India achieves its best ever medal tally at the Paralympic Games, surpassing the 19 in Tokyo three years ago
India achieved its best ever medal haul at the Paralympics by surpassing the number of podium finishes from the last edition thanks to a superlative performance by the country’s track and field athletes here on Tuesday.
A late afternoon avalanche of medals pushed India’s tally to 20 (3 gold, 7 silver, 10 bronze) to surpass its previous best haul of 19 medals at the Tokyo Paralympics three years ago. On a red-letter day for Indian sports, track and field athletes flexed their muscles for the second consecutive day at the iconic Stade de France, bagging five medals – two silver and three bronze – as the country ended the sixth day of the quadrennial exhibition in 17th place.
Which defense stocks should you buy? An analyst recommends these names
Brokerage firm Antique Stock Broking has recommended buying defence stocks such as Hindustan Aeronautics (HAL), Bharat Electronics (BEL), Bharat Dynamics (BDL), Mazagon Dock Shipbuilders and Garden Reach Shipbuilders.
The recommendations come after the Defence Acquisition Council approved 10 capital acquisition proposals worth ₹1.45 lakh crore on Tuesday.
This was done to enhance the operational capabilities of the Indian Armed Forces.
Proposals include procurement of Future Ready Combat Vehicles (FRCV), which will keep stocks like Bharat Forge in focus, Air Defence Fire Control Radars, which keep BEL on the radar, Dornier-228 aircraft, which keep HAL in focus, along with Next Generation Fast Patrol Vehicles, which keep shipbuilders like Mazagon Dock, Garden Reach Shipbuilders and Cochin Shipyard in focus.
A chance meeting with Bill Gates opened a fortune for an Indian tea seller
Dolly Chaiwala, a tea seller whose distinctive style caught the eye of Microsoft co-founder Bill Gates, the world’s seventh richest man, is now being invited to many events, talk shows and other public platforms.
A food blogger who wanted to invite him on her show revealed how much Dolly Chaiwala was asking him to accept these invitations. “Do you know how much this guy Dolly Chaiwala charges? 2,000 dinars. That is 5 lakh rupees. That is more or less 2,000 to 2,500 Kuwaiti dinars. That is not it. 2,500 KD, plus one more person who will come with him, 4-5 star hotel booking. He told me literally. He was not talking to me, he was talking to his manager… And this is for one day,” said the food blogger whose online handle is AK Food Vlog. The video recorded over 18.7 million views in the first 24 hours.
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Snap to focus on growing advertising and augmented reality business amid poor stock performance
Snap will focus on expanding and diversifying its underperforming advertising business with a focus on augmented reality, CEO Evan Spiegel told employees in a note Tuesday.
The announcement comes amid a challenging period for the Snapchat owner, which is competing with major social media players such as Instagram parent Meta Platforms and Bytedance’s TikTok for advertising revenue. “You may be wondering why, with all the progress we’ve made in our business over the past year, our share price performance has lagged the broader market. The answer is simple: our advertising business is growing more slowly than our competitors’,” Spiegel said in the note.
NSDC and NxtWave team up to upskill 3 million students
Edtech platform NxtWave has partnered with the National Skill Development Corporation (NSDC) to launch the ambitious NxtWave SkillUp India 4.0 initiative, which aims to empower over 30 lakh students across the country by equipping them with advanced skills in cutting-edge technologies such as Artificial Intelligence (AI), Machine Learning (ML), and Full-Stack Development. The initiative is a strategic move to bridge the gap between industry demands and academic output, ensuring that the upcoming workforce is well prepared to face the challenges of Industry 4.0.
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Online platforms to reach 100 million followers
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KYC for children’s age verification: will it be a misguided missile in child protection?
The National Commission for Protection of Child Rights (NCPCR) has recently proposed to the Ministry of Electronics and Information Technology (MeitY) to impose a KYC-based system for age verification of children below 18 years of age.
Digital Personal Data Protection Act (LPDPD).
While the intention to protect children in the digital realm is laudable, the proposed method (relying on KYC to verify age) is akin to aiming a missile at one target and hitting another, potentially causing unintended collateral damage in the realm of privacy and practicality.
The paradox of privacy
The irony of the NCPCR proposal is evident. If passed, the DPDP Act, designed to protect personal data, would paradoxically lead to the mass collection of information from minors that could otherwise be classified as sensitive information.
The dilemma of late payment of income: why there are no easy solutions
How does one resolve an issue like late payment of income? As a background, it may be mentioned that alleged violations of the law, be it the Income Tax Act, the Goods and Services Tax (GST) Act, the Excise Service Tax (EST) or the Customs Duty (CS) Act or the SEBI Act, result in a corresponding notice to the concerned entity.
After due process that includes the issuance of a notice, the filing of written arguments against the allegations, and the opportunity for a personal hearing, the adjudicating authority issues a “speaking” order that either drops the charges or confirms the complaint in whole or in part.
Read here
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Chennai-based space startup projects Rs 100 crore revenue in 2 years, wants Rs 50 crore funding
SpaceZone India has recently shot into the limelight after launching its first reusable hybrid rocket into space on the Rhumi-1 Mission from a mobile launch pad near Chennai. Rhumi-1 carried a payload of 50 picosatellites and 3 cubesats and parachuted down over the Bay of Bengal after completing its mission. Recovery efforts are currently underway as the green silt has delayed the recovery of the rocket. With a revenue boost in sight, the startup is looking to raise money from investors.
Opkey secures $47M Series B funding to expand its market presence and Improve engineering and R&D capabilities
Opkey, a testing automation platform, has successfully raised $47 million in a Series B funding round led by Peakspan Capital along with contributions from existing investors.
Speaking to CNBC-TV18, co-founder Lalit Jain highlighted Opkey’s ambition to expand its market presence and enhance its engineering and R&D capabilities with the newly acquired funds. “Our solutions are now validated by large customers who are in desperate need of them. We aim to increase our reach to as many customers as possible, and the fundraising will primarily support our go-to-market strategy. Additionally, we will allocate resources to strengthen our engineering, operations, R&D and AI capabilities,” Jain said.
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