Author: News Desk

To transform India’s beauty industry, Isha Ambani has successfully negotiated a deal worth approximately ₹100 crores, bringing the renowned Italian cosmetic brand Kiko Milano to Indian shores. This strategic acquisition marks a new milestone for Reliance Retail under Isha’s leadership, further intensifying the competition in a rapidly expanding sector. Details of the Acquisition The deal, finalised after several months of negotiations, involves Reliance Retail acquiring Kiko Milano from Italy’s Percassi Group and New Delhi’s DLF Brands Ltd. Established in 1997, Kiko Milano is known for its extensive range of over 1,200 beauty and skincare products. The brand is set to…

ChannelIAM Fact Check has investigated a viral claim circulating on social media that India has purchased 28 islands from the Maldives. This claim, which has been widely shared on Facebook and X (formerly Twitter), is false. Here’s what we found: The Viral Claim The misleading posts allege that India has bought 28 islands from the Maldives for 923 crores. These claims were amplified by a Facebook user named Markandey Pandey, who posted on August 12, asserting that the Indian Foreign Minister Dr. S. Jaishankar’s visit to the Maldives was part of this alleged transaction. The post also claimed that Maldives…

Indian Railways continually enhances passenger comfort by expanding its network and upgrading train facilities. Recently, a new category of train coaches, known as M code, has been introduced. These coaches represent an evolution of the traditional AC-3 tier and offer enhanced amenities for a more comfortable journey. Features of AC-3 Economy Coaches The AC-3 economy coaches, introduced in 2021, incorporate several upgrades over the older AC-3 tier. These enhancements include: Individual AC Ducts: Each seat has its own air conditioning duct. Additional Facilities: Features like bottle stands, reading lights, and charging ports are available at every seat. Increased Seating Capacity:…

The Reserve Bank of India (RBI) has advised banks that engage in trade with the United Arab Emirates (UAE) to settle a portion of their payments directly in rupees and dirhams. Although the RBI has not specified a target for these transactions, it has requested regular reports on the extent of such settlements from the banks, according to five banking sources who wished to remain anonymous due to their non-authorized status. Expanding Trade Settlement Options This initiative marks a step beyond the RBI’s previous encouragement in 2023, which followed Prime Minister Narendra Modi’s visit to the UAE. The move is…

Gautam Adani’s flagship company, Adani Enterprises, is exploring a significant fundraising opportunity. The company aims to raise approximately ₹100 billion to ₹120 billion ($1.2 billion–$1.4 billion) through a share sale. This move comes on the heels of a recent fundraising deal involving Adani Energy Solutions and is part of a broader strategy to enhance the company’s financial standing and market presence. Details of the Share Sale According to sources, Adani Enterprises may pursue this fundraising through a qualified institutional placement (QIP). The company is engaging ICICI Securities, Jefferies Financial Group, and SBI Capital Markets to assist with the share sale,…

Elon Musk, currently the second richest man in the world according to Forbes, is making headlines with his recent real estate transaction. Musk’s former mansion, a grand 16,000-square-foot property in Silicon Valley, was listed for nearly $32 million and has recently gone under contract. The identity of the buyer remains undisclosed, as reported by the Multiple Listing Service. Listing and Price Adjustments Musk first put the mansion on the market in June 2021, following his public declaration on Twitter that he was selling his last house. The property, one of the largest in Silicon Valley, was initially listed at $37.5…

Upasana Taku’s journey began with a Bachelor’s Degree in Industrial Engineering from Punjab Technical University. Her pursuit of excellence led her to Stanford University, where she earned a Master’s in Management Science and Engineering from 2002 to 2004. This strong educational background laid the foundation for her future successes. Professional Experience in the US After completing her education, Upasana embarked on a professional career in the US. She joined HSBC in San Diego as a Business Analyst, working in the product team of their auto finance division. She later moved to PayPal in San Jose, where she served as a Product Manager in…

Gaurav Munjal, the co-founder and CEO of Unacademy, has been making waves in the edtech industry. Here’s a closer look at his journey and the impact of Unacademy: 1. Early Beginnings and YouTube Channel 2. Entrepreneurial Ventures 3. The Birth of Unacademy 4. Impressive Growth and Valuation 5. Commitment to Long-Term Growth Gaurav Munjal’s vision and dedication have transformed Unacademy into one of India’s leading ed-tech platforms, empowering students across the country .

IIT-Madras will introduce a BSc-BEd programme next year, focusing on producing high-quality math teachers. This initiative, revealed by Director V Kamakoti, aligns with the institute’s ongoing efforts to strengthen educational outcomes and retain its leading position in the National Institutional Ranking Framework (NIRF). Goals for the Coming Year In addition to the new BSc-BEd programme, IIT-Madras plans to introduce a BSc degree in mathematics and computing and a BEd degree in collaboration with Tata Institute of Social Sciences (TISS). The goal is to produce around 500 skilled math teachers annually. The institute will also bolster its School of Interdisciplinary Studies,…

Gunther VI, a German Shepherd, holds the title of the world’s richest dog thanks to an incredible inheritance from his predecessor, Gunther III. This fortune originated from Countess Korlotta Liebenstein, a wealthy woman with no children or close relatives, who bequeathed her entire estate to her beloved dog. When Gunther III passed away, the substantial inheritance was transferred to his descendants, with Gunther VI now enjoying the benefits of this remarkable legacy. Managing Gunther VI’s Wealth How does a dog manage such a vast fortune? The answer lies in a board of human trustees who oversee the wealth. These trustees…