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In a groundbreaking move, Tamil superstar Vijay has set a new benchmark in the Indian film industry by becoming the highest-paid actor. The actor, fondly known as “Thalapathy” by his fans, has reportedly charged a whopping ₹275 crore for his upcoming film, ‘Thalapathy 69’. This monumental deal not only highlights Vijay’s immense popularity and box office appeal but also marks…
Microsoft has acquired a 16.4-acre land parcel in Pune’s Hinjewadi area, a major IT hub, for a whopping Rs 520 crore. This acquisition is part of Microsoft’s broader strategy to strengthen its infrastructure and support its growing operations in the country. The Details of the Acquisition Microsoft’s Indian subsidiary, Microsoft Corporation (India) Private Limited, completed the purchase of 66,414.5 square…
The Adani Group has recently confirmed plans to establish a mega semiconductor plant in Maharashtra, marking a significant milestone in India’s technological advancement. This ambitious project, valued at approximately ₹83,950 crore ($10 billion), is set to be developed in collaboration with Israel’s Tower Semiconductor. The plant will be located in Taloja, Panvel, and is expected to produce 80,000 wafers per…
The Indian Institute of Technology Bombay (IIT Bombay) has achieved a significant milestone by securing its largest-ever annual research and development (R&D) grant of Rs 700 crore. This substantial funding boost is set to propel the institute’s major projects and enhance its contributions to technological innovation and academic excellence. A Record-Breaking Grant In the 2023-24 fiscal year, IIT Bombay received…
Cristiano Ronaldo has once again etched his name in the annals of football history by scoring his 900th career goal during Portugal’s UEFA Nations League match against Croatia. This remarkable achievement not only highlights his incredible talent and longevity but also cements his status as one of the greatest footballers of all time. The Historic Moment On September 6, 2024,…
Maharashtra government has approved an investment of ₹1.17 lakh crore in high-tech projects, which is expected to generate around 29,000 jobs. This significant investment aims to transform Maharashtra into a leading hub for semiconductor and electric vehicle (EV) manufacturing. Key Highlights of the Investment 1.Semiconductor Manufacturing: One of the major projects includes a high-technology semiconductor manufacturing plant by Tower Semiconductor…
In a landmark move to revolutionize the agricultural sector, the Indian government has introduced the ‘AgriSure’ fund, with a substantial corpus of Rs 750 crore ($90 million). This initiative is set to provide critical financial support to agritech startups, fostering innovation and growth in the sector. Why AgriSure? Agriculture is a cornerstone of the Indian economy, contributing around 18% to…
The Supreme Court of India has directed the Sahara Group to provide comprehensive details about its current executives, shareholders, and unencumbered properties. This directive aims to facilitate the sale of assets to raise ₹10,000 crore, which will be deposited into the SEBI-Sahara refund account for returning investors’ money. Background of the Case The Sahara Group has been under scrutiny since…
Germany-based travel-tech company, FlixBus, is making waves in the Indian travel market with its recent expansion into South India. Starting September 10, 2024, FlixBus will begin operations from Bengaluru, offering intercity routes to major cities like Chennai and Hyderabad, with fares starting as low as Rs 99. A New Era of Affordable Travel FlixBus, known for its affordable and comfortable…
The Royal Australian Air Force (RAAF) has deployed three advanced EA-18G Growler aircraft and up to 120 personnel to India. This marks Australia’s first combat aircraft deployment to India, participating in the multinational Exercise Tarang Shakti 24, held at Air Force Station Jodhpur from August 30 to September 13, 2024. Strengthening Indo-Pacific Cooperation Exercise Tarang Shakti 24 is a landmark…