Author: Punit Panchal

New Delhi: India’s most affluent business families are still responsible for a significant proportion of the company wealth. As per the latest Barclays Private Clients Hurun India report, the total worth of the Ambani, Birla and Jindal Families is estimated to be around ₹42 trillion till June 2026. Led by Reliance Industries’ Mukesh Ambani, the Ambani family was India’s most valuable family of businessmen, valued at ₹25.8 trillion. This is almost three times the valuation of the second-ranked Kumar Mangalam Birla family. The family of Kumar Mangalam Birla was valued around ₹8.1 trillion and the Jindal family was just a…

New Delhi: As difficulties with Ukraine’s fuel supplies continue to intensify with attacks on Russian oil refineries, Russia has begun to import petrol from India. The import of the petrol from Russia is the first occasion of petrol imports from India, reflecting the gravity of the petrol shortage. The first shipment of Indian petrol reportedly arrived in Russia on August 5. Kpler, a data provider for commodity analytics, indicated the fuel was being provided by Indian refinery Nayara Energy, which is connected with the Russian oil producer Rosneft. Russia has a significant oil-refining sector, and typically has sufficient oil processing…

New Delhi: Recently on Tuesday night, August 11, an IndiGo flight has take off from Kolkata has reported that an “extremely serious technical problem” shortly before landing in Chennai. The plane had an serious issue with one engine, and after the pilot called air traffic control, it had to be taken out of service. Then a full-fledged emergency was called at Chennai airport. The plane was full with 224 people, including passengers and crew. Although the engine issue was present, the flight was able to land safely at Runway 25 at approximately 11:37 pm. The call for an emergency was…

New Delhi: According to recent reports, it is official that Tata Sons Chairman N. Chandrasekaran has officially announced that he will going to take retire after his term, which is scheduled to end on February 20, 2027. He took this decision after mulling over the future leadership requirements of the Tata Group, he stated in his official statement ahead of the AGM. Chandrasekaran took this opportunity to thank the Tata Sons Board, Tata Trusts, employees and stakeholders for their trust and support during his time. He also emphasized that the group’s progress over the last decade, by comprising the business…

New Delhi: Hailing from the private space sector, Skyroot Aerospace has signed a multi-launch contract with HEX20, a space technology firm, to move forward with India’s mission to launch its own rockets. The agreement has come at a timely moment for Skyroot as its Vikram-1 rocket successfully completed its orbital mission last month. The deal arrives just after the successful orbital launch of Skyroot’s Vikram-1 rocket last month, which puts the Hyderabad-based company on the right foot for the commercial space launch market. As per the deal, Skyroot will conduct three dedicated missions on their Vikram-series rockets for HEX20. The…

New Delhi: Gautam Adani’s business holding company has obtained a $800M loan to aid its initiatives in data centers which are seen as a crucial future enterprise for the digital infrastructure sector. The capital injection follows US criminal charges against Adani being dropped, as it helped resolve a major blockage in his plans for expansion on the global stage. The loan is believed to be a supply of new funds to Adani as the firm keeps investing heavily in data centers and AI gear. As the demand for cloud-based services, AI computing and digital services continues to rise, data centers…

New Delhi: Finance Minister Nirmala Sitharaman has assured people that they will not have to pay any charges for using the Unified Payments Interface (UPI). Her remarks followed worries that the UPI law stimulus changes could give rise to fees on the UPI transactions. Speaking in the Rajya Sabha, Sitharaman said the government has not introduced any charge on consumers for making UPI payments. She added that the recent adjustment is merely a legal structure and incorporation of a transaction fee to users is not automatic. UPI has become one of the most popular ways to make digital payments in…

New Delhi: With this, India’s space adventure has taken another significant step towards success as NASA invites the Indian Space Research Organisation (ISRO) to join its ambitious Moon Base programme. The development may prove to be a giant leap for India for future lunar explorations as well as enhance its emerging space cooperation with the United States. The invitation came up during the 9th meeting of the Indo-U.S. Civil Space Joint Working Group (JWG) at the headquarters of ISRO in Bengaluru, India, on 5th and 6th August. The two nations also engaged in exchanges on the cooperation in space science,…

New Delhi: Abhijeet Dipke, founder of Cockroach Janta Party (CJP), has announced a nationwide campaign to fill the villages with India with government schools that are in good condition. The campaign will emphasize the availability of the basic facility and quality of education for children in the rural areas. The promotion is expected to be officially launched on August 15th by Dipke. The initiative is focused on the disparity between major urban development projects, and the state of many village schools. The government should pay the same attention to education infrastructure in rural areas, Dipke said. He raised the issue…

New Delhi: India is on its way to make an important step towards the history of its currency. Government has granted permission to the Reserve Bank of India (RBI) to conduct trials on one billion ₹10 and ₹20 polymer banknotes. In the event of success from the trials, polymer notes would be a regular feature of the Indian currency system. The move assumes importance as normally, Indian currency is manufactured with the paper-based material. Polymer notes are notes made of a special plastic material which is designed to be stronger, long-lasting and include a combination of features which make the…