Author: News Desk
Saudi Arabia launched a new policy on January 21, aimed at ending forced labor wages, marking a significant milestone for migrant workers, including a large number of Indians. The Ministry of Human Resources and Social Development has taken the lead in creating a safer working environment, making Saudi Arabia the first country in the Gulf Cooperation Council (GCC) to comply with the International Labour Organization’s 2014 Forced Labour Convention. This policy is being hailed as a major step forward for worker welfare and will have a significant impact on the 2.6 million Indian nationals working in Saudi Arabia. Saudi Arabia’s…
Tata Electronics has acquired a 60% stake in Pegatron’s Indian unit, which operates an iPhone manufacturing plant in Tamil Nadu. This acquisition follows Tata’s earlier purchase of Wistron’s operations in Karnataka in March 2024, reinforcing its growing presence in the Apple supply chain. The financial terms of the deal remain undisclosed, but the move positions Tata Electronics as a key Apple supplier alongside Taiwanese manufacturers like Foxconn. Approval from the Competition Commission of India On January 7, the Competition Commission of India (CCI) gave its approval for Tata Electronics to take a majority stake in Pegatron Technology India. The approval…
The UAE is set to launch a high-speed train connecting Abu Dhabi and Dubai. Designed to enhance the country’s position as a pioneer in smart transportation, this bullet train project marks a major step in advancing the Middle East’s transport infrastructure. Fast and Efficient Travel Spanning over 100 km, the train will cover the distance between Abu Dhabi and Dubai in just 30 minutes, reaching speeds of 350 km/h. Passing through key landmarks and tourist hotspots, the project promises a seamless travel experience for both residents and visitors. Economic Impact of the High-Speed Train The Abu Dhabi to Dubai high-speed…
Kerala Startup Mission (KSUM) has teamed up with Business Finland for the upcoming Polar Bear pitching event in India, marking the first time the event’s regional round will take place in the country. Known for its unique presentation style, the Polar Bear event challenges startup founders to pitch while standing in freezing cold water. Agreement and Selection Process KSUM will sign an agreement with Business Finland and Business Oulu Group, the event organizers, to select eight to ten startups from Kerala to participate. KSUM CEO Anoop Ambika emphasized that this collaboration highlights Kerala’s prominence in India’s startup ecosystem, bringing more…
Mukesh Ambani, the chairman of Reliance Industries, continues to expand his luxurious car collection with the addition of a new bulletproof Rolls-Royce Cullinan. This latest acquisition marks a special moment in his already impressive fleet, as it is possibly the first armored Rolls-Royce Cullinan in India. The Cullinan, known for its ultra-luxury and bespoke design, has been custom-modified to ensure top-tier protection for the Ambani family. The vehicle was recently spotted at a workshop in Chandigarh, where experts specialize in bulletproofing high-end cars. The silver Cullinan is the newest addition to the Ambanis’ collection, joining the several other Cullinans they…
Sarla Aviation, a Bengaluru-based aerospace startup, has introduced India’s first electric vertical take-off and landing (eVTOL) air taxi, named ‘Shunya.’ This breakthrough innovation aims to reduce traffic congestion and offer a sustainable alternative to traditional transportation. Key Features of ‘Shunya’ Launch and Expansion Plans Strategic Partnership Sarla has teamed up with Sona SPEED, a precision manufacturing firm, to produce critical components for ‘Shunya,’ leveraging expertise from previous projects with the Indian Space Research Organisation (ISRO). Future Prospects Beyond passenger transport, Sarla Aviation plans to offer an air ambulance service, further enhancing emergency medical response in urban areas. In conclusion, ‘Shunya’…
Airtel, led by Sunil Mittal, is preparing to roll out its satellite internet services, positioning itself as a strong competitor to Elon Musk’s Starlink in India. The company has successfully constructed two key base stations in Gujarat and Tamil Nadu and is now awaiting spectrum allocation and final approval from the Indian government to begin operations. Airtel’s Satellite Internet: Ready for Launch According to Rajan Bharti Mittal, Vice Chairman of Bharti Enterprises, Airtel’s satellite telecom service is ready to be deployed as soon as the necessary permissions are granted. “We are prepared to launch as soon as we get the…
Private equity firm Everstone has secured a deal to acquire a majority stake in Wingify, a leading Indian software-as-a-service company, for approximately $200 million, according to sources familiar with the matter. The acquisition marks a significant exit for Paras Chopra, the founder of Wingify, who built the company without external funding since its inception in 2010. Based in Delhi, Wingify has evolved from a small startup into a global software provider with over 6,000 clients. Its main product, Visual Website Optimizer (VWO), helps businesses enhance online conversion rates through A/B testing and customer experience optimization. The company’s annualized revenue recently…
Saudi films will be showcased in India for the first time through the “Saudi Film Nights” festival, starting on January 31 and running until February 5. This traveling festival, which has already seen success in Morocco, Australia, and China, will kick off at the National Museum of the Indian Cinema in Mumbai, with additional screenings in Delhi and Hyderabad. The event will feature a selection of long and short films, followed by panel discussions with filmmakers and cast members. The Saudi film industry has grown rapidly since cinemas reopened in the kingdom in 2018. In 2023, Saudi theaters generated over…
Tata Motors is gearing up to transform public transportation with hydrogen-powered buses, equipped with engines manufactured at Tata Cummins’ Jamshedpur plant. The company announced that trials for these eco-friendly buses will begin soon, with hydrogen-powered trucks slated for launch in March 2025. Commitment to Sustainable Mobility At the Bharat Mobility Global Expo 2025, Tata Motors unveiled its hydrogen internal combustion engine technology, demonstrating its dedication to sustainable transportation. A Tata Motors spokesperson stated, “We are proud to introduce hydrogen-powered vehicles that align with India’s vision for sustainable mobility.” Planned Routes for Hydrogen Buses Initially, the hydrogen-powered buses will operate between…