Author: News Desk

India marked a significant milestone in maritime infrastructure on with the virtual inauguration of Phase 2 at the Bharat Mumbai Container Terminal (BMCT or PSA Mumbai) at Jawaharlal Nehru Port by Prime Minister Narendra Modi and Singapore Prime Minister Lawrence Wong. With this expansion, PSA Mumbai has become the country’s largest standalone container terminal, doubling its handling capacity from 2.4 to 4.8 million TEUs. The upgraded terminal now features a 2,000-metre continuous quay, allowing simultaneous berthing of multiple mega-container vessels. Built as a public-private partnership, the phase‑2 project was backed by a S$1.7 billion (approx US$1.3 billion) investment from PSA,Singapore’s largest FDI in India to date. Spread over 200 hectares, the terminal includes 24 quay cranes, 72 rubber‑tyred gantry…

Vedanta Group has emerged victorious in the challenge auction held on September 5, 2025, submitting a ₹17,000 crore bid to acquire indebted Jaiprakash Associates Ltd (JAL), surpassing the competing offer from the Adani Group. This bid corresponds to a net present value (NPV) of approximately ₹12,505 crore. The Corporate Insolvency Resolution Process (CIRP) for JAL, which has interests across cement, real estate, power, hospitality, and roads, was initiated after the company defaulted on loan repayments. Its total outstanding dues from financial creditors exceed ₹57,000 crore, with the National Asset Reconstruction Company Ltd (NARCL) as a primary claimant after taking over…

Prominent investor Porinju V. Veliyath bought 5 lakh shares in Fratelli Vineyards through bulk deals at ₹109.70 per share, amounting to a total investment of ₹5.5 crore. Following the purchase, Fratelli Vineyards’ stock surged approximately 5%, reaching the upper circuit limit and trading at ₹115.15 . This activity comes amid a challenging phase for the company. In Q1 FY2025, Fratelli reported a consolidated net loss of ₹5.8 crore, an improvement from an ₹11 crore loss in Q4 FY2024, yet down sharply from a ₹2.7 crore net profit in Q1 FY2024. Revenues also fell 80% year-on-year to ₹29 crore from ₹144.2 crore.…

India’s top 28 listed real estate developers recorded property sales worth ₹52,842 crore in the April–June quarter of FY26, reinforcing the post-pandemic surge in housing demand. Prestige Estates Projects Ltd led the charts with ₹12,126 crore in pre-sales. DLF Ltd followed with ₹11,425 crore, fuelled by strong luxury demand in Gurugram. Godrej Properties clocked ₹7,082 crore, while Lodha Developers (₹4,450 crore) and Signature Global (₹2,640 crore) rounded out the top five. Together, these firms accounted for 71 percent of total sales. Other notable performers included Sobha Ltd (₹2,079 crore), Omaxe Ltd (₹2,001 crore), and Oberoi Realty (₹1,639 crore). Mumbai-based players…

Bill Gates, the co-founder of Microsoft, is known around the world not just for his technological genius but for his immense philanthropic work. Even before leading one of the largest technology companies, Gates had already amassed significant wealth. Today, he ranks among the richest people globally and has donated over $23.5 billion to charitable causes as of 2017. While many equate success with financial gain, Gates and his wife Melinda have always emphasized using wealth to make a meaningful difference in the world. 1. True Wealth Lies in Adding Value to OthersFor Gates, the most meaningful achievement is improving the…

Lord Swraj Paul, the legendary NRI entrepreneur and philanthropist, passed away in London at the age of 94. Born in Jalandhar in 1931, Paul’s journey from a small-town upbringing to becoming a member of the British House of Lords is a story of resilience, ambition, and compassion. Educated at Punjab University and later at MIT in the US, he returned briefly to India before moving to the UK in 1966 to seek treatment for his daughter Ambika, who tragically passed away at age 4. In her memory, he established the Ambika Paul Foundation, supporting child welfare initiatives worldwide. In 1968, he…

India once had a Nawab so wealthy he built his own railway station—inside his palace. That Nawab was Hamid Ali Khan of Rampur. In the early 1900s, when ordinary Indians struggled to afford train fare, the Nawab constructed a 40-km private rail line from Milak to his Rampur Palace in Uttar Pradesh. His personal train, complete with guards, cooks, and servants, would arrive right at his doorstep. The train itself was a palace on wheels: four royal coaches with chandeliers, Persian rugs, teakwood furniture, and even two separate kitchens—one for Indian vegetarian meals and another for English-style non-veg. After Partition,…

In a career spanning nearly four decades, Vineet Agrawal led Wipro Consumer Care & Lighting through a transformative journey, from a modest ₹300 crore business in 2002 to a ₹10,600 crore (~$1.2 billion) global FMCG leader by 2025. As he prepares to retire in January 2026, Agrawal leaves behind a legacy of vision, discipline, and expansion. From Fieldwork to the Corner Office Agrawal joined Wipro as a management trainee in 1985 and began his career on the ground, shadowing seasoned sales professionals in cities like Patna and Ranchi. These early experiences, including a powerful lesson in dignity from a salesperson who reorganized fallen soap…

Russia is exploring a strategic proposal to produce the Su-57 fifth-generation stealth fighter in India under the “Make-in-India” initiative. Current discussions focus on evaluating the feasibility and costs of setting up local manufacture, likely at HAL’s existing facilities, and transferring critical technologies. India’s military planners are considering acquiring two to three squadrons of advanced fighters and are evaluating the Su-57 alongside the American F-35 as possible contenders. The proposal from Rosoboronexport and the United Aircraft Corporation (UAC) goes far beyond off-the-shelf sales. It includes full technology transfer, local production of the export variant Su-57E, integration of Indian systems like GaN-based AESA radars and mission computers,…

In a high-profile cultural collaboration, Visit Qatar has launched a long-term partnership with the Nita Mukesh Ambani Cultural Centre (NMACC) in Mumbai to deepen ties with Indian audiences and attract luxury travellers to the Gulf nation. The campaign kicked off with a gala event in Mumbai attended by top officials, celebrities, and cultural figures from both countries. Key dignitaries included Saad bin Ali Al Kharji, Chairman of Qatar Tourism, Abdulaziz Ali Al Mawlawi, CEO of Visit Qatar, and Mohammed bin Hassan Al Jaber, Qatar’s Ambassador to India. From India, the event saw the presence of Bollywood celebrities and noted Indian classical artist Rahul Sharma, who joined the Qatar Philharmonic…