Author: News Desk

India is home to numerous billionaires, many of whom have transformed startups into major brands. One standout figure in this landscape is Deepinder Goyal, co-founder and CEO of Zomato, a leading food delivery service. Recently, Goyal joined the elite billionaire club as Zomato’s market capitalization surpassed the USD 2 trillion mark. Rising Wealth and Market Milestones As of July 15, Deepinder Goyal’s net worth stands at approximately USD 1.4 billion, or Rs 11,700 crore, reflecting a growth of about USD 33 million this year. He holds a 4.24% stake in Zomato, owning 36.95 crore shares. On July 15, Zomato’s shares…

Former Indian cricket captain MS Dhoni has made a significant investment in the ride-hailing startup BluSmart, contributing to a ₹200 crore funding round. Established in 2019, BluSmart distinguishes itself by exclusively operating electric vehicles, positioning itself as a sustainable alternative to mainstream platforms like Ola and Uber. This marks Dhoni’s third investment in the automobile sector. Overview of BluSmart BluSmart is a ride-hailing service that focuses solely on electric vehicles. With a valuation of $250 million (approximately ₹2,089 crore), the startup aims to reshape urban transportation in India. Dhoni’s investment reflects his commitment to supporting sustainable business models within the automotive industry. Dhoni’s Broader Investment Portfolio Apart from BluSmart, Dhoni…

Gold prices remained steady in Dubai at the start of the week after a strong performance in the previous week. In the UAE, the price for 24K gold was trading at Dh292 per gram, while 22K, 21K, and 18K gold were priced at Dh270.5, Dh261.75, and Dh224.25 per gram, respectively. Global Market Trends On the global front, gold saw a slight increase of 0.10%, reaching $2,411.02 per ounce. This rise follows a rally of over 2% last week, driven by soft inflation data from the US, which boosted expectations for a potential interest rate cut in September, along with dovish…

In the UAE, both citizens and expatriates are required to possess an Emirates ID, which serves as a crucial identification document. Failing to renew or losing your Emirates ID can lead to significant fines. Types of Violations and Fines According to the Federal Authority for Identity and Citizenship (ICP), there are 14 violations related to Emirates ID and UAE visa services. Fines for these violations range from Dh20 per day up to Dh20,000, depending on the severity of the offence. Residency and Foreign Affairs Violations The ICP outlines six specific violations, each resulting in a Dh500 fine: Serious Violations There…

Tesla is actively seeking fresh graduates for entry-level, internship, and various roles in engineering, technology, digital technology, automation, software, business operations, sales, and marketing across the USA and other countries in 2024. The company, renowned for its innovation in the automotive and clean energy sectors, offers competitive salaries ranging from ₹40K to ₹55K per month for these full-time positions, targeting candidates with 0 to 4 years of experience and any graduate qualification. In the role of a Sales Advisor, new hires will play a crucial part in guiding customers through their journey to owning a Tesla vehicle. Responsibilities include being…

Abu Dhabi has introduced an interest-free, long-term loan program for licensed Emirati startups in key sectors, offering loans ranging from Dh150,000 to Dh3 million. This initiative is part of a new funding suite from the Khalifa Fund for Enterprise Development, aimed at supporting the growth of local businesses. Start-Up Funding Programs The funding program includes several options tailored to different business needs: Expansion Loans The Expansion Loan is tailored for successful SMEs looking to grow their operations. This program offers financing up to 80% of total expansion costs, with limits of Dh3 million for manufacturing businesses and Dh2 million for other priority sectors. Agri-Tech Funding Program To promote modern agricultural…

Mukesh Ambani, Asia’s richest man, recently celebrated the wedding of his youngest son, Anant Ambani, to pharmaceutical heiress Radhika Merchant in a lavish three-day event at the Jio World Centre in Mumbai. The high-profile wedding, which began on July 12, was marked by stringent security measures, including QR codes and color-coded wristbands for guest access to various zones within the venue. The festivities kicked off with the wedding ceremony attended by an array of global celebrities, business tycoons, cricketers, film stars, and politicians. On July 13, a blessing ceremony called ‘Shubh Ashirwad’ was held, graced by the presence of Prime…

Anant Ambani, the youngest son of Asia’s richest individual, recently married Radhika Merchant, and as part of the grand celebration, he gifted his groomsmen stunning luxury watches. Luxurious Gifts for Special Friends Among the notable groomsmen were Bollywood stars Shahrukh Khan, Ranveer Singh, and Shikhar Paharia, all of whom received limited-edition Audemars Piguet watches valued at ₹2 crore each. This thoughtful gesture reflects Anant’s appreciation for his close friends during this significant occasion. Features of the Opulent Timepiece The watches gifted by Anant Ambani are remarkable in both design and craftsmanship. Each piece boasts a thickness of 9.5 mm and…

Indian Railways has teamed up with the Delhi Metro Rail Corporation (DMRC) and the Centre for Railway Information Systems (CRIS) to introduce the ‘One India – One Ticket’ initiative. This collaboration aims to enhance the travel experience for passengers using railway and Metro services within Delhi/NCR. A key development in this initiative is the beta launch of DMRC QR code–based tickets, which occurred on Wednesday. This feature allows main line railway passengers to book Delhi Metro tickets directly through the IRCTC website and the Android version of the mobile application. The full-scale launch of this service is expected in the…

The wedding of Anant Ambani and Radhika Merchant was not just a celebration of love but a grand showcase of luxury and culinary artistry. This event, hailed as one of the most extravagant weddings in history, attracted a star-studded guest list and featured an extraordinary gastronomic experience. A Star-Studded Culinary Team To elevate the dining experience, the Ambani family enlisted renowned chefs Virgilio Martínez and Avinash Martins. Chef Martínez, celebrated for his innovative approach and the mastermind behind Lima’s Central—named the world’s best restaurant in 2023—was flown in from Peru. Joining him was Goan chef Avinash Martins, whose expertise in…