Author: News Desk
Kozhikode, the vibrant city on Kerala’s Malabar Coast, has etched its name into the annals of history by becoming India’s first UNESCO City of Literature. The official announcement was celebrated at a grand event today at the Kandamkulam Muhammad Abdu Rahiman Memorial Jubilee Hall in Tali. This prestigious designation, awarded by UNESCO on October 31, 2023, underscores Kozhikode’s rich literary heritage and its evolving role as a cultural beacon. In honor of this milestone, Kozhikode is gearing up for a series of literary and cultural festivities over the next four years. Iconic locations such as Mananchira, Tali, and Kuttichira are…
Decagon AI, a burgeoning startup specializing in generative AI, has successfully raised ₹292 crores in funding. The company, co-founded by 28-year-old Malayali entrepreneur Ashwin Srinivasan and Chinese-American Jesse Zhang, secured this substantial investment through a combination of seed and Series A rounds. The initial seed funding was spearheaded by the renowned investment firm Andreessen Horowitz (A16Z), while the Series A round saw significant backing from Accel. Founded just last year, Decagon has rapidly emerged as a key player in the generative AI space. The startup aims to revolutionize customer support for technology companies by simplifying complex support tasks through advanced…
Trishneet Arora, acclaimed as one of India’s youngest billionaires and entrepreneurs, has been making headlines with his remarkable journey in the cybersecurity industry. Founding TAC Security at the tender age of 19, Trishneet broke barriers and achieved extraordinary success, becoming a millionaire by the age of 23. Trishneet Arora is the visionary founder and CEO of TAC Security, a global leader specializing in risk and vulnerability management. The company leverages advanced AI technology to assess vulnerabilities, catering to prominent clients including Fortune 500 companies and government entities worldwide. Featured on Forbes’ prestigious 40 Under 40 list, Trishneet Arora’s entrepreneurial journey…
Indian billionaire Nadir Godrej, Chairman of Godrej Industries, has made a significant foray into Mumbai’s elite real estate market. Godrej, along with his family, has acquired three opulent sea-facing apartments in South Mumbai, reflecting the continued desirability of this upscale area among the country’s wealthiest individuals. The high-profile transaction involves three apartments located on the sixth, seventh, and eighth floors of Ruparel House, an exclusive residential building situated on Ridge Road in Malabar Hill. The properties were purchased from R House Realty Pvt Limited, a subsidiary of the JSW Group, for a total sum of Rs 180 crore. Each apartment…
KPMG India, a leading player in professional services, is embarking on a significant recruitment initiative, underscoring its strategic expansion plans. The firm has announced over a thousand job openings on LinkedIn, reflecting a strong push to bolster its talent pool across various domains. The extensive list of vacancies spans a wide array of roles and locations, both domestically and internationally. This ambitious hiring spree is a clear indicator of KPMG’s commitment to broadening its operational capabilities. Open positions range from entry-level to senior management across sectors such as audit, tax, advisory, and technology, showcasing the firm’s diverse service offerings. Expanding…
Akshay Kumar stands as a paragon of versatility and unwavering determination, transcending boundaries in the realms of acting, business, and lifestyle. His journey from Bollywood icon to entrepreneurial mogul is a testament to his relentless drive and astute business acumen. A Stellar Career: Acting and Beyond With a career spanning over 100 films, Akshay Kumar has etched his name as a stalwart in Bollywood. His net worth, estimated at Rs 742 crore, reflects not only his acting prowess but also his diversified earnings from investments, brand endorsements, and entrepreneurial ventures. Commanding an impressive fee of Rs 135 crore per film,…
In a grand ceremony orchestrated by Impero Events and Havers Dubai, a significant milestone in the economic landscape was marked with the signing of a joint cooperation memorandum between Mounes Al Khatib, Chairman of Target Plus, and Mohamed Ramadan, CEO of the renowned Italian firm Impero Milano. This agreement heralds the birth of Impero Investment Dubai, a new global economic entity based in the vibrant heart of Dubai, poised to spearhead investments across diverse sectors worldwide. The event was graced by notable dignitaries including Jacqueline Micol, Minister of Small and Medium Enterprises from the Republic of Congo Brazzaville, His Excellency…
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.…