Author: Shubham Chaurasia

Ola has announced that they will spend $500 million to build a battery innovation hub in Bangalore. Highlights- Ola Ola is in talks with many global suppliers to build a battery cell manufacturing plant in India. Ola will spend $500 million on the project. Ola’s Battery Innovation Center (BIC) in Bangalore will be the largest in the world. They will hire more than 500 engineers and PhDs in around a month. Ola is looking to build the most advanced battery cell R&D facility in Bangalore. They will spend around $500 million (around Rs 4,000 crore) on the project. Ola’s CEO…

Augmented reality or AR is being implemented in the construction process and many other processes in 2022. Highlights AR is a technology that allows the user to see real-world overlaid with digital data. AR has been implemented in the construction process in 2022. AR global value will increase dramatically in 2022 and in future. Companies like Hyundai E&C, AECOM and others are the leading adopters of AR in construction. Augmented Reality is a technology which allows people to see the real world overlaid with the help of data stored digitally. A few years back, AR was a dream for many…

RBI looking to ban crypto in India but requires Global collaboration to achieve the agenda. Highlights Finance Minister Nirmala Sitharaman said in response to a query in Lok Sabha that cryptocurrency should be banned or regulated in India as it has an adverse effect on the Indian economy. She further added that to ban or regulate crypto, it has to be a global collaboration or effort as crypto is a global object. Crypto is a global asset as it can be transferred and used as a monetary exchange in any country in the world. To regulate cryptocurrency, the Global body…

China is gearing up to launch its 2nd space module for the under-construction space station on 24th July. Highlights China is said to complete its space station around the end of 2022 or the start of 2024. China is launching its 2nd Module on 24th China requires 10 more module launches to complete its space station. A new module called Wentian will join the Tianhe (1st module). China will launch their second space module : China is all set to launch its second module for the under-construction space station on 24th July. China needs 10 more module launches to complete…

Airtel successfully tested 5G in India with the help of a telecom network provider Mavenir. It was a 3500 MHz band test spectrum and it was done in Mohali, Chandigarh and Bangalore. Highlights Airtel did India’s first 5G network validation test. It was done at a 3500MHz band test spectrum. Airtel partnered with Mavenir (a telecom network software provider) to test the 5G network in India. The testing for 5G was done in Chandigarh, Mohali and Bangalore. The test network speed was over 1GB per second. Bharti Airtel did India’s first ever 5G in Chandigarh, Mohali and Bangalore. Airtel partnered…

3D-printed rocket engine factory, Space tech start-up Agnikul Cosmos has opened the factory in Madras. Highlights Agnikul Cosmos a space tech start-up has opened India’s first 3D-printed rocket engine factory.It will produce 2 rocket engines per week which comes to one launch vehicle every month.It’s the first time for India that a facility is dedicated to only build to 3D-printed rocket engines.The facility will consist of three 3D-printer which can together produce two rockets in a week.The facility is around 10000 square-foot and it’s located in IIT madras Research Park. India’s first 3D-printed rocket engine factory India’s opened their first…

India’s import has been increasing from China for the past few years. Meanwhile, India’s export hs been decreasing at an alarming pace. Highlights China’s export has recovered by 13.2% with a total trade up of 14%in June. India’s imports increased at a record high by 34.5%. India imports a total of $57.51 billion in the year’s first half. India made a record with the highest total import in the first half of the year ever. India’s export to China is decreasing at a steady pace. India’s import from China has been increasing lately at a steady pace which is a…

Amazon prime day will be coming back to India on the 23rd and 24th of July. Highlights Amazon Prime day will start on the 23rd of July. The sale will be available for 2 days (23rd and 24th July). ICICI and SBI cards will receive a 10% discount during the sale. Amazon prime will bring many new exciting deals on products like TVs and smartphones. Amazon prime day is held annually and this time it is happening on the 23rd and 24th of July. During the sale, there will be discounts on various smartphones, TVs, laptops and many other products.…

Coimbatore has been a textile hub for years, but after the pandemic, it is becoming a tech hub as well. Highlights Coimbatore, now a tech hub after the pandemic, has been showing signs of growth in hiring. For years, it has been a textile hub. Coimbatore is Tamil Nadu’s second-largest city. The city appears to be getting a new technological makeover. It is one of India’s emerging IT hubs. Coimbatore was once a textile centre, but since the pandemic, people have been working from home. IT firms have been attempting to expand outside of major metropolitan areas. Coimbatore’s hiring has…

TCS Q1 results in FY2022-23 fell short of the estimates. It’s not like the demand was less but the operating margin was a bit less. Highlights TCS Q1 revenue is at $6,780 million which is a 15.5% increase YoY. The revenue estimate was $6,799 million for Q1. Q1 results have made estimates for FY23 and FY24 to be cut short by a few %. TCS showed a growth of 4.28% in QoQ. The net cash from the operation is Rs 10,810 crore. Tata Consultancy Services (TCS) is the largest IT company in India in terms of market capitalisation. TCS declared…