Author: News Desk

Gokulam Group chairman and renowned entrepreneur Gokulam Gopalan has invested Rs 25 crore in Travlounge, a Kerala-based highway amenities startup. Travlounge offers clean restrooms, sleeping pods, and beverage counters for highway travelers. Startup’s Early Support and GrowthTravlounge was initially backed three years ago by Abdul Azeez Chovanchery of AZCCO Global with a seed investment of Rs 8 crore. It is promoted by Kozhikode-based Beacon Group. The startup already has functional outlets at Walayar (Palakkad) and Adimali (near Munnar). Focus on National ExpansionCo-founder P.T. Safeer said the aim is to expand Travlounge lounges across India, making premium roadside services more accessible…

India added 39,000 new dollar millionaires in 2024, a 4.4% rise compared to the previous year, according to the UBS Global Wealth Report. This puts India in fourth place globally for millionaire growth, behind Turkey, the UAE, and Russia. With a total of 917,000 millionaires, India now surpasses Brazil, Russia, and South Africa. However, China remains far ahead with over 6.3 million millionaires. Wealth Inequality Continues to Rise Despite the increase in high-net-worth individuals, India ranked fifth globally in the rise of income and wealth inequality since 2020, as measured by the Gini coefficient. The report places India among the…

Tata Sons Chairman and Air India Chairman N Chandrasekaran has firmly denied speculation that Turkish Technic was responsible for maintaining the Air India Dreamliner that crashed in Ahmedabad. He confirmed that none of the 33 Boeing 787-8 Dreamliners in Air India’s fleet are serviced by Turkish Technic. “None of them are maintained by Turkish Technic,” Chandrasekaran stated in an interview with Times Now’s Navika Kumar, countering claims circulating on social media after the tragic incident. Aircraft Maintenance Partners Clarified Chandrasekaran explained that the Dreamliner fleet is primarily maintained by Air India Engineering Services Limited (AIESL), with some aircraft serviced by…

Tata Motors has introduced its first Euro VI-compliant bus in the Middle East, launching the LPO 1622 model in Qatar through its distributor Al Hamad Automobiles. The launch event took place in Doha on June 18, 2025, marking a significant step for Tata Motors in bringing advanced emission technology to the region. Specifications and Features The LPO 1622 bus is equipped with a Cummins ISBe 5.6L Euro VI engine, delivering 220 horsepower and 925 Nm of torque. Designed for staff transport, it is available in two seating capacities—61 and 65 passengers. Standard safety features include: These features aim to improve passenger safety and driver comfort, aligning with international safety standards. Strategic Importance…

French aerospace major Dassault Aviation will manufacture its flagship Falcon 2000 business jets in India through a strategic partnership with Reliance Aerostructure Ltd (RAL), part of the Anil Ambani-led Reliance Group. The Final Assembly Line (FAL) will be established at Mihan, Nagpur, where their joint venture, Dassault Reliance Aerospace Ltd (DRAL), already produces various components for the Falcon 2000. First Made-in-India Jet Expected by 2028 Announced at the Paris Air Show, the companies stated that the first fully assembled Falcon 2000 jet from India is expected by 2028. This marks the first time Dassault will manufacture these jets outside France,…

Union Minister Ashwini Vaishnaw inaugurated India’s largest automobile in-plant railway siding at Maruti Suzuki’s Manesar facility in Haryana. The new terminal is part of the Gati Shakti Multi-Modal Cargo Terminal (MMCT) scheme and is aimed at boosting car transport via Indian Railways. Haryana Chief Minister Nayab Singh Saini and Maruti Suzuki’s MD & CEO Hisashi Takeuchi were present at the event. Major Step for Vehicle Transportation by Rail The Manesar terminal, built over 45 acres, will enable the dispatch of up to 4.5 lakh vehicles annually. It is Maruti Suzuki’s second in-plant rail siding and forms a part of the…

Birla Tyre has launched a refreshed brand identity, including a redesigned logo and corporate website, signaling a new phase in its journey following acquisition by a consortium led by Himadri Speciality Chemical and Dalmia Refractories. This transformation highlights the company’s efforts to reposition itself in both Indian and global markets. A Visual Identity Rooted in Speed and Strength The new brand identity features a custom wordmark inspired by speed and forward momentum. A key element is the introduction of a new mascot—“Tyger”—which symbolizes power, agility, and leadership. The logo’s blue and orange color palette is meant to represent trust and…

Jio Financial Services Ltd has acquired full ownership of Jio Payments Bank Limited (JPBL) after purchasing over 7.90 crore equity shares from the State Bank of India (SBI) for ₹104.54 crore. The acquisition, approved by the Reserve Bank of India on June 4, 2025, was completed on June 18. With this deal, JPBL is now a wholly owned subsidiary of Jio Financial Services. Move Follows Earlier Disclosure Jio Financial had previously announced in March its intent to acquire SBI’s 17.8% stake in JPBL. The recent transaction officially completes that move, further consolidating Reliance Group’s financial services arm under Mukesh Ambani’s…

Tata Sons and Air India Chairman N. Chandrasekaran, in his first public remarks since the crash of Air India flight AI 171, expressed deep sorrow over the tragedy that claimed over 270 lives. He stated, “I have no words to console the families. I deeply regret that this happened in a Tata-run airline.” He added that Air India is committed to supporting the affected families now and in the long term. Incident Details The London-bound Boeing 787-8 Dreamliner crashed shortly after taking off from Ahmedabad. The aircraft collided with a medical college complex less than a minute after departure. Probe…

The University of Aberdeen has received approval from the Indian government to move forward with its proposal to open an overseas campus in Mumbai. A detailed business case will be presented to the university’s governing body next month for final approval. Course Offerings and TimelineIf approved, the new campus will begin operations by September next year. Initial academic offerings will include programs in computing, data science, artificial intelligence, business, and economics. Strategic Importance of IndiaAccording to Prof. Siladitya Bhattacharya, vice-principal for global engagement, India has always been a key focus in the university’s international strategy. This includes goals related to…