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National Technology Day Of India, May 11

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National Technology Day Of India,Startup Stories,Startup News India,2018 Technology News,National Technology Day 2018,Interesting Stories About National Technology Day,Technology Transactions,Technology Day,National Technology Day on 11th May,Featured,Prime Minister Narendra Modi

Every year May 11th is celebrated as the National Technology Day in India. This day commemorates the anniversary of the Pokhran nuclear tests of 1998. Prime Minister of India, Narendra Modi hailed the courage shown by the then prime minister Atal Bihari Vajpayee.  

Modi tweeted “Greetings to everyone, especially our industrious scientists and those passionate about technology, on National Technology Day,”

We remain grateful to our scientists & the then political leadership for the courage shown in Pokhran in 1998,” he added.

One of the major reasons why this day is important in India is because on May 11, 1998, India successfully conducted nuclear explosion tests in Pokhran (Rajasthan) to showcase its defence skills. The operation was led by aerospace engineer and the late President of India, Dr. A.P.J. Abdul Kalam. The tests at Pokhran, comprised of five detonations. The first was a fusion bomb while the other four were fission bombs. Alongside, two fission bombs were detonated on 13th of May, 1998. These nuclear tests evolved various sanctions against India by many major states including the United States and Japan. The Government of India run by Atal Bihari Vajpayee congregated a press conference for the declaration of India as a full fledged nuclear state. Various names were attributed for these tests with the original name as ‘’Operation Shakti-98,” while the five nuclear devices were classified Shakti I through Shakti V.

Apart from the nuclear tests, the country’s first native aircraft Hansa-3 also commenced flight in Bengaluru, India. It was designed exclusively by the National Aerospace Laboratory. The native aircraft was a two seater that focused on surveillance, pilot training, aerial photography and other uses. Beside these two, the surface to air missile, Trishul holds an important role in making the day even more special. Post the tests, the missile was inducted in to the Indian Army and the Air Force. Trishul also became of part of the Integrated Guided Missile Development Programme of India.

The Indian Government is promoting technology incubators and other various research centres all over the globe. India’s space business also is to witness tremendous growth in the next five years on the back of technology advancement, global space business and a sharp rise in the Indian Space Research Organisation’s (ISRO) satellite launch capability.

The key objective of this day is to promote the advancements in technology in various fields across the country.

Currently, India ranks third among the most attractive investment destinations for technology transactions in the world.

 

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Setu Builds Fintech Powerhouse Leadership Team as Pine Labs IPO Nears

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Pine Labs

Setu, the API infrastructure platform and subsidiary of Pine Labs, has significantly strengthened its leadership by appointing Prashanth Nimmagada (ex-Razorpay) as Chief Technology Officer, signaling its commitment to innovation in India’s dynamic fintech landscape. Alongside Nimmagada, Setu has welcomed other top industry talent: Vijeth Pandit (ex-Razorpay) as Chief Product Officer, Ramkumar Thirumurthi (ex-Razorpay, co-founder Actyv.ai) as Chief Revenue Officer, Nikhil Ratanpal (ex-PhonePe) as Director of Product Development, and Santosh Subramanian (ex-Yes Bank, Wibmo) as Head of Finance. These high-profile hires accompany Anand Raisinghani’s (ex-SAP India) appointment as CEO, underscoring Setu’s focus on building a strong, experienced leadership bench to drive future growth.

Setu specializes in providing API-based digital financial infrastructure for services such as UPI, bill payments, KYC, and digital signatures, while also operating as an RBI-licensed NBFC Account Aggregator. With this expanded leadership team—drawn from India’s leading fintechs—Setu is well-positioned to accelerate the development of scalable, API-driven financial solutions for banks, fintechs, and enterprises. The influx of expertise from Razorpay and PhonePe veterans will bolster Setu’s technical capabilities and strategic partnerships, ensuring it remains a key enabler in India’s rapidly maturing digital public infrastructure ecosystem.

This leadership overhaul comes as parent company Pine Labs prepares for a major IPO, aiming to raise ₹2,600 crore through a fresh share issue after turning profitable in FY25. Setu’s enhanced leadership reinforces the broader group’s ambitions for international expansion, technological innovation, and financial performance. As Setu solidifies its role at the forefront of India’s fintech evolution, the company is poised to deliver advanced financial infrastructure solutions that support the country’s growing digital economy and drive Pine Labs’ strategic momentum.

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Sundar Pichai Reaches Billionaire Milestone as Alphabet CEO

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Sundar Pichai, the visionary CEO of Alphabet Inc., has officially entered the ranks of global billionaires, accomplishing this rare feat after a decade at the helm of one of the world’s most influential tech giants. Pichai’s net worth hit $1.1 billion—according to the Bloomberg Billionaires Index—fueled by Alphabet’s incredible market performance and the company’s growth of more than $1 trillion in value since early 2023. Achieving billionaire status without being a founding member sets Pichai apart, highlighting his significant impact among non-founder tech leaders.

Born in Tamil Nadu, India, Pichai’s success story is rooted in humble beginnings. He spent his childhood in a modest two-room apartment, only gaining access to a telephone at age 12. A scholarship took him to Stanford University in 1993, with his family making great sacrifices for his education. After joining Google in 2004, Pichai played a pivotal role in the development of Chrome and rose steadily, ultimately becoming CEO in 2015. His leadership through Alphabet’s restructuring and his stewardship over high-growth areas like YouTube, Google Cloud, and Google Play have been critical to the company’s success.

During his tenure, Pichai has championed aggressive investments in artificial intelligence and cloud infrastructure, positioning Alphabet at the forefront of technological innovation. While his annual salary sits at $2 million, the majority of his fortune stems from stock awards and financial incentives tied to performance. Pichai’s journey exemplifies the rise from modest beginnings to extraordinary success, serving as an inspiration and proving that transformative leadership and strategic vision can redefine what’s possible—even without a founder’s equity stake.

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IIT Hyderabad Unveils Palyanka, Heavy-Lift Drone for Air Ambulance Use

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Hyderabad - Drone

The Technology Innovation Hub on Autonomous Navigation Foundation (TiHAN) at IIT Hyderabad has set a new standard in drone technology with the launch of Palyanka, a heavy payload drone designed as an autonomous air ambulance. Capable of carrying up to 200 kg, Palyanka is engineered to swiftly transport patients, medical equipment, or critical cargo across challenging terrains, bypassing traditional barriers like road congestion and remote inaccessibility. This advanced UAV operates autonomously, making it highly effective for rapid response in both urban and rural emergencies, and stands at the forefront of disaster relief operations in scenarios such as floods and fires.

Built for versatility, Palyanka doesn’t just function as an air ambulance. Its robust design enables use in rescue missions, cargo deliveries, and even as an air taxi for metropolitan connectivity. Inspired by the Sanskrit word for palanquin, the name “Palyanka” reflects the drone’s role as a safe and efficient carrier. All components, from conceptual design to IP, have been developed in-house at IIT Hyderabad, ensuring the drone meets stringent standards for durability and performance under extreme conditions.

With a development journey spanning over five years and led by Prof. P. Rajalakshmi, TiHAN’s team has transitioned from early drone prototypes to a full-scale, high-capacity solution like Palyanka. The team is now preparing pilot projects in hilly terrains and working on further enhancing the drone’s endurance with innovative heat-resistant materials. By pioneering such indigenous solutions, IIT Hyderabad’s TiHAN is transforming emergency medical services and logistics, marking a pivotal advancement in India’s urban mobility and public safety landscape.

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