Author: News Desk
The tale that breaks conventional business wisdom, Moothedath Panjan Ramachandran, the Founder and Chairman Emeritus of Jyothy Laboratories, has carved out an extraordinary success story. From humble beginnings with a mere loan of Rs 5000, Ramachandran transformed his vision into reality, building Jyothy Laboratories into a powerhouse with a market capitalization of approximately Rs 16900 crore. Ramachandran, a native of Thrissur, Kerala, embarked on his entrepreneurial journey after completing his education with a B. Com degree from St. Thomas College. Despite working as an accountant post-graduation, his passion for innovation and entrepreneurship led him to pursue his dream of creating…
Coconuts remain a vital agricultural commodity for many tropical nations, offering diverse uses from culinary applications to industrial products. In 2024, Indonesia, the Philippines, and India lead the global coconut market with substantial production volumes, significantly contributing to their economies and international trade. These countries, along with others like Sri Lanka and Brazil, play a crucial role in the global coconut industry. Based on data from the Food and Agriculture Organization Corporate Statistical Database, the estimated global coconut production in 2022 was 62,409,431 metric tonnes, marking a slight decline of 0.6% from the 62,791,068 tonnes produced in 2021. This minor…
Narendra Modi was sworn in as Prime Minister for an unprecedented third term, matching the record set by India’s first Prime Minister, Jawaharlal Nehru, for three consecutive victories. The steps of the Rashtrapati Bhavan were adorned with honour guards as thousands gathered to witness PM Modi, clad in a white kurta and a blue waistcoat, take the oath of office. Following PM Modi, key BJP figures Rajnath Singh, Amit Shah, and Nitin Gadkari took their oaths promptly. Under PM Modi’s leadership, the new cabinet comprises 30 Cabinet Ministers, 5 Ministers of State with Independent Charge, and 36 Ministers of State.…
As the Indian Railways gears up for innovation, the much-anticipated sleeper version of the Vande Bharat Express is on the horizon. This sleeper variant promises to elevate the overnight train travel experience, surpassing the comforts of the esteemed Rajdhani Express. Let’s delve into the details of this transformative project. Projects in Progress Several projects are underway to introduce the Vande Bharat sleeper variant into the Indian Railways fleet. Collaborations between BEML and ICF Chennai, as well as India’s RVNL and Russia’s TMH through the Kinet SPV, are in motion. Additionally, ICF Chennai and RCF Kapurthala are actively manufacturing these sleeper…
Dubai takes a significant step towards technological advancement as it appoints 22 Chief Artificial Intelligence Officers (CAIOs) across various government bodies. This move, aimed at driving AI adoption, underscores Dubai’s commitment to innovation and efficiency in governance. Leadership Announcement by Sheikh Hamdan The appointment of the CAIOs was announced by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, and Chairman of The Executive Council of Dubai. Sheikh Hamdan emphasised the importance of this initiative in enhancing government operations through AI integration. Vision for AI Advancement Sheikh Hamdan highlighted the forward-looking vision behind the appointments, stating that…
Heads of neighbouring countries received invitations to attend the swearing-in ceremony of the third term of the Narendra Modi government. Among the notable invitees were Sri Lankan President Ranil Wickremesinghe, Bangladesh Prime Minister Sheikh Hasina, Nepal Prime Minister Prachanda, Bhutan Prime Minister Tshering Tobgay, Mauritius Prime Minister, Seychelles Vice President, and other regional leaders. Maldives President Mohamed Muizzu, who had previously congratulated Modi on his victory via Twitter, was also formally invited. Upon the confirmation of Modi’s third term, Muizzu accepted the invitation and arrived in Delhi on Sunday, where Foreign Secretary Pawan Kapoor welcomed him at the airport. In…
Few companies have made as significant an impact as Tesla. Recently, Elon Musk, Tesla’s CEO, took a moment to recognize and appreciate the contributions of Ashok Elluswamy, an Indian-origin engineer who has been instrumental in the company’s advancements in AI and autopilot technologies. Ashok Elluswamy’s journey from Chennai to Silicon Valley is a testament to his dedication and expertise in the field of robotics and software engineering. Born and raised in India, Ashok completed his Bachelor of Engineering in Electronics and Communication from the College of Engineering, Guindy (2005-2009). Eager to expand his knowledge and skills, he then moved to…
Tata Motors, India’s leading automotive manufacturer, has introduced the Altroz Racer, a high-performance version of its premium hatchback. This new model is set to elevate the driving experience with its powerful 1.2 L Turbo petrol engine and race-inspired aesthetics. The Altroz Racer marks a significant upgrade in the Altroz lineup, boasting an impressive power output of 120 Ps at 5500 rpm and torque of 170 Nm ranging from 1750 to 4000 rpm. Equipped with a 6-speed manual gearbox, the Racer is designed for both city maneuverability and exhilarating highway performance. Tata Motors has tailored the Racer to appeal to enthusiasts…
Defying the odds and overcoming a severe accounting scandal, Luckin Coffee has emerged as China’s largest coffee retailer, surpassing even Starbucks. This stunning turnaround comes just four years after revelations of widespread fraud led many to predict the company’s downfall. Once derided as a low-cost imitator of Starbucks, Luckin Coffee is now a powerhouse in China’s competitive coffee market. The company’s resurgence is driven by its budget-friendly lattes, which have become immensely popular among cost-conscious consumers. This remarkable recovery underscores how rapidly evolving local strategies can challenge global giants in China’s dynamic consumer landscape. Luckin’s strategic focus on efficiency and…
Amidst the towering skyscrapers and bustling streets, lies a crucible where dreams are forged through grit, determination, and an unwavering pursuit of greatness. Surprisingly, one of the most profound sources of inspiration for entrepreneurs can be found not in boardrooms or business schools, but in the captivating world of music, as portrayed in Damien Chazelle’s masterpiece, “Whiplash.” “Whiplash” isn’t merely a cinematic narrative about a young drummer’s relentless quest for perfection; it’s a symphony of ambition, sacrifice, and the profound cost of success. Here, entrepreneurs can glean invaluable lessons that resonate deeply with their own journeys: Lesson 1: The Power…