Author: News Desk

Elon Musk has officially stepped down from his position as a special government employee and top adviser to U.S. President Donald Trump. On Wednesday night (local time), Musk took to X to announce his exit, stating that his scheduled term had come to an end. He thanked President Trump for the opportunity to work on reducing government waste and said the DOGE mission to streamline federal spending will continue gaining strength. Exit Follows Criticism of Tax and Immigration Bill Musk’s resignation comes shortly after his public criticism of Trump’s signature legislative proposal, a large-scale tax and immigration reform bill known…

Education Minister Dharmendra Pradhan announced that 15 foreign universities will open branches in India this academic year, focusing mainly on Science, Technology, Engineering, and Mathematics (STEM) fields. University of Liverpool Gets Permission to Open Bengaluru Campus The University of Liverpool received formal approval to start its campus in Bengaluru. The Letter of Intent (LoI) was handed over in a ceremony in New Delhi, presided over by Pradhan. This makes Liverpool the second foreign university to receive such approval under the new UGC regulations of 2023. Growing Presence of Foreign Universities in India Pradhan said the University of Liverpool is the…

Shares of CFF Fluid Controls Ltd have risen 230% over the past three years and are currently up 45% from their 52-week low of ₹380.05, despite a slight dip of 0.95% on Tuesday to ₹550. The stock’s 52-week high is ₹949. The company recently received a ₹6.58 crore domestic order from Mazagon Dock Shipbuilders Ltd for supplying spares for four ship sets of Project 17A, with delivery scheduled by December 2025. CFF Fluid Controls manufactures and services shipboard machinery for the Indian Navy, including critical systems for submarines and surface ships. It has a market capitalisation of over ₹1,000 crore…

Gautam Adani’s net worth rose by $1.72 billion on Monday alone, taking his total wealth to $82.3 billion, as per the Bloomberg Billionaires Index. This one-day gain is notably higher than the annual bilateral trade between Turkey and Pakistan, which stood at $1.4 billion in FY24. Adani Enters Global Top 20 With this rise, Adani now ranks 20th among the world’s richest individuals. His wealth has grown by $3.64 billion so far in 2024, reflecting continued investor confidence in his business empire. India’s Billionaires Outpace Global Peers In contrast to 13 of the top 20 global billionaires who saw their…

A new chapter in Kerala’s industrial development began with the launch of the KINFRA Mini Industrial Park at Thonnakkal, Thiruvananthapuram. Developed over 7.48 acres at a cost of ₹6 crore, the park was officially inaugurated by Minister P. Rajeev. The facility has already been fully allotted to entrepreneurs. Sector-Wise Unit AllocationThe mini industrial park will host 18 units across key sectors such as food processing, paper-based industries, furniture, hardware, aerospace, and defence. The park is expected to support non-polluting industries, categorized under the general sector. Early Success in Investment and EmploymentEven before its formal inauguration, the park attracted investments worth…

President Trump threatened higher tariffs if iPhones aren’t made in the U.S.Shipments of iPhones from India to the U.S. increased by 76% in April compared to last year, reaching about 3 million units, according to technology analyst firm Omdia. Meanwhile, shipments from China fell sharply by 76% to just 900,000 units in the same period. This shift reflects Apple’s push to expand its “made in India” production. Reasons Behind the ShiftApple has been diversifying its supply chain to reduce reliance on China amid trade tensions and tariffs imposed by the U.S. government. The company started investing heavily in India during…

Infosys founder Narayana Murthy has signed a Memorandum of Understanding (MoU) with the Indian Institute of Management Ahmedabad (IIMA) to create a fully-funded, inflation-adjusted scholarship for the two-year Post Graduate Programme (PGP). Named the ‘Professor Jaswant G Krishnayya Merit Scholarship,’ it will cover tuition, hostel fees, course materials, and mess charges annually for one top-performing student based on their first-year CGPA. Murthy has committed to funding this scholarship for 20 years, with an estimated total value of ₹12 crores. The scholarship honors Professor Jaswant G Krishnayya, who played a significant role in Murthy’s early life and career. Pankaj Patel, Chairperson…

Quick commerce platform Instamart has removed the Swiggy name from its branding to establish a standalone identity. This change aims to position Instamart as an independent brand separate from its parent company. Move Follows Industry Trends The rebranding comes shortly after rival Zomato renamed itself Eternal on stock exchanges, signaling the growing importance of quick commerce beyond traditional food delivery services for these companies. Focus on Growth Beyond Food Delivery Swiggy Group CEO Sriharsha Majety has emphasized that Instamart is expected to outgrow the food delivery business in terms of scale and reach, underscoring the strategic importance of quick commerce.…

Global food conglomerate Nestlé SA has acquired a minority stake in Indian direct-to-consumer pet care startup Drools. The financial terms of the transaction were not disclosed by either party. Drools Achieves Unicorn StatusDrools announced that it has recently reached unicorn status, although it has not shared valuation figures or funding details related to this milestone. Operational Autonomy to ContinueDespite Nestlé’s investment, Drools will continue to function as an independent entity, retaining control over its strategic direction and day-to-day operations. Founded in 2010 with Diverse Product RangeEstablished by Fahim Sultan in 2010, Drools offers over 650 stock-keeping units (SKUs), covering a…

Reliance Consumer Products Limited (RCPL) is aiming to reach 600 million customers across India by focusing on affordable, high-quality products in the fast-moving consumer goods (FMCG) sector. The company plans to collaborate closely with local stores, offering better profit margins to boost sales and penetrate deeper into Indian households. Focus on Middle-Class India RCPL director T. Krishnakumar highlighted that India’s large middle-class population, which makes up the majority of the country’s 1.4 billion people, is the primary target for their products. The company intends to develop and market quality FMCG items that appeal to this segment, differentiating itself from competitors…