Author: News Desk
Oman has stopped issuing new import permits for Indian table eggs, severely affecting Namakkal’s poultry industry in Tamil Nadu. This follows Qatar’s recent restrictions on egg weight, which has already caused a major shipment of Indian eggs to be stranded. The Impact on Exports Oman was once responsible for half of India’s egg exports, but since June, exports to the country have drastically reduced. A large shipment of eggs, worth at least Rs 15 crore, is currently stuck due to the restrictions, according to PV Senthil, an egg exporter from Namakkal. Calls for Diplomatic Action DMK MP KRN Rajeshkumar raised…
National Security Advisor Ajit Doval met Chinese Foreign Minister Wang Yi on Wednesday to address the ongoing border issue between China and India. This meeting, part of the 23rd round of the Special Representatives’ talks, marks the first such discussion in five years. Rebuilding Bilateral Relations The two leaders were expected to discuss ways to rebuild diplomatic ties following the October 21 disengagement agreement in eastern Ladakh. This deal focused on disengagement and patrolling arrangements between the two countries. Chinese Readiness for Cooperation The Chinese Foreign Ministry expressed its readiness to work with India in implementing the key agreements reached…
Warmup Ventures, a leading investment firm, has launched its second fund, Warmup Fund II, with a corpus of Rs 300 crore. This fund is a SEBI-registered Category II Alternative Investment Fund (AIF) focused on supporting early-stage startups in the deeptech, climate, and sustainability sectors. Investment Plans and Strategy Warmup Fund II plans to invest Rs 5-7 crore in 25-30 startups across various industries, with provisions for follow-on funding. The goal is to bridge the gap between India’s traditional business heritage and the growing innovation ecosystem, by connecting family offices and second-generation entrepreneurs. Fostering Collaboration Between Traditional and New-age Businesses Warmup…
BJP State president K. Annamalai has accused the DMK-led Tamil Nadu government of failing to stop the illegal dumping of waste from Kerala into the state’s southern districts. In response, he has announced plans to lead a protest march to Kerala in January if the issue is not resolved. Allegations of Negligence Annamalai alleged that Tamil Nadu’s southern districts, including Kanniyakumari, Tirunelveli, and Tenkasi, have become dumping grounds for biomedical, plastic, and poultry waste from Kerala. He criticized the DMK government for not taking adequate steps to address the issue and allowing illegal activities to continue unchecked. He also claimed…
Elon Musk is the driving force behind several groundbreaking companies, each reshaping its respective industry. As CEO of Tesla, the world’s most valuable carmaker, he leads the development of electric vehicles and solar energy solutions. Musk also heads SpaceX, a rocket manufacturing company that partners with NASA for space station resupply missions. Additionally, he owns X, formerly known as Twitter, and oversees ventures such as Neuralink, xAI, and The Boring Company. A Milestone in Wealth On December 11, CNN reported Musk’s net worth surpassed $400 billion, making him the first person to achieve this milestone. His fortune primarily stems from…
Indian cinema has witnessed a dramatic transformation in recent years. No longer is it solely Hindi films dominating the industry. South Indian cinema, especially films from the Tamil, Telugu, Kannada, and Malayalam industries, has gained widespread popularity across the country. Movies like KGF, Baahubali, and RRR have proven that regional cinema can appeal to a pan-India audience, breaking box-office records and expanding the reach of South Indian films globally. Marakkar: Lion of the Arabian Sea – A Game-Changer One of the most notable examples of this shift was the release of Marakkar: Lion of the Arabian Sea, a Malayalam historical…
Taiwanese footwear giant Hong Fu Industrial Group, a key supplier to global brands like Nike, Converse, Adidas, and Puma, marked its entry into India on Monday with the groundbreaking ceremony of its Rs 1,500-crore footwear manufacturing facility at SIPCOT Industrial Park in Panapakkam, located about 85 km from Chennai. A Major Milestone for Hong Fu As the world’s second-largest manufacturer of non-leather athletic footwear, Hong Fu produces approximately 200 million pairs of sports shoes annually, generating $3 billion in revenue. The ceremony, which was attended by Chief Minister M.K. Stalin, marks a significant step in the company’s global expansion. The…
Elon Musk is set to revolutionize Dubai with a cutting-edge science institute, The Musk Institute, funded by a massive AED 3.67 billion ($1 billion) investment. This ambitious project promises to be a hub for the world’s brightest minds, tackling complex scientific challenges like gravity and nuclear fusion. But Musk’s vision goes beyond just innovation—he aims to create a platform to reverse the global brain drain by empowering local talent. A Vision Beyond the Ordinary The Musk Institute will stand as a three-storey, state-of-the-art facility complete with high-tech research labs and living accommodations for students and researchers. However, true to Musk’s…
IRCTC has unveiled an exciting six-night “Dubai Christmas Delight with Abu Dhabi” tour package, departing from Indore on December 24. The package offers an unforgettable Christmas experience, featuring Dubai’s iconic attractions and a glimpse of Abu Dhabi’s cultural landmarks. Itinerary Highlights Day 1 (24 December)The journey begins with a flight from Indore at 4:40 PM, arriving in Dubai by 9:55 PM. Guests will check into the hotel and rest for the night. Day 2 (25 December)Celebrate Christmas with a delightful breakfast followed by shopping. Explore the stunning Miracle Garden in the evening and enjoy a buffet dinner on a Dhow…
India’s 18-year-old chess sensation, D Gukesh, has not only made headlines for becoming the youngest World Chess Champion but also for the staggering tax implications of his victory. While Gukesh’s triumph against China’s Ding Liren has brought him fame and fortune, the Income Tax Department seems to be celebrating too! Prize Money and Tax Deductions After winning the 2024 World Chess Championship in Singapore, Gukesh is set to take home over ₹11 crore from a total prize pool of $2.5 million (approximately ₹20.75 crore). However, a significant portion of this amount will go towards taxes. Earnings Breakdown: Gukesh won three…