Defence Tech Startups Get Rs 750 Cr ADITI Scheme
The Indian government has launched a new scheme to support and promote innovations in critical and strategic defence technologies by startups. The scheme, called Acing Development of Innovative Technologies with iDEX (ADITI), aims to provide grants worth up to Rs 25 crore for research, development, and innovation in defence technology. What is ADITI scheme? ADITI […]
Flipkart Expands Same-Day Delivery in 20 Cities
Flipkart, India’s leading e-commerce platform, has announced that it will soon offer same-day delivery service in 20 cities across the country. The service will start rolling out in February and will cover a wide range of products, including mobiles, fashion, beauty, lifestyle, books, home appliances and electronics. The same-day delivery service will be available in […]
Bajaj Allianz AI Bot ‘Insurance Samjho’ Simplifies Insurance
Insurance is a complex subject that often confuses customers with its jargon and fine print. Many policyholders are not aware of the details of their coverage, exclusions, and procedures, which can lead to dissatisfaction and disputes during claim settlement. To address this challenge, Bajaj Allianz General Insurance has launched a Gen AI-powered bot called ‘Insurance […]
NITI Aayog Digital Platform Launched by Vaishnaw
Union Minister of Communications, Railways, and Electronics & Information Technology Ashwini Vaishnaw launched NITI Aayog’s digital platform ‘NITI For States’ on March 7, 2024. The platform is a cross-sectoral knowledge platform designed to become a Digital Public Infrastructure (DPI) for Policy and Good Governance. It aims to facilitate the digital transformation of governance by equipping […]
HSBC Premier Introduces New Service at Mumbai Airport
HSBC Premier, the premium banking service from HSBC, has launched a new service for its customers at the Mumbai airport. The service offers six complimentary airport assist services (four domestic and two international) till June 30, 2024. The service aims to provide a hassle-free travel experience for HSBC Premier customers at Terminal 2 of Mumbai’s […]
NPCI and IISc Collaborate for AI, Blockchain Research
The National Payments Corporation of India (NPCI) and the Indian Institute of Science (IISc) have signed a multi-year Memorandum of Understanding (MoU) to conduct joint research on blockchain and artificial intelligence (AI) technology. The collaboration will also establish the ‘NPCI-IISc Centre of Excellence (CoE) for Deep Tech Research & Development’ to foster innovation in these […]
Goa Tourism: Co-working Spaces on Beaches
Goa, the popular beach destination in India, is gearing up to offer a new attraction for its visitors: co-working spaces on the beaches. The state tourism department has announced that it will soon set up facilities on Morjim and Ashwem beaches, where people can work remotely while enjoying the scenic views and the pleasant weather. […]
Celebrities, Influencers Warned Against Betting Ads
The Central Consumer Protection Authority (CCPA) has issued a stern warning to celebrities and influencers who promote betting and gambling activities through advertisements. The CCPA said that such endorsements are illegal and can have serious financial and social consequences, especially for the youth. What are betting and gambling activities? Betting and gambling are activities that […]
Delhi HC Stops $135M Asset Sale in Shanghai Electric vs Reliance Case
The Delhi High Court has ordered Reliance Infrastructure Ltd (RIL) to maintain status quo on its assets and restrained it from selling, transferring or creating any encumbrances on its stake in two power distribution companies in Delhi, BSES Yamuna Limited and BSES Rajdhani Limited, until further orders. The order was passed by Justice Sanjeev Narula […]
CCI New Penalty Rules: Based on Company Income, Turnover
The Competition Commission of India (CCI) has issued new guidelines for imposing penalties on companies that violate the competition law. The guidelines, which came into effect from March 6, 2024, allow the CCI to base the penalties on the average turnover or income of the company derived from all products and services, and not just […]