Must Read News

India’s Service Sector PMI Hits 61, Signifying Robust Sales Growth

In September, India’s services sector displayed a robust growth trajectory, driven by heightened demand leading to increased output and sales. The S&P Global India Services Purchasing Managers’ Index (PMI) climbed from 60.1 in August to 61 in September, following readings of 62.3 in July, 58.5 in June, and 61.2 in May. A PMI score above 50 signifies expansion, and this trend has been consistent since August 2021, marking its longest such stretch since August 2011. Mrs. Pollyanna De Lima, Economics Associate Director at S&P G ..... Read More

Indian fintechs secure 68% more funds, $436M in Q3CY23: Tracxn

A recent report by Tracxn highlights significant developments in the Indian fintech sector during the third quarter of the calendar year. Fintech companies in India managed to secure a substantial funding amount of US$436 million, marking a remarkable 68% surge from the US$259 million raised in the preceding quarter. However, a year-on-year comparison reveals a contrasting picture, with funding declining by 55% from the US$967 million raised in Q3CY22. This decline in overall funding is partially offset by a notable increase in late-stage fundi ..... Read More

Is PM SVANidhi a game-changer for Indian street vendors?

The Prime Minister Street Vendor’s AatmaNirbhar Nidhi (PM SVANidhi) scheme, launched in July 2020, has significantly boosted consumption in India’s urban areas. Over 6.6 million street vendors have benefited from the scheme, with more than 40 percent being women. The microcredit facility of Rs 10,000 has served as essential working capital, enabling vendors to expand their businesses and increase their income, while also promoting financial inclusion and digitization. Although many vendors initially faced challenges in accessing loans due ..... Read More

Richa Chadha and Ali Fazal Offer Sneak Peek of Wedding Documentary

Bollywood stars Richa Chadha and Ali Fazal are preparing to unveil a sneak peek of their wedding documentary, titled “RiAlity,” this month. This holds great significance for the couple, as it coincides with the one-year anniversary of their extravagant wedding festivities spanning Delhi, Lucknow, and Mumbai. Known for their unconventional roles in films, Richa Chadha and Ali Fazal have a devoted fan base, and their wedding updates received immense love. Their distinctive personalities and fearless approach to life and artistry often ..... Read More

Bikash Pal becomes Royal Academy of Engineering fellow

Bikash Pal, of Indian origin, stands among five professors from Imperial College London who have gained election as fellows of the Royal Academy of Engineering. These recent additions increase the count of Imperial Fellows to 109, spread across 12 departments. Within Imperial’s Department of Electrical and Electronic Engineering, Pal serves as a professor specializing in power systems. His pioneering work delves into power system stability, control, and computation. Presently, he leads a UK-China research consortium, ROSES, focused on sustaina ..... Read More

Chandrayaan-3’s Moon ‘hop experiment’ surprises ISRO

The Chandrayaan-3 spacecraft accomplished its mission goals on the Moon, but the Vikram lander’s surprising ‘hop experiment’ garnered attention from the Indian Space Research Organisation (ISRO), as reported by Hindustan Times. This experiment involved an unplanned return to the lunar surface on command, hinting at new possibilities for future moon missions. One of the major challenges faced by the ‘Vikram and Pragyan’ duo was reactivating after enduring frigid temperatures as low as -200 degrees Celsius. The hope was that if the onboard instr ..... Read More

Vivek Ramaswamy, Indian-American billionaire, seeks nanny, $100,000 salary.

Vivek Ramaswamy, a US presidential hopeful of Indian origin, is reportedly searching for a nanny to care for his two children. A recent job listing on EstateJobs.com indicates he’s offering a substantial salary of approximately over Rs 80 lakh (around $100,000 USD). The job listing highlights that the family leads an adventurous and fast-paced lifestyle, offering a unique opportunity for the nanny to participate in their distinctive family experiences. The role demands 84 to 96 hours of work per week with one week off, necessitating coordinati ..... Read More

OpenAI CEO Supports Teen-Led Indian AI Startup

Image : linkdin Induced AI, an emerging startup specializing in enterprise AI automation, recently achieved a significant milestone by securing $2.3 million in a recent funding round. This funding round attracted notable investors within the industry. One of the prominent figures in this investment was Sam Altman, a co-founder of OpenAI, who played a pivotal role by contributing his extensive knowledge and experience. Other key participants in this funding round included Peak XV, SV Angel, Signalfire, Superscript, IDEO Colab Ventures, Human C ..... Read More

Ubiquigent Names Chemistry Head

Ubiquigent Limited, a UK-based drug discovery and development company, has appointed Dr. Rishi Shah as Head of Chemistry. Dr. Shah will oversee the company’s internal drug discovery efforts and strategic collaborations in the field of deubiquitinase (DUB) research. Jason Mundin, CEO of Ubiquigent, highlighted the significance of Dr. Shah’s appointment, emphasizing his nearly a decade of experience in heterobifunctional design and biological assay development. Dr. Shah’s expertise will play a critical role in advancing both internal and partner ..... Read More

5 Million Street Vendors Benefit from PM SVANidhi Scheme

Image : pm street vendors atmanirbhar nidhi pm svanidhi The Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) scheme, an initiative of the Ministry of Housing and Urban Affairs (MoHUA), has achieved a remarkable milestone by extending assistance to more than 5 million street vendors nationwide. According to the central government, close to 5 million street vendors have availed loans amounting to INR 8600 crore (USD 1.03 billion) under a micro-credit scheme launched in 2020 to support them in coping with the challenges posed by th ..... Read More

Indian Government Launches National Turmeric Board to Boost Industry

The Government of India officially established the National Turmeric Board on October 4, 2023, with a primary focus on the advancement and enhancement of the turmeric industry within the country. The National Turmeric Board will play a leading role in all aspects related to turmeric, intensify its efforts, and promote stronger collaboration with organizations like the Spices Board and various governmental bodies to foster growth and development in the turmeric sector. One of the key objectives of the Board is to capitalize on the significant ..... Read More

Vivek Ramaswamy Defends Chaos Post McCarthy’s Ouster

Twitter : @VivekGRamaswamy The removal of U.S. House Speaker Kevin McCarthy on October 3, orchestrated by far-right Republicans, triggered a wave of reactions from lawmakers. McCarthy faced removal with every Democrat in the chamber voting against him, joined by eight Republicans: Andy Biggs, Ken Buck, Tim Burchett, Eli Crane, Matt Gaetz, Bob Good, Nancy Mace, and Matt Rosendale, resulting in a 216-210 vote. Vivek Ramaswamy, a GOP presidential primary contender, addressed the situation in a video message posted on X (formerly Twitter). In the ..... Read More

Putin Praises PM Modi: A Very Wise Leader

Russian President Vladimir Putin has expressed admiration for Prime Minister Narendra Modi’s leadership, describing him as a “very wise man” during an event. Putin highlighted the significant progress India has achieved under Modi’s guidance, emphasizing the positive political relations between the two countries. He stated that India’s development aligns with the interests of both India and Russia, fostering cooperation on various agendas. Putin’s praise follows the G20 Summit in India, where the New Delhi Declaration was adopted. This declara ..... Read More

Karan Johar Unveils Koffee With Karan 8: ‘My Own Konscience Wants to Troll Me Too!’

Facebook : @Karan Johar Karan Johar is set to return with a fresh, more candid, and edgier season of “Koffee with Karan,” starting on October 26. This season promises to dive deeper into conversations beyond weddings and airport fashion. Karan aims to reveal the humorous and unfiltered sides of his celebrity guests, and a promo has already dropped, hinting at exciting new guests. Shah Rukh Khan expressed his anticipation for the upcoming season. In this eighth season, expect discussions that push boundaries, bring out candid revelations, and ..... Read More

Neeraj Chopra Claims Gold, India’s Tally Reaches 81 Medals

Twitter : @Neeraj_chopra1 On the 11th day of the ongoing Asian Games 2023 in Hangzhou, India secured gold in the compound archery mixed team final. Jyothi Surekha Vennam and Pravis Ojas Deotale’s outstanding performance not only earned India the gold but also surpassed their previous best Asiad medal tally. Their current tally stands at 81, a significant improvement from their 2018 Jakarta record of 70 medals. Additionally, India clinched bronze in the 35km race walk mixed team final. In boxing, Lovlina Borgohain secured silver in the women’s ..... Read More

Jaishankar Praised as ‘Architect’ of Strong US-India Ties by Top Biden Officials

Twitter : @DrSJaishankar S. Jaishankar, the External Affairs Minister of India, recently concluded an 8-day visit to the United States, earning praise from top officials of President Joe Biden’s administration. During a special reception hosted by India’s Ambassador to the US, Taranjit Singh Sandhu, in honor of Jaishankar, President Biden himself hailed Jaishankar as the “architect” of modern US-India relations. The event drew the attendance of notable figures from the Biden administration, including US Surgeon General Vivek Murthy, Deputy Sec ..... Read More

5G Boost: India Climbs 72 Places in Global Mobile Speed Ranking

India’s entry into 5G technology has significantly boosted mobile download speeds, propelling the nation to the 47th position in the Speedtest Global Index, ahead of countries like Japan, the UK, and Brazil, according to Ookla. India’s speed performance has increased 3.59 times since the introduction of 5G, marking it as a remarkable advancement. In this global ranking, India surpassed not only its neighboring countries but also some G20 nations, such as Mexico, Turkey, the UK, Japan, Brazil, and South Africa. The introduction of 5G technology ..... Read More

Sanjay Dutt’s Cryptic Tweet Fuels Speculation About Munna Bhai 3

Twitter : @duttsanjay Sanjay Dutt, a highly regarded Bollywood actor known for his iconic portrayal of Munna Bhai in the beloved films “Munna Bhai M.B.B.S” and “Lage Raho Munna Bhai,” has fans wondering about the possibility of “Munna Bhai 3.” Despite persistent speculation, there has been no official confirmation of a third installment in the series. However, Sanjay Dutt recently stoked excitement among fans when he took to X (formerly Twitter) on October 2nd to share a promotional clip for Vidhu Vinod Chopra’s upcoming drama film, “12th Fai ..... Read More

Indian Railways records 758.20 MT of freight transported during the initial two quarters of 2023.

From April to September 2023, a total freight loading of 758.20 million tonnes (MT) was achieved, marking a significant increase of approximately 21.52 MT compared to the previous year when it was 736.68 MT. This boost in freight loading also resulted in higher revenue for the Railways, with earnings reaching Rs. 81,697 crore (US$ 9.81 billion) in contrast to the previous year’s Rs. 78,991 crore (US$ 9.49 billion), indicating a rise of around Rs. 2,706 crore (US$ 235.23 million) during the same period compared to the previous year. In Septembe ..... Read More

India Shines Bright at Hangzhou Asian Games: Historic Gold and Silver Wins

On October 3, the tenth day of the Asian Games came to a close with India adding eight more medals to its collection. Notably, Indian athletes Annu Rani and Parul Chaudhary achieved a historic milestone by winning the country’s first-ever gold medals in women’s javelin throw and women’s 5000m events, respectively. Annu Rani achieved gold with a remarkable throw of 62.92 meters, marking her second Asian Games medal, having previously won bronze at the 2014 Asian Games. In the women’s 5000m final, Parul Chaudhary secured gold by crossing the fin ..... Read More

Donald Trump sends Nikki Haley birdcage; her reaction: “It means we are in…”

Twitter : @NikkiHaley Nikki Haley, a Republican candidate for the 2024 US Presidential elections, made headlines when she reported receiving a birdcage and bird food in her hotel room courtesy of the Trump Campaign, as per The Hill and ANI. Taking to the social media platform X (formerly Twitter), Haley shared an image of the birdcage and a bag of food on October 1, accompanied by a sign that read “From: Trump Campaign.” In her social media update, she commented, “Following a day of campaigning, this is the surprise I found in my hotel room… ..... Read More

Indian-American Achievements Shine in the US: Insights from Biden’s Neera Tanden

Indian-Americans have gained prominence in the United States, with many holding key positions in the current administration led by President Joe Biden. Neera Tanden, Director of the United States Domestic Policy Council, emphasized the strong relationship between the Indian-American community and the government during an event at India House, the official residence of India’s Ambassador to the US. Tanden highlighted the substantial growth of Indian-American representation in Washington over the years, noting that Indian Americans now occupy ro ..... Read More

BPGbio Appoints Dr. Vijay Modur as Chief Medical Officer

Dr. Vijay Modur has assumed the role of Chief Medical Officer (CMO) at BPGbio, an AI-powered biopharma company based in Massachusetts. His primary responsibility is to advance the company’s ongoing clinical trials. Dr. Modur expressed his excitement about joining BPGbio and highlighted the transformative role of artificial intelligence in traditional drug discovery. He commended the company for being a pioneer in utilizing AI to leverage the potential of biology. He further emphasized his enthusiasm for BPGbio’s extensive therapeutics and diag ..... Read More

India-US relations at peak: Jaishankar

Twitter : @DrSJaishankar External Affairs Minister S. Jaishankar, during a community event at India House in Washington, DC, expressed that the India-US relationship is currently at its peak. He emphasized the high level of trust in this bilateral relationship, comparing it to the Chandrayaan mission, suggesting it could reach even greater heights. Jaishankar credited the success of the G20 to Indian presidency and all its members but also thanked the US publicly for its support during the summit, particularly in terms of flexibility on langua ..... Read More

Nielsen Announces Karthik Rao as New CEO

Nielsen, a pioneer in audience measurement and data analytics, has appointed Karthik Rao as its new CEO, effective immediately. The current CEO, David Kenny, who has held the position since 2018, will transition into the role of executive chairman. Rao, who has been promoted to the CEO position, expressed his excitement about the new opportunity and his long-standing connection with Nielsen. He emphasized the company’s commitment to providing clients, the advertising industry, and content creators with the most accurate information possible. ..... Read More