SPACE TOURISM
Not AI, IT hiring not picking up because of global slowdown in IT spend: Ramani Dathi, Teamlease Services
Ramani Dathi says there is no major uptick as far as demand for IT pros is concerned. There are a few set of clients, especially the GCCs and to some extent, who are able to maintain the current run rate of revenues and headcounts for Teamlease, but to show a massive growth or a double-digit growth, the IT services hiring has to be back on track.
European Space Agency shares mesmerizing image of Ram Setu linking India and Sri Lanka
ESA Ram Setu Image: The European Space Agency released a satellite image of the historic Ram Setu, linking India and Sri Lanka. Spanning 48 km, this limestone shoal bridge holds geological, historical, and mythological significance. Protected as national parks, the shallow waters around the bridge support diverse marine life. The image underscores Ram Setu's cultural heritage and ecological importance, highlighting its unique role in regional history and mythology.
Northeast floods: Home Minister Amit Shah backs use of satellite imagery provided by ISRO
Union Home Minister Amit Shah proposed creating 50 large ponds in the Northeast to divert Brahmaputra water for flood management, agriculture, and tourism. He emphasized using ISRO satellite imagery for water management and preparing for Glacial Lake Outburst Flood (GLOF) risks.
Assam flood situation improves, over 2 lakh hit
Assam has seen a decrease in flood cases in eight districts, with over 2,07,500 people affected. The worst hit is Karimganj, with over 1.1 lakh people suffering. The total number of people killed in this year's flood, landslide, and storm is 39. Union Home Minister Amit Shah has suggested the creation of at least 50 large ponds in the northeast region to divert Brahmaputra river water, aiming to tackle floods and develop agriculture, irrigation, and tourism.
HM Amit Shah suggests creation of large ponds in northeast, use of ISRO data for flood control
Union Home Minister Amit Shah has proposed the creation of at least 50 large ponds in the northeast to divert water from the Brahmaputra River, aiming to help tackle floods and develop agriculture, irrigation, and tourism. He also highlighted the importance of using satellite imagery provided by the Indian Space Research Organisation (ISRO) for flood and water management. Shah also highlighted the need to upgrade the forecast system of river water levels for better flood management.
Is buying just hotel stocks better or a collection of stocks which gain from travel hungry Indians? 17 stocks from the whole tourism ecosystem
There can be a debate on whether, after the run up that hotel stocks saw in the last three years, are they cheap or not, and whether one should buy them now. But when it comes to tourism and the possibility that it will grow at a much faster rate, there is little room for debate. Now the question is if one buys only one set of stocks, for example hotel stocks, they come with their own plus and minus, right from the business risk of that industry to the fact that in tourism business, there are many segments, so there is a premium segment, there are travelers who travels by train and stay in medium size hotel which are not even listed. But then he has spent money in booking his ticket which has been captured on a railways ticketing platform. So, why not have that railway ticketing platform in a small portion of the portfolio.
Infrastructure, digitisation and spiritual tourism to drive realty in smaller towns: Colliers report
The real estate sector in India is experiencing a transformation, with smaller towns becoming vital to the economy due to enhanced infrastructure, affordable property, skilled labor, and government support. Forecasts suggest the sector could reach $1 trillion by 2030 and potentially $5 trillion by 2050, contributing 14-16% to GDP. Colliers report projects urban growth with nearly 100 cities having over a million inhabitants by 2050, driven by factors like infrastructure, digitisation, and changing office trends.
Is it possible to house a trillion people in space? Jeff Bezos’s vision may run into rough weather
Experts point out that there are numerous challenges while envisaging people staying outside Earth in the solar system. Deep and extensive research will be needed before people can start living in space ships outside our planet.
Space Elevator to be ready by 2050. Press a button and you are in space. Details here
A Japanese company is developing a space elevator to take tourists into space in an elevator at the press of a button. This project will be ready by 2050.
India has made huge strides, but the new govt still has a lot to do
The past decade in India has seen significant transformations in infrastructure, economic reforms, and digitization, laying the groundwork for sustained growth. The challenge for the new government is to maintain an 8%-plus growth rate and increase per capita income. To achieve this, private investment must drive growth, with investments rising to 32-35% of GDP. Scaling up manufacturing, outcome-oriented skill development, supporting women and youth entrepreneurs, reforming municipal governance, realizing tourism potential, accelerating R&D, and addressing urban challenges are key areas for action.
Now India can hope to have its own SpaceX and Blue Origin
Elon Musk's SpaceX and Jeff Bezos' Blue Origin lead the global space industry discourse. From reusable rockets to space tourism, these companies drive innovation in the space sector.
Moscow bets on visa-free deal to attract more Indians
The new visa free group travel agreement being worked out between India and Russia should boost the tourist numbers to Moscow from India by at least 30%, said Evgeny Kozlov, first deputy head of the office of the mayor and the government of Moscow in an interview to ET. Kozlov, who is also the chairman of Moscow City Tourism Committee, said Russian federal officials are also working on a project to enable virtual cards for Indian travellers while they are in India before coming to Russia.
Indian expatriate Gopi Thotakura becomes first Indian space tourist
Indian expatriate Gopi Thotakura made history as the first Indian space tourist, joining Jeff Bezos' Blue Origin's NS-25 mission, the 25th for New Shepard. The mission, with 6 crew members, including Thotakura, completed its 7th human spaceflight. Former Air Force Captain Ed Dwight was among the crew, fulfilling a long-delayed opportunity. New Shepard has now flown 37 people to space, fostering a road to space for Earth's benefit.
Blue Origin flies thrill seekers to space after two year hiatus
Mission NS-25 is the seventh human flight for the enterprise owned and founded by Amazon billionaire Jeff Bezos, who sees short jaunts on the New Shepard suborbital vehicle as a stepping stone to greater ambitions, including the development of a full-fledged heavy rocket and lunar lander.
Hotels up hiring game: About 100,000 jobs likely to be created in 12-18 months
Hotels across segments are ramping up their workforce as they are adding more rooms and entering new markets amid a strong pickup in business and leisure travel. The jobs they are recruiting for are a mix of permanent, temporary and gig, said Balasubramanian A, vice president and head of consumer, hospitality and ecommerce at TeamLease.
M3M to lease 1.5 million sq ft of commercial space in 2024-25
Company’s one-million square feet, International Financial Centre (IFC) at Golfcourse Extension Road is already 100% occupied while 700,000 square feet office space project, Urbana Business Park (UBP), is also has 75% occupancy.
Meet Gopichand Thotakura, the 2nd Indian citizen in space after Rakesh Sharma
Gopichand Thotakura, a co-founder of Preserve Life, will be part of Blue Origin's crew for the NS-25 suborbital mission, aiming to become India's second citizen in space after Rakesh Sharma, with a launch expected in the next few weeks.
Co-working spaces for visitors soon on Goa beaches: Tourism official
Goa plans to introduce co-working spaces on Morjim and Ashwem beaches, aiming to attract European and high-spending tourists for an all-around experience beyond the beaches. The state government aims to offer nomad visas, inviting people to work and enjoy the beaches. The tourism department focuses on regenerative tourism, involving locals, culture, cuisine, festivals, temples, and churches.
A Celestial Odyssey: Unveiling 2023's galactic epics
In 2023's cosmic saga, SpaceX's Starship faced turbulent tests while eyeing Mars. India's Chandrayaan-3 triumphed on the moon's south pole, joining lunar exploration. Astronaut Rubio's extended ISS stay and NASA's Artemis II lunar flyby herald new cosmic chapters. UFO investigations and asteroid encounters unveiled celestial mysteries. Space tourism ascended with Axiom-2, as 2023 wove a tapestry of cosmic triumphs, showcasing humanity's dedication to deciphering the cosmos' enigmas.
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