Author: News Desk
The fashion industry contributes significantly to global pollution, accounting for 8-10% of the world’s carbon footprint, according to the UNFCCC. With projections indicating a potential 65% increase in global clothing sales by 2030, the need for sustainable solutions is more pressing than ever. Nirvaan’s Awakening Inspired by a UN article revealing that 10,000 liters of water are required to produce a single pair of jeans, teenager Nirvaan Somany embarked on a mission to address the environmental toll of fashion. His journey began with a profound realization of the water footprint lurking within his own wardrobe, sparking a determination to effect…
The legacy of Vijay Mallya, once hailed as the “King of Good Times” and subsequently marred by scandal, continues to cast a long shadow over his family. Amidst the fallout of his father’s notorious scams and subsequent downfall, Sidhartha Mallya, the aspiring actor and scion of the United Breweries Group, embarked on a journey marked by both ambition and adversity. Born to Vijay Mallya and Samira Tyabjee Mallya in 1987 in Los Angeles, California, Sidhartha’s upbringing was characterized by privilege and global exposure. However, his formative years were predominantly spent in England, where the family relocated after his birth. Sent…
Dubai announced that all teachers across the emirate will undergo training in Artificial Intelligence (AI). The announcement was made by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai. This initiative, overseen by the Dubai Center for Artificial Intelligence in partnership with the Knowledge and Human Development Authority (KHDA), is part of the newly launched Dubai Universal Blueprint for Artificial Intelligence (DUB.AI). The comprehensive training aims to equip educators with the skills and vision to harness AI, fostering a new generation of learners adept in technological advancements. Sheikh Hamdan…
Nikhil Kamath’s remarkable ascent from humble beginnings to becoming one of India’s youngest billionaires encapsulates the spirit of entrepreneurship and innovation reshaping the nation’s economic landscape. Zerodha, co-founded by Nikhil and his elder brother Nithin Kamath in 2010, has revolutionized the Indian brokerage industry. The platform was established with a mission: to democratize stock trading by making it more accessible and affordable for retail investors. Addressing a critical gap in the market, the Kamath brothers introduced a zero brokerage model, eliminating fees on investments and maintaining a flat rate for intraday and derivative trades. This disruptive approach has positioned Zerodha…
The Adani Group is actively pursuing the acquisition of several prominent cement companies in India, including Penna Cement based in Hyderabad, Saurashtra Cement headquartered in Gujarat, the cement division of Jaiprakash Associates, and Vadraj Cement owned by ABG Shipyard. This strategic move, reported by the Economic Times, is part of Adani’s ambitious plan to expand its cement production capacity significantly. According to sources, the Adani Group has allocated $3 billion for these acquisitions, aiming to surpass Aditya Birla Group’s UltraTech and become India’s largest cement manufacturer within the next three to four years. The group’s interest in these companies is…
Steve Jobs, the iconic co-founder of Apple Inc., is often celebrated for his unparalleled drive for innovation and a legacy that reshaped the technology landscape. More than a decade after his passing, a fascinating hypothetical emerges: had Jobs retained his stakes in Apple and Disney, his net worth today could have soared to an astronomical $273 billion. Yet, Jobs’ perspective on wealth remained strikingly detached, focusing instead on his passion for technology and design. Jobs’ journey with Apple began in his parents’ garage in 1976, leading to the creation of one of the most valuable companies in the world. However,…
Kerala’s burgeoning startup ecosystem has surged to an impressive valuation of $1.7 billion over the 18 months leading up to the end of 2023, significantly outpacing the global average growth, according to the recently released 2024 Global Startup Ecosystem Report (GSER). The GSER highlights that while the worldwide average growth rate for startup ecosystems was 46% during this period, Kerala’s ecosystem grew at a remarkable 254% compound annual growth rate (CAGR) from July 1, 2021, to December 31, 2023. This surge places Kerala’s growth at over five times the global average, underscoring the state’s dynamic and rapidly evolving startup landscape.…
The researchers at the Indian Institute of Technology Madras (IIT-M) have unveiled a universal battery charger designed for electric vehicles (EVs), which could revolutionize the EV charging infrastructure. This innovation addresses a critical challenge in the electric mobility sector: the need for versatile, reliable, and widely compatible charging solutions, according to a Deccan Herald report. The team, led by Dr. Deepak Ronanki, Assistant Professor in the Department of Engineering Design, has developed a charger that can adapt to a wide range of voltage outputs (120-900 V) from various global power supplies. This flexibility means it can charge different types of…
The Securities and Exchange Board of India (Sebi) has taken a significant step towards enhancing its regulatory capabilities by initiating the process to hire 49 officers across various departments. This move is aimed at ensuring faster and more effective execution of Sebi’s regulatory functions. The recruitment drive follows Sebi’s invitation for applications for 97 senior-level positions in March. Initially scheduled to open on April 13, the application submission link was postponed due to the General Elections. However, a recent notice from Sebi has now invited applications for 49 Officer Grade A (Assistant Manager) positions across different streams, including General, Legal,…
While the stock market can seem daunting and risky to newcomers, several of India’s wealthiest individuals have built their fortunes through savvy investments. From Radhakishan Damani, known as the Retail King of India, to Rekha Jhunjhunwala, one of the nation’s leading women investors, here’s a look at some of the richest Indians who have amassed substantial wealth through stock investments. 1. Radhakishan Damani Net Worth: $21.5 billion Key Holdings: The billionaire investor and founder of DMart, Radhakishan Damani, is a prominent figure in the Indian stock market. His publicly disclosed holdings span six stocks and contribute significantly to his vast wealth. 2. Rekha Jhunjhunwala…