Author: News Desk
Royal Enfield’s Classic 350 remains its flagship product, even as the company broadens its portfolio across various segments. Originally launched in 2009, the Classic 350 received a major update in 2021 with a new chassis and engine, enhancing its overall refinement. Now, almost three years later, Royal Enfield has unveiled the updated Classic 350. The new model will have its pricing announced on September 1, 2024, with deliveries set to begin on the same day. Design and Cosmetic Changes The 2024 Classic 350 retains the design elements of its predecessor but introduces subtle cosmetic updates. Among these are seven new…
Nita Ambani, Founder & Chairperson of Reliance Foundation, announced on the 90th birth anniversary of Reliance’s Founder-Chairman Shri Dhirubhai Ambani that the foundation aims to award 50,000 scholarships over the next decade. This initiative underscores Reliance Foundation’s dedication to fostering academic excellence and empowering the youth of India. Applications Open for 2024-25 Scholarship Program The Reliance Foundation has officially launched the application process for its 2024-25 scholarship program. This year, the foundation will support 5,100 undergraduate and postgraduate students across India, providing them with the financial resources and mentorship they need to achieve their academic and professional goals. The foundation…
Tata Steel, a prominent Indian multinational steel company headquartered in Mumbai, has announced a significant acquisition. The company has acquired approximately 116 crore equity shares in its Singapore-based subsidiary, T Steel Holdings Pte Ltd (TSHP), for USD 182 million (around Rs 1,528 crore). This move is part of Tata Steel’s ongoing expansion strategy and reinforces its global presence. Details of the Acquisition According to an exchange filing, Tata Steel has purchased 1,15,92,35,669 ordinary equity shares with a face value of USD 0.157 each. Following this acquisition, TSHP will remain a wholly-owned subsidiary of Tata Steel. Tata Steel’s Market Position Tata…
Rajpal Yadav took out a loan from a bank in 2005, but he hasn’t been able to repay it, leading the bank to seal his property in Shahjahanpur. At the time of the sealing, Rajpal owed the bank Rs 11 crore. Known for his comic roles and loved by fans, Rajpal is now in the news for these financial problems rather than his film career. Details About the Loan and Property The property sealed by the Central Bank of India is located in Seth Enclave Colony, Shahjahanpur. Rajpal had mortgaged this property to get a Rs 3 crore loan in…
Starbucks has announced that Brian Niccol, CEO of Chipotle, will replace Laxman Narasimhan as the new chief executive. Laxman Narasimhan, who had been with Starbucks since March 2023, has stepped down immediately from both his CEO role and his position on the board. Current Challenges for Starbucks The timing of this leadership change comes as Starbucks is grappling with declining sales and market difficulties, particularly in China. The company is working to address these issues amid a challenging business environment. Background on Laxman Narasimhan Laxman Narasimhan, with his extensive background in consumer brands like PepsiCo, took over the Starbucks helm…
The Supreme Court has levied significant penalties on the Sahara Group’s ten companies and their top directors due to their failure to adhere to a court order. Each company has been fined Rs 10 lakh, while the top 20 directors face fines of Rs 5 lakh each. This total penalty of Rs 2 crore is directed towards the Kerala Chief Minister’s Relief Fund to aid in the restoration efforts following the devastating landslides in Wayanad. Background of the Case In October 2023, the Supreme Court had ordered Sahara Group to provide flats to certain homebuyers. Despite multiple opportunities to comply…
Two Kerala-based startups, ZuperAI and Interval, have recently been selected for the prestigious NVIDIA Inception program, marking a significant milestone for the state’s growing tech and innovation ecosystem. ZuperAI: Pioneering AI-Driven Disaster Communication Founded by Arun Perooli, ZuperAI is an AI startup based in Bengaluru and registered in Kerala. The company focuses on developing advanced communication systems to enhance disaster management and response. ZuperAI’s innovative solutions aim to automate and streamline communication for governments, rescue teams, and NGOs during emergencies, including natural disasters and public health crises. ZuperAI has gained recognition for its work during critical events such as the…
The 70th National Film Awards winners were announced on Friday at the National Media Center in New Delhi. This year’s ceremony, which will honor the best Indian films from 2022, will be held at a later date, with the President presenting the awards. Major Winners of the 70th National Film Awards Best Feature Film Best Actor Best Actress Best Director Best Supporting Actress Best Supporting Actor Best Film Providing Wholesome Entertainment Best Debut Film Regional Film Awards Special Mentions and Technical Awards Non-Feature Film Awards The awards ceremony, delayed by the COVID-19 pandemic, follows the 69th National Film Awards held…
Indian Railways has launched a new premium linen collection designed to significantly improve passenger comfort. This collection features ultra-soft, breathable fabric and increased durability, aimed at enhancing the overall travel experience for rail passengers. Collaborative Development and Design The new linens were developed through extensive research and development by Indian Railways, in collaboration with the Bureau of Indian Standards. They are sourced from globally recognized brands to ensure top-notch comfort and a travel experience comparable to the hospitality industry. Initial Rollout and Availability The upgraded linen was first introduced on the Ranchi Rajdhani Express on August 14, 2024. It will…
Google is significantly expanding its local manufacturing presence by assembling the Pixel 8 smartphones in India. This initiative, led by Wowtek Technology India—part of Bharat FIH and Hon Hai Technology Group (Foxconn)—is based in Tamil Nadu. This move marks a strategic step in Google’s efforts to increase its manufacturing footprint in the region. Strategic Objectives and Future Plans Google plans to transition the majority of its mobile device assembly to India over the next three years. Initially, the assembly will involve a limited number of phones, with the goal of ramping up production based on feedback and stabilization of the…