Author: News Desk

The Ministry of Road Transport and Highways has announced plans to build a new high-speed expressway linking Bengaluru and Mangaluru. The project aims to slash travel time by 7 to 8 hours. In July 2024, the ministry initiated the search for a consulting firm, receiving nine bids by November 2024. The winning bidder is expected to be selected by early 2025, with 540 days allotted to prepare a comprehensive report. Construction is slated to begin by 2028. Key Players: Karnataka PWD and NHAI Spanning 335 kilometers, the expressway will be a joint effort between the Karnataka Public Works Department (PWD)…

In 2017, Jyoti Bansal, the founder and chairman of AppDynamics, encountered what he describes as “the hardest decision” of his professional life: selling his software startup to Cisco for $3.7 billion just days before its scheduled IPO. Although either choice would have significantly enriched Bansal, his foremost concern remained the well-being of his employees. Who Is Jyoti Bansal? Jyoti Bansal is the founder of AppDynamics, which he sold to Cisco in 2017, transforming approximately 400 of his employees into millionaires. A graduate of IIT Delhi, the 46-year-old holds over 20 US patents as the lead inventor. After the sale of…

Step inside the residence of India’s wealthiest cricketer, Samarjitsinh Gaekwad, whose net worth exceeds ₹20,000 crore. His opulent home, the Laxmi Vilas Palace, is valued at over ₹25,000 crore. Ownership and Background Laxmi Vilas Palace is owned by the Royal Family of Baroda, specifically Samarjitsinh Gaekwad, a former cricketer for Baroda with a staggering wealth of more than ₹20,000 crore. Historical Significance and Current Value Originally constructed in 1890 for approximately ₹27 lakh, Laxmi Vilas Palace has appreciated significantly, now recognized as the most expensive mansion in the world, valued at over ₹25,000 crore. Sprawling Grounds The expansive Laxmi Vilas…

Tata Electronics has secured a majority stake in Pegatron’s iPhone manufacturing plant in Tamil Nadu, marking a major step in expanding its role in Apple’s production ecosystem. The strategic move, announced internally last week, sees Tata acquiring 60% of the Taiwanese contract manufacturer’s only iPhone facility in India. Pegatron will retain a 40% stake, continuing to provide technical support. This partnership strengthens Tata’s position as a key supplier to Apple in India, challenging Foxconn, the other major contract manufacturer for Apple in the country. Strengthening Apple’s Diversified Supply Chain This acquisition plays a crucial role in Apple’s ongoing strategy to…

MacKenzie Scott, the former wife of Amazon founder Jeff Bezos, has taken a groundbreaking approach to philanthropy by selling $8 billion in Amazon shares to fund charitable causes across the U.S. Her mission is to use her considerable wealth to address urgent social issues. Since her 2019 divorce from Bezos, Scott has become one of the most influential philanthropists of the 21st century. Through the sale of approximately 255 million Amazon shares, valued at around $37 billion, she has donated to over 2,300 nonprofit organisations, focusing on education, healthcare, housing, and economic opportunity. Philanthropy with a Purpose Scott’s approach to…

Shivon Zilis, a prominent figure in venture capital and artificial intelligence, recently made headlines after a photograph surfaced featuring her with Elon Musk and their twins. The image, taken during a visit to her Austin, Texas, home, was shared by biographer Walter Isaacson. Born in November 2021, the twins are among Musk’s nine children and were seen seated on the laps of Zilis and Musk. A Professional Relationship with Personal DimensionsWhile Zilis and Musk’s relationship is primarily professional, their twins indicate a deeper personal connection. Reports suggest the children were conceived via in vitro fertilisation, with Zilis maintaining there was…

The Income Tax Department has issued a warning about a Rs 10 lakh fine for taxpayers who fail to disclose foreign assets or income in their income tax returns (ITR). This penalty is under the anti-black money law and serves as a reminder, with the deadline for filing late or revised ITRs approaching on December 31. Consultation Paper on Compliance and Awareness On Saturday, the department released a consultation paper as part of its Compliance-cum-Awareness campaign. Taxpayers are advised to provide accurate information in their ITR for the assessment year 2024-25, ensuring that no details are concealed. Key Information on…

India’s Defence Research and Development Organisation (DRDO) successfully conducted a flight test of the country’s first long-range hypersonic missile on November 16, 2024. The test took place at Dr. APJ Abdul Kalam Island, off Odisha’s coast. This advanced missile, capable of carrying various payloads, can cover distances exceeding 1,500 kilometres, enhancing the capabilities of the Armed Forces. Accurate and Precise PerformanceThe missile’s performance was tracked through multiple systems across different locations. Data from ships stationed downrange confirmed that it accurately executed its final manoeuvres, hitting the target with precision. Collaborative Efforts in DevelopmentDeveloped at the Dr. APJ Abdul Kalam Missile…

A gold-coloured Rs 7 coin featuring cricketer MS Dhoni has been going viral on social media, with claims that the Reserve Bank of India (RBI) will issue it to honour Dhoni. However, Channeliam Fact Check has found that this claim is false. The Truth Behind the Viral Image The image of the Rs 7 coin was originally shared by a satirical page. The RBI has confirmed that the claim is untrue. The RBI does not mint coins, and there are no reports or press releases about a new ₹7 coin. How the Claim Was Verified Source of the Image A…

Nayanthara’s upcoming Netflix documentary Nayanthara: Beyond The Fairytale has sparked controversy due to a three-second behind-the-scenes clip from the film Naanum Rowdy Dhaan. Actor Dhanush, who produced the film, filed a ₹10 crore lawsuit, claiming copyright infringement. Lawyer Issues Stern Warning In response, Dhanush’s legal team issued a statement refuting Nayanthara’s claims. They emphasised that the BTS footage belongs to Dhanush as the producer, not the individual who filmed it. The lawyer stated, “Your client’s claims are baseless and lack proof.” 24-Hour Deadline Dhanush’s legal team demanded that the content be removed from the documentary within 24 hours. Failure to…