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Gallium Nitride (GaN) semiconductor startup Agnit Semiconductors on Thursday said it has raised $3.5 million in a seed round led by 3one4 Capital and Zephyr Peacock – marking their first investment in India’s semiconductor sector. Along with two new investors, the company said the round also witnessed participation from former CEO of Cognizant and angel investor Lakshmi Narayanan. The five-year-old Bengaluru-based startup, which was also one of the nominees for the 'Top Innovator' category at the ET Startup Awards, has raised $4.87 million in total so far and plans to utilise the fresh funds to scale its production and commercial operations.

net zero by 2070 is driven by its unwavering commitment to mitigate climate change, reduce carbon emissions and sustainable development. For a growing economy with a population of over 1.4 billion that is heavily dependent on fossil fuel, achieving this target seems like a formidable task for the country. However, in the past few years, India’s journey to become a global leader in clean energy has been marked by remarkable technological evolution and initiatives. By investing in renewable energy sources, and enhancing energy efficiency, the country has surpassed several developed countries to establish itself as the third largest producer of renewable energy, with 40% of its installed electricity generated from non-fossil fuel sources in 2021 itself. Some of the innovative technologies paving India’s journey towards clean energy transition are: Solar and Wind Power Nine years after the Paris Climate Agreement (COP 21) 2015, India has made significant progress in strengthening its solar and wind power capacity as a means to transition to a clean and sustainable energy future. Based on the report by the Central Energy Authority (CEA), the contribution of solar and wind to India’s energy mix has increased to 26 per cent in March 2023 from 9 per cent recorded at the end of 2011-12.

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₹1,999.This innovative fitness ring is available in three stylish finishes—Titanium Black, Titanium Silver, and Titanium Gold—and offers an impressive nine size options, catering to a wide range of users. Starting at a price of ₹38,999, the Galaxy Ring can be purchased through Samsung.com, select retail outlets, Amazon, and Flipkart. Customers can also take advantage of Samsung’s sizing kit to ensure they choose the correct size before making a purchase.

With plans for a crewed lunar landing in September 2026, which will mark the first time in over 50 years that humans will set foot on the Moon, NASA aims to establish a sustainable human presence there. This mission will not only feature the first woman and the first person of color to walk on the lunar surface but also emphasizes the importance of sustainability in space exploration.

Ericsson's India R&D centers are stepping up focus on network API (application programming interfaces) which allow new and existing industry sectors to utilize the advanced capabilities of telecommunications networks, the company announced. «Today even as service providers are delivering the benefits of 5G to consumers and enterprises, they have an opportunity to transform the network into a platform for innovation by making advanced 5G network capabilities available to the global developer community through open network application programming interfaces (APIs). For example, capabilities such as quality on demand and network slicing can be made available through programmatic interfaces,» the company said. «We are stepping up the work on AI, Gen AI and Network APIs at our R&D Centers in India,» said Andres Vicente, Head of Southeast Asia, Oceania and India.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Mao is the Editor for Partnerships and Sponsored Content at Cryptonews. With five years in the crypto industry, she collaborates with partners to bring the latest updates and insights to our readers.

Officially launched in 2020 to take advantage of cutting-edge healthcare companies, the fund's assets under management have now fallen to £26m.  Co-managed by Julia Angeles, Marina Record and Rose Nguyen and having been run internally for two years, the fund sits in the bottom quartile over several timescales, returning 4.4% over one year against the IA Healthcare average of 12.6%, according to FE fundinfo.  Baillie Gifford to shutter four bond funds and scrap international fixed income business Following a strategic review, Baillie Gifford has concluded the fund is no longer comme...

Google set to purchase the output starting in 2030 and ramping up to a full capacity of 500 megawatts by 2035.Kairos Power, which received a permit from the Nuclear Regulatory Commission last December to establish a pilot project in Tennessee, is poised to leverage its innovative molten-salt technology, promising enhanced safety compared to traditional water-cooled reactors. Reportedly, the ambitious project is supported by a substantial $303 million grant from the Department of Energy, highlighting the potential for significant advancements in nuclear energy.The tech giant's involvement is expected to provide a credible off-take for Kairos’ electricity, enabling the developer to secure further funding for its ambitious plans, adds the report.

iPad Mini 2024 has been priced attractively, with the Wi-Fi model starting at ₹49,900, while the cellular variant is available from ₹64,900. Pre-orders for the device have commenced today, with official sales set to begin on October 23 across Apple’s official retail outlets.In terms of specifications, the iPad Mini boasts an 8.3-inch Liquid Retina display, which is expected to operate at a 60Hz refresh rate.

Ola Electric on Tuesday issued a clarification about the regulatory scrutiny into the pricing of its most affordable scooter. «We have not changed the price of Ola S1 X 2 KWh. We are running a very limited time festive campaign for a brief period where we are giving a general discount of Rs 5,000 to every customer and higher discount of Rs 25,000 to only a few customers and that too only with very limited inventories,» the company said in a filing to the exchanges. The Automotive Research Association of India (ARAI) had raised concerns about Ola Electric’s failure to inform the agency of a price reduction for its S1 X 2 kilowatt-hour model before initiating its high-profile “BOSS” sale.

Boeing India President Salil Gupte shared these insights during a symposium organized by the India Foundation for Quality Management. He emphasized the necessity for Indian companies to enhance their position within the global supply chain and to seize the emerging opportunities presented by quality improvements in manufacturing.

IndiGo Ventures, the corporate venture capital fund of India’s largest carrier IndiGo, said it is expected to begin investments by the end of FY 2024-25. The fund will focus on startups that have the potential to reshape the future of aviation and related sectors, offering pre-Series A, Series A, and Series B funding. It will target startups working on innovative technologies in aviation as well as consumer-focused ventures in areas like travel, lifestyle, hospitality, and transportation, the company said in a statement Tuesday. IndiGo has launched the website GoIndiGoVentures.com, which provides information on the fund’s investment strategy, value proposition for founders, and details about the governing entities.

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Mao is the Editor for Partnerships and Sponsored Content at Cryptonews. With five years in the crypto industry, she collaborates with partners to bring the latest updates and insights to our readers.

Nirmala Sitharaman on Monday said the government is simultaneously “pushing all levers” to sustain the current high growth rate, and the country’s economic prospects for this fiscal have been recognised by multilateral bodies like the International Monetary Fund (IMF) and the World Bank. India, the minister said, can be a leader in Industrial Revolution 4.0, which is guided by artificial intelligence (AI), machine learning and Big Data & Analytics, thanks to its large young population. Sitharaman was speaking at an event at St Teresa’s College in Ernakulam, Kerala, her office said in a post on X (formerly Twitter).

Amazon India on Monday announced the launch of Amazon Smbhav Hackathon 2024, a nationwide competition to forge next-gen tech and AI-powered innovations for Indian small and medium businesses (SMBs) in e-commerce. The hackathon is part of the lead-up to Amazon Smbhav 2024, the fifth edition of the company’s flagship annual summit in India, and invites innovators across India to contribute to the growth of India’s digital economy. Amazon has partnered with Startup India, DPIIT, National Innovation Foundation (NIF) — India, and the NIF Incubation and Entrepreneurship Council (NIFientreC) to support the immense potential of innovators from the deepest pockets of the country.