India's Tech Leap: Cabinet Greenlights Three Semiconductor Plants

• Approval of Three Semiconductor Plants: The Union Cabinet has sanctioned the setup of three semiconductor manufacturing facilities in India.

• Key Partnerships: Collaborations involve Tata Electronics Private and Powerchip Semiconductor Manufacturing Corp in Dholera, Gujarat, among others.

• Investment and Capacity: The total investment amounts to Rs 1.26 lakh crore, with a production capacity of 50,000 wafers per month or 3 billion chips annually.

• Locations and Investments: Facilities to be established in Dholera, Gujarat, and Morigaon, Assam, with specific investments allocated to each location.

Vedanta's Sterlite Copper Plant in Tuticorin to Stay Closed

• Supreme Court dismisses Vedanta Group's appeal for reopening Sterlite Copper plant.

• The plant, situated in Thoothukudi, Tamil Nadu, identified as a chronic violator of environmental laws.

• The judgment emphasizes the importance of adhering to air and water pollution standards.

Revolutionizing Early Education with Artificial Intelligence

• AI technology is reshaping early childhood education by offering benefits in safety, communication, and learning outcomes.

• India's AI market is forecasted to reach $7.8 billion by 2025.

• The global AI in education market could be valued at around $20.54 billion by 2027.

• The integration of AI holds the promise of enabling every child to achieve their full potential and have a successful career.

Zepto's Strategic Membership Launch: A Leap Towards Market Dominance

• Zepto Pass Launch: A comprehensive membership program with monthly fees between Rs 149 to Rs 299, offering significant delivery and discount benefits.

• Exclusive Benefits: Free delivery on orders over Rs 99 and additional discounts on larger purchases, applicable also to Zepto Cafe orders.

• Strategic Impact: Positions Zepto competitively in the quick-commerce market, aiming for EBITDA profitability within two quarters despite initial financial impact.

• User Engagement and Growth: The pilot showed a 30% spending increase among Pass users, targeting 1 million subscribers in the first month from a 5 million user base.

Briefs, You Can’t Miss:

1.  Auto, Manufacturing, Life Sciences Industries Projected to Offer Premier Salary Hikes in 2024

2. NPCI International's Strategic MoU: Paving UPI's Way into European Markets.

3. Adani Group Strengthens Financials: Debt-to-EBITDA Ratio Falls to. 2.5x, Holds Rs 44,572 Cr in Cash.

4. Political Earnings Overview FY23: Rs 3,076-Cr for National Parties, BJP Dominates, AAP Soars 91%.

5. Ongoing Tech Industry Layoffs Hit Apple to Sony in February 2024, Reports Claim.

6. NHAI gives a one-month extension to FASTag users to comply with the KYC norms. Otherwise, Last date was 29th Feb.

World Briefs

1. India looks elsewhere for oil as US sanctions crimp Russia trade

2. US applications for jobless benefits rise but remain historically low. despite recent layoffs

AI Briefs

1. Karnataka signs LoI with World Economic Forum to set up centre for. AI

2. Tim Cook says Apple will ‘break new ground’ in GenAI this year

3. Morph Studio lets you make flims using Stability AI–generated clips