Author: News Desk
Dubai, Abu Dhabi, and Riyadh are set to become world hotspots for the super-rich, according to Henley & Partners’ Centi-Millionaire Report 2024, which said that all these cities are in for explosive growth of their centi-millionaires, their residents with investable assets worth more than $100 million, over the next 16 years. The Gulf cities are going to more than double their centi-millionaire populations, growing by more than 150% by 2040. Dubai Leads the GCC Cities Dubai has emerged as one of the top 50 cities in the Henley index for centi-millionaires, holding the tag of 212 centi-millionaires, while Abu Dhabi…
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved a major AED10 billion expansion for the Dubai Exhibition Centre (DEC) at Expo City Dubai. Once completed, the DEC will become the largest indoor events and exhibitions venue in the region. This development is a key part of the Dubai 2040 Urban Master Plan and aims to position Expo City Dubai as a leading hub for global exhibitions and events. Sheikh Mohammed stated that the new venue will set global standards for the events industry, helping boost Dubai’s…
myTVS, a digital automotive aftermarket platform has launched a Mobility-as-a-Service platform specifically designed for the last-mile delivery space for electric vehicle operators. This new service offers holistic vehicle management solutions aimed at simplifying operations for logistics operators. myTVS ties up with MoEVing As a step further in developing its MaaS platform, myTVS has tied up with MoEVing, a logistics firm headquartered in Gurgaon, which provides services based on EVs to manage fleet operations, through an integrated management service. The integration of such services aims at increasing efficiency and sustainability in logistics. Investment Plans and Fleet As part of its forays…
At the United Nations Summit of the Future, Alphabet and Google CEO Sundar Pichai announced a $120 million ‘Global AI Opportunity Fund’. The fund aims at making AI learning and training accessible to communities around the world by partnering with nonprofits and NGOs to offer courses in local languages. World Leaders converge for UNGA The announcement was made during the 79th United Nations General Assembly (UNGA) in New York. Leaders from across the globe, including Pichai, participated in the event. The experience of growing up with new innovations such as computers in Chennai, India, was great for changing Pichai’s life.…
Sebi (Securities and Exchange Board of India) has imposed a penalty of Rs 1 crore on Anmol Ambani, son of industrialist Anil Ambani, for not doing the proper diligence on the corporate loan approvals of Reliance Home Finance case. It has also slapped a penalty of Rs 15 lakh on Krishnan Gopalakrishnan, Chief Risk Officer of Reliance Housing Finance, for his role in the case. Both have been directed to pay the amounts within 45 days, ruled Sebi. This is after Sebi had already banned Anil Ambani and 24 others for five years from the securities market for allegedly misusing…
Osaka University has announced their schedule to open registration for MEXT-funded Master’s and PhD courses from October 1, 2025, in Robotics Engineering and Bioengineering. One can apply for these programmes from November 1 to November 15, 2024. This scholarship program provides the availability of first-class learning in the latest up-to-date state-of-the-art fields for international students. Eligibility Benefits The winners will receive the following advantages: Master’s students: ¥147000 Doctoral students: ¥148000. The scholarship covers the number of years it would take to complete the programs under consideration, based on the case where the students are repeating a year they do not…
India is home to a rich history of entrepreneurship, with businesses that have not only survived but thrived for centuries. Here’s a look at five of the oldest companies in India that continue to operate successfully today. 1. Wadia Group (Established in 1736) Founded by Lovji Nusserwanjee Wadia, the Wadia Group is India’s oldest conglomerate. The group began by building ships and docks for the British East India Company. Over the years, it expanded into various industries, including textiles with Bombay Dyeing, aviation, and healthcare. The group remains influential, with significant contributions to India’s industrial landscape. 2. EID-Parry Ltd (Established…
The long-awaited Shinkansen E5 bullet train, destined for the Mumbai-Ahmedabad High-Speed Rail Corridor, is arriving from Japan at least within two years. The train will travel at 320 kmph speeds and hugely enhance efficiency in intercity travel. Indian Railways is finetuning final talks with the Japanese counterpart on terms of manufacturing as well as delivery. Train Orders and Speed Capabilities Railway officials have put in the order for the orders of Shinkansen E5 trains by this end. Though the operational speed of these trains is 350 kmph, the officials have decided to run it at 320 kmph on the route…
Tale of Two Brides, Directed by Kiran Rao and Produced by Aamir Khan The Film Federation of India, on Monday announced the official contender from India to compete at the Oscars 2025: Kiran Rao’s film Laapataa Ladies. This Hindi film, that approached patriarchy in a light manner, has been picked from a competitive pool of 29 films that included popular titles like Animal,” the National Award-winning “Aattam,” and Cannes winner “All We Imagine As Light.” Selection Process A 13-member committee, constituted by Assamese director Jahnu Barua, unanimously chose “Laapataa Ladies” as India’s contender in the Best International Film category of…
In the United Arab Emirates, a labour card needs to be attained first in order to enter the workforce. The labour card is an essential piece of paper issued by the free zone where you are employed or the Ministry of Human Resources and Emiratisation, or MoHRE. It is a proof of your employment as well as an extremely important identification tool that shows your position, employing company, and work permit expiration date. No Labour Card, No legitimate employment in the UAE is allowed. Importance of the Labour Cards Labour cards are important for anyone, be it the emirate’s resident…