Author: News Desk
George V Nereamparambil, an Indian businessman, has achieved a remarkable feat by becoming the largest property owner in the Burj Khalifa, the world’s tallest building. Owning 22 luxury apartments in the iconic structure, George’s journey from a humble mechanic to a real estate tycoon is a testament to his perseverance and business acumen. George was born in Kerala and faced financial hardships from a young age. To support his family, he began working at eleven, assisting his father in the cash crop trade and transportation. He later started a small business making gum from leftover cotton seeds. In 1976, George moved to Sharjah, where he identified…
Ravi Jaipuria, often hailed as the “Cola King of India,” has amassed a staggering net worth of ₹152,130 crore through his strategic acumen and relentless perseverance in the beverage industry. Born in 1953 into a traditional Marwari family, Jaipuria inherited a passion for business from his father, Chunni Lal Jaipuria, who became Coca-Cola’s bottling franchisee. However, the 1977 foreign exchange laws led to Coca-Cola’s exit from India, presenting a significant challenge for the Jaipuria family. As Coca-Cola departed, the Jaipurias pivoted to bottling Thums Up, a rising local brand. Tragedy struck in 1985 when Ravi’s wife died in a plane…
In Kutagulla, Andhra Pradesh, Narasamma has transformed a simple roadside stand into a flourishing business over the past decade. Operating from a small hut just three kilometres from Kadiri, her dosa stand generates a daily income of approximately Rs 10,000, totaling around Rs 3 lakh per month. Family-Run Success Narasamma’s dosa stand is a family-operated business, with each member contributing to its success. This collective effort has resulted in impressive daily earnings. The menu includes egg dosas priced at twenty-five rupees, regular dosas at ten rupees, and spicy dosas at twenty rupees. Serving from 7 AM to noon, the stand attracts a diverse clientele, including local labourers, small business owners, students, government…
India’s startup ecosystem has witnessed remarkable growth, with the number of startups now surpassing 140,000. This surge reflects the country’s vibrant entrepreneurial spirit and its expanding innovation sector. Regional Startup Distribution Maharashtra leads the startup landscape with the highest number of registered ventures, totaling 25,044. Following closely are Karnataka with 15,019 startups, Delhi with 14,734, Uttar Pradesh with 13,299, and Gujarat with 11,436. This distribution highlights the widespread entrepreneurial activity across various regions of the nation. Government Initiatives for Startup Growth To support and foster this expanding startup ecosystem, the Indian government has introduced several initiatives. The “Startup India” program,…
SpaceVIP, a luxury space travel company, is redefining the boundaries of high-end experiences with its latest venture: a $495,000 dining journey to the edge of space. This groundbreaking adventure merges gastronomy, art, and the breathtaking view of Earth from above, attracting affluent travellers from the UAE and around the world. In a collaboration, SpaceVIP has teamed up with Danish chef Rasmus Munk of the acclaimed restaurant Alchemist. Together, they are offering a six-hour culinary journey aboard Space Perspective’s Spaceship Neptune. Despite the substantial price tag, interest has been overwhelming. “We were surprised by the level of interest,” said Roman Chiporukha, founder of SpaceVIP.…
The Central Government is preparing to overhaul the traditional toll collection system with a modern, satellite-based approach. Union Road Transport and Highways Minister Nitin Gadkari has announced that the new toll system will utilise the Global Navigation Satellite System (GNSS) and aims to align the road network of National Highways with the standards of the United States. Direct Deduction Based on Distance Travelled Under the new system, toll charges will be automatically deducted from drivers’ bank accounts based on the distance travelled. Gadkari emphasised that this method will not only be more efficient but also cost-effective. “We are replacing the…
The Lubrizol Corporation, a global manufacturer of specialty chemicals, has signed a memorandum of understanding (MoU) to acquire a 120-acre plot in Aurangabad, Maharashtra, marking a significant expansion in India. The company plans to construct a state-of-the-art manufacturing facility on the site, with the initial phase representing an investment of approximately $200 million. This investment is the largest ever made by Lubrizol in India. Once completed, the new plant will be Lubrizol’s second-largest manufacturing facility globally and the largest in India. The construction will be executed in phases over the coming years, with provisions for future expansion to meet growing…
Zhong Shanshan, China’s richest man and chairman of Nongfu Spring Co., is facing a significant decline in his wealth, risking his top position in the global billionaire rankings. Zhong, whose fortune has dropped by $13 billion (₹108,000 crore) this year, now holds a net worth of $54.8 billion. This places him just ahead of Colin Huang, founder of PDD Holdings Inc., whose wealth stands at $47.3 billion. The Bloomberg Billionaires Index reports that Zhong’s wealth has been severely impacted by several factors, including intense competition and public relations issues surrounding his bottled water company. Nongfu Spring, listed in Hong Kong,…
Surya Varshan, a 22-year-old entrepreneur from Madurai, Tamil Nadu, has taken the direct-to-consumer (D2C) market by storm with his brand ‘Naked Nature.’ From humble beginnings in his 12th grade, Surya’s journey began with the creation of Hibiscus Bath Salt, a product he crafted in his kitchen using just Rs 200 saved from his pocket money. Today, Naked Nature boasts a valuation exceeding Rs 10 crore. Surya’s entrepreneurial spirit ignited during his high school years. With a modest investment and leveraging the abundant salt resources from his hometown, Thoothukudi, he developed his first product. Despite facing rejection due to his young…
Stepping on a business venture requires maturity, courage, and a willingness to take risks. With sincerity, hard work, and passion, some individuals turn challenges into remarkable success stories. One such individual is M. P. Ahammed, founder of Malabar Gold and Diamonds, one of the world’s largest retail jewellery groups. Ahammed’s entrepreneurial journey began at a very young age. His passion for creating something unique and impactful set the foundation for his future endeavors. At just 20 years old, he ventured into the spice industry in 1978, setting up a business in Kozhikode, Kerala, to sell black pepper, coriander, and coconut.…