Author: News Desk

In the realm of billionaires, Elon Musk, the enigmatic CEO of Tesla and SpaceX, has been dethroned as the world’s richest person. This marks the first time in nine months that Musk has surrendered his title, yielding it to Jeff Bezos, the founder of Amazon.com Inc., as Tesla shares experienced a 7.2% tumble on Monday. Bezos Reclaims Top Position Amidst Wealth Fluctuations As per Bloomberg’s wealth ranking, Jeff Bezos, with a fortune now totaling $200.3 billion, has surpassed Musk’s net worth of $197.7 billion. Notably, this marks Bezos’s return to the apex of the wealth index since 2021, reflecting the…

A recent survey conducted by LocalCircles has unveiled significant opposition among citizens towards the imposition of a transaction fee on the Unified Payments Interface (UPI). The survey, which collected over 34,000 responses from individuals across 364 districts, sheds light on the sentiments of UPI users regarding potential fees and their usage patterns. Citizens’ Response to Transaction Fee The survey revealed that a majority, constituting 73% of respondents, expressed their unwillingness to continue using UPI if a transaction fee were introduced. Conversely, 23% of participants indicated their willingness to bear such charges. Interestingly, 37% of the surveyed UPI users reported experiencing…

The renowned Venkateswara Swamy Temple in Tirumala, situated in the southern Indian state of Andhra Pradesh, stands as a testament to the rich cultural and religious heritage of the region. Known as one of the wealthiest Hindu temples globally, the Tirumala Temple witnessed a significant financial milestone in February, with its annual income soaring to an impressive Rs 111.71 crore. This significant financial achievement underscores the enduring spiritual and cultural significance of the temple, drawing millions of devotees from across the country and beyond its borders. Managed by the Tirumala Tirupati Devasthanams (TTD), the temple administration has been steadfast in…

India has instructed technology companies to obtain its approval before publicly releasing artificial intelligence (AI) tools that are deemed “unreliable” or still in the testing phase. The tools should also be labelled to indicate their potential to provide incorrect answers to user queries, according to an advisory issued by the country’s IT ministry last Friday. The use of such tools, including generative AI, and their availability to Indian internet users must be authorized explicitly by the Government of India, the advisory stated. This move aligns with global efforts to establish regulations for AI, as India has been tightening regulations for…

Godrej Properties has finalized agreements to develop a significant township project in North Bengaluru, adopting a profit-sharing model. The projected booking value for this venture stands at approximately ₹5,000 crore. Situated across 62 acres in a prime area of North Bengaluru, the project will boast a saleable area of 5.6 million square feet, primarily comprising premium residential apartments of various configurations. Although the agreement for the sale of this land, encompassing the 62-acre parcel, was initially made in 2014, development couldn’t commence at that time. However, in recent months, the development opportunity on the land has materialized, and Godrej Properties…

A startup based in Massachusetts is gearing up to delve more than 12 miles into the Earth’s crust to tap into what experts describe as a “million-year energy source” beneath our feet. Quaise Energy, as detailed in a press release by BusinessWire, has secured $40 million to kickstart an ambitious geothermal project born out of research conducted at the Massachusetts Institute of Technology (MIT). If successfully realized, this venture could swiftly transform the global energy landscape with cleaner and virtually limitless power accessible worldwide. According to Quaise, the plan involves leveraging existing power plants, infrastructure, and skilled work crews to…

Karnataka Chief Minister Siddaramaiah has called for an urgent meeting of senior police officers following a blast incident that occurred at Rameshwaram Cafe in Bengaluru on Friday, March 1st. The cafe, a popular haunt often frequented by celebrities, was rocked by the explosion which left at least 10 people injured. According to PTI reports citing official sources, CCTV cameras installed at Rameshwaram Cafe and neighboring areas have captured images of the suspect’s movements. Authorities express confidence in the leads obtained from these images, indicating progress towards apprehending the culprit. Meanwhile, Karnataka Deputy Chief Minister DK Shivakumar, who visited the blast…

Rihanna stole the spotlight at Anant Ambani and Radhika Merchant’s pre-wedding festivities with a mesmerising performance. The global music sensation captivated the audience in Jamnagar with a stellar lineup of her chart-topping hits, turning the event into a memorable RiRi concert experience. Decked out in a striking fluorescent green bodycon outfit paired with a shimmering gown, Rihanna exuded glamour as she mingled with esteemed guests at the lavish celebration. Expressing gratitude to the Ambani family during her on-stage address, she extended warm wishes to the soon-to-be-married couple, Anant and Radhika, thanking them for the opportunity to be part of their…

Reliance Industries and Walt Disney have revealed plans for a merger of their India TV and streaming media assets, marking a significant collaboration in the entertainment industry. The joint venture (JV), valued at $8.5 billion, aims to deliver a comprehensive range of shows and sports content to users across India and beyond. Nita Ambani, a prominent figure in Reliance Industries, is set to take the helm of the merged entity as the chairperson of the board. Accompanying her is former top Disney executive Uday Shankar, who will serve as the vice chair. This leadership duo is poised to steer the…

Thomas Jordan, Chairman of the Swiss National Bank (SNB), has announced his early departure in September, three years ahead of schedule. His tenure has been marked by navigating crises such as Credit Suisse’s collapse and managing a surging Swiss franc. Jordan, who joined the SNB in 1997 and became chairman in 2012, believes it is the right time to step aside after overseeing one of the most tumultuous periods in the central bank’s 117-year history. Jordan reflects on his tenure, highlighting the absence of quiet periods since he joined the SNB’s board in 2007. From one crisis to another, he…