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Yourstory
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Reliance Infra’s Rs.10,000 Crore Boost to India’s Defense Hub
- Reliance Infrastructure will invest ₹10,000 crore in Maharashtra's Ratnagiri district to establish the largest integrated defense manufacturing facility in India.
- The project, named the Dhirubhai Ambani Defence City (DADC), aims to boost India's defense manufacturing sector and promote indigenous production.
- The facility will manufacture explosives, ammunition, and small arms, and will focus on both domestic and export markets.
- The project is expected to create thousands of direct and indirect jobs, fueling economic growth in Maharashtra and contributing to India's defense capabilities.
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VIE Stories
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How Can Online Money-Making Games Ensure Secure Transactions
- Online money-making games implement various measures to ensure secure transactions.
- Key security challenges include fraud, cheating, data breaches, and regulatory compliance.
- Strategies for secure transactions include encryption technologies, multi-factor authentication, secure payment gateways, blockchain technology, user education and awareness, and anti-fraud systems.
- Encryption, MFA, secure payment gateways, and blockchain technology are used to protect user's data and financial transactions, while user education and anti-fraud systems help in preventing fraudulent activities.
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Eu-Startups
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360 Capital raises €30 million for first close of new early-stage digital transition fund
- Italian-French VC, 360 Capital, has announced the first closing of its new fund, 360 Digitaly, with €30 million.
- The fund aims to support seed and early-stage investments in startups involved in the digital transition.
- CDP Venture Capital has subscribed €30 million to the fund on behalf of the Digital Transition Fund - PNRR.
- The fund has already made five investments, including Guidoio, Jampy, Zefi AI, Talentware, and Soource.
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Inc42
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Blinkit Rolls Out EMI Option For INR 3K+ Purchases
- Blinkit has introduced an EMI payment option for transactions over INR 2,999.
- The feature is applicable to all orders except those with gold and silver coins.
- Blinkit has also launched a 'Blinkit Seller Hub' and introduced a return option for select cities.
- The company plans to expand its dark store network and is a key growth driver for Zomato.
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Inc42
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Disney Hotstar Head Sajith Sivanandan Resigns
- Sajith Sivanandan, head of Disney’s Hotstar in India, has resigned.
- His departure follows the integration of Disney+ Hotstar with Reliance’s media assets after an $8.5 Bn merger.
- The merger will create India’s largest entertainment company, controlling over 120 television channels and two streaming platforms.
- Sivanandan, who previously held leadership positions at Google, joined Disney+ Hotstar as CEO in October 2022.
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Eu-Startups
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Rome-based Cyber Guru bags €23 million Series B to expand its cybersecurity training platform
- Cyber Guru, a cybersecurity awareness training platform, has raised €23 million in Series B funding.
- Riverside Acceleration Capital led the round with participation from Educapital, Adara Ventures, and P101 Ventures.
- Founded in 2017, Cyber Guru delivers a comprehensive security awareness training platform to over 700 customers.
- The funding will be used to accelerate AI-driven training, expand operations, and sustain customer growth.
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Yourstory
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Reliance partners with NVIDIA to build AI infrastructure in India
- US-based chipmaker NVIDIA is partnering with Reliance Industries to build Artificial Intelligence (AI) infrastructure in India.
- NVIDIA CEO Jensen Huang announced the partnership at the NVIDIA AI Summit 2024 in Mumbai.
- The collaboration aims to create AI infrastructure in India and leverage the country's large population of users.
- Reliance Chairman Mukesh Ambani highlighted the need for building a robust AI infrastructure and outlined plans for a big scale-up at Jamnagar, Gujarat.
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TechUniverses
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When to Know it’s the Right Time for a Car Upgrade
- Cars have become a necessity nowadays and people usually add vehicles as a significant part in their financial plans.
- Key factors to consider when deciding to upgrade a car include a shift in lifestyle, low performance and efficiency, environmental concerns, and depreciating resale value.
- A shift in lifestyle may require a bigger car or a more compact car based on parking availability and number of occupants.
- Low performance and efficiency, coupled with expensive repairs, can be a sign that it's time to upgrade for safety and reliability reasons.
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Yourstory
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Binkit introduces EMIs for orders above Rs 2,999, taking on Amazon and Flipkart
- Blinkit users can now opt for EMIs on orders over Rs 2,999.
- The platform has partnered with credit card issuers including HDFC Bank, RBL Bank, and Axis Bank.
- Blinkit has expanded its product portfolio to include mobile phones and consumer electronics.
- Blinkit introduced its Sellers Hub platform, enabling brands to sell their products directly.
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TechRound
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Startups And Tech For Fishing
- Fishing is a popular sport in the UK and Europe, with over 2 million active participants each year.
- Technology has revolutionized fishing, with tools like fish finders and smart fishing rods improving the fishing experience.
- Startups in the fishing industry have developed apps and devices to enhance fishing trips, such as FishAngler, XFishFinder, Anglr, My Fishing Advisor, Fishbrain, and Lake Monster.
- Fishing contributes significantly to the UK economy and promotes eco-friendly fish conservation practices.
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Eu-Startups
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Norwegian startup Starflow raises €1.7 million to optimise energy flow for homes
- Stavanger-based Starflow has raised €1.7 million in pre-seed financing.
- The funding will support the development of Starflow's Energy Hub, a hardware platform designed to optimize energy flow in homes.
- The Energy Hub integrates solar panels, EV chargers, batteries, and home energy systems, providing homeowners with greater control over their energy consumption.
- The funding will be used to build a team focused on developing the Energy Hub, with plans for the first product launch in 2026.
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Yourstory
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Master the art of letting go: Detach from these 10 things
- Letting go is about surrendering the attachments that hinder personal growth and peace of mind.
- Detach from the need for control and embrace uncertainty.
- Release toxic relationships and surround yourself with supportive people.
- Simplify your life and reduce attachment to material possessions.
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ISN
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ENT-certified premium open-ear headphone brand NG Earsafe raises Rs 1.06 crore
- NG Earsafe, an ENT-certified premium open-ear headphone brand, has raised Rs 1.06 crore in a Seed funding round led by Inflection Point Ventures.
- The funds will be used to enhance brand awareness, expand the brand's reach, and drive new product development.
- NG Earsafe offers safe listening solutions through Air Conduction and Bone Conduction Technology, transmitting sound via vibrations and bypassing the eardrum for a safer listening experience.
- The global headphones market is valued at $71 billion, with India contributing a Rs 7,000 crore market. The open-ear headphone segment is projected to reach a market size of Rs 2,500 crore, indicating significant growth potential.
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VIE Stories
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Infosys Expands Strategic Partnership with Meta
- Infosys expands strategic partnership with Meta.
- Enhanced partnership aimed at advancing generative AI innovation through open-source projects.
- Infosys establishes Meta center of excellence (COE) to drive adoption of Meta's Llama stack.
- COE to focus on accelerating enterprise AI integration and contributing to open-source communities.
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Inc42
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NVIDIA Has Partnered With 2K+ Indian Startups Till Date: CEO
- US-based chipmaker NVIDIA has partnered with more than 2,000 Indian startups since its inception.
- NVIDIA has collaborated with Flipkart, Zoho, Krutrim, Sarvam AI, Tata Communications, Reliance Industries, Yotta Data Services, SigTuple, and CureFit.
- India is a key growth market for NVIDIA, with a high demand for AI technology.
- India accounts for 21% of global AI app downloads and has more than 100 GenAI startups.
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