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IHCL signs a Vivanta hotel in Ahmedabad

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Pal Pariawala, Mumbai Uncensored, 20th July 2021:

Indian Hotels Company (IHCL), announced the signing of a Vivanta hotel in Ahmedabad, Gujarat’s largest city. An existing hotel in the city which is expected to undergo a large-scale renovation will be managed, as stated the signed contract. This hotel would later be flagged as Vivanta. 

Suma Venkatesh, Executive Vice President of the Real Estate and Development department, IHCL, said, “This signing is in line with IHCL’s strategy of strengthening our domestic presence in key cities. Ahmedabad is a thriving economic and industrial hub. The company will now have three of its brands- Taj, Vivanta and Ginger present in the city. We are delighted to partner with Leela Tradelinks Private Limited.”

This lavish project will consist of a 176 room hotel located on the SG Highway, a convenient driving distance from Gandhinagar. The hotel’s dining options ill include Mynt, the all-day dining restaurant, lobby café Swirl and a specialty restaurant. Numerous recreational facilities like a swimming pool, fitness center and spa, meeting rooms and a banquet hall for social and business gatherings will be added. Vivanta is a Brownfield project expected to open by 2022 as soon as the renovations are completed.  

Mr. Komalkant F Sharma, Chairman and Managing Director of Leela Tradelinks Private Limited said, “We are happy to partner with IHCL for Vivanta Ahmedabad. This will be the first Vivanta Ahmedabad. This will be the first Vivanta in the city, bringing in a refreshing new take in hospitality.”

Ahmedabad is an important commercial centre and IHCL will have a total of 5 hotels in the city including this one. 

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Govt. Plans to Cut Cooking Oil Tax

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The Indian market after seeing an unprecedented rise in the prices of edible oils plans to cut taxes on edible oil to keep the prices in check.

Khushi shah – Mumbai Uncensored, 5th May 2022

The war, combined with weather disruptions that limited harvests in other vegetable oil-producing regions, led to a supply shortage of sunflower oil. The ban by the world’s biggest palm oil producer and exporter on 28th April 2022, on the export on the widely used edible oil and all the conflicts between Russia and Ukraine that already upended the global agricultural trade in the world, sent oil prices skyrocketing in the market.

India is particularly sensitive to rising vegetable oil prices as it is dependent on imports for 60% of its needs. Inorder to keep the prices in check ,India, the world’s top importer of vegetable oils is planning to cut taxes on some edible oils to cool the domestic market after the war in Ukraine. 

India has tried to reduce prices in the past, including reducing import duties on palm, soybean oil and sunflower oil, and limiting inventory to prevent stocking the oil.[ In September 2021] The import taxes on palm oil had been slashed to 2.5% from 10 %, while soy oil and sunflower oil had been reduced to 2.5 per cent from 7.5 per cent. 

The reduction in these taxes were aimed at bringing down prices of the edible oils in India and boost consumption, effectively increasing overseas buying by the south Asian country.It would also bring down edible oil prices ahead of key festivals, when edible oil demand rises in the country

However, The moves so far have not been effective enough to cut down the rates of oil in the market 

India, the world’s top importer of vegetable oils, wants to reduce the agricultural infrastructure and development cess on imports of crude palm oil to below 5% . According to reports, it is said that the government is now considering reducing import duties on crude varieties of canola oil, olive oil, rice bran oil and palm kernel oil from 35% to 5% to help boost domestic supplies. The new tax amount is still being deliberated The cess is levied over and above basic tax rates on certain items, and is used to finance agriculture infrastructure projects. The base import duty on crude palm oil has already been scrapped.

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C.I.A. picks Indian origin Chief Technological Officer – Nand Mulchandani

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Khushi Shah – Mumbai Uncensored, 3rd May 2022

Another Indian has raised the Indian flag abroad. Nand Moolchandani, who completed his schooling in Delhi, has been appointed as the first Chief Technology Officer (CTO) of the Central Intelligence Agency (CIA) of the US. 

With a degree in Computer Science and Math from Cornell, a Master of Science degree in Management from Stanford, and a Master in Public Administration degree from Harvard, Nand Mulchandani will be leading a team of technologists at the C.I.A.  He will be working with experts who already deliver world-class intelligence and capabilities to help build a comprehensive technology strategy.

William J. Burns, the CIA Director made the announcement specifying that he has prioritised focusing on technology. Nand Mulchandani has more than 25 years of experience in Silicon Valley as well as the US Department of Defense (DoD) and can bring substantial private sector, startup, and government expertise to the Agency.

The man, who describes himself as a “serial entrepreneur” in his Linkedn bio, prior to this position he served as the CTO and Acting Director of DoD’s Joint Artificial Intelligence Center. He also co-founded and was CEO of several successful startups Oblix (acquired by Oracle), Determina (acquired by VMWare), OpenDNS (acquired by Cisco), and ScaleXtreme (acquired by Citrix).

His LinkedIn profile says: “I pivoted from my career in private industry to serve in the Government by joining the Joint Artificial Intelligence Center at the US Department of Defense where I am driving the DoD’s next-generation AI efforts.”In his new role, Mulchandani will ensure the Agency is leveraging cutting-edge innovations and scanning the horizon for tomorrow’s innovations to further the CIA’s mission.

He said on Linkedn “I tried to leave a few breadcrumbs at the end of my last post when I was leaving the Department of Defense with “Just when I thought I was out, they pull me back in.” And believe me, this was certainly an “offer I could not refuse”,” 

An Indian origin C.T.O. that collects, processes and analyses intelligence reports from around the world to strengthen national security of America is a new feather in the cap of not only Indian Diaspora, but also India at large.

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Elon Musk’s purchase of Twitter may have prompted crypto ‘whales’ to purchase large amounts of Dogecoin.

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Hemant Singh – Mumbai Uncensored, 2nd May 2022

The price of bitcoin increased when it was reported on Monday that “Dogefather” Elon Musk would be taking over Twitter. And it appears that the rise was powered by a huge number of high-value transactions.

According to CoinDesk, the number of Dogecoin transactions above $100,000 reached 2,440 on Monday, the highest level since January 14, according to statistics from market analytics firm IntoTheBlock.

Transactions in excess of $100,000 serve as a barometer of the activities of “whales,” or huge investors of the meme-inspired cryptocurrency.

Whales can be wealthy people or institutional investors such as hedge funds or banks.

When Twitter revealed that its board of directors had approved Musk’s $44 billion acquisition bid, the price of Dogecoin increased by as much as 27 percent, reaching a day high of 16.5 cents. It has already cooled off and is now worth roughly 13 cents.

Though there are several theories regarding what Musk may alter about Twitter once he takes over, Dogecoin supporters may be hopeful that Musk would integrate the cryptocurrency into the social media network.

The DeFi community on Twitter believed that Musk may eventually transform Twitter into a decentralized social media network, or one that is not controlled by a single company.

Musk’s influence on Dogecoin’s price is nothing new.

Dogecoin was invented in 2013 as a prank by engineers Billy Markus and Jackson Palmer. It is inspired by the Doge meme, which depicts a Shiba Inu dog.

Musk commenced tweeting about Doge in 2019 and has been a vocal promoter of the cryptocurrency ever since.In addition to owning it, he has mentioned working with Dogecoin developers on bettering its network. The world’s richest man has stated that the meme-inspired coin is suitable for transactions and is the “people’s crypto.”

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