Author: News Desk

Renowned Indian menswear fashion retailer, Raymond, has introduced its largest retail space in the country, located in Kerala. The sprawling 22,500 sq. ft. store, situated on MG Road in Kochi, Ernakulam district, promises a transformative shopping experience for men. The Raymond Shop is a premium destination offering a comprehensive array of wardrobe options for men, featuring brands like Raymond Apparel, Raymond Made to Measure, Raymond Ready-to-Wear, Ethnix By Raymond, Park Avenue, ColorPlus, and Parx. The ground level showcases a versatile range of casual wear, encompassing shirts, t-shirts, denims, corduroys, jackets, sweatshirts, and athleisure wear. Brands such as Park Avenue, ColorPlus,…

The recently concluded tenth edition of the Vibrant Gujarat Summit 2024 marked a historic achievement with the signing of memoranda of understanding (MoUs) for a staggering 41,299 projects, totaling an impressive Rs 26.33 lakh crore. This remarkable milestone catapulted Gujarat’s standing by securing MoUs for investments exceeding Rs 45 lakh crore across 98,540 projects. Emerging Sectors Take Centre Stage: A significant portion of the MoUs inked during the summit focused on emerging sectors, signalling a strategic move towards cutting-edge industries. The sectors include semiconductors, e-mobility, green hydrogen, and renewable energy. These forward-looking investments align with the vision to position Gujarat…

A healthcare group based in the UAE is encouraging parents of children in need of free heart surgeries to apply under the “Golden Heart” initiative, celebrating Indian businessman Yusuff Ali’s five decades in the country. Dr. Shamsheer Vayalil, founder and chairman of Burjeel Holdings, and son-in-law of Yusuffali, chairman of Lulu Group International, announced this initiative on New Year’s Day, a day after Yusuff Ali’s 50th anniversary in the UAE. Dr. Shamsheer, married to Dr. Shabeena Yusuffali, Yusuffali’s eldest daughter and vice chairperson of VPS Healthcare, is spearheading the philanthropic effort through his family office in VPS Healthcare. The “Golden…

SentinelOne, a technology firm listed on the NYSE, has announced its acquisition of the Bangalore-based startup PingSafe in a deal reportedly valued at $100 million. In a press statement, PingSafe emphasized that the integration of its Cloud native application protection platform (CNAPP) into SentinelOne’s Singularity Platform represents a significant shift in security paradigms. This collaboration offers companies a unified service with real-time, AI-powered operations for safeguarding entire enterprises, eliminating the need for disparate solutions or standalone Cloud platforms. Ric Smith, Chief Product and Technology Officer at SentinelOne, highlighted the intention to redefine Cloud security through the incorporation of PingSafe. The…

OpenAI CEO Sam Altman recently tied the knot in a private ceremony held at a coastal location in Hawaii. The wedding, attended by close friends, family, and relatives, showcased the nuptials of the tech entrepreneur and Olive Harris, who has a background as a software engineer in Australia. The couple opted for a beachside ceremony, donning white attire, with photos from the event shared on social media platforms. Altman, renowned as a software engineer and the former president of Y Combinator, has been in the public eye for his professional accomplishments. The wedding photos, featuring the couple adorned with flowers,…

Mukesh Ambani, the chairman of Reliance Industries Ltd (RIL), has recently joined the exclusive club of centi-billionaires, a group of global tycoons with a net worth exceeding $100 billion. Ambani’s wealth experienced a notable surge as Reliance Industries Ltd reached new record highs, and other affiliated companies also witnessed significant increases. According to data from the Bloomberg Billionaires Index, Mukesh Ambani saw an addition of $2.76 billion in the previous trading session, bringing his total net worth to $102 billion. Currently holding the 12th position, Ambani is closely trailing Mexican business magnate Carlos Slim, who is only $1 billion ahead.…

The Trans Harbour Sea Link (also known as the Atal Sethu) presented to the country by Prime Minister Narendra Modi in Mumbai is the longest sea bridge in the country. Spanning a length of 22 kilometers, it includes a fully submerged portion of 16.5 kilometers, making it one of the most significant infrastructure projects in Mumbai. This bridge connects Sewri in Mumbai and Nhava Sheva area in Raigad district enhancing the connectivity between Navi Mumbai and Mumbai. The construction of this high-speed corridor plays a crucial role in the development of Navi Mumbai, providing a vital link between Nhava Sheva and Mumbai.…

The oil prices on Friday experienced a more than 2% increase following the United States and Britain conducting strikes against Houthi military targets in Yemen. This action was a retaliation for the Iran-backed group’s attacks on shipping in the Red Sea since late last year. Brent crude futures rose by $1.81, or 2.3%, reaching $79.22 a barrel, while U.S. West Texas Intermediate crude futures increased by $1.80, or 2.5%, trading at $73.82 at 0154 GMT. The U.S. and British strikes signify a significant escalation in the Israel-Hamas conflict in the Middle East since it erupted in October. Witnesses in Yemen…

Tata Consumer Products Limited (TCPL) is set to acquire Organic India, backed by Fabindia, and Capital Foods, renowned for its brand Ching’s Secret, according to sources cited by ET. The formal announcement is anticipated next week. Under the deal, TCPL will secure a controlling stake in Organic India from Fabindia at a valuation of INR 1,800 crore. Simultaneously, it will purchase a 75% stake in Capital Foods from Invus Group and General Atlantic at a valuation of INR 5,100 crore. The remaining 25% stake will initially be retained by former Capital Foods chairman Ajay Gupta, with TCPL planning to acquire…

According to a statement from the firm, Maruti Suzuki India Ltd. would invest over INR 32,000 crore to build an auto facility in Gujarat that will eventually produce about 1 million vehicles annually. It is anticipated that the plant will start up in FY2028–2029. In order to increase the production of electric vehicles, Maruti Suzuki plans to invest an additional INR 3,200 crore to establish a fourth production line at its fully owned subsidiary Suzuki Motor Gujarat Pvt. Ltd. “The investment of INR 3,200 crore will add a new production line which can produce 2.5 lakh (250,000) units per year. It…