Author: News Desk
India is gearing up to celebrate Independence Day on August 15, 2024, a day that holds immense significance in the nation’s history. This day marks the end of British colonial rule and honors the leaders and freedom fighters who played pivotal roles in India’s fight for independence. Is It the 77th or 78th Independence Day? As India prepares for this year’s celebration, there is some confusion about whether it marks the 77th or 78th Independence Day. Understanding the difference between counting the number of years since independence and the actual number of Independence Days celebrated is crucial. India gained independence…
Today marks the 120th birth anniversary of Jehangir Ratanji Dadabhoy Tata, affectionately known as JRD Tata, who is celebrated as the Father of Indian Civil Aviation. JRD Tata’s fervor for flying and his trailblazing efforts in aviation have left an indelible legacy in India’s skies. JRD Tata’s fascination with aviation began at the tender age of five. The son of industrialist Ratanji Dadabhoy Tata, young Jehangir was mesmerized by airplanes during summer vacations in Northern France. He eagerly watched Adolph Pegoud, the chief pilot of Louis Bleriot—the first man to fly across the English Channel in 1909—land planes on the…
The Ram Mandir Trust has experienced an unprecedented wave of generosity, collecting over ₹5,500 crore in donations in the past ten months. This significant support follows the Bhoomi Pujan (groundbreaking ceremony) held on August 5, 2020, for the grand Ram Mandir in Ayodhya. Ongoing Support from Devotees Anil Mishra, a senior member of the Trust, highlighted that the Ram Mandir, dedicated to Lord Ram, has become a central point for Hindu devotees around the globe. “Donations continue to come in daily from both domestic and international supporters,” Mishra said. Fundraising Achievements Since the groundbreaking ceremony, the Trust has raised a…
FirstCry, a major player in the baby care e-commerce sector, made its debut on the National Stock Exchange (NSE). The company was listed at Rs 651 per share, surpassing the offer price of Rs 465. The Rivalry Turned Partnership A little-known fact is that Mahindra Partners, which previously owned Baby Oye and Mom & Me, was once a rival of FirstCry. In October 2016, Mahindra Partners decided to collaborate with FirstCry’s founder, Supam Maheshwari, choosing to support rather than compete with him. Anand Mahindra’s Reflections During the listing ceremony, Anand Mahindra shared insights into the origins and evolution of Mahindra…
Indian Railways has scrapped its ₹30,000 crore contract for the production and maintenance of 100 aluminum-bodied Vande Bharat trains. French company Alstom, which secured the contract in June 2023, was set to manufacture these advanced trains, but the agreement has been halted due to a pricing disagreement. Background of the Tender The decision to use aluminum-bodied trains was made to leverage their lighter weight and greater energy efficiency compared to traditional stainless steel models. The first batch of these trains is anticipated to be sleeper variants, scheduled for deployment by early 2025. Bidders and Bidding Process The tender attracted two…
In April 2016, Elon Musk extended an invitation to Indian customers to preorder the upcoming Tesla Model 3. Among the early adopters was Vishal Gondal, who paid a $1,000 deposit for a car that has yet to materialize. Gondal, the CEO of health-tech startup GOQii, was eager about Tesla’s entry into India but faced ongoing uncertainty regarding the launch date and cost. Challenges and Shifting Preferences Over the past eight years, Tesla’s entry into the Indian market has been delayed due to concerns over high taxes and the complexities of establishing local manufacturing. As a result, many Indians, including Gondal,…
Recent social media buzz suggested that Deepika Padukone and Ranveer Singh had welcomed a baby boy, spurred by a viral image of Deepika in a hospital bed with Ranveer holding a newborn. However, ChannelIAM Fact Check has revealed that this photo is fake. The altered image contributed to misleading claims about the couple’s supposed early arrival of their child. The Actual Situation In reality, Deepika Padukone and Ranveer Singh have not yet welcomed their baby. The actress is expected to deliver in September, and the couple is looking forward to their first child. Any reports suggesting otherwise before this date…
Launched on March 1, 2024, the Life Protection Plan (LPP) is a new insurance scheme designed to provide compensation of up to Dh75,000 for families of Indian workers in the UAE in the event of the employee’s death, whether from natural causes or accidents. Coverage and Repatriation The LPP covers death from any cause and includes protection for permanent total or partial disability due to accidents. It also offers repatriation expenses up to Dh12,000 per person. This plan is available for workers aged 18 to 70 years with a UAE employment visa. Benefits and Cost The insurance scheme offers three…
Nathan Anderson, the founder of Hindenburg Research, has been a prominent figure in the financial world, particularly known for his firm’s controversial and impactful investigative reports. Established in New York in 2017, Hindenburg Research has made a name for itself by exposing corporate misconduct, including high-profile cases such as Nikola Corporation and the Adani Group. Nathan Anderson: A Brief Overview Nathan Anderson launched Hindenburg Research with the goal of uncovering financial “disasters” before they impact investors. The firm is renowned for its in-depth fundamental analysis, which identifies issues such as accounting discrepancies, problematic management, undisclosed related-party transactions, and unethical business…
A United Airways plane from Bangladesh has been stranded at Raipur’s Swami Vivekananda Airport for an extended period, to be precise 9 years, following an emergency landing. This unresolved situation has left airport authorities and regulators perplexed, grappling with how to address the ongoing issue. Background of the Emergency Landing On August 7, 2015, a United Airways flight en route from Dhaka to Muscat encountered severe technical issues and was forced to land in Raipur. The aircraft, carrying 173 passengers, experienced a significant engine malfunction that led to a massive explosion. Captain Shahbaz Imtiaz Khan, the pilot, described the harrowing…