Investors powering on robotics startups
Robotics startups in India raised $117 million in 2024 across 41 deals, compared with $54 million in 2023 and $28.8 million in 2022, according to data sourced from market intelligence platform Tracxn. This mirrors the global funding landscape, where robotics startups saw $18.6 billion in funding in 2024, a 116% increase from $8.6 billion in 2023, as per the 2025 State of Robotics report from F-Prime Capital.
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Time of India
2 hours ago
- Time of India
15 million Americans just got bad news - Judge reverses rule that would've wiped medical debt from credit reports
A ruling of a federal judge in Texas has dealt a setback to almost 15 million Americans hoping for relief from medical debt on their credit reports, as per a Denver7 report. Judge Overturns Biden-Era Rule on Medical Debt Reporting The judge overturned the Biden administration rule on Friday that had permitted medical debt to be wiped from credit reports, as reported by The Hill. Federal Court Says Agency Lacked Authority for Rule US District Judge Sean Jordan, who is a 2019 appointee of US president Donald Trump during his first term in office, said the rule by the previous administration is beyond the authority of the Consumer Financial Protection Bureau (CFPB) to remove medical debt from reports, according to the report. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Here's The Estimated Cost of a 1-day Walk-in Shower Upgrade Homebuddy Learn More The CFPB, an independent agency, had finalised the rule in January, just before the former US president Joe Biden was set to leave the White House, as reported by The Hill. ALSO READ: Fire in the sky! Israeli F-15 nearly touches down in Tehran after mid-air emergency Live Events Jordan highlighted in his decision that the Fair Credit Reporting Act , which was amended in 2003, does not allow the CFPB to remove medical debt from reports, as reported by The Hill. However, according to the judge, the bureau can 'permit' or encourage creditors to use other categories of information, as per the report. The head of the Consumer Data Industry Association, Dan Smith, supported the court's decision, saying, 'This is the right outcome for protecting the integrity of the system,' as quoted in a Reuters report. Millions Affected by Reversal of CFPB Credit Reform The Biden administration had calculated that this move would remove about $50 billion of medical debt from the credit reports of nearly 15 million Americans, according to the report. The independent agency had also estimated that the new credit reporting rules would lead to an additional 22,000 mortgages every year and increase Americans' credit scores by an average of 20 points, as reported by Denver7. ALSO READ: Musk shocks xAI team with mandatory surveillance app, asks employees to download tracking app on all devices Broader Trump-Era Efforts to Limit Federal Agencies This comes after Trump tried to conduct mass layoffs in the consumer protection agency as his Department of Government Efficiency team was trying to remove 'waste, fraud and abuse' within the federal government, according to The Hill report. However, a federal judge did not allow the Trump administration from effectively dismantle the CFPB in March, as per the report. New Spending Bill Adds Pressure with Medicaid Cuts While Jordan's decision followed a week after the US president signed a massive spending and tax bill that includes sweeping cuts to Medicaid, and the new work requirements included in the law could strip millions of their coverage, as reported by The Hill. FAQs What happened with medical debt and credit reports? A Texas judge overturned a rule that would have removed medical debt from credit reports, affecting millions of Americans, as per the report. Who made the rule? The Consumer Financial Protection Bureau (CFPB) introduced the rule in January, near the end of Biden's presidency, as per the report.
Economic Times
2 hours ago
- Economic Times
Coping with loss
The recent events, including wars, terrorist attacks, accidents and stampedes, bring home the point that life is like a flicker of a candle that may be blown out at any time. It is painful to watch the death of dear elderly relatives. Sudden deaths that come without warning or through terminal illnesses are heartbreaking for those left behind. Grief is sharply felt when pet animals die. It is said that a parent's sorrow for a child's loss continues ad mention King Chitraketu, who, after many years of childlessness, performs a sacred yajna to beget a son. However, the child is poisoned by his jealous stepmother. Chitraketu becomes inconsolable and bemoans his terrible fate when sage Narad, along with sage Angirasa, summons the child's soul to soothe his father. The king is speechless when the spirit soul questions the rishi, to whom the sage is referring, as it has had numerous parents in its multiple lives. The king realises that the soul is infinite while the body is for a predetermined period as per karmic deserts, and he retires into penance. The Ishopanishad says, for one who realises that life is the journey of souls that are connected, although each is different, there is no cause for attachment or sorrow. One can only strive for realisation, especially in times of distress. (Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. The 10-second mystery: Did the Air India crash report hide more than what it revealed? Can Indian IT's 'pyramid' survive the GenAI shake-up? Zee promoters have a new challenge to navigate. And it's not about funding or Sebi probe. The deluge that's cooling oil prices despite the Iran conflict Stock Radar: Natco Pharma stock showing signs of momentum after falling over 30% from highs – what should investors do? In mid-caps, 'just hold' often creates wealth: 10 mid-cap stocks from different sectors with upside potential up to 44% F&O Talk | Foreign outflows, IT drag pull nifty lower; next support at 24,500: Rahul Ghose How to use dividend yield in volatile times: 6 stocks where this strategy has a high chance of giving much better returns
Time of India
3 hours ago
- Time of India
Australia fires first HIMARS long-range rocket in war game with US and allies
Australia's army fired for the first time on Monday (July 14) a truck-mounted long range rocket system that has become a priority for U.S. allies in the Indo-Pacific, alongside U.S. and Singapore forces firing the same system in joint war trucks with HIMARS - High Mobility Artillery Rocket Systems that can reach 400 km (250 miles) - are in high demand in the Ukraine conflict and are also being acquired by U.S. allies in the Indo-Pacific, including Australia, which is reshaping its forces to respond to China's military the first day of Australia's largest war games, "Talisman Sabre", the U.S., Australia, Japan, France, South Korea and Singapore held a live-fire exercise in northern Queensland involving U.S. F-35B fighter jets and land-based long-range strike rockets and to 40,000 troops from 19 nations are taking part in Talisman Sabre, across thousands of kilometres from Australia's Indian Ocean territory of Christmas Island to the Coral Sea on Australia's east coast.► Subscribe to ET Digital for the latest video updates. It's free! - Show more Show less
