T-Hub and DST Introduce MATH Hub
T-Hub, India’s leading innovation ecosystem, has partnered with the Department of Science and Technology (DST), Government of India, to launch the Machine Learning and Artificial Intelligence Technology Hub (MATH) in Hyderabad. MATH is a Centre of Excellence (CoE) that aims to nurture startups, create jobs, and foster a supportive ecosystem for AI and ML technologies […]
Infibeam Avenues: New Holder of RBI Payment Aggregator License
Infibeam Avenues, India’s first listed AI-powered fintech company, has received the final authorisation from the Reserve Bank of India (RBI) to operate as a payment aggregator for its payment gateway brand, CCAvenue. The company announced in a press release that it received the final authorisation on March 4, 2024, following the in-principle approval granted in […]
CEO Reveals Adani Defence’s 10-Year Plan
Adani Defence and Aerospace is set to make big investments in the defence sector in the next 10 years, according to its CEO Ashish Rajvanshi. The company aims to support the government’s ‘Make in India’ initiative and achieve self-reliance in defence manufacturing. Adani Defence and Aerospace: A Key Player in Defence Manufacturing Adani Defence and […]
Pay to Nepalese Merchants Using UPI Now
In a landmark development, the Unified Payment Interface (UPI) is now live for cross-border transactions between India and Nepal. This follows a tie-up between the NPCI International Payments Ltd (NIPL) and Fonepay Payment Service Ltd, Nepal’s largest payment network, in September last year. What is UPI and how does it work? UPI is an instant […]
Record 40 Million Farmers Enrolled Under PMFBY
Pradhan Mantri Fasal Bima Yojana (PMFBY), the flagship crop insurance scheme of the Union Government, has registered a record enrollment of 40 million farmers in the Kharif season of 2021. This is an increase of 36% from the previous year, when 29.4 million farmers were enrolled under the scheme. The total area insured under PMFBY […]
Govt raises Raw Jute MSP by Rs 285 for FY25
The Cabinet Committee on Economic Affairs (CCEA) has approved a hike in the minimum support price (MSP) of raw jute by Rs 285 to Rs 5,335 per quintal for the 2024-25 season. The decision is expected to benefit farmers in eastern states, especially West Bengal, where jute cultivation is predominant. The new MSP is 65 […]
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 […]
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 […]
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 […]