Author: News Desk
In a world marked by ambition and entrepreneurial spirit, a select group of individuals has risen to the pinnacle of wealth, amassing fortunes that rival the GDP of entire nations. These titans of industry, driven by innovation and strategic acumen, wield immense influence over the global economic landscape. Let’s take a closer look at the top 10 billionaires, their remarkable achievements, and the profound impact they have on the world. 1. Bernard Arnault & Family – LVMH (France) Bernard Arnault leads the pack as the CEO and chairman of LVMH, the world’s premier luxury goods conglomerate. With iconic brands like…
In the annals of India’s startup ecosystem, Byju’s was not just a company, it was a phenomenon. Founded in 2011 by Byju Raveendran, the edtech startup swiftly soared to unprecedented heights, becoming the country’s most valuable startup with a staggering peak valuation of $22 billion in 2022. Byju’s innovative learning app revolutionised education, offering a comprehensive platform catering to students from primary school to MBA aspirants. The Downward Spiral However, the euphoria surrounding Byju’s has dissipated rapidly in recent times, replaced by a pall of uncertainty and financial turmoil. The company’s meteoric rise was followed by an equally dramatic fall,…
Karnataka has embraced a support-and-collaboration strategy to encourage the growth of startups and eliminate hurdles hindering their progress. Priyank Kharge, the Minister of IT & BT, Rural Development, and Panchayati Raj, shed light on the state government’s initiatives during an exclusive interaction with Inc42. Beyond merely providing financial assistance, Karnataka is focused on facilitating a conducive environment for startups. This includes offering plug-and-play infrastructure, facilitating access to global markets, and supporting the adoption of emerging technologies. One of the significant strides taken by the government is engaging directly with venture capitalists (VCs) to address the funding needs of startups comprehensively.…
Responses under the Right to Information Act have unveiled that the Indian Railways garnered over Rs 5,800 crore in additional revenue from senior citizens following the withdrawal of concessions in train fares four years ago. The Railway Ministry made the decision to withdraw concessions in train fares for senior citizens on March 20, 2020, coinciding with the nationwide lockdown due to Covid-19. Previously, senior citizens were entitled to a 50 per cent concession for females and a 40 per cent concession for males and transgender passengers on train fares. Since the withdrawal of concessions, senior citizens are now required to…
The Founder and CEO of leading cloud software provider Zoho Corporation, Sridhar Vembu, has issued a pivotal message to startups worldwide: “It’s big time to invest in India.” Addressing young entrepreneurs globally, Vembu remarked, “India presents the most opportune moment for investments.” “Confidence in India’s prosperity is well-founded; it boasts one of the most dynamic and robust economies globally. India is poised for steady growth over the coming decades,” posted Vembu on his LinkedIn. “I’ve spoken with numerous industrial establishments, major companies, colleges, and various forums across India and abroad. The response from Indians living abroad, eager to return to…
Renowned Hollywood power couple Jennifer Lopez and Ben Affleck have made waves in the real estate world with their recent acquisition of a lavish mansion in Los Angeles. According to a report by The Economic Times, the sprawling property, previously owned by Isha Ambani, daughter of Indian tycoon Mukesh Ambani, exchanged hands for an eye-watering USD 61 million (approximately Rs 494 crores). Unveiling the Mansion’s Magnificence Situated on a sprawling 5.2-acre plot in the prestigious Beverly Hills area, the mansion stands as a testament to opulence and grandeur. Boasting an impressive array of amenities, including 12 bedrooms, 24 bathrooms, an…
Following the mega rally showcasing Opposition unity organised by the Aam Aadmi Party at Delhi’s Ramlila Maidan, a bird’s-eye-view photo purportedly depicting the event circulated widely across social media platforms. Some posts even claimed it to be scenes from the recent INDIA bloc alliance rally, with captions like “Modi toh giyo. #INDIAAlliance.” Fact-Checking Unveils the Truth ChannelIAM Fact Check delved into the origins of the viral image and uncovered a startling revelation. Contrary to its purported context, the image actually dates back to February 2019, depicting a mega Opposition rally in West Bengal ahead of the Lok Sabha elections. Tracing…
A senior government official affirmed India’s openness to the import of electric vehicles (EVs) from any country, including China, under the new EV policy in a recent interview with CNBC-TV18. Rajesh K Singh, Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT), highlighted the robust response from global EV manufacturers to the policy. He further emphasized the importance of quarterly disbursement of production-linked incentives (PLI) to all government departments. Singh clarified that there are currently no restrictions on imports from China, citing the presence of BYD vehicles on Indian roads after payment of relevant import duties. However, he noted…
Amidst the global excitement surrounding Devin, the pioneering “AI software engineer” developed by Cognition Labs in the US, India steps onto the stage with its own contender – Devika. Crafted as an open-source endeavour by Mufeed VH (Hamzakutty) of Lyminal and Stition.AI, Devika sets out to challenge Devin’s prowess head-on. Empowering Developers with AI Devika mirrors Devin’s utilisation of machine learning (ML) and natural language processing (NLP) to comprehend human commands. However, its distinctive focus lies in dissecting these directives into actionable tasks. Through independent research and autonomous code generation, Devika aims to fulfil designated objectives. A Transparent Alternative In…
In the quest for achieving emission-free driving, automotive giants worldwide are rolling out an increasing array of electric vehicles (EVs), making ownership more attainable than ever. Despite the hurdles faced by EVs, continuous advancements in technology are propelling us towards a greener future. While battery-powered EVs have dominated the conversation, hydrogen-powered vehicles offer a compelling alternative. Utilising hydrogen as a fuel source, these fuel-cell electric vehicles (FCEVs) operate similarly to their battery-powered counterparts, drawing energy from fuel cells instead of traditional fossil fuels. The Appeal of Hydrogen-Powered Vehicles One of the major advantages of FCEVs is their quick refuelling time,…