India

RBI Deputy Governor Asks Banks to Gear for Blockchain Future as India Awaits Crypto Rules

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[ad_1] Mahesh Kumar Jain, the Deputy Governor of the Reserve Bank of India (RBI), has predicted that technologies like blockchain and Artificial Intelligence (AI) would be part of the future of finance. The RBI recently met with the directors of Indian banks. The aim of this meeting was to address concerns and risk mitigation measures … Read more

Apple Supplier Foxconn to Start iPhone Production in Bengaluru Plant by April 2024

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[ad_1] Apple supplier Foxconn will start manufacturing iPhones in the southern Indian state of Karnataka by April 2024, the state government said on Thursday. The land for the factory would be handed over to Foxconn by July 1, the government said, adding that the project, valued at Rs. 130 billion, is expected to create around … Read more

Google Leads $36 Million Funding Round for Bengaluru-Based Satellite-Image Startup Pixxel

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[ad_1] Alphabet’s Google is leading a $36 million (roughly Rs. 297 crore) funding round for Bengaluru-based Pixxel, a satellite-image startup, in the first major investment in the Indian space sector since the government launched its privatisation policy in April. Pixxel, founded in 2019, is building a constellation of satellites that have the ability to identify … Read more

Apple’s First Stores in India Recorded Monthly Sales of Over Rs. 22 Crore Each: Report

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[ad_1] Apple opened its first stores in India, one each in Mumbai and Delhi, amid vigorous fanfare and media frenzy back in April. Apple BKC and Apple Saket not only serve as prominent physical storefronts for all Apple products, but also mark the tech giant’s 15-year journey in India. Now, just weeks after they opened … Read more

Delhi to Implement Rs. 14,000-Crore AI-Based Traffic System by End of 2024 to Reduce Congestion: Official

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[ad_1] The national capital will have an artificial intelligence-based traffic system by the end of next year to reduce congestion and facilitate faster and smarter vehicular movement, a senior official said on Wednesday. Speaking at ASSOCHAM seventh road safety conference here, Special Commissioner of Police (Traffic) Surender Singh Yadav mentioned that the Intelligent Traffic Management … Read more

Vedanta-Foxconn, Other Chip Firms Expected to Re-Apply for Government Funding Under Revised Scheme

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[ad_1] Some applicants including Vedanta Foxconn JV are expected to re-apply for government incentives under the modified semiconductor scheme opening from June 1, according to sources. Under the Modified Semicon India Programme, the government has increased the financial incentive of 50 percent of the project cost for companies, consortia, joint ventures for setting up semiconductor … Read more

From Silly Wars to Battle Stars, and Beyond: How SuperGaming Tapped Streaming to Popularise Its Multiplayer Shooter

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[ad_1] Pune-based SuperGaming touts itself as a game developer that is ‘putting India on the global gaming map’, and is taking a rather unique approach to this. For its game Battle Stars, the developer has collaborated with popular games streamer Techno Gamerz (Ujjwal Chaurasia), and also worked on other localisations including a Mumbai-based game map … Read more

Government to Start Electronics Repair Pilot Project; Will Test Easing Rules to Lure Manufacturers

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[ad_1] India will start a pilot project this week to establish itself as an electronics repair hub by relaxing cumbersome import-export rules, a move that could draw tech majors such as Flex to expand such operations in the country. Prime Minister Narendra Modi has promoted electronics manufacturing in India and attracted the likes of Apple … Read more