Author: News Desk

India’s edtech sector, which flourished during the pandemic, is now grappling with a significant downturn. According to exclusive data from Traxcn shared with Business Standard, 2,148 edtech startups have shut down their operations over the past five years, highlighting the struggles of the once-booming industry. Rise and Fall of Edtech During the pandemic-induced lockdown, edtech platforms witnessed an unprecedented surge in demand. With schools closed, students and professionals turned to online platforms for learning and upskilling, propelling the sector to new heights. However, as the pandemic ended and physical classrooms reopened, the sector began facing challenges. A funding slowdown, changing…

Dubai-based real estate giant Sobha Realty has announced a special Dh150 million bonus program for its employees, recognizing their dedication and contributions. This marks the second consecutive year that the company has rewarded its team members with million-dirham bonuses, reaffirming its commitment to employee appreciation. Dh150 Million Bonus for Employees In a statement released by Sobha Realty, the company highlighted that the bonus is a gesture of gratitude for the unwavering efforts of its employees. The bonus program, which applies to employees not already covered by other incentive programs, spans multiple departments within the company. Acknowledging Employee Contributions Ravi Menon,…

Elon Musk recently reignited discussions about global population decline with a retweet of Tesla Owners Silicon Valley’s post on X (formerly Twitter). The post featured a graph projecting population changes from 2018 to 2100 for major nations and included the caption: “Population collapse is humanity’s greatest threat… Elon Musk.” Musk responded with a simple “Yes,” emphasizing his ongoing concern. Projected Global TrendsBy 2100, stark population declines are anticipated: Musk’s endorsement of these figures highlights his belief that demographic shifts represent a significant threat to humanity. Key Drivers of DeclineExperts identify several causes behind population decline: Global fertility rates have declined…

Jagdeep Singh, the founder and former CEO of Quantumscape, has achieved a remarkable feat, earning an extraordinary ₹48 crore per day. This achievement highlights the immense success he has experienced in the electric vehicle (EV) industry. With a strong educational foundation and visionary leadership, Singh has positioned himself as one of the top figures in the industry. Educational Background Shaping a Visionary Leader Jagdeep Singh’s journey to becoming the highest-paid employee began with a solid educational foundation. He holds a Bachelor’s degree in Computer Science from the University of Maryland. Further advancing his expertise, Singh pursued a Master’s degree in Computer Science from…

New Delhi Railway Station stands out as the top earner in India’s railway system, contributing a massive Rs 3,337 crore in the 2023-24 fiscal year. This iconic station has secured its position at the top by generating revenue through a wide range of sources such as advertisements, retail shops, platform tickets, waiting halls, and other services. Key Revenue Streams Heavy Traffic and Constant Activity New Delhi Railway Station is not only the highest-earning station but also one of the busiest in the country, handling a staggering 39.3 million passengers annually. This constant footfall makes it a crucial part of the…

Women entrepreneurs in India are significantly shaping the country’s dynamic startup scene. The Indian Startup Funding Report 2024 by Inc42 reveals a striking 93.75% increase in funding for women-led ventures, which raised approximately $930 million (around Rs 7,900 crore) through 136 deals, compared to the previous year. This surge is part of a broader trend, with nearly half of India’s 1.57 lakh startups under the Startup India initiative being led or co-led by women. Key Sectors Powering Growth Fintech and e-commerce have emerged as the leading sectors for women-led startups. Fintech secured the largest share of funding with $266.91 million…

At a press conference at Trump’s Mar-a-Lago resort in Florida, Hussain Sajwani, the chairman of DAMAC Properties, unveiled plans to invest $20 billion in building state-of-the-art data centers across key U.S. states, including Arizona, Texas, and Michigan. The investment aims to bolster the U.S.’s capabilities in artificial intelligence (AI) and technology infrastructure. Scope of Investment The $20 billion investment will focus on constructing massive data centers to support the growing demand for advanced technology such as AI. Sajwani, 71, stated that the contribution could surpass $20 billion depending on market conditions. The initial phase of the investment will target the…

In an auction in London, a Rs 100 ‘Haj note’ was sold for a staggering Rs 56,49,650, attracting significant attention due to its unique historical value. What Makes the ‘Haj Note’ Special? The Haj note, issued by the Reserve Bank of India (RBI) in the 1950s, belongs to a special series designed for Indian pilgrims traveling to Gulf countries for the Haj pilgrimage. Known as “Haj Notes,” these were introduced by the RBI to help prevent the illegal purchase of gold using regular Indian currency. Distinctive Features Haj notes were distinguishable by the ‘HA’ prefix on the serial number, making…

V Narayanan has been appointed as the new chairman of the Indian Space Research Organisation (ISRO), succeeding S Somanath. He will also serve as the Secretary of the Department of Space, effective January 14, 2025, for a term of two years or until further orders. Transition in Leadership The Union government announced the appointment on Tuesday, with the decision approved by the Appointments Committee of the Cabinet. Narayanan, currently the Director of the Liquid Propulsion Systems Centre (LPSC), will take over both roles, continuing ISRO’s ambitious trajectory in space exploration. Who is V Narayanan? V Narayanan is a distinguished scientist…

On Tuesday, Union Home Minister Amit Shah launched Bharatpol, a new portal developed by the Central Bureau of Investigation (CBI), designed to enhance real-time information sharing between Indian law enforcement agencies and international counterparts. This initiative aims to streamline access to international police assistance and accelerate the investigation process. Connecting Agencies for Faster Investigations Shah emphasized that Bharatpol will revolutionize how Indian probe agencies connect with Interpol, speeding up investigations. Traditionally, international cooperation relied on letters, emails, and faxes, which often delayed crucial communication. Bharatpol will bring all stakeholders onto a unified platform, making information exchange seamless and efficient. Tackling…