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SCIENCE & TECHNOLOGY - August 2024

Aug 2024

Aug 01, 2024

Thales, Garuda Join Hands to Build Secure Drone Operations in India

  • Aerospace industry leaders Thales and Garuda Aerospace announced a collaboration to promote the development of the drone ecosystem in India.
  • As part of the agreement, Thales will provide expertise in the field of unmanned traffic management (UTM) solutions, UAV detection and system integration, while Garuda will bring its skills in the manufacture and use of UAVs, as well as its expertise in the Indian market.
  • Established in 2015, Garuda Aerospace has a vast fleet of over 2,500 drones and 4,000 pilots across 400 districts.
  • This collaboration aims to foster innovation and advance the development of technological solutions that can enable safe and secure drone operations and help the growth of drone-based applications in the country.

SEBI Launches AI Chatbot 'SEVA' for Investors

  • The Securities and Exchange Board of India (SEBI) introduced 'SEVA,' an AI-powered chatbot designed to assist investors with a range of functions. This initiative aims to enhance investor experience and accessibility to crucial market information.
  • SEVA provides investors with essential details about the securities market, including the latest master circulars.
  • The chatbot offers guidance on the grievance redressal process, helping users navigate their concerns and complaints.
  • SEVA includes speech-to-text and text-to-speech functionalities, catering to users with varying accessibility needs. Additionally, it supports follow-up questions to refine responses and improve user engagement.
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