Author: News Desk

Abu Dhabi has introduced an interest-free, long-term loan program for licensed Emirati startups in key sectors, offering loans ranging from Dh150,000 to Dh3 million. This initiative is part of a new funding suite from the Khalifa Fund for Enterprise Development, aimed at supporting the growth of local businesses. Start-Up Funding Programs The funding program includes several options tailored to different business needs: Expansion Loans The Expansion Loan is tailored for successful SMEs looking to grow their operations. This program offers financing up to 80% of total expansion costs, with limits of Dh3 million for manufacturing businesses and Dh2 million for other priority sectors. Agri-Tech Funding Program To promote modern agricultural…

Mukesh Ambani, Asia’s richest man, recently celebrated the wedding of his youngest son, Anant Ambani, to pharmaceutical heiress Radhika Merchant in a lavish three-day event at the Jio World Centre in Mumbai. The high-profile wedding, which began on July 12, was marked by stringent security measures, including QR codes and color-coded wristbands for guest access to various zones within the venue. The festivities kicked off with the wedding ceremony attended by an array of global celebrities, business tycoons, cricketers, film stars, and politicians. On July 13, a blessing ceremony called ‘Shubh Ashirwad’ was held, graced by the presence of Prime…

Anant Ambani, the youngest son of Asia’s richest individual, recently married Radhika Merchant, and as part of the grand celebration, he gifted his groomsmen stunning luxury watches. Luxurious Gifts for Special Friends Among the notable groomsmen were Bollywood stars Shahrukh Khan, Ranveer Singh, and Shikhar Paharia, all of whom received limited-edition Audemars Piguet watches valued at ₹2 crore each. This thoughtful gesture reflects Anant’s appreciation for his close friends during this significant occasion. Features of the Opulent Timepiece The watches gifted by Anant Ambani are remarkable in both design and craftsmanship. Each piece boasts a thickness of 9.5 mm and…

Indian Railways has teamed up with the Delhi Metro Rail Corporation (DMRC) and the Centre for Railway Information Systems (CRIS) to introduce the ‘One India – One Ticket’ initiative. This collaboration aims to enhance the travel experience for passengers using railway and Metro services within Delhi/NCR. A key development in this initiative is the beta launch of DMRC QR code–based tickets, which occurred on Wednesday. This feature allows main line railway passengers to book Delhi Metro tickets directly through the IRCTC website and the Android version of the mobile application. The full-scale launch of this service is expected in the…

The wedding of Anant Ambani and Radhika Merchant was not just a celebration of love but a grand showcase of luxury and culinary artistry. This event, hailed as one of the most extravagant weddings in history, attracted a star-studded guest list and featured an extraordinary gastronomic experience. A Star-Studded Culinary Team To elevate the dining experience, the Ambani family enlisted renowned chefs Virgilio Martínez and Avinash Martins. Chef Martínez, celebrated for his innovative approach and the mastermind behind Lima’s Central—named the world’s best restaurant in 2023—was flown in from Peru. Joining him was Goan chef Avinash Martins, whose expertise in…

The leading private companies including Reliance Jio, Bharti Airtel, and Vodafone Idea have implemented price hikes for their recharge plans starting from early July 2024. This move prompted a significant number of users to consider switching to Bharat Sanchar Nigam Limited (BSNL), attracted by its comparatively lower-cost plans. Reliance Jio initiated the rate increase, followed closely by Airtel and Vodafone Idea. The new tariffs took effect on July 3rd and July 4th, marking a notable shift in the telecom pricing landscape. As word spread of BSNL’s competitive rates, a wave of mobile number porting activities ensued among users of other…

The Global Sports Tower is set to be a pivotal part of the Sports Boulevard project in Riyadh, aiming to transform the city into a futuristic urban environment. This ambitious initiative is expected to positively impact the Kingdom’s economy and enhance its global reputation. Approval and Ambitious Design The board of directors of the Sports Boulevard Foundation, led by Crown Prince Mohammed bin Salman, has officially approved the designs for the Global Sports Tower. This iconic structure will rise along Prince Mohammed bin Salman bin Abdulaziz Road, becoming a defining feature of the broader Sports Boulevard project. Impressive Specifications Standing…

Israeli startup AccuLine has successfully completed a Seed funding round, raising $4.2 million with the backing of eHealth Ventures and Maccabi Healthcare Services. This investment will facilitate the ongoing development and commercialization of their innovative system, CORA, which is designed for the early detection of coronary artery disease (CAD). Company Background and Founding Team Founded in early 2022, AccuLine is led by a team of four: CEO Moshe Barel, Prof. Aharon Frimerman, head of Interventional Cardiology at Hillel Yaffe Medical Center, Prof. Shai Revzen from the University of Michigan’s computer science department, and CTO Benny Shani. Currently, the company operates…

The Tata Curvv will be equipped with a new 125 hp, 1.2-litre, three-cylinder turbo-petrol engine, available in both manual and automatic transmissions. The diesel variants will utilize the Nexon’s 1.5-litre, four-cylinder engine. For the electric version, Tata will use its Gen 2 acti.ev architecture, which is expected to provide a range of 450-500 km. Tata Curvv: Exterior and Interior Design The design of the Tata Curvv is influenced by the Nexon, featuring Tata’s characteristic split-LED headlamp setup and glossy black cladding on the sides. It also includes a split tail-lamp setup and a distinctive coupe-like roofline. The EV and ICE…

Ganapathy Subramaniam, formerly of Celesta Capital, and Mathew Cyriac, previously with the Blackstone Group, have announced the launch of Yali Capital, a deeptech-focused venture fund. The fund, which has a target corpus of Rs 810 crore (including a Rs 310 crore greenshoe option), aims to invest in cutting-edge sectors such as chip design, robotics, genomics, smart manufacturing, aerospace, and AI. Speaking at the launch event in Bengaluru, Subramaniam highlighted the fund’s commitment to deep mentorship for startups, supported by globally recognized Limited Partners (LPs) and advisors. “By September of this year, we plan to have invested in at least four…