Author: News Desk

Bengaluru has unveiled South India’s inaugural underground air-conditioned market, named ‘Palike Bazaar,’ marking a significant urban development milestone. The market was inaugurated by Chief Minister Siddaramaiah and Vijayanagar MLA M Krishnappa, highlighting the region’s push towards modern infrastructure. Project Overview The ‘Palike Bazaar’ is situated adjacent to the Vijayanagar metro station and bus stand, covering a total area of 1,365 square metres. Modelled after New Delhi’s renowned Palika Bazaar, this Rs 13-crore project boasts a total of 79 shops. The market features central air-conditioning, with 31 shops having individual air-conditioning units, enhancing comfort for both vendors and shoppers. Development and…

Maharashtra has become the first state to implement the Unified Pension Scheme (UPS) for its employees, following advocacy from central government employee organisations. This decision comes just 24 hours after the Union Cabinet approved the scheme. The UPS ensures that state government employees will receive a pension equivalent to 50% of their average salary over the last 12 months, with adjustments for inflation and additional benefits. The scheme is set to take effect from March this year. Expansion of Development Initiatives In addition to the UPS, the Maharashtra Cabinet has approved a range of significant initiatives: 1. Uninterrupted Power Supply…

Lakshmi Mittal, the steel magnate and Chairman of ArcelorMittal, has set a new benchmark in luxury with his $125 million yacht, the Amevi. This opulent vessel, valued at approximately Rs 1,037 crore, is not just a showcase of wealth but a symbol of Mittal’s exquisite taste and success. The Amevi stands as a testament to Mittal’s status among the elite, eclipsing even the most renowned names in the luxury yacht industry. Mittal’s Remarkable Wealth With an impressive net worth of approximately $14.8 billion (Rs 124,215 crore), Lakshmi Mittal commands significant respect for both his financial success and his refined taste in luxury. As Chairman of ArcelorMittal, the world’s second-largest…

When considering investments, many of us look for options with guaranteed returns and minimal market risk. One such option is the Post Office Time Deposit (TD) Scheme. This scheme offers fixed interest rates across various tenures, and with careful planning, it can significantly increase your initial investment. Understanding the Fixed Deposit Interest Rates The Post Office FD Scheme provides different interest rates based on the investment period: For those looking to maximize returns, the 5-year FD is particularly attractive due to its higher interest rate. How to Maximize Your Investment To effectively double your investment, you need to invest in…

Meher Pudumjee is a prominent name in India’s engineering landscape, currently serving as the chairperson of Thermax Ltd. This Indian multinational engineering conglomerate specializes in clean air, clean energy, and clean water solutions and is headquartered in Pune. With over 20 years of leadership, Meher has guided the company, valued at Rs 63,307 crore, through significant growth and innovation. A Legacy of Leadership Meher is the daughter of Anu Aga, the former chairperson of Thermax and India’s richest woman in the construction and engineering sector, with a net worth of Rs 41,730 crore, according to Forbes. Anu stepped down in…

To mimic the efficiency and adaptability of snails, researchers at The Chinese University of Hong Kong have developed groundbreaking robotic technology. These “robo-snails” are not only capable of independent operation but can also collaborate in swarms to achieve complex tasks previously deemed challenging. Swarm Robotics: A New Frontier The concept of swarm robotics involves utilising multiple small robots that can operate independently or collaboratively. These robots communicate with each other to coordinate movements, allowing them to perform tasks like search and rescue in disaster zones or exploration in hazardous environments. The Evolution of Robotic Mobility Unlike aerial and underwater robots that can move in three dimensions by joining together, terrestrial robots have been limited to two-dimensional formations due…

Balvant Parekh, also known as Balvantray Kalyanji Parekh, is celebrated as ‘The Fevicol Man of India’ for founding Pidilite Industries, the billion-dollar company behind the iconic adhesive Fevicol. Parekh’s journey from a law graduate and freedom fighter to a successful entrepreneur is an inspiring tale of perseverance and innovation in post-independence India. Born in Mahuva, Gujarat, Parekh was deeply involved in the struggle for India’s independence, participating in the Quit India movement. Despite his passion for the cause, family pressure led him to study law. Parekh cleared the Bar Council Exam and earned a law degree, but his true calling…

When we think of a village, images of muddy roads, clay houses, and simple agricultural life often come to mind. However, a village in Gujarat’s Bhuj is changing this perception entirely. Madhapur, dubbed as Asia’s richest village, defies the typical rural stereotype and stands as a beacon of prosperity. A Wealthy Village in Gujarat Located on the outskirts of Bhuj in Gujarat, Madhapur is home to around 32,000 people. What sets this village apart is its astonishing wealth, with residents holding fixed deposits worth a staggering ₹7,000 crore. The village’s prosperity is largely due to its significant non-resident Indian (NRI)…

Devita Saraf, the dynamic chairperson and CEO of Vu Group, began her entrepreneurial journey at the age of 24 when she founded Vu Group. Today, Vu Televisions is a globally renowned Indian-owned TV brand, boasting a staggering revenue of ₹1,000 crore and over 3 million units sold. In 2020, the Hurun Report recognized Devita Saraf as the wealthiest self-made woman in India under 40. She was also featured among Fortune’s Top 50 Most Powerful Women in India and dubbed “India’s Model CEO” by Forbes. Born into a business-oriented family in Mumbai, Devita Saraf graduated from the University of Southern California. She is the daughter of Rajkumar Saraf, the…

Cristiano Ronaldo has solidified his status as the most popular sportsperson of all time with his recent YouTube debut. The football superstar, who is also the highest-paid athlete globally, launched his YouTube channel ‘UR Cristiano’ and achieved a remarkable milestone by amassing over 3.8 crore subscribers within just 2 days. This achievement underscores Ronaldo’s unparalleled global influence and his dominance across various social media platforms, including Instagram, X, and Facebook. A New Revenue Stream for the Football Icon With his new YouTube channel, Ronaldo has opened a new avenue for substantial earnings. YouTube creators typically earn between $2 to $12…