Author: News Desk
The co-founder and Chief Technology Officer (CTO) of food delivery service Zomato, Gunjan Patidar, announced his resignation on January 2, 2023, the latest in a string of high-level departures. One of Zomato’s original few workers, Patidar created the company’s primary technical infrastructure. He also developed a tech leadership team during the past 10 or more years, according to Zomato in a stock exchange filing.Zomato stated that Patidar was not a key managerial employee in a stock exchange filing (KMP). Patidar, who has worked for Zomato for 14 years, was one of the company’s first workers, according to his LinkedIn profile.…
The year 2023 will be a golden year for gold metal, experts say. According to a recent report by ICICI Direct, gold prices are likely to soar mostly because of the weakness in the dollar. The US Fed is likely to halt rate hikes next year and may even cut rates in Q4 2023. The prediction is that in 2023, gold prices may touch their all-time high mark of Rs 62,000. The last year saw the global gold prices declining constantly except for the all-time high point of above $2,000 an ounce in March. The decline happened in spite of inflation and geopolitical crisis. US Fed’s aggressive interest rate hikes and…
Cristiano Ronaldo has joined the Saudi Arabian Club Al-Nassr. Ronaldo will be paid 172 million pounds per year by Al-Nassr. Of that, 62 million will be Ronaldo’s salary. The rest will be met through image rights and commercial deals. The club is yet to confirm how long Ronaldo would play for it. Speculations say that the deal is two-and-a-half years. Ronaldo is part of Saudi Arabia’s bid for the 2030 World Cup. Ronaldo’s agreement with Manchester United was terminated last month by mutual consent .An interview with Pierce Morgan where he criticised the club owners triggered the termination. Manchester paid…
The Indian Space Research Organisation (ISRO) is all set to indulge in new experiments in 2023. ISRO’s plans would begin early next year with the first runway landing experiment (RLV-LEX) of the reusable launch vehicle from the Aeronautical Test Range in Karnataka’s Chitradurga. Besides Aditya and Chandrayaan-3, the year will also see a series of experiments on India’s maiden human space flight – the Gaganyaan project. The first uncrewed mission with the aim of validating the performance of the human-rated launch vehicle, orbital module propulsion system, and recovery operations is expected to take place in the last quarter of 2023. …
In 2022, India lost some of its business veterans. From Rakesh Jhunjhunwala to former Tata Sons chairman Cyrus Mistry, the demises of some of the greatest minds have left a deep void in India’s business scenario. As the year concludes, Channeliam remembers the entrepreneurs who departed leaving a great legacy. Rakesh Jhunjhunwala: Known as the ‘Warren Buffet of India’, Rakesh Jhunjhunwala, one of India’s richest business persons, passed away on August 14, 2022, just a few days after launching his dream project Akasa Airline. Cyrus Mistry: Former Tata Sons Chairman Cyrus Mistry died in a car accident that happened at…
The year 2022 saw record business acquisitions and mergers. Sectors such as banking, cement, and airline witnessed some of the greatest deals of the year. If the value of merging and acquisition deals in 2021 was 107 billion dollars, it elevated to 152 billion dollars in 2022. The year saw some record deals after 2018. Let us have a look at some of the milestones. Elon Musk bought Twitter:Musk’s purchase of Twitter for 44 billion dollars was the most dramatic of all. Musk, who was the world’s number one billionaire in early 2022, acquired the micro-blogging platform Twitter after a…
The year 2022 was a learning curve for the startup sector. The startup ecosystem kicked off the journey at a good pace by elevating 14 startups to unicorn status within the first three months. However, annual startup funding reports say that the funding declined by 40 per cent in 2022 compared to the previous year. The funding winter has adversely affected the emergence of unicorns. According to data intelligence platform Venture Intelligence, if 2021 gave birth to 44 unicorns, in 2022, it was just 21. While the seed-stage startups caught the attention of investors, growth, and late-stage startups fell behind.…
Dubai airport opens a 24×7 gaming lounge for passengers. The Game Space at Terminal 3 offers an array of packages to travellers.One can opt for 30 minutes of playtime to unlimited hours per day. There are 13 play stations with more than 40 video titles. Some of the titles include Fortnite, League of Legends, Gran Turismo 7, and Crash Bandicoot.The lounge has received celebrity guests like Italian player Daniel Madonia. The space has both solo and multiplayer gaming consoles. The family-friendly area has games that children can play.
The iQOO 11 is scheduled for January 11 in India. It is the fastest Android phone in the world and offers 5G connectivity. The AnTuTu benchmark gave this smartphone the highest rating. This smartphone will use a Qualcomm Snapdragon 8 Gen 2 chipset. This will be the first smartphone with this processor to be sold in India. This future smartphone will have the country’s first 2K E6 display. There will be a 144Hz refresh rate on this smartphone.
In a Twitter conversation, Zoho CEO Sirdhar Vembu outlined how India can create globally competitive businesses like Apple, Google, Pfizer, Samsung, Honda, Boeing, Siemens, TSMC, or Huawei. He asked, “Why are these firms so crucial to their host countries? ” in a Tweet. Is India on the right track to creating these businesses? I’ll delve into these inquiries.” He wrote, “These enterprises are tremendously vital to their host nations because they encapsulate within themselves the cutting-edge know-how and R & D skills necessary for modern living and nationhood,” in response to the question, “Why are these companies so important to…