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With the approval of the India AI mission by the government, technology companies, including deep-tech firms, see an opportunity for expansion

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Team Happen Recently
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The announcement of the India AI Mission by the government, supported by a significant investment of Rs 10,372 crore, has been well received by businesses. Experts see this as a positive step towards fostering the development of artificial intelligence (AI) in the country.

The allocated funds will be utilized to establish a robust AI ecosystem through collaboration between the public and private sectors. Industry experts and international partners can contribute their practices and knowledge to enhance AI development, making it a key component of Industry 4.0.

The initiative reflects the government’s commitment to promoting innovation, nurturing talent, and ensuring inclusivity in the AI field. By implementing transparent and strategic plans, this mission holds the potential to advance various sectors and position India as a leading global AI player.

The AI market in India surpassed $4.1 billion in 2023, with machine learning (ML) holding the largest share at $2.7 billion. AI is poised to revolutionize the technology sector by enhancing productivity through simplification and automation processes.

Furthermore, AI is expected to drive advancements in robotics, enabling the development of robots for various applications like autonomous vehicles. The approval of the India AI mission is anticipated to benefit sectors such as healthcare, education, and agriculture.

The proposed investment in GPU-based computing capacity is seen as a positive step towards fostering the generative AI (Gen AI) economy. This move is likely to boost the startup ecosystem and innovation, enabling the creation of advanced AI applications in areas like text summarization and chatbots across Indian languages.

Experts believe that the India AI mission signifies a significant government commitment in terms of resource deployment. The mission focuses on key pillars like employment, innovation, responsible AI, and AI for development, with plans to create an AI data platform for seamless access to non-personal data.

While the non-personal data governance framework has been discussed, there is a need for clarity on how this data will be collected and its differentiation from personal data under the Digital Personal Data Protection (DPDP) Act. Discussions also revolve around the potential implications of non-personal data and its alignment with the government’s Digital India Act proposal.

For more information visit at https://happenrecently.com/zepto/?amp=1

Infinity Lord Designs: Redefining Creativity in Assam’s Graphic Design Scene

By
Team Happen Recently
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Infinity Lord Designs

In the vibrant world of graphic design, where innovation reigns supreme, Infinity Lord Designs emerges as a trailblazer, reshaping perceptions and setting new standards of excellence. Founded on January 1, 2023, by an enterprising visionary from a modest background, Infinity Lord Designs epitomizes the transformative power of determination and creativity. Despite encountering obstacles and prejudice, the founder’s unwavering commitment to his craft propelled the studio to unprecedented heights, establishing it as a beacon of inspiration in Assam’s design landscape.
The journey of Infinity Lord Designs is a testament to the resilience and perseverance of its founder. Starting with humble beginnings and facing scepticism from peers and society, he refused to be deterred by the challenges that lay ahead. Instead, armed with nothing but a fervent passion for design and an unyielding determination to succeed, he embarked on a quest to carve out a niche for himself in the competitive world of graphic design.
From the outset, the founder understood that success would not come easily. With limited resources and no prior experience in entrepreneurship, he relied on sheer grit and a thirst for knowledge to chart his course. Turning to online resources and mentors, he honed his skills and acquired the expertise needed to bring his vision to life.


One of the defining moments in the studio’s journey came with the realization that true success is not measured solely by financial gain, but by the impact one creates. Faced with clients who sought to exploit his services without fair compensation, the founder remained steadfast in his commitment to integrity and excellence. Rather than compromising his principles for short-term gain, he doubled down on his dedication to delivering quality work and building lasting relationships with clients who shared his values.
As Infinity Lord Designs continued to grow, so too did the challenges it faced. Scaling the business meant expanding the team, but finding individuals who shared the founder’s passion and work ethic proved to be a daunting task. Despite initial setbacks, the founder remained undeterred, tirelessly seeking out like-minded individuals who would contribute to the studio’s success.
With the recruitment of new talent came a renewed sense of energy and enthusiasm within the team. The infusion of fresh perspectives and ideas invigorated the studio, propelling it to greater heights of creativity and innovation. Together, the team at Infinity Lord Designs embarked on a mission to redefine the boundaries of graphic design, pushing the limits of imagination and bringing bold new concepts to life.
Throughout its journey, Infinity Lord Designs has remained committed to its core values of excellence, integrity, and innovation. From collaborating with local businesses to working on national campaigns, the studio has left an indelible mark on Assam’s design landscape, earning recognition and accolades along the way.
Looking ahead, the founder of Infinity Lord Designs remains as determined as ever to push the boundaries of creativity and innovation. With a keen eye for emerging trends and a relentless drive to stay ahead of the curve, he is poised to lead the studio to even greater heights of success in the years to come.
As Infinity Lord Designs continues to evolve and grow, it serves as a shining example of what can be achieved through passion, perseverance, and a relentless pursuit of excellence. In an industry driven by creativity and innovation, Infinity Lord Designs stands out as a true pioneer, reshaping the landscape of graphic design in Assam and beyond.
Infinity Lord Designs is more than just a studio; it is a testament to the power of dreams and the boundless potential of human creativity. As it continues to chart its course in the ever-changing world of design, one thing remains certain: the journey of Infinity Lord Designs is far from over, and the best is yet to come.

In 2024, this industry is projected to experience the biggest increase in salary growth, while there may be job cuts in…

By
Team Happen Recently
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The report mentioned that attrition rates in various sectors have been fluctuating due to macroeconomic factors. According to the EY ‘Future of Pay 2024’ report, India Inc is expected to have an average salary increase of 9.6% in 2024, similar to the previous year. Attrition decreased to 18.3% in 2023 and is predicted to continue declining as companies focus on cost management and employee well-being.

E-commerce, financial services, and professional services sectors are anticipated to have significant salary raises in 2024. Organizations are shifting towards a more comprehensive rewards value proposition (RVP) to enhance employee satisfaction. E-commerce is projected to have the highest salary growth at 10.4% this year, followed by financial services (10.1%) and professional services (10%).

The report highlighted that attrition rates have been fluctuating due to macroeconomic factors and internal corporate strategies. The highest attrition levels were observed in financial services, professional services, and information technology sectors. Furthermore, organizations are prioritizing cost planning, employee wellness, and aligning with industry standards to enhance employee benefits.

For more information visit at https://happenrecently.com/zepto/?amp=1

Larsen & Toubro secures a contract from ONGC for its Hydrocarbon division

By
Team Happen Recently
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Larsen & Toubro’s Hydrocarbon division has received a substantial order from ONGC for the MHN TCPP PGC BGC Project off India’s West Coast. 

The project involves installing new Process Gas Compressor modules at ONGC’s Mumbai High & Tapti offshore locations and upgrading existing facilities to boost production. 

This order signifies ONGC’s trust in L&T’s capabilities and their commitment to supporting India’s energy requirements. 

Larsen & Toubro, a $23 billion Indian company, specializes in EPC projects, manufacturing, and services, operating globally in over 50 countries.

For more information visit at https://happenrecently.com/zepto/?amp=1

 Mobile exports will increase significantly to reach $50-60 billion, while electronics manufacturing will create job opportunities for 25 lakh people.

By
Team Happen Recently
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Ten years ago, India used to import 98% of mobile phones, but now 99% of them are manufactured within the country, according to Union IT and Communications Minister Ashwini Vaishnaw. 

He mentioned that mobile phone exports are expected to surge to USD 50-60 billion from USD 11 billion last year, with employment in electronics manufacturing set to rise from 10 lakh to 25 lakh soon.

 Vaishnaw emphasized India’s growth prospects, predicting it to become the third-largest economy by 2027 and achieve a market capitalization of USD 10 trillion by 2030. 

The minister highlighted the significant strides made in infrastructure development, such as railway network expansion and airport growth. 

He mentioned the government’s efforts in improving various sectors and bringing millions of people out of poverty, showcasing India’s positive trajectory in global discourse.

For more information visit at https://happenrecently.com/zepto/?amp=1

India is starting to negotiate hard with the EU on non-tariff barriers in the FTA talks

By
Team Happen Recently
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India has begun intense negotiations with the European Union to eliminate non-tariff barriers as part of their ongoing talks about a free trade agreement.

 The negotiations cover various sectors like pharmaceuticals, engineering, electronics, and agriculture. Despite concluding their seventh round of negotiations recently, India and the EU are still at odds over the definition and impact of these non-tariff barriers.

 The EU’s stringent standards and regulations, such as the Carbon Border Adjustment Mechanism and Deforestation-free Regulation, are posing challenges for Indian exports, particularly in sectors like agriculture and chemicals. 

This mismatch in standards and affordability is hindering India’s ability to meet EU requirements and compete effectively, especially when compared to China’s compliance levels.

 For instance, chemical exports from India have been affected by the EU’s Registration, Evaluation, Authorisation, and Restriction of Chemicals (REACH) regulations, while rice exports have faced restrictions due to maximum residue levels (MRL) limits imposed by the EU.

 This discrepancy in standards is a major stumbling block in the negotiations between India and the EU, as each party has different priorities and perspectives on non-tariff barriers.

For more information visit at https://happenrecently.com/zepto/?amp=1

RBI has prohibited JM Financial Products from providing financing services using shares and debentures as collateral

By
Team Happen Recently
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The Reserve Bank of India (RBI) has prohibited JM Financial Products Ltd (JMFPL) from providing financing against shares and debentures.

 This includes issuing loans related to initial public offerings (IPOs) of shares and subscriptions to debentures. The RBI took this action due to significant deficiencies found in the loans sanctioned by JMFPL, which is an important non-deposit taking non-banking financial company (NBFC). 

The RBI conducted a limited review of the company’s books based on information shared by the Securities and Exchange Board of India (SEBI). It was discovered that there were issues with credit underwriting and financing against minimal margins. Additionally, JMFPL assisted customers with IPO and NCD bids using loaned funds, without their involvement. 

The company acted as both lender and borrower and managed accounts using power of attorney obtained from customers. The RBI mentioned governance concerns and is investigating regulatory violations by the company and any potential involvement by banks.

 The restrictions on JMFPL will be evaluated after a special audit and rectification of deficiencies. Despite this, the company can continue serving existing loan accounts through regular collection and recovery procedures.

For more information visit at https://happenrecently.com/zepto/?amp=1

AI has a   large  and   developing  carbon footprint,   however  algorithms can help One   of two  AI   structures  make   large  needs  on   electricity  resources. 

By
Team Happen Recently
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Training GPT-  three , the precursor AI   gadget  to the   cutting-edge  ChatGPT, generated 502 metric tonnes of carbon,   that’s  equal  to   riding  112 petrol   automobiles  for a year. GPT-  three  similarly  emits 8.  four  tonnes of carbon dioxide   yearly  because of  inference. 

The   necessities  of   big  language   fashions  which might be  at the back of  ChatGPT have   long gone  up   via way of means of  a   issue  of 300,000.

Given the   big  hassle –  fixing  capacity  of   synthetic  intelligence (AI), it wouldn’t be far-fetched to   suppose  that AI   can also  assist  us in tackling the   weather  crisis. However,   whilst  we   take into account  the   strength  desires  of AI models, it   will become  clean  that the   era  is as   a lot  part of  the   weather  hassle  as a solution.

The emissions come from the infrastructure   related to  AI,   consisting of  constructing  and   going for walks  the   statistics  centres that   cope with  the   huge  quantities  of   records  required to   preserve  those  structures .

But   special  technological   strategies  to how we   construct  AI   structures  may want to  assist  lessen  its carbon footprint. Two   technology  particularly  maintain  promise for doing this: spiking neural networks   and lifetime  learning.

Spiking neural networks

The   formerly  noted  new technologies, spiking neural networks (SNNs)   and lifetime  studying  (L2), have the   capability  to   decrease  AI’s ever-  growing  carbon footprint, with SNNs   appearing  as an energy-  green  opportunity  to ANNs.

ANNs   paintings  through  processing and   studying  styles  from data,   allowing  them to make predictions. They   paintings  with decimal numbers. To make   correct  calculations,   particularly  while  multiplying numbers with decimal   factors  together, the   pc  wishes  to be very precise. It is   due to  those  decimal numbers that ANNs require   plenty  of computing power,   reminiscence  and time.

Lifelong   studying 

L2 is   any other  method  for   lowering  the general  strength  necessities  of ANNs over the   route  in their  lifetime that we   also are  running  on.

Training ANNs sequentially (  in which  the   structures  analyze  from sequences of data) on new   issues  reasons  them to   neglect about  their   preceding  know-how  whilst  studying  new   obligations .

ANNs require retraining from scratch   whilst  their   running  surroundings  changes,   similarly  growing  AI-  associated  emissions.

L2 is   a group  of algorithms that   permit  AI   fashions  to   learn  sequentially on   more than one  obligations  with   very little  forgetting.

For more information visit at www.happenrecently.com

A delegation from the UK travels to India to engage in discussions about a potential trade agreement.

By
Team Happen Recently
-

A delegation from the UK is currently in India for discussions on a proposed trade agreement. The main points of discussion may include the British request for a reduction in customs duties on electric vehicles.

 The negotiations for the free trade agreement have gone through 13 rounds, with the 14th round starting in January. Key issues like goods and services will be addressed by the chief negotiators of both countries during this visit. Additionally, talks on a potential bilateral investment treaty are also in progress.

 The agreement covers various aspects like goods, services, investments, and intellectual property rights.

 Both sides have specific demands, with India pushing for easier access for skilled professionals in sectors like IT and healthcare in the UK, while the UK is looking for reduced import duties on items like scotch whiskey, electric vehicles, and certain food products.

 The UK is also interested in expanding its services in the Indian market, particularly in areas like telecommunications, legal, and financial services. The bilateral trade between India and the UK saw an increase to USD 20.36 billion in 2022-23 from USD 17.5 billion in 2021-22.

For more information visit at https://happenrecently.com/zepto/?amp=1

TiE Delhi-NCR is hosting TiEcon Delhi 2024, celebrating India’s Largest Startup Conference with Industry Titans and Visionary Founders on March 8-9

By
Team Happen Recently
-
TiEcon Delhi


TiE Delhi-NCR is gearing up to host TiEcon Delhi 2024, India’s largest startup conference set to take place on 8th and 9th March. The event, themed ‘The New Bharat’, aims to celebrate breakthrough startups and founders, with a lineup of 100+ speakers, 100+ investors, and 1000+ delegates expected to participate. The conference will provide a platform to explore new strategies and technologies for driving innovation and entrepreneurship in India.

Among the notable speakers are industry leaders such as Sivasubramanian Ramann, Chairman of SIDBI, S Krishnan, Secretary of MeitY, Vishal Dhupar, Managing Director of NVIDIA Asia South, and Rajan Anandan, Managing Director of Peak XV and Surge. Other distinguished speakers include Abhinav Sinha of Oyorooms, Sanjeev Bikhchandani of Info Edge, and Gaurav Gupta of MG Motor India, among others.

The theme of ‘The New Bharat’ emphasizes the emergence of a dynamic entrepreneurial landscape in India, focusing on aspects such as profitability, market understanding, and the creation of billion-dollar businesses. The conference will also feature the presentation of prestigious startup awards, including the TiE-Lumis Entrepreneurial Excellence Awards and the Startup CFO Awards.

TiEcon Delhi 2024 will offer engaging sessions on topics ranging from AI and deeptech startups to cross-border expansion strategies and the digital revolution. Attendees can expect thought-provoking panel discussions led by industry experts, providing insights into funding, creative capital pools, growth strategies, data privacy, and more.

The event will also provide ample networking opportunities for founders, investors, and industry professionals to connect and collaborate. Attendees will have the chance to participate in live pitching sessions, interact with influential figures in the startup ecosystem, and explore potential partnerships and investment opportunities.

Reflecting on the significance of the event, Geetika Dayal, Executive Director of TiE Delhi-NCR, expressed excitement about the lineup of sessions, speakers, and investor meetings planned for TiEcon Delhi 2024. She emphasized the importance of gaining insights into driving business profitability and increasing market size in the evolving landscape of Indian entrepreneurship.

TiEcon Delhi 2024 is supported by esteemed partners such as Startup India, Maruti Suzuki Innovation, Havas Media, SAP, AWS, Microsoft, and many others, highlighting the collaborative efforts driving India’s startup ecosystem forward.

TiE Delhi-NCR, known for its active and vibrant community, has been instrumental in fostering a positive ecosystem for entrepreneurs and investors. Through initiatives like TiEcon, India Internet Day, and Sustainability Summit, the chapter continues to empower and support aspiring entrepreneurs across various sectors.


For more information and registration details, visit TiE Delhi-NCR’s official website.

Tickets are available on our Website | AllEVENTS and BookMyShow 




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