Author: News Desk

In a recent conversation with channeliam.com, Jean Mane, President and CEO of Mane Group, discussed the company’s strong presence in India through its subsidiary, Mane Kancor. He shared insights into the journey and significance of this partnership, the strategic role of Kerala in the spice and natural extracts business, and the evolving position of India in the global spice and food flavoring industry. Significance of the Mane Kancor Partnership Jean emphasized that the partnership’s significance lies in the strong relationships established with local families. The collaboration began with a modest investment in a joint venture, which laid the groundwork for mutual…

A viral claim suggests that ₹500 notes with a star symbol (*) are fake. However, Channeliam Fact Check confirms that this claim is false. These notes are legally issued by the Reserve Bank of India (RBI) and remain valid currency. RBI’s Official Statement The RBI introduced ₹500 notes with a star symbol in December 2016 as part of the Mahatma Gandhi (New) Series. These notes include an additional ‘*’ (star) in the number panel but remain legal tender. In a press release dated December 16, 2016, the RBI clarified that: Purpose of the Star Symbol The star-marked banknotes help replace defective…

Assam’s investment and infrastructure summit wrapped up with proposals totaling ₹4.91 lakh crore, nearly five times the amount secured in 2018. Prime Minister Narendra Modi inaugurated the event, emphasizing Assam’s growth potential. Major Sectors and Investors The summit resulted in 270 MoUs across sectors such as power, IT, health, tourism, and agriculture. Major players like Reliance, Adani, Vedanta, Tata Group, and Jindal committed ₹1.25 lakh crore, while government projects accounted for ₹78,000 crore. International Participation The event attracted 67 heads of missions from 76 participating countries, with over 14,500 attendees. Notably, 121 speakers participated, including six Union ministers. Infrastructure and…

U.S. President Donald Trump’s administration has intensified efforts to downsize the federal workforce, with billionaire Elon Musk playing a key role in the initiative. At Trump’s first cabinet meeting, Musk outlined his ambitious budget-cutting targets, signaling a significant shift in government operations. Large-Scale Layoffs Planned A new directive requires federal agencies to submit plans by March 13 for major workforce reductions. While specific numbers were not mentioned, the cuts are expected to go beyond previous rounds, which mainly targeted probationary employees. This phase will impact long-serving civil servants across various departments. Federal Agencies Face Drastic Reductions Several agencies, including the…

Instagram, owned by Meta, is exploring the launch of a separate app for Reels, its short-form video feature. The move comes as TikTok faces an uncertain future in the United States. Instagram Chief Confirms Plans According to reports, Instagram head Adam Mosseri recently discussed the idea with employees. The goal is to offer users a similar video-scrolling experience while capitalizing on TikTok’s potential challenges. Meta’s Strategy in the Video Market Meta has been actively expanding its video capabilities. In January, the company introduced a new video-editing app, Edits, which competes with CapCut, a popular app owned by TikTok’s parent company,…

The Telangana government has announced the construction of the Ratan Tata Road, a 41.5-km Greenfield Radial Road. The project, estimated to cost ₹4,030 crore, will connect the Tata Interchange at Raviryal on the Outer Ring Road (ORR) to the Regional Ring Road (RRR) at Amangal. Road to Pass Through Six Mandals The road will pass through six mandals, Maheshwaram, Ibrahimpatnam, Kandukur, Yacharam, Kadthal, and Amangal, covering 14 villages in Rangareddy district. The project will be completed in two phases: Designed for Future Expansion The Ratan Tata Road will be a 100-metre-wide, access-controlled expressway with a 3+3 six-lane main carriageway. The design includes:…

DMK spokesperson Saravanan Annadurai has criticized Zoho founder Sridhar Vembu’s call for Tamil Nadu’s engineers and entrepreneurs to learn Hindi. Annadurai questioned why students in the state should prioritize Hindi for business needs, stating that companies should train their own staff instead. In a post on X, Annadurai argued that if language skills were a concern, the Union Government should instead ensure basic English proficiency across India. He also accused Vembu of assuming superiority over others in his stance. Vembu Calls Hindi a Business Advantage Vembu defended his stance, calling the lack of Hindi proficiency a “serious handicap” for Tamil…

A new class of ultra-rich individuals has emerged—the super billionaires. These are people with a net worth of $50 billion or more, according to a report by The Wall Street Journal (WSJ). Out of the 24 super billionaires identified by global wealth intelligence firm Altrata, 16 are centi-billionaires, meaning they have at least $100 billion in wealth. Elon Musk Tops the List Tech mogul Elon Musk is currently the richest person in the world, with a net worth of $419.4 billion. Musk, who leads Tesla, SpaceX, Neuralink, and X (formerly Twitter), has wealth that is more than two million times…

The 45-day Maha Kumbh Mela, previously known as Purna Kumbh, concluded in Prayagraj on February 26. The grand religious gathering, which began on January 13 during Makar Sankranti, attracted millions of devotees who took a holy dip at the Triveni Sangam. Record-Breaking Attendance According to the Uttar Pradesh government, the event saw an overwhelming participation of 650 million people, exceeding the initial estimate of 400 million. On the final day alone, approximately 14.4 million devotees took part in the sacred ritual. Tragedies and Controversies The event was marred by a tragic stampede on January 29, resulting in at least 30…

The wealthiest billionaires in the world wield significant financial power and influence, playing a crucial role in shaping global economies and industries. Figures like Elon Musk and Jeff Bezos from the technology sector, alongside luxury goods magnates such as Bernard Arnault, have accumulated extraordinary wealth through innovation and strategic entrepreneurship. Surprising Changes in Forbes’ Billionaires List The 2024 Forbes billionaires list reveals some surprising shifts, particularly highlighting India’s rising status. Traditionally dominated by the United States and China, the list now reflects India’s growing prominence in the global wealth hierarchy. India’s Growing Influence This year’s list underscores the substantial wealth…