Author: News Desk
RIYADH: Companies in Saudi Arabia have given huge salary hikes to their expatriate workers. This year, Saudi Arabia became the country with the highest wage increase compared to other GCC countries, with companies implementing wage increases of six to ten percent for workers. In increasing the salary of the workers, Qatar is right behind. Kuwait is lagging behind in terms of salary increases for workers. 63 percent of the companies in the GCC countries have implemented salary increases this year, while 88 percent of the companies in Saudi Arabia have implemented it. These are clarified in the survey report conducted…
Ola Electric Mobility Pvt. Ltd. and the Tamil Nadu government have signed a Memorandum of Understanding (MoU) to spend Rs. 7,614 crore on the state’s production of EVs and lithium-ion batteries. Ola Electric Mobility signed the deal through its subsidiary companies Ola Cell Technologies (OCT) and Ola Electric Technologies (OET). According to the state government, Ola Electric Technologies will invest Rs 2,500 crore in automobile manufacturing and Rs 5,114 crore in the production of lithium cells. The two plants will come up in Krishnagiri district. The company is set to begin mass production of its cells from its upcoming EV hub by 2023. “Ola will set up the world’s largest EV hub with integrated 2W, car and lithium cell Gigafactories in Tamil Nadu. Signed MoU with Tamil Nadu today. Thanks…
Indian Railways will renovate the Delhi Railway Station withmodern amenities. Delhi Junction (Old Delhi Railway Station) will be transformed into a cutting-edge facility with many modern amenities, including luxurious sleeping areas for passengers in the near future. Ronald MacDonald Stevens[U2], who founded the East India Railway Company in 1854, had the idea for the Delhi railway station. The modest Old Delhi Railway Station opened in 1864. However, it took nearly ten years to make it available to the general public. Northern Railway’s General Manager stated that they have spent approximately Rs. 20crore on station redevelopment in the past few years.…
The world’s largest modern downtown, known as New Murabba, will soon be located in Riyadh, according to Saudi Arabia’s Crown Prince and Prime Minister Mohammed bin Salman bin Abdulaziz. The project, which is expected to be finished by 2030, will be included to the kingdom’s list of 15 impending megaprojects that are expected to fundamentally alter the country. As part of Saudi Vision 2030, the New Murabba Development Company (NMDC) was established with the goal of creating the largest contemporary downtown in the world in Riyadh. The establishment of NMDC is a component of PIF’s plan to diversify Saudi Arabia’s income streams while boosting local content, empowering the private sector, and advancing infrastructure development. In order…
Following the announcement that it has inked ten agreements with foreign and Local industries, Bharat Dynamics Limited (BDL) shares saw a significant boost on February 16. Shares of the defence equipment manufacturer were up 8.4% on the BSE at 10:38 am, trading at Rs 866.65 per share. The stock has increased by more than 200 percent over the last three years and has returned 87 percent in thepast year. The company signed these contracts with renowned businesses like Thales, Al Tariq, and Bultexpro, and also collaborated with the Indian Institute of Technology-Madras and Tamil Nadu Industrial Development Corporation, while showcasing…
The integration process between Air India and Vistara, both owned by Tata Sons, has begun as the two airlines work to swiftly finish the merger process. While law firm AZB Partners works on legal and regulatory compliance, a team of top executives from Air India and Vistara, along with consultancy firm Deloitte, has begun the process of integrating human resources. Getting the pilots from the two airlines to work together while also taking the seniority of the cockpit crew into consideration is another challenging problem to solve. According to reports, some Vistara pilots are concerned about how the merger may…
The Nokia X30 5G smartphone comes equipped with Qualcomm Snapdragon 695 SoC with up to 8GB RAM and 256GB internal storage running Android 12 and promises 3 OS upgrades. HMD Global launched the Nokia X30 5G smartphone with the claim of being made of a 100% recycled aluminium frame and 65% recycled plastic back. The company claims the handset is its “most eco-friendly smartphone yet.” Nokia says that the X30 5G delivers “the best PureView photography” with its “best-ever low light imaging. “Two-day battery life is promised and the phone is designed for “every-day life,” With 1 year of warranty,…
Ather Energy, the Bengaluru-based manufacturer of electric scooters, plans to install more than 2,500 grids by the end of this year. Ather Energy has been one of the few brands focusing on expanding the charging infrastructure in India since its inception. It was founded in 2013 by Tarun Mehta and Swapnil Jain. Until now, the company has installed over 1,000 fast charging stations in 80 cities across the country. To facilitate a hassle-free transition to EVs, electric two-wheeler maker Ather Energy is mulling over installing over 2,500 charging stations by the end of 2023. As part of building a fast-charging network, Ather had released its IP for charging connectors to all OEMs, thus paving the way for an interoperable…
The Coimbatore-based company debuted the Jayem Neo Electric, an electric variant of the Jayem Nano, in 2018 and chose to sell 400 of these vehicles to cab operator Ola. It is anticipated that Jayem Neo will soon be available for purchase by the general public as well, and that a formal announcement will follow soon. The car is a properly engineered electric version of Tata Nano made by Jayem Automotive. The name of the car has been changed and it is now known as Jayem Neo. The Tata and Nano badge from the body panels have been removed for the…
The Jetpack suit, displayed at the Aero India Show 2023 and manufactured by Absolute Composite Private Limited, has caught attention for its uniqueness and is in the running for a contract with the armed forces. Indian armed forces are all set to test the suit manufactured by this Bengaluru start-up which will enable soldiers to fly like birds and carry out missions in March. The Indian Armed Forces has placed a Request for Proposal (RFP) for the procurement of 48 jet suits on a trial basis. If they pass the test, the Army would initiate large-scale procurement. Manufactured by Absolute…