Author: News Desk
Mukesh Ambani, the chairman of Reliance Industries, emerged as India’s highest taxpayer for the fiscal year 2023. Under his leadership, Reliance Industries contributed over ₹20,713 crore in taxes to the government, solidifying its position as a major player in the Indian economy. The company’s substantial tax payments underscore its pivotal role in the business landscape. Top Taxpayers in the Banking Sector Following Reliance Industries, the State Bank of India (SBI) and HDFC Bank are the second and third largest taxpayers in India. SBI, with Atanu Chakraborty serving as its independent director and part-time chairman, paid ₹17,649 crore in income tax last fiscal year. HDFC Bank, another key financial institution, contributed…
Tata Group has announced a significant employment opportunity for women from Uttarakhand. According to a recent official release, the company plans to hire 4,000 women for its plants in Tamil Nadu and Karnataka. Ranjan Bandopadhyay, the Chief Human Resource Officer at Tata Group, communicated this decision through a letter to the state planning department. Recruitment Details The recruitment process is set to commence soon. Tata Electronics Pvt Ltd will be responsible for appointing these women under the NPS and NATS programmes. The selected candidates will be based at Tata’s facilities in Hosur, Tamil Nadu, and Kolar, Karnataka. Eligibility and Roles…
Rail Force One is far from an ordinary train, it’s a true blend of luxury and safety, crafted to meet the needs of the world’s most important leaders. Inside, you’ll find wood-panelled cabins that have been carefully designed to offer the perfect balance of work and relaxation. Each cabin is equipped with a spacious table, ideal for important meetings, a comfortable sofa for unwinding, and a wall-mounted TV for entertainment. The sleeping quarters are equally comfortable, ensuring that passengers can rest peacefully during their journey. Ukraine’s Shift from Electric to Diesel Locomotives Due to the severe damage caused to Ukraine’s…
Pavel Durov, the founder and CEO of Telegram, is a prominent figure in the tech world known for his significant contributions to social networking and messaging. Here’s a closer look at his life, achievements, and background. Pavel Durov: A Tech Visionary Pavel Durov first gained recognition with the creation of VKontakte (VK), often referred to as the “Russian Facebook.” VK became Russia’s largest social networking site, establishing Durov as a key player in the tech industry. After leaving VKontakte, he founded Telegram, a messaging app that has grown rapidly and now has hundreds of millions of users globally. Durov’s ventures…
The Reserve Bank of India (RBI) has launched a new platform, the Unified Lending Interface (ULI), designed to simplify and expedite the process of securing loans, especially for rural and small-scale borrowers. This initiative aims to address the delays and challenges often faced by these groups in obtaining financial assistance. Enhancing Loan Processing RBI Governor Shaktikanta Das announced the ULI, emphasising that it will help meet the significant and currently unmet demand for credit in key sectors like agriculture and micro, small, and medium enterprises (MSMEs). “ULI will streamline the flow of digital information, such as land records from various…
Dubai Municipality has announced the completion of the second phase of the ambitious “Dubai Horizons” project, marking a significant advancement in integrating drone delivery systems into the city’s infrastructure. Innovative 3D GIS Integration The project incorporates 3D Geographic Information Systems (GIS) to manage low-altitude airspace within building regulations. This technology provides a three-dimensional mapping system that includes depth, allowing for precise urban planning. 3D GIS will be utilized to design vertical airport sites, essentially transforming traditional airport layouts into vertical configurations. Dubai will implement mini vertical airports and runways to support drone deliveries and other air-based services. Strengthening Dubai’s Economy…
Several Indian power companies supplying electricity to Bangladesh are facing substantial overdue payments, totaling over $1 billion. The major amounts owed and the status of these debts are outlined below. Outstanding Payments Breakdown Current Supply Status Despite these significant outstanding amounts, the companies have continued to supply power without interruption, demonstrating the strong bilateral ties between India and Bangladesh. However, ongoing supply is threatened by the unresolved payment issues. Challenges and Future Outlook An executive from one of the companies indicated that while supplies have continued, there is an urgent need for resolution. The companies face mounting pressures from stakeholders,…
Baazar Style Retail Ltd, a value fashion retailer, is set to launch its Initial Public Offering (IPO) on August 30, aiming to raise Rs 835 crore. The company, backed by billionaire investor Rekha Jhunjhunwala, is poised for a significant expansion with this move. IPO Details and Price Band The IPO will include a fresh issue of equity shares worth Rs 148 crore and an Offer for Sale (OFS) of up to 1.76 crore shares, valued at Rs 687 crore at the upper end of the price band. Baazar Style Retail has set a price band of Rs 370-389 per share.…
In today’s digital age, misinformation can spread rapidly, leading to widespread confusion and false narratives. A recent example of this is a photo circulating online that claims Congress leader Rahul Gandhi married a woman in the image and that the children with them are their offspring. To clarify the truth behind this claim, Channeliam Fact Check has investigated the viral photo and the associated allegations. Claim: Rahul Gandhi’s Alleged Marriage and Children The viral image in question shows Rahul Gandhi standing alongside a woman and three children, accompanied by a claim that he married the woman and that the children…
Michelle Poonawalla, wife of industrialist Yohan Poonawalla, has recently made headlines with her acquisition of a stunning mansion in Mumbai’s Cuffe Parade, valued at an astounding ₹500 crore. This opulent residence now stands as the Poonawallas’ second home, setting the stage for their latest chapter in the city’s high-profile social scene. New Neighbours to the Ambanis The lavish property, spanning 30,000 square feet, is situated in the same upscale neighbourhood where Anil Ambani’s former home, ‘Sea Wind,’ is located. As Anil Ambani continues to reside in his Pali Hill residence, the Poonawallas’ new mansion brings fresh buzz to Cuffe Parade,…