Author: Rahul Mehra
News Editor

New Delhi: LG, India’s leading consumer durable brand, is set to make waves with the upcoming launch of its highly anticipated laptops LG Gram series. Designed to deliver exceptional performance, ultra slim design, and uncompromising portability, the Gram series is set to become synonymous with excellence in the world of laptops. The LG Gram 13th Generation series launch is scheduled for the 14th of June 2023, and it will be a momentous occasion for tech enthusiasts and consumers alike. The unveiling will take place exclusively on LG’s official website, lg.com/in/lg-gram, where visitors will have a front-row seat to witness the next…

New Delhi: The Financial Conduct Authority (FCA) in the United Kingdom has announced implementing new rules for crypto influencers starting October 8, 2023. These regulations aim to impose stricter guidelines on individuals promoting cryptocurrencies, according to reports. Under the new rules, crypto exchanges in the UK will be required to introduce a “cooling-off period” for new investors. Additionally, the FCA will prohibit the offering of “refer a friend” bonuses by organizations operating in this market. Sheldon Mills, the executive director of consumers and competition at the FCA, emphasized the need for the crypto industry to prepare for these significant changes.…

New Delhi: Approximately 50% of the total outstanding Rs 2,000 denomination notes in circulation as of March 31 have been returned to banks since May 19, according to Reserve Bank of India (RBI) Governor Shaktikanta Das. Out of the Rs 3.62 trillion worth of Rs 2,000 banknotes in circulation, around Rs 1.8 trillion has been deposited or exchanged. Das further stated that on a provisional basis, about 85% of the Rs 2,000 notes are being deposited into bank accounts, while the remaining are being exchanged at bank counters. State Bank of India’s chief economist, Soumya Kanti Ghosh, highlighted that approximately…

New Delhi: During the Digital India Dialogues held at the Indraprastha Institute of Information Technology in Delhi, Sam Altman, the CEO of OpenAI, emphasized the importance of considering artificial intelligence (AI) regulations to mitigate potential drawbacks. Altman had a meeting with Prime Minister Narendra Modi, where they discussed India’s opportunities and the necessity of global regulations to address potential downsides. Altman expressed his satisfaction with the meeting and mentioned his inquiry about India’s early and extensive adoption of ChatGPT, to which the Prime Minister provided insightful answers. OpenAI is also interested in funding Indian startups and has engaged in discussions…

New Delhi: BlackRock, the world’s largest asset manager, has announced plans to raise up to $7 billion for its fourth Global Renewable Power Fund. The fund aims to support climate-friendly investments and will primarily focus on projects in Organisation for Economic Co-operation and Development (OECD) countries. In addition to wind and solar energy, the fund will also explore opportunities in other clean technologies, such as batteries and grid infrastructure. The growing demand for investments in renewable energy projects is driven by institutional investors seeking to align their portfolios with the global transition to a low-carbon economy. BlackRock’s Global Head of Climate…

New Delhi: Adani Ports & SEZ (APSEZ) has set a goal to achieve a 100% renewable energy mix in its electricity consumption by FY25. In addition, the flagship company of the Adani group, Adani Enterprises (AEL), has made a commitment to plant 100 million trees by 2030. APSEZ aims to not only transition to a fully renewable energy mix but also reduce energy intensity by 50% and emission intensity by 60%, as outlined in the group’s environmental, social, and governance (ESG) performance compendium for FY23. Adani Transmission (ATL) has targeted a 60% share of renewable power procurement by FY27. The private…

New Delhi: Shares of SpiceJet experienced a significant surge on June 8 as the low-cost airline announced its partnership with FTAI Aviation, a renowned aftermarket provider of engine services. This collaboration aims to reduce maintenance expenses and minimize aircraft downtime for SpiceJet. Under the agreement, FTAI Aviation, listed on the New York Stock Exchange, will lease up to 20 engines to SpiceJet, along with providing maintenance services. By leveraging FTAI Aviation’s expertise in engines, SpiceJet will have access to a steady supply of available engines, eliminating the need for frequent shop visits. SpiceJet emphasized that this revitalization program will not only…

New Delhi: Byju’s, the leading edtech startup globally, has introduced innovative AI-based learning models to enhance user outcomes and expand its offerings, with the aim of attracting students and optimizing expenses. The company launched three AI models named Badri, MathGPT, and TeacherGPT, collectively known as Byju’s WIZ, boasting an impressive 90 percent accuracy rate. Badri is a predictive AI knowledge-tracing model, MathGPT utilizes machine-learning algorithms to solve complex math challenges, and TeacherGPT offers personalized guidance to students and grades their responses. These three AI models have already been integrated into Byju’s curriculum for students from kindergarten to class 12 at their…

New Delhi: e-Sprinto, India’s fastest-growing electric two-wheeler brand, has announced its ambitious plans to sell 10,000 eco-friendly electric two-wheelers by the end of the fiscal year 2023. Thus far, the bootstrapped startup has successfully sold over 5500 units of its innovative two-wheeled vehicles pan India which attests to its competence in striving towards the ambitious objective. e-Sprinto has emerged as a trendsetter in the electric vehicle industry by offering a range of electric two-wheelers that are both efficient and environmentally friendly. Currently, the company’s impressive portfolio comprises of e-Sprinto & e-Sprinto BB low-speed EVs, as well as the high-speed Sprinto HS…

New Delhi: Les Petits, the luxury fashion brand for kids, has integrated a new toy vertical into its entire offering to elevate children’s experience. This diversification is in complete resonance with the brand’s vision of creating a one-stop shopping destination for children.     Since its inception, Les Petits has been relentlessly working towards the creation of an ecosystem where diverse products from leading international brands are offered under a single roof. Carrying the proposition forward, the brand has aced the game by foraying into the toy section to offer a whole new category. It is redefining the perception of the kids’…