Author: News Desk

An international study on migrant labour in Saudi Arabia and Kuwait suggests that the growing reliance on local workers could soon replace many jobs currently held by expatriates, particularly in skilled and semi-skilled sectors. The study, authored by Abdul A. Erumban and Abbas Al-Mejren, indicates that while migrant workers in low-skilled jobs may remain in demand for some time, automation and upskilling of local workers will likely reduce the need for foreign labour in the long run. Local Workers Taking Over Migrant Jobs The research highlights that as the local workforce in Saudi Arabia and Kuwait continues to upskill, even…

At the 2024 Nvidia AI Summit in Mumbai, a unique blend of Bollywood and cutting-edge technology took centre stage. Bollywood superstar Akshay Kumar, known for his martial arts passion, met Jensen Huang, the CEO of Nvidia, sparking a playful moment that would become one of the highlights of the event. Despite the summit’s focus on strengthening India’s AI capabilities, the encounter took an unexpected turn as Kumar shared a social media post showcasing himself and Huang in a martial arts pose. Kumar humorously captioned it, “Imagine meeting the world’s biggest authority on Artificial Intelligence and ending up chatting about martial…

Tata Group stands to gain significantly as Air India (AI) and Vistara (UK) merge, marking the start of a new journey. Vistara’s final flight on November 11, 2024, signals the beginning of this transformation, which is expected to deliver substantial financial benefits. Financial Gains from the Merger According to reports, the merger could lead to annual savings of over ₹500 crore. These savings will come from renegotiated contracts in key areas such as operations, fuel, lounges, ground infrastructure, and catering. By FY27, the combined airline aims to achieve total cost savings of ₹1,800 crore. Vihaan.AI Strategy in Action The merger…

Kamala Harris, the Vice President of the United States, has amassed significant wealth throughout her career, thanks to her public service roles, lucrative book deals, and her marriage to Doug Emhoff, a highly successful entertainment lawyer. As of 2024, Harris and Emhoff’s net worth is estimated at $8 million, an increase from $6 million in 2019, based on wealth disclosures, tax filings, and Forbes reports. Properties and Investments Much of Harris and Emhoff’s wealth comes from their real estate investments. In 2019, Forbes reported that the couple owned three properties: one in San Francisco, another in Los Angeles, and a…

OpenAI, the trailblazing company behind ChatGPT, is once again in the news with a landmark acquisition of the domain Chat.com. This iconic web address, one of the oldest in existence, was purchased from Dharmesh Shah, the founder and CTO of HubSpot. The domain now redirects to ChatGPT, marking a significant step in OpenAI’s expansion. A Historic Domain Purchase Originally registered in 1996, Chat.com holds a special place in the history of the internet. Dharmesh Shah, who acquired the domain in 2023, paid an impressive $15.5 million (approximately Rs 130 crore) for the privilege. This hefty investment has now proven to…

Ministers P.A. Muhammad Riyas, V. Sivankutty, and P. Rajeev were visibly excited as they boarded Kerala’s first seaplane. The historic moment was marked by the successful landing of the aircraft at Mattupetty Dam, where Water Resources Minister Roshy Augustine welcomed it with high expectations. First Test Flight a Success The De Havilland Canada seaplane, flagged off by Minister Riyas from Bolgatty Marina in Kochi, made its maiden journey to Mattupetty Dam in Idukki. This marked the beginning of Kerala’s innovative step in reservoir tourism. The aircraft, piloted by Canadian Captains Daniel Montgomery and Roger Brenjer, landed smoothly under clear skies.…

India is taking significant strides towards modernising its rail infrastructure with the construction of the country’s first dedicated railway test track in Rajasthan. The track, spanning 60 kilometres, is set to be completed by December 2025 and will be used for testing various rolling stock, including high-speed trains. This will mark a milestone in India’s railway modernization journey, enabling comprehensive testing of trains at speeds up to 230 km/h, including bullet trains. The Project’s Scope and Progress Located between Gudha and Thathana Mithdi in the Nawa area of Jodhpur Division, Rajasthan, the test track is strategically designed to evaluate trains…

The Reserve Bank of India (RBI) has been intensifying its focus on localising its gold reserves, with a significant shift in its storage strategy. As of September 2024, the RBI holds a total of 854.7 tonnes of gold, with 510.5 tonnes securely stored in its vaults across India, primarily in Mumbai. This move reflects the RBI’s commitment to securing the nation’s gold assets within its own borders. Significant Additions to Domestic Reserves The RBI has been actively adding to its gold reserves in recent years. Between April 2022 and September 2024, it has purchased close to 100 tonnes of gold.…

Zomato, a popular food delivery company, has introduced a new feature called “food rescue” to help reduce food waste caused by cancelled orders. Deepinder Goyal, the CEO of Zomato, explained that every day, over 400,000 perfectly good food orders are cancelled by customers for different reasons. These orders are wasted, which is a big concern for both Zomato and the restaurants. With the new “food rescue” feature, customers living near restaurants will be able to buy cancelled orders at very low prices. The food will be sold in its original packaging, untouched, and delivered quickly to these customers. Goyal mentioned…

After nine years of soaring success, Vistara, a Tata group airline, will operate its final flight on Monday, November 11, 2024. Launched in January 2015 as a joint venture between Tata Sons and Singapore Airlines (SA), Vistara won the hearts of travellers with its full-service offerings. Post-merger, all Vistara flights will now operate under Air India starting November 12. Why Merge Vistara with Air India? The merger is part of Tata Group’s strategic plan to consolidate its airline ventures under the Air India brand. This move aims to enhance operational efficiency and offer a unified customer experience. In August 2024,…