Author: News Desk
Swiggy is gearing up for a ₹10,000 crore IPO, poised to become India’s largest initial public offering by a new-age company after Paytm. This move not only signifies a significant milestone for the Bengaluru-based startup but also marks its aggressive intent to dominate the rapidly expanding quick commerce market. Funding Focus: More Than Just Food Delivery While Swiggy aims to enhance its food delivery service, a substantial portion of the raised funds will fuel the growth of its quick commerce arm, Instamart. With Zomato already well-established in the space following its acquisition of Blinkit, competition is heating up as Swiggy…
An effort by the Union government earlier this year aimed to clarify the legal standing of bike taxis. An advisory notification stated that motorcycles fall under the definition of “contract carriage” according to Section 2(7) of the Motor Vehicles (MV) Act. It emphasised that vehicles with fewer than four wheels and an engine capacity over 25cc also qualify as motor vehicles, thereby categorising motorcycles within the act. However, this did not resolve the confusion, prompting the government to pursue further amendments. Proposed Amendments to the Motor Vehicles Act The Ministry of Road Transport and Highways (MoRTH) has proposed amendments to…
Founded in the 1930s by Ganga Bishan Agarwal in North India, Haldiram’s is renowned for its wide range of food products, including sweet and savoury snacks, frozen meals, and breads. According to sources, Temasek Holdings Pte. is in discussions to acquire a minority stake in Haldiram Snacks Pvt Ltd., potentially valuing the company at approximately $11 billion. The Singaporean state investor is reportedly considering purchasing between 10% and 15% of Haldiram, aiming to position itself for a future initial public offering (IPO). Although talks are underway, they may not necessarily result in a finalised deal, as other bidders have also…
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, has approved a new master plan for Expo City Dubai, with the presence of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai and Chairman of The Executive Council. Driving Dubai’s Development The master plan highlights Expo City Dubai’s role in shaping Dubai’s future and enhancing its global reputation. This site, once home to the historic 2020 World Expo and COP28, is positioned to drive progress across various sectors in the emirate. Strategic Growth and Investment Expo City’s expansion plans…
As wearable technology evolves, humans are increasingly embracing its adaptability and interactivity. One of the most promising innovations gaining traction is augmented reality (AR) glasses. Meta’s Latest Prototype: Orion Recently, Meta unveiled a prototype of their latest AR glasses, named Orion. Resembling reading glasses, these innovative devices utilize holographic projections, enabling users to see digital graphics through transparent lenses within their line of sight. Meta’s CEO, Mark Zuckerberg, has touted Orion as “the most advanced glasses the world has ever seen,” claiming they represent a future where smart glasses could replace smartphones as the primary means of communication. However, one…
A recent survey reveals that 53% of women entrepreneurs in India prefer using gold as collateral to secure loans for their businesses, particularly in cities like Chennai, Mumbai, and Delhi. While gold is a popular asset, many self-employed women still favour personal savings over loans, indicating a need for enhanced support in accessing financing options. Gold as a Popular Collateral The survey, conducted by CRISIL and DBS Bank India, highlights gold’s significant role in funding among women entrepreneurs. Alongside property, gold is the most commonly used collateral for loans. The trend is most pronounced in Chennai, where nearly 52% of…
Apple is gearing up for further growth in India following the success of its flagship stores. As long queues formed outside the Apple store in Mumbai ahead of the iPhone 16 sale, the company announced plans for more retail locations and local manufacturing of its latest products. New Apple Stores Coming Soon Apple is set to open new retail stores in Bengaluru, Pune, Delhi-NCR, and Mumbai. This expansion follows the positive response to the company’s first two stores, opened in April 2023 in Mumbai’s BKC and Delhi’s Saket. According to Deirdre O’Brien, Apple’s Senior Vice President of Retail, the brand…
A viral SMS that falsely claims to be from India Post has been debunked by Channeliam Fact Check. The fraudulent message urges users to update their PAN card details to avoid having their India Post Payments Bank accounts blocked. Channeliam Fact Check has confirmed that the message is entirely fake and warns users to stay vigilant. The False Claim The SMS in question misleadingly informs users that their India Post Payments Bank accounts will be blocked within 24 hours unless they update their PAN card details. It also includes a suspicious link for users to click and “update” their information.…
Hydrogen-powered railway technology has evolved significantly over the past 20 years, beginning with Japanese experiments and a small U.S. underground mining locomotive using fuel cells. This technology has expanded to include trams, commuter trains, and freight locomotives. Talgo’s Ambitious Project Spanish train manufacturer Talgo is set to build the first high-speed hydrogen-powered trains, marking a major milestone in Europe’s rail network. This initiative aims to enhance the efficiency of rail travel and could signify a broader shift towards hydrogen-powered transport. Historical Context of Hydrail Spain has a history of engaging with hydraulic technology, dating back to 2006 when Dr. Carlos…
Govinda is a celebrated figure in Bollywood, known for his remarkable comedic talent and a string of iconic films. His journey from an actor to a multifaceted personality showcases his success across various fields, resulting in a significant net worth nearing Rs 150 crore (around $18 million). Film Career and Earnings Govinda’s Bollywood career has been a key factor in his financial success. With a string of hit films under his belt, he remains a favourite among audiences. His annual income is estimated at Rs 12 crore, with earnings from film projects averaging Rs 5-6 crore each. Additionally, brand endorsements…