Malé, May , 2024— The Maldives has announced plans to implement India’s RuPay payment system, a significant step toward improving economic cooperation and financial stability. While the precise start date is unknown, the project is expected to strengthen the Maldivian Rufiyaa and deepen commercial connections between the two adjacent countries. The announcement comes after ongoing…
Pune, Maharashtra, May, 2024— The third edition of the Pune Machine Tool Expo (PMTX) and the inaugural Factory Equipment Expo (FACTEQ), held by the Indian Machine Tool Manufacturers’ Association (IMTMA), began on May 25, 2024, at the Pune International Exhibition and Convention Center. These events will culminate on May 28, 2024, bringing together industry leaders,…
Accra, May 2024 — Mukesh Ambani, Asia’s richest man and the chairman of Reliance Industries Ltd., is expanding his telecom empire into Africa with a new venture in Ghana. Next-Gen InfraCo (NGIC) plans to supply 5G broadband services to the region’s fast-growing mobile broadband sector. Radisys Corp., a Reliance company, will play an important role…
San Francisco, May 2024— OpenAI’s recent release of its new huge language model, GPT-4o, has aroused outrage owing to its voice, Sky, which many say closely resembles that of Hollywood actress Scarlett Johansson. During the streaming event, Chief Technology Officer Mira Murati emphasized GPT-4o’s user-friendly, multimodal capabilities, which include speech, text, and vision interactions. However,…
Ztech India Limited is poised to launch its Initial Public Offering (IPO) on May 29, 2024. The IPO, structured as a book-built issue, aims to raise Rs 37.30 crores through the issuance of 33.91 lakh fresh equity shares. The subscription window will be open until May 31, 2024. Post-issue, Ztech India’s equity shares are scheduled…
Smartphones have become India’s fourth-largest export item, growing by 42% to $15.6 billion in fiscal year 24. This significant rise in the export ranks saw cellphones surpass motor fuel, ushering in a new era in India’s export environment. India began separately recording smartphone export data in April 2022. Since then, the sector has shown excellent…
Mumbai, – Passengers on Air India aircraft AI-179 headed for San Francisco experienced severe delays on Friday due to a technical issue and a passenger being ill. The flight, which was originally scheduled to depart from Mumbai International Airport at 4:00 p.m., will instead leave at 10:30 a.m. on Saturday. The problems began when the…
Mumbai, – In a strategic move, Mukesh Ambani’s Jio Financial Services (JFS) plans to seek shareholder permission for a significant acquisition from Reliance Retail Ltd, Reliance Industries’ retail arm. Jio Leasing Services Limited (JLSL), JFS’ leasing company, intends to enter into the device leasing market by purchasing telecom equipment and devices for Rs 36,000 crore…
May 24, 2024: In a shocking disclosure, Rajan Bajaj, the founder of fintech unicorn Slice, earned only Rs 12000 per year in fiscal year 2022–23 (FY23). This substantial disparity in pay was revealed in research produced by PrivateCircle Research, which shed light on the income disparities among unicorn founders in India. In comparison, FirstCry CEO Supam…
Elon Musk, CEO of Tesla and SpaceX, has envisioned a future where traditional employment could become a personal choice rather than a necessity, thanks to advances in AI and robotics. Speaking at the VivaTech 2024 Conference, Musk predicted that AI and robots would eventually handle the bulk of production and service tasks, allowing people to…
