Author: News Desk
The United Arab Emirates (UAE) has secured impressive rankings in various infrastructure categories, solidifying its position as a global leader in efficiency and development, as per a recent report by the World Economic Forum. According to the Travel and Tourism Development Index 2024 report, the UAE stands out for its exceptional road quality, efficient port services, and well-structured public transport system. The UAE has been recognized as the fifth best globally and the top performer among Arab countries in terms of road quality. Additionally, the country ranked ninth globally and first among Arab nations for the efficiency of its port…
IIT-Madras has announced funding of up to Rs 5 crore to support innovative sportstech startups in India, aiming to bridge the gap between technology and the sports industry. The initiative, led by the IIT-Madras Pravartak Technologies Foundation and the Centre of Excellence in Sports Science and Analytics (CESSA), aims to nurture startups focusing on AI and IoT-based solutions, media and entertainment, fan engagement, athlete performance, esports, sports education, data analytics, commerce, and community-building. Startups interested in support can apply through the Pravartak website, with shortlisted submissions presenting their business at the ‘IIT Madras Sports Technology Start-up Conclave.’ Ramesh Kumar, CEO…
Sridhar Vembu, the founder and CEO of SaaS giant Zoho Corporation, has announced that the company will invest in Yali Aerospace, a drone startup based in Thanjavur. Yali Aerospace, founded by husband-wife duo Dinesh Baluraj and Anugraha, has developed a cutting-edge fixed-wing drone with vertical takeoff and landing capabilities. The drone, designed to address critical delivery challenges, boasts a range of 150 kilometers, can carry a payload of up to 7 kilograms, and reaches a maximum speed of 155 km/hr. This advanced technology is poised to transform emergency medical deliveries by efficiently transporting medicines and organs to remote hospitals, thereby…
Nigeria, known for its vast mineral resources, is emerging as a key player in the global mining industry. With a diverse range of minerals including gold, coal, iron ore, and tantalite, the country has the potential to become a major mineral hub in Africa. The development of Nigeria’s mineral sector is not only creating opportunities for investors but also driving economic growth and development across the country. One of the key opportunities presented by Nigeria’s mineral hub is the attraction of foreign direct investment (FDI). International mining companies are increasingly looking towards Nigeria as a favorable destination for investment due…
The Adani Group, a prominent conglomerate, is reportedly venturing into the e-commerce and payments space to establish a digital company that could rival industry giants like Google and Reliance Industries in India. Sources cited by the Financial Times (FT) indicate that the company is in discussions to expand its digital footprint and tap into the country’s burgeoning consumer technology market. One of the key strategies being considered by the Adani Group is to secure a license to operate on the Unified Payments Interface (UPI), a widely used public digital payments network in India. Additionally, the conglomerate is in talks with…
A small village in Punjab, India, has become the latest home to a replica of the iconic Statue of Liberty. The unexpected addition to an under-construction house has left the internet in stitches after a video capturing the moment went viral. The footage, shared on X with the caption “Somewhere in Punjab the THIRD liberty statue is installed,” has amassed lakhs of views and sparked a flurry of comments and explanations. For residents of Punjab’s Doaba region and beyond, ornately designed water tanks or sculptures are a familiar sight. These elaborate rooftop decorations often signify that a family member has moved abroad, even if their new life is not particularly glamorous. One…
The UAE’s Federal Tax Authority (FTA) has introduced a comprehensive guide detailing how Corporate Tax regulations apply to businesses in the country’s free zones. This guide is an essential resource for thousands of companies operating within these zones. Key Information for Free Zone Businesses Published this month, the guide offers critical insights for businesses operating in UAE free zones. It clarifies the conditions that companies must meet to qualify for the 0 percent Corporate Tax rate on certain income streams, providing much-needed guidance on navigating the new tax landscape. Definition of Qualifying Free Zone Person (QFZP) Central to the new regulations is the concept of a “Qualifying Free Zone Person” (QFZP). A QFZP is a free zone business that meets specific requirements related to substance, reporting,…
Google has taken a significant step in its India expansion strategy by securing a substantial amount of office space in Bengaluru. This move is part of a broader plan to strengthen its presence in key Indian cities. According to a report by the Economic Times, Google has leased 649,000 square feet of office space in Alembic City, Whitefield, Bengaluru. The lease agreement includes a three-year lock-in period, with a monthly rental rate of Rs 62 per square foot. This translates to a significant monthly rent of over Rs 4 crore (Rs 4,02,38,000). Strategic Relocation of Positions This new office space acquisition follows recent organizational changes within Google. Earlier this month,…
A recent online survey by The Economic Times reveals that the main issue preventing many Indians from fully transitioning to electric vehicles (EVs) is range anxiety. Unlike the widespread availability of petrol stations, charging infrastructure for EVs is significantly limited, even in major metropolitan areas. New Research Brings Fast Charging Closer to Reality Picture a future where a short chai break is sufficient to fully charge your electric car during a road trip. This futuristic scenario is becoming more attainable thanks to pioneering research co-authored by Ankur Gupta, a researcher of Indian descent at the University of Colorado. The Economic…
In the bustling corridors of Naver 1784 Tower, where innovation meets enterprise, a remarkable transformation is underway in the realm of coffee service. At the heart of this revolution stands Rookie, the autonomous service robot, redefining the traditional Starbucks experience with its seamless and efficient service. Naver 1784 Tower: A Nexus of Innovation Nestled in Seongnam, South Korea, Naver 1784 Tower serves as a testament to Naver’s commitment to pioneering technology. As the world’s largest robotics testbed, it symbolizes the convergence of cutting-edge robotics, artificial intelligence, and cloud computing. Rookie: The Barista of Tomorrow At Starbucks within Naver 1784 Tower, patrons are greeted not by human baristas but…