Author: News Desk

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,…

Getting groceries and essentials delivered quickly is no longer just a convenience—it’s an expectation. Zepto has built a system that makes fast delivery reliable and simple. By combining smart storage, careful planning, and data-driven decisions, the company ensures orders reach customers quickly and accurately. Understanding CustomersZepto pays close attention to what customers want. By studying shopping habits and preferences, the company can suggest products people actually like and send personalized offers. Product managers work with data and marketing teams to make shopping feel personal, which keeps customers coming back. Keeping Inventory in CheckRunning out of stock is frustrating, and keeping…

A Billionaire in Dubai Without a Royal Title In a city where wealth is often associated with royalty, Pavel Durov has rewritten the narrative. With an estimated net worth of $17.1 billion, the reclusive tech entrepreneur has become Dubai’s richest man, surpassing many royals without holding any princely lineage or title. The Man Behind Telegram Durov’s fortune stems from his controlling stake in Telegram, the encrypted messaging platform he founded in 2013. Known for its speed, privacy, and global user base of over 900 million, Telegram has become a serious rival to WhatsApp and other mainstream apps. The company’s valuation has soared, placing Durov among…

Indian cricketer Tilak Varma played a decisive role in India’s victory over Pakistan in the Asia Cup 2025 final in Dubai. At just 22, his match-winning knock of 69 runs came at a crucial juncture, helping India secure a historic five-wicket triumph. Beyond his on-field achievements, Tilak’s journey from the bylanes of Hyderabad to international cricket stardom is inspiring. Asia Cup 2025 Final Tilak’s 69-run innings rescued India when the match seemed to be slipping away, cementing his role as the team’s middle-order anchor. His performance was pivotal in clinching India’s Asia Cup title. Historic India-Pakistan Clash The final marked…