Author: News Desk

Manu Bhaker, an emerging star in Indian sports, achieved a historic milestone at the Paris Olympics 2024, securing two bronze medals. Her stellar performance has not only earned her national acclaim but also set the stage for significant accolades and rewards. Estimated Net Worth As of 2024, Manu Bhaker’s net worth is estimated to be around Rs 12 crore. This wealth primarily comes from her successful shooting career and various endorsement deals. She has partnered with prominent brands like Nothing India and Performax. According to MoneyControl, female athletes in India typically earn between Rs 8 lakh and Rs 30 lakh…

On August 27, Apple announced the appointment of Kevan Parekh as its new Chief Financial Officer (CFO). Parekh, who will succeed Luca Maestri in January 2025, brings a wealth of experience and a deep understanding of Apple’s financial landscape. Who is Kevan Parekh? Born in 1972, Kevan Parekh is an accomplished electrical engineer with a Bachelor of Science from the University of Michigan and an MBA from the University of Chicago. Before his tenure at Apple, Parekh held senior positions at Thomson Reuters and General Motors. Career at Apple Parekh has been a key figure at Apple for over a…

Indian Railways caters to millions of passengers daily, including a diverse range of travellers from children to senior citizens. To make journeys more comfortable for the elderly, Railways has implemented special provisions. If you have booked a lower berth for a senior citizen but have not received it, here’s what you need to know. Booking Lower Berths for Senior Citizens Indian Railways has established guidelines to ensure senior citizens receive lower berths for a more convenient travel experience. Lower berths can be specifically booked for senior citizens to accommodate their needs. However, a recent case highlighted an issue where a…

Jay Shah, the newly elected Chairman of the International Cricket Council (ICC), is a prominent figure in global cricket governance. Currently, as the Secretary of the Board of Control for Cricket in India (BCCI), Shah does not receive a regular salary. Instead, his compensation comes in the form of allowances and reimbursements. For international cricket meetings or tours, Shah earns approximately Rs 84,000 per day. For meetings within India, he receives Rs 40,000 daily. Additionally, he is entitled to Rs 30,000 per day for work-related trips within India that do not involve formal meetings. The BCCI also covers his domestic…

UAE aviation companies are actively expanding their fleets. Following Emirates airline’s recent acquisition, Dubai Aerospace Enterprise (DAE) has announced agreements to acquire up to 23 aircraft from various sources, with a total value of $1.1 billion. Details of the Aircraft Portfolio The newly acquired aircraft have a weighted average age of 3.4 years and an average remaining lease term of 8.8 years. These planes are currently leased to 13 airlines across nine countries. Fleet Composition and Future Plans The new acquisitions include 91% narrow-body aircraft by value, with 86% featuring next-generation technology. The transactions are expected to be completed by…

Abu Dhabi, the capital of the UAE, has long been a magnet for expatriates seeking job opportunities, including many from Kerala. However, recent developments could affect their cost of living. A new official rent index has been introduced, and it’s anticipated to drive rental rates in the city up by as much as 30%. Impact of the Rent Index The rent index is prompting landlords to adjust their rates in response to the heightened demand for housing. This system also provides tenants with a chance to negotiate more favourable rates in areas where rents exceed the official index. The Abu…

Colin Huang’s brief stint as China’s wealthiest individual came to an abrupt end following the release of disappointing quarterly results from Temu, his e-commerce platform. PDD Holdings, the parent company of Temu and Pinduoduo, saw its market value plummet by $50 billion, causing Huang’s net worth to drop dramatically. Temu and Pinduoduo: A Short-Lived Dominance Huang, who became China’s richest person on August 8, 2024, saw his fortune diminish as Temu and its parent company, PDD Holdings, faced financial setbacks. The company’s market cap fell from over $190 billion to $124.4 billion. This downturn knocked Huang from his position as…

Cybercrime is evolving rapidly, with fraudsters employing increasingly sophisticated tactics. Recently, a new scam has surfaced involving fake digital arrests and courier fraud, with a particularly alarming example involving a fraudulent message purporting to come from the Chief Justice of India, DY Chandrachud. The Latest Scam: Impersonating the Chief Justice A recent viral post on the microblogging platform X showcased a scammer pretending to be Chief Justice DY Chandrachud. The message claimed that the CJI was stranded at Connaught Place and urgently needed ₹5,000 for a cab, assuring the sender that the money would be returned once he reached the…

In 2024, Justin Bieber’s financial status remains robust with an estimated net worth of approximately $300 million. From his humble beginnings, Bieber has ascended to global stardom, thanks to his chart-topping hits, sold-out tours, and astute business moves. His journey from a YouTube cover artist to a leading pop sensation underscores his immense success. Major Financial Milestones A significant highlight of Bieber’s financial trajectory occurred in early 2023 when he sold his music catalogue of 291 songs for an estimated $200 million. This deal set a new precedent for artists under 70 years old. The sale marked a major financial…

Zee Entertainment Limited (ZEEL) announced a settlement with Culver Max Entertainment Private Limited (CMEPL), formerly Sony India, and Bangla Entertainment Private Limited (BEPL). This agreement resolves all disputes and involves withdrawing all claims and applications from the Singapore International Arbitration Centre (SIAC). Market Reaction Following the announcement, Zee Entertainment’s shares saw an 11% increase, closing at Rs 150.90 each. Termination of the $10 Billion Deal As part of the settlement, the companies will withdraw their respective Composite Schemes of Arrangement from the National Company Law Tribunal (NCLT) and notify the relevant regulatory authorities, thus terminating the $10 billion merger deal. Relinquishment of Claims The settlement also includes a mutual agreement…