Author: News Desk
Indian Railways has scrapped its ₹30,000 crore contract for the production and maintenance of 100 aluminum-bodied Vande Bharat trains. French company Alstom, which secured the contract in June 2023, was set to manufacture these advanced trains, but the agreement has been halted due to a pricing disagreement. Background of the Tender The decision to use aluminum-bodied trains was made to leverage their lighter weight and greater energy efficiency compared to traditional stainless steel models. The first batch of these trains is anticipated to be sleeper variants, scheduled for deployment by early 2025. Bidders and Bidding Process The tender attracted two…
In April 2016, Elon Musk extended an invitation to Indian customers to preorder the upcoming Tesla Model 3. Among the early adopters was Vishal Gondal, who paid a $1,000 deposit for a car that has yet to materialize. Gondal, the CEO of health-tech startup GOQii, was eager about Tesla’s entry into India but faced ongoing uncertainty regarding the launch date and cost. Challenges and Shifting Preferences Over the past eight years, Tesla’s entry into the Indian market has been delayed due to concerns over high taxes and the complexities of establishing local manufacturing. As a result, many Indians, including Gondal,…
Recent social media buzz suggested that Deepika Padukone and Ranveer Singh had welcomed a baby boy, spurred by a viral image of Deepika in a hospital bed with Ranveer holding a newborn. However, ChannelIAM Fact Check has revealed that this photo is fake. The altered image contributed to misleading claims about the couple’s supposed early arrival of their child. The Actual Situation In reality, Deepika Padukone and Ranveer Singh have not yet welcomed their baby. The actress is expected to deliver in September, and the couple is looking forward to their first child. Any reports suggesting otherwise before this date…
Launched on March 1, 2024, the Life Protection Plan (LPP) is a new insurance scheme designed to provide compensation of up to Dh75,000 for families of Indian workers in the UAE in the event of the employee’s death, whether from natural causes or accidents. Coverage and Repatriation The LPP covers death from any cause and includes protection for permanent total or partial disability due to accidents. It also offers repatriation expenses up to Dh12,000 per person. This plan is available for workers aged 18 to 70 years with a UAE employment visa. Benefits and Cost The insurance scheme offers three…
Nathan Anderson, the founder of Hindenburg Research, has been a prominent figure in the financial world, particularly known for his firm’s controversial and impactful investigative reports. Established in New York in 2017, Hindenburg Research has made a name for itself by exposing corporate misconduct, including high-profile cases such as Nikola Corporation and the Adani Group. Nathan Anderson: A Brief Overview Nathan Anderson launched Hindenburg Research with the goal of uncovering financial “disasters” before they impact investors. The firm is renowned for its in-depth fundamental analysis, which identifies issues such as accounting discrepancies, problematic management, undisclosed related-party transactions, and unethical business…
A United Airways plane from Bangladesh has been stranded at Raipur’s Swami Vivekananda Airport for an extended period, to be precise 9 years, following an emergency landing. This unresolved situation has left airport authorities and regulators perplexed, grappling with how to address the ongoing issue. Background of the Emergency Landing On August 7, 2015, a United Airways flight en route from Dhaka to Muscat encountered severe technical issues and was forced to land in Raipur. The aircraft, carrying 173 passengers, experienced a significant engine malfunction that led to a massive explosion. Captain Shahbaz Imtiaz Khan, the pilot, described the harrowing…
St Martin’s Island, spanning just three square kilometers, is located in the northeastern Bay of Bengal, about 9 kilometers south of Bangladesh’s Cox’s Bazar-Teknaf peninsula. With a population of around 3,700, the island’s residents primarily engage in fishing, rice cultivation, coconut farming, and seaweed harvesting, which is exported to Myanmar. Recent Allegations and Reactions The island recently gained attention due to allegations that the Bangladesh Nationalist Party (BNP), led by former Prime Minister Khaleda Zia, had planned to sell it to the United States for a military base in exchange for electoral support. The US State Department has dismissed these…
URBX Pilot and Aviation Academy, located in Ernakulam, is offering exceptional opportunities for those aspiring to work in the aviation sector. The academy provides a range of courses, including pilot coaching, designed to lead students to successful careers in aviation. With a focus on aligning students’ skills and aspirations, URBX ensures they are guided toward their dream jobs with the help of experienced and knowledgeable instructors. Kerala’s First Industry-Integrated Campus URBX stands out as Kerala’s first industry-integrated campus. The new Knowledge Park and Pilot Aviation Academy in Thrikkakara were inaugurated by Minister of Law and Industries, P. Rajeev. The minister…
Volocopter, a startup from Bruchsal, Germany, has successfully conducted a test flight at Saint-Cyr-l’École airfield, marking a significant step for electric vertical take-off and landing (eVTOL) technology. This flight took place at the first customized commercial vertiport for eVTOLs, located about 25 kilometers from Paris. Test Flight Details The test flight, lasting just two minutes, involved a pilot launching the aircraft, performing a brief loop over the surrounding fields, and landing back at the airfield. Although Volocopter had initially planned to use its new Volocity model, the test was conducted with the older 2X model. Challenges and Changes Volocopter had…
Ather Energy is a trailblazer in India’s electric vehicle market, specializing in high-performance electric scooters designed for urban commuting. The company stands out for its focus on integrating advanced technology, sustainable practices, and a premium user experience. Ather’s commitment to innovation and quality has positioned it as a leading player in the electric two-wheeler segment. Founders and Leadership Product Line Ather Energy’s product portfolio reflects its commitment to performance, design, and technology: Innovations and Features Company Milestones Funding and Financial Milestones Ather Energy has successfully raised over $511 million in funding: Revenue FY 2024: Reported a consolidated revenue of Rs…