Author: News Desk
Karnataka’s Minister for Large and Medium Industries, MB Patil, has announced plans for a second international airport in the city. This development aims to cater to the future needs of Bengaluru, a booming global tech hub. In a social media update, Minister MB Patil shared, “New Airport plans on the horizon. I held a preliminary discussion with officials regarding the construction of a second airport to address the future needs of our rapidly growing global metropolis. I have directed the authorities to submit a feasibility report for the new airport.” Patil emphasized that the new airport would alleviate the growing…
The Abu Dhabi Department of Economic Development (ADDED) has announced a significant regulatory change requiring all licensed economic establishments and social media influencers to obtain a specific licence for engaging in advertising services. This new regulation aims to streamline advertising activities and protect consumer rights within the emirate. Key Details of the New Regulation: 1. Effective Date and Penalties: o The regulation will come into effect in early July 2024. o Non-compliance will attract fines ranging from AED 3,000 ($817) to AED 10,000 ($2,720). o Severe breaches could result in the closure of businesses. 2. Licensing Fees: o Individual establishments must pay a licence fee of…
On July 8, approximately 1,500 workers from Tata Steel in Britain will initiate an indefinite strike in response to the company’s plans to shutter two blast furnaces and eliminate up to 2,800 jobs, according to an announcement by the trade union Unite on June 21. This move marks the first major strike by British steelworkers in four decades and will occur at Tata’s Port Talbot and Llanwern sites in Wales. The closures, which were first revealed in January, are part of the Indian conglomerate’s strategy to revitalize its struggling UK operations by transitioning to more environmentally friendly electric arc furnaces.…
Former cricketer Sachin Tendulkar, often referred to as the ‘Master Blaster’, has seen his investment in Azad Engineering Ltd surge from an initial Rs 5 crore to over Rs 70 crore. The mid-cap company, known for manufacturing precision-forged and machined components for global OEMs across industries like energy, aerospace, and defence, witnessed its stock soar to a record high of Rs 2080. Despite market volatility, Azad Engineering’s shares hit Rs 1981.80 shortly after opening, hitting the upper circuit limit of 5%. Investors have benefitted significantly from the company’s robust stock performance. Key Points:
Nadia Chauhan, the dynamic force behind Parle Agro’s impressive brand portfolio, has charted an extraordinary path in the business world. As the daughter of Prakash Chauhan, Chairman and Managing Director of Parle Agro, Nadia has made significant contributions to the company, particularly with Frooti, which has become one of India’s most iconic soft drink brands. Born in California and raised in Mumbai, Nadia’s journey is a blend of international exposure and deep-rooted family heritage in India. She pursued her education in commerce at H.R. College in Mumbai before formally joining the family business in 2003. Nadia’s early involvement in Parle…
Tech giant Google has launched its Gemini AI assistant app in the Indian market, marking a significant advancement in conversational AI technology. Led by CEO Sundar Pichai, Google aims to empower users with enhanced features that facilitate intuitive interaction through voice, text, and image inputs. The Gemini app allows users to receive assistance by typing, speaking, or uploading images, catering to diverse needs such as tutorials for tasks like changing a flat tire or crafting personalized notes. Google emphasizes that Gemini represents a stride towards building a truly conversational and multimodal AI assistant. Notably, Google has introduced Gemini Advanced alongside…
India has emerged as a powerhouse in the global deeptech landscape, now ranking sixth among the top nine deeptech ecosystems worldwide, according to a recent report by Nasscom in collaboration with Zinnov. The country boasts 3,600 deeptech startups, which collectively attracted $850 million in funding last year. Over 480 deeptech startups were founded in India in 2023, marking a twofold increase compared to the previous year. Among these, more than 100 are pioneering companies that have developed innovative intellectual property or breakthrough solutions in emerging fields. A notable trend from the report highlights that 74% of the deeptech startups launched…
A new innovation has emerged from the robotics lab of Phillips Exeter Academy in New Hampshire, where students from Murex Robotics have successfully developed the world’s smallest and cheapest network switch. Named the mrxSwitch v2.0, this compact device is poised to revolutionize connectivity solutions in various technological domains. The inspiration for this invention stemmed from a practical need during the construction of a remotely operated vehicle (ROV) for an underwater drone competition. Facing a scarcity of affordable embedded Ethernet switches that could meet their specifications, the team decided to create their own solution. Measuring a mere 44.9mm x 42.2mm, the…
Bengaluru, often hailed as India’s Silicon Valley, has long been plagued by severe traffic congestion, exacerbated during monsoons and festive seasons. Recognizing the urgent need for a solution, the Bruhat Bengaluru Mahanagara Palike (BBMP) has embarked on an ambitious project—a sprawling 18-kilometre-long underground tunnel road aimed at alleviating the city’s traffic woes. Addressing Bengaluru’s Traffic Nightmare For residents and commuters of Bengaluru, traffic jams have become a daily ordeal due to inadequate infrastructure and public transport systems. The situation is particularly dire during peak hours and festive seasons, when roads overflow with vehicles, leading to frustrating delays and inefficiencies. The…
In a significant development for Kochi’s aviation landscape, Air India Express has relocated its headquarters to Gurugram, Haryana, marking a pivotal shift that impacts approximately 30 administrative jobs in the city. The move, initiated in 2023, saw senior staff members transferring to the Vatika One-on-One complex in Gurugram, while a skeletal office will be maintained in Elamkulam, Kochi. According to sources close to the matter, the relocation has led to several resignations among the affected employees, citing inconvenience caused by the move. Air India Express, a subsidiary of Tata Group-owned Air India, defended the decision as strategic, aimed at fostering…