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<ul class="summary-list"><li>ALI Technologies, the maker of the XTURISMO bike, is mulling a stock market listing, per Bloomberg. </li><li>The company began accepting pre-orders for its XTURISMO in October.</li></ul>The Japanese startup behind a $777,000 flying <keyword id="13583342" type="UNKNOWN" weightage="60" keywordseo="motorbike" source="Orion">motorbike</keyword> is planning to float on the stock exchange through an IPO to raise further funds, according to <a href="https://www.bloomberg.com/news/articles/2022-04-08/maker-of-777-000-flying-motorbike-prepares-for-ipo-in-japan?srnd=technology-vp&amp;sref=lAVQtUwz">Bloomberg</a>.Daisuke Katano, the CEO of Tokyo-based ALI Technologies, which designed the bike, named XTURISMO, told Bloomberg that the company was planning to list the company on the Mothers market for startups.Katano also said the company was in negotiations to float on the Tokyo Stock Exchange but declined to provide a timeframe or potential target valuation for an IPO. The 300-kilogram XTURISMO bike, which according to the company's <a href="https://www.xturismo.com/?lang=en">website</a> has a top speed of 80 kilometres per hour with a travel range of up to 40 minutes, <a href="https://www.businessinsider.com/hover-bike-ali-technologies-xturismo-japanese-start-hoverbike-tech-2021-10">launched</a> for pre-orders in October last year, Insider's Grace Dean reported. In January, the Robb Report <a href="https://robbreport.com/motors/aviation/hoverbike-lifts-off-with-228-hp-engine-designed-for-motorcycle-racing-1234658917/">reported</a> that the company had begun taking deposits for the bike, which can reach a height of 2 metres (6.6 feet) in three seconds. The vehicle made headlines in <keyword id="6355311" type="UNKNOWN" weightage="60" keywordseo="japan" source="Orion">Japan</keyword> in March when it featured in the opening ceremony of a baseball match in Hokkaido. Katano told Bloomberg the vehicles were garnering interest in the Middle East, where the desert terrain complemented the hovering nature of the bikes. The bikes are intended to hover rather than fly at altitude."The vehicle will enable people to travel where roads are bad and inaccessible to cars, as well as across bodies of water," he said. The XTURISMO is the latest in a line of startups racing to develop flying automobiles. The tech platform Tracxn <a href="https://tracxn.com/explore/Flying-Cars-Startups-in-United-States">estimates</a> there are 37 <keyword id="13583343" type="UNKNOWN" weightage="60" keywordseo="flying-car" source="Orion">flying car</keyword> companies based in the US.A <a href="https://www.fortunebusinessinsights.com/flying-cars-market-105378">report</a> published by Fortune Business Insights projects that the global flying car market will grow from $225 million in 2022 to $1.5 trillion by 2040. A collection of those mobility companies are already listed on the New York Stock Exchange, including air taxi group Joby, which is valued at $3 billion.

The Japanese company behind a $777,000 flying motorbike is planning to go public, reports say

Chip-maker <keyword id="28115" type="General" weightage="100" keywordseo="intel" source="Orion">Intel</keyword> has reportedly confirmed that its 'Alder Lake BIOS' source code has been leaked by a third-party on the anonymous imageboard website <keyword id="593135" type="General" weightage="20" keywordseo="4chan" source="Orion">4chan</keyword> and Microsoft-owned open source developer platform <keyword id="1505863" type="General" weightage="20" keywordseo="github" source="Orion">Github</keyword>, in a 6GB file containing tools and code for building and optimising 'BIOS/UEFI' images. The working of the 'BIOS/UEFI' code of the computer is to initialise the hardware before the operating system has loaded, reports Tom's Hardware website. The company said in a statement that "Our proprietary UEFI code appears to have been leaked by a third party". "We do not believe this exposes any new security vulnerabilities as we do not rely on obfuscation of information as a security measure. This code is covered under our bug bounty programme within the <keyword id="15214118" type="General" weightage="50" keywordseo="project-circuit-breaker" source="Orion">Project Circuit Breaker</keyword> campaign, and we encourage any researchers who may identify potential vulnerabilities to bring them to our attention through this programme," a company spokesperson was quoted as saying. Intel said it is reaching out to both customers and the security research community to keep them informed of this situation. Meanwhile, Intel was yet to confirm who leaked the code. Also, Intel said there shouldn't be any security-related issues as it doesn't "rely on obfuscation of information as a security measure". Moreover, Intel in its 'Project Circuit Breaker' bug bounty programme, encourages researchers to submit any vulnerabilities they find, which will award them an amount between $500 to $100,000 per bug, depending on the reported issue's severity. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/tracxn-technologies-ipo-10-things-to-know-about-this-company-as-its-ipo-opens/slidelist/94760583.cms">Tracxn Technologies IPO — 10 things to know about this company as its IPO opens</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/mobile/news/samsung-galaxy-s23-is-expected-to-feature-a-3900mah-battery-a-small-upgrade-over-its-predecessor/articleshow/94760714.cms">Samsung Galaxy S23 is expected to feature a 3,900mAh battery, a small upgrade over its predecessor</a>

Intel's proprietary source code leaked, company confirms

The rupee slipped 19 paise to 82.38 against the US dollar in early trade on Monday as persistent foreign funds outflows and weak domestic equities weighed on investor sentiments. At the interbank foreign exchange, the domestic unit opened lower at 82.33 against the dollar, then lost further ground to quote at 82.38, registering a fall of 19 paise over its previous close. In initial deals, the rupee was moving in a close range of 82.38-82.33 against the American currency. In the previous session on Friday, the rupee had settled at 82.19 against the greenback. The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.27 per cent to 113.01. Brent crude futures, the global oil benchmark, rose 0.59 per cent to USD 92.17 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 100.41 points or 0.17 per cent lower at 57,819.56, and the broader <keyword id="372424" type="General" weightage="80" keywordseo="nse-nifty" source="Orion">NSE Nifty</keyword> slipped 33.95 points or 0.20 per cent to 17,151.75. Foreign Institutional Investors (FIIs) were net sellers in the capital markets as they offloaded shares worth Rs 1,011.23 crore on Friday, according to exchange data. FIIs have pulled out nearly Rs 7,500 crore from the Indian equity markets in the first two weeks of October on concerns of monetary policy tightening by the <keyword id="6356435" type="General" weightage="80" keywordseo="us-federal-reserve" source="Orion">US Federal Reserve</keyword> and other central banks globally, which could hamper global economic growth. Meanwhile, <keyword id="25455" type="General" weightage="80" keywordseo="finance" source="Orion">Finance</keyword> Minister <keyword id="129243" type="General" weightage="80" keywordseo="nirmala-sitharaman" source="Orion">Nirmala Sitharaman</keyword> has said that the rupee has not weakened, but it is the dollar that has strengthened, as she defended the 8 per cent slide in the value of the Indian currency against the greenback this year. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/recession-fears-drag-down-markets-sensex-down-219-points-nifty-by-55-points/articleshow/94907489.cms">Recession fears drag down markets; Sensex down 219 points, Nifty by 55 points</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/tracxn-technologies-ipo-heres-how-you-can-check-the-allotment-status/articleshow/94915149.cms">Tracxn Technologies IPO: Here’s how you can check the allotment status</a>

Rupee falls 19 paise to 82.38/USD as foreign outflows weight on investor sentiment

The school-to-work transition process is still facing major hurdles in India and a lack of coordinated efforts has resulted in an isolated skilling system that has not been able to achieve its maximum potential, a World Economic Forum (WEF) report stated. The report titled Education 4.0 Report', on how digital and other technologies can address learning gaps and make education accessible to all, has been launched as part of WEF's Education 4.0 India initiative. "India has more than 60 million secondary and higher secondary students, but 85 per cent of schools are yet to implement vocational courses as part of their curriculum, it said.School-to-work (S2W) transition refers to the process of making students job-ready in a rapidly evolving employment landscape. The report said, The S2W transition process is still facing major hurdles such as lack of trainers, inadequate resources and infrastructure, poor integration with the mainstream school curriculum, and poor linkages between localized skill gaps and vocational courses." "A lack of coordinated efforts has resulted in an isolated skilling ecosystem that has not been able to achieve its maximum potential," it said. The report noted that many students and parents consider vocational education to be the second-best option to mainstream education. "Employers expect students to have a high degree of competencies, skills and knowledge relevant to their work. They also prefer strong communication skills, teamwork, and problem-solving and critical-thinking abilities, it stated.According to the report, at present, school pedagogy is designed with no reference to industry needs, since there are no formal channels for industry participation. "Further, credits cannot be transferred between formal and informal education streams, so students who want to pursue higher education after vocational courses (or vice-versa) face difficulty in linking their credits. This discourages mobility between the two streams," it said.Enhancing opportunities for career awareness and exposure through internships and apprenticeships' allowing credit transferability to enable students to transfer between formal and informal channels of education and training and providing experiential learning for holistic development through STEM-based courses, language learning and life-skills coaching, are among the recommendations made in the report. The Education 4.0 India initiative was launched in May 2020 and has convened over 40 partners from the education technology, government, academic and start-up communities. The report is the result of a collaboration between the World Economic Forum, the United Nations Children's Education Fund (<keyword id="56000" type="General" weightage="20" keywordseo="unicef" source="Orion">UNICEF</keyword>) and YuWaah (Generation Unlimited India). It tracks the progress and findings of the Education 4.0 India initiative, which focuses on how the fourth industrial revolution technologies can enhance learning and reduce inequalities in access to education among children in India. The report also explores challenges and identifies solutions that can be realised as scalable interventions to enable India's youth to participate in the evolving workspace." The COVID-19 pandemic has widened the gaps in learning outcomes among school children in India. These gaps have been magnified for children, particularly from disenfranchised and vulnerable families who face innumerable socio-economic issues that also have been worsened by the pandemic," said Jeremy Jurgens, Managing Director of the World Economic Forum. "Through the Education 4.0 India initiative, the Forum, together with UNICEF India and YuWaah, aims to offer insights and recommendations that transcend the education landscape in India and can achieve global impact. This is the first partnership for the Forum and UNICEF at the country level," Jurgens added. The report also provides a framework for the development of scalable pilots that can be implemented by state governments and ecosystem partners. This includes best practices that can augment the existing education ecosystem and be useful for a wide range of stakeholders. The report identifies gaps in foundational literacy and numeracy, teacher professional development, school-to-work transition and connecting the unconnected and suggests solutions with five common building blocks curriculum, content, capacity, community and digital infrastructure. <a class="c-link c-timestamp" href="https://timesbridge.slack.com/archives/D03ELEB8TJA/p1665146009166099"></a> SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/tracxn-technologies-ipo-analyst-cautious-due-to-losses-and-investor-exits/articleshow/94708410.cms">Tracxn Technologies IPO: Analyst cautious due to losses and investor exits</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/banks/news/banks-to-reap-rewards-of-interest-rate-hikes-in-q2-earnings/articleshow/94706875.cms">Banks to reap rewards of interest rate hikes in Q2 earnings</a>

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The Japanese company behind a $777,000 flying motorbike is planning to go public, reports say

Ryan Hogg

Intel's proprietary source code leaked, company confirms

IANS

Rupee falls 19 paise to 82.38/USD as foreign outflows weight on investor sentiment

PTI

85% Indian schools don't have vocational courses as part of their curriculum: WEF

PTI

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