Author: News Desk

State-run Oil and Natural Gas Corporation (ONGC) has invited applications for advisor positions under its startup fund, signalling a deeper push into startup investing and innovation-led ventures. According to an official document, the ONGC Startup Fund is hiring two advisors on a contractual basis for 12 months, with the possibility of extending the term by another year. The fund was set up in 2016 with a corpus of ₹100 crore under the government’s Startup India initiative, aimed at supporting startups in the energy and technology space. Later, in 2019, it was registered with SEBI as a Category-I Alternative Investment Fund…

Guntur headquartered electric air mobility startup Magnumwings is preparing for its next phase of growth as it moves towards raising fresh capital and scaling up production of its human, cargo, and defence focused aircraft prototypes. The nine year old company has developed six prototypes and is now aiming to shift from development to large scale manufacturing. Founder outlines expansion and funding plans Founder and Managing Director Abhiram Chava, an aerospace professional trained in the United States, said the company is planning a major infrastructure upgrade, including consolidation of its operations into a single 40,000 sq. ft. facility. He added that…

Entrepreneur and content creator Ankur Warikoo has announced that he is closing his online courses business, even though it had generated over ₹100 crore in revenue and around ₹25 crore in profit over the past five years. He shared the news through a video on X, saying the decision comes after scaling the platform to about 5 lakh students since its launch in 2020. In his post, he noted that while the business had grown significantly and remained profitable, continuing it “no longer made sense.” Warikoo also mentioned that he would explain the full reasoning in a follow-up video scheduled…

The government led by Vijay has introduced stricter liquor regulations soon after taking office, reinforcing the legal drinking age of 21 and directing tighter enforcement at TASMAC outlets across the state. As part of the early policy push, the administration has also ordered the closure of 717 TASMAC liquor shops located near temples, educational institutions, and bus stations. Officials described the move as a public welfare measure aimed at reducing easy access to alcohol in sensitive areas. Stricter Age Verification at Liquor Shops The state has instructed TASMAC staff to strictly verify age before selling alcohol. Customers may be required…

India’s gig economy workers are facing fresh financial pressure after petrol and diesel prices rose by about ₹3 per litre, marking the first major fuel increase in nearly four years. The Gig & Platform Service Workers Union (GIPSWU) has called for higher per-kilometre earnings and announced a five-hour shutdown of app-based services tomorrow from 12:00 PM to 5:00 PM in protest. The union says the hike will heavily affect nearly 1.2 crore gig workers who rely on two-wheelers for daily deliveries and ride services. In Delhi, petrol now costs around ₹97.77 per litre and diesel about ₹90.67 per litre, with…

Prime Minister Narendra Modi has firmly rejected reports suggesting that the government is planning any tax, cess, or surcharge on foreign travel. He called the claims “completely false” and said there is no discussion at any level on introducing such measures. The clarification came after a social media post circulated a graphic alleging that the government was considering a temporary levy on overseas travel to manage fiscal pressure linked to rising crude oil prices and global tensions. Modi said the claims had “no truth whatsoever” and should not be believed. In his post on X, he stressed that the government…

During President Donald Trump’s visit to Beijing, US staff reportedly ordered that no materials issued by Chinese officials be brought onto Air Force One, leading to all such items being thrown away before departure. According to White House press pool accounts, American personnel collected everything handed out by Chinese authorities, including press credentials, pins, and burner phones issued to staff, and disposed of them at the aircraft steps before boarding. “Nothing allowed on the plane” White House correspondent Emily Goodin said on X that US staff gathered all China-issued items and placed them in a bin at the base of…

Donald Trump has announced that China could purchase more than 200 Boeing aircraft, with the potential order eventually expanding to as many as 750 jets following his summit with Xi Jinping in Beijing. The proposed agreement is being described as Boeing’s first major China aircraft deal in nearly a decade and could become one of the largest aviation orders in recent years if fully finalized. Reports suggest the package may include Boeing 737 and 777 aircraft powered by GE Aerospace engines. Trump said China had already committed to purchasing at least 200 aircraft, while additional orders could follow depending on…

During Prime Minister Narendra Modi’s visit to the United Arab Emirates, LuLu Group Chairman M. A. Yusuff Ali said a major policy change in India has made investments from non-resident Indians (NRIs) count as domestic investment. He described it as a significant reform that has made it easier for overseas Indians to invest back home. He said earlier rules created hurdles for NRIs, but those restrictions were removed after the current government took office, opening the door for smoother and larger investments across Indian states. Retail Expansion Across India Yusuff Ali said the LuLu Group has already built shopping malls…

Prime Minister Narendra Modi said on Saturday that his two-day visit to the Netherlands will help deepen cooperation with India in important sectors such as semiconductors, water management, clean energy, trade, and investment. After arriving in Amsterdam, Modi posted on X that the visit comes at a significant moment, as the proposed India–EU Free Trade Agreement has provided fresh momentum to economic ties between India and Europe. He said the trip offers an opportunity to strengthen collaboration in areas including semiconductors, water, and clean energy. During the visit, the Prime Minister is scheduled to hold talks with Dutch Prime Minister…