Author: News Desk

Vivek Chaand Sehgal, born into a family of jewellers, is now Australia’s richest Indian. His entrepreneurial journey began at the young age of 18, and over the years, he transitioned his family business from jewellery to the automotive sector, leading to the establishment of a global business empire. From humble beginnings to heading a Rs 1 lakh crore company, Sehgal’s story is an inspiring example of determination and business acumen. From Humble Beginnings to Billionaire Status Vivek Chaand Sehgal currently holds a net worth of $7.7 billion (approximately Rs 64,652 crore), according to Forbes. He is the Chairman of Motherson…

The C295 program, a collaborative effort between Airbus and Tata Advanced Systems Limited (TASL), marks a significant achievement for India’s aerospace sector. Under this partnership, Airbus will deliver the first 16 aircraft in a “fly-away” condition from its assembly line in Seville, Spain. The remaining 40 C295s will be manufactured and assembled in India, showcasing the country’s expanding capabilities in aerospace production. Upcoming Operational Timeline A new factory in Vadodara, Gujarat, is on track to become operational by late November or early December. Construction of the facility, which began in October 2022, will enable TASL to produce up to eight…

Pixxel, a Bengaluru-based startup specialising in hyperspectral earth-imaging technology, has clinched a landmark deal with NASA. This contract, part of NASA’s $476-million commercial smallsat data acquisition program, marks the first major deal by an Indian startup since the space sector opened to private companies in 2020. Contract Details and Duration The agreement extends through November 2028. Pixxel will supply NASA, along with US government and academic partners, with hyperspectral earth observation data. This will enhance NASA’s earth science research and application activities. Impact of Hyperspectral Data Pixxel’s technology, capable of capturing data across numerous narrow wavelengths, will provide detailed insights…

K9 JETS, a pay-per-seat charter service designed specifically for pets, is expanding its network by introducing new routes from Dubai to Geneva and Milan. This expansion allows pet owners to travel directly from Dubai to Switzerland and Italy with their animals. Exciting Expansion Details The inaugural flights to Geneva are scheduled for March 29 and June 29, 2025, while service to Milan will begin on May 30, 2025. Since its launch in 2023, K9 JETS has already transported nearly 2,000 pets across the Middle East, Europe, the UK, and the US. Exclusive Pet Travel Experience The service, priced at $9,925…

India has introduced its largest wind energy project, which will supply power to 3 million households. This major step forward in clean energy was reported by Asian News International (ANI) on Monday. Partnership and Project Details The project is led by NTPC Green Energy Limited (NGEL), a government-owned company, and is being developed in partnership with the Suzlon Group. It involves installing 370 wind turbine generators (WTGs), each with a capacity of 3.15 megawatts (MW). These turbines will be placed at three different sites in Gujarat, a state in western India. Significance and Impact This is the first large-scale wind…

Hinduja Group’s IndusInd International Holdings Ltd (IIHL) has submitted offer documents to raise ₹3,000 crore through non-convertible debentures (NCDs), as reported by PTI. This move is part of IIHL’s strategy to fund its acquisition of Anil Ambani’s distressed Reliance Capital (RCAP). NCD Offer Details IIHL has filed the NCD offer document with the Bombay Stock Exchange (BSE). The NCD, with a tenure of 3.5 years, is anticipated to open for subscription early next week. The funds raised from this issuance will be used to partially finance the acquisition of RCAP. The remaining amount needed for the ₹4,300 crore deal is…

During the official visit of Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan to New Delhi on September 9-10, India and the UAE signed several important agreements to enhance their Comprehensive Strategic Partnership. Among the most notable was a long-term liquefied natural gas (LNG) supply agreement between Abu Dhabi National Oil Company (ADNOC) and Indian Oil Corporation Limited (IOCL). This deal involves the supply of 1 million metric tonnes per annum (MMTPA) of LNG, marking the third such agreement in just over a year. Previous deals with IOCL and GAIL for 1.2 MMTPA and 0.5 MMTPA,…

The iPhone 16 series, produced in India, is set to be available worldwide within the first few days of its global launch. This marks a notable shift in Apple’s production and distribution strategy. Upcoming Launch and Global Availability Apple is set to unveil the iPhone 16 series on Monday, with global sales expected to commence within 10 to 12 days. Foxconn has already started manufacturing the iPhone 16 series in India, preparing for export and distribution to various cities and countries. Milestone for Indian Manufacturing This launch will be the first time a global tech company makes a product manufactured…

India is responsible for nearly a fifth of global plastic pollution, according to a recent study published in the journal Nature. The country burns approximately 5.8 million tonnes (mt) of plastic annually, releasing an additional 3.5 mt into the environment as debris. In total, India contributes 9.3 mt of plastic waste each year, surpassing countries like Nigeria (3.5 mt), Indonesia (3.4 mt), and China (2.8 mt). Unmanaged Waste Problem The study, led by University of Leeds researchers, revealed that the world produces 251 mt of plastic waste annually, enough to fill around 200,000 Olympic-sized swimming pools. Of this waste, approximately…

Deepinder Goyal, Co-founder and CEO of Zomato, has made headlines again, this time for expanding his luxury car collection. Following a year of remarkable success, including a significant surge in Zomato’s stock and his entry into the billionaire club, Deepinder Goyal has added an impressive Bentley Continental GT Speed to his fleet. This new addition highlights his taste for high-end, performance-oriented vehicles. The Bentley Continental GT Speed: A Closer Look Deepinder Goyal’s latest acquisition, the Bentley Continental GT Speed, is a striking Monaco Yellow model. Known for its exceptional performance, this car features a powerful 6-litre W12 engine. Capable of producing 641 bhp and 900…