Author: News Desk
Sofia Sacoor, a 17-year-old entrepreneur from Dubai, is making waves in the fashion industry while supporting a cause close to her heart. As a member of the renowned Sacoor family, known for their premium fashion brand Sacoor Brothers, Sofia is now paving her own path with her athleisure brand, SU1. The Birth of SU1 SU1, which stands for “Step Up One,” was created by Sacoor to blend her passion for fashion and sports with a mission to support children with Type 1 Diabetes (T1D). The idea for the brand was born from her personal experience with T1D and a desire…
Thailand’s King Maha Vajiralongkorn, also known as King Rama X, is often cited as one of the world’s wealthiest individuals. His opulent lifestyle includes an extensive collection of diamonds, luxury cars, vast expanses of land, and numerous other extravagant assets. According to the Financial Times, the royal family’s total wealth is estimated to exceed USD 40 billion, or approximately Rs 3.2 lakh crore. King Maha Vajiralongkorn’s extensive real estate holdings cover 6,560 hectares (16,210 acres) across Thailand, including 17,000 contracts in the capital, Bangkok. He holds a 23 percent stake in Siam Commercial Bank, Thailand’s second-largest bank, and a 33.3…
Railways Minister Ashwini Vaishnaw voiced strong criticism against the Kerala government, accusing it of insufficient cooperation on railway projects. During a discussion in the Lok Sabha, Vaishnaw emphasised that significant progress could be made in Kerala if the state government provided the necessary support. His comments were reported by news agency PTI. Remarks on Angamaly-Sabarimala Railway Line Ashwini Vaishnaw made these remarks while addressing a supplementary question about the long-pending Angamaly-Sabarimala railway line project, which was first sanctioned in 1997-98. He responded to Congress member Adoor Prakash’s inquiry by stating, “The Kerala government has not been very cooperative on railway…
German venture capital firm UVC Partners has secured a €5 million investment from IT giant Infosys for a minority stake. This funding will be provided over a period of approximately five years, as needed. Infosys announced that this investment is part of its Innovation Fund, designed to collaborate with UVC’s ecosystem and startups to co-create advanced solutions using Deep Tech and artificial intelligence (AI). Enhancing Business Transformation The solutions developed through this partnership aim to support clients in their business transformation efforts by leveraging cutting-edge technologies such as AI and Deep Tech. Infosys views Germany as a key market and…
Mukesh Ambani, Asia’s wealthiest individual, experienced a massive financial setback on Tuesday, losing Rs 9,200 crore in just one day. This dramatic decline followed a downturn in the share market triggered by Finance Minister Nirmala Sitharaman’s announcements in the Union Budget 2024. The Finance Minister revealed an increase in both long-term capital gains (LTCG) and short-term capital gains (STCG) taxes, which led to a red market. Impact on Reliance Industries During the market turbulence on budget day, Reliance Industries, Mukesh Ambani’s flagship company, saw its stock trading negatively. This decline significantly affected Ambani’s net worth. According to the Bloomberg Billionaires…
Parle-G, synonymous with biscuits worldwide, stands as one of the largest biscuit brands globally. The company’s remarkable journey began nearly 100 years ago during the British colonial era in India. The story of Parle-G traces back to the early 1900s when a 12-year-old boy named Mohanlal Chauhan moved to Mumbai from a small town near Valsad in South Gujarat. Eager to learn a trade, Mohanlal mastered sewing and, by the age of 18, established a store in Gamdevi, Mumbai. This venture provided him with financial stability, leading him to start two independent businesses, D Mohanlal and Co. and Chhiba Durlabh.…
Aachi Masala Foods is a brand that embodies the rich culinary heritage of India, becoming a staple in kitchens across South India and beyond. Founded in 1995 in Chennai by Padmasingh Isaac, Aachi Masala Foods has grown to be a beacon of taste and tradition. Isaac’s journey from Nazareth, Tamil Nadu, to leading a culinary empire is one of resilience and innovation. Growing up in an agricultural family and inspired by his mother’s cooking, Isaac ventured into the spice business after a decade as a hair dye salesman at Godrej. His first product, a curry masala powder priced at just…
Mukesh Ambani, one of the wealthiest individuals globally, ensures that his personal staff are handsomely rewarded. In 2017, it was revealed that Ambani’s personal driver earns an impressive Rs 2 lakh per month, translating to an annual salary of at least Rs 24 lakh. This substantial compensation reflects Ambani’s commitment to rewarding his employees well. Rigorous Training and Security Ambani’s drivers undergo extensive training and are employed through specialised contracting firms. They are adept at managing both commercial and luxury vehicles and are trained to handle complex driving conditions. Additionally, Ambani’s vehicles are equipped with advanced bulletproof technology, ensuring the…
Finance Minister Nirmala Sitharaman’s Union Budget 2024 announcement brought significant good news for Ratan Tata’s company, Titan, which saw its market value increase by approximately Rs 19,000 crore in a single day. The surge followed a reduction in the import tax on gold and silver by 6%, leading to a 7% rise in Titan’s shares. Titan, which includes the well-known jewelry brand Tanishq under its umbrella, experienced a notable boost in its stock value. According to data from the Bombay Stock Exchange (BSE), Titan’s shares closed at Rs 3,468.15, up by 6.63%. During the trading session, the shares peaked at…
The wedding of Anant Ambani, son of billionaire Mukesh Ambani, and Radhika Merchant has captured global attention, not only for its grandeur but also for its staggering cost of ₹5,000 crores, making it one of the most expensive weddings in history. Among the lavish gifts received by the couple, a standout item has sparked discussions on social media: a Darts SUV valued at ₹15 crores. Darts, a Latvia-based company renowned for manufacturing high-performance armored vehicles, is known for its bespoke luxury SUVs, which are fully customized to meet the preferences of its clients. Reports indicate that Anant Ambani’s Darts SUV…