Author: News Desk
In a groundbreaking move aimed at transforming India’s port landscape, DP World has entered into a strategic agreement with the Deendayal Port Authority. This landmark collaboration aims to develop, manage, and maintain a state-of-the-art container terminal with an annual capacity of 2.19 million TEUs along India’s western coast. Heralding a Partnership for Progress The Deendayal Port Authority, recognizing the potential of this innovative project, granted the concession to develop the mega-container terminal to Hindustan Infralog Private Limited. This venture is a joint effort between DP World and the National Investment and Infrastructure Fund—an investment platform fostered by the Government of…
Wholsum Foods, founded in 2015 and based in New Delhi, is a startup focused on offering healthy food options based on millets. The company was started by Meghana Narayan and Shauravi Malik, both of whom brought their expertise from previous professional roles. Meghana led the Public Health practice at McKinsey & Company, while Shauravi worked at J.P. Morgan in the liability management department. The startup has two main brands under its umbrella: Slurrp Farm and Millé. Slurrp Farm This brand focuses on providing healthy food options for children. It offers products that incorporate supergrains like millets and plant proteins from legumes. Slurrp Farm…
The enchanting festival of Onam has woven Kerala’s cultural fabric for centuries, but its influence on business dynamics has been more transformative than ever in the year 2023. The remarkable evolution of Onam business, magnifying the pivotal changes that unfolded over the years, with special attention to the current landscape and happenings in 2023. 1. Traditional Marketplaces in the 2000s: The Roots of Commerce The early 2000s set the stage for Onam business, with bustling traditional markets dominating the scene. Stalls adorned with vibrant attire, jewelry, and handicrafts resonated with the festival’s spirit, offering a sensory delight to both locals and tourists. It was an era where the…
Instant grocery delivery startup Zepto has achieved a remarkable feat by securing a staggering $200 million in its latest funding round, elevating its valuation to an impressive $1.4 billion. This substantial funding places Zepto in the esteemed category of unicorns—a term used to describe startups valued at $1 billion or more. What sets Zepto apart is its ability to thrive in a sector that has posed challenges for many of its peers. StepStone Group Leads Series E Funding StepStone Group, a prominent Limited Partner (LP) with a significant presence in various venture funds including Nexus Venture Partners, took the lead…
Indian Oil Corporation (IOC), the nation’s premier fuel retailer, is set to embark on a monumental journey of investment, aiming to allocate over Rs 4 lakh crore throughout the coming decade. This strategic initiative encompasses substantial expansion within the realms of oil refining and petrochemicals, along with ambitious energy transition projects. Chairman Shrikant Madhav Vaidya unveiled this transformative plan, solidifying IOC’s determination to evolve into a ‘360-degree energy company’, in alignment with the company’s long-term strategy. Fuel Refining and Carbon Neutrality: Multi-Billion Rupee Commitments A considerable portion of the investment, approximately Rs 1 lakh crore, will be directed towards amplifying…
Prime Minister Narendra Modi made a significant visit to the Indian Space Research Organisation (ISRO) headquarters in Bengaluru on Saturday, where he met the brilliant minds behind the triumphant Chandrayaan-3 mission. The Prime Minister’s arrival was greeted with warmth and enthusiasm by the ISRO community. A Briefing on Chandrayaan-3’s Journey During his visit, PM Modi was given a comprehensive briefing by ISRO Chairman S Somanath on the remarkable journey of the Chandrayaan-3 Mission. The presentation shed light on the dedicated efforts invested by the scientific community to bring this ambitious project to fruition. Warm Greetings and Slogan for Science Before…
Japan’s H2-A Rocket Aims for Lunar Expedition Following Recent Space Achievements Japan’s renowned space agency, the Japan Aerospace Exploration Agency (JAXA), is embarking on an ambitious lunar journey with its H2-A rocket. This comes in the wake of both the notable success of India’s Chandrayaan-3 mission and Russia’s Luna-25 mission setback. Scheduled for launch on a Sunday morning, the H2-A rocket is primed to continue Japan’s legacy of space exploration following a string of recent achievements and challenges. Chandrayaan-3 Triumphs as Luna-25 Faces Setback India’s space agency, the Indian Space Research Organisation (ISRO), secured a significant milestone with the Chandrayaan-3…
The Indian government has announced the launch of the ‘Mera Bill Mera Adhikaar’ initiative, which aims to encourage customers to ask for bills for all their purchases. The initiative is designed to promote transparency, accountability, and compliance in financial transactions. Here are the key details of the initiative: Objective The primary goal of the ‘Mera Bill Mera Adhikaar’ initiative is to cultivate a culture where customers demand and receive bills for their purchases. This helps in preventing tax evasion and promoting legitimate transactions. Prizes As part of the initiative, customers who ask for bills and upload them to the system…
Reliance Industries, a major conglomerate in India, has formed a partnership with The Oberoi Hotels and Resorts to jointly manage three hospitality properties across India and the UK. The collaboration includes the following properties: Anant Vilas Hotel This upcoming property is situated in Mumbai’s Bandra Kurla Complex (BKC). It is part of the luxury ‘Vilas’ portfolio managed by Oberoi. Anant Vilas aims to offer an iconic luxury experience for discerning visitors in the bustling business district of BKC. This property seeks to enhance the hotel offerings in the area, which is becoming a mixed-use destination with various amenities and attractions.…
In a gripping showdown at the World Cup chess final in Baku, Norwegian grandmaster Magnus Carlsen secured victory against the young Indian prodigy R Praggnanandhaa. The tiebreaker encounter proved Carlsen’s prowess as he skillfully outplayed his opponent to claim the coveted title that had eluded him. The contest marked a turning point in Carlsen’s career, demonstrating his continued dominance in the chess world. Swift Triumph in Tiebreakers Carlsen’s triumph was swift and decisive. The Norwegian maestro demonstrated his strategic brilliance by closing out the competition in the initial set of rapid games. In the first game of the tiebreaker, Carlsen…