Author: News Desk
The UAE is making strides in urban air mobility with the approval of its first vertiport, DXV, marking a significant step towards the future of transportation. The General Civil Aviation Authority (GCAA) recently gave its approval for the technical design of the facility, making it the first to comply with the newly established UAE Vertiport Regulations. This is a major milestone for air mobility in the country and allows Skyports Infrastructure to begin the development of the facility. DXV: The First of Four Air Taxi Hubs DXV is the first of four planned air taxi hubs under the UAE’s innovative…
The Tamil Nadu government is expanding its IT footprint by establishing a 2 million sq ft AI-focused IT hub in Coimbatore, as part of a Public-Private Partnership, said Chief Minister MK Stalin at the inaugural session of the ‘Umagine TN’ conference held at the Chennai Trade Centre. AI and Emerging Technologies as Focus Areas Tamil Nadu has consistently been at the forefront of promoting the IT sector, with initiatives targeting emerging technologies like AI, blockchain, IoT, and Electric Vehicles. Chief Minister Stalin emphasized the state’s commitment to developing these sectors and fostering entrepreneurship, noting the increase in Global Capability Centres…
Snacking brand Beyond Snack has raised $8.3 million in Series A funding, led by 12 Flags Group, a consumer-focused fund founded by former Reckitt Benckiser CEO Rakesh Kapoor. Other participants include existing investor NAB Ventures, Japanese VC firm Enrission India Capital, and Faad Network. Valuation and Expansion Plans The Kerala-based company, now valued at ₹300 crore, plans to expand its reach significantly. Founder Manas Madhu revealed that Beyond Snack aims to double its offline distribution to 40,000 outlets and enter more cities, particularly in southern India, by fiscal 2026. Growth and Past Investments Having already raised $4 million from investors…
In December 2022, Aravind Srinivas co-founded Perplexity AI, an AI-driven search engine valued at $1 billion. With a background in machine learning and deep learning, Srinivas’s journey to founding Perplexity was shaped by his experiences at prestigious institutions like IIT Madras and UC Berkeley, as well as key internships at OpenAI and DeepMind. The Spark of Innovation Born and raised in Chennai, India, Srinivas’s early fascination with algorithms led him to pursue a Ph.D. at UC Berkeley. His time at OpenAI, where he honed his skills, provided the foundation for his future endeavors. A pivotal moment during his internship in…
Vidhi Shanghvi, along with her brother Aalok Shanghvi, is set to inherit the ₹4.35 lakh crore healthcare empire built by their father, Dilip Shanghvi, founder of Sun Pharmaceutical Industries. The company, one of the largest in the global pharmaceutical industry, has made a significant mark worldwide. Education and Career Path Vidhi is an Economics graduate from the prestigious Wharton School at the University of Pennsylvania, equipping her with the skills to understand the complexities of the healthcare sector. She currently serves as Vice President at Sun Pharmaceutical Industries, where she began her career in the marketing department of the India…
The wealth landscape of Asia has always captured global attention. With individuals leading industries across the continent, here’s a look at the wealthiest people in Asia in 2025, based on the Forbes real-time billionaires list. Top 10 Wealthiest in Asia 1. Mukesh Ambani (India) Net Worth: $97.2 billion Mukesh Ambani, chairman of Reliance Industries, tops the list. His ventures span telecom, media, and energy, with Reliance Jio boasting nearly 476 million subscribers. The recent launch of Jio Financial Services highlights his innovative approach to expanding his empire. 2. Gautam Adani (India) Net Worth: $59.6 billion Heading the Adani Group, Gautam…
Frido, the direct-to-consumer (D2C) arm of Arcatron Mobility, is on track to become a Rs 200-crore brand, with ambitious plans for growth and a deeper market presence. The company has recently launched a new manufacturing facility in Talegaon, Pune, to scale its production capacity and expand its product offerings. Frido, known for its innovative mobility solutions and orthopedic products, has already ventured into the UAE and is planning to enter the US market soon. Founded by Ganesh Sonawane and Arif Minaj Khan, Arcatron initially focused on mobility aids, such as electric and manual wheelchairs and commode chairs. Over time, the…
India’s edtech sector, which flourished during the pandemic, is now grappling with a significant downturn. According to exclusive data from Traxcn shared with Business Standard, 2,148 edtech startups have shut down their operations over the past five years, highlighting the struggles of the once-booming industry. Rise and Fall of Edtech During the pandemic-induced lockdown, edtech platforms witnessed an unprecedented surge in demand. With schools closed, students and professionals turned to online platforms for learning and upskilling, propelling the sector to new heights. However, as the pandemic ended and physical classrooms reopened, the sector began facing challenges. A funding slowdown, changing…
Dubai-based real estate giant Sobha Realty has announced a special Dh150 million bonus program for its employees, recognizing their dedication and contributions. This marks the second consecutive year that the company has rewarded its team members with million-dirham bonuses, reaffirming its commitment to employee appreciation. Dh150 Million Bonus for Employees In a statement released by Sobha Realty, the company highlighted that the bonus is a gesture of gratitude for the unwavering efforts of its employees. The bonus program, which applies to employees not already covered by other incentive programs, spans multiple departments within the company. Acknowledging Employee Contributions Ravi Menon,…
Elon Musk recently reignited discussions about global population decline with a retweet of Tesla Owners Silicon Valley’s post on X (formerly Twitter). The post featured a graph projecting population changes from 2018 to 2100 for major nations and included the caption: “Population collapse is humanity’s greatest threat… Elon Musk.” Musk responded with a simple “Yes,” emphasizing his ongoing concern. Projected Global TrendsBy 2100, stark population declines are anticipated: Musk’s endorsement of these figures highlights his belief that demographic shifts represent a significant threat to humanity. Key Drivers of DeclineExperts identify several causes behind population decline: Global fertility rates have declined…