Day: 26 September 2024

Global Progress and Challenges for Autonomous Buses and Roboshuttles

Vijay Raman

Author: Shihao Fu, Technology Analyst at IDTechEx   In recent years, the promise of the public transport revolution has been teased by autonomous buses and roboshuttles. These technologies promise to deliver significant cost reductions for operators and alleviate labor pressures. Over 50 autonomous bus and roboshuttle players once competed in this space. However, as the autonomous driving industry evolved during 2022-2024, the commercialization progress of autonomous buses and roboshuttles has been slow, falling short of industry expectations. IDTechEx has observed a yearly decline in the number of active companies from 2020…

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Indian Govt achieves target of planting 80 Crore Saplings Under ‘Ek Ped Maa Ke Naam’ campaign

Vijay Raman

The Ministry of Environment Forest and Climate Change has achieved an important target under tree plantation campaign ‘Ek Ped Maa Ke Naam’ Campaign.  The target was plantation of 80 crore seedlings by September, 2024. The target has been achieved today. This has been made possible through collective efforts of Government Agencies, village level institutions, the local people and other stake holders. Ek Ped Maa Ke Naam is a special country wide Tree Plantation Campaign launched on World Environment Day, 5th June 2024.  Under the campaign, people are encouraged to plant…

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Indian Astronomers map the Differential Rotation of the Sun’s Chromosphere using 100 Years of Kodaikanal Data

Vijay Raman

Recent research conducted by astronomers from the Indian Institute of Astrophysics (IIA) has led to significant advancements in understanding the Sun’s rotation, particularly its differential rotation patterns in the chromosphere. Utilizing over a century of data from the Kodaikanal Solar Observatory, scientists successfully mapped how various latitudinal sections of the Sun rotate at different speeds, providing insights into the complexity of solar dynamics. Source

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Promoting women’s leadership in space

Vijay Raman

A Women in Space Leadership Programme (WiSLP) was launched by Department of Science and Technology (DST) in collaboration with the British Council as part of the UK-India Education and Research Initiative (UKIERI) on September 24, 2024. The initiative focuses on supporting institutions in strengthening gender-inclusive practices to foster women’s leadership in space sciences by developing a strategic leadership framework. Coventry University is the delivery partner in this initiative. “This programme is a significant step towards creating a gender-inclusive environment in space sciences. By building a robust leadership framework, we can…

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Advance Light Weight Bullet Proof Jackets develop by DRDO & IIT Delhi

Vijay Raman

The Defence Research and Development Organisation (DRDO) in collaboration with the Indian Institute of Technology (IIT) Delhi has developed a groundbreaking lightweight bulletproof jacket known as ABHED (Advanced Ballistics for High Energy Defeat). This innovative jacket provides comprehensive 360-degree protection and meets the highest military threat levels, benefiting Indian armed forces by enhancing both safety and mobility on the battlefield. Source

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Q3 2024 Housing Sales Dip 11% Y-o-Y in Top 7 Cities, Remain Higher Than New Launches

Vijay Raman

  1.07+ lakh units sold across the top 7 cities in Q3 2024, against 1.20+ lakh units back in Q3 2023 MMR saw highest sales of approx. 36,190 units, followed by Pune with approx. 19,050 units; together, these cities accounted for 52% of total sales in Q3 2024 New supply also witnesses a 19% drop, falling below the 1 lakh mark for 1st time since Q1 2023 MMR tops new supply with approx. 29,615 units launched in Q3 2024, followed by Bengaluru with approx. 15,915 units Share of new luxury…

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IIFL Finance to Offer Gold Loan at 1% Interest Rate Per Month From September 25 to September 28, 2024

Vijay Raman

  IIFL Finance, one of India’s leading non-banking financial companies (NBFC), announces Gold Loan Mela from Wednesday, September 25 to Saturday, September 28, 2024 in Delhi and Gurgaon NCR. During this period, customers will have the opportunity to avail of gold loans at a flat 1% interest rate per month with zero processing fee (NIL PF).   Through this Gold Loan Mela, IIFL Finance aims to extend affordable credit to individuals in need of immediate financial support, helping them access gold loans at reduced costs. With branches across India and a seamless…

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Dhruv Goyal on the Small Diversions in Indian Markets’ Resilience and Risks

Vijay Raman

Indian markets have exhibited notable resilience, maintaining an upward trajectory even amidst global headwinds. Dhruv Goyal, Founder of Four Lion Capital, credits this strength to a steady domestic capital inflow and solid earnings growth. He acknowledges that challenges like foreign investor outflows and global economic uncertainties have posed risks, but India’s stock markets, especially the Sensex and NIFTY 50, have stayed on course since 2015. However, Goyal warns investors of rising valuations, particularly in the small and mid-cap space. “The Indian stock market has been remarkably stable since 2015, posting…

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Dhruv Goyal Highlights Indian Markets’ Strength and Valuation Concerns

Vijay Raman

The resilience of Indian markets continues to surprise many experts, with Dhruv Goyal of Four Lion Capital pointing to the ongoing strength of domestic investments. Despite global challenges such as the pandemic and foreign capital outflows, Indian markets, including Sensex and NIFTY 50, have demonstrated an impressive ability to rebound since 2015. Goyal acknowledges the pivotal role domestic capital has played in keeping the markets afloat, even as foreign portfolio investors pulled out approximately $18 billion in 2022 due to U.S. rate hikes. “Domestic investors have really stepped up, counteracting…

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