Author: News Desk

Saudi Arabia has launched its first autonomous air taxi flight service, aiming to revolutionize the transportation of Hajj pilgrims. The inaugural tests featured the EH216-S, an electric vertical takeoff and landing (eVTOL) aircraft developed by the Chinese company EHang. This pilotless vehicle is touted as the world’s first air taxi licensed by a civil aviation authority, highlighting a significant leap in advanced air mobility. The historic flight was conducted in Mecca, following special approval from the General Authority of Civil Aviation (GACA). EHang, in collaboration with its local partner, Front End, showcased the two-seat autonomous aircraft. Front End is playing…

In a revelation that captivated the political landscape of Odisha, Santrupt Misra, the former HR head of Aditya Birla Group, emerged as the wealthiest candidate in the Lok Sabha elections, representing the BJD from Cuttack. As reported by the Times of India (TOI),Santrupt Misra’s declared assets stood at an astounding Rs 461 crore, positioning him at the apex of financial influence in the electoral arena. At 58 years old,Santrupt Misra’s foray into politics came in February when he decided to transition from his corporate career to join the BJD, following his voluntary retirement from the Aditya Birla Group. The meticulous…

Prime Minister Narendra Modi inaugurated the newly reconstructed campus of Nalanda University, an iconic symbol of India’s ancient educational heritage. The project, valued at Rs 1700 crore, marks a significant milestone in the revival of this legendary institution, drawing on its storied past while embracing the future. Situated roughly 90 kilometers from Patna and just 12 kilometers south of Bihar Sharif, the ruins of Nalanda University stand as a testament to its grandeur as a global center of learning. Founded around 450 CE by Gupta Emperor Kumaragupta I, Nalanda University was celebrated as the world’s second-oldest university after Takshashila and…

Patchi Chocolates, a name synonymous with luxury and indulgence, has carved a niche for itself in the world of premium chocolates. For travelers and residents of the Middle East, the sight of Patchi’s iconic logo is instantly recognizable, not just for its reputation but for the unique sensory experience it promises. Since its inception in 1974, Patchi has elevated the art of chocolate gifting into a celebrated tradition, earning the title of “the world’s finest chocolate host.” From the moment you encounter a Patchi product, the brand claims that you are invited into a world where taste, aroma, texture, and…

Mumbai has once again been crowned as India’s most expensive city for expatriates, according to the 2024 Cost of Living survey by HR consultancy Mercer. This year, the city climbed 11 spots globally to rank 136th among 226 cities surveyed worldwide. Mumbai has consistently held the top spot as India’s priciest city since Mercer began the survey in 2013. The global top ten list of the most expensive cities remains dominated by financial and technological hubs. Hong Kong continues to lead, followed by Singapore, Zurich, Geneva, Bern, New York City, London, Nassau, and Los Angeles. Among Indian cities, New Delhi…

The Indian National Space Promotion and Authorisation Centre (IN-SPACe) has introduced the Pre-Incubation Entrepreneurship (PIE) development programme, aimed at nurturing early-stage space startups. This ambitious initiative is designed to cultivate the next generation of space technology innovators in India. The PIE development programme spans 21 months and offers a comprehensive roadmap for aspiring entrepreneurs, divided into three key phases: ideation, innovation, and prototype development. The programme is structured to provide crucial support at each stage, ensuring that participants receive the guidance and resources needed to bring their space-related ideas to fruition. Dr. Pawan Goenka, Chairman of IN-SPACe, emphasized the strategic…

Indian cricket captain Rohit Sharma has made a strategic investment in LEO1, an edu-fintech startup formerly known as Financepeer. The announcement came on Tuesday, marking a significant milestone for LEO1 as it aims to address long-standing cash-flow issues in educational institutions and provide innovative financial solutions for students across India. Founded in 2018, LEO1 has been at the forefront of integrating financial technology with education. The company plans to use Sharma’s investment to drive further innovation, enhance its technology, and expand its services. In a statement, Rohit Sharma expressed his excitement about partnering with LEO1. “I am thrilled to support…

Indian cricket star Virat Kohli has soared to new heights with a remarkable increase in his brand value. According to the latest Kroll Celebrity Brand Valuation Report 2023, Kohli’s brand is now valued at $227.9 million, marking a substantial $51 million surge from the previous year. The report highlights Kohli’s diverse portfolio encompassing over 40 brands across various industries, underscoring his appeal as a brand ambassador. Notably, he recently joined forces with the Indian arm of Hongkong and Shanghai Banking Corporation (HSBC) as a prominent brand influencer. Surpassing Bollywood powerhouse Ranveer Singh, who holds the second position with a brand…

Within Tata Sons, a prominent Indian conglomerate, a unique piece of history endures: Maharawal Virendrasinhji Chauhan, former ruler of Chota Udaipur in Gujarat, still holds onto a symbolic share, despite his passing in 2005.During the 1980s, Maharawal Virendrasinhji was entrusted with several Tata Sons shares, likely a gesture of trust stemming from his close relationship with JRD Tata. Though the exact number remains unclear, his son, Jai Pratap, recounts the legacy of this ownership, noting its origin in a time of internal reorganization within the company. Preserving a Singular Connection In 1998, amid ventures in Bengaluru’s garment manufacturing sector, Maharawal…

A record 6,700 millionaires are expected to relocate to the UAE by the end of this year, solidifying the Emirates as the leading destination for high-net-worth individuals (HNWIs). This finding comes from a survey by Henley & Partners, an international investment migration advisory firm. Luxury Lifestyle and Favorable Policies The UAE’s zero income tax, golden visas, and luxury lifestyle have been major draws, securing its position as the world’s wealth magnet for the third consecutive year. The country is set to attract nearly twice as many millionaires as its closest competitor, the US, which is forecast to see 3,800 millionaires…