Author: News Desk

Exciting Road Show Kick-Off The Huddle Global Road Show began with the Kochi Edition on August 23, 2024, at KSUM, Kalamassery. Attendees had the chance to connect with innovators, entrepreneurs, and industry leaders ahead of the main event. The roadshow will continue in Trivandrum and Kozhikode, setting the stage for what promises to be a remarkable conference. Huddle Global 2024: Bigger and Better Huddle Global 2024 is set to surpass its predecessors, offering expanded opportunities and investments. This year’s event promises to be larger in scope, featuring more extensive participation from key industry players. Insights from Anoop Ambika Anoop Ambika,…

PhonePe has introduced a new credit line feature on the Unified Payments Interface (UPI). This launch comes nearly a year after the National Payments Corporation of India (NPCI) first introduced the UPI credit line feature. The new functionality allows users to access short-term credit directly through UPI, enhancing their payment options. Enhanced Merchant and Customer Experience With this feature, merchants using PhonePe’s Payment Gateway can offer an additional payment method during checkout. This integration aims to reduce transaction friction and decrease cart abandonment, ultimately driving higher sales. The credit line facilitates low-ticket, high-volume retail loans, benefiting both consumers and merchants.…

Anand Mahindra, the renowned industrialist and social media influencer, has recently rekindled his fond memories of Mysore, a city he recalls from his childhood. In a tweet, Anand Mahindra shared his nostalgic experiences of stopping in Mysore on his way to Ooty during his boarding school years. He expressed a renewed interest in exploring Mysore, which he views as a symbol of India’s evolving travel appeal. Anand Mahindra’s curiosity about Mysore was sparked by a detailed post from a user on X (formerly Twitter), who visited the city three times last year. The user’s thread highlighted several compelling reasons to…

The Land Rover Range Rover Electric is set to make a big impact in the luxury SUV world, combining the brand’s famous design with cutting-edge electric technology. Here’s a detailed look at what this new electric SUV has to offer: Design and Appearance The Range Rover Electric will look very similar to the traditional Range Rover but with some modern updates. While it keeps the classic Range Rover style, it will feature new design elements that make it clear it’s an electric vehicle. Specifications Features and Technology The new Range Rover Electric will come with several advanced features: Launch and…

Bhavish Aggarwal, CEO of Ola Electric Mobility, has seen an extraordinary rise in his wealth following Ola Electric’s initial public offering (IPO). Since the IPO launched on August 2, the company’s stock value has surged dramatically, doubling investors’ money and boosting Bhavish’s net worth to a staggering ₹21,000 crore. Surge in Stock Value The surge began with Ola Electric’s stock debut on August 9. Over the next seven trading days, the stock price skyrocketed by 107%, climbing from ₹76 to ₹157.53. This remarkable increase saw the stock hit the upper circuit limit four times. Despite a minor 12% decline after…

Salil Parekh, the CEO of Infosys, ranks as one of the highest-paid executives in India’s IT sector. His compensation for FY24 underscores his prominent position within the industry. Compensation Details In the fiscal year 2024 (FY24), Salil Parekh received a total compensation of Rs 66.25 crore. This significant figure primarily stemmed from the exercise of restricted stock units (RSUs), an equity compensation method for employees. Comparison with Industry Peers Parekh’s compensation places him second among Indian IT company CEOs, trailing only Thierry Delaporte, the former CEO of Wipro, who earned approximately Rs 166 crore in FY24. Delaporte, who joined Wipro in June 2020 under…

Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, has unveiled plans for a new 500-metre beach exclusively for women in the Lulu’iya area of Khorfakkan. This initiative aims to provide a private and secure environment for women, complete with a range of facilities and services. Beach Features and Facilities The new beach will feature essential amenities including a café, medical clinic, and prayer room, ensuring a comfortable experience for women and children. Additionally, the beach will have dedicated areas for bathing, exercise, rest, and shaded areas with umbrellas. Infrastructure Developments In addition…

The export of Zari embroidery from India has seen remarkable growth, highlighting its contribution to the ‘Made in India’ campaign. Between March 2023 and February 2024, India exported 309 shipments of Zari embroidery, marking a 39% increase compared to the previous year. This surge in exports demonstrates the global appeal and demand for Indian craftsmanship. Significant Monthly Increase In February 2024 alone, India made 54 Zari embroidery shipments, showcasing a 93% year-on-year growth from February 2023 and a 145% sequential growth from January 2024. This substantial increase underlines the rising popularity of Indian Zari products in international markets. Key Export…

The Karnataka Cabinet has approved the construction of the Bengaluru Skydeck, which is set to become South Asia’s tallest structure with a towering height of approximately 250 metres. This ambitious project, estimated to cost Rs 500 crore, promises to significantly enhance the city’s infrastructure and offer a panoramic 360-degree view of Bengaluru, India’s tech hub. Height and Comparison To put its height into perspective, the Skydeck will surpass the Qutub Minar in Delhi, which stands at 73 metres, by over three times. Bengaluru’s current tallest building, the CNTC Presidential Tower, measures about 160 metres. Project Details The Skydeck will be…

The Indian government has approved support for the development of advanced drone cameras featuring facial recognition technology. This initiative is led by Trois Infotech, a startup based in Technopark,Kerala, which has been granted ₹1.5 crore from the Telecom Technology Development Fund administered by the Ministry of Communications. Local Development of High-Tech Drones Currently, India imports such sophisticated drones from Israel, with each unit costing approximately ₹2.5 crore. The new project aims to develop these advanced drone cameras domestically, potentially reducing the cost to around ₹25 lakh per unit. This local production effort is expected to improve cost efficiency and effectiveness…