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Vedanta Ltd, owned by billionaire Anil Agarwal and located in Bangalore, announced it would take control from its holding company of Foxconn International Co, Taiwan’s joint venture established last year to produce semiconductors. Furthermore, they indicated their intent to acquire display glass ventures. This move comes only a week after India’s market regulator issued Vedanta with an $85,000 penalty for violating regulations by making disclosures which implied they were working together with Foxconn on this venture.

VFSL had signed memorandums of understanding with the Gujarat government in September 2022 to set up units for chip production and display fabrication, marking an important step in India’s efforts to become an international manufacturing hub – marking its inaugural major investment under an incentive scheme which promised subsidies worth $10 billion.

Foxconn announced its withdrawal on Monday, saying they are no longer willing to invest in the project and seek termination of contracts with VFSL. Their move had long been anticipated due to falling demand for iPhones as well as concerns surrounding their Dholera factory – however this decision came at no great surprise as Foxconn is also planning a second factory in China with plans of hiring 100,000 workers there.

On Tuesday, India’s government downplayed this development, saying it “changes nothing about our semiconductor goals”. Rajeev Chandrasekhar, India’s minister for electronics and information technology added that both companies could pursue their strategies for India without interference.

Vedanta announced it has already lined up partners in order to fulfill its commitments for semiconductor fab projects, though did not name them. Furthermore, it resubmitted its application for incentives under India’s new version of semiconductor programme which now allows applicants with production-grade technology or letters of intent from partners to apply as soon as they have secured one or have their commitment secured by an agreement in principle from one.

Vedanta’s revised application would permit them to begin manufacturing 40 nanometer (nm) chips in India from early 2022 if approved; this represents an upgrade over the current 28 nm chips produced at VFSL, giving Vedanta greater access to production-linked incentives.

Vedanta may benefit from its resubmission in chipmaking, though it will likely struggle against Foxconn’s massive facilities. Foxconn is the world’s largest contract manufacturer of electronic devices; its China plants produce around 60 million smartphones every month; this compares with 15 million from Vedanta operations which include AvanStrate Ltd – purchased as an acquisition in 2016. Vedanta boasts oil and gas reserves, copper, zinc, aluminium and iron ore deposits and infrastructure projects such as ports, power and steel projects with an estimated market value of roughly $8.5 billion.

Indian space agency ISRO sees India’s Chandrayaan-3 mission aimed at landing a rover and lander on the Moon this month as an essential step toward human spaceflight, according to its chief. Additionally, this adds momentum towards sending equipment onto lunar surfaces worldwide – particularly its south pole believed to contain water ice that could sustain human presence there but unfortunately three out of the last four attempts have failed so far.

Chandrayaan-3 could make history when successful; becoming only the fourth Asian nation after United States, former Soviet Union and China to land successfully on the Moon.

India can take great pride in the success of its homegrown space program, which has since evolved into an expanding network of private start-ups. International partners also expressed confidence in India’s ability to undertake crewed space travel in future missions.

Chandrayaan-3 will use the Geosynchronous Satellite Launch Vehicle (GSLV), with launch scheduled for July 14 from Satish Dhawan Space Centre in Sriharikota. Once in Earth parking orbit, mission team can use its stability to verify all components are operating as intended before beginning its deep space journey. Once on lunar transfer trajectory, landing and rover missions will orbit around their respective lunar bodies close to those that orbit Earth itself.

At this stage, the lander will separate from its propulsion module and alter its orbit so as to come closer to the Moon. Once close enough, it will initiate soft landing procedures. After it touches down on its target site, rover will gather photographs of it for analysis.

Chandrayaan-3 features seven scientific payloads with varied purposes. RAMBHA will measure changes to lunar ionosphere density over time. The Lunar Seismic Activity Sensor can detect seismic activities on the Moon’s surface. The Large Area Soft X-Ray Spectometer will use Chandrayaan-2’s Vikram Lander/Rover as a basis to investigate water at both poles of the Moon, further strengthening evidence found by Chandrayaan-2 that there exists water at one pole (South Pole). The Lunar Exploration Rover will conduct various experiments as well as carrying a symbolic Indian Flag as part of its commitment to interplanetary exploration. India will use this mission to search for signs of life on the Moon as well as study its composition and temperature to help provide clues as to its potential habitability. Furthermore, new technologies including thermal protection systems will be tested out as preparation for eventual human flights to Mars or beyond – helping India compete with NASA and Russia in developing technologies necessary for human space travel.

The Reserve Bank of India (RBI) recently allowed Indian tourists visiting France to make payments using India’s UPI payment mechanism, marking an impressive step for digital payments in India and helping people avoid carrying large sums of cash and using foreign exchange cards for transactions.

UPI (Unified Payment Interface) enables fund transfers, bill payments and peer-to-peer collect requests with scheduled delivery dates at ease from multiple bank accounts through one mobile application. It has quickly become a hit across India; even small vendors such as tea sellers are offering this facility.

UPI (Universal Payment Interface) has rapidly evolved over the last four years from a small feature on smartphones into one of the world’s leading mobile payment platforms, connecting over 11,000 banks and over 40,000 merchants – many apps like PhonePe, Paytm and Amazon Pay also support UPI.

PM Modi, on a two-day visit to France, said the new initiative would enable both Indians living in France and French citizens visiting India to make seamless payments while they are there. He called this “a significant step” toward digital integration of Indians overseas.

At the event, Prime Minister Narendra Modi stressed how closely India and France have collaborated over time in multiple fields. Recalling his role as founding member of an Alliance Francaise cultural centre located in Ahmedabad over 40 years ago in Gujarat’s Ahmedabad state, PM Modi noted how digital infrastructure helps strengthen bilateral relationships between both nations.

Archaeological missions being conducted by both countries were also mentioned. He mentioned how archaeological missions can strengthen relationships between both nations, with archaeological missions working toward deepening ties between them. Finally, he stated that India will soon provide long-term five-year visas for students who pursue masters programs in France – this represents an improvement over earlier arrangements where only two year work visas were available to Indian students pursuing such programs.

PM Modi spoke of India’s progress in combatting poverty and how recent declarations by the International Monetary Fund indicate extreme poverty is nearly eliminated in India. Such efforts not only benefit India but all humanity as a whole.

PM Modi also encouraged Indian diaspora members to contribute to India’s development and growth, noting its phenomenal economic expansion that will soon see it reach $5 trillion economy status. He thanked Wimbledon champion Roger Federer for calling him Thalaiva as an indication of strength of Indian community worldwide; and thanked India’s young entrepreneurs for leading such an unprecedented surge in economic expansion.

Smart rings have recently seen an upsurge in popularity among wearable manufacturers, with many companies looking to match Oura Ring 3 with its suite of health features. Samsung appears ready to join this competition; reports indicate it has filed multiple monikers for its Galaxy smart ring product line.

Samsung recently trademarked three names related to smart rings: Galaxy Circle, Index and Insight – sparking speculation that they might launch one themselves. Also recently listed in their beta Health app features is ‘Ring Support” as an indicator that compatibility may exist for other smart ring brands as well.

Samsung’s patent applications hint that its Galaxy smart ring may feature numerous sensors, with ECG measurement capability and temperature monitoring. Furthermore, this ring may connect with other devices, such as smartphones and TVs, to control their functions remotely.

Not much is known about what the Galaxy ring would do with all this information, though according to its patent filing it could track heart rate and activity levels as well as provide alerts for certain activities like sleeping, exercising and driving. Furthermore, according to its filing, it could even take pictures due to having its own built-in camera and microphone.

The Galaxy smart ring will feature electrocardiogram (ECG) and photoplethysmography (PPG) sensors to monitor heart health, detect blood pressure, transmit this data directly to smartphone apps for analysis by medical professionals, identify blood types of users and even detect HIV or infectious diseases through its patent technology.

Patents reveal the Galaxy ring will feature a haptic feedback system to notify users of notifications such as texts and calls, while it could also scan QR codes and translate text.

As with any trademark application, Samsung’s application does not guarantee they will ever launch the ring; but it serves as a strong indicator that they may enter the market and compete with Apple’s anticipated smart ring with ECG sensor and glucose level monitoring abilities. Samsung’s Galaxy Ring could go even further; according to reports it could come equipped with OLED display technology as well as multisensors to make reading results simpler; pricing estimates range between $99-299; more details should surface soon as well – Samsung has yet to comment on these rumors!