Author: News Desk
In a bid to foster closer collaboration between federal regulators and India’s burgeoning fintech sector, Finance Minister Nirmala Sitharaman has proposed a series of initiatives aimed at addressing the concerns and issues faced by start-ups and fintech companies. The move comes following a high-level meeting convened by Sitharaman with representatives from fintech firms, regulatory bodies, and various government departments. Addressing Regulatory Concerns During the meeting, which took place against the backdrop of recent regulatory actions, including the Reserve Bank of India’s (RBI) measures against Paytm Payments Bank, Sitharaman underscored the importance of fostering innovation within the financial services sector while…
The Gaganyaan Astronaut Team, under the leadership of Prashant Balakrishnan Nair, is on the brink of embarking on a historic mission. The team’s ambitious objective is to launch a crew of three members into a 400 km orbit, thereby achieving a significant milestone in space exploration for the nation. This daring mission, set to span three days, is poised to showcase India’s prowess in space research and technology. During their time in orbit, the team will conduct vital research and experiments, contributing to the advancement of scientific knowledge and understanding of space phenomena. Their safe return to Earth will mark…
Elon Musk, the visionary CEO of Tesla, recently set the tech world abuzz with the unveiling of Tesla’s humanoid robot, Optimus. In a captivating video shared on the X platform, Optimus was showcased confidently strolling unassisted on the bustling factory floor, demonstrating remarkable technological prowess. The footage, spanning an impressive 1 minute and 18 seconds, captured Optimus navigating the lab environment with ease, taking right and left turns, showcasing its agility and versatility. Optimus, also known as Tesla Bot, is a visionary project currently in development by Tesla, Inc. Revealed at Tesla’s AI Day in 2021, this humanoid robot represents…
Sheikh Mohammed bin Rashid Al Maktoum, the esteemed ruler of Dubai and a prominent figure in the United Arab Emirates, is widely recognized for his visionary leadership and significant contributions to the development of Dubai into a global powerhouse. His recent spotlight at the World Governments Summit 2024 in Dubai, alongside Bollywood icon Shah Rukh Khan, highlighted his esteemed position and influence on both local and international stages. With prestigious titles as the current ruler of Dubai, Prime Minister, Vice President, and Minister of Defence of the UAE, Sheikh Mohammed bin Rashid Al Maktoum commands immense respect and admiration. During…
To capitalise on the burgeoning interest of Indian travellers in spiritual and leisure journeys, Riyadh, represented by Alhasan Aldabbagh, President – Asia Pacific, Saudi Tourism Authority, unveiled plans to attract a staggering 7.5 million Indian tourists by 2030. This announcement was made amidst the grandeur of the SATTE 2024 travel show, underscoring Saudi Arabia’s commitment to tap into the vast Indian market for tourism. Promoting Growth and Celebrating Milestones During Saudi Arabia’s third appearance at SATTE, Aldabbagh seized the opportunity to commemorate the country’s founding day, marking three centuries since its establishment. Amidst the celebratory atmosphere, he emphasised India’s pivotal…
The traditional era of passenger trains in India seems to have reached its conclusion as the Indian Railways undertakes a significant redesignation, now referring to them as express specials. This transition entails more than just a change in nomenclature; it brings a substantial shift in fare structures, with commuters now subject to express fares, nearly double the previous rates. From Passenger Trains to MEMUs and DEMUs Railway sources indicate that despite the rebranding, the operational dynamics remain largely unchanged. Passenger trains, now labeled as express specials, continue to ply the same routes with the same old rakes. However, in certain…
Billionaire Gautam Adani, the chairman of the Adani Group, recently met with Uber CEO Dara Khosrowshahi during Khosrowshahi’s visit to India. The meeting hinted at potential future collaborations between the Adani conglomerate and the popular ride-hailing app. Both Adani and Khosrowshahi expressed enthusiasm about their discussions, particularly regarding India’s growth trajectory and the opportunities it presents. Khosrowshahi emphasized Uber’s commitment to expanding its presence in India and supporting the welfare of Indian drivers. One significant topic of conversation was Uber’s initiative to transition its fleet to electric vehicles (EVs), aligning with India’s push towards sustainable transportation. Khosrowshahi highlighted Uber’s dedication…
India’s rich cultural tapestry is interwoven with tales of ancient grandeur and spiritual significance, and few places embody this heritage as profoundly as Dwarka. Situated on the right bank of the river Gomti in the state of Gujarat, Dwarka holds a special place in Hindu mythology as the legendary kingdom of Lord Krishna. Now, this historic city is poised to become a beacon for a new kind of tourism – one that delves into the depths of the ocean to explore its submerged wonders. Prime Minister Narendra Modi’s recent visit to Dwarka garnered attention not only for his spiritual pilgrimage…
In a significant development within the entertainment industry, Reliance Industries Limited (RIL) and Walt Disney Co have reportedly finalized a binding agreement to merge their media operations in India, as stated by Bloomberg. Under this agreement, Reliance’s media unit and its affiliates are poised to hold a minimum of 61% stake in the merged entity, while Disney will retain the remaining shares. Reports suggest that Disney has agreed to divest 61% of its India business to Viacom 18 at a valuation of $3.9 billion (approximately Rs 33,000 crore). Viacom18, owned by Reliance Industries Limited (RIL) Chairman Mukesh Ambani, will acquire…
Dubai recently unveiled a strategic move aimed at fostering tourism between India and the Gulf nation. The Dubai Department of Economy and Tourism (DET) announced a five-year multiple-entry visa, a decision poised to significantly enhance travel opportunities and deepen economic ties between the two countries. Here’s what you need to know about this latest development: 1. Surging Indian Visitors: According to the latest data from DET, Dubai witnessed a notable surge in Indian tourists in 2023. With 2.46 million overnight visitors from India, marking a 25% increase from pre-pandemic levels, India emerged as the top source market for Dubai. 2. Continued Growth: The data further revealed that India maintained its lead as…