Author: Team

Vedanta’s Demerger Proposal Clears Hurdle with Nearly Unanimous Approval from Shareholders and Lenders

Chandigarh, February 21, 2025: Vedanta Ltd on Thursday said its shareholders and lenders have approved the splitting of the metals to oil conglomerate into five independent, sector-focused entities.

In a stock exchange filing, Vedanta said 99.99 per cent of shareholders who voted for the demerger scheme, supported the move.

Parallelly, 99.59 per cent of the secured creditors, and 99.95 per cent of unsecured creditors of Vedanta Ltd voted in favour of the demerger.

The five entities being created from the split would include Vedanta Ltd, which would house the company’s base metals. According to Vedanta’s demerger scheme, every Vedanta shareholder will receive 1 additional share in each of the 4 newly demerged companies on the completion of the demerger process.

The other companies that will be created out of the demerger are Vedanta Aluminium, one of the world’s largest producers of aluminium; Vedanta Oil & Gas, India’s largest private-sector crude oil producer; Vedanta Power, one of India’s largest generators of power; Vedanta Iron and Steel – a company with a highly scalable ferrous portfolio; and Vedanta Limited – which will include the world’s second largest integrated zinc producer and third largest silver producer – in Hindustan Zinc.

Vedanta Ltd will also act as an incubator for new businesses, including Vedanta’s technology verticals.

As per Vedanta’s demerger scheme, the demerger will create five independent companies of a global scale focussed on the mining, production and/or supply of aluminium, iron-ore, copper, oil & gas, and on generation and distribution of power.

It will enable greater focus of the Vedanta management on the relevant businesses thereby allowing further streamlining of operations and more efficient usage of assets and leveraging of opportunities.

Similarly, the demerger scheme has emphasized that over time, each of the independent companies can attract different sets of investors, strategic partners, lenders, and other stakeholders enabling deeper collaboration and expansion in these specific companies without committing the existing organisation in its entirety.

The demerger will enable investors to separately hold investments in businesses with different investment characteristics and market potential thereby allowing them to select investments which best suit their investment strategies and risk profiles.

As per Vedanta’s demerger scheme, it will also enable focused and sharper capital market access (debt and equity), thereby unlocking the value of the demerged entities.

Vedanta Ltd currently operates a diversified portfolio with interests in metals, mining, oil and gas, power generation, and other emerging sectors.

As listed companies have to seek various approvals under relevant sectoral and capital market regulations, the proposed demerger scheme will remain subject to receipt of other applicable statutory, government and regulatory approvals, including inter alia from the National Company Law Tribunal.

Newcastle University Launches New Initiatives to Boost Research and Academic Ties in India

New Delhi, India – 21st February 2025 – Newcastle University (NCL) reaffirmed its commitment to fostering strong academic and research collaborations in India through a series of high-impact engagements led by Vice-Chancellor and President, Prof. Chris Day. The delegation visiting India encompassed strategic partnerships with premier institutions, alumni networking events, and key discussions on educational collaboration and innovation.

 Strengthening Ties with IIT Delhi and OP Jindal: Newcastle University discussed with Indian Institute of Technology (IIT) Delhi, a Joint Centre of Climate Change and Resilient Infrastructure, which will facilitate faculty and student exchanges, joint research initiatives, and academic collaborations. This will cement NCL’s long-standing partnership with IIT-D, established particularly through the GCRF Water Security and Sustainable Development Hub.

 Prof. Day also met with Prof. C. Raj Kumar, Founding Vice-Chancellor of O.P. Jindal Global University (JGU), to further build on an existing Memorandum of Understanding (MoU). The discussions focused on expanding collaborations in law, student exchange programs, and pathways for international legal education.

 Engaging with the Janya Collective: Newcastle University also met with the Janya Collective; a social enterprise dedicated to improving water security in the National Capital Territory (NCT) of Delhi. As a key partner of NCL’s GCRF Water Security Hub, the Janya Collective has played a vital role in promoting sustainable water management solutions. Prof. Day and his team explored community-based interventions implemented during the Water Security Hub project and reaffirmed NCL’s commitment to supporting innovative and localized water security strategies.

 Alumni Events: Celebrating NCL’s Impact: Newcastle University hosted in-person alumni networking events in New Delhi and Mumbai, marking the launch of the first dedicated NCL alumni network. The event celebrated NCL’s achievements in India and outlined its future ambitions. Distinguished alumnus Rakshit Jagdale (MBA, 2002), Managing Director of Amrut Distilleries, shared insights on how his NCL contributed to his growth and success.

 The event also provided a platform for alumni to reconnect and engage with the university’s vision for deeper collaboration in India. NCL also launched a new scholarship offer for Indian students applying for the 2025 academic intake at these events.

 Newcastle University alumnus Mr. Kinner N. Sacchdev, Co-Founder and CEO of Knorish, speaking on behalf of the North India Alumni Network leaders, added, “Throughout my entrepreneurial journey, I’ve learned that success is rarely a solo endeavor. People invest in those they trust, support those they connect with, and open doors for those they share a bond with. As Newcastle alumni, we are part of a powerful network that extends far beyond our time at university—it’s a community built on shared experiences, values, and aspirations. I’ve seen how a single message, a chance meeting, or a small act of generosity within this network can transform careers. The key is to approach networking with purpose, build meaningful relationships, and add value first. When we do that, we don’t just create opportunities for ourselves—we create a ripple effect of success for others.”

 Newcastle University’s delegation visit to India underscores its commitment to building sustainable academic partnerships, fostering innovation, and enhancing student and faculty exchange opportunities. As the university continues to expand its presence in India, these collaborations will play a pivotal role in shaping the future of global education and research.

Taj Mussoorie Foothills Makes Grand Debut in Dehradun

Chandigarh, FEBRUARY 21, 2025: Indian Hotels Company (IHCL), India’s largest hospitality company, today announced the opening of Taj Mussoorie Foothills, Dehradun.

Speaking on the occasion, Mr. Puneet Chhatwal, Managing Director & CEO, IHCL, said, “We are delighted to expand Taj’s presence in Uttarakhand with the opening of Taj Mussoorie Foothills in the capital city of Dehradun. IHCL will have a multi brand presence in the city and with the recently opened Delhi-Dehradun Expressway enhancing connectivity, it has evolved to be a commercially prominent city in the region. In addition, its proximity to popular destinations such as Mussoorie, Rishikesh, and Haridwar attracts a mix of leisure, adventure and spiritual tourism.”

Nestled in the serene foothills of the Himalayas, Taj Mussoorie Foothills, Dehradun, is a luxurious sanctuary that seamlessly blends modern elegance with the region’s natural beauty. The 115-key hotel, including 16 exquisitely designed suites, offers an immersive escape. Guests can indulge in diverse culinary experiences, from Vista, an all-day dining restaurant serving global and Indian flavours, to House of Nomad, a sophisticated gastro pub, Tropics, a poolside dining venue, and Emperor Lounge, a space for high tea and handcrafted beverages. The hotel features four versatile banqueting spaces ranging from 1,200 sq. ft. to 8,000 sq. ft., along with well-equipped meeting rooms, making it an ideal destination for weddings, conferences, and social gatherings.

Guests can rejuvenate with the signature therapies at the J Wellness Spa. The hotel also features dedicated pet amenities, a kids’ activity zone, a walking track with accessibility features, and EV charging stations, ensuring a comfortable and inclusive stay. Taj Mussoorie Foothills, Dehradun offers curated experiences including the Malsi Nature Forest Walk, a trek to Shikhar Falls, and a wildlife safari at Rajaji National Park.

Speaking on the opening, Mr. Naveen Tomar, General Manager, Taj Mussoorie Foothills, Dehradun, said, “Taj Mussoorie Foothills is designed to offer guests an immersive experience in the lap of nature. From curated experiences to bespoke services, we look forward to creating unforgettable stays for our guests.”

BIDDEX Exhibits Groundbreaking Technology at Step Dubai in the UAE

Cairo, Egypt, 21 February, 2025: Positioning itself as a leading and revolutionary car buying application, «BIDDEX», the innovative online car marketplace has successfully participated in the major STEP DUBAI, the largest tech festival held in Dubai Internet City from 19-20 February.

With 5 main tracks, more than 400 global startups showcasing, hundreds of global investors, and over 8000 global attendees over two days, STEP DUBAI brings the tech world to Dubai to showcase the evolve of the tech landscape globally.

A unique online app

«BIDDEX» app is a unique one stop shop that transforms the way cars are bought, sold, and financed online. For a better experience for its customers, BIDDEX has recently integrated the artificial intelligence (AI) technology to its platform for a better car purchasing experience for the customers and reaching the best fitting prices.

During the event, «BIDDEX» announced a new upgrade to the application by integrating the AI technology to the platform for a better experience for customers; mainly when it comes to getting the most fitting car selections, best prices and exclusive offers.

BIDDEX also showcased its super-set solutions that simplifies the process of purchasing new and used vehicles. Offering everything from auctions and financing to vehicle imports and customized requests, BIDDEX delivers a comprehensive platform built with the latest technology. Customers can expect top-tier security, robust data protection, and round-the-clock support, all from the comfort of their homes.

Commenting on the launch, Founder and CEO of «BIDDEX» Amr Allam expressed his enthusiasm for the transformative role the platform is playing in the car landscape.

Allam Said: “«BIDDEX» is not just changing the car marketplace in Egypt; it’s set to expand across the Middle East, reshaping the entire regional automotive marketplace. With its innovative services and commitment to customer satisfaction, BIDDEX is primed to become the go-to platform for car buyers and sellers in the region.”

Allam noted: “Since the launch of the app last year, the total value of car sales and purchases through the app has reached approximately EGP 100 million. It has also facilitated many car loans worth nearly 60 million Egyptian pounds in a record time”,

He added that the app aims to capture 10% of the car market share in Egypt and bring about a revolutionary change in the entire car buying experience.

A Seamless Car-Buying Experience

With «BIDDEX», users can access Egypt’s largest selection of verified car listings, featuring both new and used vehicles from all major brands. Whether you’re looking for a locally available model or want to import a vehicle tailored to your exact specifications, BIDDEX has you covered. The platform partners with trusted dealerships to ensure customers get the best possible deals.

More Than an Application

«BIDDEX» is a dynamic, real-time bidding platform where users can bid on both new and used cars. Enjoy a transparent, secure experience and have the car delivered to your doorstep, along with all necessary paperwork.

Moreover, users can monitor the price of their dream car and receive instant notifications when it drops or if the seller accepts an offer. The user will be able to skip the negotiation process by submitting his own price offer directly to the seller. BIDDEX handles the rest, simplifying the buying process.

Flexible Financing Plans

«BIDDEX» also provides fflexible ffinancing plans with partnerships with 18 leading auto lenders, ensuring quick financing approval. 80% of customers are approved within 24 hours, making it easier than ever to drive away in your new car.

Test Drive Service

Additionally, Users can schedule a test drive for their preferred car, and receive instant confirmation of their booking. Meanwhile, the platform enabled its users to upgrade their car hassle-free with the trade-in option. Simply choose your desired vehicle and get an offer within 48 hours.

Only 48 hours to Get Your Car Sold

Along with these super set of features, «BIDDEX» offers its users selling their cars through the platform by uploading the vehicle details, and BIDDEX will assist with the sale. For those looking for a fast transaction, you may qualify for a cash offer within 48 hours.

450+ Creative Solutions from 300+ Cities Submitted to ICEA’s TruthTell Hackathon to Combat Fake News

New Delhi, 20 February 2025: India Cellular & Electronics Association (ICEA), in collaboration with the Ministry of Information & Broadcasting (MIB), has received over 450+ unique AI-driven ideas through its TruthTell Hackathon, an initiative focused on tackling misinformation using technology. With 5,600+ registrations from more than 300 cities worldwide, participants have proposed solutions such as fact-checking tools, deepfake detection systems, automated misinformation trackers, and real-time news verification technologies.

The overwhelming response to the hackathon reinforces India’s growing leadership in ethical AI development, a vision that Prime Minister Narendra Modi reiterated recently at the AI Action Summit in Paris. Emphasising the transformative potential of AI across sectors, including media and governance, he called for ethical AI development, transparency in AI systems, and global collaboration to manage risks like deepfakes and disinformation. The TruthTell Hackathon echoes this call to action, bringing together global talent to create AI-driven solutions that enhance media credibility and information integrity.

The hackathon has attracted a diverse mix of participants, including 2,690 working professionals and 2,921 students, fostering collaboration across AI, media, and data science to develop scalable solutions. With strong representation from India and key hubs across continents, including North & South America, Europe, the Middle East, Africa and Oceania, the submissions highlight a growing international effort to combat misinformation through AI.

Speaking about the initiative, Mr. Pankaj Mohindroo, Chairman of ICEA, said, “The 450+ unique AI-powered ideas submitted for the TruthTell Hackathon highlight the critical role of technology in addressing misinformation. As these ideas progress, the focus will be on developing practical, and scalable solutions that can build trust in the digital content we consume. This initiative reflects India’s growing expertise in AI-driven innovation and our commitment to fostering global collaboration in tackling this challenge.”

Participants are now moving into the prototyping phase, which will continue until February 21, as they work to turn their ideas into tangible solutions. The hackathon will conclude with onsite presentations and the best solutions will be honoured at the WAVES Summit on 1st – 4th May 2025.

DoubleTree by Hilton Pune – Chinchwad Invites You to Enjoy the Smoky Goodness of Their Grill Specialties

Indulge in a feast of bold flavors and smoky aromas at the Smoke & Grill Food Festival, happening at 3 Spices, DoubleTree by Hilton Pune – Chinchwad, until February 28th. This specially curated festival celebrates the art of grilling, offering a delectable spread of meats, seafood, and vegetarian delights.

Kick off your meal with flavorful Plum Tomato Soup or try the Fresh Catch of Ceviche. The grill takes center stage with a lavish ocean platter featuring grilled lobster, prawns, octopus, mussels, scallops, squid, and fish fillet, alongside hearty options like the T-Bone Steak, Pork Steak, Flame-Grilled Rock Lobster and the Pit Boss Burger. Vegetarian diners can savor the Taro Gnocchi, Tortellini or a Veggie Burger.

End on a sweet note with indulgent desserts like Spiced Carrot & Date Cake and Citrus & Passion Fruit Tart, perfectly crafted to complement the smoky feast. Whether you’re a fan of juicy BBQ meats, fresh seafood, or gourmet vegetarian delights, this festival promises an unforgettable dining experience.