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Amarnath Yatra 2023 Begins: First Batch of Pilgrims Flagged Off by Jammu and Kashmir LG Written by Sanjay Kumar The much-awaited annual Amarnath Yatra, a sacred pilgrimage to the cave shrine of Lord Shiva in the southern Himalayas of Kashmir, commenced today with great fervor. The Lieutenant Governor of Jammu and Kashmir, Manoj Sinha, flagged off the inaugural group of pilgrims from the Bhagwati Nagar camp early in the morning. Under tight security arrangements, a total of over 3,400 pilgrims embarked on their journey toward the twin base camps in Kashmir. From there, they will continue their spiritual quest toward…

HDFC Bank-HDFC Merger: What Borrowers & Depositors Need to Know Written by Sanjay Kumar The merger between Housing Development Finance Corporation (HDFC) Bank and HDFC Ltd. is set to become effective starting July 1, following the board meetings of both organizations scheduled for June 30. As a result, the trading of HDFC Ltd shares will stop from July 13. Subsequently, all branches of HDFC Bank will progressively begin offering mortgage loans. The upcoming merger between Housing Development Finance Corporation (HDFC) Bank and HDFC Ltd., set to take place next month for $40 billion, has garnered significant attention. While the merger…

IndiGo Becomes India’s First Airline to Exceed 1 Lakh Crore Market Cap Written by Sanjay Kumar News highlights IndiGo’s parent company, InterGlobe Aviation, surpasses Rs 1 trillion market capitalization, a first for an Indian aviation firm. IndiGo’s shares soar by 30% this year, reaching a record high of Rs 2,618.10 per share on the BSE. IndiGo makes history with a $50 billion order for 500 Airbus Neo family aircraft, the largest-ever single purchase in aviation. IndiGo Airline Bag information: In economy, within India, 15kg free. To other destinations, 20kg free, additional allowance depending on route. More IndiGo bag information Hubs:…

OYO to Add Over 1,000 Hotels by December 2023 Written by Sanjay Kumar News highlights OYO expands support for first-gen hoteliers, adding 1,000+ hotels by December 2023. Exceeding targets, OYO surpasses 300 hotels for accelerator program. Ritesh Agarwal shared that the company projects its revenue for FY23 to exceed INR 5,700 crore. OYO Rooms Hospitality chain Founder: Ritesh Agarwal CEO: Ritesh Agarwal (Jun 2013–) Type of business: Privately held company Areas served: Asia, Europe, Americas Number of employees: 5,130 (2021) Subsidiaries: OYO Vacation Homes Holding B.V., DanCenter, MORE Founded: 2013 Hospitality technology platform OYO has announced that it will add…

QS World University Rankings 2024: Top 30 Universities Worldwide Written by Sanjay Kumar QS Rankings 2024 have been released, revealing Massachusetts Institute of Technology (MIT) as the top-ranked university for the 12th consecutive year. The University of Cambridge has managed to maintain its position in second place, while the University of Oxford has replaced Stanford University and now holds the third spot. The QS World University Rankings are conducted by Quacquarelli Symonds, a global higher education analyst specialist. These rankings encompass 1,500 institutions across 104 locations and utilize data from 17.5 million academic papers, along with information from 240,000 academic…

This Indian Family Buys INR 1,649 Crore Villa in Switzerland, One of the World’s Priciest Homes Written by Sanjay Kumar Pankaj Oswal Indian businessman Born: India Education: Manipal Institute of Technology Spouse: Radhika Oswal Children: Ridi Parents: Aruna Oswal, Abhey Kumar Oswal Siblings: Shael Oswal Indian billionaire Pankaj Oswal and his wife Radhika Oswal have made headlines with their recent acquisition of one of the world’s most expensive homes. Situated in the charming Swiss village of Gingins, the villa spans an impressive 430,000 square feet and boasts breathtaking views of the snow-capped Alps. Formerly owned by Christina Onassis, daughter of…

World Cup 2023 Schedule Revealed: India vs Pakistan Faceoff on THIS Date Written by Sanjay Kumar The schedule for the 2023 ODI World Cup was announced by the International Cricket Council (ICC) during an event in Mumbai on Tuesday (June 27). The tournament is set to commence on October 05 at Ahmedabad’s Narendra Modi Stadium. Among the highly anticipated matches, India vs Pakistan clash, considered one of the biggest rivalries in the contest, is scheduled to take place on October 15 in Ahmedabad. The Indian cricket team will kick-start their campaign against Australia on October 08 in Chennai. Finally, the…

James Crown, Billionaire & JPMorgan Director, Dies in Crash on His 70th Birthday Written by Sanjay Kumar James Crown American businessman Born: 25 June 1953, Chicago, Illinois, United States Died: 25 June 2023 Children: 4 Education: Stanford Law School (1980), Hampshire College (1976), Stanford University Uncles: Robert Crown, John J. Crown Parents: Lester Crown Grandparents: Henry Crown, Rebecca Kranz James Crown, an American businessman, billionaire investor, and longtime JPMorgan Chase director, passed away in a car racing accident in Colorado while celebrating his 70th birthday, according to CNN. The Colorado Sun reported that Mr. Crown was involved in a single-vehicle…

Infosys Secures $454-million Deal from Danske Bank Written by Sanjay Kumar Infosys has announced a long-term collaboration with Danske Bank to propel the bank’s digital transformation ambitions with speed and scale. The agreement, valued at $454 million for a 5-year term, has the potential to be extended for an additional year, up to three times. The objective of this collaboration, as stated in the company’s exchange filing, is to help Danske Bank achieve its strategic goals of improving client experiences, attaining operational excellence, and establishing a modernized technological environment supported by next-generation technologies. As part of the agreement, Infosys will…

Air India Pilot Refuses to Fly After Emergency Landing in Jaipur: Details Unveiled Written by Sanjay Kumar Air India Air carrier CEO: Campbell Wilson (2022–) Hubs: Indira Gandhi International Airport, MORE Alliance: Star Alliance Founder: J. R. D. Tata Revenue: 26,430.59 crores INR (US$3.3 billion, 2019) The pilot of an Air India flight from London to Delhi refused to continue flying after making an emergency landing in Jaipur due to adverse weather conditions. According to a report by India Today, the Delhi Air Traffic Control (ATC) granted clearance for the flight to resume operations approximately two hours after the emergency…