Author: News Desk
Roshni Nadar, Chairperson of HCL Technologies, has emerged as India’s richest woman, according to the M3M Hurun India Rich List 2025, released Wednesday. Making her debut on the list, she and her family secured the third spot with a combined wealth of ₹2.84 lakh crore. This is the first time a woman has entered the top three positions of the ranking. At 44, Nadar is also the youngest among the top 10 names. Tech-Driven Wealth The Hurun list noted, “For the first time, a woman entered the Top 3 of the M3M Hurun India Rich List 2025 — Roshni Nadar…
French tyre major Michelin unveiled its first Made-in-India premium passenger vehicle tyre at its Chennai plant on Tuesday. The tyres will be commercially available across India by the first half of 2026, joining competitors like MRF, JK Tyres, Apollo, and Ceat. Investment and Production Details Michelin has invested ₹686 crore in the Chennai car tyre plant, adding to the ₹2,800 crore spent since the plant’s inauguration in 2009. Constructed in a record 12 months, the facility will manufacture 16- to 22-inch tyres across ranges such as LTX Trail ST, Pilot Sport 4 SUV, Pilot Sport 5, and Primacy 5. The…
The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the “Mission for Aatmanirbharta in Pulses,” a six-year program running from 2025-26 to 2030-31. With a total outlay of ₹11,440 crore, the mission aims to make India self-reliant in pulses production, following the announcement in the 2025-26 Budget by Finance Minister Nirmala Sitharaman. Focus on Key Pulses and Assured Procurement The mission will prioritize production of tur, urad, and masur. Government agencies, including the National Agricultural Cooperative Marketing Federation of India (Nafed) and the National Cooperative Consumers’ Federation of India Ltd (NCCF), will provide assured procurement for registered farmers.…
Tesla CEO Elon Musk made history on October 1, 2025, by becoming the first individual ever to achieve a net worth of nearly $500 billion. His fortune reached $499.5 billion, according to Forbes’ billionaires index, driven by a rebound in Tesla shares and rising valuations of his other technology ventures. Tesla Stock Drives Wealth Surge Tesla stock has been a major contributor to Musk’s wealth growth, climbing over 14% this year and rising nearly 4% on October 1 alone, which added more than $7 billion to his net worth. Major Compensation Plan Last month, Tesla’s board proposed a $1 trillion…
Aravind Srinivas, co-founder of Perplexity AI, has made history as the youngest billionaire on the M3M Hurun India Rich List 2025. At 31, the Chennai-born entrepreneur debuts with a personal net worth of ₹21,190 crore. His AI-powered search engine, Perplexity, which competes with global tech giants, has propelled him to international recognition. Srinivas joins other young innovators on the list, including Zepto founders Kaivalya Vohra (22) and Aadit Palicha (23). India’s Billionaire Surge India now has a record 358 billionaires, according to the report, with 1,687 individuals worth over ₹1,000 crore. Collectively, their wealth totals ₹167 lakh crore—nearly half of…
The Netherlands-based IHC Holland BV, the world’s largest dredger manufacturer, has pledged to actively support India’s shipbuilding sector through a new partnership with Swan Defence and Heavy Industries Ltd. The collaboration, formalized last week with a Memorandum of Understanding (MoU), will focus on assisting Swan in project acquisition and ship construction, said Derk te Bokkel, CEO of Royal IHC. “The MoU signals both trust and opportunity,” Bokkel told ET during his visit to Mumbai. “We believe Indian shipbuilding has a role on the global stage, and Royal IHC wants to support this growth.” Timing Aligns with Government Push Bokkel’s trip…
Tata Advanced Systems (TASL) and Airbus Helicopters have announced plans to establish India’s first privately owned helicopter assembly facility in Vemagal, Karnataka. The plant will assemble the Airbus H125 helicopter, with the first “Made in India” units expected to be delivered by early 2027. This marks a major step forward for India’s civil and defence aviation sectors. Vemagal Selected for Production The facility, located in Karnataka’s Kolar district, will be the country’s first final assembly line for helicopters under private ownership. Airbus and Tata evaluated multiple locations before choosing Vemagal as the optimal site. The plant will integrate key systems…
Pakistan has offered Turkey 1,000 acres of land in the Karachi Industrial Park to establish an Export Processing Zone (EPZ). The move is aimed at attracting Turkish investors and raising trade between the two countries to $5 billion. Companies operating in the zone will enjoy tax incentives, affordable facilities, and benefits to encourage exports. Government Initiative and Historical Ties Prime Minister Shehbaz Sharif’s administration made the offer to Turkish President Recep Tayyip Erdoğan during their meeting in April 2025. The proposal reflects the ongoing cooperation between Pakistan and Turkey, including Turkey’s support during the May 2025 India-Pakistan tensions around Operation…
The Mumbai Metropolitan Region (MMR) is about to get its long-awaited second airport. The Navi Mumbai International Airport (NMIA), designed to eventually surpass Chhatrapati Shivaji Maharaj International Airport (CSMIA) in passenger handling capacity, will be inaugurated by Prime Minister Narendra Modi on October 8. Gautam Adani’s Site Visit Ahead of the launch, Adani Group chairman Gautam Adani reviewed the final preparations at the site. He described the project as more than just infrastructure, calling it a “monument to the spirit of Bharat, built by its people, for its people.” During his visit, he inspected the runways, terminals, and safety systems,…
On October 1, 2025, Prime Minister Narendra Modi marked the centenary of the Rashtriya Swayamsevak Sangh (RSS) at the Ambedkar International Centre in New Delhi. He released a specially designed commemorative ₹100 coin and postage stamp celebrating the Sangh’s contributions to the nation. Calling the RSS the embodiment of “timeless national consciousness,” Modi emphasized the organization’s crucial role in India’s journey toward becoming a developed nation by 2047. Design of the Coin and Stamp The ₹100 coin features the national emblem on one side and an image of Bharat Mata in Varad Mudra, accompanied by a lion and saluting swayamsevaks,…