Video platform Trupeer AI raises $3 million by RTP Global, others
With just one raw screen recording, Trupeer's platform creates videos with AI voice-overs, scripts, animations, and customisable branding, which then can be used by firms for internal training, customer adoption, sales demos, product marketing, and customer education. The company will use the fresh funds to scale the product globally and for business development and marketing initiatives.
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Indian Express
40 minutes ago
- Indian Express
Tata Sons sets up RS 500 crore AI-171 Memorial Trust for Air India crash victims
Tata Sons has formally set up a public charitable trust — The AI-171 Memorial and Welfare Trust — to support the victims and families affected by the tragic Air India AI-171 Dreamliner crash in Ahmedabad. The group has pledged a total of Rs 500 crore towards the trust, with Tata Sons and Tata Trusts, headed by Noel Tata, contributing Rs 250 crore each. The trust will provide financial and rehabilitation support, including a Rs 1 crore ex-gratia payment to the families of the deceased, medical assistance to those seriously injured, and aid for rebuilding the B.J. Medical College hostel, which was damaged during the crash. The horrific incident, which occurred on June 12, claimed the lives of 241 out of the 242 passengers on board, as well as several individuals on the ground. 'The Trust will be funded and will commence its work in all earnestness after necessary registration with the tax authorities and other operational formalities, currently underway, are completed,' it said in a statement. The Trust will provide both immediate and continuing support to the dependents/next-of-kin of the deceased, to those who were injured, and to all others who are directly or collaterally affected by the accident. Importantly, the trust will also extend support to first responders, medical teams, disaster relief workers, and government personnel who played key roles in the rescue and recovery operations following the crash. This includes assistance to address trauma, mental health challenges, and other distress these individuals may have experienced in the course of their service. The AI-171 Trust has been formally registered in Mumbai and will be governed by a five-member board. The first two trustees named are S. Padmanabhan, a long-serving Tata Group veteran, and Sidharth Sharma, General Counsel at Tata Sons. The remaining trustees will be appointed shortly. Commenting shortly after the tragedy, Tata Sons Chairman N. Chandrasekaran, who also chairs Air India, had spoken of the need for long-term care beyond financial help. 'There are structures we want to put in place. One of the things we've been thinking about is creating a trust — something sustainable that can support affected families,' he said. Meanwhile, Air India CEO Campbell Wilson has stated that the preliminary findings into the AI-171 crash have opened up more questions than answers, indicating that the investigation remains ongoing and complex. The AI-171 Trust represents a significant and compassionate effort by the Tata Group to support recovery and rebuild lives after one of India's worst aviation disasters.
Mint
an hour ago
- Mint
Air India Plane Crash: Tata Sons sets up ‘AI-171 Memorial and Welfare Trust', pledges ₹500 crore for victims
Tata Sons established the AI-171 Memorial and Welfare Trust in Mumbai, dedicated to supporting victims of the tragic Air India flight crash. The Trust will aid dependents and first responders of the incident, with Tata Sons and Tata Trusts pledging ₹ 500 crores for medical treatment and infrastructure rebuilding. 'Tata Sons today formalised and completed the registration of a public charitable trust in Mumbai. The Trust will be called 'The AI-171 Memorial and Welfare Trust', dedicated to the victims of the unfortunate accident of Air India flight AI-171 in Ahmedabad,' the company said in a statement. The newly formed trust aims to support the dependents and relatives of the deceased, injured individuals, and others who are 'directly or collaterally' impacted by the accident. Additionally, the trust aims to provide aid and assistance to alleviate any distress experienced by first responders, medical and disaster relief professionals, social workers, and government staff who offered services following the accident. The Trust will be administered and managed by a 5-member Board of Trustees. The first two trustees appointed are S Padmanabhan, a former Tata veteran, and Sidharth Sharma, Tata Sons' General Counsel. The other two members will be appointed later, the company informed. Out of the total ₹ 500 crore pledged for the Air India crash victims, Tata Sons and Tata Trusts will contribute ₹ 250 crores. These funds will be aimed towards the philanthropic objectives of the Trust, including an ex gratia payment of ₹ 1 crore that will be provided to the families of the deceased, medical treatment for those with serious injuries, and support for rebuilding the damaged B J Medical College Hostel infrastructure. On Thursday, June 12, 2025, a Tata Group-run Air India plane, carrying 242 people, crashed shortly after takeoff in the Meghani Nagar area of Ahmedabad at around 1:40 pm, killing 241 people on board.
Time of India
2 hours ago
- Time of India
Rare earth minerals drive: BatX and Rocklink to build India's first magnet recycling hub, EU-India tech push backs venture
Battery recycling firm BatX Energies on Friday announced a strategic partnership with Germany's Rocklink GmbH to establish India's first fully integrated rare earth magnet recycling and refining ecosystem, marking a key development under the EU-India Trade and Technology Council initiative. The companies said in a joint statement that the partnership will focus on building a sustainable critical mineral value chain between Europe and India, starting with the commissioning of a rare earth refining facility compliant with zero-liquid-discharge (ZLD) norms and global export standards, PTI reported. The alliance will co-develop and commercialise advanced solvent extraction (SX) technologies for separating and purifying high-value rare earth elements. They also plan to jointly file patents for these technologies in India and Europe, creating a shared intellectual property base. 'This partnership marks a defining moment in India's journey toward rare earth self-reliance,' said Utkarsh Singh, CEO of BatX Energies. Leonard Ansorge, Director at Rocklink GmbH, added: 'Our alliance with BatX brings together our materials and refining expertise with BatX's innovative and practical approaches on refining to deliver tangible results in short development cycles.' The project is expected to boost India's domestic rare earth supply capabilities while supporting Europe's access to circular and sustainable sources of critical raw materials. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
