Author: News Desk

Swiggy’s upcoming IPO, set to launch on November 13, is expected to bring huge benefits to its employees. The food delivery giant is on track to create significant wealth for its team, with estimates suggesting that around 500 employees could become crorepatis, or millionaires, thanks to a massive payout through employee stock options (ESOPs). The total amount of money being unlocked for these employees is about ₹9,000 crore, marking a major milestone in India’s startup ecosystem. This IPO is anticipated to be one of the largest wealth-generating events for employees in the Indian tech industry. With an estimated valuation of…

US President-elect Donald Trump has named billionaire entrepreneur Elon Musk and Republican politician Vivek Ramaswamy as heads of the newly-formed Department of Government Efficiency (DOGE). This strategic appointment comes as Trump gears up to streamline federal operations during his term starting in January 2025. Tasked With Transforming Federal Bureaucracy Announcing their roles, Trump stated that DOGE’s mission is to eliminate bureaucratic inefficiencies and reduce wasteful government spending. “Together, these two wonderful Americans will pave the way for dismantling bureaucracy and slashing excess regulations,” Trump said, emphasising that this is a core component of his “Save America” agenda. Elon Musk, known…

Virat Kohli, renowned cricketer and car enthusiast, continues to update his garage with luxury and high-performance vehicles. Recently, he was spotted in his new Land Rover Defender and a BMW iX1 EV, showcasing his diverse taste in cars. Kohli, who is the brand ambassador for Audi in India, seems to be expanding beyond the brand, adding more exotic cars to his collection. Land Rover Defender: A Perfect Blend of Luxury and Performance In a video shared by Cars For You, Virat Kohli was seen exiting his Land Rover Defender 110, a five-door version of the iconic SUV. The vehicle combines…

Andhra Pradesh Chief Minister N. Chandrababu Naidu announced a major development after a meeting with Tata Sons Chairman N. Chandrasekaran on Monday. The meeting focused on strengthening ties between the state and the Tata Group, with TCS planning to establish an office in Visakhapatnam, set to generate around 10,000 jobs. Tata’s Legacy and Ongoing Influence in Andhra Pradesh During the meeting, CM Naidu highlighted the significant contributions of the late Ratan Tata to India’s industrial landscape and to the state’s growth. He praised Tata Group’s continued impact on the state’s development, especially through its ongoing and upcoming projects. Key Tata…

When we think of the world’s wealthiest individuals, names like Elon Musk, Jeff Bezos, and Mukesh Ambani often come to mind. However, Russian President Vladimir Putin surpasses them all with a net worth of approximately $200 billion, or Rs 16,71,877 crore. Putin’s Modest Official Earnings vs. Lavish Lifestyle While Putin’s official income is modest, with a reported annual salary of $140,000 (around Rs 1 crore), his lifestyle speaks of extraordinary wealth. He owns far more than the few assets he publicly claims, including an 800-square-foot apartment, a trailer, and three cars. A Fleet of Luxury Assets Putin’s real estate portfolio…

Air India, owned by the Tata Group, announced a major update to its in-flight meal services. The airline will no longer provide halal-certified non-vegetarian meals for Hindu and Sikh passengers. However, travellers can still pre-book a “Muslim Meal” (MOML), which will remain halal-certified. This change, effective from November 10, is intended to cater to the dietary preferences of Air India’s diverse customer base. New Meal Options Introduced The policy shift addresses long-standing concerns from passengers who opposed the mandatory provision of halal meals. Critics argued that it ignored the dietary customs of Hindu and Sikh communities. Under the new policy,…

A video of Asle Toje, deputy leader of the Nobel Prize Committee, discussing Prime Minister Narendra Modi’s intervention in the Russia-Ukraine conflict has gone viral on social media. The video suggests that PM Modi has been nominated for the 2024 Nobel Peace Prize. However, after thorough fact-checking, Channeliam can confirm that this claim is false. The Origin of the Claim The viral video, shared widely across platforms, shows Asle Toje praising PM Modi for his role in discouraging Russia from using nuclear weapons during the ongoing conflict. While Toje commended India’s diplomatic efforts, especially under PM Modi’s leadership, these remarks…

Azim Premji, one of India’s wealthiest individuals and a leading figure in the tech world, has made a significant investment in Wipro, one of the country’s top software services companies. As of 2024, Premji holds a real-time net worth of $12.3 billion, ranking 190th on the Forbes Billionaires list. Premji Invests ₹4,757 Crore in Wipro Premji’s private equity firm, Premji Invest, acquired a 1.6% stake in Wipro for ₹4,757 crore through an open market transaction on November 8. The shares were bought at an average price of ₹560 each, amounting to 8.5 million shares. The purchase was made via Prazim…

An international study on migrant labour in Saudi Arabia and Kuwait suggests that the growing reliance on local workers could soon replace many jobs currently held by expatriates, particularly in skilled and semi-skilled sectors. The study, authored by Abdul A. Erumban and Abbas Al-Mejren, indicates that while migrant workers in low-skilled jobs may remain in demand for some time, automation and upskilling of local workers will likely reduce the need for foreign labour in the long run. Local Workers Taking Over Migrant Jobs The research highlights that as the local workforce in Saudi Arabia and Kuwait continues to upskill, even…

At the 2024 Nvidia AI Summit in Mumbai, a unique blend of Bollywood and cutting-edge technology took centre stage. Bollywood superstar Akshay Kumar, known for his martial arts passion, met Jensen Huang, the CEO of Nvidia, sparking a playful moment that would become one of the highlights of the event. Despite the summit’s focus on strengthening India’s AI capabilities, the encounter took an unexpected turn as Kumar shared a social media post showcasing himself and Huang in a martial arts pose. Kumar humorously captioned it, “Imagine meeting the world’s biggest authority on Artificial Intelligence and ending up chatting about martial…