Jio Glass Launches 🤳, Nitin Gadkari to Musk 🗣, Digital Twins Vision 🔭

Catch up on the latest in 🇮🇳 Indian 🇮🇳 startups and tech landscape - all in 5 minutes. [Newsletter Banner] Daily 🇮🇳 IndiaTech 🇮🇳 Roundup Welcome to today's edition of the NextBigWhat Daily IndiaTech News! Today's top stories include Jio Glass launch, Nitin Gadkari's message to Elon Musk, and Cyient founder advocating for Digital Twins of Indian cities. 🤖 🚀 🏙 Help us reach your your friends and colleagues! Share the NextBigWhat newsletter. [Tweet it]( [Whatsapp]( First look of Jio Glass; Features include AR, VR mode with 1080p display 🇮🇳 IndiaTech - The Jio Glass is a pair of smart glasses designed to connect with your smartphone and transform its content into a virtual 100-inch screen - It features a sleek metallic grey frame with two lenses, giving it a futuristic appearance. These lenses can seamlessly switch between AR and VR modes by attaching or detaching a removable flap that conceals your eyes behind a cool chrome finish. Nitin Gadkari to Elon Musk: No duty cut if you make in China and sell in India 🇮🇳 IndiaTech - Gadkari emphasized that if Tesla manufactures in China and aims to sell its vehicles in India, they won’t receive any concessions. - There have been positive discussions between Tesla officials and the Indian government, and a meeting between Prime Minister Narendra Modi and Tesla CEO Elon Musk has further advanced this initiative. How Risk Taking, Innovation & AI Transform Human Experience - Marc Andreessen & Huberman Lab #bigIdeas [NBW Newsletter Ad]( Join Marc Andreessen, a pioneering figure in the software industry and venture capitalist, as he delves into the nuances of innovation, the essence of risk-taking, and the transformative potential of artificial intelligence. Save time. Get #BigIdeas from 100+ podcasts! [Read 🚀]( Cyient founder advocates for ‘Digital Twins’ of Indian cities to address urban issues 🇮🇳 IndiaTech - BVR Mohan Reddy, founder-chairman of Cyient, has proposed the creation of ‘Digital Twins’ for Indian cities to simulate and solve urban problems. - Cyient has developed similar digital replicas for European cities, aiding in planning, project execution, and disaster simulation. - Reddy emphasizes the need for technology upgrades and data collection for effective decision-making in Indian cities. Indian IT firms headcount sees first fall in 25 years 🇮🇳 IndiaTech - For the first time, Indian IT companies might end the fiscal year with fewer staff than it began, per industry insiders. - 10 largest companies, including TCS and Infosys, along with smaller firms such as LTI Mindtree and Persistent Systems, saw their workforce fall to 2.06 million at the end of September from 2.11 mn at the beginning of the fiscal year, resulting in a loss of 51,744 jobs. Get NBW News: The short news app for busy professionals. [App Store]( [Google Play]( Cars24 sees modest growth in FY23, cuts losses by 57% 🇮🇳 IndiaTech - Cars24, a pre-owned vehicle e-commerce platform, recorded a 7.8% increase in revenue to Rs 5,535 crore in FY23, with 93% of revenue generated from car sales. - The company managed to reduce its losses by 57.2% to Rs 468 crore in FY23, primarily through cost control measures and process efficiency. - Despite laying off 600 employees, the company’s total employee count remained unchanged due to back-to-back hiring, and it is considering further investment in technology development. Narayana Murthy Doesn’t Know Working for Less Than 80 to 90 Hours A Week: Sudha Murthy 🇮🇳 IndiaTech “He (Narayana Murthy) has worked 80 to 90 hours a week, so, he doesn’t know what less than that is. He believes in real hard work and he lived like that. Hence, he has told what he felt.” “People have different ways of expression. But he lived like that, he had walked the talk. So, he has shared his experience,” – Sudha Murthy. Top Indian IT firms see first collective workforce drop in 25 years 🇮🇳 IndiaTech - India’s leading IT companies, including TCS, Infosys, and Wipro, experienced a workforce reduction of 51,744 in H1 FY24, marking the first collective drop in over 25 years. - The companies’ headcount peaked in FY 2021-23, but has since dipped across the board in H1 FY 24. - In response to the weak demand environment, these firms plan to reduce hiring in the upcoming quarters, with some even skipping campus recruitment. India’s $30 trillion economy vision document to be finalized by December 📈 India Business - NITI Aayog CEO, BVR Subrahmanyam, announced that a vision document aiming to make India a developed country with a $30 trillion economy by 2047 is nearing completion, with a draft expected by December. - The document, prepared by ten sectoral groups of secretaries from various ministries, outlines the sectors and technologies India should lead in by 2047 and the necessary institutional and structural reforms. - Preliminary forecasts by NITI Aayog predict India’s exports to be valued at $8.67 trillion and imports at $12.12 trillion in 2047, with average life expectancy rising to 71.8 and literacy rate to 89.8%. Godrej’s acquisition of Raymond’s FMCG business scrutinized by DGGI 📈 India Business - The Directorate General of GST Intelligence (DGGI) is investigating Godrej’s acquisition of Raymond’s FMCG business. - GST authorities have asked Raymond to justify why GST should not be charged on the transaction amount of Rs 2,825 crore. - Raymond asserts that the sale does not attract GST as it was a slump sale of the business on a going concern basis. Stanford report identifies India as global frontrunner in AI skills 🇮🇳 IndiaTech - Stanford University’s AI Index Report 2023 identifies India as having the highest AI skill penetration rates globally. - In 2022, Indian software developers contributed to 24.2% of AI projects on GitHub, outpacing the EU, UK, and US. - Former NITI Aayog CEO, Amitabh Kant, emphasizes the need for access to reliable data and computing power to establish India as an AI research hub. © 2023 Zakti Techmedia Pvt. Ltd. All rights reserved. | [Unsubscribe](