Read more about the article UPS Is NOT a Rollback of NPS, Nirmala Sitharaman Cleared Congress Allegations
Technology / Business / Politics

UPS Is NOT a Rollback of NPS, Nirmala Sitharaman Cleared Congress Allegations

Key Points Finance Minister Nirmala Sitharaman has made it clear that the new Unified Pension Scheme (UPS) isn't just a rollback of the National Pension System (NPS), but a whole new thing. The UPS will give a pension that's 50% of an employee's average basic pay from the last year before they retire, as long as they've worked for at least 25 years. Under the UPS, employees will chip in 10% of their basic salary and dearness allowance, while the government will…

By Vishal Kumar
August 28, 2024
Read more about the article The Insult That Sparked a Billion-Dollar Luxury Car Collection
Entertainment / Business / Technology

The Insult That Sparked a Billion-Dollar Luxury Car Collection

Key Points Indian billionaire Joy Alukkas got snubbed at a Rolls-Royce showroom in Dubai back in 2000. The salesperson told him to check out Mitsubishi instead. Alukkas, who’s a big deal in India and runs the Joyalukkas Group, felt insulted and bought a Rolls-Royce on a whim. He later gave the Rolls-Royce away in a raffle to promote his jewellery business. These days, Alukkas has a bunch of luxury cars, including a Rolls-Royce Cullinan he bought earlier this year. Looma News So,…

By Vishal Kumar
August 28, 2024
Read more about the article 80% AI, 20% Human: The Controversial New Approach to Cricket Squad Selection
Entertainment / Sports / Technology

80% AI, 20% Human: The Controversial New Approach to Cricket Squad Selection

Key Points PCB's using AI to pick squads for the Champions Cup. AI will handle 80% of the job, while humans will take care of the remaining 20%. PCB's the first cricket board to openly use AI for selecting players. PCB chairman Mohsin Naqvi is all about being transparent and accountable in picking players. Naqvi wants to fix old problems with player data and selection records. Former cricketers like Misbah-ul-Haq, Saqlain Mushtaq, Sarfaraz Ahmed, Shoaib Malik, and Waqar Younis are on board…

By Avi G
August 28, 2024
Read more about the article The Simple Exercise Routine That Took Viktor Axelsen to Olympic Gold!
Entertainment / Science / Sports / Technology

The Simple Exercise Routine That Took Viktor Axelsen to Olympic Gold!

Key Points Olympic champ Viktor Axelsen has shared his workout routine to boost badminton performance. His Instagram reel shows two main exercises: the trap bar lift and Bulgarian split squats/dumbbell lunges. The trap bar lift helps with leg strength and balance, which is essential for those powerful smashes. Bulgarian split squats or dumbbell lunges improve single-leg strength, balance, agility, and can help avoid injuries. Axelsen is pretty active on social media, using it to promote badminton and his career. He recently won…

By Vishal Kumar
August 27, 2024
Read more about the article Over 50 Lakh Vehicles on Mumbai’s Atal Setu in Just 7 Months!
Technology / Business / Sports

Over 50 Lakh Vehicles on Mumbai’s Atal Setu in Just 7 Months!

Key Points The Atal Setu, India’s longest sea bridge, links Mumbai and Navi Mumbai. Since opening on January 13, 2024, more than 5 million vehicles have crossed it. The bridge has made it way easier to get from South Mumbai to the Mumbai-Pune Expressway. Maharashtra Chief Minister Eknath Shinde has praised the bridge for helping with traffic and boosting the economy. It cost over Rs 17,840 crore to build and stretches 21.8 km. PM Narendra Modi opened the Atal Setu on January…

By Vishal Kumar
August 26, 2024
Read more about the article PhonePe Revenue Jumped By 74%
Technology

PhonePe Revenue Jumped By 74%

Key Highlights - PhonePe’s revenue jumped by 74%, reaching INR 5,064 Cr in FY24, up from INR 2,914 Cr in FY23.- The company reported an adjusted profit after tax (PAT) of INR 710 Cr for FY24, turning around from a loss of INR 194 Cr in FY23.- PhonePe claimed a net adjusted profit after tax of INR 197 Cr for FY24, reversing a huge loss of INR 738 Cr from the previous year.- Their popular UPI app now has over 550 million…

By Vishal Kumar
August 26, 2024
Read more about the article Trent Joins Nifty 50: What This Means for Their 129% Stock Surge
Entertainment / Business / Technology

Trent Joins Nifty 50: What This Means for Their 129% Stock Surge

Key Points: Trent Ltd.’s stock has surged by 129% this year, outperforming many global retail stocks. The Tata Group company is set to join India's NSE Nifty 50 index next month. Trent’s success is largely attributed to its affordable fashion brand, Zudio. The company’s sales increased by 56% in the latest quarter, surpassing competitors like Avenue Supermarts and Aditya Birla Fashion & Retail. Trent’s market value is approaching $30 billion, and inclusion in the Nifty 50 could attract an additional $500 million…

By Vishal Kumar
August 26, 2024
Read more about the article Discover the Multibagger Stock That’s Making Headlines with a Rs 159.75 Crore Project
Science / Business / Technology

Discover the Multibagger Stock That’s Making Headlines with a Rs 159.75 Crore Project

Key Points Welspun Enterprises Limited's subsidiary, Welspun Michigan Engineers Limited (WMEL), has secured a Rs 159.75 crore contract from Brihanmumbai Municipal Corporation (BMC). The contract involves rehabilitating 17 km of sewers in Mumbai using trenchless technology. The project is expected to be completed within 24 months, excluding the monsoon season. Welspun Enterprises has seen a 120% increase in its stock value over the past year, compared to a 26% increase in the BSE Sensex Index. The company's current order book totals Rs…

By Vishal Kumar
August 26, 2024
Read more about the article Is Being an Astronaut Worth the Pay? Discover the Real Numbers
Entertainment / Science / Technology

Is Being an Astronaut Worth the Pay? Discover the Real Numbers

Key Points Astronaut salaries vary based on space agency, experience, and mission responsibilities. NASA astronauts typically earn between $84,365 and $115,079 annually, but can earn up to $152,258 depending on their role. Military astronauts at NASA keep their military salaries and benefits while working with NASA. ESA astronauts have lower salaries compared to NASA but benefit from tax exemptions. Roscosmos cosmonauts' salaries are lower than those of Western counterparts, with recent increases proposed by the Russian government. Looma News Astronauts play a…

By Vishal Kumar
August 26, 2024
Read more about the article ICMR’s Innovative TB Test Can Process 1,500 Samples in Record Time
Science / Technology

ICMR’s Innovative TB Test Can Process 1,500 Samples in Record Time

Key Points The Indian Council of Medical Research (ICMR) has developed a new tuberculosis (TB) diagnostic device using CRISPR technology. This device can test over 1,500 samples in just 2.5 hours, compared to traditional methods which can take up to 42 days. The cost of using the new device is only ₹35 per test. ICMR is looking for partners to help commercialize this device and make it widely available. Looma News The Indian Council of Medical Research (ICMR) has unveiled an exciting…

By Vishal Kumar
August 26, 2024

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