Author: News Desk
Capricorn Fund Managers (CFM) has officially launched its regulatory hosting solution in Dubai, becoming the first of its kind in the Dubai International Financial Centre (DIFC). This new platform allows investment managers to operate under Capricorn’s regulatory umbrella, streamlining the process of managing funds from Dubai. A New Opportunity for Investment Managers The platform, structured as an Incorporated Cell Company, provides a flexible and efficient solution for both new and established managers. It supports a wide range of investment strategies, including hedge funds, real estate, private equity, venture capital, and more. Prior to this, fund managers in DIFC were required…
In the film world, actors and actresses are often in the news for their huge paychecks. Bollywood stars like Shah Rukh Khan, Salman Khan, and Amitabh Bachchan have been known for their high fees. Now, actors from the South Indian film industry are also stepping up, with some charging ₹100 crore for a film. Who is Prabhas? One actor leading this change is Prabhas. He has worked on many successful films, especially with director SS Rajamouli. His recent sci-fi movie made history by being the first Indian film to earn over ₹1000 crore in 2024. This success has made Prabhas a big name in…
Jaguar Land Rover (JLR) has introduced a special edition of its flagship luxury SUV, the Range Rover, named the Range Rover SV Ranthambore. Priced at ₹4.98 crore (ex-showroom), this edition is based on the long wheelbase model available in India and has been crafted by the brand’s bespoke SV division. A Unique Tribute to Indian Wildlife The Range Rover SV Ranthambore is the first limited edition model specifically designed for the Indian market, with only 12 units set to be produced. In a commendable initiative, JLR will donate a portion of the proceeds from each sale to the Wildlife Conservation…
Dubai International Airport (DXB) has unveiled a new spacious lounge at Terminal 2, exclusively designed for people of determination. This is the first lounge of its kind globally, aiming to provide a calm and accessible environment tailored to various needs, including those with autism, visual impairments, and hearing disabilities. Thoughtful Design for Accessibility The lounge is wheelchair-friendly and features contrasting surfaces for people with visual impairments to move easily. For hearing-impaired travellers, seating areas are strategically placed near staff to improve communication. A unique quiet ‘stress relief area’ has been created for individuals with autism, providing a peaceful retreat, while…
Tata Motors has launched a new manufacturing plant in Tamil Nadu, marking a significant milestone for the company. This state-of-the-art facility will not only produce Tata vehicles but also manufacture the next generation of Jaguar Land Rover (JLR) cars, which will be exported to international markets. Inauguration Ceremony with Key Dignitaries The grand inauguration event was attended by Tamil Nadu’s Chief Minister, MK Stalin, along with N Chandrasekaran, Chairman of Tata Sons and Tata Motors, and other key dignitaries. The plant is located in Panapakkam, Ranipet district, and is expected to generate approximately 5,000 jobs, providing a significant boost to the local economy. Focus…
The Maharashtra government has officially declared the cow as “Rajya Mata” (Mother of the State). This decision, announced on Monday, recognizes the deep-rooted cultural, spiritual, and economic importance of cows within Indian society. Cows have long been revered in Indian traditions, especially within Hinduism, where they are seen as a mother figure, symbolising nurture and purity. The Eknath Shinde-led government emphasised that cows are integral to Indian culture, holding historical, scientific, and even military significance throughout the ages. Preservation of Indigenous Cow Breeds The government’s order also expressed concerns over the declining population of indigenous cow breeds across India. It…
The Railway Ministry is making extensive preparations for the upcoming Kumbh Mela, planning to operate 992 special trains and allocating ₹933 crore for infrastructure and amenity improvements. This massive religious event is scheduled to take place in Prayagraj from January 12, with an expected turnout of 30 to 50 crore devotees. Enhancing Railway Infrastructure for Seamless Travel To ensure smooth travel for pilgrims, the Railway Ministry is investing approximately ₹3,700 crore to double the railway tracks in the Prayagraj Division and surrounding areas. This initiative aims to facilitate efficient train movement, especially during the peak times of the Kumbh Mela.…
According to Datum Intelligence, nearly 60% of buyers plan to spend over ₹15,000 during this festive season. As the festive shopping period kicks off, major e-commerce platforms such as Flipkart, Amazon, Myntra, and Meesho have reported strong initial sales. Datum Intelligence, a market research firm, collected sales data from September 26, marking the start of this year’s flagship sales. A Key Period for Retailers The festive season, which begins at the end of September and leads up to Diwali, is crucial for retailers, as it generates a significant portion of their annual gross merchandise value (GMV). Notably, 60% of the…
A video circulating on social media claims that India has been granted permanent membership in the United Nations Security Council (UNSC) along with veto power following Prime Minister Narendra Modi’s participation at the 79th UN General Assembly session. However, Channeliam Fact Check has found this viral claim to be false. What Is the Claim? Numerous videos are asserting that India has achieved permanent membership in the UNSC, complete with veto rights. One viral post from September 26 on X (formerly Twitter) declared, “BHARAT GOT A PERMANENT MEMBERSHIP IN UNSC WITH VETO POWER! CONGRATULATIONS India has got permanent membership with veto power in the Security Council of the United Nations. Earlier only five countries…
The Abu Dhabi-based Lulu Group is set to make significant investments in Andhra Pradesh, focusing on the cities of Visakhapatnam, Vijayawada, and Tirupati. The company plans to construct an international standard shopping mall featuring an eight-screen IMAX multiplex in Visakhapatnam, along with state-of-the-art hypermarkets in Vijayawada and Tirupati. Additionally, modern food processing and logistics centres are part of the investment plan. Productive Discussions with State Leadership Following a productive meeting with Andhra Pradesh Chief Minister N. Chandrababu Naidu, Lulu Group Chairman M.A. Yusuff Ali shared the news on social media platform X on September 29, 2024. He emphasised the positive…