Author: News Desk

India has quietly taken a significant step to boost its defense capabilities by launching its fourth nuclear-powered ballistic missile submarine (SSBN) at the Ship Building Center (SBC) in Visakhapatnam. This new submarine is part of the country’s ongoing efforts to strengthen its nuclear deterrence, especially against potential adversaries in the Indo-Pacific region. Progress in India’s SSBN Program India’s SSBN program has seen steady progress in recent years. On August 29, 2024, Defence Minister Rajnath Singh commissioned the second SSBN, INS Arighaat. The third submarine in this class, INS Aridhaman, is scheduled to be commissioned next year. The latest submarine, codenamed…

Recently, a video went viral on social media, claiming that Bollywood actor Salman Khan issued a threat to Lawrence Bishnoi following the murder of senior politician Baba Siddique on 12 October. The video was widely shared alongside reports suggesting that Siddique’s murder was connected to his close ties with Salman Khan. The Lawrence Bishnoi gang even claimed responsibility for the killing, warning those associated with Salman Khan. The Viral Video is Misleading Channel IAM Fact Check investigated the viral claim and found it to be false. Our team began by conducting a keyword and reverse image search, which led us…

Aishwarya Sheoran’s journey is a remarkable tale of ambition, versatility, and determination. From the glitzy world of beauty pageants to the challenging corridors of civil services, she defied expectations and carved a unique path. Despite her success as a model and a finalist in the Femina Miss India 2016 pageant, Aishwarya never lost sight of her true goal, to serve her country as an IAS officer. Her transition from a beauty queen to a respected civil servant showcases not only her talent but also her unwavering commitment to her dreams. Early Life and Academic Excellence Aishwarya Sheoran was born in…

Zepto is in discussions to secure $100-150 million in new funding from Indian family offices and high-net-worth individuals (HNIs) as it prepares for its upcoming initial public offering (IPO). The quick commerce leader aims to increase domestic investor participation in its capital structure ahead of the IPO, which is expected next year. Recent Funding Success In the past 14 months, Zepto has raised over $1.2 billion to strengthen its balance sheet for its market debut. Sources indicate that the new funding round aims to boost domestic ownership among investors. Motilal Oswal’s private investment arm is likely to lead this round,…

Philanthropist Sudha Murty and her husband, Infosys founder Narayana Murthy, are making headlines once again. The couple recently gifted their four-month-old grandson, Ekagrah Rohan Murty, shares valued at approximately Rs 240 crore, making him one of the youngest millionaires in India. With this gift, he now holds a 0.04% stake in Infosys, amounting to 1.5 million shares. This transfer caused Narayana Murthy’s personal stake in the company to decrease from 0.40% to 0.36%. Welcoming a New Generation Ekagrah, born in November 2023, brought immense joy to the Murthy family as Narayana and Sudha celebrated the arrival of their third grandchild.…

Lulu Retail Holdings, one of the largest hypermarket chains in the Middle East, has initiated an initial public offering (IPO) that may become the biggest in the UAE this year. The offering comes at a time when the region is experiencing a retail spending surge, encouraging domestic companies to pursue listings in the sector. IPO Details and Expectations The IPO, which will take place from October 28 to November 5, will offer over 2.582 billion shares. These shares are anticipated to begin trading on the Abu Dhabi Securities Exchange on November 14. According to sources familiar with the deal, the…

Chinese automobile manufacturer Chery has introduced an innovative flying car prototype at the Chery Global Innovation Conference in Anhui, China. Named the “Land and Air Vehicle,” this groundbreaking design features no steering wheel or accelerator and boasts full autonomous driving capabilities. The prototype has successfully completed a 50-mile test flight, showcasing Chery’s commitment to enhancing its position in the global automotive market. A New Era in Transportation The Land and Air Vehicle is a three-body hybrid-wing flying car designed without traditional controls like a gas pedal. It consists of three main components: an aircraft, an intelligent cockpit, and an intelligent…

Kochi Water Metro Ltd. (KWML) is making history by training its first women pilots for the electric-hybrid ferries, and three young women, Arunima A, Lekshmi RS, and Sneha S, are at the forefront of this milestone. These women, all in their twenties, are set to break barriers in a traditionally male-dominated field by becoming the first to pilot these eco-friendly ferries on the scenic Vembanad Lake. A Day on the Water Metro In the peaceful evening, as the vibrant orange sun sets over Vembanad Lake, the white and violet electric ferries of KWML glide smoothly across the water. These ferries,…

Nikhil Kamath’s journey to becoming India’s youngest billionaire is a story of grit, innovation, and foresight. Co-founder of Zerodha, India’s largest retail brokerage firm, Kamath has achieved significant success at a relatively young age. With a net worth of $3.1 billion as of 2024, according to Forbes, Kamath has not only transformed the Indian stock trading industry but has also redefined what it means to be a modern-day entrepreneur. His path, from humble beginnings in Bangalore to becoming a business magnate, is a testament to the power of determination and vision. Early Life and Career Beginnings Born and raised in…

Indian billionaire Yohan Poonawalla has made headlines by purchasing a rare Range Rover once owned by Queen Elizabeth II. The luxury 2016 Range Rover SDV8 Autobiography LWB edition was custom-built for the late Queen and used by the British royal family. A unique feature of this acquisition is that the car still holds its original registration number, OU16 XVH, used during the Queen’s ownership. Typically, royal cars have their plates changed after leaving the royal household, but this one remained intact, boosting its historical significance. Private Purchase of the Iconic Vehicle The car was listed on Bramley’s Auctioneers website for…