Author: News Desk

The leading electric vehicle (EV) manufacturer, Tesla, has initiated the production of right-hand drive cars for the Indian market at its Berlin factory, according to a source familiar with Tesla’s plans. The aim is to introduce these vehicles on Indian roads later this year. Additionally, Tesla will dispatch a team to India in the third week of April to scout for suitable locations to solidify its extensive manufacturing plans aimed at producing vehicles in India for the broader developing world. The source confirmed that Tesla has begun working on both the export and manufacturing aspects of its plans following India’s…

The water crisis in Bangalore continues to escalate, prompting the Bangalore Water Supply and Sewerage Board (BWSSB) to impose additional restrictions on water usage within the city. According to a recent announcement, consumers exceeding 40 lakh litres of water per month will face a 10% reduction in their water supply starting April 10. In a meeting with major water consumers, BWSSB Chairman Ramprasath Manohar V outlined a five-point strategy aimed at promoting responsible water usage. Adherence to these guidelines would earn consumers a coveted ‘green-star rating’, as reported by the Deccan Herald. The strategy includes advocating water-saving practices, optimizing the…

Meta has announced plans to establish four to five data nodes across various locations in India. This initiative is set to revolutionise data processing speed and efficiency within the country, marking a significant departure from the current setup where data from Indian users is serviced at Meta’s data centre in Singapore. Enhancing Localised Services The upcoming data centre, situated on a sprawling 10-acre campus in Chennai’s Ambattur Industrial Estate, is a collaborative effort between Brookfield Asset Management, Reliance Industries, and Digital Realty. With a robust IT load capacity of up to 100 megawatts, this joint venture facility, known as MAA10,…

In a world marked by ambition and entrepreneurial spirit, a select group of individuals has risen to the pinnacle of wealth, amassing fortunes that rival the GDP of entire nations. These titans of industry, driven by innovation and strategic acumen, wield immense influence over the global economic landscape. Let’s take a closer look at the top 10 billionaires, their remarkable achievements, and the profound impact they have on the world. 1. Bernard Arnault & Family – LVMH (France) Bernard Arnault leads the pack as the CEO and chairman of LVMH, the world’s premier luxury goods conglomerate. With iconic brands like…

In the annals of India’s startup ecosystem, Byju’s was not just a company, it was a phenomenon. Founded in 2011 by Byju Raveendran, the edtech startup swiftly soared to unprecedented heights, becoming the country’s most valuable startup with a staggering peak valuation of $22 billion in 2022. Byju’s innovative learning app revolutionised education, offering a comprehensive platform catering to students from primary school to MBA aspirants. The Downward Spiral However, the euphoria surrounding Byju’s has dissipated rapidly in recent times, replaced by a pall of uncertainty and financial turmoil. The company’s meteoric rise was followed by an equally dramatic fall,…

Karnataka has embraced a support-and-collaboration strategy to encourage the growth of startups and eliminate hurdles hindering their progress. Priyank Kharge, the Minister of IT & BT, Rural Development, and Panchayati Raj, shed light on the state government’s initiatives during an exclusive interaction with Inc42. Beyond merely providing financial assistance, Karnataka is focused on facilitating a conducive environment for startups. This includes offering plug-and-play infrastructure, facilitating access to global markets, and supporting the adoption of emerging technologies. One of the significant strides taken by the government is engaging directly with venture capitalists (VCs) to address the funding needs of startups comprehensively.…

Responses under the Right to Information Act have unveiled that the Indian Railways garnered over Rs 5,800 crore in additional revenue from senior citizens following the withdrawal of concessions in train fares four years ago. The Railway Ministry made the decision to withdraw concessions in train fares for senior citizens on March 20, 2020, coinciding with the nationwide lockdown due to Covid-19. Previously, senior citizens were entitled to a 50 per cent concession for females and a 40 per cent concession for males and transgender passengers on train fares. Since the withdrawal of concessions, senior citizens are now required to…

The Founder and CEO of leading cloud software provider Zoho Corporation, Sridhar Vembu, has issued a pivotal message to startups worldwide: “It’s big time to invest in India.” Addressing young entrepreneurs globally, Vembu remarked, “India presents the most opportune moment for investments.” “Confidence in India’s prosperity is well-founded; it boasts one of the most dynamic and robust economies globally. India is poised for steady growth over the coming decades,” posted Vembu on his LinkedIn. “I’ve spoken with numerous industrial establishments, major companies, colleges, and various forums across India and abroad. The response from Indians living abroad, eager to return to…

Renowned Hollywood power couple Jennifer Lopez and Ben Affleck have made waves in the real estate world with their recent acquisition of a lavish mansion in Los Angeles. According to a report by The Economic Times, the sprawling property, previously owned by Isha Ambani, daughter of Indian tycoon Mukesh Ambani, exchanged hands for an eye-watering USD 61 million (approximately Rs 494 crores). Unveiling the Mansion’s Magnificence Situated on a sprawling 5.2-acre plot in the prestigious Beverly Hills area, the mansion stands as a testament to opulence and grandeur. Boasting an impressive array of amenities, including 12 bedrooms, 24 bathrooms, an…

Following the mega rally showcasing Opposition unity organised by the Aam Aadmi Party at Delhi’s Ramlila Maidan, a bird’s-eye-view photo purportedly depicting the event circulated widely across social media platforms. Some posts even claimed it to be scenes from the recent INDIA bloc alliance rally, with captions like “Modi toh giyo. #INDIAAlliance.” Fact-Checking Unveils the Truth ChannelIAM Fact Check delved into the origins of the viral image and uncovered a startling revelation. Contrary to its purported context, the image actually dates back to February 2019, depicting a mega Opposition rally in West Bengal ahead of the Lok Sabha elections. Tracing…