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What’s New Today: Modi inaugurated HCL-Foxconn chip facility in UP, calling it key to self-reliance and global supply chain resilience.
Fast-Track Insights: ePlane seeks $40–50 million with Speciale Invest co-leading, backing prototype rollout and phased launch of air ambulance and cargo services.
Here’s a quick rundown of the biggest tech headlines making waves today. Let's dive into the day's top tech stories, from Modi Inaugurates HCL-Foxconn Semiconductor Plant in UP to Over 60,000 Government Jobs Across Sectors.
Prime Minister Narendra Modi described India’s growing chip manufacturing ambitions as a win-win for both the country and the world while laying the foundation stone for the HCL-Foxconn semiconductor plant in Uttar Pradesh. The Rs 3,700 crore joint venture, named India Chip Private Limited, will produce 3.6 crore chips monthly by 2028. Leaders say the project strengthens India’s electronics exports, creates jobs, and supports a self-reliant, resilient semiconductor ecosystem.
Chennai-based The ePlane Company is aiming to raise $40–50 million through a mix of equity, convertible instruments, and possible government-backed RDI support. Speciale Invest is co-leading the round. The startup, incubated at IIT Madras, has board approval for a $15–20 million convertible tranche. As it prepares to unveil a full-scale prototype this year, ePlane plans phased commercialization, beginning with air ambulance and cargo services.
More than 60,000 government job openings currently exist across central and state departments, including positions in civil services, defence, banking, railways, and healthcare and administrative functions. The main recruitment programs consist of UPSC Civil Services, RRB Group D, Indian Army Agniveer, AIIMS Nursing Officer, RBI Assistant, and Haryana and Delhi state services. The recruitment programs provide structured career paths together with job security and predetermined salary levels to candidates who have different educational qualifications.
Generative AI was expected to reduce workloads, but it is instead increasing expectations and stretching work hours. While tasks are completed faster, targets rise, roles expand, and coordination grows more complex. Employees handle more assignments, spend extra time reviewing AI outputs, and struggle with fading work-life boundaries. Productivity gains have not translated into rest, leading to higher stress and cognitive load across many AI-exposed roles.
Streamex is launching GLDY, a yield-bearing gold stablecoin backed 1:1 by vaulted bullion, offering up to 4% annualized yield paid in gold. The GLDY cryptocurrency serves as a financial bridge between conventional banking systems and blockchain technology, offering users gold price appreciation and continuous income generation. The article shows that Bitcoin can generate the same income potential through its tokenized yield products, which function like GLDY.
