Author: News Desk
Rupert Murdoch wants to recombine his media empire. He is exploring options to remerge Fox Corp. and News Corp. He split the media empire in 2013 Both firms have formed special committees to study a potential deal. Both firms have changed drastically since their split. Fox now focuses on broadcasting and cable television. Meanwhile, News Corp has diversified into areas like online real estate services. Murdoch started the media empire with a single newspaper in Australia. The newspaper business collapsed with the advent of the digital age. Uniting the two profiles will broaden Murdoch’s portfolio. Fox’s mcap is about $16.7…
Supermarket chain Lulu Group International plans IPO next year. Lulu is likely to be listed on Abu Dhabi Securities Exchang.e Lulu has hired investment bank Moelis & Co for the IPO process. It is yet to confirm the amount it is planning to raise through IPO. The fund will be used for its expansion plans in existing and new markets. Lulu currently has 239 hypermarkets and supermarkets in 23 countries. It employs more than 60,000 people. Its new markets include Iraq and North Africa.
According to the officials, the Indian Army has opted to purchase electric vehicles (EVs) for a few units and formations in order to support the larger government aim of reducing carbon emissions. The purchase will take place in stages, and it will result in the replacement of 25% of light vehicles, 38% of buses, and 48% of motorcycles in certain army units with EVs. Officials have stated that the Indian Army has included a pathway to incorporate EVs wherever practicable into the strategy after considering operational commitments to considerably reduce dependence on fossil fuels. The use of vehicles by the…
The ‘Entrepreneurial Nation 2.0’ initiative was launched at GITEX GLOBAL 2022 by the UAE Minister of Finance Abdulla Bin Touq Al Marri. Entrepreneurial Nation 2.0 aims to nurture 8,000 SMEs and create 20 unicorn startups by 2031. It aims to work with Saudi Arabia, India, South Korea and Latvia. Entrepreneurs will get more opportunities, enabling the growth of startups and SMEs and business expansion into global arenas. Support worth 20 million dirhams was given to entrepreneurs and start-ups in the first phase. GITEX GLOBAL also served as a platform to open up more opportunities for UAE-Japan space cooperation. Japanese spacetech…
GITEX GLOBAL 2022, the world’s largest tech and start-up event, provides funding opportunities for women entrepreneurs. TiE Dubai Hosts MENA Finals of TiE Women Pitch Competition to Empower Women Entrepreneurs. Online hijab apparel company Ruuq raises $25,000 from e & Capital in TiE Women Pitch competition. More than 200 women entrepreneurs from 15 countries participated in this year’s MENA regional competitions. Playbook, Bahrain’s network platform for women, wins Supernova Challenger Fast Female Founder Award. The Supernova Challenge is the third largest fund in the world with a prize of US$200,000 to finance SMEs.
The Competition Commission of India’s most recent market research includes recommendations for film distribution chains, including the implementation of a box office monitoring system, sharing of promotion costs by multiplexes, and gradually eliminating the virtual print price. On December 6, CCI ordered a market analysis of the Indian film distribution system to find competitive problems that could be fixed by self-corrective actions. Box office monitoring systems should be used to create, record, and retain ticketing logs and reports, according to the antitrust watchdog. According to CCI, no stakeholder should be able to change the data that is gathered by such…
The Office of Naval Research requested that Dr. Lawrence Rome, the creator of HoverGlide, attempt to lessen the heavy weights that Special Operation Forces must carry. His Suspended Load Technology (SLT), a patented invention, provided the answer by enabling the carried load to fluidly rise and fall in relation to the person walking or jogging. A 50 lb load in your backpack exerts 50 lbs of force when you are standing stationary (static weight). This excess force above and beyond the static weight can be decreased by as much as 86% with the movement of SLT. This maintains the load’s…
North Star Dubai, One of the largest startup event is happening alongside GITEX. NASSCOM Pavilion has almost 32 startups from India exhibiting their products. Most of them share their experiences that this is going to be a continuous effort for them. Connecting and networking,new business opportunities etc are the major takeaways for most of the startup founders. Startup Founders exhibiting their products at the NASSCOM Pavilion at GITEX were talking to Channeliam.com founder Nisha Krishnan.
The Department of Electronics, IT, Business, and S&T, Government of Karnataka, is hosting the 25th Bengaluru Tech Summit 2022 (BTS 2022), Asia’s Largest Tech Fest, on November 16–18, 2022, at the renowned Bangalore Palace. The summit’s silver anniversary will be celebrated under the banner of “Tech4NexGen.” The Summit’s opening is most likely to be performed by the Honourable Prime Minister Shri Narendra Modi ji. The Summit will feature participation from world leaders in business, government, research, and start-ups from nations like the United States, Canada, the United Kingdom, Europe, Israel, Australia, Japan, South Korea, Singapore, and the Middle East. BTS…
The charging times for electric vehicles have been reduced by their makers. One disadvantage of EVs is their longer charging times. Overheating of batteries is the biggest barrier to EVs receiving faster charging. However, the National Aeronautics and Space Administration (NASA) thinks that its new space-cooling technology could speed up the five-minute charging of EVs. The Flow Boiling and Condensation Experiment (FBCE), created by NASA scientists last year in an effort to investigate two-phase fluid flow and heat transmission systems. Future NASA missions will need advanced cooling systems, therefore the FCBE assessed the practicality of subcooled flow boiling, one of…