AI TRIALS BENGALURU
Concierge services take off in India
The concierge services industry in India is witnessing significant growth, catering to diverse needs ranging from luxury purchases to everyday assistance. Companies like Indulge Global, RedBeryl, and Pinch are expanding their services to meet the demands of a wider customer base, including high net worth individuals (HNIs). These services cover a broad spectrum, from organizing exclusive events and securing rare items like Birkin bags to providing emergency assistance such as air ambulances or arranging safe returns after a night out.
TCS Q1 results; Pine Labs, Swiggy valuations slashed
Indian IT bellwether TCS kicked off the tech earnings season with a 9% YoY growth in net profit for the June quarter. This and more on today's ETtech Top 5.
A new weapon against online payment frauds: Timely alerts on transactions via UPI, debit card, credit card, Net and mobile banking
Fraud transactions: Banks like Standard Chartered Bank, HDFC Bank, ICICI Bank, and others have implemented a fraud protection measure wherein the bank will call you for transaction confirmation if it feels that these transactions are fraudulent. However if you give the confirmation, the transaction will go through. Know here how it works.
Revenue automation startup MeetRecord raises $2.7 million funding from SWC Global, others
MeetRecord, based in Bengaluru, offers AI-powered analysis of conversation data from emails and calls to improve sales conversions. Prior to this pre-series A funding round, the company had raised $310,000 in 2021 from All In Capital and Powerhouse Ventures.
Ozempic: Bengaluru is the secret ingredient behind the wonder weight loss drugs' success
Novo Nordisk's India team played a pivotal role in the success of Ozempic, a semaglutide-based drug for diabetes and weight management. The Bengaluru-based Global Business Services unit collaborated on clinical trials and biostatistics. Despite global demand, Ozempic's availability in India remains uncertain due to supply challenges, with significant hiring planned to bolster Novo Nordisk's workforce in India.
Let AI plan your trip!
Bags packed and nowhere to go? Let AI lead the way. Travellers are increasingly using smart technology to plan their perfect holiday!
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Binny Bansal raises bets on investments; 9% avg salary hike for IT industry
Happy Monday! Flipkart cofounder Binny Bansal is doubling down on his investments in new ventures, including his own startup OppDoor. This and more in today’s ETtech Morning Dispatch.
Union ayush and health ministers to announce multi-centre clinical trial on anaemia
The Central Council for Research in Ayurvedic Sciences (CCRAS) and the Indian Council of Medical Research (ICMR) have launched a clinical trial to study the efficacy and safety of Punarnavadi Mandura, a polyherbal formulation rich in iron, in treating anemia among non-pregnant women of reproductive age. The trial will be conducted at eight sites, including MGIMS-Wardha, AIIMS-Jodhpur, NITM-Bengaluru, RIMS-Ranchi, KEM Hospital Research Centre, AIIMS-New Delhi, AIIMS-Bhopal, and AIIMS-Bibinagar.
Drug discovery startup Peptris raises $1 million funding from Speciale Invest, others
Using advanced AI, Peptris sifts through large data sets to identify and develop potential drug candidates quickly and cost-effectively, reducing lab testing time, the company said.
Bhavish Aggarwal's Krutrim AI plans; Elevation Capital report on startup outlook
Ola founder Bhavish Aggarwal on Friday unveiled the large language model (LLM) Krutrim, which he described as ‘India’s own AI’. This and more in today’s ETtech Top 5.
Inside Juspay’s new biz plans; revised incentive scheme for chip ancillaries soon
Fintech startup Juspay is building a full-stack payment gateway that can offer card, wallet and UPI-based transactions. This and more in today’s ETtech Morning Dispatch.
Omidyar Network to exit India; Angel funds may soon get to invest more in startups
Impact investment fund Omidyar Network India is exiting the country and will transition out of the local market by 2024. This and more in today’s ETtech Top 5.
ED flags failure to submit papers, delays by Byju’s; HCL eyes Karnataka for chip facility
Byju’s founder and chief executive Byju Raveendran could be in trouble after the Enforcement Directorate (ED) said he appears to be “guilty” of alleged forex violations amounting to Rs 9,362 crore by the embattled edtech’s parent.
Urination on woman on AI flight: Delhi HC seeks airline's stand on plea by accused
In March, the high court had directed aviation regulator DGCA to form the appellate committee under the Civil Aviation Requirements for Unruly Passengers to hear Mishra's appeal against the 4-month flying ban slapped on him after the alleged incident.
Noida airport may debut with 62 domestic, 2 international flights from Oct next year. IndiGo, AI show interest
The Noida Airport is set to begin operations next year. The airport will also have one daily flight dedicated to cargo services. The airport's initial phase is scheduled to be commissioned in October 2024. Indigo and Air India have shown interest in establishing bases at the airport, and discussions are underway for flights to Dubai and Singapore.
'Verified human': Worldcoin users queue up for iris scans
Founded by Sam Altman, the CEO of ChatGPT developer OpenAI, the Worldcoin project says it aims to create a new "identity and financial network" and that its digital ID will allow users to, among other things, prove online that they are human, not a bot.
Accenture in talks with telcos, enterprises for 5G-driven digital enablement
Accenture is in talks with telecom service providers for 5G-driven digital transformation of enterprises, treating the technology as a digital enabler for long-term partnerships. Saurabh Kumar Sahu, managing director and lead, communications, media and technology, Accenture India, said the firm is working with several telcos for next-generation tech.
A chatbot that won't take bribes for giving advice is a hit in India
The AI trials in Bengaluru were led by Saurabh Karn and his team at the nonprofit OpenNyAI. By feeding a collection of millions of parallel sentences spoken in different Indian languages into machine translation software, and adding thousands of hours of dialogue for speech recognition, the bot, named Jugalbandi, offers text-to-speech multi-language translation on the fly.
Now, P2P lending players under RBI lens; BigBasket, Town Essentials tussle is back
The emerging peer-to-peer (P2P) lending industry is the latest to attract the attention of the Reserve Bank of India (RBI).
Scoop: PharmEasy valuation halved to $2.8 billion, logs ebitda profitability; Paytm’s loan biz decoded
Online pharmacy PharmEasy recorded a positive ebitda of around Rs 14 crore, which means it is operationally profitable, even as one of its investors marked its valuation down to $2.8 billion. This and more in today’s ETtech Morning Dispatch.
Growing demand for content driving AI-backed dubbing startups
Dubbing got a new lease of life, powered by continually improving technology which helped surmount both the linguistic barriers and the limited appeal of subtitles.
How 3 Bengalureans helped Supreme Court script history with their Artificial Intelligence -based tool
The Supreme Court scripted history this week by deploying an Artificial Intelligence (AI)-based tool to start live transcription of proceedings. The move, which is said to modernise the legal landscape using technology, has a Bengaluru connection.
Boeing to invest $200 million to strengthen India's R&D team
The major reason behind the investment is that India has been central to a number of the company’s products, reported TOI. Currently, the Boeing India Engineering & Technology Centre (BIETC) currently has some 4,000 employees, of which over 3,000 are engineers. The company plans to increase the strength by 25%.
Airtel tests India's first private 5G network at Bengaluru Bosch facility
The telco has implemented two industrial grade use cases for quality improvement and operational efficiency at Bosch’s manufacturing facility, utilising the trial spectrum. In both the cases 5G technology such as mobile broadband and low latency communications drove automated operations ensuring faster scale up and reduced downtimes.
Bengaluru airport introduces robots for enhanced passenger experience
BLR Airport has partnered with Artiligent Solutions Pvt. Ltd. -- specialists in AI and Robotics -- to model the robots along with creating a customised passenger services software. The default language of communication will be English, with additional regional and international languages in the offing, the airport said.
Prada picks Bengaluru-based BigThinx for its fashion tech accelerator programme
BigThinx’s neural networks create a personalised 3D virtual avatar from 2D images for fashion brands and their customers.
Catch me if you can: For ecommerce fraudsters it may be the end of the game
Online fraud is growing with the increasing footprint of ecommerce. But, the founders of ThirdWatch believe that the two need not go hand in hand.
Kick-starting interactive game content with artificial intelligence
An individual who lacks coding abilities simply has to give Norah AI a text-based input such as, ‘Create a tall, broad, man with curly hair’ and the character is generated.
Bengaluru-based startup AIndra to tackle low screening rates of cervical cancer
The AIndra device banks on the pap smear test, a method of cervical screening to detect potentially cancerous cells.
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