Author: News Desk

India’s first-quarter proceeds from IPOs, block sales, and share placements dropped to $7.1 billion, falling behind Hong Kong and Japan. However, a wave of public listings by over three dozen tech startups, collectively valued at $100 billion, is expected by 2027, signaling a potential market rebound. Among the firms preparing to go public are Flipkart, PhonePe, and Oyo Hotels. These companies have found a balance between rapid growth and profitability, a factor missing in previous IPOs that led to stock crashes, such as Paytm’s 63% decline and Nykaa’s 4% drop. According to The Rainmaker Group, which advises Indian startups, the…

Kerala has launched the ‘Refresh and Recharge’ initiative to improve EV charging infrastructure through a Public-Private Partnership (PPP) model. As India pushes for wider EV adoption, issues like charging demand, user convenience, and payment integration remain key challenges. The Kerala State Electricity Board Limited (KSEBL), the nodal agency for EV infrastructure, is implementing this initiative using a Design-Build-Finance-Operate-Transfer (DBFOT) model. Under this plan, 63 KSEBL-owned charging stations are open for private investment to enhance services. Additional facilities like cafeterias and restrooms will be introduced to improve user experience. The program aims to make charging stations more accessible. Features include better…

India has started testing its first hydrogen-powered train on the Jind-Sonipat route. With a 1,200-horsepower engine, it stands among the most powerful globally, marking a significant step in the country’s green transport efforts. However, full deployment may be delayed until mid-2025 due to ongoing technical refinements. This could impact its planned introduction on the Kalka-Shimla heritage route. Officials from Indian Railways report that while initial trials are promising, adjustments are needed to enhance the hydrogen fuel cell’s efficiency. Additional testing over the next few months makes the original December 2024 target unlikely. Built by the Integral Coach Factory (ICF) in…

Prosus has introduced the Tech FoundHER Challenge to help women-led startups in India by providing funding, mentorship, and access to global networks. This initiative, in collaboration with Encubay and VAIA Climate, aims to close the funding gap for women in the tech industry. Empowering Women Entrepreneurs Encubay focuses on bridging the gap for female entrepreneurs by offering access to capital and mentorship. Prosus, a global tech investor, has already invested nearly $9 billion in India, backing successful startups like Swiggy, Meesho, and PharmEasy. Tackling the Funding Gap Research shows that women-led startups receive less than 5% of global venture capital.…

A major infrastructure milestone is on the horizon as Karnataka’s longest cable-stayed bridge, stretching across the scenic backwaters of the Sharavathi River, nears completion. Connecting Ambaragodlu and Tumari in Sagar taluk, the much-anticipated bridge is expected to be inaugurated by the end of May or early June. Spanning an impressive 2.44 kilometers, the bridge is in its final phase, with asphalting and painting work underway. Built at a cost of ₹423 crore, the project has been years in the making since its foundation stone was laid by Union Minister Nitin Gadkari in 2018. Efforts are currently being made to coordinate…

Ratan Tata, the late industrialist, left behind not just a corporate empire but also a legacy of kindness. His will directed nearly ₹3.5 crore to be distributed among his house staff, office employees, and even a neighbor. Support for Domestic Staff Tata’s will ensured that his long-time house staff received financial support. He allocated ₹15 lakh from his estate to domestic workers who had served him for over seven years, distributing the amount in proportion to their tenure. Part-time helpers and car cleaners were also granted ₹1 lakh each. Among the key beneficiaries were: Additionally, ₹12 lakh was set aside…

Byju Raveendran, founder of edtech giant BYJU’S, has vowed to revive the company despite its steep decline. In a post on X, he wrote, “Broke, not broken. We will rise again,” alongside an old photograph of himself. The once high-flying startup, valued at $22 billion in 2022, is now facing mounting debts, regulatory scrutiny, and legal disputes with investors. After staying out of the public eye for months, Raveendran has re-emerged, promising to steer BYJU’S back to success. Rehiring Former Employees Raveendran assured that BYJU’S will prioritize former employees when it makes a comeback. He emphasized that the company was…

Air India, India’s national airline, offers competitive salaries and career growth opportunities for cabin crew members. The airline, headquartered in Gurugram, operates major hubs in Delhi, Mumbai, and Bengaluru. Salaries vary based on experience, responsibilities, and performance. Salary Structure Salaries depend on factors like the type of airline routes (domestic vs. international), leadership roles, and performance excellence. Additional Benefits Cabin crew members receive more than just their base salary, including: Cabin Crew Responsibilities Air India’s cabin crew plays a critical role in passenger safety and service. Their duties include: How to Apply for Air India Cabin Crew Positions Aspiring cabin crew members can apply through the Air India Careers portal. Eligibility Criteria: Selection Process: Career Outlook Working…

SANY India has introduced the country’s first locally manufactured hybrid mining dump truck, the SKT130S, at its Pune facility. This 100-ton capacity vehicle marks a major milestone in India’s mining equipment sector, promising improved efficiency and sustainability. Advanced Hybrid Technology for Efficiency Equipped with a 925 kW engine delivering 3200 Nm of torque, the SKT130S boasts a 61 cubic meter heaped body capacity. Its hybrid system enhances fuel efficiency by 20-25% compared to conventional mining trucks. A regenerative braking system helps charge the high-voltage battery during downhill operation, further optimizing energy use. Deepak Garg, Vice Chairman & Managing Director of…

A Reddit post by an Indian software engineer has sparked widespread discussion, detailing a journey from working at a startup to securing positions at FAANG companies and ultimately landing a ₹2 crore per annum salary at a multinational corporation (MNC). The post quickly gained traction, drawing curiosity, skepticism, and admiration from social media users. The techie, who hails from a Tier 3 college, shared that breaking into the industry wasn’t easy. Early rejections due to their educational background made it difficult to secure a position at top firms. However, persistence and continuous learning paved the way for career growth. The Path…