The M3M Hurun India Rich List 2025 highlights the sectors driving wealth creation in India, showing a continued concentration of wealth in pharmaceuticals, industrial products, chemicals, and software, while emerging sectors like jewellery and construction are producing fresh billionaires. As per the latest report, pharmaceuticals continue to lead the pack, with 137 individuals featured in … Read more
Roshni Nadar Malhotra, Chairperson of HCL Technologies, emerged as India’s richest woman, according to the M3M Hurun India Rich List 2025, released on Wednesday. Making a debut on the list, she and her family secured the third spot with a wealth of Rs 2.84 lakh crore. This marks a historic first, as a woman has … Read more
Amid intense speculation over Tata Sons‘ perceived non-compliance with the RBI‘s mandate to list, Governor Sanjay Malhotra on Wednesday said an entity can continue to do business till its registration is not cancelled. The central bank had asked a set of entities, including Tata Sons, the holding company of the salt-to-software conglomerate, to list by … Read more
Tesla CEO Elon Musk on Wednesday (October 1, 2025) became the first person in history to achieve a net worth of nearly $500 billion, propelled by a rebound in the EV company’s shares and surging valuations of the tech entrepreneur’s other startups. Mr. Musk’s net worth stood at $499.5 billion as of 3:55 p.m. E.T., … Read more
New project announcements by the Indian private sector surged to nearly a 15-year high in the first half of the ongoing financial year 2025-26, even as new government projects and those by foreign companies slumped during this period. The value of new project announcements by governments in India — both Central and State — fell … Read more
OpenAI, the company behind ChatGPT, has reached a valuation of $500 billion, following a deal in which current and former employees sold roughly $6.6 billion worth of shares, a source familiar with the matter told Reuters on Thursday (October 2, 2025). This represents a bump-up from its current valuation of $300 billion, underscoring OpenAI’s rapid … Read more
Promoters of Hyderabad-based ValueLabs, a technology services and AI solutions firm, are looking to sell the entire business at a valuation of $1 billion (about ₹8,880 crore).The Donakanti family, which owns the company, has engaged Goldman Sachs to identify potential buyers, said multiple people familiar with the matter. Several global private equity buyout funds have … Read more
The European Union has cleared the proposed joint venture between Reliance Industries Limited (RIL) and Meta Platforms to build enterprise-focused artificial intelligence solutions, ET Now reported Friday. The joint venture, announced last month at RIL’s Annual General Meet (AGM), will invest about ₹855 crore (US$100 million), with Reliance holding a 70% stake and Meta 30%. … Read more
Shantanu Jain and Sania Arora Jain, who launched Biome Life Sciences LLP in 2019 that came under the Fabindia fold a year later, said in their petition that the retailer has breached their shareholder agreement (SHA) by failing to honour a “put option” that entitled them to sell their stake under a pre-agreed formula. Biome … Read more