Author: News Desk

n a significant move towards sustainability, the Department of Economy and Tourism (DET) in Dubai has launched the “Dubai Sustainable Tourism Stamp” to recognise hotels that prioritise eco-friendly practises. This initiative aligns with the UAE’s Year of Sustainability and aims to bolster Dubai’s reputation as a leading global destination committed to sustainable tourism. Promoting Sustainable Tourism Practises: The “Dubai Sustainable Tourism Stamp” will acknowledge hotels that meet DET’s 19 “Sustainability Requirements,” focusing on energy and water efficiency, waste management, and staff education initiatives. By encouraging these eco-conscious practises, the initiative aims to foster a greener and more responsible hospitality sector in the city. Three-Tier Recognition System: The accreditation process will be overseen by an expert committee to ensure adherence to global…

Growing Interest in Women Entrepreneurship New Delhi, 26th July 2023 – In a recent Lok Sabha session, Shri Rajeev Chandrasekhar, the Union Minister of State for Skill Development, Entrepreneurship, Electronics, and IT, highlighted the encouraging trend of increasing interest in entrepreneurship among women in India. Responding to queries from esteemed Lok Sabha members, he shared valuable insights into the remarkable surge in the number of women entrepreneurs, including the state of Kerala. Tripling the Number of Women-Owned Enterprises on Udyam Portal According to data released by the Ministry of Skill Development and Entrepreneurship, there has been an impressive three-fold increase…

Byju’s, the renowned edtech start-up founded by Raveendran, is currently grappling with a series of crises that have raised concerns about its financial stability and corporate governance. As the company faces $1 billion in equity fundraising uncertainty and allegations of poor governance, its founder broke down in tears while defending the company in calls with investors. Raid and Financial Irregularities: In late April, Indian officials conducted a raid at Byju’s Bengaluru offices, linking the company to possible foreign exchange violations. Additionally, the firm faced criticism for failing to file its financial accounts on time, with accusations of hiding substantial funds…

The DIFC Sculpture Park, currently in its second edition, is attracting attention in Dubai for its outstanding display of over 70 curated artworks. The financial district, renowned for its fintech companies, is now establishing itself as an art destination, showcasing sculptures that capture imagination and creativity. ‘Tales Under the Gate’ is the theme of this year’s exhibition, offering visitors a fascinating journey through various artistic expressions and interpretations. Noteworthy sculptures include: DJ Hercules: A quirky sculpture depicting the mythical figure Hercules as a modern-day DJ, symbolising the power of music to unite people, crafted by artist Emre Yusufi Sfera Conchiglia:…

Disney, the world’s largest Entertainment company, is reportedly re-evaluating its film release schedule for the remainder of 2023 in light of the ongoing strike by actors. Insiders familiar with the matter have disclosed that the strike has prompted discussions within Disney, and potential delays for certain titles are being considered due to concerns that the absence of actors could hinder promotional efforts for the movies. The highly anticipated sequel “The Marvels” in the Marvel Cinematic Universe (MCU) might face a potential postponement due to the ongoing strike by the Writers Guild of America and The Screen Actors Guild. The inability for…

Elon Musk announced the renaming of Twitter as “X” and the elimination of all associated words and the bird logo. Analysts estimate that the move has caused Twitter to lose between $4 billion and $20 billion in brand value, dealing a significant financial blow. The new CEO, Linda Yaccarino, revealed the vision for “X” to become a multifaceted platform for audio, video, messaging, payments, and banking. Critics view the renaming as a mistake, as Twitter was a highly recognisable social media brand with its own linguistic impact through terms like “tweet” and “retweet.” The rebranding will require the company to rebuild its cultural pull and linguistic consensus from scratch, which…

Bain Capital to acquire Gautam Adani’s 90% stake in Adani Capital and Adani Housing Finance. The move comes as Adani seeks to concentrate on core businesses after facing a damaging short-selling attack earlier this year. Adani Capital specializes in providing loans to small and medium-sized businesses, while Adani Housing Finance focuses on home loans. Former Macquarie investment banker Gaurav Gupta, who will continue as CEO and Managing Director, retains his 10% stake in the businesses.Adani Group’s extensive business empire, spanning coal mining to data centers and TV channels, has been recovering since the short-seller attack resulted in significant losses in market value. To…

Threads, touted as a potential “Twitter-killer” during its launch, has seen a significant decline in active users and engagement, according to data from app tracking firm Sensor Tower. After amassing a staggering 100 million sign-ups within days of its debut, the app has witnessed a 20% decrease in active users and a 50% reduction in time spent on the platform, dropping from 20 minutes to 10 minutes. Threads isn’t the only Twitter alternative to struggle with waning interest. Mastodon, which saw a surge in sign-ups after Elon Musk’s acquisition of Twitter, has also failed to sustain user engagement since late last year. Bluesky, backed by Twitter’s co-founder Jack Dorsey, hasn’t made substantial progress either. Unlike Twitter, Threads lacks the feature of operating anonymously, affecting…

Twitter, the popular social media platform, has recently faced significant scrutiny in India due to its alleged non-compliance with the new IT rules that took effect on May 26. Reports emerged on June 16, indicating that Twitter had lost its intermediary status in the country. This development has raised numerous questions about the consequences of losing such status, the impact on users, and the scope for self-censorship. In this article, we delve into the implications of this incident and attempt to answer some of the pressing questions surrounding it. 1. Understanding the Loss of Intermediary Status The intermediary status granted…

Twitter’s owner, Elon Musk, signalled his plans to revolutionize the social media platform through a complete rebranding. The iconic blue bird logo, synonymous with Twitter, will soon be replaced by a new symbol, likely an “X” representing Musk’s vision for the future. Additionally, tweets will be renamed to “X” in line with the transformation. The move comes amid financial challenges and a decline in advertising revenue for Twitter. Furthermore, Musk conducted a poll among his millions of followers, seeking their opinion on changing the platform’s color scheme from blue to black. He shared an image of a stylized “X” set…