Larry Ellison, co-founder of Oracle, briefly eclipsed Amazon's Jeff Bezos to become the world's second richest person, with a net worth of $203.9 billion, according to Forbes. Despite dropping back to third place behind Bezos, whose worth is valued at $206.4 billion, Ellison's fortune has skyrocketed. Ellison entered 2023 as the eighth richest person, but his fortune has more than doubled in the last two years, rising from $80 billion in October 2022 to $181 billion as of Monday. Due to the performance of Oracle's stock on Tuesday, its net worth increased by $22.9 billion. 80-year-old E
India will host the second Global Food Regulators Summit in New Delhi from September 19 to 21. Delegates from over 70 nations will gather to discuss critical regulatory challenges in the food industry. The event is organized by the Food Safety and Standards Authority of India under the Union Health Ministry, to build global food safety collaboration. It was the inaugural edition, which took place last July as part of India's G20 events. The theme of the conference this year will be about core issues: food safety, risk assessment, analytical competency, and capacity building. The summit
India's renewable energy ministry has obtained $386 billion in investment commitments from banks and financial institutions to help decarbonise the country. These investments aim to more than double India's clean electricity generation by 2030, Renewables Minister Pralhad Joshi stated at the RE-Invest conference in Gandhinagar, Gujarat. India, the third-largest carbon emitter after China and the United States, aims to reach 500 gigawatts of non-fossil capacity by 2030. To accomplish this ambitious objective, the government must install 44 gigawatts every year, double the average growth rat
Labour and Employment Minister Mansukh Mandaviya revealed intentions to merge the Employees' State Insurance Corporation (ESIC) with the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY). This will enable ESIC beneficiaries to receive medical care from over 30,000 institutions accredited by AB-PMJAY, removing the distinction between government, public sector, and private hospitals. Mandaviya provided this briefing during the third regional conference of western states in Rajkot. Participants included prominent officials from Maharashtra, Goa, Gujarat, Dadra and Nagar Haveli, Dama
Following a five-day mission in space, billionaire Jared Isaacman and his crew successfully completed the first private spacewalk and safely returned to Earth. On Sunday morning, SpaceX's Dragon spacecraft made a splash landing in the Gulf of Mexico, close to Florida. In an orbit 460 miles above Earth, the crew—consisting of two engineers from SpaceX and a former Air Force pilot—surpassed both the International Space Station and the Hubble Telescope. There have been 264 spacewalks, with Sarah Gillis of SpaceX becoming the 265th and Isaacman the 264th. The spacewalk, which lasted less t
A new milestone in space exploration has been attained, with 19 people presently orbiting Earth, setting a record. The previous high was 17, set last year. On September 11, a Russian Soyuz capsule launched three astronauts, NASA's Don Pettit and Russian cosmonauts Alexey Ovchinin and Ivan Vagner, to the International Space Station (ISS), raising the total number of humans in orbit. The Soyuz crew is slated to arrive at the ISS about 3:30 p.m. EDT. When they arrive, they will join nine other astronauts and cosmonauts aboard the station, including NASA astronauts Michael Barratt, Tracy Caldw
On Wednesday, Indonesian President Joko Widodo broke ground on a new 25-kilometer (15-mile) line for Jakarta's mass rapid transit (MRT) network. One of the busiest cities in the world, Jakarta, is undergoing this expansion thanks to a roughly $1 billion loan from Japan as part of a larger effort to reduce severe traffic congestion. The significantly larger population in the surrounding municipalities of Jakarta, which has a population of over 10 million, exacerbates the city's severe traffic problems. The planned MRT line will connect Bekasi, located on Jakarta's eastern border, to the
On Tuesday, four private astronauts launched SpaceX's Polaris Dawn mission to conduct the first private spacewalk and test new spacesuits. The crew consists of billionaire Jared Isaacman, a veteran Air Force pilot, and two SpaceX engineers. At 5:23 a.m. EST, they launched in a modified SpaceX Crew Dragon capsule from NASA's Kennedy Space Centre, reaching orbit in 10 minutes. On the mission's third day, the highlight is a 20-minute spacewalk at 700 km altitude. SpaceX's Crew Dragon will depressurise the cabin, and Isaacman and Sarah Gillis will walk attached to oxygen lines while the other
Union Minister for Road Transport & Highways Nitin Gadkari stated during a convention by the Society of Indian Automobile Manufacturers (SIAM) that India currently has 63 operational vehicle scrapping centres, with 60 under construction and 40 more in the pipeline—insufficient for the nation's automobile population. Gadkari emphasised the scrapping industry's potential, claiming that it could raise sales by 18-20% while creating 35,000 jobs. He also applauded SIAM's move to provide a 3% discount on new vehicle purchases for destroyed autos. He unveiled a new testing agency worth ₹4
India has become the world's second-largest 5G mobile market, surpassing the United States and trailing only China. The country's quick adoption of 5G technology is being pushed by the rising availability of low-cost 5G phones and data plans, resulting in broad high-speed access. According to a Counterpoint Research analysis, global 5G handset shipments increased 20% year on year in the first half of 2024. Apple topped the market with a 25% share, owing to the success of its iPhone 15 and 14 series, while Samsung followed, aided by its Galaxy A and S24 series. In India, Xiaomi, Vivo, and S