Author: News Desk
Divya Gokulnath, co-founder of Byju’s, stands at a pivotal point in her career as she navigates the challenges facing one of India’s largest edtech companies. Once celebrated as one of India’s richest women entrepreneurs, with a wealth estimated at ₹4,550 crore, Divya’s journey reflects both remarkable achievements and significant hurdles. As Byju’s grapples with legal and financial troubles, her role in the company becomes even more crucial. This article explores Divya’s early life, her rise to prominence in the edtech space, and the current challenges that lie ahead. Early Life and Education Divya Gokulnath was born in 1987 in Bengaluru,…
The Indian government is gearing up to launch the Bharat Urban Megabus Mission, a massive initiative aimed at transforming urban transportation by introducing 100,000 electric buses in major cities across the country by 2025. This ambitious project, with a budget of ₹1.75 lakh crore, is part of India’s broader effort to improve public transport, reduce pollution, and promote sustainable urban mobility. Electric Buses and Infrastructure Upgrade The Bharat Urban Megabus Mission is designed to cover all cities with over a million residents, focusing on the integration of electric buses and supporting infrastructure. This includes bus stops, terminals, and depots to…
Dubai Customs is set to launch a cutting-edge digital platform designed to streamline the warehouse leasing process across the UAE. This platform, dubbed the ‘Airbnb of warehouses’, was showcased at Gitex Global 2024 and promises to provide warehouse owners with a one-stop solution for listing their properties for rent. Centralized System for Warehouse Leasing The new Warehouse Platform will simplify the registration and leasing process for various types of warehouses, from dry storage to air-conditioned facilities, through a centralized digital system. Owners can easily list their available properties, giving potential tenants a variety of options to choose from based on…
India has quietly taken a significant step to boost its defense capabilities by launching its fourth nuclear-powered ballistic missile submarine (SSBN) at the Ship Building Center (SBC) in Visakhapatnam. This new submarine is part of the country’s ongoing efforts to strengthen its nuclear deterrence, especially against potential adversaries in the Indo-Pacific region. Progress in India’s SSBN Program India’s SSBN program has seen steady progress in recent years. On August 29, 2024, Defence Minister Rajnath Singh commissioned the second SSBN, INS Arighaat. The third submarine in this class, INS Aridhaman, is scheduled to be commissioned next year. The latest submarine, codenamed…
Recently, a video went viral on social media, claiming that Bollywood actor Salman Khan issued a threat to Lawrence Bishnoi following the murder of senior politician Baba Siddique on 12 October. The video was widely shared alongside reports suggesting that Siddique’s murder was connected to his close ties with Salman Khan. The Lawrence Bishnoi gang even claimed responsibility for the killing, warning those associated with Salman Khan. The Viral Video is Misleading Channel IAM Fact Check investigated the viral claim and found it to be false. Our team began by conducting a keyword and reverse image search, which led us…
Aishwarya Sheoran’s journey is a remarkable tale of ambition, versatility, and determination. From the glitzy world of beauty pageants to the challenging corridors of civil services, she defied expectations and carved a unique path. Despite her success as a model and a finalist in the Femina Miss India 2016 pageant, Aishwarya never lost sight of her true goal, to serve her country as an IAS officer. Her transition from a beauty queen to a respected civil servant showcases not only her talent but also her unwavering commitment to her dreams. Early Life and Academic Excellence Aishwarya Sheoran was born in…
Zepto is in discussions to secure $100-150 million in new funding from Indian family offices and high-net-worth individuals (HNIs) as it prepares for its upcoming initial public offering (IPO). The quick commerce leader aims to increase domestic investor participation in its capital structure ahead of the IPO, which is expected next year. Recent Funding Success In the past 14 months, Zepto has raised over $1.2 billion to strengthen its balance sheet for its market debut. Sources indicate that the new funding round aims to boost domestic ownership among investors. Motilal Oswal’s private investment arm is likely to lead this round,…
Philanthropist Sudha Murty and her husband, Infosys founder Narayana Murthy, are making headlines once again. The couple recently gifted their four-month-old grandson, Ekagrah Rohan Murty, shares valued at approximately Rs 240 crore, making him one of the youngest millionaires in India. With this gift, he now holds a 0.04% stake in Infosys, amounting to 1.5 million shares. This transfer caused Narayana Murthy’s personal stake in the company to decrease from 0.40% to 0.36%. Welcoming a New Generation Ekagrah, born in November 2023, brought immense joy to the Murthy family as Narayana and Sudha celebrated the arrival of their third grandchild.…
Lulu Retail Holdings, one of the largest hypermarket chains in the Middle East, has initiated an initial public offering (IPO) that may become the biggest in the UAE this year. The offering comes at a time when the region is experiencing a retail spending surge, encouraging domestic companies to pursue listings in the sector. IPO Details and Expectations The IPO, which will take place from October 28 to November 5, will offer over 2.582 billion shares. These shares are anticipated to begin trading on the Abu Dhabi Securities Exchange on November 14. According to sources familiar with the deal, the…
Chinese automobile manufacturer Chery has introduced an innovative flying car prototype at the Chery Global Innovation Conference in Anhui, China. Named the “Land and Air Vehicle,” this groundbreaking design features no steering wheel or accelerator and boasts full autonomous driving capabilities. The prototype has successfully completed a 50-mile test flight, showcasing Chery’s commitment to enhancing its position in the global automotive market. A New Era in Transportation The Land and Air Vehicle is a three-body hybrid-wing flying car designed without traditional controls like a gas pedal. It consists of three main components: an aircraft, an intelligent cockpit, and an intelligent…