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In a boost to Elon Musk's <keyword id="20034452" type="General" weightage="20" keywordseo="starlink" source="keywords">Starlink</keyword>, Communications Minister Scindia has said the spectrum for satellite broadband will be allocated and not auctioned as sought by Indian billionaires Mukesh Ambani and Sunil Mittal. The satellite broadband spectrum will however be not given free and sector regulator Trai will fix a price for the resource, he told PTI in a text and video interview. "Every country has to follow the <keyword id="20848482" type="General" weightage="20" keywordseo="international-telecommunications-union" source="keywords">International Telecommunications Union</keyword> (ITU), which is the organisation that lays out the policy for spectrum in space or satellites, and the ITU has been very clear in terms of the spectrum being given out on an assignment basis. In addition, if you look across the world today, I cannot think of a single country that auctions spectrum for satellite," Scindia said. India is a member of the International Telecommunication Union (ITU), a UN agency for digital technology. Musk's Starlink and global peers like Amazon's Project Kuiper back an administrative allocation. While Ambani's Reliance Jio has been vocal about the need to allocate such spectrum through an auction to provide a level playing field to legacy operators who buy airwaves and set up infrastructure like telecom towers, Mittal last month at an industry event where Prime Minister Narendra Modi was also present articulated the need to use bidding for such allocation. Jio and Mittal's Bharti Airtel - India's largest and second-largest operators, respectively - feel that giving away the satellite broadband airwaves at a pre-decided price by the government will create an uneven playing field since they had to compete in an auction to get spectrum for their terrestrial wireless phone networks. The two are vying for a piece of the satellite broadband segment as well. Musk-led Starlink is demanding administrative allotment of licences in line with the global trend as it looks to tap into the world's fastest-growing mobile telephony and internet market. Scindia said the Telecom Act of 2023 passed in December has put the matter in 'Schedule 1', which means that the Satcom spectrum will be allocated administratively. Such an allocation will be at a government-decided price, and allow foreign firms like Starlink to offer voice and data services. If the spectrum were to be auctioned, it would have made it costlier for Starlink to roll out services. Starlink has applied for a licence to start operations in the country. Scindia, however, offered no clues on the fate of his application. The minister said that the regulatory process is very clear and transparent. The new Telecom Act has been passed, and the Satellite spectrum is very clearly a part of that in schedule one, he pointed out. "...and therefore, we are open to looking at the application of any entity that wants to invest in India at this point in time. I think only one or two licenses have been given out. And whoever else wants to participate, India is surely going to welcome that," the minister said. Last month, Musk, in a post on X, termed the demand made by Jio for shunning sector regulator Trai's consultation paper on satellite broadband being allocated and not auctioned as "unprecedented", and when Mittal made the pitch in the presence of the Prime Minister, he asked if it was "too much trouble" to allow Starlink to provide internet services in India. This was perhaps the first time that Musk, whose networth of USD 241 billion is more than the combined wealth of Ambani, Mittal and Gautam Adani, had spoken directly against demands for a level playing field made by the Indian firms. Musk, the mind behind PayPal, founder of Tesla and SpaceX and owner of X (formerly Twitter), uses his social media platform on a daily basis to make his views known on a vast array of topics.

In a win for Elon Musk, Scindia says no to spectrum auction pitch from Ambani, Mittal

Imagine a bustling jewellery market teeming with diamonds and gold. Amidst this glittering chaos, a small stall is trying to sell handcrafted gemstones. Even as newer and shinier outlets keep cropping up, all vying for attention, this gemstone store offers some of the oldest yet valuable jewels at a discount. Though they lack immediate sparkle, these rare gems reveal their value to the discerning buyer. This is how South Korea appears for many experts in global capital markets: a trove of undervalued gems, overshadowed by brighter, more aggressively marketed investment options. This undervaluation, known as the "<keyword id="24399183" type="General" weightage="20" keywordseo="korean-discount" source="keywords">Korean Discount</keyword>," reflects how South Korean companies are priced much lower than their global peers despite robust fundamentals — strong financial performance and consistent profitability. Contributing factors are many, ranging from opaque governance structures to geopolitical risks. But the fact stays, if you are a seasoned conglomerate listed in South Korea, you are likely undervalued. <keyword id="19906087" type="General" weightage="20" keywordseo="hyundai" source="keywords">Hyundai</keyword> Motor India Ltd. (HMIL), a subsidiary of the Korean giant Hyundai Motor Company (HMC), recently sought to escape this valuation trap by listing in India, a market where investor optimism commands premium pricing. But its valuation raised many eyebrows! Now that a month and a half has gone by since its listing, time is apt to examine if this gamble paid off. Will <keyword id="93460" type="General" weightage="100" keywordseo="hyundai-india" source="Orion">Hyundai India</keyword> justify its high valuation? Or does the listing highlight broader questions about the overheated valuation dynamics of Indian markets? A record-breaking <keyword id="19898327" type="General" weightage="20" keywordseo="ipo" source="keywords">IPO</keyword> but questions remain Hyundai Motor India’s mega Initial Public Offering (IPO), launched in October 2024, broke records by raising ₹27,870 crore, making it India’s largest-ever IPO. The offer was oversubscribed by 2.37 times, highlighting robust demand. But many investors remained sceptical: was this IPO an honest attempt to expand Hyundai’s footprint in India or was it trying to offer a way to cashout for existing investors and promoters? Or perhaps, is it an attempt by the Korean chaebol — a large family-owned business conglomerate — to break free from the aforementioned “Korean Discount”? When shares listed on October 22, these concerns seemingly weighed on the minds of most investors and the stock promptly dipped 5% below the issue price on the day. A tepid grey market performance had already foreshadowed this muted debut in the Indian markets. Now, after almost 35 trading sessions on Indian market, the stock remains almost exactly at price it listed on October 22 at Rs 1820—no gain, no loss. <h3>The gamble of hyper-valuation</h3>Much of this hesitation stemmed from Hyundai’s valuation. On listing, Hyundai was valued at $18 billion, positioning it as one of India’s most valuable automotive companies. However, such high valuations often temper investor enthusiasm, resulting in more cautious short-term outcomes. For most investors, the Price-to-Earnings (P/E) ratio is the most preferred parameter to gauge if a company is overvalued or undervalued. With a P/E ratio of 26.3, HMIL was priced significantly above the Indian automotive industry average of 24.4. Globally, automotive companies operate with much lower P/E ratios, reflecting mature market conditions and slower growth trajectories. HMIL’s South Korean parent Hyundai Motor Company (HMC) trades at a meagre 3.07, believe it or not! For Indian investors, the high premium hinted at overvaluation despite Hyundai’s strong domestic position. Such stark difference in valuation obviously sparked debates — is the Indian market assigning a premium to Hyundai Motor India’s growth potential, or is it simply reflecting the general exuberance around the prospects of the Indian economy? Another concern is the allocation of IPO proceeds. Hyundai’s IPO was structured as an offer for sale (OFS), meaning all funds raised would flow to the parent company rather than Hyundai India’s operations. Although Hyundai has committed to investing in R&amp;D for EVs and hybrids, critics argue that the lack of immediate reinvestment in India’s operations reflects a missed opportunity for domestic growth. Despite the early disappointment, Hyundai was confident that the valuation was fair. It did have some factors going for it, in addition to the fact that other auto giants like Mahindra &amp; Mahindra and <keyword id="19909974" type="General" weightage="20" keywordseo="maruti-suzuki" source="keywords">Maruti Suzuki</keyword> command even higher P/E ratios. And looking at the company fundamentals, it does seem like Hyundai is playing a long-term game. <h3>Hyundai in India: A proven track record</h3>Despite the initial stumble, Hyundai India’s long-term story is compelling. Since entering the Indian market in 1996, the automaker has sold over 8 million vehicles and firmly occupies the second spot in the domestic passenger vehicle market, trailing only Maruti Suzuki. Hyundai’s blockbuster SUV offerings, like the Creta and Venue, have been critical in building this dominance. Despite some challenge from Maruti Suzuki Brezza and Tata Punch, Creta has retained the tag of ‘most-selling SUV in India’ successfully so far this year. <div type="image" title="Hyundai" agency="Business Insider India" msid="116156234" hostid="261" caption="&amp;lt;p&amp;gt;Selling over 17,000 units per month on average this year, Creta has edged past major competitors to be the most-selling SUV in India in 2024. As Indian consumers preference continues to shift gradually towards premium products over budget segments, Hyundai stands to benefit (Wikimedia Commons / Canva)&amp;lt;/p&amp;gt;"></div> Selling over 17,000 units per month on average, Creta has edged past major competitors to be the most-selling SUV in India in 2024. As Indian consumers preference continues to shift gradually towards premium products over budget segments, Hyundai stands to benefit (Wikimedia Commons / Canva) Hyundai India’s market share of 14% in October 2024 underscores its clout. The company’s ability to tap into India’s premiumisation trend, where consumers increasingly prefer high-end vehicles, positions it well for growth. With plans to expand in electric vehicles (EVs) and hybrid technology, Hyundai is poised to capitalise on both domestic demand and export opportunities. The company’s ability to capitalize on its strong brand, extensive dealer network, and leadership in segments like SUVs and exports will determine its future performance. Hyundai’s strategic focus on expanding electric vehicle production also aligns with global trends towards sustainability, potentially positioning it as a leader in the segment. By listing in India, Hyundai aims not only to expand its operations but also to make India a global manufacturing and export hub for its products, especially SUVs and EVs. Therefore, despite early setbacks, Hyundai’s gamble seems to have paid off. The stock has rebounded, gaining 5% in the past month. More good news came in this week, as positive projections from Morgan Stanley and JPMorgan forecast an impressive 17-28% upside for the stock over the next year, reflecting growing investor optimism. <h3>A strategic pivot from the Korean Discount?</h3>The Korean Discount has long plagued South Korea’s chaebols, including Hyundai. Experts attribute this to several factors: <ul> <li>Chaebol Governance: South Korea’s conglomerates, known as chaebols, are often criticised for opaque governance structures and excessive family control.</li> <li>Geopolitical Risks: Tensions with North Korea contribute to investor caution, adding a layer of perceived risk.</li> <li>Limited Domestic Liquidity: South Korea’s relatively small investor base can constrain market activity and valuation potential.</li> </ul> By listing in India, Hyundai sought to unlock better valuations for its subsidiary, leveraging the optimism of Indian markets. India’s stock market has a trailing P/E ratio of 24.4, far above South Korea’s Kospi average of 16-17. The Indian market’s appetite for high-growth stories provides a fertile ground for companies like Hyundai to escape the valuation constraints of their home market. A successful IPO could encourage other such conglomerates to follow suit, setting a precedent. While Hyundai India has a robust track record, its future success hinges on navigating key challenges: <ul> <li>Supply Chain Vulnerabilities: Hyundai relies heavily on its Chennai plant, making it vulnerable to disruptions.</li> <li>Intensifying Competition: Domestic rivals like <keyword id="19906967" type="General" weightage="20" keywordseo="tata-motors" source="keywords">Tata Motors</keyword> and MG Motors are making aggressive inroads into the EV market.</li> <li>Policy Risks: The automotive sector’s reliance on government incentives for EVs and hybrids adds a layer of unpredictability.</li> </ul> High valuations come with risks. Hyundai will need to prove that it can sustain its growth trajectory in India, fend off competition from established players like Maruti Suzuki and Tata Motors, and navigate challenges such as supply chain disruptions and regulatory hurdles. If Hyundai successfully capitalises on its strong brand and market leadership, it could not only redefine its value but also serve as a case study for other Korean companies seeking better recognition and valuations in global markets. <h3>Is Hyundai saga a reflection of overheated Indian markets?</h3>The bigger question here is, does Hyundai’s IPO highlights a broader narrative about Indian markets’ premium valuations? With a trailing P/E ratio of 24.4, Nifty 50 index is among the highest in emerging markets. India’s stock markets consistently command a premium due to robust retail participation, strong economic growth prospects, and a burgeoning middle class. While this premium reflects optimism about India’s long-term growth story, it also signals potential risks of overvaluation, particularly in sectors like technology, automotive, and consumer goods. With a record ₹94,017 crore outflow by Foreign Portfolio Investors (FPIs) in October 2024, concerns about overheated valuations are mounting. Sustaining such unprecedented valuations required companies to consistently perform above global averages, and retaining robust earnings growth quarter after quarter remains a challenge in today’s uncertain world. For Hyundai, the high valuation is both an opportunity and a risk. While it underscores investor confidence, it narrows the margin of safety, making the stock vulnerable to corrections during economic downturns. Take for example, the high-profile IPO of Life Insurance Corporation of India (LIC) that raised over ₹21,000 crore. Its listing was met with disappointment as the stock began trading at a 9% discount to its issue price, and subsequent performance has remained subdued. LIC’s post-IPO journey also highlights how inflated valuations can lead to long-term underperformance, as the stock gave only 12% return over the past 30 months when even the Nifty 50 index went up by over 44%. This happens when when the company's growth narrative fails to align with its pricing. Despite being a household name with a dominant market share, LIC's stock has struggled to meet expectations, partly due to concerns about its operating efficiency and the limited use of IPO proceeds for growth initiatives. Make no mistake, Hyundai Motor India’s IPO is a landmark event! It showcases the potential for Korean companies to leverage emerging markets like India for better valuations. It also shows that strong fundamentals can help justify a company such premium valuations even amidst bearish economic prospects. However, it also serves as a cautionary tale about the risks of overvaluation. For Hyundai, the next steps involve proving its long-term growth story, navigating competitive challenges, and maintaining investor confidence. For Indian markets, Hyundai’s IPO underscores the need to balance optimism with realistic expectations as they continue to evolve as global investment hotspots. To sustain the country’s economic narrative as a land of unmatched opportunities, corporate India must work on improving long-term fundamentals and mitigating long-term risks. As global investors watch closely, Hyundai India’s success or failure could shape how international companies view India as a listing destination in the years to come.

Tackling the 'Korean Discount': A deep dive into curious case of Hyundai Motor India's market listing

Singapore Airlines will make an additional investment of Rs 3,194.5 crore in Tata Group-owned Air India post-merger of Vistara in November. The merger, announced on November 29, 2022, and set to be completed on November 11, 2024, will result in Singapore Airlines having a 25.1% stake in the enlarged Air India. Full-service carrier Vistara, which started flying on January 9, 2015, is a joint venture between Tatas and Singapore Airlines, where the latter holds a 49% shareholding. Vistara's last flight will take off tomorrow i.e. November 11, 2024. Singapore Airlines (SIA) Group on Friday said its consideration for the merger comprises the 49% interest in Vistara and Rs 20,585 million (Rs 2,058.5 crore) in cash in exchange for a 25.1% equity interest in the enlarged Air India. Post-merger, SIA expects to recognize a non-cash accounting gain of around 1.1 billion Singapore dollars and also start equity accounting for its share of Air India's financial results. According to a release on Friday, the merger includes an agreement for SIA to contribute its share of any funding previously provided by Tata prior to the completion of the merger, together with relevant funding costs up to Rs 5,020 crore that would allow it to maintain a 25.1% stake in Air India. "SIA's additional capital injection is expected to be Rs 31,945 million (equivalent to SGD 498 million), based on Tata's funding to Air India to date. This will occur after the completion of the merger and within November 2024 through subscription to new Air India shares. "Future capital injections will be considered based on Air India's requirements and available funding options," according to the release issued while announcing the airline's financial performance for the six months ended September 2024. The merger of Vistara with Air India will mark a major consolidation in the fast-growing Indian aviation space. SIA said the merged entity will have a significant presence across all key Indian air travel segments, including domestic, international, full-service, and low-cost operations. "This will strengthen SIA's multi-hub strategy, allowing it to continue participating directly in India's large and fast-growing aviation market," it added. Recently, Air India and SIA agreed to significantly expand their codeshare agreement, adding 11 Indian cities and another 40 international destinations to their network.

Singapore Airlines to invest additional Rs 3,195 cr in Air India post-Vistara merger

The <keyword id="19901179" type="General" weightage="20" keywordseo="international-cricket-council" source="keywords">International Cricket Council</keyword> (<keyword id="19901177" type="General" weightage="20" keywordseo="ICC" source="keywords">ICC</keyword>) is mulling a dedicated fund of at least USD 15 million for <keyword id="19935483" type="General" weightage="100" keywordseo="Test-cricket" source="keywords">Test cricket</keyword> that will help increase the players' match fee and address the migration of talent to lucrative <keyword id="22888428" type="General" weightage="20" keywordseo="T20-franchise-leagues" source="keywords">T20 franchise leagues</keyword>. The initiative, which was was proposed by <keyword id="19897940" type="General" weightage="20" keywordseo="Cricket-Australia" source="keywords">Cricket Australia</keyword> (CA), has the support of <keyword id="19901245" type="General" weightage="20" keywordseo="BCCI" source="keywords" meta.keywordsubtype="org" meta.entityname="BCCI" meta.hostid="261" meta.entityid="BCCI">BCCI</keyword> Secretary <keyword id="19930802" type="General" weightage="20" keywordseo="jay-shah" source="keywords">Jay Shah</keyword>, who is the front-runner to become the next ICC Chairman, and the <keyword id="20312896" type="General" weightage="20" keywordseo="England-and-Wales-Cricket-Board" source="keywords">England and Wales Cricket Board</keyword> (ECB), a report in 'The Sydney Morning Herald' stated. The fund would increase the minimum match payment for Test players and cover the cost of sending teams on overseas tours. It would support national boards like the West Indies that currently struggle to compete with the wages offered in global T20 competitions. "The fund would ensure a minimum Test payment for all players, thought to be USD 10,000, and pay the costs of overseas tours for struggling countries," the report stated. "It's fantastic to see some momentum behind the Test match fund," CA chairman <keyword id="21076759" type="General" weightage="20" keywordseo="mike-baird" source="keywords">Mike Baird</keyword>, who floated the concept in January, said. "We need to take away the barriers and encourage Test cricket to be the best of the best. To retain that history and that legacy, which goes alongside the newer forms of white ball cricket," he added. The fund is unlikely to benefit the three wealthiest cricket nations — India, Australia, and England — since they already offer substantial salaries to their players. However, how much money is available for Test cricket from the ICC is also likely to depend on a dispute with broadcaster Star, the report added. The Star network wants to renegotiate a 2022 broadcast deal with the ICC and reduce its value to half of the original cost of over USD three billion. The BCCI had introduced an incentive scheme for India's men's Test cricketers earlier this year to encourage players to prioritise Test cricket and reward consistent performances in the longest format of the game. Under the new scheme, a player who plays at least 75 per cent of India's Test matches in its annual cycle, from October to September, will earn a whopping Rs 45 lakh per match in addition to the Test match fees of Rs 15 lakh. The players who feature in the 50-75 per cent games bracket will earn a bonus of Rs 30 lakh per match. The non-playing members — if selected in the squad — will be paid half the amount.

ICC planning multi-million dollar fund to save Test cricket: Report

New Delhi [India], March 6 (ANI): The <keyword id="19899810" type="General" weightage="20" keywordseo="reserve-bank-of-india" source="keywords">Reserve Bank of India</keyword> (<keyword id="19899808" type="General" weightage="20" keywordseo="rbi" source="keywords">RBI</keyword>) has issued a directive aimed at enhancing consumer choice and competition in the credit card market. In a circular released on Wednesday, the RBI mandated that card issuers must provide their eligible customers with the option to choose from multiple card networks at the time of issuance or renewal. According to a press release, the central bank prohibited card issuers from entering into agreements with card networks that restrict them from availing the services of other card networks. The directive addresses concerns raised about restrictive practices prevalent in the credit card industry. The RBI identified arrangements between card issuers and card networks that limit customer choice as detrimental to the availability of options in the market. By taking decisive steps to promote consumer choice and fair competition, the RBI aims to foster a more dynamic and inclusive financial ecosystem. Key highlights of the RBI directive include the requirement for card issuers to offer eligible customers the choice of selecting from multiple card networks at the time of issuance or renewal of credit cards. This provision seeks to empower consumers by providing them with greater flexibility and control over their financial products. Additionally, the RBI has banned card issuers from entering into agreements with card networks that restrain them from availing the services of other card networks, aiming to promote fair competition and prevent anti-competitive practices. The directive provides definitions for authorized card networks, including American Express Banking Corp., Diners Club International Ltd., MasterCard Asia/Pacific Pte. Ltd., <keyword id="20846648" type="General" weightage="20" keywordseo="national-payments-corporation-of-india-rupay" source="keywords">National Payments Corporation of India-Rupay</keyword>, and <keyword id="20846647" type="General" weightage="20" keywordseo="visa-worldwide-pte" source="keywords">Visa Worldwide Pte</keyword>. <keyword id="20040916" type="General" weightage="20" keywordseo="limited" source="keywords">Limited</keyword>. Certain exemptions have been outlined as well, including an exemption for credit card issuers with a smaller customer base of 10 lakh or fewer active cards. The implementation timeline for the directive is set to be six months from the date of issuance of the circular, allowing card issuers and card networks sufficient time to comply with the new requirements. The directive underscores the RBI's commitment to promoting transparency, choice, and competition in the credit card market, with a focus on creating a more consumer-friendly financial ecosystem. With the issuance of this directive, the RBI reaffirms its role as a proactive regulator dedicated to safeguarding the interests of consumers and promoting a competitive and resilient financial system. (ANI)

RBI directs card issuers to offer choice among card networks, bans restrictive agreements

India's space and <keyword id="20691202" type="General" weightage="20" keywordseo="satellite-sector" source="keywords">satellite sector</keyword> is poised for a significant transformation following the recent decision to permit local satellite companies to utilise foreign orbital resources for the first time. This landmark move, orchestrated by India's national space regulator <keyword id="20028218" type="General" weightage="20" keywordseo="IN-SPACe" source="keywords" meta.keywordsubtype="org" meta.entityname="IN-SPACe" meta.hostid="261" meta.entityid="IN-SPACe">IN-SPACe</keyword>, is set to revolutionise the landscape of <keyword id="21282723" type="General" weightage="20" keywordseo="satellite-communications" source="keywords">satellite communications</keyword> (<keyword id="19936238" type="General" weightage="100" keywordseo="satcom" source="keywords">satcom</keyword>) services within the country. If you have experienced your mobile signal weakening during road trips, this is because our devices rely on terrestrial mobile towers that transmit and receive data. As you move away from built-up areas, you also move away from these towers, which hinders your device’s ability to access networks. On the other hand, satellite devices (as the name suggests) directly tap into the satellites orbiting our Earth, meaning they have access to some network from just about anywhere on the planet. This is extremely useful for communication in remote areas, such as lesser-developed villages and mountainous regions. Satellite devices are especially important in emergency situations since they aren’t relying on fragile land-based communication infrastructure. <cmsannotation type="cmsannotation" annotationid="More affordable communication?" comment="subhead" text="More affordable communication?">More affordable communication?</cmsannotation> Previously, Indian satellite players — an industry still very much in its nascent stage — were constrained by reliance solely on domestic orbital resources, which often proved to be limited and costly. However, with the new IN-SPACe guidelines, Indian entities can now leverage surplus international satellite capacities to deliver satcom services at competitive rates, promising better services and affordability for end-consumers. This initiative opens doors for Indian companies to access non-Indian orbital slots and associated frequencies, a crucial development that fosters competition and innovation in the satcom sector. By tapping into global capacities, Indian players can expand their service offerings and enhance their competitiveness in the market. Pranav Roach, President of Hughes Network Systems India Ltd, lauded the decision, emphasising the greater flexibility it provides to satcom players in delivering <keyword id="21433895" type="General" weightage="20" keywordseo="broadband-services" source="keywords">broadband services</keyword> across India. Similarly, industry executives anticipate a surge in local participation in the Indian space services sector, driven by the newfound commercial options enabled by access to non-Indian orbital resources. <cmsannotation type="cmsannotation" annotationid="Reliance, Starlink, OneWeb, Globalstar express interest" comment="subhead" text="Reliance, Starlink, OneWeb, Globalstar express interest">Reliance, <keyword id="7612156" type="General" weightage="20" keywordseo="starlink" source="Orion">Starlink</keyword>, OneWeb, <keyword id="4771035" type="General" weightage="20" keywordseo="globalstar" source="Orion">Globalstar</keyword> express interest</cmsannotation> The implications extend beyond the domestic market, with global satellite giants such as Bharti Mittal-backed <keyword id="20253140" type="General" weightage="20" keywordseo="eutelsat-oneweb" source="keywords">Eutelsat OneWeb</keyword>, Amazon and <keyword id="6354504" type="General" weightage="20" keywordseo="reliance-jio" source="Orion">Reliance Jio</keyword> expressing interest in leveraging India's burgeoning satcom market. Elon Musk’s Starlink — which was instrumental in emergency communications during the conflicts in Ukraine and Gaza — is also eyeing the country’s satcom market. Globalstar, the American satcom company behind the emergency SOS services in Apple iPhones, has also been seeking clearances to launch similar services in India. If approved, upcoming handsets by the tech giant could be equipped with the potentially life-saving tech as well.

India's satcom sector to take off as IN-SPACe allows Indian players access to international orbital data

The <keyword id="19906063" type="General" weightage="100" keywordseo="ipl" source="keywords">IPL</keyword> mega auction 2024 kickstarted at 3 pm today at the Abady Al-Johar arena in Jeddha, Saudi Arabia. It will continue till tomorrow, and viewers can tune into Star Sports network on television and the JioCinema App. A total of 574 players were released by the respective franchise ahead of the mega auction. Of the 574 players, 366 are Indian, while 208 are overseas, including three from associate nations. The auction will see 318 Indian uncapped players and 12 uncapped overseas players in contention. There are 204 slots available, with 70 reserved for overseas players. The highest reserve price is set at Rs 2 crore, with 81 players opting for this bracket. The largest segment comprises players with a base price of Rs 30 lakh, totalling 320. The first set includes <keyword id="19904097" type="General" weightage="20" keywordseo="shreyas-iyer" source="keywords">Shreyas Iyer</keyword>, Rishabh Pant, and Arshdeep Singh, while the second features KL Rahul, <keyword id="20038368" type="General" weightage="20" keywordseo="yuzvendra-chahal" source="keywords">Yuzvendra Chahal</keyword>, Mohammed Shami, and Mohammed Siraj. The overseas marquee players are Mitchell <keyword id="19928915" type="General" weightage="20" keywordseo="starc" source="keywords">Starc</keyword>, Jos Buttler, Liam Livingstone, David Miller, and Kagiso Rabada. Several teams will deploy Right-to-Match (RTM) cards during the auction. The Kolkata Knight Riders (KKR) and Rajasthan Royals (RR), having retained six players each--the maximum allowed--will not have any RTM cards. Punjab Kings (PBKS) hold four RTMs, Royal Challengers Bengaluru (RCB) three, and Delhi Capitals (DC) two. Chennai Super Kings (CSK), Gujarat Titans (GT), Lucknow Super Giants (LSG), and Mumbai Indians (MI) each have one RTM. RTM cards enable teams to buy back released players by matching the highest bid. In this auction, the team with the highest bid can increase their offer once more, after which the team holding the RTM card can match the final bid to secure the player. The IPL 2025 Mega Auction promises to deliver high-stakes action, with marquee players and strategic manoeuvres set to enthral cricket fans. A total of 12 marquee players, including Indian stars like Shreyas Iyer, Rishabh Pant and KL Rahul have created a lot of buzz within the cricket fraternity. A total of 574 players have been shortlisted from an initial pool of 1,574 names. These players will go under the hammer from November 24-25 in Jeddah. The list includes 208 overseas players, 12 uncapped overseas talents, and 318 uncapped Indian players, according to Wisden. Here is a look at all the marquee players who will be going under the hammer: Jos Buttler (England) Buttler is one of finest white-ball batters of this generation, with 11,929 runs, eight centuries and 83 fifties to his name in 427 T20s. A T20 World Cup-winning captain for England, Buttler made a name for himself in the IPL during his stint with Rajasthan Royals (RR) from 2018 to 2024. For RR since 2018, Buttler scored 3,055 runs at an average of 41.84 and a strike rate of 147.79, with 7 centuries and 18 fifties. His best score was 124. He is the team's third-highest run-getter of all time. The IPL 2022, in which RR finished as runners-up, was the zenith of Buttler's career, as he ended up on the top of run-scoring charts, with 863 runs in 17 matches at an average of 57.53 and a strike rate of over 149, with four centuries and four fifties. His best score was 116. In the last season, Buttler scored 359 runs in 11 matches at an average of 39.88, with two centuries. Buttler also represented Mumbai Indians (MI) from 2016-17, scoring 527 runs in 24 matches with one half-century. He won the title with them in 2017. Shreyas Iyer (<keyword id="19895063" type="General" weightage="20" keywordseo="india" source="keywords">India</keyword>) Iyer has played all formats for India, proving his mettle mostly in ODI cricket, where he averages 47 and has scored five centuries and 18 fifties in 57 ODIs. In 51 T20Is for India, Iyer has scored 1,104 runs at an average of 30.66 and a strike rate of over 136, with eight half-centuries and best score of 74*. During his time with Delhi Capitals (2015-21), he earned a reputation as a fierce young leader, taking DC to finals in 2021. After joining Kolkata Knight Riders (KKR) in 2022, Iyer went one step further and won the franchise its third IPL title, its first in 10 years, this year. Throughout the season, Iyer along with mentor Gautam Gambhir, led the team's aggressive, high-scoring brand of cricket from the front. In his IPL career, Iyer has scored 2,375 runs at an average of 31.67, with a strike rate of 123.96 and 16 half-centuries. His best score is 96. In his last season for KKR, he scored 351 runs in 15 matches at an average of 39.00 and a strike rate of over 146, making two fifties. Rishabh Pant (India) The swashbuckling wicketkeeper-batter is an all-format for India and a livewire on the field. Having proven himself as a man for big stages in Test cricket, Pant's T20 game is just as solid. Though he has scored 1,209 runs in 76 T20Is at an underwhelming average of 23.25, strike rate of almost 128 and just three fifties, his overall T20 numbers are way better, having made 5,022 runs in 202 matches at an average of 31.78, strike rate of over 145, with two centuries and 25 fifties. Pant has represented Delhi Capitals (DC) for his entire IPL career since 2016, scoring 3,284 runs in 110 matches at an average of 35.31, with a century and 18 fifties. He was appointed as the team's captain in 2021 and led them to playoffs in the same season. During this last season, which marked his return from competitive cricket after a serious road accident in 2022-end, Pant scored 446 runs in 13 matches at an average of 40.54 and a strike rate of 155.40, with three fifties and best score of 88*. He was the leading run-scorer for DC. Kagiso Rabada (South Africa) The South African pacer is among the best in the world, having taken 71 wickets in 65 T20Is. He is the part of the SA team which reached the T20 World Cup finals this year and took 13 wickets in nine matches. Rabada has played T20 leagues and competitions worldwide and taken 264 scalps in 211 matches. In the IPL, Rabada has represented Delhi Capitals and Punjab Kings, having taken 117 wickets in 80 matches. With PBKS from 2022-2024, he took 41 wickets in 30 matches while with DC from 2017-2021, he took 76 wickets in 50 matches. In 11 matches last season for Punjab Kings, he took 11 wickets at an average of 33.81. Arshdeep Singh (India) A brilliant left-arm pacer for his swing and wicket-taking abilities, Arshdeep has represented India in 59 T20Is and has already taken 92 wickets at an average of 18.47, making him the most successful pacer for India in T20Is and their second-highest wicket-taker of all-time despite debuting only in 2022. The youngster was a crucial part of India's T20 WC winning squad this year and was the joint-highest wicket-taker in the tournament with 17 wickets in eight matches at an average of 12.47. Since 2019, the year of his IPL debut, Arshdeep has represented the Punjab Kings in 65 matches, taking 76 wickets at an average of 27.00 and best figures of 5/32. The season this year was his strongest-ever showing, taking 19 wickets in 14 matches at an average of 26.58. Mitchell Starc (Australia) A multi-time world champion with Australia across all formats, Starc is considered as one of the deadliest pacers of this era, having taken 681 wickets in 281 matches. In 65 T20Is for Australia, he has taken 79 wickets at an average of 23.81. in 142 T20Is played worldwide, he has taken 193 wickets at an average of 20.59 and best figures of 4/15. After two seasons with Royal Challengers Bengaluru (RCB) from 2014-15, Starc made his IPL return this year as the most expensive player ever, brought by Kolkata Knight Riders (KKR) for Rs 24.75 crores. Though he delivered mixed returns during the league stage, the 'Big Match Starc' came into play during playoffs, delivering outstanding spells of 3/34 and 2/14 against <keyword id="19959099" type="General" weightage="20" keywordseo="sunrisers-hyderabad" source="keywords">Sunrisers Hyderabad</keyword> (SRH) in the Qualifier 1 and final. He ended the season with 17 wickets in 14 matches at an average of 26.12 including a four-wicket haul. So far in his IPL career, Starc has taken 51 wickets in 41 matches. Yuzvendra Chahal (India) The Indian spin veteran is the chart-topping bowler, owning the most wickets by an Indian in T20is and by any bowler in the IPL. In the IPL, Chahal has taken 205 wickets in 160 matches at an average of 22.44, with best figures of 5/40. In 80 T20Is he has taken 96 wickets at an average of 25.09 with best figures of 6/25. Also in all of T20s, he has taken 354 wickets in 305 matches, the most by an Indian bowler. Chahal remains the leading wicket-taker for Royal Challengers Bengaluru (RCB), even after departing in 2021 following a tenure that began in 2014. In 113 matches for RCB, he took 139 wickets at an average of 22.03, with a best of 4/25. Since joining Rajasthan Royals (RR) in 2022, Chahal has helped the team reach the playoffs twice in three seasons. He is also the leading wicket-taker in IPL history, amassing 205 wickets in 160 matches at an average of 22.44, with a best of 5/44. He won the Purple Cap in 2022, his debut season with RR, securing 27 wickets in 17 matches at an average of 19.51, with best figures of 5/40. During the 2024 season, he took 18 wickets in 15 matches at an average of 30.33. Liam Livingstone (England) A T20 World Cup-winning all-rounder, Liam has scored 877 runs in 53 T20Is at an average of 27.40 and a strike rate of almost 152, with a century and two fifties. With his useful right-arm spin, he has taken 32 wickets at an average of over 23, with best figures of 3/17. He owns the record for fastest T20I ton by an England player, in just 42 balls. The batting all-rounder has played for Rajasthan Royals (RR) and Punjab Kings (PBKS) since his tournament debut in 2019, scoring 939 runs in 39 matches at a strike rate of 162.46 and six fifties. He has also taken 11 wickets. His best has come with Punjab, who signed him for Rs 11.5 crores ahead of the 2022 season, which proved to be his breakthrough, scoring 437 runs in 14 matches with four fifties and a strike rate of 182.08 and getting six wickets in 14 matches. In the last season, Livingstone scored 111 runs in seven matches at an average of 22.20, striking at over 142 and having the best score of 38*. David Miller (South Africa) An elite T20 finisher, Miller is considered as one of the modern white-ball greats for South Africa. In 128 matches for Proteas, he has made 2,473 runs at an average of 32.54, striking at almost 140, with two centuries and seven fifties. In the IPL, Miller is known for his stints with Punjab Kings, Rajasthan Royals and Gujarat Titans. His stint with Punjab from 2012-19 made him a valuable IPL commodity, as he enjoyed his peak years from 2013-15, reaching the finals in 2014. After a few years' of underwhelming performances and being benched, GT placed trust in his finishing abilities and he repaid the faith with a 481-run season in 16 matches with two fifties, playing a crucial role in the team's title win in his debut season. Miller is also known for his fine performances in knockout games. In 41 matches for GT, he has scored 950 runs at an average of 45.24, with three fifties in 38 innings and a strike rate of 145.26. In the last season, he scored 210 runs at an average of 35.00 and a strike rate of over 151, with a half-century. KL Rahul (India) A versatile batter for India across all formats. He can open, bat in middle-order, anchor and accelerate. A highly capable wicketkeeper-batter as well. He is India's fourth-highest run-getter in T20Is, scoring 2,265 runs in 72 matches at an average of 37.75, striking at almost 140 with two centuries and 22 fifties to his name. In 132 IPL matches since his debut in 2013, KL has played for Sunrisers Hyderabad, Royal Challengers Bengaluru, Punjab Kings and Lucknow Super Giants, even going on to captain the latter two teams. In 132 matches, he has scored 4,683 runs at an average of 45.47 and a strike rate of 134.61, with four centuries and 37 fifties. For LSG since 2022, he has scored 1,410 runs at an average of 41.47, with a strike rate of 130.68, two centuries and 10 fifties. He has never won an IPL title. In 14 matches last season, he scored 520 runs at an average of 37.14 and a strike rate of 136.12 and four half-centuries. His best score was 82 and he ended up as seventh-highest run-getter in the season. Mohammed Shami (India) The Indian pace veteran has represented India in all formats, having taken 448 wickets in 188 matches. His finest hour in an Indian jersey came during the 50-over World Cup at home last year, where he emerged as the leading-wicket-taker with 24 wickets in just seven matches and played a crucial role in India's runners-up finish. In IPL, Shami has played for Delhi Capitals, Punjab Kings, Kolkata Knight Riders and Gujarat Titans. He has taken 127 wickets in 110 matches at an average of 26.86. Shami was the Purple Cap holder for most wickets in GT's 2023 runners-up season and has taken 48 wickets in 33 matches at an average of 21.04 for the team. This also remains his last IPL season as he missed the previous season due to an ankle injury. Mohammed Siraj (India) Siraj is a solid all-format pacer for India, having taken 165 wickets across 91 matches, with a lot of match-winning performances in overseas Tests. He is the ICC T20 World Cup 2024 winner with the team. In his IPL career, he has played for Sunrisers Hyderabad and Royal Challengers Bengaluru (RCB) from his debut in 2017, taking 93 wickets in 93 matches at an average of 30.34. Since 2018, he has been a vital part of RCB's pace attack, having taken 83 wickets in 87 matches at an average of 31.45 and best figures of 4/21. In the last season this year, he took 15 wickets in 14 matches at an average of 33.07, playing a crucial role in the team's inspirational playoffs qualification. (ANI) A total of 1,574 players will go under the hammer in the upcoming IPL 2025 mega auction in Jeddah, Saudi Arabia on Sunday and Monday which includes 1,165 Indian players and 409 overseas players, all competing for a place in the world's premier T20 league. The comprehensive list of registered players features 320 capped players, 1,224 uncapped players, and 30 players from Associate Nations. Specifically, the breakdown includes 48 capped Indian players, 272 capped international players, 152 uncapped Indian players who previously played in IPL seasons, 3 uncapped international players with prior IPL experience, 965 uncapped Indian players, and 104 uncapped international players. Among the 409 overseas players, Australia leads with 76 registrations, followed by South Africa with 91, and England with 52. Other notable countries include New Zealand with 39, West Indies with 33, Afghanistan and Sri Lanka with 29 each, and the USA with 10 players. Players from Bangladesh (13), Ireland (9), Canada (4), Netherlands (12), Zimbabwe (8), Scotland (2), UAE (1), and Italy (1) have also registered. With each of the ten IPL franchises able to fill a maximum squad of 25 players, 204 slots will be available at the IPL 2025 player auction. The event promises to be highly competitive as teams build their rosters for the next three years.

IPL 2025: What can you expect from the mega auction at Jeddah in Saudi Arabia?

Bengaluru: Last week, <keyword id="19902762" type="General" weightage="100" keywordseo="Google" source="keywords" meta.keywordsubtype="org" meta.entityname="Google" meta.hostid="265" meta.entityid="Google">Google</keyword> unveiled a series of new AI-powered partnerships aimed at advancing healthcare, <keyword id="19895783" type="General" weightage="20" keywordseo="sustainability" source="keywords">sustainability</keyword>, and agriculture in India The tech giant is collaborating with both local and international organisations to implement AI-driven solutions in <keyword id="21690244" type="General" weightage="20" keywordseo="diabetic-retinopathy" source="keywords">diabetic retinopathy</keyword> screening, urban waste management, and agricultural development. According to Google, these announcements were made during a roundtable in Bengaluru, marking the fifth anniversary of Google's Research Lab in the city. This follows the 10th edition of the Google for India event, which showcased the potential of AI to benefit individuals, businesses, and society at large. Dr Manish Gupta, Research Director of Google DeepMind, stated, "Collaborating with key Indian organisations, our focused research in India across language understanding, healthcare, agriculture, and sustainability is helping tackle many of the country's unique challenges and creating AI-led solutions that will improve billions of lives." Google is working with <keyword id="23588208" type="General" weightage="20" keywordseo="Forus-Health" source="keywords" meta.keywordsubtype="org" meta.entityname="Forus Health" meta.hostid="265" meta.entityid="Forus Health">Forus Health</keyword> and AuroLab in India and Perceptra in Thailand to provide 6 million AI-assisted screenings for diabetic retinopathy over the next decade. These screenings aim to detect and prevent blindness in diabetic patients, particularly in resource-limited communities. The AI model has already supported over 600,000 screenings worldwide, with initial research and deployment carried out in India. Sunny Virmani, Group Product Manager, Health AI Research at Google, remarked, "From our initial research to the first patient screening in Madurai, India, we've been committed to translating AI's potential into meaningful change for people globally. And now the partnerships with Forus Health, AuroLab, and Perceptra are helping us expand on this commitment, as a global network of innovators comes together to eradicate preventable blindness due to diabetic retinopathy." Google's CircularNet, an AI-driven computer vision model for waste management, is being deployed in partnership with Bengaluru-based Saahas Zero Waste. CircularNet helps identify and sort plastic waste, facilitating recycling and reducing the strain on landfills. Powered by Google's TensorFlow, the model has shown approximately 85% accuracy in detecting plastic waste during a pilot programme, potentially boosting revenue for material recovery facilities by 10-12%. To support data-driven decision-making in agriculture, Google is also opening its Agricultural Landscape Understanding (ALU) Research API to developers. The API leverages satellite imagery and machine learning to provide farm-level insights, such as field boundaries, water bodies, and vegetation. The technology aims to optimise resource allocation and guide sustainable farming practices in India. (ANI)

Google announces AI-led collaborations for India's health, sustainability, and agriculture sectors

<keyword id="19923231" type="General" weightage="100" keywordseo="Air-India-Express" source="keywords" meta.keywordsubtype="org" meta.entityname="Air India Express" meta.hostid="261" meta.entityid="Air India Express">Air India Express</keyword>, part of the <keyword id="19924335" type="General" weightage="20" keywordseo="Tata-Group" source="keywords" meta.keywordsubtype="org" meta.entityname="Tata Group" meta.hostid="261" meta.entityid="Tata Group">Tata Group</keyword>, is set to reconfigure its aircraft starting in April 2025 and will be focusing solely on <keyword id="23932064" type="General" weightage="20" keywordseo="economy-class-seating" source="keywords">economy class seating</keyword>, a PTI report says. This follows the merger of AIX Connect (formerly AirAsia India) with Air India Express on October 1, marking a major step in Tata’s broader consolidation of its airline operations. Currently operating a fleet of 90 aircraft, including Boeing 737s and A320s, Air India Express has plans to expand its reach, particularly to smaller cities and towns. The airline aims to simplify its fleet by eliminating <keyword id="21350335" type="General" weightage="20" keywordseo="business-class" source="keywords">business class</keyword> seats, opting instead for a uniform economy layout across its narrow-body planes. The decision comes as the airline faces supply chain challenges that have delayed the delivery of new aircraft. To bridge the gap, it has already inducted 35 white-tail Boeing 737-8 planes, with plans to add 15 more in the coming months. White-tail aircraft are planes originally manufactured for other carriers and later repurposed by Air India Express. These planes, often with varying business class configurations, will be reconfigured to fit the airline’s new model. The PTI report adds that by eliminating business class, the airline aims to better serve its core market—connecting <keyword id="20567886" type="General" weightage="20" keywordseo="Tier-2-and-Tier-3-cities" source="keywords">Tier 2 and Tier 3 cities</keyword> with major metropolitan hubs, while expanding its international network. In addition to strengthening its domestic routes, Air India Express plans to focus on regional international flights, particularly to destinations in the Gulf, Southeast Asia, and eventually South Asia. Air India Express’ network strategy is closely aligned with that of the larger Tata Group’s airline portfolio, which includes Air India, Vistara, and the recently merged AIX Connect. As part of this consolidation, Air India Express aims to meet growing demand for affordable travel between smaller towns and metros, a market segment identified as a key growth area. The move towards an economy-only fleet reflects broader industry trends, with many <keyword id="20314404" type="General" weightage="20" keywordseo="low-cost-carriers" source="keywords">low-cost carriers</keyword> focusing on streamlining operations to reduce costs and improve efficiency. Air India Express plans to increase its fleet to over 110 aircraft by the end of the financial year, with further additions expected in the future. (with PTI inputs)

Air India Express to bid adieu to business class seats next year, will turn into economy only airlines

Domestic smartphone brand <keyword id="19895414" type="General" weightage="20" keywordseo="lava" source="keywords">Lava</keyword> on Tuesday launched a new smartphone -- the <keyword id="20837015" type="General" weightage="20" keywordseo="blaze-curve" source="keywords">Blaze Curve</keyword> 5G, with a 64MP camera and 6.67-inch 120Hz 3D Curved AMOLED display. Starting at Rs 17,999, the smartphone comes in two colour variants -- Iron Glass and <keyword id="20837016" type="General" weightage="20" keywordseo="viridian-glass" source="keywords">Viridian Glass</keyword>. It will be available for purchase on Amazon.in, Lava E-store and across the Lava Retail Network from March 11. "Developed to meet the aspirations of Indian consumers in the sub-20K price range, our aim with the Blaze series is to provide a world-class experience to our customers," <keyword id="20837017" type="General" weightage="20" keywordseo="sunil-raina" source="keywords">Sunil Raina</keyword>, Managing Director, <keyword id="19923300" type="General" weightage="20" keywordseo="lava-international" source="keywords">Lava International</keyword>, said in a statement. The smartphone comes powered by MediaTek Dimensity 7050 processor and is equipped with 8GB RAM and 128/256GB ROM. According to the company, it comes with a Premium AG Glass Back design and boasts a 64MP primary rear camera (Sony sensor) with EIS support along with 8MP Ultrawide and 2MP Macro with LED Flash. The device comes equipped with a 32MP front camera, ensuring crisp and detailed selfies. It offers a 5000mAh battery and supports fast charging with a 33W charger. The Blaze Curve 5G runs on bloatware-free, ad-free and clean Android 13. The company said that it will be providing regular software updates, including assured upgrades to Android 14 and 15, along with quarterly security enhancement for three years. SEE ALSO:<a href="https://www.businessinsider.in/business/auto/news/electric-two-wheeler-sales-grow-by-24-in-february-2024-ola-electric-leads-with-over-40-market-share/articleshow/108227956.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/electric-two-wheeler-sales-grow-by-24-in-february-2024-ola-electric-leads-with-over-40-market-share/articleshow/108227956.cms" target="_blank">Electric two-wheeler sales grow by 24% in February 2024, Ola Electric leads with over 40% market share</a><a href="https://www.businessinsider.in/business/auto/news/byd-seal-electric-sedan-launched-in-india-starting-at-41-lakh/articleshow/108234000.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/byd-seal-electric-sedan-launched-in-india-starting-at-41-lakh/articleshow/108234000.cms" target="_blank">BYD Seal electric sedan launched in India starting at ₹41 lakh</a><a href="https://www.businessinsider.in/stock-market/news/mukka-proteins-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/108212514.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/mukka-proteins-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/108212514.cms" target="_blank">Mukka Proteins IPO allotment – How to check allotment, GMP, listing date and more</a>

Lava Blaze Curve 5G launched in India starting at ₹17,999

Going on a journey beyond borders is a dream shared by many Indian travellers seeking experiences beyond the ordinary. In 2024, the world will unveil its treasures, inviting discerning travellers to immerse themselves in opulence and cultural richness. Here's an in-depth exploration of the top high-end <keyword id="20881378" type="General" weightage="20" keywordseo="international-destinations" source="keywords">international destinations</keyword> tailored for Indian travellers, promising unforgettable escapades and cherished memories. <cmsannotation type="cmsannotation" annotationid="Paris, France: The Quintessence of Romance and Elegance" comment="subhead" text="Paris, France: The Quintessence of Romance and Elegance">Paris, France: The Quintessence of Romance and Elegance</cmsannotation> <div type="image" title="1" msid="110879775" hostid="261" sizebytes="1607983" caption="&amp;lt;p&amp;gt;The Eiffel Tower&amp;lt;/p&amp;gt;"></div>Paris, often dubbed the "City of Love and Lights," exudes an irresistible charm with its romantic ambience, exquisite cuisine, and iconic landmarks. From the grandeur of the Eiffel Tower to the artistic allure of the Louvre Museum, Paris captivates with its timeless elegance. Must-Do: Savor the flavours of French gastronomy at Michelin-starred restaurants, meander along the picturesque banks of the Seine River, and explore the enchanting neighbourhoods of Montmartre and Le Marais, each exuding its unique allure. Best time to visit: The best times to visit are in the spring (April to June) and fall (September to November) when the weather is mild, and the tourist crowds are smaller. <cmsannotation type="cmsannotation" annotationid="Santorini, Greece: A Mesmerizing Gem in the Aegean Sea" comment="subhead" text="Santorini, Greece: A Mesmerizing Gem in the Aegean Sea">Santorini, Greece: A Mesmerizing Gem in the Aegean Sea</cmsannotation> <div type="image" title="2" msid="110879781" hostid="261" sizebytes="2272895" caption="&amp;lt;p&amp;gt;Breathtaking sunset over the iconic blue domes of Oia.&amp;lt;/p&amp;gt;"></div>Santorini emerges as a Mediterranean paradise, boasting breathtaking sunsets, cascading whitewashed buildings, and crystalline waters that beckon travellers seeking serenity and luxury. Its postcard-perfect landscapes and romantic ambience make it a coveted destination for couples and discerning travellers alike. Must-Do: Delight in the spectacle of the sunset in Oia, immerse yourself in the ancient history of Akrotiri's ruins, and take on a culinary journey through local vineyards, indulging in the flavours of Santorini's renowned wines. Best time to visit: The ideal time is from late April to early November, with the peak season being June to September. For fewer crowds, visit in May or October. <cmsannotation type="cmsannotation" annotationid="Kyoto, Japan: An Ode to Tradition and Tranquility" comment="subhead" text="Kyoto, Japan: An Ode to Tradition and Tranquility">Kyoto, Japan: An Ode to Tradition and Tranquility</cmsannotation> <div type="image" title="3" msid="110879794" hostid="261" sizebytes="1559841" caption="&amp;lt;p&amp;gt;The serene beauty of Kyoto&amp;#39;s Golden Pavilion in autumn.&amp;lt;/p&amp;gt;"></div>Kyoto stands as a timeless testament to Japan's rich cultural heritage, offering a serene sanctuary amidst bustling modernity. With its ornate temples, meticulously tended gardens, and traditional tea houses, Kyoto invites travellers to delve into a world of tranquillity and spiritual enlightenment. Must-Do: Wander through the hallowed grounds of Kinkaku-ji (Golden Pavilion) and Fushimi Inari Shrine, partake in a tea ceremony steeped in centuries of tradition, and stroll along the historic alleyways of Gion, where geishas gracefully traverse the streets. Best time to visit: The best times are during the cherry blossom season (late March to early April) and the autumn foliage period (October to November). <cmsannotation type="cmsannotation" annotationid="Dubai, UAE: A Oasis of Extravagance and Innovation" comment="subhead" text="Dubai, UAE: A Oasis of Extravagance and Innovation">Dubai, UAE: A Oasis of Extravagance and Innovation</cmsannotation> <div type="image" title="4" msid="110879800" hostid="261" sizebytes="2091447" caption="&amp;lt;p&amp;gt;The Burj Khalifa pierces the sky in Dubai&amp;#39;s futuristic skyline.&amp;lt;/p&amp;gt;"></div>Dubai, a glittering metropolis rising from the desert sands, epitomises luxury and innovation on an unprecedented scale. With its futuristic skyline, world-class shopping malls, and awe-inspiring attractions, Dubai offers an unparalleled playground for affluent travellers. Must-Do: Ascend to dizzying heights atop the Burj Khalifa, indulge in a shopping spree at the sprawling Dubai Mall, and savour culinary delights at Michelin-starred restaurants offering cuisines from around the globe. Best time to visit: The best time to visit is between November and March when the weather is pleasant and suitable for outdoor activities. Read - <a href="https://www.businessinsider.in/travel/international/article/best-places-to-visit-in-dubai-with-family/articleshow/110557185.cms" data-type="tilCustomLink" target="_blank">Best places to visit in Dubai with Family</a> <cmsannotation type="cmsannotation" annotationid="Bora Bora, French Polynesia: A Paradise Untouched by Time" comment="subhead" text="Bora Bora, French Polynesia: A Paradise Untouched by Time">Bora Bora, French Polynesia: A Paradise Untouched by Time</cmsannotation> <div type="image" title="5" msid="110879811" hostid="261" sizebytes="1964774" caption="&amp;lt;p&amp;gt;Overwater bungalow float on Bora Bora&amp;#39;s turquoise lagoon.&amp;lt;/p&amp;gt;"></div>Bora Bora, a jewel situated in the heart of the South Pacific, enchants with its pristine beaches, crystalline lagoon, and iconic overwater bungalows. Renowned for its unparalleled beauty and seclusion, Bora Bora beckons travellers seeking the epitome of tropical luxury. Must-Do: Dive into the azure depths of the lagoon to swim with sharks and rays, take on a sunset cruise to witness nature's spectacle, and pamper yourself with indulgent spa treatments inspired by Polynesian traditions. Best time to visit: The best time is during the dry season, from May to October, offering the most favourable weather conditions. <cmsannotation type="cmsannotation" annotationid="Venice, Italy: The City of Canals and Artistry" comment="subhead" text="Venice, Italy: The City of Canals and Artistry">Venice, Italy: The City of Canals and Artistry</cmsannotation> <div type="image" title="6" msid="110879827" hostid="261" sizebytes="1831656" caption="&amp;lt;p&amp;gt;A gondola glides through Venice&amp;#39;s picturesque canals.&amp;lt;/p&amp;gt;"></div>Venice is a city like no other, with its intricate network of canals, historic architecture, and rich artistic heritage. It's a haven for those seeking a blend of romance, history, and cultural splendour. Must-Do: Glide through the canals on a traditional gondola, marvel at the opulence of St. Mark's Basilica, and explore the art-filled galleries and museums. Don't miss the chance to witness the grandeur of the Venice Biennale, a world-renowned art exhibition. Best time to visit: Spring and fall offer pleasant weather and fewer crowds compared to the peak summer months. These periods provide a comfortable climate for exploring the city's landmarks and enjoying outdoor activities. <cmsannotation type="cmsannotation" annotationid="Reykjavik, Iceland: The Land of Fire and Ice" comment="subhead" text="Reykjavik, Iceland: The Land of Fire and Ice">Reykjavik, Iceland: The Land of Fire and Ice</cmsannotation> <div type="image" title="7" msid="110879835" hostid="261" sizebytes="2273631" caption="&amp;lt;p&amp;gt;Reykjavik&amp;#39;s snowy landscape&amp;lt;/p&amp;gt;"></div>Reykjavik, the vibrant capital of Iceland, serves as the perfect gateway to the country's dramatic landscapes, from volcanoes and glaciers to geysers and hot springs. It's an ideal destination for nature lovers and adventure seekers. Must-Do: Experience the ethereal Northern Lights, relax in the geothermal waters of the Blue Lagoon, and take a scenic drive along the Golden Circle to see geysers, waterfalls, and volcanic craters. Don't forget to explore the city's quirky cafes and vibrant nightlife. Best time to visit: Summer (June to August) offers mild temperatures, extended daylight, and accessible natural attractions. February to March is ideal for witnessing the Northern Lights under clear winter skies. <cmsannotation type="cmsannotation" annotationid="Cape Town, South Africa: A Fusion of Nature and Urban Elegance" comment="subhead" text="Cape Town, South Africa: A Fusion of Nature and Urban Elegance">Cape Town, South Africa: A Fusion of Nature and Urban Elegance</cmsannotation> <div type="image" title="8" msid="110879841" hostid="261" sizebytes="2369873" caption="&amp;lt;p&amp;gt;Table Mountain stands majestically over Cape Town.&amp;lt;/p&amp;gt;"></div>Cape Town is a dynamic city where stunning natural beauty meets sophisticated urban living. From the majestic Table Mountain to the picturesque Winelands, it offers a diverse array of experiences. Must-Do: Ascend Table Mountain for panoramic views, tour the historic Robben Island, and savour world-class wines in Stellenbosch and Franschhoek. The scenic drive along Chapman's Peak and a visit to the penguin colony at Boulders Beach are also must-dos. Best time to visit: November to March represents Cape Town's summer, featuring warm weather perfect for beach activities, outdoor adventures, and exploring vineyards. It's also the best time for festivals and cultural events. <cmsannotation type="cmsannotation" annotationid="Queenstown, New Zealand: The Adventure Capital of the World" comment="subhead" text="Queenstown, New Zealand: The Adventure Capital of the World">Queenstown, New Zealand: The Adventure Capital of the World</cmsannotation> <div type="image" title="9" msid="110879849" hostid="261" sizebytes="1925762" caption="&amp;lt;p&amp;gt;Adventure awaits in Queenstown&amp;#39;s stunning alpine scenery.&amp;lt;/p&amp;gt;"></div>Queenstown is renowned for its breathtaking scenery and thrilling outdoor activities, making it a paradise for adventure enthusiasts and nature lovers alike. Must-Do: Engage in adrenaline-pumping activities like bungee jumping, skydiving, and jet boating. Explore the serene beauty of Milford Sound, hike through stunning landscapes, and enjoy the vibrant dining scene that offers both local and international flavours. Best time to visit: Summer (December to February) is ideal for hiking, water sports, and sightseeing in mild weather. Winter (June to August) caters to skiing and snowboarding enthusiasts in the surrounding alpine resorts. <cmsannotation type="cmsannotation" annotationid="Malé, Maldives: An Idyllic Tropical Haven" comment="subhead" text="Malé, Maldives: An Idyllic Tropical Haven">Malé, Maldives: An Idyllic Tropical Haven</cmsannotation> <div type="image" title="10" msid="110879858" hostid="261" sizebytes="2187158" caption="&amp;lt;p&amp;gt;Pristine beaches and azure waters of the Maldives beckon.&amp;lt;/p&amp;gt;"></div>The Maldives offers an unparalleled luxury escape with its crystal-clear waters, coral reefs, and overwater villas. It's a top destination for those seeking relaxation and natural beauty. Must-Do: Snorkel or dive in the vibrant coral reefs, indulge in a private beach dinner under the stars, and take a seaplane ride for breathtaking aerial views of the atolls. Enjoy water sports, and spa treatments, and explore local island culture. Best time to visit: November to April marks the dry season, with calm seas, clear skies, and ideal conditions for snorkelling, diving, and beach relaxation. It’s the perfect time to experience the Maldives' underwater wonders and luxurious overwater villas. In 2024, the world unfolds its wonders, inviting Indian travellers to go on a journey of luxury, cultural immersion, and unparalleled experiences. Whether you find yourself strolling along the cobblestone streets of Paris, savouring the tranquillity of Kyoto's temples, or marvelling at the futuristic skyline of Dubai, each destination promises a tapestry of memories that will endure a lifetime. Embrace the allure of luxury escapades and let these <keyword id="16697455" type="General" weightage="20" keywordseo="Top-international-destinations" source="Orion">top international destinations</keyword> be the backdrop for your most cherished travel adventures yet. <cmsannotation type="cmsannotation" annotationid="Frequently asked questions" comment="subhead" text="Frequently asked questions">Frequently asked questions</cmsannotation> 1: What sets luxury travel apart from standard travel experiences? Luxury travel emphasises exclusivity, personalised service, and unparalleled comfort. It often includes stays at high-end accommodations, access to unique experiences, and VIP treatment, elevating the overall travel experience. 2: Are these luxury destinations suitable for families with children? While some luxury destinations cater primarily to couples or adult travellers, many offer family-friendly amenities and activities. It's essential to research specific destinations and accommodations to ensure they meet the needs and preferences of your family. 3: What precautions should travellers take when planning luxury travel in 2024, considering global uncertainties? Travellers should stay informed about travel restrictions, health and safety guidelines, and entry requirements for their chosen destinations. It's advisable to purchase travel insurance that provides coverage for trip cancellations, medical emergencies, and other unforeseen circumstances. 4: Are there sustainable and eco-friendly luxury travel options available in these destinations? Yes, many luxury resorts and tour operators prioritise sustainability and environmental conservation. Travellers can choose eco-friendly accommodations, participate in responsible tourism activities, and support local conservation efforts to minimise their environmental impact while enjoying luxury travel experiences. 5: How can travellers ensure they get the most out of their luxury travel experience? Research and planning are key to maximising the luxury travel experience. Travelers should carefully select accommodations, activities, and dining options that align with their preferences and interests. Additionally, communicating any special requests or preferences to travel providers can enhance the overall experience and ensure a memorable journey. SEE ALSO: <a href="https://www.businessinsider.in/travel/international/article/exploring-the-world-on-wheels-international-road-trips-from-india/articleshow/110247281.cms" data-type="tilCustomLink" target="_blank">Exploring the world on wheels: International road trips from India</a>

Luxury Escapes: Top international destinations for Indian travellers in 2024

<ul><li>The protest is organised by the <keyword id="18635" type="General" weightage="100" keywordseo="amazon" source="Orion">Amazon</keyword> Pay Coalition, co-convened by the <keyword id="1131320" type="General" weightage="50" keywordseo="uni-global-union" source="Orion">UNI Global Union</keyword> and the <keyword id="15617515" type="General" weightage="50" keywordseo="progressive-international" source="Orion">Progressive International</keyword>.</li><li>The coalition wants Amazon to pay its workers fairly and respect their right to join unions, in addition to others.</li><li>In India, the Indian Federation of App-based Transport workers (IFAT), Telangana Gig and <keyword id="13525614" type="General" weightage="50" keywordseo="platform-workers-union" source="Orion">Platform Workers Union</keyword>, Hawkers Joint Action Committee and Gig Workers Association are joining the protests.</li></ul>Supply chain workers of Amazon in India are protesting against the e-commerce giant as part of a global movement organised by the <keyword id="15617516" type="General" weightage="50" keywordseo="make-amazon-pay-coalition" source="Orion">Make Amazon Pay Coalition</keyword> on Friday, coinciding with the beginning of crucial <a href="https://www.businessinsider.in/business/ecommerce/news/black-friday-the-sales-scams-and-myths/articleshow/95764746.cms">Black Friday</a> sales. This is the third year of the ‘<a href="https://makeamazonpay.com/?link_id=4&amp;can_id=3483ce9a311068233a55d0aa42962f6d&amp;source=email-make-amazon-pay-2&amp;email_referrer=email_1749159&amp;email_subject=make-amazon-pay">Make Amazon Pay</a>’ global protests – covering 40 countries. The Make Amazon Pay Coalition, co-convened by UNI Global Union and the Progressive International, is a coalition of over 80 unions, civil society organisations, environmentalists and tax watchdogs like Greenpeace, 350.org, <keyword id="1155271" type="General" weightage="50" keywordseo="tax-justice-network" source="Orion">Tax Justice Network</keyword> and Amazon Workers International. The coalition wants Amazon to pay its workers fairly and respect their right to join unions, pay its fair share of taxes and commit to real environmental sustainability. It <a href="https://makeamazonpay.com/?link_id=4&amp;can_id=3483ce9a311068233a55d0aa42962f6d&amp;source=email-make-amazon-pay-2&amp;email_referrer=email_1749159&amp;email_subject=make-amazon-pay">charges</a> Amazon with “squeezing every last drop it can” from “workers, communities and the planet” in the face of the cost of living scandal, global debt crisis and climate emergency. “Real wages are going down while the corporation rakes in record revenue - $121 billion for the second quarter of 2022 - and doubles down on its union-busting tactics,” the coalition said on its <a href="https://makeamazonpay.com/?link_id=4&amp;can_id=3483ce9a311068233a55d0aa42962f6d&amp;source=email-make-amazon-pay-2&amp;email_referrer=email_1749159&amp;email_subject=make-amazon-pay">website</a>. In India, the Indian Federation of App-based Transport workers (IFAT), Telangana Gig and Platform Workers Union, Hawkers Joint Action Committee and Gig Workers Association are joining the protests. Thousands of workers, street vendors and supporters are expected to rally in over 20 cities including outside parliament in <a href="https://uniglobalunion.org/news/map22/">New Delhi</a> on Friday. The protesters will march to their respective district magistrate offices and submit a memorandum. “On Black Friday, in what has already been named #MakeAmazonPay day, unions, civil society and progressive elected officials will stand shoulder to shoulder to denounce Amazon’s despicable multimillion dollar campaigns to kill worker-lead union efforts. It’s time for the tech giant to cease their awful, unsafe practices immediately, respect the law and negotiate with the workers who want to make their jobs better,” <keyword id="9152786" type="General" weightage="50" keywordseo="shaik-salauddin" source="Orion">Shaik Salauddin</keyword>, founder state president of Telangana Gig And Platform Workers Union (<keyword id="15617514" type="General" weightage="50" keywordseo="tgpwu" source="Orion">TGPWU</keyword>) told Business Insider India. As per the coalition’s <a href="https://makeamazonpay.com/?link_id=4&amp;can_id=3483ce9a311068233a55d0aa42962f6d&amp;source=email-make-amazon-pay-2&amp;email_referrer=email_1749159&amp;email_subject=make-amazon-pay">website</a>, Amazon workers from Maharashtra, West Bengal, Bhopal, Bihar, <keyword id="6357713" type="General" weightage="50" keywordseo="uttar-pradesh" source="Orion">Uttar Pradesh</keyword>, Rajasthan, Uttarakhand are likely to participate. “These groups represent a variety of interests, and while we are not perfect in any area, if you objectively look at what Amazon is doing in each one of these areas you’ll see that we do take our role and our impact very seriously. We are inventing and investing significantly in all these areas, playing a significant role in addressing climate change with the Climate Pledge commitment to be net zero carbon by 2040, continuing to offer competitive wages and great benefits, and inventing new ways to keep our employees safe and healthy in our operations network, to name just a few. Anyone can see for themselves by taking a tour at one of our sites,” an Amazon spokesperson told Business Insider India. The protests could be crucial as Black Friday sales – annual retail sale events starting a day after Thanksgiving in the US when retail chains offer deep discounts – tend to provide a big boost in <a href="https://www.britannica.com/story/why-is-it-called-black-friday">sales</a> for retailers and e-commerce players globally. This year, most of the sales commence on 25th November and end on 28th November. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/ecommerce/news/black-friday-the-sales-scams-and-myths/articleshow/95764746.cms">Black Friday: The sales, scams and myths</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/sensex-nifty50-close-flat-on-a-range-bound-day-hdfc-life-reliance-rise-icici-bank-drags/articleshow/95764805.cms">Sensex, Nifty50 close flat on a range-bound day – HDFC Life, Reliance rise, ICICI Bank drags</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/international/news/amazon-workers-are-planning-a-strike-on-black-friday-demanding-fair-pay-and-an-end-to-unsafe-practices/articleshow/95749775.cms">Amazon workers are planning a strike on Black Friday demanding fair pay and an end to unsafe practices</a>

Indian trade unions to join global protests against Amazon India

<ul class="summary-list"><li>Russian President Vladimir Putin has tasked Russia's FSB spy network with helping businesses counter Western sanctions.</li><li>The move follows increased Russian spy activity since Russia started the war in Ukraine.</li></ul>Russian President Vladimir Putin just gave Russia's post-Soviet KGB spy network an assignment: counter Western sanctions and help Russian businesses expand into new markets.On Tuesday, Putin — a <a target="_blank" href="https://www.businessinsider.com/vladimir-putin-was-not-soviet-super-spy-stasi-report-2023-6">former KGB agent</a> himself — called on the Federal Security Service, or FSB, spy network "to provide support to our companies that are actively developing despite the obstacles created for them and which are exploring new markets but are faced with openly hostile actions" from the West, <a target="_blank" href="https://www.reuters.com/world/europe/putin-calls-kgbs-heirs-bust-wests-sanctions-2024-03-19/">Reuters reported.</a>Putin's instructions to the spy service at its annual meeting in Moscow followed his <a target="_blank" rel="" href="https://www.businessinsider.com/russia-vladimir-putin-presidential-election-vote-landslide-win-2024-3">carefully engineered victory</a> in Russia's presidential election over the weekend.It provides a glimpse into how Moscow is aiming to counter <a target="_blank" href="https://www.businessinsider.com/china-biggest-banks-stop-russia-payments-icbc-ccb-boc-2024-2">tightening trade restrictions</a> from the West.Russia's economy appears resilient two years after starting the war in Ukraine. <a target="_blank" rel=" nofollow" href="https://tass.com/economy/1743227">Russia's GDP grew</a> 3.6% in 2023 and the International Monetary Fund expects its economy to grow 2.6% this year. Unemployment is around a <a target="_blank" rel=" nofollow" href="https://www.reuters.com/markets/russian-industrial-output-growth-slows-unemployment-drops-record-low-2023-11-29/">record low</a>, and <a target="_blank" rel="" href="https://www.businessinsider.com/russia-economy-worker-shortage-ukraine-war-military-wages-unemployment-2024-1">wages are soaring.</a>Russia has <a target="_blank" rel="" href="https://www.businessinsider.com/russia-economy-how-moscow-pays-war-economy-afloat-sanctions-ukraine-2024-2">managed to keep its economy humming</a> by pivoting its trade to alternative markets including <a target="_blank" rel="" href="https://www.businessinsider.com/russia-economy-divert-oil-exports-europe-india-china-circumvent-sanctions-2023-12">India, China</a>, and <a target="_blank" rel="" href="https://markets.businessinsider.com/news/currencies/dedollarization-russia-iran-agreement-us-dollar-currency-bilateral-trade-2023-12">Iran</a>. It's even building rail lines to create what one analyst called "a trade route for pariahs" with <a target="_blank" rel=" nofollow" href="https://www.statista.com/chart/27015/number-of-currently-active-sanctions-by-target-country/">heavily sanctioned Iran</a>.However, the <a target="_blank" href="https://www.businessinsider.com/russia-economy-financial-system-us-sanctions-oil-trade-foreign-banks-2024-3">West is closing up loopholes</a> in its sanctions regime and ratcheting up pressure on global businesses still doing business with Russia.On Tuesday, Putin himself admitted the sanctions have created "temporary problems for us," but added he was sure "everything, of course, will be done anyway."<a target="_blank" href="https://www.businessinsider.com/russian-spy-activity-hitting-cold-war-levels-but-with-problems-2024-3">Russia's spy activity</a> has hit the highest levels since the Cold War following Moscow's invasion of Ukraine, the <a target="_blank" href="https://www.ft.com/content/f066d653-70e2-42e9-baac-c342417c8ef3">Financial Times</a> reported earlier this month, citing unnamed Western intelligence officers.

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Indian trade unions to join global protests against Amazon India

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