Innogress signs MoU with UP govt for Robotics Technology Park in Gr Noida


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Lucknow, Feb 22, 2018
Innogress, a global research analyst to advisory firm, has signed a Rs 2,000 crore Memorandum of Understanding( MoU) with the Uttar Pradesh government on Thursday for its intent to build a World Class Robotics Technology Park in Greater Noida.

The park will have Innovation CoE (Center of Excellence), R&D, Engineering to Manufacturing facilities for Robotics with an objective of creating a Market Place in Robotics based products and services.

Innogress’ MoU has intent to promote and build ‘Greater Noida Robotics Technology Park’ (GNRTP) in a Multi Partner SPV (Special Purpose Vehicle) route having potential of investment of more than Rs 2,000 crore (USD 300 Millions), leading to direct employment generation for around 1,000 people and indirect employment to around 3,000 people.

Expressing his view at MoU signing ceremony held here, Mr Sumant Parimal, Global Director of Innogress, said, ”Robotics has emerged as high interest area for Global investors & entrepreneurs.

“If India wants to be a leading player in knowledge-based economy, then investments in Artificial Intelligence and Robotics are going to be critical success factors.


India chapter of Energy Transitions Commission launched


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New Delhi, Feb 15, 2018
The India Chapter of the Energy Transitions Commission India (ETC India) was launched here on Thursday by The Energy and Resources Institute (TERI).

ETC India is a unique, high-level, multi-stakeholder platform on energy and electricity sector transitions in India.
It will focus on policy, research and outreach on decarbonising the power sector.

ETC India is the first country-specific Commission.
India was chosen to have its own ETC as the country is taking great strides in transitioning towards renewable sources of energy.


Xiaomi Launches Redmi Note 5, Redmi Note 5 Pro in India


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New Delhi, February 14, 2018
Xiaomi Redmi Note 5 and Redmi Note 5 Pro were launched in India on Wednesday, February 14,2018 at an event in New Delhi. Alongside, the company also launched the Mi TV 4 series of televisions in India, its first foray into the category in the country. Both the new smartphones will be exclusively available via Flipkart in the country, apart from Mi.com and the Mi Home retail stores. The biggest highlights of the new Xiaomi smartphones is the presence of the large 5.99-inch 18:9 display, the selfie-light module, as well as the large 4000mAh battery. Both Redmi Note 5 smartphones share similar specifications, with some major differences, like the use of a dual rear camera setup on the Redmi Note 5 Pro, and a high resolution front camera. A Face Unlock feature will arrive in March with an OTA update.


LG to introduce own smartphone at MWC 2018


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New Delhi, Feb 13, 2018
LG Electronics, a global leader and trend setter in the mobile and wearable industry, will introduce the first of a suite of AI technologies for its smartphones at this year’s Mobile World Congress in Barcelona, Spain.

The new technology will be featured in the 2018 version of the LG V30, LG’s most advanced flagship smartphone to date.

LG spent more than a year researching how AI should be implemented in smartphones, long before announcing LG ThinQ at CES 2018.
This research focused primarily on making AI-based solutions with the objective to deliver a unique and more intuitive user experience, focussing on the camera and voice recognition.
The result is a suite of AI technologies that is aligned closely with the needs and usage behaviour of today’s users.


Videocon WallCam launches Mobile vehicle surveillance solutions


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New Delhi, Feb 13, 2018
Videocon WallCam, the fast-growing brand in security and surveillance domain, announced launch of its Mobile Vehicle surveillance solution on Tuesday.

Targeted to address the security and surveillance needs of segments including educational institutions, public transportations, goods carrier, cabs, the solution will make mobile vehicle surveillance a way of life.

The conventional CCTV solution is limited to stationary places like offices, houses, shops, hotels, malls bus/ train stations, and somewhat doesn’t address the mobility surveillance requirement — video surveillance for moving vehicles including buses, trucks and trains.
This is where the mobile security surveillance solution comes in.

The solution comprising special anti-vibration, shockproof, full metal body and vandal proof Video Recorder and cameras comes with many optional models with features including 4G/3G connectivity, GPS (Global positioning system), Wifi, G-sensor, Audio recording and remote viewing.


LG Launches Window Air Conditioner with DUAL Inverter Technology


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Mumbai, Feb 12, 2018
LG Electronics India has launched a new window air conditioner with ‘DUAL Inverter Technology’ in India for Rs 43,990.

The DUAL Inverter Compressor is backed up by a 10-year warranty, one of the best in the industry.
The dual inverter can cool in temperatures as high as up to 52 degrees.
, a press release said.

The LG DUAL Inverter Window AC has a 5-star Indian Seasonal Energy Efficiency Ratio (ISEER) rating mandated by the Bureau of Energy Efficiency (BEE).


OPPO launches new handset A71 with Artificial Intelligence


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New Delhi, Feb 12,2018
OPPO on Monday announced its latest addition to its A Series portfolio – OPPO A71(3GB).The A71(3GB) comes equipped with an upgraded A.I. Beauty Technology and a much powerful Qualcomm Snapdragon 450 processor.
It also inherits core OPPO selfie technology on the front camera with a gorgeous slim metallic uni-body, which makes it a compelling choice for young consumers, release stated.


Foodpanda to invest Rs 400 cr to strengthen its network


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New Delhi, Feb 12, 2018
Foodpanda, online marketplace for food delivery on Monday announced its plans to invest Rs 400 crore in the country.

The investment would focus on scaling up technology, ensuring seamless experience for partner restaurants, users and riders across all the metros and other key cities in the country, release stated.

Foodpanda India CEO Pranay Jivrajka said, “Creating a strong delivery ecosystem backed by technology is one of the most fundamental needs of the Indian food tech industry.
We at Foodpanda recognise this and are investing Rs 400 crore to further strengthen our delivery network across all the metros and other key cities.

Adding further, the CEO said, “We are also ramping up our last mile connect by hiring 25,000 delivery riders.


Restore tax benefits to special economic zones: EPCES


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New Delhi, Feb 5, 2018
The exports promotion council for special economic zones (SEZ) today said the government should reconsider their demand to restore tax benefits for supporting growth of the sector and generating jobs as the budget did not bring any concrete measure.

The Export Promotion Council for EOUs & SEZs (EPCES) said the budget has “absolutely nothing” important for the SEZs despite flagging the key issues affecting the sector.

The industry has asked for the removal of minimum alternate tax (MAT) and continuation of tax incentives being enjoyed by units in these zones.

“The government should reconsider the restoration of the original SEZ Act as it can help the sector and generate employment,” Vinay Sharma, Officiating Chairman of EPCES said in a statement.

He further said that exports from these zones in December recorded a growth of 21 per cent.

Units in SEZ enjoy 100 per cent income tax exemptions on export income for the first five years, 50 per cent for the next five years thereafter, and 50 per cent of the ploughed back export profit for another five years.

SEZs, which emerged as major export hubs in the country, started losing sheen after the imposition of minimum alternate tax and introduction of sunset clause.

Till December 1, 2017, the government has approved 423 SEZs, of which 222 are operational





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