TiE Delhi-NCR News Feed | March 23rd 2018
Artificial intelligence task force seeks ₹1,200 crore corpus from govt – The Times of India – The artificial intelligence (AI) task force, set up by the ministry of commerce and industry last year, has recommended a Rs 1,200-crore corpus for five years under the Union Budget to push the National Artificial Intelligence Mission (N-AIM). The task force has made a six-part recommendation. While AI has been making headlines globally for taking away jobs, the report instead, quoting various studies, said, that AI could create jobs in the country that would be higher than the number of jobs becoming redundant due to innovation in technology.

Govt seeks suggestions as India eyes position among global top five in defence production – The Times of India – India, which remains stuck in the strategically-vulnerable and embarrassing position of being the world’s largest arms importer, wants to emerge as one of the top five countries around the globe in terms of defence and aerospace industry production by 2025, claims a draft defence production policy (DPP) made public by the defence ministry on Thursday.

Travel, hospitality sector fast adopting digital technology – ET Brand Equity – Growing disposable incomes and the rise of millennials are making the travel and hospitality sector rapidly adopt various tools, technologies and digital platforms to improve customer experience, says a report.

Kottaram Agro Foods, a packaged foods start-up that markets its products under the brand ‘Soulfull’, has raised Rs35 crore from Aavishkaar Bharat Fund, an impact investment fund of the Aavishkaar-Intellecap Group.
Read more on: Live Mint
Girnar Software, which owns and runs auto classified portal CarDekho.com has raised Rs 16 crore from Sequoia Capital in an internal round of financing. Sequoia Capital has invested the capital through the SCI Growth Investments II fund for 2390 shares
Read more on: ET Rise

Aadhaar case: UIDAI CEO to make presentation before Supreme Court – Live Mint – The Supreme Court on Thursday allowed chief executive of the Unique Identification Authority of India (UIDAI) to make a PowerPoint presentation on the Aadhaar scheme at 2.30pm before the court.The constitution bench headed by chief justice Dipak Misra asked the petitioners opposing the Aadhaar scheme to prepare a questionnaire after the UIDAI CEO’s presentation.

Ravi Shankar Prasad warns FB of strict action, says can summon Zuckerberg – Business Standard – Union Minister for Electronics and Information Technology Ravi Shankar Prasad had a stern warning for Facebook Chairman and Chief Executive Officer Mark Zuckerberg. “It will not be tolerated. We have got stringent powers in the IT Act, including summoning you to India,” Prasad said.

Zomato hits gold with food delivery, annual revenue run rate at Rs 650 cr – ET Rise – FY18 is all set to see online restaurant discovery and food-delivery platform Zomato turn a new chapter in its revenue history with premium subscription service Zomato Gold taking top positions in terms of growth. The Gurgaon-based startup has hit Rs 650 crore ($100 million) in annual revenue run rate as of revenues booked for March, with Zomato Gold leading the charge, according to the firm.

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