Author: News Desk

Benu Gopal Bangur, born into a traditional Marwari family in Kolkata, has become a testament to the power of blending academic prowess with entrepreneurial acumen. His journey from a stockbroker in his family business to the head of one of India’s largest cement companies is a story of dedication, innovation, and resilience. Benu Gopal Bangur was the first in his family to graduate, earning a B.Com (Hons.) degree from Calcutta University. After graduation, he joined his family’s stock broking business, gaining invaluable experience in finance and business management. In the 1960s, under the leadership of Bangur’s grandfather, Mugnee Bangur, the family business diversified into jute, tea, paper,…

In the UAE, a new wave of Emirati entrepreneurs is reshaping the coffee landscape with a blend of creativity and traditional Arabian hospitality. These innovators are challenging established brands and introducing unique offerings to the coffee market. Mohammad Al Farran: Expanding Black Sheep Coffee One notable figure is Mohammad Al Farran, who is leading the expansion of the British coffee chain Black Sheep Coffee in the Emirates. Al Farran was drawn to Black Sheep Coffee’s unconventional use of Robusta beans, which deviates from the more common Arabica. This unique approach, combined with Dubai’s dynamic environment, aligns with Al Farran’s vision…

India’s rich heritage is not only represented through its historical monuments and traditions but also through its artisanal crafts. One such craft that has made a significant impact in the global market is Chikankari, an intricate embroidery from Lucknow. Chikankari is now playing a vital role in supporting the ‘Made in India’ initiative, promoting Indian craftsmanship on a global scale. Growth in Chikankari Exports According to Volza’s India Export data, India exported 1,037 shipments of Chikankari between March 2023 and February 2024. This reflects an impressive 84% growth compared to the previous year. February 2024 alone saw 76 export shipments, marking a year-on-year growth of…

Transport and highways minister Nitin Gadkari recently stated that subsidies for electric vehicles (EVs) may no longer be necessary for consumers. Speaking at a green mobility convention, Gadkari emphasised that incentives are becoming less relevant as electric vehicles grow more affordable due to decreasing battery costs and increasing market adoption. EVs Are Becoming Affordable Without Subsidies Gadkari pointed out the significant tax difference between electric and traditional vehicles, noting that while petrol and diesel vehicles attract a 48% goods and services tax (GST), electric vehicles have only a 5% GST. “After receiving a 5% GST, expecting additional subsidies doesn’t make…

Entod Pharmaceuticals’ innovative eye drops, PresVu, have received approval from the Drugs Controller General of India (DCGI). This marks a significant advancement, as PresVu becomes the first eye drop in India specifically designed for treating presbyopia, a common vision issue among individuals over 40. Understanding Presbyopia Presbyopia is an age-related condition that impairs the ability to focus on close objects. It affects a large portion of the global population, with estimates suggesting that between 1.09 billion and 1.80 billion people suffer from this condition. As people age, their ability to focus on near objects declines, often leading to difficulties in…

Unified Payments Interface (UPI) in India has set a new benchmark in digital transactions, processing nearly ₹81 lakh crore from April to July 2023. This remarkable figure represents a 37% increase year-over-year (YoY) and positions UPI ahead of major global digital payment platforms. Record-Breaking Transaction Numbers According to Paysecure, UPI has achieved a staggering 3,729.1 transactions per second, marking a 58% increase from the previous year’s 2,348 transactions per second. This surge in transaction volume has allowed UPI to surpass leading platforms such as China’s Alipay, PayPal, and Brazil’s PIX in transaction counts. In 2023 alone, UPI processed 117.6 billion…

The State Bank of India (SBI) has launched a revamped version of its FASTag, aimed at streamlining toll collection and reducing commuter wait times. This new design specifically targets Vehicle Class 4, which includes cars, jeeps, and vans, and is expected to significantly improve toll transaction efficiency. Benefits of the New FASTag Design The redesigned FASTag promises several advantages for commuters. One of the key improvements is faster toll payments. The new design facilitates quicker processing of toll transactions, which is set to reduce wait times at toll plazas and make the overall driving experience smoother and more efficient. Additionally,…

The Atal Pension Yojana (APY), launched by the Union government in 2015, aims to offer financial security to individuals in the unorganised sector upon retirement. This pension scheme is particularly beneficial for those who are not income taxpayers. It enables them to invest a modest amount regularly and receive a fixed pension upon retirement. Eligibility and Contributions The APY is available to Indian citizens aged 18 to 40 who do not pay income tax. Those who are already tax-payers have been ineligible since October 2022. Subscribers contribute a nominal premium regularly—monthly, quarterly, or half-yearly—until the age of 60. After reaching…

Navya Nanda, a name that resonates with luxury and influence, is the heiress to a vast fortune and a multifaceted career. At just 26, she stands out not only for her family legacy but also for her significant contributions to business and social causes. Heiress to a ₹7014 Crore Conglomerate Navya’s lineage places her at the helm of considerable wealth. Her father, Nikhil Nanda, is the Chairman and Managing Director of Escorts Kubota Limited, an Indian engineering conglomerate with a revenue of ₹7014 crore as of 2021. Nikhil holds a 36.59% stake in the company and earns an annual salary…

Sultan Hassanal Bolkiah’s Istana Nurul Iman, the Sultan’s primary residence, holds the title of the largest residential palace globally. Covering an immense 200,000 square metres, the palace is a marvel of luxury and scale. The palace boasts 1,788 rooms and 257 bathrooms, catering to both grand events and private needs. Its five swimming pools, grand banquet hall, and 110-car garages reflect a lifestyle of unparalleled opulence. The Istana Nurul Iman also includes a private zoo with Bengal tigers and various bird species, highlighting the Sultan’s affinity for lavish and unique features. The palace even houses an air-conditioned stable for 200…