Author: News Desk
The Bloomberg Billionaires Index has just arrived. As per the latest report, Elon Musk is the world’s richest person with a net worth of $189 billion. He is followed by Bernard Arnault and Family and Gautam Adani and Family. Let’s have a look at the profiles of the world’s new billionaires. 1. Elon Musk ($189 Bn) Elon Musk, an innovative and controversial figure, is the world’s richest person. For a long time, he has been attempting to revolutionise the world through his firms such as EV maker Tesla and rocket producer SpaceX. While Musk’s net worth is $189 billion, his…
India to emerge as a hub of iPhone manufacturingApple produced smartphones worth $205 billion in the last fiscal yearChina’s contribution to global shipments has gradually gone down by 93.5 per centIn 2021, it was 95.8 per cent and in 2020, it was 98.2 per centApple is considering diversifying production units outside China India is an ideal place for Apple to flourishAnalysts expect that local manufacturing of iPhones would rise in the next few years
When Sanjith Konda House left for Australia to study business administration, he seldom imagined he would drop the course and start his business there. The 22-year-old, who is known for his ‘Dropout Chaiwala’ tea stall in Melbourne, says his parents were initially shocked to know about this. But, Sanjith, a tea lover since childhood, was confident. So, when an opportunity to launch a startup was presented before him, he did not think twice. Sanjith brought about a tea joint in a city that is the world’s coffee capital. His business is located in Melbourne’s busy CBD (Central Business District) area…
Dubai becomes number one in terms of highest spending by international touristsLast year, it earned $29.4 billion in international visitor spendingDubai overtook Doha and London Tourists spent $16.8 billion and $16.1 billion in Doha and London respectivelyThe World Travel and Tourism Council (WTCC) revealed the data in the Cities Economic Impact Report (EIR)The Cities EIR analysed 82 international city destinationsDoha is expected to see a significant increase in international spending in 2022In Europe, Warsaw, and in the US, Orlando might benefit from international travellersThe tourism sector is going to emerge as a key driver of economic growth again
UAE introduces an integrated platform to list out investment opportunities. The Ministry of Economy will supervise the electronic platform. The platform will serve as a guide to investors in UAE. Investors can look for opportunities in targeted sectors. Some of the sectors include financial technology, tourism, manufacturing and renewable energy. The platform will identify the most prominent features of each sector. It will later display the opportunities for investors.
When it comes to quick delivery of medicines, these days, drones serve the purpose. Many companies have either attempted or considered attempting drone services in the past few months. Tata 1mg has made it a reality in Dehradun, Uttarakhand. Drone as a delivery service: Usually, traffic blocks on roads cause delays in delivering medicines on time. The drone service is an ideal option to overcome this. Using drones, medicines can be quickly delivered in remote areas. Tata 1mg also established three integrated pharmacy and diagnostics stores to ensure hassle-free service throughout the city and nearby areas. Tata 1mg has collaborated…
The 5.33 million equity shares that were tendered as part of the open offer will make the Adani Group, a conglomerate of diverse businesses, the single-largest shareholder in the media giant New Delhi Television Limited (NDTV). The Gujarat-based conglomerate would now hold 37.5% of NDTV in addition to the 29.18% interest he previously acquired through Vishvapradhan Commercial Private Limited (VCPL). 8.3% of the entire equity capital of NDTV was represented by the 5.33 million equity shares that were offered in the open offer. The Gautam Adani-led Adani Group’s open offer for a 26% interest in NDTV was not without its…
YouTuber MasterMilo recreated the iconic Mr Bean scene. The show has a sketch where Mr Bean drives a car from a couch. The couch is attached to the roof of the car. MasterMilo created his ‘WipKar’ using household items. Besides the couch, he used paint cans, threads and sticks to make the car MasterMilo’s first attempt was in 2010. However, the car was destroyed in a workshop fire. Milo rebuilt the car in front of a live audience . He was invited to be an exhibitionist at Vakkanjers Live
India opens its first gold ATM at Begumpet, Hyderabad. It is also the world’s first real-time gold ATM.Goldsikka’s ATM dispenses gold coins of different denominations.It ranges from 0.5 gm to 100 gms.Prices will be displayed on the screen.Coins are certified with 999 purity.One can get coins with debit or credit cards.Hyderabad-based Opencube Technologies provided the technology support.Goldsikka plans to establish 30,000 ATMs across India in two years.
After a period of market study, the Reserve Bank of India has finally announced the launch of its first Central Bank Digital Currency (CBDC). The pilot would take place in select locations in a closed user group (CUG). The digital token e-Rupee, which would be issued in the same denominations as paper currency and coins, will be distributed via banks. The pilot will assess the feasibility of the e-Rupee. Further decisions will be taken based on that. SBI, ICICI, Yes Bank and IDFC First bank in Mumbai, New Delhi, Bengaluru, and Bhubaneswar will take part in the first phase. What is the difference between digital…