Author: News Desk
Amidst political turmoil in Bangladesh, with violent protests and the fallout from a coup, the country continues to witness stark contrasts in wealth distribution. While the nation faces economic struggles, including poverty and unemployment, a select group of billionaires, including Musa Bin Shamsher, have seen their fortunes skyrocket. Musa Bin Shamsher’s Rise to Riches Musa Bin Shamsher, often referred to as the “Ambani” of Bangladesh, is the nation’s wealthiest individual. He is the founder of the DATCO Group, a company involved in international arms dealings and power brokerage. With a net worth estimated at $12 billion (approximately ₹99,600 crore), Shamsher…
Nusli Wadia, the chairman of the Wadia Group, has made a significant mark in Indian business, yet his journey has had its setbacks. A billionaire with interests in FMCG, textiles, and real estate, Wadia’s empire includes Britannia Industries and Bombay Dyeing. However, his airline, Go First, which operated for several years, was declared bankrupt in 2023. Business Empire Amid Setbacks Despite the bankruptcy of Go First, Wadia’s net worth remains strong, with an estimated value of USD 5.2 billion (Rs 44,154 crore) according to Forbes. In September 2024, he made headlines by selling a 10-acre property in Mumbai for over…
Born and raised in Mumbai, Kabir Mulchandani initially worked in his family’s electronics business before transitioning to Dubai’s real estate market. However, his journey wasn’t without challenges. During the 2008 financial crisis, Kabir faced allegations of fraud and embezzlement, leading to a 140-day jail term. By 2010, he was acquitted of all charges, marking a pivotal moment in his career. Founding FIVE Holdings In 2011, Kabir launched FIVE Holdings, a luxury real estate and hospitality company. Known for redefining opulence, the company’s portfolio includes the iconic FIVE Palm Jumeirah hotel in Dubai. With innovative features like drive-in nightclubs for supercars…
India’s electric vehicle (EV) market is booming, with new models being launched daily. Electric vehicles are gaining popularity for being cost-effective and environmentally friendly. Introducing Strom R3 Mumbai-based start-up Strom Motors has unveiled the country’s most affordable electric car, the Strom R3, priced at just ₹4.5 lakh. This unique three-wheeled vehicle stands out with its innovative design and features. Impressive Range at an Affordable Price The Strom R3 offers an impressive 200 km range on a single charge, making it a cost-efficient option. Equipped with a powerful electric battery and a high-efficiency motor, it ensures long-lasting performance at a budget-friendly price.…
Anil Ambani, often seen as the less successful younger brother of Mukesh Ambani, Asia’s wealthiest man, has faced immense financial challenges in recent years. Many of his businesses have either shut down, been sold, or fallen into massive debt. However, in recent years, there has been a shift in Anil Ambani’s fortunes, largely thanks to the efforts of his sons, Jai Anmol Ambani and Jai Anshul Ambani. Sons Stepping In to Save the Empire Both Jai Anmol and Jai Anshul are deeply involved in the operations of their father’s business. They are helping secure new deals for Reliance Group and…
India’s critical care sector faces severe shortages, with only 2.3 ICU beds per 100,000 people. The shortage is compounded by a lack of trained intensivists, with only 5,000-6,000 professionals in the country. This issue is particularly dire in smaller towns and non-metro regions, leading to preventable deaths. Cloudphysician’s AI-Driven Solution Founded in 2017 by Dileep Raman and Dhruv Joshi, Cloudphysician is a Bengaluru-based healthcare startup aiming to bridge India’s critical care gap. The company uses AI and telemedicine to connect ICUs across the country, enhancing patient outcomes in neonatal and adult critical care. By offering video feeds and bedside data…
Union Minister for Road Transport and Highways, Nitin Gadkari, has announced a major infrastructure project in Tamil Nadu. The government has approved a ₹13.38 billion plan to construct an access-controlled highway along NH-40, spanning 28 kilometers. This highway will connect Walajapet/Ranipet to the Tamil Nadu-Andhra Pradesh border. Key Highway Features The new highway will include a four-lane main road with paved shoulders and two-lane service roads on both sides. To ease congestion, a 10-kilometer bypass will be built around Walajapet and Ranipet. The design aims to improve traffic for both long-distance travelers and local commuters. Infrastructure Upgrades Safety will be…
A recent viral claim about phishing emails offering e-PAN card downloads has been found to be fake by Channeliam. Scammers are targeting unsuspecting users by exploiting the buzz around the government’s PAN 2.0 project. Here’s everything you need to know about this fraudulent scheme and how to stay safe. The Fraudulent Scheme Behind the e-PAN Emails Phishers are sending fake emails pretending to be from the Income Tax Department, trying to convince users to download their e-PAN cards. These emails falsely promise assistance with downloading the digital cards and often ask for sensitive information. The Press Information Bureau (PIB) Fact…
Tata Motors, one of India’s leading car manufacturers, is renowned for its durable and well-built vehicles. With a focus on robust build quality, Tata has managed to captivate not just the general public but also high-profile individuals, including celebrities and billionaires. Below, we explore the Tata cars owned by some of India’s most prominent billionaires and how their choices reflect their preferences for homegrown automotive excellence. Sridhar Vembu – Nexon EV Sridhar Vembu, the CEO of Zoho Corporation, is known for leading a simple lifestyle, despite his massive wealth. Vembu stands out for driving a Tata Nexon EV, a vehicle…
Surender Saluja, aged 77, is one of India’s richest businessmen with a net worth of USD 4.5 billion (Rs 38,187 crore), as per Forbes. He is the founder and chairman of Premier Energies, a leading solar cell and solar module manufacturer. Recognized as India’s richest individual in the energy sector, his company debuted in the share market in September 2024, achieving a market capitalization of Rs 57,789 crore by December 10. A Visionary Entrepreneur Surender plays a pivotal role in guiding Premier Energies, providing strategic direction and shaping its business strategies. His son, Chiranjeevi, serves as the managing director of…