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News on Medial
Mint Primer: Why India needs to make inroads into deep tech
Livemint
·
7m ago
Medial
Deep tech, which encompasses groundbreaking innovations in science and engineering, is gaining momentum globally. In India, while the startup ecosystem has traditionally focused on consumer and internet ventures, a shift is occurring towards deep tech startups. These startups are attracting more capital, with areas such as space tech, biotech, and climate tech witnessing rapid growth. Despite this, India still faces challenges in building a supportive ecosystem, ensuring faster time to market, and closing the funding gap with other countries. Collaboration between academia, government, investors, and companies is crucial for success in the deep tech sector.
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Tata, Adani have funds for deep tech R&D in India: Bikhchandani
Inshorts
·
3m ago
Medial
Info Edge Founder Sanjeev Bikhchandani said deep tech development in India needs huge investment and years of patience. He suggested tapping into India's biggest companies, like Reliance Industries, Tata Group and Adani Group, to invest in deep tech startups' R&D. "These are points to be pondered. It can't just be…responsibility of startup world to build deep tech," he said.
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Why Elon Musk prioritized China over India
Livemint
·
1y ago
Medial
Elon Musk's visit to China has sparked discussions in India after he canceled his planned trip to India and a meeting with Prime Minister Narendra Modi. Tesla has been facing challenges with its revenues and demand for electric vehicles. Musk's visit to China had a positive impact on Tesla's stock price following Beijing's approval for the rollout of its self-driving cars. China is a key market for Tesla, accounting for 40% of its sales last year. However, the Chinese market is competitive, with price wars and strong domestic rivals. India is also seen as a potential market for Tesla's global ambitions, given the growing demand for electric vehicles. The company may need to consider launching cheaper models to make inroads into the Indian market.
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Mint Primer: Why pay hikes in 2025 could be disappointing
Livemint
·
5m ago
Medial
In 2025, salary hikes in corporate India are expected to be lower, with firms like Aon predicting a decrease from last year's 9.3%. Economic slowdown and lower corporate earnings contribute to tighter budgets, impacting raises. Employees with advanced skills in AI, cybersecurity, and data analytics might receive better hikes. Companies are focusing on retaining top talent with benefits like stock options and professional development opportunities rather than significant pay increases. Attrition rates are expected to remain stable.
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Govt's ₹1-trillion deep tech fund: why we need it, and is it enough?
Livemint
·
1y ago
Medial
The Indian government announced a ₹1 trillion-corpus to fund deep-tech ventures in the interim union budget for FY25. This is significant for the nascent deep-tech sectors in India, which heavily rely on engineering, research, development, and innovation. The fund aims to support sectors like semiconductors, artificial intelligence, quantum computing, and high-tech manufacturing. While the fund is sizable, its impact will depend on how it is accessed and utilized by deep-tech startups. The details of the framework and priority sectors are yet to be disclosed.
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Mint Primer: Why India’s first locally made chip will be a big deal
Livemint
·
5m ago
Medial
The debut of India's first locally made chip by October marks a significant milestone in achieving self-sufficiency in semiconductor manufacturing. This development, driven by initiatives from Tata Electronics and Micron, aims to reduce electronic imports, boost job creation, and propel India towards global AI leadership. Overcoming past setbacks, the government’s investments have catalyzed projects, enhancing production capacity to 180,000 wafers monthly, aligning with India’s strategic focus on 28-110nm chip nodes to balance feasibility and technological relevance.
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Mint Primer: Can Blinkit & co take on Amazon in electronics?
Livemint
·
9m ago
Medial
- Quick commerce (Q-comm) firms are using expensive gadgets as a marketing strategy to indirectly drive sales and increase profitability. - Expensive electronics allow quick commerce ventures to diversify into higher-value items, which is crucial for their future growth and sustainability. - Quick commerce is following the footsteps of e-commerce giants like Amazon and Flipkart, who already sell high-value items such as luxury cars and gold bars. - This tactic has the potential to challenge the dominance of Amazon and Flipkart in the e-commerce industry, as quick commerce can offer quicker deliveries through a widely distributed network of small warehouses. - However, quick commerce's success relies on selling fast-moving items, and they may continue to focus on gadgets that make headlines in the short term. - In the long run, the merging of conventional e-commerce and quick commerce may impact the viability of this business model.
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Mint Primer | Behind the job cuts: Is AI the real reason?
Livemint
·
29d ago
Medial
Despite strong profits, tech giants are laying off workers, citing AI and automation. The pandemic, evolving strategies, and investor pressure also contribute to this trend. Predictions indicate a substantial displacement in white-collar jobs due to AI, while automation may replace manual tasks, especially in tech. By 2030, 39% of workers' skills will be outdated, necessitating upskilling. Job growth is expected in frontline roles and tech sectors, emphasizing AI, big data, and cybersecurity skills.
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'In the gig world, logistics is huge...': Deepak Shenoy reacts to Zepto CEO's comments on Indian startups
Business Today
·
3m ago
Medial
Deepak Shenoy highlights the efforts of Indian startups like Zomato, Swiggy, Zepto, Flipkart, and Ola to minimize delivery costs, enhance speeds, and expand city coverage. He notes that Zepto alone supports 1.5 lakh livelihoods and brings substantial tax revenues and foreign investment into India. Shenoy argues against belittling Indian startups by comparing them to Chinese counterparts and emphasizes the need for more deep tech innovation. Startups create job opportunities and make logistics accessible.
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Mint Primer | Family offices total 300 now. What’s driving them?
Livemint
·
1m ago
Medial
India's ultra-rich are increasingly turning to family offices, which have surged from 45 in 2018 to 300 in 2024, for better wealth management. These offices help preserve and grow assets through strategic investments in areas like startups and alternative funds, while also focusing on estate planning and philanthropy aligned with family values. Modern technologies are enhancing their operational efficiency, portfolio management, and compliance, reflecting a shift from traditional low-yield investments to diversified, tech-driven strategies.
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Mint Primer: Will XR glasses, Neuralinks kill smartphones?
Livemint
·
1y ago
Medial
India currently represents 10% of the global smartphone user base, but this may change in the next 10-15 years as new technologies such as extended reality glasses, gesture-based screens, and brain-computer-interface (BCI) devices like Neuralinks emerge. Elon Musk has suggested that smartphones will be replaced by Neuralinks in the future. Other experts, such as Mary Meeker and Nokia CEO Pekka Lundberg, also believe that smartphones will be replaced by wearable and embedded technologies. However, there are challenges to overcome, including limited functions, high costs, design limitations, privacy concerns, and the need for developer ecosystems.
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