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HinduBusinessLine
18h
284
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IIT-Kanpur nurtures startups developing cutting-edge drones
- Two startups incubated at IIT-Kanpur have developed innovative drone designs for specific applications.
- VU Dynamics has created catapult-launched fixed-wing kamikaze drones and rotary-wing drones for defense purposes.
- EndureAir has developed tandem rotor rotary drones and tilt-rotor drones for defense logistics.
- Both startups are working on advanced drone technologies, including drones that can land on moving objects like ships and trucks.
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HinduBusinessLine
18h
336
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The romance of the underdog
- Crystal Palace secured its first-ever silverware after previous failures in 1990 and 2016 finals, making the victory sweeter.
- Manager Oliver Glasner credited for leading a cohesive team without superstars in a remarkable season for Crystal Palace in the English Premier League.
- Goalkeeper Dean Henderson emerged as the hero for Crystal Palace with outstanding saves and a penalty save, though VAR controversy arose over an earlier incident.
- Crystal Palace's deserving win over Manchester City saw them display excellent defense and menacing counterattacks, as Manchester City faced a trophy-less season for the first time since 2016, leading to introspection for Guardiola's team.
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HinduBusinessLine
18h
7
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Below the line
- Media personnel were given a standing ovation during the briefing on Operation Sindoor by the Tri-service chiefs, which was different from the usual stoic briefings.
- Tri-service chiefs added poetry and wit to the briefing, quoting poems to convey messages of resolute resolve and defense against aggression.
- Air Marshal AK Bharti quoted poetry and addressed queries with humor, drawing laughter and applause from the media.
- In other news, despite tensions with Türkiye and Azerbaijan supporting Pakistan, travel bookings to their countries remain unaffected, with existing plans proceeding as cancellations are costly.
- On the occasion of GST's eighth anniversary, the CBIC organized a cyclothon in coordination with the FIT INDIA Movement to promote GST's impact and engage with taxpayers through public health advocacy initiatives.
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HinduBusinessLine
18h
84
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India is rapidly progressing in drone technology, says IIT-Kanpur’s Director
- IIT-Kanpur is becoming a prominent center of drone technology development, thanks to its airstrip and 'flight lab'.
- Prof Manindra Agrawal, Director of IIT-Kanpur, aims to establish it as a national drone technology hub.
- India is progressing swiftly in small-weight drone categories but lags behind in larger drones that can carry heavy payloads.
- Challenges include the need for specialized engines for drones and developing communication systems and cameras locally.
- IIT-Kanpur initiated drone projects funded by an alumnus, resulting in successful startups like EndureAir and VU Dynamics supplying to the armed forces.
- The institute has advanced testing facilities, including an airstrip, flight lab, wind tunnel, and 3D printing for prototyping drones.
- Prof Subrahmanyam Saderla developed a flight simulator for drones at IIT-Kanpur.
- The aim is to make IIT-Kanpur a national hub for drone technology, supported by stakeholders from the armed forces and Ministry of Defence.
- Efforts are underway to secure funding for expanding prototyping and testing facilities for drones at IIT-Kanpur.
- India is making significant progress in drone technology, positioning itself on par with global advancements in certain drone categories.
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HinduBusinessLine
18h
269
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Star Housing Finance to bolster capital base with equity raise of up to ₹50 cr
- Star Housing Finance plans to raise up to ₹50 crore to support its four-fold growth in Assets Under Management (AUM).
- The company aims to open 80-85 new branches in the next three years in states like Uttar Pradesh, Chhattisgarh, and Telangana to enhance its reach.
- Star HFL currently operates 35 branches across six states and is looking to list its equity shares on the National Stock Exchange of India.
- The funds raised through the equity raise will be utilized solely for growth purposes, with plans to increase AUM to ₹1000-1500 crore in about two-and-a-half years and to ₹2,000 crore in three years.
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Bloomberg Quint
18h
210
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Ola Krutrim Says Employee Who Died By Suicide Was On ‘Personal Leave’
- Ola Krutrim employee died by suicide while on 'personal leave', amidst claims of extreme work pressure as per Reddit posts.
- The employee had sought rest and was granted personal time off by the company before the tragic incident.
- Allegations from Reddit posts suggest work pressure from boss Rajkiran Panuganti might have contributed to the employee's situation.
- Ola Krutrim expressed deep sorrow over the loss, highlighting the employee's value and extending support to the family and employees.
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TechJuice
18h
133
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FBR Imposes 10% Processing Fee On Afghan Goods
- The Federal Board of Revenue (FBR) in Pakistan has imposed a 10% processing fee on Afghan transit goods, effective from May 17, 2025.
- The fee expansion now covers additional items such as agricultural equipment, machinery, and industrial tools brought into Pakistan through the AFG border.
- This move aims to prevent misuse of the Afghan Transit Trade facility due to lower customs duties in Afghanistan compared to Pakistan.
- The imposition of this processing fee could potentially strain trade relations between Afghanistan and Pakistan, impacting the positive trend in bilateral trade witnessed recently.
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HinduBusinessLine
18h
321
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How India’s prowess in space is its ‘fourth dimension’ of warfare
- India has recognized space as a critical 'fourth dimension' of warfare and has developed significant capabilities, including anti-satellite weapon demonstration under 'Mission Shakti' in 2019.
- India's space capabilities include surveillance, electronic warfare, cyber warfare, and potential kinetic attacks to protect assets like the NavIC navigation system.
- India aims to enhance its space-based surveillance infrastructure by launching 52 satellites over a 10-year period, although facing setbacks like the technical failure of the RISAT 1B launch.
- India is also focusing on international collaboration, such as partnering with France on space defence matters, to strengthen its capabilities in space security.
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HinduBusinessLine
18h
181
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Grey moves to Ogilvy
- Grey, while remaining a standalone agency brand, moves to Ogilvy, raising concerns among observers about the fate of storied agency brands like J Walter Thompson.
- Apple retains the top position in the Kantar BrandZ Most Valuable Global Brands rankings with a brand value of $1.3 trillion, followed by Google, Microsoft, Amazon, and NVIDIA.
- TCS, an Indian brand, shines at the 45th spot with a brand value of $57.3 billion and a 28% year-on-year growth in the global rankings.
- US brands now constitute 82% of the total value of the global top 100 brands, with Chinese brands making gains but causing a potential shift in the global brand landscape according to the Kantar report.
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TronWeekly
18h
62
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Best Crypto To Buy Now? PEPE, HBAR, RTX and VET Top Investor Watchlists
- Top investor watchlists are focusing on PEPE, HBAR, VET, and Remittix (RTX) for the next potential breakout in the crypto market.
- Remittix (RTX) is gaining attention for its crypto-to-fiat payment system, high growth potential, and staking program offering 4% to 8% annual returns.
- PEPE has shown significant gains but also signs of fatigue with no major developments or partnerships, leading to reliance on social sentiment for growth.
- VeChain (VET) and Hedera Hashgraph (HBAR) show strength in the market, but Remittix is highlighted as the standout choice among the four for its real-world utility and potential.
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HinduBusinessLine
19h
225
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Of Trump, Roosevelt and Thomas Kuhn
- Donald Trump has been President of the US for about four months, implementing policies that have stirred both the world and the US economy with resistance and criticism.
- Trump envisions making America a greater economic power, despite concerns about the already substantial GDP and the limitations of his four-year term compared to President Roosevelt's longer tenure.
- Similar to Roosevelt's New Deal policies in the 1930s, Trump's approach challenges existing orthodoxies, leading to intense opposition that parallels the paradigm shifts described by Thomas Kuhn in science.
- Both Roosevelt and Trump faced backlash for their disruptive ideas, with Roosevelt's revolutionary policies eventually becoming orthodox post-World War II, reflecting the cycle of resistance to new ideas followed by the establishment of a new paradigm.
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TechBullion
19h
14
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What to Look for When Hiring a Web Designer for Your Business
- When hiring a web designer for your business, it is crucial to review their portfolio to understand their creative range, technical capabilities, and attention to detail.
- Look for a web designer who can align your site design with objectives such as targeting the right audience, achieving goals, and reflecting brand positioning.
- Ensure the web designer focuses on not just the visual aspect but also the functionality of the website, including fast loading, security, and compatibility with different devices and browsers.
- Select a designer who communicates clearly, listens to your input, and provides options for ongoing support or easy management of the website in the future.
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TheNewsCrypto
19h
40
Snub Slow-Rising Cardano (ADA) and Ripple (XRP), Rexas Finance (RXS) Will Skyrocket Your Portfolio Higher and Faster
- Investors are reconsidering altcoin portfolios in 2025, as Cardano (ADA) and XRP have been stagnant in the market, with Rexas Finance (RXS) emerging as a disruptor.
- While Cardano and Ripple have loyal communities and innovative tech, they have not seen significant gains, unlike newer projects like Rexas Finance.
- Rexas Finance offers a comprehensive ecosystem integrating real estate tokenization, art ownership, and DeFi, making it a smarter bet for 2025.
- With 92.29% of tokens sold in its final presale, Rexas has raised over $48 million, showcasing strong investor interest and momentum.
- Rexas Finance democratizes asset ownership through fractional ownership and blockchain tokenization, unlike XRP and ADA's limited utilities.
- With a launch price of $0.250, investors can secure a 25% gain by investing at $0.200 during Stage 12 of the presale before the June 19th listing.
- Rexas Finance is at the forefront of DeFi, tokenization, and passive income, poised to outpace older rivals like Ripple and Cardano.
- The platform caters to modern investors by offering inclusive, liquid, and transparent investment opportunities in luxury assets and gold reserves.
- Rexas Finance provides a forward-thinking model for wealth creation, contrasting with the underperformance of ADA and XRP in the crypto market.
- For more information on Rexas Finance, visit their website, participate in the $1 million giveaway, access the whitepaper, and follow their social media channels.
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HinduBusinessLine
19h
151
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Diving down memory lane for branding cues
- Anders Sjöman and Vrunda Pathare are teaching a corporate heritage course at IIM-A, highlighting the importance of using history as a corporate strategic asset.
- The Swedish Centre for Business History is a unique repository of corporate heritage, containing business archives of thousands of Swedish companies, both living and dead.
- Companies like IKEA, Volvo, and H&M have successfully utilized their history to engage with customers and enhance product development.
- Sjöman emphasizes the importance of companies embracing both the good and bad parts of their history, citing German companies' active efforts due to their historical context.
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HinduBusinessLine
19h
166
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To protect NIM, State-owned banks letting go low-yield advances and high-cost bulk deposits
- State Bank of India and Bank of Baroda have observed a decline in their Net Interest Margins (NIMs) in the financial year 2025.
- Despite repo rate cuts, the cost of deposits remains relatively high, affecting NIM.
- Banks have seen an increase in EBLR-linked loans and a decrease in MCLR-linked loans, impacting profitability.
- To protect NIM, banks are shifting focus from low-yield advances and high-cost bulk deposits, opting for retail term deposits and savings mobilization.
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