Author: News Desk
Tuhin Kanta Pandey has officially taken over as the Chairman of the Securities and Exchange Board of India (SEBI), succeeding Madhabi Puri Buch. With his vast experience in public administration and financial management, Pandey is poised to bring fresh perspectives and strategic leadership to SEBI. Here’s a look at his journey and what he brings to the table. A Senior IAS Officer Pandey, an officer from the 1987 batch of the Odisha cadre, is a seasoned bureaucrat with years of experience in public administration. His career has been marked by his dedication to governance, making him well-equipped to lead SEBI.…
Aadithyan Rajesh, a young and dynamic entrepreneur from Kerala, has carved out a name for himself in the tech industry, despite his impressive age. Currently based in Dubai, Aadithyan founded Trinet Solutions, a company that specializes in web design and software development, showcasing the power of early passion and entrepreneurial spirit. Early Passion for Technology Aadithyan’s journey into technology began at a very young age. At just five years old, his father introduced him to the BBC Typing website, sparking a passion that would last a lifetime. By nine, Aadithyan had already developed his first mobile app, marking the start…
In an exclusive interview with Channeliam.com, Mio Oka, the Country Director of the Asian Development Bank (ADB), India Resident Mission, shared valuable insights into ADB’s contribution to India’s development and its future plans. Over the years, ADB has emerged as a crucial financial partner for the country, supporting various sectors and playing a key role in India’s growth trajectory. Key Areas of ADB’s Investment in India ADB has consistently committed substantial funds to India’s development. In 2023, the bank provided $2.59 billion in sovereign lending to the country. However, in 2024, this commitment saw a significant increase, rising to $4.24 billion. These…
Ola Electric is once again under scrutiny. The Bengaluru-based electric vehicle (EV) startup frequently finds itself making headlines, often for negative reasons. Recently, reports suggest that the company is planning to lay off over 1,000 payroll employees and contract workers as part of its effort to reduce losses. However, Ola Electric has yet to officially confirm these claims. Layoffs at Ola As reported by Bloomberg, the SoftBank-backed company intends to cut jobs in various departments such as procurement, fulfillment, customer relations, and charging infrastructure. This isn’t the first time Ola Electric has faced mass layoffs. In November, unverified reports indicated…
The Mahakumbh festival in Uttar Pradesh has not only been a spiritual gathering but also a powerful economic booster for the state, significantly contributing to its GST collections and the broader economy. Over the months of January and February, Uttar Pradesh witnessed a remarkable increase in GST revenue, driven by the influx of visitors attending the religious event. The state’s GST collections surged by over ₹1,000 crore during this period, compared to the same months last year, showcasing a double-digit growth that outpaced the national average of 9% in February. GST Growth and State Comparisons During this period, Uttar Pradesh…
Tesla, the global leader in electric vehicles (EVs), is preparing to open its first showroom in India, located in Mumbai’s Bandra Kurla Complex (BKC). According to The Times of India, the company has secured a 4,000-square-foot space on the ground floor of a commercial tower, marking a significant step towards its long-awaited entry into the Indian market. Tesla has been eyeing India for years, but delays in its plans were caused by disagreements over import and manufacturing regulations. However, the recent posting of job openings in India has fueled speculation about the company’s imminent launch. Tesla’s Mumbai Showroom The BKC showroom…
iD Fresh Food, a well-known ready-to-cook food brand, has made a significant move into the ready-to-heat market with the launch of its instant “homestyle sambar.” This launch is part of the company’s broader strategy to expand its breakfast portfolio and offer a comprehensive range of food products to meet evolving consumer demands. The ₹5,000-crore ready-to-heat market is rapidly growing, and iD Fresh Food aims to tap into this expanding segment. Capitalizing on the Ready-to-Heat Food Trend The ready-to-heat food market has seen significant growth, driven by an increasing number of nuclear households and double-income families. Experts predict that this market…
The Mumbai-Ahmedabad Bullet Train project is making notable progress, with significant developments reported as of February 27, 2025. According to the National High-Speed Rail Corporation Limited (NHSRCL), 386 kilometers of pier foundation work has been completed, and 272 kilometers of viaduct has been constructed out of the total 508 kilometers. However, track laying work is yet to begin. Railway Minister Ashwini Vaishnaw visited Ahmedabad on March 1 to assess the project’s progress and expressed satisfaction with the pace of construction. The NHSRCL reported that, in addition to completing the pier foundation for 386 kilometers, 372 kilometers of pier work has…
Earthful, a clean label startup co-founded by sisters Sudha and Veda Gogineni, has achieved remarkable growth, expanding five times over the past year with a steady 15% monthly growth rate. With a strong customer base, around 70-80% of their sales come through their official website, reflecting high customer loyalty. Natural, Science-Backed Products Earthful’s main products include 100% Plant Multivitamins tailored for different age groups, including teens, adults, and the elderly. These multivitamins are crafted using plant sources like curry leaves for iron and amla for Vitamin C. Additionally, the brand offers a six-ingredient Plant Protein powder, available in flavors like…
Datta Phuge, a well-known Indian businessman, became famous in 2013 for his extravagant purchase of a shirt made entirely of gold. Weighing 3.3 kg and costing approximately $250,000, the shirt was crafted with 14,000 pieces of 22-carat gold. Phuge, who proudly wore the title “The Gold Man,” was known for his obsession with gold, adorning himself with countless pieces of jewelry, including gold bracelets, rings, and chains. Born into a humble family in Pimpri-Chinchwad near Pune, Phuge made his fortune in property speculation and later became a money lender. Throughout his success, he continuously indulged in his love for gold.…