Govt Sanctions production of oxygen concentrators from Indeema Fibres

The production of oxygen concentrators from IIT Kanpur’s science incubator has been sanctioned by the Department of Science and Technology with the government’s support. Indeema Fibres Pvt Ltd along with Chemdist Membrane Systems Pvt Ltd will launch its first batch…

Govt Sanctions production of oxygen concentrators from Indeema Fibres

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The production of oxygen concentrators from IIT Kanpur’s science incubator has been sanctioned by the Department of Science and Technology with the government’s support. Indeema Fibres Pvt Ltd along with Chemdist Membrane Systems Pvt Ltd will launch its first batch of 5,500 oxygen concentrators by May 25.Bengaluru based electric vehicle startup Simple Energy will launch its first Electric scooter, named Mark2 on August 15, this year. The e scooter will be first launched in Bengaluru and then in Chennai and Hyderabad.
Ecommerce platform Amazon India has launched a free video streaming service. The service named miniTv is available on Amazon Shopping app. It is currently available for Android users and will be soon available for iOS and web users.American personal finance company NerdWallet Inc. has applied for an Initial Public offering and has submitted the paperwork to US regulators for the same. The company aims to go public before the end of 2021.Taiwanese technology company Foxconn will partner with American electric car startup Firsker to start manufacturing electric vehicles for American market in 2023. The companies will develop a technology in order to make electric vehicles more affordable.The Reserve Bank of India has advised lenders to sever ties with cryptocurrency exchanges and traders informally. The Supreme Court however, has allowed the banks to work in the industry. Shwaas, a portable medical oxygen concentrator has been developed by the Indian Space Research Organisation. The oxygen concentrator can support patients with respiratory illness or who are on oxygen therapy by delivering an enriched level of oxygen than in air.
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