Author: News Desk

Air India has approached the Indian government requesting financial assistance to counter expected losses of nearly $600 million if the current ban on flying through Pakistan’s airspace continues for a year. In a letter dated April 27 to the Civil Aviation Ministry, the airline proposed a “subsidy model” to offset the impact, estimating an annual loss of over $591 million from rerouted international operations. Reason Behind the Ban and Airline Impact The airspace ban follows Pakistan’s retaliatory move after a deadly terror attack on tourists in Kashmir’s Pahalgam. The restriction has forced Indian airlines to reroute flights, leading to higher…

Adani Ports and Special Economic Zone (APSEZ) posted a record net profit of ₹11,061 crore for the financial year 2024–25, marking a 37% year-on-year increase. For the January–March 2025 quarter alone, net profit rose 50% to ₹3,023 crore, up from ₹2,015 crore during the same period last year. Strong Revenue Growth The company recorded a 16% rise in annual revenue from operations, reaching ₹31,079 crore, compared to ₹26,711 crore in FY24. In the March quarter, revenue stood at ₹8,488 crore, reflecting a 23% increase from ₹6,897 crore in the corresponding quarter of the previous year. Record Cargo Handling APSEZ achieved…

May 2, 2025, will be remembered as a landmark in India’s maritime history. On this day, Vizhinjam International Seaport in Kerala was officially commissioned, becoming the country’s first semi-automated deep-sea transshipment port. Natural Depth Gives Vizhinjam a Strategic AdvantageUnlike other Indian ports that require dredging, Vizhinjam has a natural depth of 20 meters. This allows the world’s largest cargo ships to dock directly. The port is located just 10 nautical miles from a major international shipping lane, making it an ideal stopover with minimal deviation. Faster Turnaround with AutomationVizhinjam is equipped with automated cranes that can quickly transfer containers from…

Rekha Jhunjhunwala, the second richest woman in India, is known for her strategic moves in both wealth and lifestyle. She lives in a 14-story mansion on Mumbai’s Malabar Hill, overlooking the Arabian Sea. When a building next door threatened her view, Rekha bought the entire building to ensure nothing blocked her view of the sunset. This move reflects her unique approach to wealth and luxury. RARE Villa: Her Luxury Home Rekha’s home, RARE Villa, was once a regular apartment building called Ridgeway Apartments. Between 2013 and 2017, her late husband, Rakesh Jhunjhunwala, bought the property for Rs 370 crore and…

The Reserve Bank of India (RBI) has significantly increased its gold purchases in recent years. In FY 2024-25 alone, it bought 57.5 tonnes, marking the second-highest annual acquisition since 2017. India’s total gold reserves have now reached 880 tonnes, up from 653 tonnes in FY20—a 35% rise in five years. India Among Top Gold Reserve HoldersIndia, currently the world’s fifth-largest economy, now ranks seventh globally in terms of gold reserves. In 2015, it was tenth. As of the end of 2024, gold accounts for 11.35% of India’s total foreign exchange reserves, up from 6.86% in 2021. Why RBI Is Focusing…

Trisha Krishnan is a well-known actress in the Tamil and Telugu film industries, captivating audiences with her charm and talent for over 20 years. She has built a successful career, becoming one of India’s most popular and highest-paid actresses. Trisha’s life is as glamorous as her career, and she enjoys a luxurious lifestyle with a remarkable net worth. Trisha’s Early Career and Rise to Fame Trisha started her film career in 1999 with the movie Jodi, but it was her role in Varsham (2004) alongside Prabhas that brought her fame. After the success of Varsham, she became a sought-after actress,…

SiriNor, a deeptech aerospace startup based in India and Norway, has successfully completed the ground test of its all-electric jet engine in Pune. This marks an important step towards cleaner aviation. Test Results and Technology Achievement The engine passed NASA’s Technology Readiness Level 6 (TRL-6) test, showing it can perform well for commercial use. It exceeded expectations by reaching over 40,000 RPM and producing 10 kgf of thrust, proving its potential for real-world applications. Target Market and Future Plans SiriNor aims to enter the growing jet engine market, which is expected to be worth over USD 100 billion by 2030.…

Amul is set to diversify its product range by entering the organic tea, sugar, and spices market. This expansion marks a significant step beyond its traditional dairy business as the company strives to position itself as a full-scale FMCG giant. The move is part of Amul’s broader strategy to tap into new markets and strengthen its presence in the fast-moving consumer goods sector. Strategic Expansion and Revenue Goals In FY25, Amul’s revenue reached ₹66,000 crore, making it the largest FMCG company in India, surpassing its multinational competitors by 10%. Building on this success, Amul is aiming for a ₹1 lakh…

Meta CEO Mark Zuckerberg has shared that in the next 12 to 18 months, AI will handle most of the coding for Meta’s Llama project. While AI is already good at tasks like autocompleting code, Zuckerberg believes it will soon be able to run tests, detect bugs, and write high-quality code on its own, surpassing even top human developers. AI Fully Integrated into Meta’s Workflow Zuckerberg explained that AI is fully integrated into Meta’s toolchain, with the company developing specialized coding and research agents to help with Llama. These AI tools are being created to serve Meta’s specific needs, not…

India’s rich culinary heritage has given rise to some of the world’s most celebrated chefs. These chefs have made a significant impact both in India and internationally, revolutionizing the global food scene while building vast fortunes. Here’s a look at the seven richest celebrity chefs in India, ranked according to their net worth. Sanjeev Kapoor – Rs 1165 Crore Sanjeev Kapoor is perhaps the most iconic name in Indian cuisine. Known for his hit TV show Khana Khazana, the longest-running cooking show in Asia, Kapoor’s legacy extends far beyond television. He has authored over 150 cookbooks, built a successful restaurant empire,…