The World Opinion

Category: Economy

  • Air India And Tata Advanced Systems Set To Invest Rs 2,300 Crore In Karnataka | Companies News

    New Delhi: The Karnataka state government revealed that Tata Group subsidiaries Air India and Tata Advanced Systems Ltd (TASL) intend to invest Rs 2,300 crore in the state. These projects are anticipated to generate job opportunities for 1,650 individuals on Monday.

    As per the memorandum of understanding (MoU) that has been signed, Air India will establish a facility for aircraft maintenance, repairs, and overhaul at the Bengaluru airport. This project requires an investment of approximately Rs 1,300 crore and is expected to create jobs for 1,200 individuals. (Also Read: Bhavish Aggarwal Visits Hindu Mandir In Abu Dhabi, Shares Pics; Says ‘India Will Rise As A Vishwaguru’)

    Tata Advanced Systems, known for producing doors for Airbus’s A320neo planes plans to establish manufacturing and research & development facilities in Karnataka. The company will invest in three projects near Bengaluru Airport and in Kolar, totaling Rs 1,030 crore. (Also Read: GPT Healthcare IPO: Check Price Band, Subscription, Allotment & Listing Dates)

    These projects include a passenger to freighter aircraft conversion facility (Rs 420 crore), a gun manufacturing facility (Rs 310 crore), and aerospace & defence research and development in Karnataka (Rs 300 crore). These initiatives are anticipated to create job opportunities for 450 individuals.

    Karnataka Chief Minister Siddaramaiah and state Large and Medium Industries Minister M B Patil attended the MoU signing ceremony. Patil emphasized the importance of streamlined government support for such projects, including clearances, approvals, and interventions. He assured assistance in resolving any issues related to the implementation of the projects.

    S. Selvakumar, Principal Secretary of the Karnataka Industries Department along with Nipun Agrawal, Chief Commercial Officer of Air India and Sukaran Singh, CEO of TASL, participated in the exchange of the MoU.

    Chief Secretary to the Karnataka Government, Rajneesh Goyal; Additional Chief Secretary to Chief Minister L.K. Atiq; Commissioner of Industries Department Gunjan Krishna; Air India top officials Manan Chauhan, Karthikeya Bhat, and Atul Shukla; TASL top officials Guru Dattatreya and Arjun Maine; Bangalore International Airport Managing Director Hari Marar, COO Satyaki Raghunath, and CFO Bhaskar Ravindra attended the event.

    The Tata Group’s investment plan for Karnataka follows closely after their announcement of a Rs 15,000 crore investment in Telangana. Additionally, the Tata Group is planning to establish a semiconductor fabrication plant in Gujarat.

    Investments in states are increasing due to the Modi government’s Atmanirbhar policy, which emphasizes self-reliance and encourages collaborations between Indian companies and high-tech foreign firms. Consequently, there is also a rise in foreign direct investment (FDI) flowing into the country. (With IANS Inputs)

  • Bhavish Aggarwal Visits Hindu Mandir In Abu Dhabi, Shares Pics; Says ‘India Will Rise As A Vishwaguru’ | Companies News

    New Delhi: Bhavish Aggarwal, the founder and CEO of Ola, recently shared pictures from his visit to the renowned Hindu Temple in the United Arab Emirates (UAE). Aggarwal captured moments from the grand celebration at the Bochasanwasi Shri Akshar Purushottam Swaminarayan Sanstha (BAPS) temple, fondly referred to as the “Lotus of the Desert”.

    Celebrating Spirituality

    Describing the temple as a “true symbol of spirituality”, Aggarwal expressed his humility and honor at being part of the festivities. (Also Read: Nothing CEO Carl Pie Became ‘Carl Bhai’ In Twitter Bio, But Why So?)

    Visiting and speaking at the @BAPS Hindu Mandir in Abu Dhabi was a life memory for me.

    It is such a historic moment of two civilisations coming together and thankful to be there to witness it pic.twitter.com/rfHh8x4eJ3
    — Bhavish Aggarwal (@bhash) February 18, 2024

    He highlighted the temple’s significance as a beacon of peace and harmony, reflecting on India’s ancient traditions that emphasize oneness with the universe and divine presence in all aspects of life. (Also Read: Google Offers 300% Salary Hike To Retain Employee; Read More)

    Attire And Interactions

    During his visit, Aggarwal donned traditional attire and posed in front of the temple, capturing the essence of the spiritual ambiance. He also had the opportunity to interact with the temple priests, further immersing himself in the spiritual experience.

    Humbled and honoured to be a part of the grand celebration at the Lotus of the Desert, the @BAPS Hindu Temple in Abu Dhabi. It is a true symbol of spirituality and universal ethos of peace and harmony.

    Our ancient Indian traditions have always understood that you do not just… pic.twitter.com/ZmZYOo5or6


    — Bhavish Aggarwal (@bhash) February 17, 2024

    Vision for India and World Harmony

    In his reflections, Aggarwal expressed confidence in India’s potential to emerge as a global leader in promoting inclusivity and harmonious development.

    He underscored the importance of young Indians embracing their dharma (duty) to contribute to a world marked by unity and cooperation.

    Historic Moment

    Aggarwal also shared his appreciation for speaking at the BAPS Hindu Mandir, describing it as a significant moment of cultural exchange and historical significance.

    The temple, inaugurated by Prime Minister Narendra Modi on February 15, represents a milestone in the harmonious coexistence of different civilizations.

    About BAPS Mandir

    The BAPS Mandir stands as the first traditional Hindu stone temple in the UAE, occupying a sprawling 27-acre area in Abu Dhabi’s Abu Mureikhah district.

    Its inauguration ceremony, celebrated as the “Festival of Harmony”, marks a momentous occasion in promoting cultural understanding and spiritual unity.

  • AirAsia To Start Direct Flight Service From Thiruvananthapuram To Kuala Lumpur

    AirAsia Berhad will be operating the Thiruvananthapuram-Kuala Lumpur service with an Airbus 320 aircraft with a capacity of 180 passengers.

  • Braithwaite Secures Rs 180 Crore Order From Railways To Supply 500 Wagons

    The company is working hard to increase the total order pipeline, which stood at Rs 1,734 crore as of December 2023.

  • Not Neeta Ambani, This Woman Donated 110 Crores Last year; Read The Inspiring Story | Companies News

    New Delhi: Renowned for their immense generosity, Shiv Nadar, Azim Premji, and Mukesh Ambani stand as pillars of philanthropy in India. Their enduring presence on the list of the country’s most charitable individuals speaks volumes about their dedication to giving back to society.

    Alongside these illustrious names, Susmita and Subroto Bagchi, a couple equally committed to making a difference have consistently earned recognition on the prestigious Hurun India Philanthropy List. 

    India’s most generous individuals

    According to the EdelGive Hurun India Philanthropy List 2023, Susmita and Subroto Bagchi rank sixth among India’s most generous individuals. The couple donated over Rs 110 crores last year. While this is a substantial sum, it is notably less than the Rs 213 crores donated by Susmita Bagchi alone the previous year. Despite their significant contributions to societal welfare, Susmita Bagchi prefers to remain out of the public eye. (Also Read: Braithwaite Secures Rs 180 Crore Order From Railways To Supply 500 Wagons)

    Personal Life and Journey

    Susmita Bagchi was born in Cuttack and she is the daughter of the renowned Odia writer Sakuntala Panda. Following in her mother’s footsteps, Susmita became a well-known author in Odia literature and established the monthly women’s magazine, Sucharita. (Also Read: RVNL’s Order Book Touches Rs 65,000-Cr Mark; Aims To Add Foreign Projects)

    After completing her post-graduation in political science she briefly worked as a lecturer at Delhi University. Susmita met her future husband, Subroto Bagchi at the age of fifteen and they got married four years later.

    Literary Debut

    Susmita’s literary debut was also featured in the magazine. Just like her mother, Susmita ventured into the field of literature. Apart from her role as a co-founder of Mindtree and a social reformer, Susmita Bagchi is recognized as a skilled writer. She has authored a travelogue, numerous collections of short stories, and five novels, writing in both English and Odia.

    Philanthropic Contributions

    In 2022, Susmita and Subroto Bagchi, along with Radha and N S Parthasarathy as well as other co-founders and philanthropists from Mindtree contributed a combined total of Rs 213 crore towards advancing healthcare. The following year, in 2023, the couple donated Rs 110 crore.

    Susmita suggests that individuals or families facing mental health challenges will relate to the protagonist of her first English novel, who is a psychiatrist. Her audience appreciates her writing because it is easy to understand and resonates with their own experiences.

  • WATCH: Man Turns Plane Into Luxurious Villa; Viral Video Amazes Anand Mahindra | Companies News

    New Delhi: Renowned business tycoon Anand Mahindra recently took to social media platform X to share a fascinating video showcasing an extraordinary property — a plane transformed into a luxurious villa. Along with sharing the video, Mahindra added his trademark wit, expressing a humorous concern regarding the unique accommodation.

    Mahindra’s Amusement

    In his post, Mahindra marveled at the ingenuity of developer Felix Demin, who converted a retired plane into a two-bedroom villa, complete with a swimming pool. (Also Read: Want To Save Money On Taxed Income? Check THESE 5 Tax-Saving Instrument)

    While praising Demin’s boundless imagination, Mahindra humorously pondered the potential “jet lag” post-stay, indicating his amusement and intrigue towards the unconventional lodging option. (Also Read: ICICI Revises Fixed Deposit Rates: Check Latest Interest Rate For Different FD Tenures)

    Some people are fortunate enough to be able to turn their fantasies into reality.

    And this chap doesn’t seem to impose any constraints on his imagination!

    I’m trying to figure out whether I’d ever be interested in booking a stay here but I’m a bit worried about jet lag post… pic.twitter.com/LhH2Rtn5Ht
    — anand mahindra (@anandmahindra) February 17, 2024

    The Captivating Video

    The shared video provides a tour of the villa, with Demin showcasing its luxurious amenities and unique features. From spacious interiors to lavish furnishings, the converted plane villa offers an unparalleled experience for its guests.

    User Reactions On X

    Mahindra’s post garnered significant attention on X, accumulating over 4.5 lakh views and nearly 4,900 likes within a day. X users expressed their admiration for the unusual villa, with comments ranging from awe to appreciation for the innovative concept.

    X users shared their thoughts on the villa, with many expressing admiration for its uniqueness. Comments included praises such as “This is awesome,” and “Just one word – Amazing,” highlighting the widespread appreciation for Demin’s creation.

    About Luxury Villa

    Located on a clifftop near Nyang-Nyang beach in Bali, Felix Demin’s converted Boeing 737 villa offers a luxurious retreat for travelers seeking a unique experience. According to CNN, the tariff for the villa starts from around $7,000, reflecting the exclusivity and luxury it offers to its guests.

  • 4 New IPOs To Hit Market This Week; Check Full Details Of Upcoming Initial Public Offerings | Markets News

    New Delhi: The Indian stock market has maintained its upward momentum throughout the week, with the BSE Sensex posting an increase of 1.42 percent over the last five trading sessions. Analysts are optimistic about the market’s performance in the coming week. The week is driven by the launch of four IPOs and the listing of seven companies.

    Here is the list of IPOs scheduled to debut next week and its details: (Also Read: Tax Season Is Here! Know Difference Between Income Tax (ITR) Return And TDS)

    GPT Healthcare IPO

    GPT Healthcare, a Kolkata-based mid-size multispeciality hospital chain operating under the brand name ILS Hospitals, is also set to enter the market with its IPO. (Also Read: LIC Introduces New Plan For Children; Check Key Features, Eligibility, Maturity And Other Benefits)

    GPT Healthcare IPO: Opening And Closing Date

    The initial public offerings of the company are scheduled to open on February 22 and close on February 26.

    GPT Healthcare IPO: Price Band

    The pricing details for GPT Healthcare’s IPO are yet to be announced.

    GPT Healthcare IPO: Objective

    However, the company intends to raise Rs 40 crore through fresh issue shares.

    Zenith Drugs IPO

    Zenith Drugs is gearing up for its IPO launch in the SME segment.

    Zenith Drugs IPO: Opening And Closing Date

    The issue is all set to open on February 19 and close on February 22.

    Zenith Drugs IPO: Price Band

    The issue is priced at Rs 79 apiece at the upper price band.

    Zenith Drugs IPO: Lot Size

    Zenith Drugs’ IPO offers a lot size of 1600 shares. 

    Deem Roll Tech IPO

    Deem Roll Tech, a manufacturer of alloy steel and cast iron products, will join the IPO fray in the SME segment next week.

    Deem Roll Tech IPO: Opening And Closing Date

    The public offer commences on February 20 and concludes on February 22.

    Deem Roll Tech IPO: Price Band

    The IPO is set to hit the market with each share priced at Rs 129.

    Deem Roll Tech IPO: Fund Raise

    Deem Roll Tech aims to raise approximately Rs 29 crore.

    Upcoming Listings

    In addition to the IPOs, seven companies are supposed to make their stock market debut through listings in the coming weeks.

  • Lost Your Aadhaar Card? Follow Step-by-Step Guide To Getting A Duplicate Online | Personal Finance News

    New Delhi: The Aadhaar card, issued by the Unique Identification Authority of India (UIDAI) on behalf of the Government of India, stands as a pivotal document for personal identification and address proof across the nation.

    With its 12-digit individual identification number, it holds immense significance in various governmental and financial transactions. However, misplacing or losing this crucial document can pose inconveniences and worries. In such instances, acquiring a duplicate Aadhaar card becomes imperative to maintain access to essential services and benefits. (Also Read: LIC Introduces New Plan For Children; Check Key Features, Eligibility, Maturity And Other Benefits)

    To request a duplicate Aadhaar card online, you must adhere to the following procedure:

    Step 1:Visit UIDAI Website 

    Go to the official website of the Unique Identification Authority of India (UIDAI).

    Step 2: Access Aadhaar Services

    On the UIDAI website, look for the “Aadhaar Services” section. It may be found in the main menu or under a drop-down menu.

    Step 3: Retrieve Lost UID/EID

    Look for the option “Retrieve Lost UID/EID”. This will take you to the page where you can request a duplicate Aadhaar card.

    Step 4: Choose Information Type

    On the “Retrieve Lost UID/EID” page, select the option that applies to you. You can choose either “Aadhaar Number (UID)” or “Enrollment Number (EID)” depending on what information you have available.

    Step 5: Provide Personal Details

    Enter the necessary information, such as your full name, registered mobile number or email address, and the security code displayed on the page. Provide any additional details requested, such as your registered address or date of birth.

    Step 6: Request OTP

    After filling in the details, click on “Send OTP”. You will receive a One-Time Password (OTP) on your registered mobile number or email address. Enter the OTP in the designated field on the webpage.

    Step 7: Verify OTP and Captcha

    Once you enter the OTP, enter the ‘Captcha Code’ and click on ‘Submit’

    Step 8: Receive Aadhaar Number

    After the OTP verification, you will receive your Aadhaar number (UID) on your registered mobile number or email address, depending on the option you chose earlier. A confirmation message will also appear on the screen

  • FPI Selling Stands At Rs 29,519 Crore For This Year

    In February through 16th, FPIs had sold equity worth Rs 6112 crores through the exchange. 

  • Paytm Partners With Axis Bank For Merchant Payments Settlement; Read Details | Companies News

    New Delhi: One97 Communications (OCL), the parent company of Paytm, has announced a strategic move to shift its nodal account to Axis Bank from Paytm Payments Bank. This decision comes in response to the Reserve Bank of India’s (RBI) directive to terminate its nodal account with Paytm Payments Bank by February 29, citing persistent non-compliance and supervisory concerns.

    What OCL Revealed In Exchange Filing?

    In an exchange filing, OCL revealed that the transition to Axis Bank aims to ensure continuity and seamless settlements for merchants. (Also Read: RBI Gives 15-Day Relaxation To Paytm: Check What You Can Do And What Can’t)

    A nodal account plays a crucial role for intermediaries like Paytm, as it holds funds on behalf of customers and vendors. With this shift, OCL aims to maintain smooth operations and enhance balance flow. (Also Read: Techie, With Rs 43 Lakh Salary, Seeking Job Where He Can Get High-Protein Food; Viral Story Amazes Netizens)

    Axis Bank Partnership

    Paytm Payment Services Ltd (PPSL), a wholly-owned subsidiary of OCL, has been utilizing Axis Bank’s services since its inception. This pre-existing partnership adds to the confidence in the transition process.

    An official from Axis Bank emphasized that the new arrangement will facilitate the flow of money through the nodal account, reinforcing the commitment to efficient financial transactions.

    RBI’s Directive And Deadline Extension

    The RBI had initially ordered the termination of OCL and PPSL’s nodal accounts maintained by Paytm Payments Bank by February 29, due to compliance issues and supervisory concerns. However, the central bank extended the deadline till March 15 for the payments bank to halt new deposits or credit transactions.

    Impact On Merchants

    In its FAQ, the RBI clarified that merchants using Paytm’s services can continue accepting payments through QR codes, soundboxes, or point-of-sale terminals even after March 15, provided their accounts are linked to banks other than Paytm Payments Bank.

    However, merchants linked to Paytm Payments Bank will only be able to receive refunds or cashback, with no other credit transactions allowed.

    According to Paytm’s earnings presentation for the third quarter of the financial year 2024, the company has over 10.6 million soundboxes and point-of-sale devices deployed in the market, underlining its significant presence in the payment solutions sector.