Author: News Desk

King Charles III and former Prime Minister Rishi Sunak both have an estimated net worth of £640 million in 2025, placing them jointly at number 238 on the Sunday Times Rich List. The monarch’s wealth increased significantly, rising 20 places from last year, largely due to profitable wind farm deals by the Crown Estate. These deals doubled returns and increased the sovereign grant that supports royal expenses. However, many royal assets, such as Buckingham Palace, remain publicly owned “in the right of the Crown” and are not part of his personal fortune. King Charles’s private wealth includes estates like Balmoral…

India’s defence budget is likely to increase by Rs 50,000 crore, pushing the total defence allocation beyond Rs 7 lakh crore, government sources told NDTV. This additional fund will be part of the supplementary budget to be proposed during the Parliament’s Winter Session. Current Defence Spending and GrowthThe 2025-26 budget had already allocated a record Rs 6.81 lakh crore to the armed forces, marking a 9.2% rise from Rs 6.22 lakh crore in 2024-25. Defence spending remains the highest among all ministries, accounting for 13% of the total budget. Focus Areas for Additional FundsThe extra budget will mainly support research…

Chinese autonomous vehicle company WeRide has launched fully driverless robotaxi trials in Abu Dhabi, marking the first deployment of such services in the Middle East. The announcement was made on Friday, with WeRide confirming that the pilot phase will begin this quarter. The robotaxis will operate on public roads without a safety driver on board. Commercial Rollout Expected in 2025WeRide plans to gradually introduce commercial driverless ride services and expand coverage starting in the summer of 2025, subject to regulatory approvals. The company will include new high-demand areas such as Al Maryah Island and Al Reem Island in its service…

India has revoked the security clearance of Turkey-based Celebi, a company that provides airport ground handling services across the country. The move, announced on May 16, was linked to national security concerns and came amid public backlash over Turkey’s support for Pakistan in the India-Pakistan conflict. Legal Response by CelebiIn response, Celebi filed a petition with the Delhi High Court, requesting the reversal of the decision. The company argued that the order was vague and lacked specific reasoning. According to the filing, the action threatens 3,791 jobs and could damage investor confidence. Celebi claimed it received no prior warning and…

Prahlada Ramarao was only 35 when Dr. APJ Abdul Kalam selected him to lead the Akash missile project. At the time, Kalam was working at the Defence Research Laboratory in Hyderabad. Ramarao said Kalam taught him how to turn individual skills into teamwork and that India needs more leaders like him. Akash’s Success Made Ramarao Emotional Now 78 and a Padma Shri winner, Ramarao said he was proud when Akash missiles stopped enemy drones and missiles during the May 8–9 attack on India’s western border. “It was the happiest day of my life,” he said. Long Journey to Build Akash…

Namita Thapar is among India’s most well-known women business leaders. She serves as the executive director of Emcure Pharmaceuticals, a top Indian multinational pharmaceutical company. Besides her corporate role, she is also a popular television figure through her appearance on Shark Tank India, where she gained national recognition. Lavish Lifestyle and Luxury Choices Namita is known for living an ultra-luxurious life. She resides in a home reportedly worth ₹50 crore and owns luxury cars like the BMW X7, Audi Q7, and Mercedes-Benz GLE. She also made headlines at the Cannes Film Festival for wearing shoes that cost ₹20 lakh, reflecting…

Following escalating tensions between India and Pakistan, several flights from airports in the UAE to both countries have been cancelled or delayed. This disruption is primarily due to airspace restrictions across the Gulf region, with some flights being diverted or rescheduled. Emirates, FlyDubai, and SpiceJet have issued advisories, notifying passengers about the changes. Emirates Airlines announced the cancellation of flight EK 513 from Dubai to New Delhi, and several other flights were either delayed or cancelled. In total, 13 flights to Pakistan from the UAE, including routes to cities like Lahore, Karachi, and Islamabad, were affected. These cancellations included flights…

The Bureau of Civil Aviation Security (BCAS) has revoked the security clearance of Çelebi Airport Services India, the Indian arm of Turkish ground handling giant Çelebi Aviation Holding. The move, effective immediately, is based on concerns related to national security. Çelebi India has responded, asserting that it is a fully Indian-managed and operated enterprise, not a Turkish organisation in its functioning. Turkey’s Support for Pakistan Fuels BacklashThe revocation comes as political tensions between India and Turkey escalate. Turkey’s open support for Pakistan following India’s military strikes in Pakistan and PoK under “Operation Sindoor” has drawn sharp criticism in India. The…

Reliance Industries is ramping up investments across both its core operations and emerging sectors, aligning with Chairman Mukesh Ambani’s goal of placing the group among the world’s top 30 most valuable companies. Currently in the top 50, Reliance is pushing forward with aggressive capital deployment and sectoral expansion to climb the global rankings. Focus on Deep Tech and Advanced Manufacturing Ambani, speaking at the 2024 Annual General Meeting, highlighted Reliance’s transformation into a technology producer, with growing involvement in deep tech and advanced manufacturing. These areas are now central to the company’s future roadmap. Big Plans for New Energy Business…

US President Donald Trump publicly cautioned Apple CEO Tim Cook against expanding iPhone production in India. Speaking at Doha, Qatar, Trump expressed dissatisfaction despite Apple’s announced $500 billion investment plans. He said, “I don’t want you building in India… India can take care of themselves.” Impact on Apple’s India Manufacturing Strategy Tim Cook had earlier revealed plans to source most iPhones sold in the US from India. This shift was part of Apple’s strategy to mitigate risks amid the ongoing US-China tariff conflict. The plan included redirecting India-made iPhones, previously destined for Europe, the UK, Turkey, and Japan, to the…