Author: News Desk
India received a record $135.46 billion in remittances in the last fiscal year, continuing its streak as the world’s top remittance recipient for over a decade. This 14% surge was driven largely by skilled Indian professionals migrating to countries like the United States, United Kingdom, and Singapore. Major Share from Developed Countries According to Reserve Bank of India (RBI) data, the US, UK, and Singapore collectively accounted for 45% of all remittances sent to India. In contrast, the share from Gulf Cooperation Council (GCC) countries has been declining, partly due to fluctuating oil prices which traditionally impact migration and remittance…
Prime Minister Narendra Modi will embark on an eight-day, five-nation diplomatic tour from July 2 to July 9. Covering two continents, this is Modi’s longest overseas visit in the past decade and aims to deepen India’s engagement with the Global South and attend the 17th BRICS Summit in Brazil. First Stop: Ghana on July 2–3Modi’s first destination is Ghana, marking his first bilateral visit to the West African country. It is also the first visit by an Indian prime minister to Ghana in 30 years. He will meet with Ghana’s President to review and enhance cooperation in sectors such as…
Rosneft has reportedly started early-stage discussions with Reliance Industries to sell its 49.13% stake in Nayara Energy, according to PTI sources. If the deal moves forward, it could significantly strengthen Reliance’s position in India’s refining and fuel retail sector. Potential to Surpass Indian Oil’s Refining CapacityWith Reliance already operating 68.2 million tonnes per annum at its Jamnagar facility, acquiring Nayara’s 20 million tonne Vadinar refinery could push Reliance ahead of Indian Oil Corporation’s 80.8 million tonnes per annum capacity. Both refineries are located in Gujarat, offering operational synergies. Valuation Remains a Key HurdleRosneft is reportedly seeking around $17 billion, reduced…
At the time of her sudden passing, actress and dancer Shefali Jariwala had an estimated net worth of $1 million, which amounts to approximately ₹7.5 crore. Though she appeared in only a few films and music videos, her consistent visibility in pop culture and television helped her maintain a stable and noteworthy income over the years. Earnings from Multiple PlatformsShefali’s earnings came from a mix of music videos, Bollywood cameos, reality shows, and brand and public appearances. While Kaanta Laga made her famous in 2002, she later participated in shows like Nach Baliye and Bigg Boss 13, keeping her in the public eye. Her participation in events and television…
Amul tops Brand Finance’s India 100 – 2025 report as India’s most valuable food brand ($4.1 billion), with Mother Dairy climbing to second place, showcasing dairy sector dominance.
The long-pending rail tunnel project connecting Balaramapuram railway station and Vizhinjam International Seaport is moving forward, with Konkan Rail Corporation Ltd (KRCL) expected to issue tenders in July 2025. Final clearance from Vizhinjam International Seaport Ltd (VISL), the state-owned port authority, is awaited before the tender is floated. The project will follow an engineering, procurement, and construction (EPC) model. Timeline and ExecutionOnce the tender is issued, a three-month window will be allotted for contractor selection. The chosen contractor will then get another three months for the final design phase. Construction is slated to begin in January 2026. The entire tunnel…
India has emerged as the world’s third-largest startup ecosystem, trailing only the United States and China. According to a report by Meta, the country now hosts over 1.4 lakh startups, with more than 30,000 of them being tech-focused. From just 500 startups recognised by the Department for Promotion of Industry and Internal Trade (DPIIT) in 2016, the number has grown to over 1.59 lakh by January 2025. Key Drivers of Startup GrowthThe report identifies six major levers driving startup momentum in India: Artificial Intelligence IntegrationOver 70% of Indian startups are actively integrating AI into their operations. Sectors such as healthcare,…
Eravikulam National Park in Munnar has been ranked the best-managed national park in India, based on the Management Effectiveness Evaluation (MEE) 2020–25 by the Union Ministry of Environment, Forest and Climate Change. The park scored an impressive 92.97%, tying for the top spot with Dachigam National Park in Jammu & Kashmir. Evaluation Criteria and ProcessThe MEE assessed 438 Protected Areas using 32 parameters grouped under six broad themes, in line with international guidelines from the IUCN and the World Commission on Protected Areas (WCPA). The evaluation was carried out by expert panels across multiple phases. Kerala Leads NationallyKerala was the only state to receive an overall rating of ‘Very Good’, with a score…
Anant Ambani, youngest son of Mukesh Ambani, Chairman of Reliance Industries Ltd (RIL), has been appointed as Executive Director of RIL. As part of his new role, Anant will receive an annual salary ranging between ₹10 crore and ₹20 crore, in addition to profit-based commissions and a range of executive perks. Comprehensive Executive PackageAccording to a recent postal ballot notice sent to shareholders, Anant Ambani’s remuneration includes a structured salary along with various perquisites. These include a fully furnished residence or a house rent allowance, utility bill allowances (gas, electricity, water), leave travel concessions for himself and his family, reimbursements…
India’s Mont Vert Group has partnered with Kazakhstan’s Big B Corporation in a $500 million (approx. ₹4,300 crore) agreement to develop major healthcare and education infrastructure in Kazakhstan. The initiative reflects the countries’ shared commitment to strengthening bilateral ties. Large-Scale Project Across Two CitiesThe project will span Kazakhstan’s capital Astana and the city of Almaty. It includes the establishment of a world-class medical university designed to accommodate 10,000 students, alongside the development of a 1,000-bed multi-specialty hospital equipped with advanced medical facilities. Reducing Medical Travel AbroadThis initiative aims to improve access to quality healthcare and education within Kazakhstan, helping reduce…