Business
Hurun Rich List 2025: Mukesh Ambani reclaims spot as India’s richest with Rs 9.55 lakh crore wealth; beats Gautam Adani – The Times of India
Mukesh Ambani and his family have beaten Gautam Adani to become India’s richest, according to the latest M3M Hurun India Rich List 2025. With a wealth of Rs 9.55 lakh crore, Ambani has reclaimed the top spot, while Adani family stands second with a wealth of Rs 8.15 lakh crore.Making history in the rankings, Roshni Nadar Malhotra and family have achieved the third position with Rs 2.84 lakh crore, establishing her as India’s richest woman. The report acknowledges the significant impact of newcomers on the nation’s wealth distribution.India’s affluent class has experienced substantial expansion, with the country now housing more than 350 billionaires, representing a dramatic increase since the list’s inception 13 years prior. The combined wealth of all listed individuals totals Rs 167 lakh crore, approximating half of India’s gross domestic product.Fresh entrepreneurs are leading wealth creation trends. At age 31, Perplexity’s Aravind Srinivas has become India’s youngest billionaire with Rs 21,190 crore wealth. Actor Shah Rukh Khan made his debut in the billionaire category, amassing Rs 12,490 crore.The Niraj Bajaj family achieved the highest wealth increase, growing their fortune by Rs 69,875 crore to Rs 2.33 lakh crore, according to an ET report quoting the list.With 451 billionaires, Mumbai remains India’s wealth capital, whilst New Delhi follows with 223 and Bengaluru with 116. Industries showing highest representation include pharmaceuticals with 137 entries, industrial products with 132, and chemicals & petrochemicals contributing 125 entries.Women’s participation in wealth creation shows promising growth, with 101 women appearing on the 2025 list, including 26 dollar billionaires. Self-made individuals constitute 66% of the total list, demonstrating strong entrepreneurial spirit, whilst 74% of newcomers built their wealth independently.
People with lower incomes benefitted less from the house-buying scheme than those with high incomes, the influential think tank says.
Source link
NEW DELHI: India’s crude imports from Russia surged in March, with purchases at nearly Rs 5.3 billion (about $6.2 billion) compared with Rs 1.4 billion ($1.6 billion) the previous month, amid the military conflict in West Asia and closure of the Strait of Hormuz.In its latest analysis of Russian fossil fuel exports and sanctions, Centre for Research on Energy and Clean Air (CREA) said India imported Rs 5.8 billion worth of Russian hydrocarbons in March – the second-highest after China – as both volumes and prices increased. Crude accounted for 91% of imports, followed by coal and oil products.The report added India’s total crude imports fell 4% in March, but those from Russia rose four times.
State Refiners Largest Buyers Of Russian Fuel
“The biggest shift was in state-owned refineries’ imports from Russia, which saw a massive 148% month-on-month increase. Their imports were in fact 72% higher than in March 2025, presumably due to Russian barrels being more available in the spot market,” it said. Private refineries registered more than 66% month-on-month increase.In Feb, India was the third-largest importer of Russian hydrocarbons after China and Turkiye, with purchases valued at Rs 1.8 billion and crude accounting for nearly 81% (Rs 1.4 billion) of shipments. The value and volume of imports, however, may differ. Russian Urals were earlier available to India at a discount, but prices surged due to the closure of Hormuz.Though India has been importing Russian barrels in large volumes over the past four years, shipments dipped in Jan and Feb before surging again in March after the US granted a one-month sanctions waiver to ease prices.
US president Donald Trump has said “Aberdeen should be booming” as he said the UK Government is “absolutely crazy” not to boost oil and gas extraction in the North Sea.
Mr Trump took to his Truth Social page on Tuesday to criticise UK policy in the basin, with the Labour-led Government moving towards renewable energy.
In the seemingly unprompted post, the US leader said: “Europe is desperate for Energy, and yet the United Kingdom refuses to open North Sea Oil, one of the greatest fields in the World. Tragic!!!
“Aberdeen should be booming. Norway sells its North Sea Oil to the U.K. at double the price. They are making a fortune. U.K., which is better situated on the North Sea for purposes of energy than Norway, should, DRILL, BABY, DRILL!!!
“It is absolutely crazy that they don’t… AND, NO MORE WINDMILLS!”
The US president has long voiced his dislike of wind energy, particularly offshore wind, having launched a battle with the Scottish Government to stop a development which was visible from his Aberdeenshire golf course.
His comments are the latest in a line of outbursts about the UK’s energy policy, including a Truth Social post where he urged the Government to “incentivise the drillers”.
Scotland’s First Minister John Swinney said he did not agree with Mr Trump.
He said during Channel 4’s Holyrood election debate: “I don’t agree with President Trump about drill, baby, drill.
“I think we’ve got enormous challenges about energy but Scotland is an energy-rich country which is developing formidable renewable energy resources.”
Mr Swinney said “the problem for Scotland” was “the same problem we had in the 1970s with oil”.
“We don’t see the economic benefit of the energy wealth of Scotland, and I want to make sure Scotland’s energy is in Scotland’s hands,” he said.
Scottish Labour leader Anas Sarwar criticised the US president for trying to “dictate” to Scotland but said the Rosebank and Jackdaw oil fields should be allowed to open.
Malcolm Offord, Reform UK Scotland leader, said he agreed with Mr Trump, while the Scottish Greens said new oil exploration was “not compatible” with the climate crisis.
A spokesperson for the UK Government’s Department for Energy Security and Net Zero said: “We are taking action to bear down on the cost of living, including taking £117 off average energy bills this month and supporting de-escalation in the Middle East.
“The lesson of yet another fossil fuel crisis is the UK needs to get off the fossil fuel rollercoaster and on to clean homegrown power we control.”
A Freedom of Information (FOI) request to the North Sea Transition Authority (NSTA) by the Press Association revealed that there were 351 Seaward Production Licences in force in the UK Continental Shelf as of March 4.
An NSTA letter to the Environmental Audit Committee in September 2022 set out that from 2004 onwards, the average time from licence award to production is approximately five years – including both old and new discoveries.
Liverpool’s star power can’t match PSG’s in Champions League
ASEAN+3 nations must safeguard fiscal viability, rebuild buffers: AMRO
[CinePlex360] Please moderate: “Lamar Odom shockin
-
Fashion1 week agoIndia’s exports face reset as EU links trade to carbon metrics: EY
-
Entertainment7 days agoQueen Elizabeth II emotional message for Archie, Lilibet sparks speculation
-
Tech6 days agoAs the Strait of Hormuz Reopens, Global Shipping Will Take Months to Recover
-
Entertainment1 week agoLamar Odom shocking response to Khloé Kardashian account of his overdose
-
Tech7 days agoAzure customers up in arms over ‘full’ UK South region | Computer Weekly
-
Fashion7 days agoCII submits 20-pt agenda to Indian govt to back firms hit by Iran war
-
Tech6 days agoThis AI Button Wearable From Ex-Apple Engineers Looks Like an iPod Shuffle
-
Tech1 week agoA Single Strike Won’t Shut Off the Gulf’s Desalination System