment of over Rs 1,200 crore. The company has pipped three other bidders to bag the proposed project that surpasses all existing developments within the GIFT City, which previously boasted the largest development covering a million sq ft. This is the first project conceived by the GIFT City authority following the recent declaration by the Gujarat government to grant an exemption to GIFT City from a long-standing liquor prohibition law dating back 63 years. This exemption aims to bolster the city's appeal to foreign corporations, encouraging increased investment in the region.

Electric-vehicle startups once said their greatest challenge was building cars fast enough; now selling them is proving difficult. Rivian Automotive and Lucid Group last week offered disappointing production outlooks for this year, saying EV demand is being hit by high interest rates and economic uncertainty. The electric-pickup maker Rivian plans to produce 57,000 vehicles this year, roughly the same number as last year.

Electric-vehicle startups once said their greatest challenge was building cars fast enough; now selling them is proving difficult. Rivian Automotive and Lucid Group last week offered disappointing production outlooks for this year, saying EV demand is being hit by high interest rates and economic uncertainty. The electric-pickup maker Rivian plans to produce 57,000 vehicles this year, roughly the same number as last year.

Tamil Nadu Chief Minister M K Stalin on Sunday laid the foundation stone for the electric vehicle car and battery manufacturing facility of VinFast Auto Ltd, which has earmarked investments of Rs 16,000 crore for the state, just 50 days after signing an MoU with the Vietnam-based EV maker. The memorandum of understanding with the Government of Tamil Nadu for the plant was signed during the Global Investors Meet held by the DMK government in January. The quick turnaround time from signing to the MoU to laying the foundation stone — 50 days — is an example of Tamil Nadu's industry-friendly climate and showcases the government's commitment to quick clearance of approvals. «In just 50 days since the MoU (was signed) Thoothukudi welcomes VinFast's first EV plant — a monumental stride for the Dravidian Model Economy,» Stalin said. «With Rs 16,000 crore investments and 10,000 plus jobs on the horizon, we are charging ahead into a future where opportunity and innovation meet,» he said in a release.

₹510 crore via initial public offerings (IPO). The shares of EaseMyTrip is currently trading at ₹47.85 on NSE. Also read: Gloves on: Not taking allegations lying down, remain CEO, says Byju Raveendran Rikant Pittie, co-founder of EaseMyTrip, in a recent interview with Mint's Vaamanaa Sethi shared insights about his overall entrepreneurial journey and also talked about the challenges the company faced in the initial days.