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News on Medial
Govt set to launch digital platform for power sector soon
Economic Times
·
1m ago
Medial
The Indian government plans to launch a digital platform for the power sector to improve coordination, data sharing, and innovation. A 17-member task force will lead this initiative, addressing challenges like fragmented systems and promoting India’s $5 trillion economy and net-zero targets. The platform will support renewable energy growth, the rise of electric vehicles, and consumer participation in energy markets by providing seamless digital integration across the sector.
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Inalife's digital legacy platform lets your preserve your family's memories
TechCrunch
·
1y ago
Medial
Inalife, a Hong Kong-based startup, has launched a digital legacy platform that helps families preserve memories, create interactive family trees, and record messages for the future. Users can sign up for free, with options to upgrade for additional storage. The platform encourages family members to connect, share memories, and send time-delayed messages. Inalife's mobile apps for iOS and Android are set to launch soon. Founder Nicholas Worley was inspired to create Inalife after losing family members and realizing he wished he knew more about their histories.
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IEA throws weight behind India’s digital energy stack - The Economic Times
Economic Times
·
1m ago
Medial
The International Energy Agency (IEA) supports India's Digital Energy Stack initiative, aligning it with its global Digital Energy Grid vision. This initiative, backed by a high-level task force, aims to enhance power sector interoperability, transparency, and cost-efficiency through digital infrastructure. Drawing on India's successful Unified Payments Interface (UPI), it seeks to address challenges in the energy sector and foster digital integration for improved energy access, transparency, and efficiency in India’s power sector.
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Govt readying plan to ensure AI, data centres get enough power
YourStory
·
7m ago
Medial
India's government aims to strengthen the country's digital ecosystem by focusing on data centres and AI compute facilities. The Ministry of Electronics and Information Technology (MeitY) is looking to make the infrastructure more resilient and ensure sufficient power supply for data centres and AI applications. India's data centre operational capacity is projected to reach 2000-2100 MW by 2027, according to ICRA. The ministry is also exploring the possibility of incentivizing green power for these facilities. Globally, tech giants like Google, Microsoft, and Amazon are securing contracts for nuclear power supply to meet the growing power demands of data centres.
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Aditya Birla Capital looks to step up its digital & payments play via digital arm
Inc42
·
1y ago
Medial
Aditya Birla Capital is planning to enhance its digital distribution strategy through its subsidiary, Aditya Birla Capital Digital Ltd (ABCDL). With a focus on acquiring new customers, ABCDL aims to launch an app that will directly source customers for their financial services. The subsidiary has received INR 50 Cr from its parent company and aims to create an omnichannel platform for digital acquisition and cross-selling. ABCDL has also expanded its services to include payments, with plans to launch its payments handle in partnership with private sector banks.
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Elon Musk says X's long-form videos will soon be available on smart TVs
Economic Times
·
1y ago
Medial
Billionaire Elon Musk announced that long-form videos will soon be available on smart televisions through his social network platform, X. The platform is set to launch a TV app for Amazon and Samsung users, offering features such as video and audio calling. Musk aims to compete with YouTube by providing a video-first platform. X has been partnering with influential personalities such as Tucker Carlson and Don Lemon to boost its advertiser retention. The move comes as X tries to regain credibility after facing controversies since Musk acquired it in 2022.
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Amazon India Mulling Launch Of Separate Platform For Amazon Pay
Inc42
·
11m ago
Medial
Amazon Pay, the digital payments service offered by e-commerce giant Amazon, may soon launch a standalone app in India. The company is reportedly considering this move to boost its presence in the Indian digital payments market.
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Google to debut credit in India, announces a slew of AI-powered launches
Economic Times
·
1y ago
Medial
Google is set to launch a new service called 'Google Pay for Business' in India, allowing merchants to accept digital payments. The company also announced the debut of 'Google Pay Later', a digital credit platform that will provide users with convenient payment options. Additionally, Google introduced several AI-powered features, including Smart Scan, Spots, and Read Out Loud, further enhancing user experience.
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Govt nudging firms towards EV charging interoperability
Economic Times
·
1y ago
Medial
Government officials in India's Ministry of Power have been engaging with firms in the electric vehicle (EV) sector to promote interoperability between battery charging standards. While there are currently no regulations or policies in place for fast-charging facilities, making power and land usage rules more favourable and providing specific subsidies for fast-charging infrastructure could encourage their adoption. The government is hesitant to mandate a specific protocol, instead opting for a consultative approach with hopes that private players will drive interoperability. Standardisation is a challenge that requires coordination across multiple aspects, including hardware, software, and payment systems.
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Elon Musk's X gears up to launch long-form videos on smart TVs
Livemint
·
1y ago
Medial
Elon Musk has revealed that long-form videos will soon be available on smart TVs through his social network X. This comes after reports that X is set to launch a TV app for Amazon and Samsung users. Musk confirmed the news on Twitter, hinting at his ambition to compete with popular video-sharing platform YouTube. X has also introduced a new feature called "Articles," allowing users to share comprehensive content on the platform, including text, images, videos, and links. The platform aims to establish itself as a "video-first platform" and has been forming partnerships with prominent figures in the media industry.
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Govt Mulls Action On Quick Commerce Platforms Not Displaying Expiry Dates
Inc42
·
9m ago
Medial
- Central Consumer Protection Authority investigating product quality issues - Complaints received through National Consumer Helpline under review - Action expected to be taken soon - Legal Metrology rules require digital platforms to mention "best before or use by" dates - Ministry of Consumer Affairs overseeing the process
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