The construction of the long-awaited new parliament building, as part of the Central Vista redevelopment project, is entering its final stages. With Prime Minister Narendra Modi laying the foundation stone two years ago, the new building is poised to become a symbol of India’s progress and heritage. As preparations intensify, speculations arise regarding the inauguration date, possibly around May 30, which marks the completion of nine years in power for the current BJP government.New parliament building, Central Vista redevelopment, inauguration date The new parliament building, set to be completed by the end of this month, is undergoing meticulous final touches.…
Author: Mohit Singh
Mohit Singh
Mohit Singh is an accomplished content writer with extensive experience in the startup industry. As a vital member of the Startup Insider team, Mohit brings his exceptional writing skills to deliver engaging and informative content to our readers.
Senior executives from Tesla, the renowned US-based electric vehicle (EV) manufacturer, are set to embark on a crucial trip to India this week. According to a report on Tuesday, the purpose of their visit is to meet with government officials and discuss potential opportunities for local sourcing of components for Tesla’s models. This move aligns with Tesla’s strategy to diversify its operations beyond China, highlighting the company’s interest in expanding its presence in one of the world’s largest automobile markets. Tesla’s Objectives and Past Challenges The visiting delegation, consisting of C-suite executives, as well as managers from Tesla’s supply chain,…
Leading telecommunications company Bharti Airtel has announced its financial results for the quarter ending on March 31, displaying substantial growth in both revenue and net profit. With a 14.3% increase in revenue compared to the same quarter in the previous year, Bharti Airtel continues to solidify its position in the Indian telecom market. This article provides an overview of the company’s financial performance, including key highlights and market insights. Bharti Airtel’s Revenue Growth: Bharti Airtel witnessed a significant surge in revenue, with a remarkable 14.3% rise to reach Rs 36,009 crore for the quarter ending March 31, 2023. In comparison…
Indian actor Suniel Shetty has partnered with a new food delivery app called Waayu, serving as both brand ambassador and investor. Waayu aims to provide customers with affordable and timely food from hotels and restaurants in Mumbai. The app claims to be 15% to 20% less expensive than competitors Swiggy and Zomato and aims to address persistent problems with current online food delivery services such as high commissions, unfair rankings, and negative reviews. Founded by Anirudha Kotgire and Mandar Lande of Destek HORECA, Waayu aims to help hotels and restaurants log orders for food delivery without incurring any commission. The…
Real estate firm Godrej Properties is set to acquire multiple land parcels in the current fiscal year with sales revenue potential of around Rs 15,000 crore after development. Last fiscal year, the company added 18 new land parcels with a sales potential of Rs 32,000 crore post-development. In an interview with PTI, Godrej Executive Chairman Pirojsha Godrej said the company will continue to add new land parcels for future developments but will scale down the pace compared to last year, which was an exceptional year. The company aims to achieve a new business development guidance of Rs 15,000 crore for…
The Indian Olympic Association (IOA) has taken charge of all the activities of the Wrestling Federation of India (WFI) amidst allegations of sexual harassment against the former WFI chief, Brij Bhushan Sharan Singh. The country’s top wrestlers, including Bajrang Punia, Sakshi Malik, and Vinesh Phogat, have been protesting for the last 22 days at Jantar Mantar, demanding justice for the alleged sexual harassment of women wrestlers. In response to their protests, the IOA has dissolved the current WFI office bearers and asked the secretary general to hand over official documents, including financial instruments, to its ad-hoc panel. The First Step…
India has been instrumental in aiding Kazakhstan’s peacekeeping activities. The country, which is the largest in Central Asia, is involved in UN peacekeeping missions, aiming to prevent armed conflicts around the world. Since 2002, the International Day of United Nations Peacekeepers is celebrated worldwide on May 29th to recognize the contributions of peacekeepers serving under the UN flag. India has been assisting Kazakhstan’s peacekeeping efforts since 2018. The Central Asian country had expressed its interest in deploying peacekeeping troops to UN missions. Kazakhstan also wanted to improve its peacekeeping capabilities to meet international standards. India, which has been contributing to…
Wall Street faces its longest profit downturn in seven years as the US economy braces for recession. The earnings of S&P 500 companies have dropped an average of 3.7% compared to last year. Despite 78% of firms surpassing expectations, this is less impressive than it sounds since analysts had set a low bar. This suggests a longer-lasting profit downturn than during the pandemic. The last earnings drop of over 75% occurred in 2015 to 2016 when the Federal Reserve began its last interest rate hike cycle. Consequently, the S&P 500 index has not posted any gains since the earnings season…
Austin Russell, the 28-year-old Chairman and CEO of Luminar Technologies, has purchased an 82% share in Forbes Global Media Holdings, the publisher of Forbes magazine, in a deal worth almost $800 million. The remaining interest in the business is owned by the Russell family, after its namesake family sold 95% of it to Forbes proposes to establish a new board of American media, technology, and artificial intelligence specialists while retaining one board position for Integrated Whale. According to a statement released on Friday, Russell will not be involved in the day-to-day operations of Forbes but will instead act as a…
In recent news, Elon Musk announced on Thursday that X Corp., which is now known as Twitter, has appointed a new CEO. Although the name of the new CEO was not provided, it has been confirmed that she will begin her new role in approximately six weeks. Musk has previously stated that he is not the long-term CEO of the company since he purchased Twitter last autumn and has been operating it since. He tweeted on Thursday that he will now serve as Twitter’s executive chairman and chief technical officer. This announcement comes after more than six months of Musk…