DRONE DELIVERY EXPANSION
Indian financial services sector is experiencing a significant upswing: Inventure Growth & Securities’ Kanji B Rita
India's financial services sector is poised for sustained growth. By leveraging the demographic advantage, embracing technological advancements, and prioritizing financial inclusion, a robust and inclusive financial ecosystem can be built, says Inventure Growth’s Kanji B Rita.
IKEA gears up for Delhi-NCR launch with strengthened supply chains, better demand forecasting
With an eye on its launch in the Delhi NCR market early next year, the Swedish furniture retailer is looking to corner a bigger chunk of India’s market pie.
Drone logistics solution provider Skye Air secures $4 million funding
Ankit Kumar, founder and CEO of Skye Air said this fresh funding will help the company to expand its last-mile network across Gurugram and other cities for various service like healthcare, ecommerce. Kumar added he is hopeful that his company will be able to contribute to India's drone sector growth and make India a global drone hub by 2030.
Online eats into offline; Agnikul defers rocket launch
The rapid adoption of quick commerce and food delivery apps is eating into the sales of retail, and quick service restaurants. This and more in today’s ETtech Top 5.
Chinese general takes a harsh line on Taiwan and other disputes at an international naval gathering
The 19th biennial meeting of the Western Pacific Naval Symposium opened in Qingdao, where China's northern naval force is based, providing a vivid backdrop to China's massive military expansion over the past two decades that has seen it build or refurbish three aircraft carriers.
Brent crude breaks above $89 for first time since October on fresh supply threats
Brent futures for June delivery were up $1.15, or 1.3%, at $88.57 a barrel by 1333 GMT after touching a peak of $89.08. U.S. West Texas Intermediate (WTI) crude futures for May rose $1.34, or about 1.6%, to $85.05 after touching a peak of $85.46, also the highest since October.
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Oil prices down on Gaza ceasefire talks, flat on the week
Brent futures for May delivery settled at $85.43, losing 35 cents. U.S. crude settled at $80.63 a barrel, falling 44 cents. Both benchmarks logged less a than 1% change on the week.
Walmart experiments with AI to enhance customers' shopping experiences
In a Tuesday keynote at trade show CES in Las Vegas, the nation's largest retailer announced that it would be expanding its drone delivery to 1.8 million additional households in the Dallas-Fort Worth metropolitan area later this year.
Transforming the last mile: New delivery models, technology strengthen logistics in India
The year 2023 witnessed a quantum leap in the speed and customer experience realm, as same day and next day delivery models took centre stage, especially for Direct-to-Consumer (D2C) commerce companies.
Shaping 2024: Revolutionising healthcare with critical medicine delivery in India's remote areas
Expanding delivery networks and incorporating advanced technologies like AI for predictive analytics in medicine, along with enhanced government support, are set to redefine the healthcare landscape in India in the coming years.
Amazon to expand drone delivery into Britain and Italy
Amazon plans to expand its drone delivery service to the UK and Italy by late next year. The e-commerce giant also unveiled new warehouse robots and technology aimed at improving efficiency and speed. The new MK30 model of delivery drones will be able to operate in more extreme weather conditions. Additionally, Amazon has installed a new robotics system called Sequoia in one of its Texas logistics centers, which can identify and put away stock in warehouses up to 75% faster.
Indian Navy has a Rs 2 lakh crore plan to counter Chinese dragon in Indian Ocean
The Indian Navy has placed orders for 68 warships and vessels worth approximately Rs 2 lakh crore in its effort to strengthen its blue-water force and counter China's increasing presence in the Indian Ocean Region. The orders include next-generation corvettes, submarines, survey vessels, and multi-purpose vessels. The Navy aims to achieve a force level of 155-160 warships by 2030, with a long-term goal of 175-200 warships by 2035.
China's military, 'chasing the dream,' probes Taiwan's defences
Chinese naval ships and air force planes have been edging closer to Taiwan's territorial seas and skies, probing the island's vigilance and trying to wear down its military planes and ships. Chinese forces have also been operating more frequently in skies and waters off the island's eastern coast, facing the West Pacific. China's increasing presence there signals its intent to dominate an expanse of sea that could be vital for the island's defenses, including for securing potential aid from the United States in a conflict, experts say.
Ideaforge's CEO Ankit Mehta on IPO, sustaining margins and future growth plans
Ideaforge, a drone startup, has received a strong response from investors during its initial public offering (IPO). The company's CEO, Ankit Mehta, discusses the journey from starting up in college to going public and outlines future growth plans. He mentions that sizable export orders are expected in the next financial year. Ideaforge aims to maintain its market share and counter competition by focusing on technology and innovation, leveraging its existing patents. The company also plans to expand into new geographies and invest in research and development to develop new drone categories.
DroneAcharya Aerial Innovations FY23 Results: PAT skyrockets over 700% YoY in first earnings since listing
The company's earnings were led by increased scale during H2 of the year. DroneAcharya offers multi-sensor drone surveys, data processing, and drone delivery hardware among others. The company completed over 325 DGCA drone pilot training programs last year, as well as offering over 600 other training-related courses.
North Korea claims ''radioactive tsunami'' weapon test at sea
Pyongyang's official Korean Central News Agency said the new weapon, which can be deployed from the coast or towed by surface ships, is built to "stealthily infiltrate into operational waters and make a super-scale radioactive tsunami through an underwater explosion" to destroy enemy naval strike groups and ports.
US and Iran clash over Russia using Iran drones in Ukraine
At a contentious Security Council meeting Monday on the resolution endorsing the 2015 nuclear deal between Iran and six major powers, the United States and Iran also accused each other of responsibility for stalled negotiations on the Biden administration rejoining the agreement that former President Donald Trump pulled out of in 2018.
As Cloudera plans India market expansion, CPO Sudhir Menon signals growing adoption of hybrid data solutions by Indian companies
As cloud solutions are dominating the data management landscape, Cloudera plans to expand their market in India.
Walmart to expand drone-delivery service to six U.S states
The retail giant Walmart announced today that it is expanding its drone delivery services to a potential 4 million households across six states in its partnership with drone startup DroneUp. 4 million households will be able to get items like batteries and Hamburger Helper from the big-box retailer.
Swiggy to pilot drone-based deliveries for its grocery service Instamart
Swiggy has selected – Garuda Aerospace, Skyeair Mobility, the consortia between ANRA Technologies and TechEagle, as well as Marut Dronetech– for the pilots.
European drone developer FIXAR ties up with Paras Aerospace to enter Indian market
These drones have applications in areas such as real-time video surveillance, laser scanning and aerial photography for various sectors including government, agriculture, security, surveying, among others.
India’s new drone rules distilled
The Drone Rules, 2021, as they will be known, replace the Unmanned Aircraft System Rules, 2021, which only came into effect in March. We’ve distilled the 15-page document into a five-minute read.
Walmart to test drone delivery of grocery, household items in battle with Amazon
The company has accelerated the expansion of its pick-up and delivery services in the face of the COVID-19 pandemic, as virus-wary consumers increasingly prefer having items delivered at their doorsteps.
View: Remote Identification is essential technology for safe integration of drones into airspace
It is high time that we take a cue from global developments and look at ways to build our own Remote ID system. To this end, the government may like to work with the industry to develop the technical requirements for Remote Identification modeled on ASTM standards
Drone delivery: A look at the current regulations across globe
Should drones be allowed for deliveries? That’s the question being asked by governments around the world even as many cos are engaged in field tests.
DHL to invest $16.3 million and introduce drones in India
DHL is planning to invest about $16.3 million in all its business segments in India and introduce new technologies, including drones, for deliveries and managing logistics, a senior company executive said.
Larry Page explains why he chose the name 'Alphabet' for his new big company
But why did he choose the name Alphabet for what is supposed to be the parent company overseeing the entire operations of Google?
10 offbeat startups that are trying to make it big in India
They’ve breathed life into offbeat ideas and claim their ventures are unique and face little competition. But that’s still no guarantee of success.
Amazon and Flipkart's expansion plans means more choice for Indian consumers
Success of the platform depends on the number of users on each side and the usage across them, often referred to as "cross-side network effect".
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