Author: News Desk

The tram depot at Al Sufouh and the Dubai Metro depots in Jebel Ali and Al Qusais are getting solar energy panels installed by the Roads and Transport Authority (RTA). The project is reportedly scheduled to be finished by the first quarter of 2024 and will generate 9.959 megawatts of solar energy in total. It is a component of the Dubai Clean Energy Strategy and the Shams Dubai program of the Dubai government. As per available sources, the project will also help the authority achieve its goal of having all public transportation vehicles have net-zero emissions by 2050. The project…

Technological advances in computational power and deep learning have made mass production of fake media easier and less expensive. What are the ways in which AI-manipulated digital media can impact the lives of individuals as well as influence the public discourse? How is it employed by various groups and how can society overcome the ‘infodemic’? According to startup DeepTrace, there were 14,678 deepfake videos on social media at the start of 2020. 96% of them are porn videos. While deepfake videos and fake news using generative AI will be the challenge of the future, even US President Joe Biden is not…

Changpeng Zhao, the CEO of Binance, has resigned and admitted guilt in violating U.S. anti-money laundering laws as part of a monumental $4.3 billion settlement. This resolution, described by prosecutors as one of the largest corporate penalties in U.S. history, signals a significant blow to the cryptocurrency industry. The move comes in the wake of heightened scrutiny, with FTX founder Sam Bankman-Fried recently facing a fraud conviction. Violation Details The extensive investigation revealed that Binance, the world’s largest crypto exchange, had contravened U.S. anti-money laundering and sanctions laws. The exchange neglected to report over 100,000 suspicious transactions involving groups designated…

The Tata Group makes its first offer following an almost two-decade hiatus. Tata Technologies Limited’s IPO debuted on the Indian main market today, and the book build issue is still out for bids till November 24, 2023. The company intends to use a public offering at the highest price range to raise INR 3,042.51 crore. The promoter and investors’ sole offering for sale (OFS) is included in the issue. On November 21, the company raised INR 791 crore from 67 investors via the anchor book. Reportedly, international participants in the anchor book included Goldman Sachs, Government Pension Fund Global, BNP…

Dubai, known for its luxurious dining experiences, welcomes a unique addition to its culinary scene with Quince, an F&B destination that seamlessly blends gastronomy with art and design. Founded by the father-son duo, Amer and Abdulla Al Tamimi, Quince aims to tantalise taste buds while offering patrons the opportunity to take home a piece of the artistic ambiance. Artistic Legacy Infused with Flavors Situated in Umm Suqeim, Quince is not just a restaurant; it’s an extension of the Al Tamimi family’s 30-year artistic legacy in interior design. The menu showcases delectable Mediterranean delicacies, and the décor is a testament to…

We frequently discuss how climate change affects biodiversity, water availability, and agricultural production, but we hardly ever discuss how it might affect alcohol. A few recent studies have brought attention to the negative effects of climate change on alcohol intake. Its negative repercussions are unimaginable, ranging from seasonal sickness to increased drug use. It is very likely that a mental disease and a substance-use disorder will coexist. This often precedes their mental health problems. Climate change, on the other hand, is increasing the number and kind of extreme occurrences, which increases the risk to mental health. Here are some reasons…

Hyundai Motor, a prominent South Korean automaker, has stated that if there is a demand, it will not hesitate to introduce its luxury brand Genesis into the nation and won’t delay if necessary. According to sources, Hyundai has long been considering introducing the Genesis brand to India. Originally introduced under the Hyundai brand, the Genesis brand was sold in countries like China and the USA. But subsequently, the South Korean company chose to establish it as a distinct business. 2015 saw the brand’s initial release. “We intend to introduce the Genesis brand to India; the only question is when. We…

Ola Electric, a key player in the electric vehicle market, is gearing up for a groundbreaking collaboration with ONDC (Open Network for Digital Commerce), signalling a significant move toward sustainable last-mile logistics. In an imminent announcement expected in the coming weeks, Ola Electric is set to deploy its electric scooters across various product categories on the ONDC platform, making it the first company to offer an all-electric logistics service. Strategic Partnership and Operational Impact Sources close to the development reveal that Ola Electric’s collaboration with ONDC will mark a pivotal moment in the company’s journey, positioning it as a major…

Union Finance and Corporate Affairs Minister Nirmala Sitharaman reiterated the government’s commitment to prioritising women entrepreneurs under the flagship Pradhan Mantri Mudra Yojana scheme during a recent event. This scheme, aimed at providing financial assistance, particularly to women, was discussed in the context of the PM SVANidhi Se Samriddhi program, which offers loans to street vendors. The Focus on Women Entrepreneurs: Sitharaman emphasised that women entrepreneurs receive top priority under the Pradhan Mantri Mudra Yojana scheme, designed to empower them through financial support. She highlighted that 60 out of 100 beneficiaries under the scheme are women, reflecting a deliberate effort…

Huddle Global 2023: Nurturing Kerala’s Startup Ecosystem For the past three days, Thiruvananthapuram Adimalathura has been buzzing with entrepreneurial energy as more than 5000 startups, 400 High Net Worth Individuals (HNIs), 300 mentors, and 200 corporates converged for the 5th Huddle Global organized by Kerala Startup Mission. This event has not only showcased the vibrant startup ecosystem in Kerala but has also positioned the state as a fertile ground for innovative ideas and budding enterprises. The Huddle Global event served as a dynamic platform, bringing together a diverse range of startups representing modern fields such as Virtual Reality, Artificial Intelligence,…