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Intel India Head Nivruti Rai Resigns to Join Invest India as CEO Written by Sanjay Kumar In a surprising development, Nivruti Rai, the head of Intel India, has announced her resignation after an illustrious 29-year career with the renowned chip-maker. While the news of her departure has been widely circulated, reports suggest that Rai is poised to take on the role of Managing Director and CEO at Invest India, a non-profit organization operating under the Department of Industrial Policy and Promotion of the Ministry of Commerce. However, the accuracy of these reports has not been independently verified by Business Connect…

Sundar Pichai Reveals Google’s Plan to Establish Global Fintech Center in Gujarat Written by Sanjay Kumar Sundar Pichai Chief Executive Officer of Google Born: 10 June 1972 (age 51 years), Madurai Education: Wharton School of the University of Pennsylvania (2000–2002), MORE Spouse: Anjali Pichai Children: Kavya Pichai, Kiran Pichai Parents: Regunatha Pichai, Lakshmi Pichai Siblings: Srinivasan Pichai Awards: Padma Bhushan (2022) Following a meeting with Prime Minister Narendra Modi in Washington, DC on June 23, Sundar Pichai, CEO of Google and Alphabet, made an announcement stating that Google will invest $10 billion in India’s digitization fund. He also revealed plans…

Netflix’s $2.5 Billion Korean Investment Won’t Exploit Local Talent, Says CEO Written by Sanjay Kumar Netflix Entertainment Company Founders: Reed Hastings, Marc Randolph CEO: Greg Peters (19 Jan 2023), Ted Sarandos (14 Jul 2020) Subsidiaries: Netflix Animation, Animal Logic, Scanline VFX, MORE Founded: 29 August 1997, Scotts Valley, California Netflix’s co-CEO, Ted Sarandos, assured on Thursday (June 22) that the substantial investment in South Korean content would not overlook young local talent, following demands from lawmakers to share more profits with creators. South Korea has produced some of Netflix’s most successful shows, becoming synonymous with the country’s cultural exports and…

Tragic Loss: All Five Passengers On Board Missing ‘Titan Submersible’ Declared Dead Written by Sanjay Kumar OceanGate announced on Thursday (June 22) that all five members of the missing Titan submarine are presumed to be deceased. In their statement, the company expressed their belief that Stockton Rush, the CEO, along with Shahzada Dawood, Suleman Dawood, Hamish Harding, and Paul-Henri Nargeolet have tragically been lost. OceanGate paid tribute to these individuals as true explorers who possessed a shared spirit of adventure and a deep commitment to exploring and preserving the world’s oceans. They extended their heartfelt condolences to the families of…

Elon Musk and Mark Zuckerberg Agree For ‘Cage Fight’ Written by Sanjay Kumar  News Highlights Zuckerberg vs. Musk: Cage fight showdown as tech giants clash. Social media rivalry escalates with provocative exchanges and memes. Previously, Elon Musk challenged Russian President Vladimir Putin. Mark Zuckerberg – Chief Executive Officer of Facebook   Elon Musk – Chief Executive Officer of Tesla Motors   Born: 14 May 1984 (age 39 years), White Plains, New York, United States Born: 28 June 1971 (age 51 years), Pretoria, South Africa Net worth: 10,000 crores USD (2023) Forbes Net worth: 23,440 crores USD (2023) Forbes Spouse: Priscilla…

World’s Largest Ramayan Temple in Bihar on Track for 2025 Completion: Report Written by Sanjay Kumar News Highlights Construction underway for Bihar’s ‘world’s largest Ramayan temple,’ set to surpass Angkor Wat in height by 2025. Viraat Ramayan temple: 12 domes, 270 ft tall; spans 2,800 ft in length, 1,400 ft in width; features largest Shivling, capacity for 20,000 visitors. Bihar’s grand Ramayan temple draws inspiration from Angkor Wat, Ramanathaswami, and Meenakshi Sundareshwarar temples. Bihar State of India Country – India Region – East India Formation – 22 March 1912 Capital and largest city – Patna Districts – 38 Total -…

Delhi Metro’s New Ticketing System: Travel with Your Phone, No Token or Card Needed Written by Sanjay Kumar DMRC Metro system Owner – Delhi Metro Rail Corporation Transit type – Rapid transit Number of lines – 10 Number of stations – 255 Daily ridership – 25.1 lakh (2.51 million) (2021–22) Annual ridership – 179 crore (1.79 billion) (2019) Key people – Manoj Joshi (Chairman), Vikas Kumar (Managing Director) Headquarters – Metro Bhawan, Barakhamba Road, New Delhi 110001 The Delhi Metro Rail Corporation (DMRC) is in the final stages of implementing a ticketing system based on QR (Quick Response) codes. According…

“Tesla Will Be in India”: Elon Musk Confirms Plans After Meeting with PM Modi Written by Sanjay Kumar Tesla Automotive Company Founders: Elon Musk, Martin Eberhard, JB Straubel, Marc Tarpenning, Ian Wright Headquarters: Austin, Texas, United States CEO: Elon Musk (Oct 2008) Founded: 1 July 2003, San Carlos, California, United States Subsidiaries: Tesla Energy, MORE Revenue: 8,146.2 crores USD (2022) Prime Minister Narendra Modi embarked on a significant three-day state visit to the United States, where he met with Tesla CEO and Twitter owner, Elon Musk. Following their meeting, Musk expressed his admiration for PM Modi, stating, “I’m a fan…

Historic purchase: IndiGo receives approval to place historic purchase for 500 Airbus aircraft Written By Rajan Das IndiGo, India’s largest airline by market share, has received approval from the government to place a record-breaking order for 500 Airbus aircraft. The order, worth an estimated $60 billion at list prices, is the largest single order for Airbus in its history and the second-largest ever for any aircraft manufacturer. The airline will receive these brand-new planes between 2030 and 2035. This order is a testament to IndiGo’s ambitious long-term growth plan, as well as its confidence in the A320 Family’s best-in-class operating…

Byju’s latest round of layoffs coincides with a legal fight with US lenders. Written By Rajan Das Byju’s, the Indian edtech giant, has recently announced a fresh round of layoffs that affects around 1,000 employees across various departments. This comes amid a legal dispute with its lenders in the US over a $1 billion term loan B that the company had raised earlier this year. Byju’s is one of the most valued startups in India, with a valuation of over $16 billion. It offers online learning courses for students from kindergarten to grade 12, as well as test preparation and…