Category Archives: Business & Economy

INTERNATIONAL: NATIONAL: AVIATION & AIRPORTS: PM Modi Inaugurates Deoghar Airport, Unveils ₹16,800-crore Projects in Jharkhand

He also flagged off the Deoghar-Kolkata IndiGo flight from the new airport.

Prime Minister Narendra Modi on Tuesday inaugurated the 657-acre Deoghar airport, constructed at a cost of ₹401 crore.

He also flagged off the Deoghar-Kolkata IndiGo flight from the new airport.

The airport has a 2,500-metre-long runway, which can handle the landing and takeoff of Airbus A320 planes.

Mr. Modi had laid the foundation stone of the Deoghar airport on May 25, 2018, as a key step towards providing direct connectivity to Baba Baidyanath Dham, which is an important religious destination for devotees from all over the country.

Civil Aviation Minister Jyotiraditya Scindia, on the occasion, said the airport will be linked to Ranchi, Patna and Delhi in the days to come.

source/content: thehindu.com (headline edited)

INTERNATIONAL: BUSINESS & ECONOMY / MEDIA : Santosh Shukla Appointed as CEO of ‘British Organization World Book of Records’

He will also carry out business activities of iudex International Quality Certification and focus on business expansion in Asian countries.New Delhi Senior advocate of the Supreme Court of India, Shri Santosh Shukla has become the new Chief Executive Officer CEO of the British Organization World Book of Records.

 At the helm of Shri Shukla, the organization has made its reached 25 countries in the world with a strong global network. Shri Shukla hails from deep-rooted Indian culture and heritage and is of Indian origin.

Being a Cyber law expert and an author of technical books, he is also Director-General of the South Asian Chamber of Commerce & Industry (SACCI), President and CEO of International Quality Certification, President of Alma World, and holds the post of Chief Editor of Alma Today, Alma Times, WBR News and other leading organizations.

source/content: devidiscourse.com (headline edited)

INTERNATIONAL : ARTS & CULTURE : Dr KC Samuel, Chairman of Hindustan Aviation Academy (HAA) Installed as the New International President of Y’s Men International (YMI), Aarhus, Denmark

Philanthropist and Hindustan Aviation Academy (HAA) chairman Dr KC Samuel has been appointed the International president of Y’s Men International (YMI).

The movement was founded in 1922 and Samuel will be taking charge for its centenary year.

“The name ‘Y’s Men’ has become synonymous due to selfless service and sacrificial giving, and has touched and lifted the lives of thousands people across the world for over a century by acknowledging it as our duty,” said Dr Samuel.

Dr Samuel has been with the Y’s Men movement for over 40 years. He has held almost all leadership positions in the movement and was bestowed with many awards for his meritorious performance, including Elmer Crowe Award and International President’s award for the best Area President in 2018-19. He is currently a member of Y’s Men Club of Bangalore.

source/content: newindianexpress.com (edited)

WORLD RECORD: SPORTS / GARMENTS: World’s Largest Cricket Jersey Made within 9 Days by Mumbai’s The Flag Company. Diplayed at the IPL Final in Ahmedabad and Recognised by Guinness Records.

The world’s largest cricket jersey (66 m x 42 m), which got Guinness record recognition in the IPL final in Ahmedabad on Sunday, was prepared within nine days by Mumbai’s Flag Company.

The idea was conceptualized by the IPL owners.

“Well, something like this needs all hands-on deck. There wasn’t any one person at the flag company who wasn’t involved and didn’t contribute to this project. A 55-member team worked on this massive opportunity”, Dalvir Singh Nagi, the company CEO, speaking exclusively, said.

The time frame given was 15 days but the company was able to finish the product within 9 days.

“Printing (logos of all ten teams) and piecing the parts together required a lot of trials and errors and massive effort. The semi-finished printed fabric was shipped to the location for assembling and the piece was stitched and brought together to shape and live at the venue. It was overwhelming and exciting all at once!”, Nagi added.

source/contents: deccanchronicle.com (headline edited0

INTERNATIONAL, IN INDIA: HEALTH & MEDICAL SERVICES / SCIENCE & TECHNOLOGY: GE Healthcare launches its first ‘5G Innovation Lab’ in India and First for GE across the Globe.

GE Healthcare on Thursday announced the launch of its 5G Innovation Lab in India, the first for the company across the globe.

With the advantage of massive bandwidth, high data speeds, low latency and highly reliable connectivity, 5G has the potential to disrupt the patient care continuum, transforming diagnosis, therapy, and prognosis, the company noted.

“The 5G Innovation Lab is designed to position GE Healthcare at the forefront of these groundbreaking advances in patient care, including potentially bringing cutting-edge technology to rural and suburban regions,” a company statement said.

Situated at the John F.Welch Technology Centre (JFWTC) Bengaluru, GE Healthcare’s largest R&D centre outside of the USA, the lab will serve as a testbed to develop future-ready products and solutions, turning a new corner in innovation, it said.

5G in Healthcare was valued at an estimated USD 215 million in 2021 and is projected to reach USD 3,667 million by 2026.

“India is an important market for us globally and it is indeed the right time to venture into 5G, which will open a realm of exciting opportunities, driving the next wave of growth in Healthcare,” said Jan Makela, President & CEO, Imaging at GE Healthcare.

The GE Healthcare 5G Innovation Lab will serve as a conduit for the interplay of exponential technologies like AI/ML, IoT, Big Data, Edge Computing and Cybersecurity, the statement added.

source/content: newindianexpress.com (headline edited)

GLOBAL RECORDS: INNOVATION & INFORMATION TECHNOLOGY, TELANGANA : The World’s Largest Innovation Campus ‘T-Hub’/ T-Works/ and IMAGE Tower’ Takes Shape in India’s Hyderabad City

There will be 2.3 million sq ft built-up space in the 18-acre campus : KTR

Technology start-up incubator T-Hub, prototyping centre T-Works and the IMAGE Tower focused on multimedia, animation, gaming and entertainment will constitute the world’s largest innovation campus in Hyderabad.

Totally, there will be 2.3 million sq ft built-up space that will be developed in the 18-acre campus in the heart of the city’s IT Hub. “I see this panning out over the next 18-24 months,” IT and Industries Minister K.T. Rama Rao said in an interaction after Chief Minister K Chandrasekhar Rao inaugrated the new, second phase building of T-Hub on Tuesday.

The T-Hub facility, with a built-up space of 5.8 lakh sq ft, is one component of the campus. “There is T-Works, India’s largest prototyping facility, which will be inaugurated in August,” he said.

source/content: thehindu.com (headline edited)

INDIA RECORDS: FOOD, MARINE & SEAFOOD: Andhra Pradesh at National No.1 with Record Seafood Exports Exceeding ₹20k crore, Highest in Country with the US Being the Leading Importer.

3.24 lakh metric tonnes was shipped to the US, China and EU in 2021, according to officals.

Andhra Pradesh stood top in the country in seafood exports by shipping 3.24 lakh metric tonnes of shrimp, fish and other items during the 2021-22 financial year. The total exports of seafood from India was about 13,69,264 metric tonnes.

The value of the seafood exports from the State was about ₹20,019 crore, said Marine Products Export Development Authority’s (MPEDA) Andhra Pradesh Joint Director A. Jeyabal.

The contribution of the State in the country’s overall exports was 23.66% in quantity and 34.76% in terms of value, the Joint Director said.

“In 2020-21, India had exported 11,49,510 metric tonnes of seafood worth ₹43,720 crore ($5,956 million). In 2021-22, marine products of about 13,69,264 metric tonnes, valued at ₹57,586 crore ($7.76 billion) were shipped,” Mr. Jeyabal told The Hindu on Wednesday.

According to overseas shipment data, the US continued to be the major importer of Indian seafood, followed by China, the European Union, South-east Asia, and Japan as the other major customers.

“From Andhra Pradesh, frozen shrimp, frozen fish, squid, cuttlefish, dried items and other varieties were exported,” the JD said.

source/content: thehindu.com (headline edited)

WORLD RECORDS : INDIA, POPULATION: India’s Urban Population at 2nd Highest, to Stand at 675 million in 2035, Behind China’s 1 billion: United Nations (U.N.)-Habitat’s World Cities Report 2022

By 2035, the percentage of population in India at mid-year residing in urban area will be 43.2%, the U.N. said in a report.

India’s urban population is estimated to stand at 675 million in 2035, the second-highest behind China’s one billion, the U.N. has said in a report, noting that after the COVID-19 pandemic, the global urban population is back on track to grow by another 2.2 billion by 2050.

The United Nations-Habitat’s World Cities Report 2022, released on Wednesday, said that rapid urbanisation was only temporarily delayed by the COVID-19 pandemic.

The global urban population is back on track to grow by another 2.2 billion people by 2050, it said.

India’s urban population is projected to be 67,54,56,000 in 2035, growing from 48,30,99,000 in 2020 to 54,27,43,000 in 2025 and 60,73,42,000 in 2030, the report said.

By 2035, the percentage of population in India at mid-year residing in urban area will be 43.2%, it said.

China’s urban population in 2035 is projected at 1.05 billion while the urban population in Asia will be 2.99 billion in 2035 and that in South Asia 98,75,92,000 it said.

source/content: thehindu.com (headline edited)

INTERNATIONAL RECORDS: INDIA RECORDS: HOTELS & RESTAURANTS: MasterChef Australia’s Season 10 Winner, Sashi Cheliah, Gears up to Launch his First Restaurant in India – ‘Pandan Club’ in Chennai

Sashi was the winner of MasterChef Australia Season 10. This will be his first restaurant in India, in T Nagar, serving Peranakan cuisine and lemongrass cocktails.

Police officer turned MasterChef contestant turned chef turned restaurateur Sashi Cheliah seems apologetic about his requirements for his first restaurant in India. “The thing is, we need professional chefs for this project,” he says, over filter coffee at the Leela Palace lobby, glittering with chandeliers and fragrant with vases of marigolds.

In Chennai with World On A Plate, Sashi is relaxing after cooking seven-course degustation menus, two nights in a row, for completely sold-out dinners at The Leela Palace.

Then, true to form, the Singapore-born, Adelaide-based chef headed straight from the five-star kitchen to Chennai’s popular Erode Amman Mess for his own dinner. “It was fantastic,” he says, “When it comes to flavour there are so many great places to eat in this city.”

With roots in Tamil Nadu, including grandparents who came from Madurai, he has chosen to launch his restaurant, Pandan Club, in Chennai.

A post on his Instagram profile, which has 1,29,000 followers, announcing openings for kitchen personnel resulted in a storm of resumes: many from fans and amateur cooks.

source/content: thehindu.com (headline edited)

INDIA RECORDS: AVIATION: First Aircraft of India’s Newest Airline ‘Akasa Air’ a Boeing 737 MAX Lands at Delhi Airport after Long Ride from Seattle. 71 More to Follow in Time.

Flying all the way from Seattle in the United States, India’s newest airline Akasa Air’s first Boeing 737 MAX aircraft touched down at the Indira Gandhi International Airport in Delhi on Tuesday.(June 21).

“The arrival of our first aircraft is a very happy moment for all of us & marks an important milestone, bringing us closer to our vision of building India’s greenest, most dependable, and most affordable airline,” said Vinay Dube, founder, managing director & chief executive officer, Akasa Air.

It was only last week the airline took delivery of its first 737 Max aircraft from Boeing in Seattle.

In November 2021, Akasa had inked a $9 billion deal with the US-based aircraft major to purchase 72 MAX planes, which includes an initial delivery of 18 aircraft by March 2023 and the remaining 54 aeroplanes in the next four years.

These planes will be powered by the fuel-efficient CFM LEAP B engine.

source/content: newindianexpress.com (headline edited)