Author: News Desk
India’s banking sector is gradually reducing its reliance on ATMs and cash recyclers, even as cash circulation reaches record highs. This shift comes as a result of the growing adoption of digital payments, especially UPI, and an increased focus on digital transformation within the banking industry. Digital Transformation and the Decline of ATMs A report from Economic Times reveals that while cash remains integral to India’s economy, the number of ATMs has declined significantly. From September 2023 to September 2024, the number of ATMs decreased from 219,000 to 215,000. This decline is mainly attributed to the reduction in off-site ATMs, which fell from 97,072…
Deepika Padukone continues to make headlines not just for her performances but also for her impressive real estate investments. Recently, the Bollywood superstar purchased a lavish apartment in Mumbai, adding to her collection of ultra-expensive properties that showcase her taste for luxury and strategic investments. New Addition to Her Portfolio Following the birth of her first child in September 2024, Deepika Padukone and her husband, Ranveer Singh, made a significant investment by acquiring a luxurious 1,845-square-foot apartment in Bandra, Mumbai. Located on the 15th floor of the Sagar Resham Co-operative Housing Society and adjacent to her mother-in-law’s leased residence, this…
Indian cricketer Shreyas Iyer, known for his exceptional performances on the field, also lives a life of luxury off the pitch. His stunning Rs 12 crore apartment in Mumbai’s Lodha Crest World Towers has captured attention for its opulence and state-of-the-art design. Here’s a glimpse into his magnificent home. A Spacious Abode Shreyas Iyer’s apartment spans a generous 2,618 square feet. It houses his family, including his parents and sister. The cricketer often shares moments from his personal life on Instagram, especially featuring his close bond with his sister. The Game Room One of the standout features of Iyer’s home…
Donald Trump, known for his dual legacy as a real estate mogul and former U.S. President, has regained his footing in the billionaire ranks. As of 2024, his net worth is valued at approximately $2.6 billion, reflecting a significant recovery in his financial standing. This resurgence highlights his resilience in the face of legal battles, fluctuating markets, and the challenges of his political career. Real Estate: The Backbone of Trump’s Wealth The cornerstone of Trump’s fortune is his expansive real estate empire. Iconic properties like Trump Tower in New York and his 40 Wall Street office building are some of…
The newly constructed Pamban vertical lift sea bridge demonstrated its precision and strength during a recent Oscillation Monitoring System (OMS) engine run. The speed trial showcased impressive speeds of 121 kmph on the Mandapam-Rameswaram section and 80 kmph on the bridge itself, marking a significant milestone in the project. Freight Train Speed Trial Completed Successfully A freight train consisting of three coaches attached to an engine was used in the trial, which took place on India’s first vertical lift sea bridge. The bridge connects Mandapam and Pamban railway stations, providing a vital link across the Palk Strait. Senior railway officials,…
Entrepreneurship in Saudi Arabia is flourishing, with 42% of adults planning to start their own businesses within the next three years, according to the National GEM Report. Launched at the Biban24 Forum, the report highlights the Kingdom’s economic achievements and the growing role of women in business. Record High Entrepreneurial Intentions Saudi Arabia has reached its highest level of entrepreneurial intent in eight years. The report, produced by Prince Mohammed Bin Salman College of Business and Entrepreneurship (MBSC) in partnership with Babson Global, shows a surge in innovation and self-employment across the Kingdom. Rise in Early-Stage and Established Businesses The…
Google CEO Sundar Pichai publicly congratulated Donald Trump on his projected 2024 presidential win, calling it a “golden age of American innovation.” Pichai made the statement via a post on X, expressing optimism about technological advancements under Trump’s leadership. He emphasised Google’s commitment to collaborating with the new administration to drive innovation and deliver technological benefits across the nation. A Positive Vision for U.S. Innovation In his message, Pichai highlighted the importance of fostering innovation during this new phase. He stated, “We are in a golden age of American innovation and are committed to working with his administration to help…
Air India, owned by Tata Group, is considering a new route connecting Kochi (COK) and Dublin (DUB), marking its expansion into high-demand European destinations. Reports indicate that discussions have advanced between Air India, Cochin International Airport Limited (CIAL), and Irish authorities. This potential three-times-weekly service stems from increasing demand, with an estimated 118 passengers travelling daily between the two cities. Baby Pereppadan, Mayor of South Dublin, confirmed ongoing talks to establish the route, aiming to enhance connectivity and convenience for travellers. Currently, Air India dominates the India-Europe market, offering 114,000 one-way seats in 2024, a 36% increase from 2019. Post-merger…
Skoda India has officially introduced the much-anticipated Kylaq compact SUV, starting at an ex-showroom price of Rs 7.89 lakh. Bookings for the SUV will open on December 2, with deliveries expected to begin from January 27, 2025. The Kylaq will make its public debut at the Bharat Mobility Show in January 2025. Skoda’s Strategy to Tap into the Indian Market The Kylaq marks Skoda’s smallest SUV yet, and the brand is eyeing this compact model to drive a significant boost in its Indian sales. The company aims to achieve annual sales of over 1,00,000 units with this model, leveraging the…
Six Indian Americans have emerged victorious in the latest U.S. House of Representatives elections, increasing their representation from five to six in Congress. Among the notable wins is Suhas Subramanyam, who made history as the first Indian-American to be elected from Virginia and the entire East Coast. Suhas Subramanyam’s Historic Victory In Virginia, Subramanyam, a lawyer and Virginia State Senator, defeated Republican Mike Clancy. Subramanyam expressed his gratitude, stating, “I am honoured and humbled that the people of Virginia’s 10th District put their trust in me to take on the toughest fights and deliver results in Congress.” He emphasized the…