Sunday, June 23

INDIA

Read the latest news on startup in India, entrepreneurs, funding, investments, tech news and successful businessman male and female stories on Pixr8.

ChatSUTRA – India’s Own Worldclass AI platform launched in 50 languages
INDIA

ChatSUTRA – India’s Own Worldclass AI platform launched in 50 languages

New Delhi, 10th June 2024: India based TWO AI made a groundbreaking announcement regarding the wider release of its advanced AI model, ChatSUTRA, through the launch of a new AI application named ChatSUTRA on the platform chat.two.ai. This release follows extensive testing and enhancements to ensure optimal performance. ChatSUTRA is now accessible on both web browsers and mobile devices running iOS and Android operating systems. This development marks a significant milestone as TWO AI opens up SUTRA's state-of-the-art capabilities to a broader audience. A key feature of SUTRA lies in its exceptional multilingual adaptability, which allows users to engage with the AI in over 50 languages seamlessly, eliminating language barriers and cultural discrepancies. Among the diverse language...
How to Visit Ayodhya? Flight, Train and Bus Route
INDIA

How to Visit Ayodhya? Flight, Train and Bus Route

Ayodhya, 18th January 2023: Ayodhya, a holy hindu city that resonates with the echoes of ancient spirituality and timeless culture, invites pilgrims and travelers from all over the world to breathe in its sanctity. Home to the magnificent Ram Mandir, a symbol of architectural splendor and devotional grandeur, your Ayodhya visit promises to be an unforgettable spiritual retreat. Plan your journey with our comprehensive guide, as we chart out the best routes for a seamless passage to the heart of Uttar Pradesh's treasured heritage. Navigating to Ayodhya: Your Travel Options Unveiled Arriving in Ayodhya by Air Recently, On 30th December 2023 Government of India and AAI launched new Airport in Ayodhya known as "Maharishi Valmiki International Airport". Bask in the convenience of direct f...
India Launched its 1st Green Hydrogen Bus
INDIA

India Launched its 1st Green Hydrogen Bus

New Delhi, 25th Sept 2023: In a significant step towards green mobility, India launched its 1st Hydrogen bus at Kartavya Path in Delhi. Running on Green Hydrogen fuel cell, produced using renewable energy, has the potential to play a key role in such low-carbon and self-reliant economic pathways. Green Hydrogen can enable utilization of domestically abundant renewable energy resources across regions, seasons, and sectors, feeding multiple usage streams, either as a fuel or as an industrial feedstock. It can directly replace fossil fuel derived feedstocks in petroleum refining, fertilizer production, steel manufacturing etc. Innovating Mobility: The Power of Fuel Cells Fuel cell technology is emerging as one of the important spokes in the e-mobility paradigm. Hydrogen can be ...
India found 5.9 million tones of Lithium, Crucial for future growth
INDIA

India found 5.9 million tones of Lithium, Crucial for future growth

The Geological survey of India team found 5.9 million tones of lithium reserves in Jammu and Kashmir region of India, the total quantity of lithium found surpasses China. Lithium is a non-ferrous metal and is one of the key components for electric vehicle, mobile, laptop batteries etc. Lithium falls in the critical resource category which was not earlier available in India and were dependent for its 100 percent import. The G3 (advanced) study of the GSI shows the presence of best quality lithium in abundant quantity in the foothills of Mata Vaishno Devi shrine at Salal village (Reasi). The normal grade of lithium is 220 parts per million (PPM), the lithium found in J&K is of 500 ppm-plus grading, and with a stockpile of 5.9 million tons, India will surpass China in its availa...
India Can Beat Global Recession
INDIA

India Can Beat Global Recession

Even though the US and the Euro zone are headed to recession, 1.5 billion people country India is unlikely to face the impact given the "not so coupled" nature of its economy with the global economy. "Indian economy is a lot decoupled from the global economy than we normally think of, given its large domestic demand, even though you (India) are a net importer of energy. But you have enough forex reserves on one hand and your companies have managed to maintain healthy balance sheets," Paul F Gruenwald, S&P global chief economist and managing director said. In fact, India was never coupled fully with the global economy and so is relatively independent of global markets, he said, adding that a lot depends on how global fund flows behave if there is a recession in the US and Europe....
India made drug 2DG can reduce heart damage caused by Coronavirus
INDIA

India made drug 2DG can reduce heart damage caused by Coronavirus

Washington, Nov 8, 2022: 2DG, a drug developed by the Indian defence unit Defence Research and Development Organisation (DRDO) may reverse the heart damage caused by a protein in the SARS-CoV-2 virus, a study conducted in fruit flies and mice has found. Researchers from the University of Maryland identified how a specific protein in SARS-CoV-2, the virus responsible for COVID-19, damages heart tissue. They then used the drug, called 2DG, to reverse the toxic effects of that protein on the heart. Developed by Dr Reddy's Laboratories in collaboration with DRDO, 2DG is an oral drug. The SARS-CoV-2 virus depends upon glycolysis or breakdown of glucose for energy. The drug hinders the process of glycolysis and prevents the growth of the virus. "Our research shows that individual SARS-...
Now India will produce Semiconductor Chips, Vedanta joins hands with Foxconn
INDIA

Now India will produce Semiconductor Chips, Vedanta joins hands with Foxconn

New Delhi, 15th Feb 2022: Indian conglomerate Vedanta has signed a pact with electronics manufacturing services giant Foxconn to form a joint venture (JV) for manufacturing semiconductors in India. Vedanta is the first company to make the announcement to invest in semiconductor manufacturing after the government announced a Rs 76,000-crore programme to boost electronic chip and display ecosystem in the country. "According to the MoU (memorandum of understanding) signed between the two companies, Vedanta will hold the majority equity in the JV, while Foxconn will be the minority shareholder," the statement said. It added that Vedanta Chairman Anil Agarwal will be the chairman of the joint venture. The targeted project plans to invest in manufacturing semiconductors. "It will pr...
India needs 2 Million Cloud Engineers by 2025
INDIA

India needs 2 Million Cloud Engineers by 2025

India has the potential to become the world's second-largest cloud talent hub with the combined effort of government bodies, education and skilling organizations, and technology providers, IT industry body Nasscom said on Monday. Nasscom, in association with Draup, said in a report that India currently ranks third globally with an installed talent pool of 608,000 (FY2021) cloud professionals. "By 2025, India would have an estimated 1.4-1.5 million cloud professionals (baseline growth). However, with an estimated demand for over 2 million professionals by 2025, India could reach 1.7-1.8 million cloud talent pool with a fairly aggressive skilling roadmap," the report titled 'Cloud Skills: Powering India's Digital DNA' said. Tata Consultancy Services (TCS) and Accenture were strateg...
India beats Pandemic, created 53 Unicorns in 2021
INDIA

India beats Pandemic, created 53 Unicorns in 2021

Indian startups received about $6.5 billion in funding in the April-June 2021 quarter, while 11 of them entered the coveted unicorn club, a report by Nasscom-PGA Labs said. During the second quarter, 160 funding deals were closed up 2% from the January-March period. "Q2 2021 has been impeccable for the start-up growth story. From being the most funded quarter, it has also added the most number of unicorns. Standing tall during the pandemic second wave headwinds, the Indian start-up ecosystem has shown strong resilience in this quarter," the report said. Funding raised in the June quarter was at $6.5 billion, up by 71% quarter-on-quarter. The biggest deal during the quarter was the $ 800 million fundraisings by food delivery platform Swiggy, followed by ShareChat ($502 million)...
India woos Tesla with offer of cheaper production costs than China
INDIA

India woos Tesla with offer of cheaper production costs than China

India is ready to offer incentives to ensure Tesla Inc's cost of production would be less than in China if the carmaker commits to making its electric vehicles in the south Asian country, transport minister Nitin Gadkari told Reuters. Nitin Gadkari's pitch comes weeks after billionaire Elon Musk's Tesla registered a company in India in a step towards entering the country, possibly as soon as mid-2021. Sources familiar with the matter have said Tesla plans to start by importing and selling its Model 3 electric sedan in India. "Rather than assembling (the cars) in India they should make the entire product in the country by hiring local vendors. Then we can give higher concessions," Gadkari said in an interview, without giving details of what incentives would be on offer. "The gover...
Indian Fintech Companies Raises $2.7 billion in 2020
INDIA

Indian Fintech Companies Raises $2.7 billion in 2020

Mumbai, Feb 27th, 2020: Despite the pandemic-induced disruptions, venture capital funds pumped USD 2.7 billion into domestic fintech companies in 2020, the second-highest fund infusion into the sector since 2019 when it had peaked at USD 3.5 billion, according to a report. The biggest investments were into Bengaluru-based payments firm Navi Technologies at USD 397.9 million from angel funds, Noida-based Pine Labs attracted USD 300 million from private equity players, and Razorpay received USD 100 million from GIC of Singapore, Sequoia and others, making it a unicorn. As against this, global fintech investments stood at a whopping USD 105 billion across 2,861 deals in the year, the third-highest annual total ever, as per the data collated by KPMG India. Despite pandemic challenges...