Author: News Desk
Adani Ports and Special Economic Zone Ltd. (APSEZ), India’s largest integrated transport utility, has approved the acquisition of Abbot Point Port Holdings Pte Ltd (APPH), based in Singapore. The acquisition is from Carmichael Rail and Port Singapore Holdings Pte Ltd (CRPSHPL), a related party entity. APPH owns and operates the North Queensland Export Terminal (NQXT), located at the Port of Abbot Point, 25 km north of Bowen in North Queensland, Australia. Transaction StructureThe deal will be completed on a non-cash basis. APSEZ will issue 14.38 crore equity shares to CRPSHPL in exchange for a 100% stake in APPH. The transaction…
Tamil superstar Rajinikanth experienced a career slump in the late 1990s and early 2000s, with a series of unsuccessful films. However, in his 50s, he revived his stardom with the success of Chandramukhi and Enthiran. By the late 2010s, his films began consistently performing well at the box office, re-establishing his dominance even over Bollywood’s leading names. Record-Breaking Earnings from Jailer In 2023, at age 72, Rajinikanth starred in Jailer, which became the highest-grossing Tamil film of the year, earning over ₹600 crore. For the film, he reportedly charged ₹110 crore and later received a ₹100 crore bonus from producer Kalanithi Maaran after its…
Andy Rubin is widely regarded as the creator of Android, the world’s most-used mobile operating system. His work has shaped the global smartphone industry and influenced how billions use technology daily. Early Life and Education Born on March 13, 1963, in Chappaqua, New York, Rubin was exposed to technology early through his father’s electronics business. He graduated from Horace Greeley High School and earned a degree in computer science from Utica College in 1986. Career Beginnings Rubin began his career as a robotics engineer at Carl Zeiss AG. From 1989 to 1992, he worked at Apple, where his passion for…
The ropeway project connecting Sonprayag, Gaurikund, and Kedarnath will generate income for the government without any upfront investment. Adani Enterprises, the selected bidder, has proposed a revenue-sharing model, offering nearly 42% of earnings to the National Highway Logistics Management Ltd (NHLML), the agency overseeing such infrastructure projects across India. Massive Time Savings for Pilgrims The 13-kilometre ropeway is expected to significantly reduce travel time for pilgrims—from the current 8–9 hours by foot or mule to just 36 minutes by cable car. This efficiency is expected to attract a high number of visitors, adding to the revenue potential. Out of the…
Meta CEO Mark Zuckerberg has bought a $23 million mansion in the Woodland Normanstone area of Washington DC. The sale ranks among the top three most expensive residential deals in the city’s history. Meta Confirms the Deal Meta confirmed the purchase, stating that Zuckerberg and his wife Priscilla Chan acquired the home to allow him to spend more time in DC for tech policy work. Privacy Around the Purchase The buyer’s identity was initially kept secret due to non-disclosure agreements. After the sale closed, images of the 15,000-square-foot mansion were blurred on Google Maps, and the home saw increased activity shortly after Zuckerberg’s private jet landed nearby. Strategic DC…
Quick service restaurant (QSR) chain Wow! Momo is raising a Rs 130–150 crore bridge round led by Kamal Agrawal, promoter of Haldiram’s, and Malaysia’s sovereign wealth fund Khazanah Nasional. The funds are being raised through convertible notes, with the valuation to be set during the company’s next fundraising round. Valuation and Future Fundraise Wow! Momo has hired investment bankers to manage its next major fundraising round, which is expected to close by Q3 FY26. The company is planning to raise $75–80 million (Rs 600–700 crore) during that round. In January 2024, Wow! Momo had raised Rs 350 crore in a…
The National Highways Authority of India (NHAI) is proposing the construction of an 18-kilometre link road to connect the Bengaluru–Chennai Expressway with the Bengaluru–Kolar Highway (NH 75). This move is aimed at enhancing regional connectivity and easing travel, especially for commuters heading towards the Andhra Pradesh border. Current Status of the Expressway At present, a 68-kilometre section of the Bengaluru–Chennai Expressway in Karnataka, from Hoskote to Bethamangala (KGF), is operational. However, the remaining segments in Andhra Pradesh and Tamil Nadu are still under construction, resulting in partial access and limited connectivity. Link Road to Boost Traffic and Economic Activity NHAI…
S Satish, a Bengaluru-based dog breeder, recently captured national attention after claiming he had purchased the world’s most expensive wolfdog, named Cadabomb Okami, for Rs 50 crore. According to him, the animal was a rare hybrid between a wild wolf and a Caucasian Shepherd. His claim was accompanied by viral videos and widespread media coverage. However, the story has now taken a dramatic turn. ED Investigation Confirms Fabricated Claims The Enforcement Directorate (ED) has revealed that Satish’s sensational story was a fabrication. Following initial suspicions raised by OneIndia’s verification, the ED launched a formal probe, investigating his financial records, income sources,…
According to reports, Prince Yakub Habeebuddin Tucy identifies himself as a descendant of Bahadur Shah Zafar, the last Mughal emperor. He continues to make headlines by asserting ownership over several Indian heritage sites, including the Taj Mahal. Taj Mahal Ownership Dispute Prince Tucy has reportedly claimed that he is the rightful heir to the Taj Mahal. He has submitted DNA evidence in court and called for the release of documents allegedly held by other royal families to support his case. His claims have drawn public attention and debate. Involvement in Ayodhya Land Case Reports state that Prince Tucy opposed the…
N. Chandrasekaran, born in 1963 in Mohanur village in Tamil Nadu, began his journey in a modest agricultural family. Despite his rural upbringing, he developed an early interest in computers. After completing his Bachelor’s in Applied Sciences, he earned a Master of Computer Applications from the Regional Engineering College in Tiruchirappalli. Rise Through Tata Group’s RanksChandrasekaran started his career at Tata Consultancy Services (TCS) in 1987 as an intern. By 2009, he became CEO of TCS, one of the youngest in Tata Group history. In 2017, he was appointed Chairman of Tata Sons, becoming the first non-Tata family member to…