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News on Medial
Designing Products and Services for Aging Consumers
StartupTalky
·
1y ago
Medial
India's aging population presents a business opportunity as the demand for products and services tailored to older consumers is expected to rise. Recognizing and addressing the social determinants of health among aging consumers is crucial. The key areas of interest for the well-being of aging populations are income security, healthcare accessibility, supportive environments, participation and contribution, aging in place, health and wellness, and caregiving services. Startups can leverage technology to provide solutions that enhance the lives of older adults, promoting autonomy, safety, and social connection. Collaboration between governments, businesses, and civil society is necessary to support aging individuals effectively.
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Silicon Valley's Elite Rewrite the Aging Narrative
StartupTalky
·
1y ago
Medial
Silicon Valley billionaires like Jeff Bezos, Sam Altman, and Peter Thiel are investing significant amounts of money in anti-aging research. Altman has invested $180 million in Retro BioScience, while Bezos has invested $3 billion in Altos Labs. These investments highlight a growing interest in extending human life and challenging the inevitability of aging. The anti-aging market is expected to reach $421.4 billion by 2030, driven by an aging population and increasing awareness of anti-aging products and services. Despite challenges, such as translating animal studies to humans, the future looks promising for age reversal research.
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Centum Electronics shares rise 13% intraday, here's why
Business Today
·
5m ago
Medial
Centum Electronics Ltd. shares rose 13% intraday following a Qualified Institutional Placement (QIP) fundraising initiative. The floor price for the QIP was set at Rs 1,219.65 per share, with a potential 5% discount. The funds aim to support growth and enable the company to provide comprehensive solutions, particularly in defense services. Centum Electronics specializes in designing, manufacturing, and exporting electronic products and providing design services for systems, subsystems, and modules.
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BharatPe to launch new entity BharatPe Money for lending vertical
Entrackr
·
1y ago
Medial
Fintech company BharatPe is launching a new subsidiary called BharatPe Money, focusing on lending services for merchants and consumers. The company has created a new subsidiary called Resilient Digi Services Private Limited for this purpose. BharatPe Money offers customized credit products for MSMEs and consumers, along with additional services such as credit card payments and utility bill payments. The company has also recorded its first profitable month in October, with annualized revenue exceeding Rs 1,500 crore.
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Broadcom to pause sale of Carbon Black unit, Bloomberg reports
Reuters
·
1y ago
Medial
Broadcom Limited is a multinational semiconductor company with offices in Irvine, California. The company is known for its expertise in designing and manufacturing various semiconductor solutions for a wide range of industries. Broadcom's logo represents its strong presence in the technology sector and its commitment to delivering high-quality products and services to its customers. The company's success and reputation have earned it recognition as a leading player in the semiconductor market.
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Consumers willing to pay for premium products: Lenskart’s Peyush Bansal
Economic Times
·
1y ago
Medial
Consumers are willing to pay more for premium products as they seek differentiation and an enhanced lifestyle, according to Lenskart founder Peyush Bansal and BlueStone founder Gaurav Singh Kushwaha. They emphasized that people are willing to invest in brands that embody trust and a compelling proposition, rather than just being influenced by advertising. Kushwaha noted that younger Indian consumers are especially willing to pay higher prices for products or services that stand out. Nykaa founder Falguni Nayar also highlighted the growing importance of the beauty and fashion sectors in driving consumption in India.
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Branding and promotional platform PrintBrix raises funding from EvolveX, angel investors
IndianStartupNews
·
1y ago
Medial
Noida-based branding and promotional platform PrintBrix has secured an undisclosed amount in funding led by EvolveX, an early-stage program founded by We Founder Circle (WFC). Angel investors, including Neeraj Tyagi, Navneet Gupta, Amit Prakash, and others, also participated. PrintBrix plans to use the capital to develop a comprehensive technology platform for end-to-end solutions and expand into multiple cities. Founded in February 2022, PrintBrix streamlines printing, designing, and delivering promotional items, aiming to become a premier online hub for modern businesses' marketing products and services.
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China needs more factory robots. Can it build its own?
Livemint
·
11m ago
Medial
China, known as the world's factory, is increasingly turning to industrial robots as a solution to rising wages and an aging population. China installed over half of all industrial robots globally in 2022. The country's drive for factory automation is driven by its aging population and ambitions to move up the manufacturing value chain. While the factory-automation market has experienced a downturn, there are signs of recovery with increasing orders growth for companies like Fanuc. Chinese companies are also catching up, particularly in collaborative robots, but foreign companies still dominate in higher-end products. A strong presence in China, Americas, and Europe positions Fanuc well for future growth.
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ONDC must address liability issue: Consumers Affairs Secretary
Economic Times
·
1y ago
Medial
Consumer Affairs Secretary Rohit Kumar Singh has urged the Open Network for Digital Commerce (ONDC) to address the issue of liability, particularly in cases where consumers do not receive the correct products. Singh emphasized the importance of resolving this matter for consumers to receive satisfactory services. The ONDC, a government-promoted initiative, aims to assist small retailers in benefiting from digital commerce. Singh highlighted the need for clarity on liability in scenarios involving multiple parties in the supply chain.
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Jeff Bezos-Backed Altos Labs Acquires Dorian Therapeutics, NewLimit Raises $130M for Anti-Aging Therapies | DeepNewz VC
Business Bytes
·
2m ago
Medial
Jeff Bezos-backed Altos Labs has acquired Dorian Therapeutics, a small Peninsula company focused on anti-aging technologies. Altos Labs, which has raised $3 billion in funding, aims to explore solutions for longevity and combat aging processes. In another development, NewLimit, another company within the biotech sphere, successfully secured $130 million to support its initiatives. Both acquisitions and funding illustrate the burgeoning interest and investment in anti-aging research and therapies.
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The mercurial rise of India-focused LLMs
Livemint
·
1y ago
Medial
Bhavish Aggarwal, CEO of Ola, has unveiled Krutrim, a new company focused on artificial intelligence (AI) technologies. Krutrim has released a large generative AI model trained on Indian languages and also revealed plans for cooling technologies for data centers and designing homegrown silicon chips. The aim is to bridge the digital language divide and enable AI models to understand and generate content in Indian languages. Aggarwal's AI ambitions extend beyond the auto sector and align with Ola group's diverse businesses. Ola Electric is also preparing for an IPO, and Krutrim's products and services may be cross-sold to enhance the offerings of Ola group companies.
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