Author: News Desk
The Trump administration has revoked Harvard University’s certification under the Student and Exchange Visitor Programme (SEVP), barring the institution from enrolling foreign students. The Department of Homeland Security (DHS) issued the revocation on May 22, with immediate effect. This move impacts thousands of international students, including nearly 800 from India, currently enrolled across Harvard’s schools. Indian Students Among the Affected According to Harvard’s International Office, 788 Indian students and scholars are part of the 2024–25 academic year. The sudden cancellation means all international students on F or J visas must transfer to other institutions or lose their legal status. Each…
IndiGo has clarified that its codeshare deal with Turkish Airlines and the use of wide-body aircraft through a damp lease are fully in compliance with Indian regulations. CEO Pieter Elbers emphasized that these operations follow the India-Turkey bilateral air services agreement. Despite political tensions, the airline continues to fly Indian passengers via Istanbul to over 40 destinations in Europe and North America. Lease Renewal Pending Government Decision The current damp lease of two high-capacity Boeing 777 jets from Turkish Airlines is due to expire this month. IndiGo cannot extend the lease without approval from the Indian government. Elbers noted that…
In 2024, DUBZ, a baggage technology and logistics company, served over 70,000 passengers through services such as off-airport check-in, baggage delivery, and storage—showing a 15% increase compared to the previous year. This growth reflects rising passenger demand for faster, more convenient airport experiences. New Services Under marhaba Dubai International Airport passengers can now enjoy an enhanced travel journey as marhaba, part of Emirates’ dnata, incorporates three key DUBZ offerings into its service lineup: Booking Made Easy Travelers can book these services via marhabaservices.com. Baggage storage and delivery are available at specific locations in Dubai, enhancing marhaba’s portfolio which also includes Meet…
Suzuki Motorcycle India Private Limited (SMIPL) has started building its second manufacturing facility in India at the Industrial Model Township (IMT) in Kharkhoda, Haryana. This plant is a part of the company’s plan to expand production, support sustainability, and contribute to regional economic development. Investment and Production Goals SMIPL is investing around ₹1,200 crore in the new facility. The plant is expected to begin operations by 2027, with a target to produce 750,000 units annually in its first phase. The site spans 100 acres, with 25 acres each dedicated to manufacturing and green spaces. Local Employment and Economic Impact The…
Bharat Electronics Limited (BEL) has become a vital player in India’s national security following the recent border conflict with Pakistan. Its homegrown defense technologies were crucial during Operation Sindoor, enhancing India’s military strength. Surge in Orders and Financial Growth BEL’s financial outlook has improved sharply due to the conflict. Manoj Jain, Chairman and Managing Director of BEL, announced that the company expects to receive multiple contracts under the emergency procurement plan approved for the Indian Armed Forces after Operation Sindoor. Jain said the company anticipates 8 to 10 new orders soon, with clearer details expected within a week. BEL projects…
Leela Palaces, Hotels & Resorts, a luxury hospitality brand backed by Brookfield Asset Management through Schloss Bangalore, is set to launch its initial public offering (IPO) on May 26, 2025. The company plans to raise ₹3,500 crore, with ₹2,300 crore from the proceeds earmarked to repay debt, aiming to become completely debt-free after the listing. IPO Size and Pricing Originally planned at ₹5,000 crore, the IPO size was revised downward by 30% to ₹3,500 crore. The issue will remain open until May 28, with a price band fixed between ₹413 and ₹435 per share. Investors can bid starting at a…
Tesla’s Chief Financial Officer, Vaibhav Taneja, has emerged as the highest-paid Indian-origin executive in 2024, with total earnings of $139 million (approximately ₹1,157 crore). His compensation package outpaced that of other prominent tech leaders like Google CEO Sundar Pichai and Microsoft CEO Satya Nadella. While Taneja’s base salary from Tesla was $400,000 (around ₹3.33 crore), the bulk of his earnings came from stock options and performance-based equity. A significant portion of his wealth was realized through Tesla shares, which were valued at $250 each when he exercised his equity benefits. Ahead of Silicon Valley Peers Compared to Taneja’s $139 million…
Bollywood actress Aishwarya Rai made a memorable appearance at the Cannes Film Festival, draped in a classic white Banarasi saree designed by Manish Malhotra. The saree featured golden embellishments and a long flowing pallu, complemented by traditional Indian jewelry. She attended the premiere of The History of Sound and greeted the media with her signature namaste and warm smile, charming fans and photographers alike. Aishwarya’s Cannes JourneyThis marks Aishwarya’s 22nd appearance at Cannes since her debut in 2002, when she walked the red carpet for Devdas. She attended the festival with her daughter Aaradhya, arriving together at Nice airport ahead of the event.…
Saudi Arabia is undergoing rapid modernization and economic diversification, driven by Crown Prince Mohammed bin Salman’s Vision 2030 initiative. The goal is to reduce dependence on oil by fostering a technology-driven economy. This includes widespread digital adoption across multiple sectors such as banking, energy, tourism, gaming, and telecommunications. Government policies like the National Strategy for Data and AI and the Cloud First Policy support this transformation, along with reforms that simplify business operations and professional work permits. Growing Technology Ecosystem and Global Talent Attraction The country’s tech scene is expanding fast, becoming one of the fastest-growing globally. Saajan Lathif, CEO…
Cricket today is much more than just a sport — it is a massive business powered by influential cricket boards. These organizations control not only national teams but also broadcasting rights, sponsorships, and popular leagues that command huge global audiences. The financial strength of these boards defines their influence in the cricketing world. 1. Board of Control for Cricket in India (BCCI) The BCCI is the undisputed richest cricket board globally, dominating the sport’s commercial landscape. It earns significantly from the Indian Premier League (IPL), which has media rights valued at $6.2 billion for 2023-2027 alone. Sponsorship deals with top…