IT HUBS
Ukraine navy chief says Russia is losing Crimean hub in Black Sea
The Ukrainian navy chief reported significant setbacks for the Russian navy's Black Sea Fleet, as combat-ready warships have been relocated from Crimea due to extensive damage inflicted by Ukrainian missile strikes and naval drone attacks. The Sevastopol base, crucial for logistics, repairs, and ammunition storage, has been particularly affected. Despite ongoing military challenges elsewhere, Ukraine has successfully targeted Russian vessels and facilities, including using unmanned boats packed with explosives.
India must lead AI revolution, not just participate, says G20 Sherpa Amitabh Kant
Amitabh Kant emphasizes India's potential to lead the AI revolution globally, highlighting the country's active engagement in AI projects. He stresses the importance of AI integration in various sectors like healthcare and logistics to drive innovation and competitiveness.
Bright future for air cargo sector; need to ensure faster turnaround time: Official
The Indian government is working on improving processes and ensuring faster turnaround time in the air cargo sector to tap its potential. The government is also developing logistics hubs to improve the ease of doing business. The air cargo sector accounts for nearly 10% of domestic carriers' revenues and is estimated to grow to USD 16.37 billion by 2027.
Vizhinjam seaport gets its location code
The Vizhinjam International Seaport in Kerala has achieved a significant milestone by receiving its location code, IN NYY 1, from the Indian government on June 21, 2024. Managed by Vizhinjam International Seaport Limited (VISL), this development was highlighted by Kerala's Ports Minister V N Vasavan in the state Assembly. The port's new code marks its readiness to operate as a major transshipment hub, enhancing logistical capabilities and fostering increased trade and economic activity in the region.
Fintechs' secure credit play; New Jersey turns IT hub
Happy Monday! Fintech companies like Cred, PhonePe and Paytm are seeking partnerships with NBFCs to enter the secured credit market. This and more in today’s ETtech Morning Dispatch.
HubSpot investigating customer account hacks
HubSpot is actively investigating a cybersecurity incident targeting customers. Less than 50 accounts were compromised, and measures are in place to protect customer data. TechCrunch first reported the news. The company specializes in providing marketing software for small and medium-sized businesses, with a focus on customer relationship management.
GIFT City-like hub for Karnataka, state IT minister Priyank Kharge tells FM
Karnataka IT-BT minister Priyank Kharge told finance minister Nirmala Sitharaman that such a central business district in Karnataka will foster economic growth and create jobs, and also attract foreign investment.
Zomato launches platform to offer hiring, regulatory services to restaurants
Zomato's move comes a week after rival Swiggy launched a new feature on its partner app to connect restaurants with staffing experts as part of a new recruitment support initiative.
More Taiwanese ICT suppliers may relocate to India in near future, says official
Anticipating the Taiwan Expo 2024, Chend envisions a robust platform for showcasing products and fostering business opportunities to enhance Taiwan-India trade relations, reflecting the significant growth in economic cooperation between the two nations.
Infosys working on 225 GenAI programs for clients; enterprise AI will take years to unfold: Nilekani
At Infosys' 43rd annual general meeting, cofounder and chairman Nandan Nilekani talked of the nascent stage of the Generative AI revolution. He also said consumer AI will see rapid adoption but enterprise AI will take several years to mature and have a widespread impact.
US trade body approves funding to develop integrated aviation hub in Hissar
The US Trade and Development Agency supports the establishment of an integrated aviation hub at Hisar Airport in Haryana, aiming to strengthen India's supply chain network through enhanced cargo and logistics infrastructure. The agency's collaboration with the Haryana Airports Development Corporation reflects a shared commitment to advancing aviation capabilities in the region.
India’s new finance hub in Gujarat eyes real-time dollar settlement by 2025
Real-time dollar settlement in India’s newest financial hub in Gujarat, GIFT City, is set to begin later this year. The service aims to attract foreign investors by streamlining transactions and reducing delays.
Bengaluru emerges as a hub for machine learning engineers
Vacancies for machine learning (ML) engineers more than doubled in Bengaluru, underscoring the city's status as a hub for advanced technology roles. HR generalists surged by 53%, and operations managers by 45%.
DGCA revamps seaplane regulations to boost sustainable operations
Under the new regulations, pilots holding a Commercial Pilot License can now qualify as seaplane-rated pilots by completing training at any International Civil Aviation Organization (ICAO)-recognized training organization globally. This change not only eases the pathway for pilots to acquire necessary qualifications but also broadens the pool of eligible pilots, experts say.
India can be a hub for making submarines in the APAC region, says Thyssenkrupp exec
TKMS has partnered with Mazagon Dock Shipbuilders Ltd (MDL) and the two have jointly bid for the Indian Navy's Project-75I to build six advanced submarines, which are estimated to cost over Rs 45,000 crore. These submarines are to be made while opting for significant domestic value addition. "This Indian project has the same pattern as we have for South America. India could be the hub for our technology to produce them for some other countries in the Asia Pacific," he said.
India should become education hub again: PM Modi
PM Modi inaugurates Nalanda University campus in Rajgir, Bihar, emphasizing India's potential to become a global education hub with advanced research facilities and inclusive values.
Bluestone’s new investors; states & semicon hubs
Happy Tuesday! New investors are finalising Bluestone’s pre-IPO funding round. This and more in today’s ETtech Morning Dispatch.
How state governments are chipping in with housing support at new semiconductor hubs
State governments in Assam, Gujarat, and Tamil Nadu are supporting upcoming electronics and semiconductor manufacturing hubs by providing infrastructure, including housing for workers. The Tata Group is building mega-housing projects, hostels, and dormitories with subsidised land from Assam and Gujarat governments. In Tamil Nadu, the government is assisting the housing project at the Hosur plant where Tata Electronics assembles iPhone enclosures.
Assassin's Creed Animus Hub: See what is it and know about release date and platforms
Ubisoft has rebranded its Assassin's Creed Infinity project as Animus hub, a hub platform that will allow players to launch and play games from the AC catalog. The project is expected to be available on PC and current-gen consoles, with no official release date announced yet.
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