Author: News Desk

The Mahindra XUV 3XO has witnessed impressive sales growth since its debut, establishing itself as a popular choice among compact SUV buyers. Here’s a closer look at its performance and features. Strong Sales Growth Post-Launch Since its launch in May 2024, the Mahindra XUV 3XO has consistently performed well in the market. In its debut month, it sold an impressive 10,000 units. By August 2024, sales hit 9,000 units, nearly double the 4,992 units sold during the same month in 2023. This represents an 80% year-on-year (YoY) growth. Despite this YoY growth, the month-on-month (MoM) sales from July 2024 saw…

Tech billionaire Larry Ellison saw his wealth soar as shares of Oracle hit a record high, catapulting him to the third spot on Forbes’ billionaires list. The Oracle co-founder’s fortune increased by a staggering $18 billion in one day. Oracle Stock Hits New Heights Ellison’s net worth rose from $173.3 billion to $191.7 billion, surpassing Mark Zuckerberg and Bernard Arnault. Ellison now trails only Elon Musk and Jeff Bezos on the list of the world’s richest people. Oracle’s stock surged by 14.7%, reaching a new all-time high of $160.50 per share, breaking the previous record set in July. Earnings Report Drives Growth The stock rally…

The Ministry of Road Transport and Highways has implemented a significant change to toll regulations, benefiting private vehicle owners. Under the new National Highways Fee (Determination of Rates and Collection) Amendment Rules, 2024, vehicles equipped with the Global Navigation Satellite System (GNSS) will now benefit from a revised toll policy. Free Travel for Short Distances According to the amendment, private vehicle owners will not be charged for travelling up to 20 kilometres on highways or expressways per day if their vehicles are equipped with GNSS. For distances exceeding this limit, toll fees will be calculated based on the actual distance…

The Sultanate of Oman has announced a free 10-day visit visa for passengers and crew members of cruise ships entering the country. This initiative is expected to attract more visitors and boost the tourism sector. New Regulations for Cruise Passengers The new regulations were outlined in Decision No. 132/2024, issued by Lieutenant General Hassan bin Mohsen Al Shuraiqi, Inspector General of Police and Customs. The decision amends certain parts of the Executive Regulations of the Foreigners’ Residence Law. Under these changes, cruise ship passengers and crew members can receive a 10-day visa for tourism purposes. The visa is issued upon the request of the tourist ship agent, with entry…

Air India Express, a budget airline under the Tata Group, unveiled an enticing ‘Flash Sale’ offering fare discounts as low as ₹932. This promotion is open for bookings until September 16, 2024, and is valid for travel up to March 31, 2025. Sale Highlights and Routes The sale features base fares starting at ₹932. Additionally, Xpress Value fares begin at ₹1,088 on several routes, including Delhi-Gwalior, Guwahati-Agartala, Bengaluru-Chennai, and Kochi-Bengaluru, among others. Exclusive Offers on AirIndiaExpress.com Travellers who book through airindiaexpress.com can benefit from exclusive Xpress Lite fares, which include zero fees for check-in baggage. These fares also permit the pre-booking of an extra 3 kg of cabin…

Gautam Adani, with a net worth of ₹7,04,196 crore, is currently the second richest person in India. He leads the Adani Group, which includes a diverse range of business interests. Adani’s real-time net worth stands at ₹7,14,460 crore (USD 85.5 billion) according to Forbes. His primary company, Adani Enterprises, has a market capitalization of ₹3.64 lakh crore. Upcoming Investments and Strategic Expansion Under Gautam Adani’s leadership, the Adani Group is planning a significant investment of ₹24,973 crore to enhance its port operations. The company is also focusing on the strategic trade route between Europe and India, aiming to bolster its…

The Indian Navy has announced the recruitment for Sailor positions in the SSR Medical Assistant 02/2024 batch. Registration began on September 7, 2024, and will continue until September 17, 2024. The recruitment drive aims to fill Sailor roles in the Medical Branch, with basic training scheduled to start in November 2024. Eligibility Criteria To be eligible for the SSR Medical Assistant posts, candidates must meet the following requirements: Selection Process The selection for the SSR Medical Assistant 02/2024 batch will occur in two stages: How to Apply Application Fee The application fee is ₹60 plus GST, payable online. Basic training for the selected candidates will commence…

Vivek Chaand Sehgal, born into a family of jewellers, is now Australia’s richest Indian. His entrepreneurial journey began at the young age of 18, and over the years, he transitioned his family business from jewellery to the automotive sector, leading to the establishment of a global business empire. From humble beginnings to heading a Rs 1 lakh crore company, Sehgal’s story is an inspiring example of determination and business acumen. From Humble Beginnings to Billionaire Status Vivek Chaand Sehgal currently holds a net worth of $7.7 billion (approximately Rs 64,652 crore), according to Forbes. He is the Chairman of Motherson…

The C295 program, a collaborative effort between Airbus and Tata Advanced Systems Limited (TASL), marks a significant achievement for India’s aerospace sector. Under this partnership, Airbus will deliver the first 16 aircraft in a “fly-away” condition from its assembly line in Seville, Spain. The remaining 40 C295s will be manufactured and assembled in India, showcasing the country’s expanding capabilities in aerospace production. Upcoming Operational Timeline A new factory in Vadodara, Gujarat, is on track to become operational by late November or early December. Construction of the facility, which began in October 2022, will enable TASL to produce up to eight…

Pixxel, a Bengaluru-based startup specialising in hyperspectral earth-imaging technology, has clinched a landmark deal with NASA. This contract, part of NASA’s $476-million commercial smallsat data acquisition program, marks the first major deal by an Indian startup since the space sector opened to private companies in 2020. Contract Details and Duration The agreement extends through November 2028. Pixxel will supply NASA, along with US government and academic partners, with hyperspectral earth observation data. This will enhance NASA’s earth science research and application activities. Impact of Hyperspectral Data Pixxel’s technology, capable of capturing data across numerous narrow wavelengths, will provide detailed insights…