IndiGo Co-Founder Rakesh Gangwal Becomes Southwest Airlines Chairman

Rakesh Gangwal, billionaire and co-founder of IndiGo, has been named the new Chairman of Southwest Airlines. Gangwal, who joined the airline's board in July, also bought $108 million worth of Southwest shares. His appointment comes after Southwest settled its issues with Elliott Investment Management, one of its biggest shareholders. Gangwal plans to work with the airline’s management team to improve its financial performance.

By Avi G

20 Year Old Drunk Driver in Bengaluru Hit Woman with Mercedes, Arrested While Fleeing

A 20-year-old man named Dhanush, driving a Mercedes Benz while drunk, hit and killed 30-year-old Sandhya in Kengeri, Bengaluru. Dhanush lost control of the car and tried to run away, but bystanders caught him. He was arrested and charged with culpable homicide. The accident happened after Dhanush had been drinking with a friend and lost control while driving.

By Vishal Kumar

NASA: 190-Foot Asteroid Passed Toward Earth Today

NASA has issued a warning about asteroid 2024 UT7, which is 190 feet wide and will pass dangerously close to Earth today. Traveling at speeds of nearly 30,000 km/h, the asteroid will come within 1 million kilometers of Earth. Although it's not considered a "potentially hazardous asteroid," its close distance and high speed make it a priority for observation. NASA tracks such objects through its NEO Observations Program to monitor any potential risks.

By Avi G

Afcons Infrastructure Shares Surge After 8% Discounted Listing

Afcons Infrastructure's shares started off at an 8% discount but later climbed to an intra-day high of ₹477.50. The company has a big order book worth ₹45,000 crore, and it's expecting to see revenue growth pick up after a quiet fiscal year. They recently landed contracts, including the Bhopal Metro's Blue Line, and are aiming for a 15% growth rate over the next three years.

By Vishal Kumar

Can Science Bring Back the Dinosaurs?

Bringing back extinct species comes with big challenges. Groups like Revive & Restore work on using advanced science to rescue these species. Although they’ve had some wins, like bringing back the Xerces butterfly, recreating ancient species is still mostly a theory.

By Avi G

Salesforce Sets Sights on India’s Public Sector for Digital Revolution

Salesforce is growing its Public Sector team in India to help government agencies go digital. The goal is to improve how citizens interact with these agencies through its GovCloud solution, analytics, and customer relationship tools. Salesforce wants to bring together citizen data, make services smoother, and use its knowledge in digital lending tailored for India.

By Avi G

Kuku FM’s Revenue Increased 114% to INR 104 cr

Kuku FM, a platform for audio in local languages, saw its revenue soar by 114%, reaching INR 104.1 Cr for the financial year 2024. Although total spending went up by 21% to INR 200 Cr, losses fell to INR 96 Cr. The platform has over 25 million paying users and offers a wide range of audio content.

By Vishal Kumar

PhonePe Plans to Conquer the Super App Space

PhonePe, supported by Walmart, has grown from a simple UPI app into a major tech player with impressive revenue. For the financial year 2024, it made over INR 5,000 crore, becoming the second Indian startup to hit this mark. PhonePe's leadership mixes different management styles, helping it efficiently expand into various financial services.

By Avi G

Apollo Hospitals Targets 3,500 New Beds by FY26

Apollo Hospitals is set to invest ₹6,100 crore to add more than 3,500 beds in 11 locations by FY26. This plan includes a new 500-bed hospital in Worli, Mumbai, and an expansion in Lucknow. The goal is to improve healthcare access and quality in India.

By Vishal Kumar

Can Swiggy Outperform Zomato in the Race for IPO Success?

Swiggy's upcoming IPO is valued at ₹11,327 crore and will open on November 6, 2024. The company wants to take advantage of India's growing digital economy, even though it's currently operating at a loss. Investors are curious if Swiggy can beat its rival Zomato, which has recently gained ground in quick commerce.

By Vishal Kumar

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