Top Trending Business News & Highlights

Microsoft Unveils Copilot for Finance, an AI Solution to Simplify Tasks Associated with Enterprise Finance

Microsoft on Thursday unveiled Copilot for Finance, a new artificial intelligence (AI) tool designed to make everyday mundane tasks easier for financial professionals. The Copilot tool adds new features tailored to financial operations to the already-existing Copilot for Microsoft 365 stack, rather than creating a brand-new AI model. This AI tool, which focuses on enterprises, is currently in public preview. Notably, a recent update from the tech giant revealed additional features and significant enhancements for Windows 11.Microsoft presented its new AI tool in a blog post, pitching it as a means of allowing finance departments within businesses to focus on strategic tasks rather than tedious analysis and report writing. The business also cited a statistic from CFO magazine, stating that the "drudgery of data entry and review cycles" was cited by 62% of finance professionals polled as a reason they could not find time for strategic tasks. The tech giant claims that Copilot for Finance automates a number of financial tasks that would otherwise require users to put in long hours. It can accomplish a wide range of tasks, including using natural language prompts to conduct a variance analysis in Excel, reconciling data in Excel with automated data structure comparisons, giving a comprehensive summary of pertinent customer account details, transforming raw data into visuals and reports, and much more.  

Published 04 Mar 2024 05:41 PM

Survey Says RBIs Paytm Action Won Affect Merchants Trust

Merchants' trust in the payment platform is unaffected by the severe limitations the Reserve Bank of India (RBI) placed on Paytm Payments Bank (PPBL), according to a survey done. According to Datum Intelligence, a Gurugram-based provider of business consulting and services, 59% of retailers still use Paytm and don't think the government crackdown will have an immediate effect on their business. The business conducted a survey with 2,000 business owners in 12 cities who accept payments through Paytm apps. According to a press release from Datum Intelligence, it was done between February 7 and February 15. Survey Says RBI's Paytm Action Won't Affect Merchants' Trust According to a Datum survey, 76% of retailers accept payments through Paytm. Merchants' trust in the payment platform is unaffected by the severe limitations the Reserve Bank of India (RBI) placed on Paytm Payments Bank (PPBL), according to a survey done. According to Datum Intelligence, a Gurugram-based provider of business consulting and services, 59% of retailers still use Paytm and don't think the government crackdown will have an immediate effect on their business. The business conducted a survey with 2,000 business owners in 12 cities who accept payments through Paytm apps. According to a press release from Datum Intelligence, it was done between February 7 and February 15. According to the survey, 21% of retailers are awaiting additional information The fact that a Paytm representative contacted them following the RBI ruling is what gives retailers their confidence. "After being contacted by a Paytm representative, 71% of merchants feel comfortable continuing to use Paytm for payments. According to the Datum Intelligence survey, only 11% of respondents are less confident about using Paytm for payments, and 14% of respondents are still looking for more information."Overall, the impact is limited on the merchant business and Paytm is engaging with merchants to reduce the damage and merchants are also waiting before deciding on alternatives," it added.

Published 28 Feb 2024 05:01 PM

India Accepts All Foreign Investment In The Space Industry

In an effort to facilitate business in the nation, the Indian government approved an amendment on Wednesday that permits 100% foreign direct investment (FDI) in the space sector. The government stated in a statement that the FDI policy reform will encourage growth in investment, income, and employment. The government stated in a statement that the FDI policy reform will encourage growth in investment, income, and employment. 

Published 22 Feb 2024 01:45 AM

Thailands New Program Will Provide Up To $14,000 In Medical Coverage For Visitors

In an effort to entice travelers back after the pandemic, Thailand has launched a program to provide up to $14,000 in medical coverage in the event of an accident, the country's tourism minister announced on Thursday. Under the new plan, the government will pay up to 500,000 baht ($14,000) in expenses and up to one million baht in compensation in the event of a death. The kingdom's vital tourism industry was severely impacted by travel restrictions during the Covid-19 pandemic, and arrivals have not recovered as quickly as officials had hoped.According to AFP, the new Thailand Traveler Safety program launched on January 1 and will run through August 31. Sudawan Wangsuphakijkosol is the minister of tourism. "The campaign aims to assure foreign tourists that Thailand is safe and everyone will be under good care," she stated. For a long time, young travelers from all over the world who are looking for sun, sand, and excitement have been drawn to the kingdom. However, mishaps are not unusual, and in the past few months, there have been multiple accounts of young Europeans being left with large medical bills and insufficient insurance.The Thai government makes it clear that mishaps brought on by "negligence, intent, illegal acts" or reckless behavior are not covered by the program. Travelers can sign up for the program at tts.go.th, the website for Thailand Traveller Safety. In 2023, there were about 28 million tourists to Thailand, up from 11 million in the previous year but still far less than the 40 million that arrived in 2019, the final year before the pandemic.

Published 15 Feb 2024 04:11 PM

Business

Business globally are the pillars of any economy and they contribute in huge amount to take any country ahead financially and economically and boost the country grwoth.

Weak rural demand is anticipated to have an influence on the volume growth of FMCG companies in Q3.

Leading FMCG companies anticipate sequential improvement in consumer demand and low to mid-single-digit volume growth in the October–December quarter. Leading listed FMCG companies including Dabur, Marico, and Godrej Consumer Products stated in their quarterly reports that consumer demand from the rural market is trailing, even while the urban markets remained stable in the third quarter as demonstrated in the September quarter.Businesses anticipate a slow recovery since there are encouraging trends in volume trends and early indications of a recovery in consumption.Additionally, the producers anticipate growth in gross margins year over year, which will be aided by a moderating effect on inflation as the costs of essential inputs, including copra and edible oil, continue to be lower, and there has been some downward bias in the prices of crude derivatives. This will assist FMCG companies in allocating more funding for marketing and promotions. "Increasing advertising and promotion (A&P) spending will be the primary driver of a sizable amount of the gross margin growth. As a result, operating profit is anticipated to increase year over year and record an improvement, according to Dabur India's quarterly updates. This is somewhat faster than revenue growth.  

Pre-Series A Funding of Rs 10 Crore is Secured by Settl for Co-Living Expansion

In a pre-series A investment round, investors including Gruhas, We Founder Circle, Inflection Point Ventures, and others have contributed Rs. 10 crore to the proptech startup Settl. Settl., which was founded in 2020, intends to use the money for technology advancement, staff growth, and working capital.With 60+ locations across Bengaluru, Hyderabad, Gurugram, and Chennai, Settl. is a co-living operator that offers 4000 beds, mostly for working people, for rental fees between Rs 12,500 and Rs 18,000 per bed.To date, the portal that lets users look for and rent completely furnished rooms, flats, or communal living spaces has raised a total of Rs 15 crore.Another IIT Madras initiative aims to support 100 businesses by 2024. By 2024, 100 companies from a variety of industries will be supported by the IIT Madras Incubation Cell (IITMIC), the institute's central hub for fostering, advising, and supervising diverse innovation and entrepreneurship initiatives."We at IIT Madras take tremendous satisfaction in the fact that we innovate a lot more. In 2024, we also want to launch 100 start-ups. A number of intriguing innovations are also emerging from IIT Madras-incubated start-ups, including Mindgrove Tech, AgniKul Cosmos, and Hyperloop start-up The ePlane Company. These startups will produce goods that are extremely important to the country." remarked Professor V. Kamakoti, Director of IIT Madras.  

For FY23, Unacademys revenue jumps 26% to Rs 907 crore while its loss cuts

The test-prep startup Unacademy reported that, despite constant layoffs at the company, its losses in FY23 decreased by 41% to Rs 1,678 crore. In FY23, employee-related expenses decreased by 28% to Rs 1,281 crore.The test-prep startup Unacademy reported that, despite constant layoffs at the company, its losses in FY23 decreased by 41% to Rs 1,678 crore. In FY23, employee-related expenses decreased by 28% to Rs 1,281 crore.In what was a difficult year for the startup environment, many modern businesses, like Myntra, ZestMoney, and Curefoods, reported stronger revenues for FY23, but their losses also increased.Revenue at Myntra rises to Rs 4,375 crore: The apparel retailer Myntra, which is owned by Flipkart, reported a 25% increase in operating revenue to Rs 4,375 crore in FY23, despite a 31% increase in losses to Rs 782 crore. The online fashion platform's largest expense, amounting to Rs 1,758 crore, was spent on advertising and promotional activities, representing a 35% increase over the previous year.Unacademy reduces losses to Rs 1,678 crore, or 41%: Unacademy, a startup providing test preparation, reported that its losses in FY23, which included several layoffs at the company, decreased by 41% to Rs 1,678 crore. The Bengaluru-based firm saw a 26% increase in sales to Rs 907 crore during the year, while costs associated with payroll decreased by 28% to Rs 1,281 crore.ZestMoney reports a loss of Rs 412 crore. ZestMoney, a troubled startup that has been searching for a buyer, declared a net loss of Rs 412.4 crore for the fiscal year 2023. On the other hand, while total expenses increased by 21% to Rs 662.2 crore, overall revenue for the buy-now-pay-later platform increased by 72% to Rs 250 crore.  

VinFast, A Rival To Tesla, Is Likely To Construct An EV Battery Plant In India

The test-prep startup Unacademy reported that, despite constant layoffs at the company, its losses in FY23 decreased by 41% to Rs 1,678 crore. In FY23, employee-related expenses decreased by 28% to Rs 1,281 crore.The test-prep startup Unacademy reported that, despite constant layoffs at the company, its losses in FY23 decreased by 41% to Rs 1,678 crore. In FY23, employee-related expenses decreased by 28% to Rs 1,281 crore.In what was a difficult year for the startup environment, many modern businesses, like Myntra, ZestMoney, and Curefoods, reported stronger revenues for FY23, but their losses also increased.Revenue at Myntra rises to Rs 4,375 crore: The apparel retailer Myntra, which is owned by Flipkart, reported a 25% increase in operating revenue to Rs 4,375 crore in FY23, despite a 31% increase in losses to Rs 782 crore. The online fashion platform's largest expense, amounting to Rs 1,758 crore, was spent on advertising and promotional activities, representing a 35% increase over the previous year.Unacademy reduces losses to Rs 1,678 crore, or 41%: Unacademy, a startup providing test preparation, reported that its losses in FY23, which included several layoffs at the company, decreased by 41% to Rs 1,678 crore. The Bengaluru-based firm saw a 26% increase in sales to Rs 907 crore during the year, while costs associated with payroll decreased by 28% to Rs 1,281 crore.ZestMoney reports a loss of Rs 412 crore. ZestMoney, a troubled startup that has been searching for a buyer, declared a net loss of Rs 412.4 crore for the fiscal year 2023. On the other hand, while total expenses increased by 21% to Rs 662.2 crore, overall revenue for the buy-now-pay-later platform increased by 72% to Rs 250 crore.    

Rajat Diwakar is appointed CEO of iD Fresh Foods India.

Rajat Diwakar has been named CEO of iD Fresh Food's India division, the business announced on Friday. Diwakar worked as the Managing Director of Marico Bangladesh Limited before being hired by iD Fresh Foods. Additionally, he has over 20 years of experience leading FMCG companies.Leader of iD Fresh India, Rajat Diwakar Delhi, New: iD Fresh Food, a ready-to-cook packaged food firm, strengthened its leadership team on a national and international level on Friday by appointing industry veteran Rajat Diwaker as the India CEO and PC Musthafa as the Global CEO.Today, iD Fresh Food announced the appointment of Rajat Diwaker, a seasoned industry veteran, as the CEO for India. Rajat is a seasoned professional with more than 20 years of experience in the FMCG sector. He was the Managing Director of Marico Bangladesh Limited in his previous position. Additionally, he serves as a director on the board of Bangladesh's Foreign Investors' Chamber of Commerce and Industry (FICCI).In addition to continuing to lead the board of directors, PC Musthafa, who founded iD Fresh and served in that capacity for almost 20 years, now assumes the position of global CEO. Musthafa will be in charge of iD Fresh's worldwide market innovations, as well as international expansions, strategic acquisitions, the development of food-tech capabilities, and organizational culture inspiration.iD Fresh plans to designate specific Business Heads and CEOs for every international market as part of its expansion strategy. In actuality, the business is currently employing a US CEO. At present, more than one-third originates from sources outside of India. In 2024, the company intends to increase its presence in the current markets while branching out into new ones like Singapore and Australia.The global CEO of iD Fresh Food, PC Musthafa, commented on the most recent development, saying, "iD Fresh's journey has been incredibly rewarding so far, and we continue to make tremendous strides." I'm happy to have Rajat Diwaker join the iD Fresh team. I have no doubt that in the years to follow, we will accomplish greater things and win over more hearts under his capable and visionary leadership. And because of the unwavering support from customers that we have accumulated over the years, I am excited to lead the brand into new international markets as we set off on new experiences.  

Revenues increase 67% as InCred Finance reports a net profit of Rs 121 crore for FY23.

InCred Finance, which joined the unicorn club last year, declared total revenues for the fiscal year 2023 of Rs 877.5 crore, a 67% increase over the previous fiscal year. According to data obtained from research platform Tracxn, the non-banking financial company also claimed a net profit of Rs 121 crore in FY23, a notable increase from the Rs 31 crore it reported in FY22.As the second unicorn of 2023, InCred Finance raised $60 million in December from a group of investors that included very wealthy customers, valued at $1.04 billion. The money will be utilized to expand its primary business verticals, which include lending to micro, small, and medium-sized businesses (MSME), consumers, and students.The other Indian firm to join the unicorn club in 2023 was Zepto, a quick commerce company. A privately held business valued at $1 billion or more is known as a unicorn. Experienced banker Bhupinder Singh launched InCred Finance, the lending division of InCred Group, in 2016. It offers loans in the areas of school finance, small business lending, and retail lending. It amalgamated with KKR India Financial S.A. in 2022.InCred said earlier in November that it has grown its loan portfolio to Rs 7,500 crore in six years, with over 50% compound annual growth over the previous three years. Institutional investors include the Abu Dhabi Investment Authority (ADIA), Moore Strategic Ventures, Elevar Equity, Oaks Asset Management, and the Dutch development financing corporation FMO have contributed money to InCred.  

Fireside Ventures leads a 50 crore Series A fundraising round for mental health firm Amaha.

On Wednesday, Amaha, a company focused on mental health, announced that it has raised ₹50 crore in a Series A financing round led by Fireside Ventures. ₹15.6 crore more was contributed by other angel investors.Amaha, the former InnerHour, intends to expand and improve its mental health offerings with the help of this investment. Serving more than 600 Indian locations, the Mumbai-based organization provides a range of therapies and care programs for mental health issues like anxiety, depression, bipolar disorder, ADHD, OCD, schizophrenia, and addictions.The portfolio of Fireside Ventures, an investment firm that focuses mostly on consumer-focused startups, comprises businesses in the food and beverage, personal care, kids & education, lifestyle, and home products industries. It made investments in various wellness firms last year, including The Good Bug and Inito.A portion of the increased awareness and support for mental health and wellness in recent years has come from celebrities, including actors and cricket players, as well as from a number of organizations and social media platforms. Amaha was established in 2016 and offers digital services via an app that provides self-care tools and resources, in addition to operating physical centers in Delhi NCR, Bengaluru, and Mumbai. The founder and CEO of Amaha, Amit Malik, stated in an interview with Mint that "we're looking to go beyond digital at this stage because I think there is a lot of unmet need within the industry." Amaha has been aggressively investing in infrastructure, including physical clinics and technical advancements, despite growing losses in 2023 and maintaining a positiveAmaha obtained $5.2 million from Lightbox Ventures, a venture capital firm, in 2021. Additional angel investors that took part were Hitesh Oberoi, CEO & MD of Info Edge India Pvt. Ltd., Pankaj Sahni, CEO of Medanta-The Medicity Hospitals, and Capricorn Ventures & Micasa Investments (Singapore).  

Melissa Niebes is named CEO of Federal Package, effective January 1, 2024.

Melissa Niebes has been named the new Chief Executive Officer of Federal Package, a turnkey contract manufacturer with its headquarters located in Chanhassen, MN. Her appointment will take effect on January 1, 2024. Niebes is Federal Package's President and Chief Commercial Officer at the moment. She will take over as CEO from Steve Dakolios, who recently declared his intention to become a Vice Chairman and Senior Advisor at Federal Package."Melissa has a strong track record as a growth-oriented leader in the consumer goods sector. She has given the business new life, direction, and energy. As the business grows, she will keep improving operational effectiveness and organizational procedures. The time is right for new leadership, and Melissa is qualified to advance our long-term plan and quicken  

Ranji Trophy: Hand of Pondicherry Delhi lost by nine wickets.

The Ranji Trophy campaign for Delhi in 2023–24 got off to the worst conceivable start. It was Pondicherry's sole victory in the Ranji Trophy elite group, as they thrashed Delhi by nine wickets.On a chilly Day 4, Pondicherry's victory was a formality when Gourav Yadav and Abin Matthew dismissed Delhi's overnight batters, Harsh Tyagi and Ishant Sharma, early in their second innings, as they collapsed for 145 runs. With nine wickets remaining, Pondicherry took down the score in 13.1 overs, needing just 50 runs to win.Ranji Trophy 2024: Puducherry defeated Delhi, the defending champions, by nine wickets in their home opener. Former Madhya Pradesh fast bowler Gourav Yadav haunted Delhi in their own backyard with a match-winning tally of 10 wickets.Puducherry had one of their greatest victories in Ranji Trophy history on Monday, January 8, when they defeated Delhi, one of the league's heavyweights, by nine wickets in the opening game of Elite Group D at the Arun Jaitley Stadium in New Delhi. On a chilly morning in the capital city, Puducherry only needed to chase 51 runs to win, and they did so in style in just 13.4 overs.  

George Soros’s Texas cash infusion shows Democrats are afraid of losing: Mayra Flores

The move by left-wing billionaire George Soros to pour major cash into turning Texas blue in 2024 shows Democrats are afraid of the GOP’s momentum in the state, Republican candidate and ex-Rep. Mayra Flores told the Washington Examiner in an interview.Soros personally has transferred at least $100,000 since August 2023 to the Democratic Party Executive Committee in Cameron County, which is part of the Lone Star State’s 34th Congressional District, where Flores is seeking to unseat Rep. Vicente Gonzalez (D-TX). The Democratic megadonor also made donations to Hidalgo and Dallas counties and has wired hundreds of thousands of dollars to the liberal Texas Majority PAC, according to financial disclosures.Soros personally has transferred at least $100,000 since August 2023 to the Democratic Party Executive Committee in Cameron County, which is part of the Lone Star State’s 34th Congressional District, where Flores is seeking to unseat Rep. Vicente Gonzalez (D-TX). The Democratic megadonor also made donations to Hidalgo and Dallas counties and has wired hundreds of thousands of dollars to the liberal Texas Majority PAC, according to financial disclosures.Meanwhile, the GOP-led House Judiciary Committee released a report Thursday putting forth that the Biden administration’s “actions in dismantling interior immigration enforcement, which enables illegal aliens to stay in the United States indefinitely.”“Over the past six months, we’ve been traveling and sharing our message of faith and the American dream with voters, who are seeing the disaster that Joe Biden created in South Texas,” Flores said. “I was in Brownsville, and we brought in over 100 women who are Spanish-speaking who voted for Biden in 2020. And I went to speak with them about my campaign. ”Toward the end of that meeting, Flores said the women all told her they would not be voting for Biden in 2024. She underscored how the attendees are living paycheck-to-paycheck and upset, searching for better economic opportunities and safer communities.In Texas, the immigrant crisis hits home for voters, who view border security as a top concern heading into 2024, according to recent polls. Soros’s helping hand in 2024 to Democrats in the Lone Star State comes after nonprofit groups affiliated with the billionaire have dished out millions of dollars in recent years to entities pushing for open borders and, in some cases, have been accused of violating federal law while doing so. In the 2022 election, Flores was trounced by more than 11,400 votes. It was a major disappointment to the Republican Party, whose consultants in Washington and across the country communicated that there would be a “red wave,” but it never materialized. That year, Gonzalez highlighted how the Flores campaign spent more than $7 million against him and still could not capture the South Texas district.    

Biden’s slow trickle approach to student debt pleases no one except small slice of borrowers

President Joe Biden continued his slow rollout of student debt transfers Friday morning with the announcement that his administration will write off $5 billion worth of loans for 74,000 borrowers.The White House touted the move as the president using “every tool at our disposal” to cancel student debt, yet the trickle approach has outraged conservatives who say the actions are illegal, while “forgiveness” advocates are urging the administration to go bigger.“President Biden continues to defy the Supreme Court and Congress by forgiving yet another round of student debt,” Job Creators Network Foundation President Elaine Parker said. “His lawless actions make a mockery of the separation of powers and set a dangerous precedent that consolidates more power in the executive branch.”Parker said college students are the “biggest losers of the move,” as colleges have been given a “blank check” to continue overcharging with the push. Conservatives also like to point out that any unpaid loans fall on the backs of taxpayers.But the other side isn’t satisfied, either. Biden initially tried to cancel up to $20,000 in loans for anyone making less than $125,000 a year or up to $40,000 for married couples earning up to $250,000. The total price tag exceeded $400 billion but never went through, as the Supreme Court ruled it illegal.Instead, the relatively smaller amounts canceled affect 3.7 million borrowers, or less than 10% of the 40 million-plus people who hold student loans. “The student loan issue was not something addressed by the White House in the end in a comprehensive way, according to many young voters,” CNN’s Audie Cornish told press secretary Karine Jean-Pierre earlier this month. “Are you going to try to finish those jobs in particular?”Jean-Pierre, who had not mentioned student loans when asked about the White House’s 2024 priorities, responded by saying Biden “took steps” despite the obstacles. “The president put forth a plan,” she said. “He wanted to keep his promise on dealing with the student loan debt that is really crushing families across the country, and he took steps even though the plan that he put forth was stopped, certainly, by folks in Congress.”The latest round, like every round since the Supreme Court loss, was described as a fix to existing loan programs, often crediting late, partial, or deferred payments toward completion of them. “From day one of my administration, I vowed to improve the student loan system so that a higher education provides Americans with opportunity and prosperity — not unmanageable burdens of student loan debt,” Biden said on Friday. “I won’t back down from using every tool at our disposal to get student loan borrowers the relief they need to reach their dreams. ”Some borrowers may be waiting for more tools to emerge.Loan payments did not have to be made during a pandemic-related pause that stretched well over three years before ending last fall.A recent survey found that 60% of borrowers have missed payments since the pause ended, 25% still haven’t made any payments, and 9% are intentionally “boycotting” in hopes of pressuring the government to cancel more debt. “Biden’s latest student loan debt vote-buying scheme comes just days after his Education Department failed its independent financial audit for the second year running,” said Bob Eitel, who helped craft regulations under the Betsy DeVos-led Department of Education. “These bailouts will only encourage more borrowers to renege on their loans, add fuel to the fire of tuition inflation, and punish hardworking Americans who either never went to college or repaid their loans.”    

India for finding solution to food stockholding issue first at WTO; then talk on other agri matters

India would not negotiate any other issue in the agriculture sector till a permanent solution on public stockholding for food grains is found by the WTO members, an official said on Thursday. The issue would prominently figure in the 13th ministerial conference (MC) of the WTO (World Trade Organisation), scheduled from February 26-29 in Abu Dhabi.MC is the highest decision-making body of the 164-member global trade watchdog WTO."The public stockpiling of food grain is the longest pending issue. The promise was made by the members in Bali MC, and then later endorsed by subsequent conferences. "Without that, we will not take part in any discussion on any other issue on agriculture, unless the mandated issue is settled. This is our first ask," the official said.Developed countries have raised flags over India's food security programmes, such as buying rice and wheat from farmers at a government-administered price for distribution through public ration shops. They allege that this public procurement at subsidised rates and storage distorts global agri trade.However, India has maintained they have to protect the interest of poor and vulnerable farmers, besides taking care of the food security needs of a large section of the population.The government provide 5 kilogrammes of free foodgrains per month to around 80 crore poor people, free ration to about 80 crore people under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY). The Covid-19 pandemic has proved the importance of such initiatives. The Geneva-based 164-member multi-lateral body deals with global exports and import-related norms. Besides, it adjudicates trade disputes between the member countries.The official said that taking the ERP at 1986-88 basis will give a distorted picture of the support measures. "In a session on agriculture, we gave a presentation about how the India programme is beneficial and also on the ERP, many delegates were surprised to see the kind of stark comparison in the ERP...what caught their attention was that one burger price is equivalent to 1,000 kg of wheat or rice prices...because ERP is 1986-88 price," the official added.  

AAI to spend ₹5,000 crore on capex annually 

Airport Authority of India (AAI) plans to spend ₹5,000 crore annually on capital expenditure in the coming years with a strong pipeline of projects, AAI chairman Sanjeev Kumar told businessline. While new terminals are being built and airside capacity is being expanded at various airports to handle extra flights, AAI is also working on a roadmap for expansion of Agatti airport in Lakshadweep.   “As against the capex target of ₹ 4,000 Crores in FY 2023-24, AAI till December, 2023 has achieved Capex of ₹ 3,416 crores. We will be surpassing the target of ₹ 4,000 Crores and touching capex of ₹ 5,000 Crores or more,” he said. The authority is building new terminals at airports in Patna, Leh, Vijayawada, Tuticorin and has started construction of new terminal buildings in Jodhpur, Udaipur, Jammu and Rajahmundry.   “We are also adding new terminal building in Hubli, Belagavi and Kadapa Airport. Investment proposals for expanding the capacity of terminals and airside is also in pipeline for Keshod in Gujarat, Agra, Ayodhya Phase-II & Varanasi in Uttar Pradesh, Bagdogra in West Bengal and Darbhanga in Bihar,” he said.  Expansion of Agatti Airport is under discussion with union territory administration of Lakshadweep, ministry of home affairs and other stakeholders.  “We soon expect a roadmap for expansion of Agatti airport,” he added. AAI is also working with partners and stakeholders to finalize research areas at its R&D centre in Begumpet airport in Hyderabad.  Developed at a cost of ₹350 crore, the Civil Aviation Research Organisation (CARO) will serve as a collaborative research platform in air navigation services.    “We have also engaged with our employees and encouraging them to write “problem statements” for the situations faced by them with suggestions for improvement and increasing efficiency. These problem statements would become core of the development of solution by our stakeholders including start-ups either in their own premises or in CARO. We have almost finalized our architecture of processes to populate CARO with an objective to make it vibrant research & Development facility,” Kumar said.  

Introducing the New England DEI Patriots

If racism is America’s original sin, then Democrats and others on the Left are the biblical Babylonians of the 21st century. For a group of people who claim to want racism gone, they wickedly do everything possible to make sure it remains alive — or at least the insinuation of it. Incidentally, this phenomenon is a core tenet of the much-maligned diversity, equity, and inclusion movement often referred to as DEI. At his introductory news conference after being named the new New England Patriots head coach, former NFL player Jerod Mayo garnered significant attention after answering a question from the media about race and being the first black head coach in the team’s history. It was a question asked to Mayo and Patriots owner Robert Kraft. “Let me say this to you: I’m really colorblind in terms of I know what I feel like on Sunday when we lose, and I can just tell you that after my family, my passion is with the New England Patriots, and there’s something else very close second, but winning at the Patriots is my passion,” Kraft said. “I want to get the best people I can get. I chose the best head coach for this organization. He happens to be a man of color. But I chose him because I believe he’s best to do the job.”“Yeah, and Mike T, he reached out. He’s actually from our hometown back in Virginia as well. We haven’t really talked about the challenges. I appreciate Thunder and the organization selecting me to be a black head coach,” Mayo said. “I would say what Thunder just talked about, that was in the locker room. You want your locker room to be pretty diverse, and you want the world to look like that.”  This is a typical answer in the DEI-obsessed society we live in. It’s somewhat silly because diversity really has no impact on whether the Patriots win or lose games. The only thing that matters is the level of play by the players on the team’s roster. However, if diversity is as important as Mayo claims (and I seriously doubt it is), he might want to add significantly more Asian, Latino, white, and Native American players to the roster.And then Mayo said the kind of comment we have become all too familiar with in the race-crazed DEI era. “What I will say, though, is I do see color because I believe if you don’t see color, you can’t see racism. Whatever happens, black, white, disabled person, even someone with disabilities, for the most part, people are like — when they’re young, they kind of make the spot hot. Younger people know what that means,” Mayo said. “But what I would say is, no, I want you to be able to go up to those people and really understand those people. It goes back to whatever it is, black, white, yellow, it really doesn’t matter, but it does matter, so we can try to fix the problem that we all know we have.”  

Amazon Great Republic Day Sale 2024: Best Deals on Power Banks and Wireless Chargers

Amazon Great Republic Day Sale 2024 is live for a few more hours with price cuts on different electronic items. The week-long sale started on January 13 for all Amazon India users. Besides discounts on mobile phones, tablets and laptops, the Great Republic Day Sale brings deals and offers on mobile accessories like power banks and chargers from popular brands. Bank offers are also available that provide additional discounts on a list of devices available through the online marketplace. Further, customers can avail of discounts through coupons.State Bank of India (SBI) customers are eligible to get additional instant discounts of up to 10 percent on purchases made using their cards and EMI options. Amazon is offering bundled offers in the form of exchange and no-cost EMI payment options. Meanwhile, Flipkart is also running a discount sale, which means you should compare prices across both platforms to ensure the best deal.Power banks and wireless chargers from brands like Mi and Ambrane, that will make your travel more convenient and hassle-free, are listed at affordable price tags on Amazon in the Great Republic Day Sale. Xiaomi's Power Bank 3i is currently listed with a price tag of Rs. 1,899, down from Rs. 2,199. Additionally, interested buyers can avail of up to Rs. 300 discount on purchases made via SBI cards and EMI transactions. Amazon Pay ICICI credit card users can avail of Rs. 300 cashback as well. The Xiaomi Power Bank 3i packs a large 20,000mAh lithium polymer battery and supports Quick Charge 3.0. Similarly, Portronics's Freedom Fold 15W wireless charger is available for Rs. 799, down from Rs. 1,999. Below is a list of the best deals and offers on power banks and wireless chargers that you can get during the Amazon Great Republic Day Sale 2024 today. Is the Samsung Galaxy Z Flip 5 the best foldable phone you can buy in India right now? We discuss the company's new clamshell-style foldable handset on the latest episode of Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel.           

Volvo’s 10,000th car in India is its first pure electric offering

Volvo Car India has achieved a significant milestone by producing its ten thousandth car at its Bangalore facility. The company, which began assembly operations in 2017, has seen the highest production of the XC60 model, with over 4000 units produced to date.Jyoti Malhotra, Managing Director of Volvo Car India, in a company statement, revealed that the honour of being the ten thousandth car produced goes to the XC40 Recharge, the company's first pure electric offering.Malhotra said, "It is indeed a matter of pride for the company to have reached this milestone in a short span of time in spite of nearly three years of pandemic disruptions."Gao Feng, Production Head of Volvo Car India, highlighted the plant's achievement of rolling out India's first domestically assembled electric vehicle (EV), the XC40 Recharge. Today, the company assembles all its models in India, including the XC90, XC60, S90, XC40 Recharge, and the recently launched C40 Recharge.Meanwhile, Volvo Car India announced a 2% price increase for its conventional engine vehicles on Monday, while the prices of its EV offerings remain unchanged.Following the price hike, the XC60 is priced at ₹68.9 lakh, the S90 at ₹68.25 lakh, and the XC90 at ₹1,00,89,000.However, the prices of the XC40 Recharge and C40 Recharge remain unchanged at ₹57.9 lakh and ₹62.95 lakh, respectively.    

Tata Punch facelift launch confirmed for 2025

The Tata Punch petrol will see a mid-life facelift sometime next year. Confirming this development on the sidelines of the Punch EV launch, Tata Motors’ Passenger Vehicles Unit MD, Shailesh Chandra, said, “As far as the upgrade of the Punch is concerned, you know that it was launched in October 2021. Typical facelift period is three years. So, we should be expecting a facelift for the ICE version only in mid-2025, or slightly later.” Just like what we’ve seen on the Nexon and Harrier facelifts recently, expect Tata Motors to update the Punch SUV’s styling with fresh design cues to bring it in line with the newer Tata models. Changes to the front bumper and grille, along with minor tweaks to the headlamps and the bonnet can be expected to make the small SUV look new.Like the Nexon and the Nexon EV facelift, there will be styling bits that will help differentiate the petrol-powered Punch from the recently launched Punch EV. What’s more, Chandra also said that the Punch will have feature differences between the petrol and EV versions.   

Renault Bigster global debut later this year

The new Renault Bigster SUV will see a global debut later this year and is expected to go on sale internationally by early 2025. Revealed as a concept in 2021, it is essentially a three-row iteration of the all-new Duster, which made its global debut a few months ago.  Sources have conveyed to our friends at Motor1 Brazil that the Bigster SUV will share its design cues largely with the new Duster and the Bigster concept. Essentially, it will be most likely an elongated version of the Duster, similar to what we see with the Creta and Alcazar in India. There will, however, be styling, tech and equipment differences on the inside and out.  This new SUV from Renault will be around 4.6 metres long – nearly 0.3 metres longer than the new Duster, which measures 4.34 metres. It will get rugged looks and interior bits from the Duster, but there will be more upmarket materials and additional creature comforts to justify the SUV's higher price tag. The Duster currently has a 2,657mm wheelbase, which also could see an increment for the Bigster in order to facilitate easy ingress-egress and more cabin room. As far as the platform goes, the Bigster will share the same CMF-B modular architecture. There isn’t much known about its powertrain options, however, it will be safe to expect that the SUV will share its powertrain line-up with the latest-gen Duster, which comes with three engine options – two of which are electrified.  Starting the proceedings is the 1.6-litre four-cylinder petrol hybrid that gets two electric motors; this engine comes with an automatic gearbox. It also comes with regenerative braking and a 1.2kWh battery, enabling purely electric driving for up to 80 percent of the time in the city.The next engine is the 130hp, 1.2-litre three-cylinder turbo-petrol coupled with a 48V starter motor. While the Duster will also come with a 1.0-litre petrol-LPG option in some markets, there is no diesel option in any market right now. The next engine is the 130hp, 1.2-litre three-cylinder turbo-petrol coupled with a 48V starter motor. While the Duster will also come with a 1.0-litre petrol-LPG option in some markets, there is no diesel option in any market right now.  

Jawa Yezdi Motorcycles eyes ASEAN market for Jawa exports

The company has been exporting Jawa back to the Czech Republic-based JAWA Moto spol. S r.O. The successor to the original JAWA company using the trademark JAWA, which in turn sells the bikes mostly in Eastern Europe and the Czech Republic. Jawa Yezdi Motorcycles plans to start exports of Jawa brand of bikes in ASEAN countries in the next three to four months, a top company official said on Thursday. The company, which launched the new Jawa 350 priced at Rs 2,14,950 (ex-showroom Delhi), is also working to enhance its reach across India, especially in smaller cities targeting to open 750 outlets in the next 24 to 30 months, Jawa Yezdi Motorcycles CEO Ashish Singh Joshi told reporters in an interaction here. The company has been exporting Jawa back to the Czech Republic-based JAWA Moto spol. S r.O. The successor to the original JAWA company using the trademark JAWA, which in turn sells the bikes mostly in Eastern Europe and the Czech Republic. We also sell directly in Nepal and we have already opened operations in the Philippines, which will serve as the hub to sell in other ASEAN countries such as Malaysia, Vietnam and Thailand," Joshi said. This is likely to start in the next three to four months, he said.On export volumes, Joshi said it is not so large considering the company's focus has been on the Indian market.After making a comeback in India in 2018, the company has sold about 2 lakh units in total, out of which nearly 5,000 units have been exported.When asked about domestic plans, Joshi said Jawa Yezdi Motorcycles plans to bring in more models to add to the existing nine products in its stable at present without specifying details. Also, he said the company is on a network expansion journey to widen and deepen its presence across India. "We are looking to increase our outlets to 750 in the next 24 to 30 months from 423 at present," he said, adding that when the company started it was mainly in the metros and major cities.It has gradually entered smaller cities and towns and will continue to do so, while also increasing the number of outlets in cities where it already has a presence to deepen its presence, Joshi added.On the outlook, he said the company is looking at "double-digit" growth this year, having overcome the COVID-19 induced disruptions and supply chain issues."2024 is going to be the year of consolidation for us," he said, adding that the premium motorcycle segment in India has recovered while the entry-level motorcycle segment is also witnessing recovery.  

2024 Bajaj Chetak review, first ride 

Where every other electric scooter in the mainstream has aspired to carve a niche for itself in the market as a futuristic next-generation mobility solution, Bajaj has attempted to authentically replicate an experience in electric with their Chetak. The all-metal body, the rounded design and the minimal technological intervention. All of which meant that up until now the Chetak was left to an ever-diminishing demographic of people familiar with the original Chetak. For 2024, without really making too many big changes, Bajaj has upped their ante and expanded the reach of the updated bike to new demographics with a slight rejig of the equipment list.But before we jump into what's new. Let us talk about the design and build of the new Chetak for a second. The design hasn’t changed from the first generation of the Chetak. The rounded fascia with the round headlamp and the svelte body section set in an all-metal body make for a very premium-feeling scooter. It also gets all LED lighting as standard. However, while the build on the paint and the bodywork do feel premium, the plastics and the body mouldings do seem a little off-brand for the premium electric scooter. Switchgear, though, is a premium touch and feels solid, although we did notice a few times when buttons on the instruments would not respond momentarily. But before we jump into what's new. Let us talk about the design and build of the new Chetak for a second. The design hasn’t changed from the first generation of the Chetak. The rounded fascia with the round headlamp and the svelte body section set in an all-metal body make for a very premium-feeling scooter. It also gets all LED lighting as standard. However, while the build on the paint and the bodywork do feel premium, the plastics and the body mouldings do seem a little off-brand for the premium electric scooter. Switchgear, though, is a premium touch and feels solid, although we did notice a few times when buttons on the instruments would not respond momentarily.  

JLR India launches Discovery Sport 2024 at Rs 67.90 lakh

JLR India today launched the Discovery Sport 2024 in the country at a starting price of Rs 67.90 lakh (ex-showroom). The 2024 model comes with a price cut of Rs 3.49 lakh over the 2023 model.The Discovery Sport 2024 is available in Dynamic SE with two engine options - 2.0-litre petrol (245hp and 365Nm) and 2.0-litre Ingenium diesel (201hp and 430Nm). Both engines are mated to an automatic transmission. The new Discovery Sport gets subtle exterior updates. There is a contrast roof and exterior accents, including Discovery script, grille, lower body sills and lower bumpers, all having a distinctive Gloss Black finish. There is Gloss Black front claw detailing on the bumpers and wheel arches. There are 19-inch diamond-cut alloys. The SUV also gets a new Varesine Blue exterior paint option.JLR India today launched the Discovery Sport 2024 in the country at a starting price of Rs 67.90 lakh (ex-showroom). The 2024 model comes with a price cut of Rs 3.49 lakh over the 2023 model. JLR India today launched the Discovery Sport 2024 in the country at a starting price of Rs 67.90 lakh (ex-showroom). The 2024 model comes with a price cut of Rs 3.49 lakh over the 2023 model.The new Discovery Sport gets subtle exterior updates. There is a contrast roof and exterior accents, including Discovery script, grille, lower body sills and lower bumpers, all having a distinctive Gloss Black finish. There is Gloss Black front claw detailing on the bumpers and wheel arches. There are 19-inch diamond-cut alloys. The SUV also gets a new Varesine Blue exterior paint option.You now get a digital instrument cluster and steering wheel-mounted gearshift paddles as standard, while the redesigned centre console boasts a new floating 11.4-inch curved glass touchscreen. The latest Pivi Pro infotainment set-up features permanently accessible sidebars, which provide shortcuts to key vehicle controls and functions, such as media, volume, climate and navigation. There is a panoramic glass roof as well.The SUV has wireless Apple CarPlay and Android Auto as standard and a wireless charger. A natural shadow oak trim finisher surrounds a new gear shifter. Discovery Sport Dynamic SE features DuoLeather interiors with up to two colour options.    

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