Author: News Desk
His Majesty Sheikh Saud bin Saqr Al Qasimi, Ruler of Ras Al Khaimah and Member of the UAE Supreme Council, has passed legislation to establish the world’s first free zone dedicated to digital and virtual asset enterprises. The Ras Al Khaimah Digital Assets Oasis, established under Law No. 2 of 2023, is an independent governmental entity linked with the newly formed Department of the Future. The new law gives RAK Digital Assets Oasis financial, administrative, and legislative autonomy, allowing it to operate as a purpose-built, innovation-enabling free zone in the virtual assets sector. The Digital Assets Oasis will be the…
Bajaj Auto has upgraded the Pulsar NS series with new hardware and released the 2023 Pulsar NS200 and Pulsar NS160 in India. Two substantial improvements are made to the Pulsar NS160 in 2023. The first change is to the suspension system, with the 2023 Pulsar NS160 getting upside-down front forks instead of the previous motorcycle’s telescopic components. Meanwhile, the rear suspension is handled by a preload-adjustable mono-shock. Additionally, the 2023 model has increased rider assistance, and the motorbike now has dual-channel ABS rather than a single-channel unit like its predecessor. Finally, there is a gear position indication, a distance-to-empty readout, real-time…
Reliance is preparing to invest heavily in the hospitality sector. Reliance’s new company Reliance SOU (RSOUL) is building a chain of hotels and resorts around the Statue of Unity in Kevadia, Gujarat, which has been visited by more than one crore people in four years. Around the Sardar Vallabhbhai Patel statue are hotels, resorts and serviced apartments offering short-term accommodation. The company is also planning to develop accommodation on houseboats. Located on the banks of Narmada River in Kevadia, the Statue of Unity has become a notable tourist attraction. Currently Tata Group’s Indian Hotels Company plans to launch two apartments…
iAngels is a network of active angel investors from various professional and industrial backgrounds who are eager to invest in early-stage, high-potential firms. In 2022, it had funded almost 15 crore in 31 businesses. The startups came from a variety of industries, including health tech and agri-tech. It also onboarded five key partners in the last year, which aided in the growth of iAngels. According to Mona Singh, co-founder of India Accelerator, a significant value proposition for this network is that it’s not simply a match-making exercise since it’s supported by the well-known India Accelerator, and there’s a lot more…
Burj Khalifa Developer enters the Kashmir Infrastructure Market with the ‘Mall of Srinigar’ project In Kashmir, the magnificent bloom of colourful tulips heralds spring, the season of change. But, the changes this year transcend beyond the seasons. After decades of suffering under the plague of terrorism, Jammu and Kashmir is about to see a significant increase in infrastructure spending. A massive project led by Dubai-based Emaar Group was recently revealed. Lieutenant Governor of Jammu and Kashmir Manoj Sinha performed the project’s ‘bhumi pujan’ on Sunday. The ‘Mall of Srinagar’ infra project would see the Dubai-based business enter the Valley. According to…
Tamil Nadu announces Ethanol Blending Policy for 2023 The Tamil Nadu government presented ‘TN Ethanol Blending Policy 2023’ on Saturday, with the goal of increasing farmer income, revitalizing the sugar sector, and attracting investments worth Rs 5000 crore in molasses/grain-based Ethanol manufacturing capacity. The aim of the policy term is “to achieve self-sufficiency and meet the expected ethanol blending requirement of 130 crore litres.” The objective of the policy, unveiled at the Secretariat by Chief Minister M K Stalin, is to promote Tamil Nadu as a green economy and investment centre for alternative, cost-effective, green fuel.” Under the EBP programme, the policy seeks…
The new Verna launched in India on March 21 Today marks the official unveiling of the much-anticipated Hyundai Verna 2023 in India. This would be the midsize sedan’s sixth generation, and it is intended to carry on the great tradition that this brand has developed over the years. The vehicle will compete with the Honda City 2023, Skoda Slavia, Volkswagen Virtus, and Maruti Suzuki Ciaz. It features a distinctive design, numerous functions, and strong specs and is very spacious. On March 21, the new Verna will be released in India. To say the least, the 2023 Verna boasts a striking design. It has a completely redesigned front, back, and sides. The alloy wheels…
A touching video released by Railway Minister Ashwini Vaishnaw proves that a passenger may carry their beloved dog on a train in complete comfort and safety. The tweet depicts a lady travelling in First Class with her favourite dog. The video, which went viral on social media, shows a woman and her pet dog happily napping on a berth. Both the woman and the dog are shown enjoying the classic luxury of a train trip in the quick video. The Minister remarked, retweeting a passenger’s initial post, “Indian Railways at your service 24/7.” After the message, social media users expressed surprise that dogs could travel large distances by rail. People can travel with their pets on Indian Railways. According…
In the wake of Credit Suisse and US Bank collapses, European banks prepare for a possible hit. Concerns about a contagion spreading to the entire European banking industry have been expressed in light of the recent crisis in confidence in Credit Suisse and the bankruptcy of two US banks. According to a Reuters article, at least two significant regional banks are allegedly considering contagion scenarios and watching for stronger support cues from the Federal Reserve and the European Central Bank (ECB). These banks have held internal discussions on when the ECB should intervene to highlight banks’ resilience, particularly their capital…
Coca-Cola reduces the price of 200 ml bottles by Rs 5 as Campa Cola returns Mukesh Ambani, Reliance Industries’ chairman and Asia’s richest man, is constantly growing his firm. He inked an agreement to enter the cola business last year and made a bold debut soon after Holi by announcing the introduction of three varieties of Campa Cola, Reliance’s most recognised brand of the 1970s. Following this, a price war sprang out in the Cola market, and other firms began lowering the cost of their products. Campa Cola : Looking Back Reliance Consumer Products purchased Campa Cola from Pure Drink Group in…