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Elon Musk confirmed that he and Shivon Zilis, the director of Neuralink, had a third child earlier this year. While the initial reports claimed that the news was hidden, Musk claimed that it was well-known among his friends and family and it was not a secret. Known for his eccentric lifestyle and business choices, Elon Musk is now a father to 12 children at least, as per the media reports. The mothers of his children are Justine Wilson, Grimes, and Shivon Zilis. Elon and Justine Wilson's first child passed away within 10 weeks of birth in 2002. Here’s a list of all the other kids and their mothers: <cmsannotation type="cmsannotation" annotationid="Details about Elon musk’s 12 children" comment="subhead" text="Details about Elon musk’s 12 children">Details about Elon musk’s 12 children</cmsannotation> Griffin and Vivian - Justine Wilson Griffin and Vivian are twins and were born in 2004 after Elon lost his first child with Justine Wilson, Nevada. Vivian, originally named Xavier, changed her name when she turned 18 and decided to use her mother's last name. She also came out as transgender. Kai, Saxon, and Damian - Justine Wilson In 2006, Justine Wilson gave birth to triplets named Kai, Saxon, and Damian, who were conceived through IVF. Elon Musk and Wilson divorced in 2008. In 2010, Musk married actor Talulah Riley. They divorced in 2012, got married again in 2013, and divorced once more in 2016. They did not have any children together. X Æ A-Xii, Exa Dark Sideræl and Techno - Grimes Elon Musk and Grimes welcomed their first son, X Æ A-Xii (pronounced as X Ash A Twelve), in May 2020. Their first daughter, Exa Dark Sideræl (pronounced as Sigh-deer-ee-el), was born via surrogate in December 2021. Originally named X Æ A-12, their son had his name legally changed to comply with California birth certificate rules, though his parents now simply call him "X." Musk and Grimes separated in September 2021 but reconciled around the time their daughter Exa Dark was born. They later confirmed the existence of a third child, a boy named Techno Mechanicus or Tau. Strider, Azure and unnamed newborn - Shivon Zilis In November 2021, Elon Musk and Shivon Zilis became parents to twins named Strider and Azure, born through IVF. Earlier this year, they welcomed their third child, whose gender and name are still undisclosed. Musk clarified that their close friends and family were aware of the new arrival, emphasising that not issuing a press release did not mean they were keeping it a secret. SEE ALSO: <a href="https://www.businessinsider.in/business/news/top-10-richest-people-in-the-world/articleshow/74415117.cms" data-type="tilCustomLink" target="_blank">Top 10 richest people in the world in 2024</a> <meta content="cms.next" name="cmsei" />

Elon Musk’s 12 kids: All about Musk’s dozen kids and their moms

London, Bharti Enterprises Founder and Chairman Sunil Bharti Mittal on Wednesday became the first Indian citizen to be conferred an honorary Knighthood by Britain's King Charles III "for services to UK and India business relations". In a list of honorary British awards unveiled by the UK Cabinet Office, Mittal receives a KBE under the Most Excellent Order of the British Empire - one of the highest honours conferred by a British monarch. The 66-year-old entrepreneur said in a statement that he was "deeply humbled" by the gracious recognition from King Charles. "The UK and India have historical relations, which are now entering a new era of increased cooperation and collaboration. I remain committed to working towards strengthening the economic and bilateral trade relationships between our two great nations," Mittal said. "I am thankful to the government of the UK, whose support and keen attention to the needs of business has been critical in making the country an attractive investment destination," he said. The KBE, conferred for a pre-eminent contribution in any field of activity, is awarded in an honorary capacity to foreign nationals. While the Knighthood conferred on UK nationals gives them the title of Sir or Dame, non-UK nationals awarded the honour add KBE (or DBE for women) after their name. Previous Indian recipients of the Honorary KBE include Ratan Tata (2009), Ravi Shankar (2001) and Jamshed Irani (1997), conferred by the late Queen Elizabeth II. The investiture ceremony will be conducted by the British High Commissioner to India at a later date, when he will formally hand over the royal insignia to Mittal. The honour recognises Bharti Enterprises' work within the India-UK space, including with the UK government in the field of satellites. Sunil Bharti Mittal led the revival of OneWeb (now Eutelsat), leading a consortium with the UK government and other strategic investors to offer satellite broadband services globally, a company statement notes. Mittal has a strong connection with the UK, as a member of the India-UK CEO Forum and has previously been awarded the Honorary Doctor of Civil Law from Newcastle University and an Honorary Doctor of Laws from the University of Leeds. He is also a member of the Vice Chancellor's Circle of Advisors at the University of Cambridge. Additionally, Sunil Bharti Mittal has served on the Governing Body of the London Business School (LBS) and as a Member of the India Advisory Group at the London School of Economics and Political Science (LSE). In 2019, Bharti's Airtel Africa was listed on the London Stock Exchange and is a constituent of the FTSE100 Index.<meta content="cms.next" name="cmsei" />

Bharti Enterprises chief Sunil Bharti Mittal knighted by King Charles III

New Delhi [India], February 27 (ANI): In a post on X on Monday, Founder and CEO of stock broker Zerodha, Nithin Kamath revealed that he had a "mild stroke" about six weeks ago and is recovering. He said that it could take three to six months for a full recovery. "Around 6 weeks ago, I had a mild stroke out of the blue," Kamath took to X to make it public. His father passing away, poor sleep, exhaustion, dehydration, and overworking out could be possible reasons behind the "mild stroke", his X post said. "I've gone from having a big droop in the face and not being able to read or write to having a slight droop but being able to read and write more. From being absent-minded to more present-minded. So, 3 to 6 months for full recovery," he added. In his X post, he wondered why a person who is fit and takes care of himself could be affected. He said his doctor told him that he must "know when you need to shift the gears down a bit." "Slightly broken, but still getting my treadmill count," his X post ended with a smile emoticon with two images attached - one on the hospital bed and the other in a gym working out. His post saw several of his friends and well-wishers reach out to him, wishing him a speedy recovery. Biocon Founder Kiran Mazumdar Shaw said "Your strength of mind and physical fitness will enable full recovery very soon. My prayers n best wishes. We are all there for you." Industrialist and former MP Naveen Jindal posted "@Nithin0dha, sending you all my best wishes and positive vibes for a speedy recovery and good health. Take the time you need to rest and take care of yourself. I'm confident that your strength and resilience will see you through this tough time." Founder BharatPe Ashneer Grover posted "Dude - take care. Most likely you are deeply affected because of passing away of your dad - it got me too after my dad's demise - I simply collapsed one day. Take a break !" 44-year-old Nithin Kamath is the co-founder of Zerodha. In 2010, Kamath co-founded Zerodha along with his brother Nikhil Kamath. Zerodha provides brokerage services for dealing in stocks, currencies and commodities. They introduced a discount brokerage model which reduces the commission charged for transactions. (ANI) <meta content="cms.next" name="cmsei" />

Zerodha founder Nithin Kamath recovering from stroke he underwent 6 weeks ago

Mumbai, Former Lok Sabha Speaker and ex-Maharashtra Chief Minister Manohar G. Joshi, a senior Shiv Sena (UBT) leader, passed away following a heart attack early on Friday morning. "Our family is deeply saddened to inform you that Manohar Joshi passed away today morning at 3 a.m. following prolonged age related health issues," his family said in a terse announcement at dawn. Joshi, 86, was rushed to the Hinduja Hospital in Mahim after suffering a heart attack late on Thursday. 'Sir', as he was popular in political circles because of his teaching background and a stern demeanour, succumbed during treatment around 3 a.m., plunging the state political fraternity into gloom. His family said that Joshi's mortal remains will be kept at their home in Matunga to enable people to pay their last respects from 11 a.m. - 2 p.m., and then taken in a procession for the funeral at Dadar Crematorium around 3 p.m. One of the closest confidantes of the late Shiv Sena founder Balasaheb Thackeray, Joshi had over six decades in politics starting as a Municipal Corporator, then Mayor, Maharashtra CM, Union Minister, then crowning glory as the Speaker of Lok Sabha. Joshi had been suffering from certain old-age related ailments for the past several months and largely kept out of public glare, but remained with the SS-UBT, till he breathed his last. Top leaders across the political spectrum have paid rich tributes to Joshi who headed the first-ever saffron government in the state comprising the undivided Shiv Sena-Bharatiya Janata Party (1995-1999), in an era when politics was more principled and less unscrupulous. Prime Minister Narendra Modi condoled the demise of the veteran leader. "Pained by the passing away of Shri Manohar Joshi Ji. He was a veteran leader who spent years in public service and held various responsibilities at the municipal, state and national level. As Maharashtra CM, he worked tirelessly for the state's progress. He also made noteworthy contributions as a Union Minister. During his tenure as the Lok Sabha Speaker, he strove to make our Parliamentary processes more vibrant and participative. Manohar Joshi Ji will also be remembered for his diligence as a legislator, having had the honour of serving in all four legislatures. Condolences to his family and supporters. Om Shanti." Maharashtra Governor Ramesh Bais, Chief Minister Eknath Shinde, Deputy CMs Devendra Fadnavis and Ajit Pawar, Union Minister Nitin Gadkari, mourned the demise of Joshi and recalled his services to the state and country. Shiv Sena (UBT) President and ex-CM Uddhav Thackeray, who is in Buldhana, cut short his political tour to rush to Mumbai to pay his respects to Joshi. Top SS-UBT leaders, including Leader of Opposition Ambadas Danve, Aditya Thackeray, Sanjay Raut, Arvind Sawant, Sushma Andhare, Kishore Tiwari, and others paid rich tributes to Joshi, and remembered his contributions at various levels in public life. State and Central Bharatiya Janata Party leaders, Maharashtra Navnirman Sena Chief Raj Thackeray, leaders of Maha Vikas Aghadi and other parties also condoled the demise of Joshi. <meta content="cms.next" name="cmsei" />

Manohar Joshi: The 'Sir' with a stern demeanour

Mumbai (Maharashtra) [India], February 23 (ANI): Veteran playback singer Suresh Wadkar has been honoured with the Gansamragini Lata Mangeshkar Award. Wadkar was felicitated with the award at an event in Mumbai on Thursday. Maharashtra Chief Minister Eknath Shinde and Deputy Chief Minister Devendra Fadnavis presented him with special mementoes. <blockquote class="twitter-tweet"> #WATCH | Veteran playback singer and National Award winner Suresh Wadkar was presented with the Gansamragini Lata Mangeshkar Award, in Mumbai yesterday. pic.twitter.com/somjbMMX7M - (@ANI) February 23, 2024 </blockquote> In 2021, he also became a recipient of Padma Shri, The fourth-highest civilian award in the Republic of India. "It feels really special to receive the award under the tenures of Modi ji and President Ram Nath Kovind ji. It's a big thing for me. I am extremely happy. I have been waiting for a long time to get this award and now I have finally received it," Wadkar earlier told ANI. Wadkar is known for his playback singing in Hindi and Marathi. He has been enthralling audiences for over 45 years now. He has also carved a niche for himself in devotional music. 'Sapne Mein Milti Hai', 'Pehli Baar Mohabbat Ki Hai' and 'Lagi Aaj Saawan Ki' are some of his popular tracks. His earliest hit numbers were 'Sona Kare jhilmil jhilmil' (film 'Paheli'), 'Seene Me Jalan' ('Gaman'), which reportedly caught late legendary singer Lata Mangeshkar's attention and she recommended him to other top music composers of the day. On coming a long way in his journey, Wadkar said, "I feel blessed on getting opportunities to work with big makers in the industry. There's no bigger achievement than people's love. Luckily, I have been able to achieve that through my work. It's every artist's dream to receive this award. I started singing at the age of 4 and till now have sung 30,000 to 40,000 songs." (ANI) <meta content="cms.next" name="cmsei" />

Veteran singer Suresh Wadkar receives Lata Mangeshkar Award

Mumbai, Feb 23 (PTI) Former Lok Sabha Speaker Manohar Joshi passed away at a Mumbai hospital on Friday, where he was admitted after suffering a cardiac arrest. Joshi (86) was admitted to Hinduja Hospital in the Intensive Care Unit (ICU) on February 21 and passed away early Friday, the private medical facility said. Joshi Sir, as he was popularly known, was the first chief minister of the undivided Shiv Sena and held the post during 1995-1999. He was admitted to the hospital in May last year after suffering a brain haemorrhage. He was also elected as a member of Parliament and was the Lok Sabha Speaker from 2002 to 2004 when the Vajpayee government was in power. Born on December 2, 1937 in coastal Konkan region of Maharashtra, Joshi obtained his Bachelor's degree in Civil Engineering from the prestigious Veermata Jijabai Technological Institute (VJTI) in Mumbai. His political career began with his involvement in the Rashtriya Swayamsevak Sangh and he later became a member of the Shiv Sena. In the 1980s, Joshi emerged as a key leader within the Shiv Sena, and was known for his organisational skills. He was the Lok Sabha Speaker from 2002 to 2004 when the Vajpayee government was in power. The former Union minister was married to Anagha Joshi, who died in 2020 at the age of 75. He is survived by a son and two daughters. Joshi began his career as a teacher and entered politics in 1967. He was associated with the Shiv Sena for more than four decades. He was a municipal councilor in Mumbai during 1968-70 and Chairman, Standing Committee of the Mumbai municipal corporation in 1970. He was the Mayor of Mumbai during 1976-1977. He was then elected to the Maharashtra Legislative Council in 1972. After serving three terms in the Legislative Council, Joshi was elected to the Maharashtra Legislative Assembly in 1990 and was the Leader of the Opposition in the assembly during 1990-91. In the 1999 general elections, Joshi won from the Mumbai North-Central Lok Sabha Constituency as a Shiv Sena candidate, and was later Union minister of Heavy Industries and Public Enterprises. Condoling Joshi's demise, Union minister Nitin Gadkari, who was a member of the Maharashtra ministry when the former was the CM, said the state had lost a "cultured face" of politics. Joshi's family said his last rites will be performed at Shivaji Park crematorium in Dadar area. <meta content="cms.next" name="cmsei" />

Former Lok Sabha speaker Manohar Joshi passes away at 86

Mumbai (Maharashtra) [India], February 21 (ANI): Legendary radio personality Ameen Saypassed away due to a heart attack late on Tuesday, his son Rajil Sayani confirmed on Wednesday. He was 91. According to Rajil Sayani, the iconic radio presenter suffered a heart attack on Tuesday night, after which he was taken to the HN Reliance Hospital in Mumbai, where he breathed his last. "The doctors at the hospital attended him but couldn't save him and he was declared dead, " Rajil said. His funeral will take place on Thursday, as the family is waiting for some relatives to reach Mumbai today, he added. Ameen Sayani, was born on December 21, 1932, in Mumbai and over the years became famed for his melodic voice and fascinating flair. Starting off as an English-language broadcaster, he soon switched to Hindi. Sayani became extremely well-known for his popular radio show 'Binaca Geetmala', which was instrumental in making listening to the radio more common in India. Sayani's Geetmala, which showcased well-known Hindi film music and captivated listeners for decades, became a national phenomenon. "Namaskar bhaiyon aur behno, main aapka dost Ameen Sayani bol raha hoon" his distinctive introduction became instantly recognised and began to be copied. He had produced, compered (or spoken for) over 54,000 radio programmes and 19,000 jingles since 1951. Hamid Sayani, Ameen's brother, introduced him to All India Radio, Bombay. Ameen Sayani began his stint with Radio Ceylon in 1952. Sayani was also a part of several movies including 'Bhoot Bungla', 'Teen Devian', 'Boxer,' and 'Qatl'. His demise has left a void that can never be filled and his voice will keep echoing till the generations come. (ANI) <meta content="cms.next" name="cmsei" />

Iconic radio personality, voice of Binaca Geetmala, Ameen Sayani passes away

New Delhi, Legal doyen and veteran advocate Fali S Nariman died here on Wednesday at the age of 95. He was suffering from multiple ailments, including cardiac issues. Born on January 10, 1929, Nariman was enrolled as an advocate at the Bombay High Court in November 1950 and was designated a senior advocate in 1961. Nariman was born in Rangoon (now Yangon) to a well-off business executive. The Nariman family fled to India in the face of the Japanese invasion in 1942 when Fali was 12. He practised law for more than 70 years, initially in the Bombay High Court and since 1972, in the Supreme Court. Nariman was appointed as the additional solicitor general of India in May 1972. He resigned from the post a day after the imposition of Emergency on June 26, 1975. In his long and illustrious legal career, Nariman argued in several landmark cases, including the Bhopal gas tragedy case, TMA Pai case, Jayalalithaa disproportionate assets case and the famous case of the National Judicial Appointments Commission, which was struck down by the Supreme Court. Nariman, who was often referred to as the "Bhishma Pitamah" of the Indian judiciary, authored books, including "Before the Memory Fades", "The State of the Nation", "India's Legal System: Can it be Saved?" and "God Save the Hon'ble Supreme Court". Nariman received the Padma Bhushan in January 1991 and in 2007, he was awarded the Padma Vibhushan. He was also nominated as a member of the Rajya Sabha in November 1999. Reacting to the news of his death, senior advocate Abhishek Singhvi took to X and wrote: "End of an era' #falinariman passes away, a living legend who will forever be in hearts and minds of those in law and public life. Above all his diverse achievements, he stuck to his principles unwaveringly and called a spade a spade, a quality shared by his brilliant son #Rohinton." Solicitor General Tushar Mehta said not only the legal fraternity, but the country has lost a towering figure of intellect and wisdom. "The country has lost an epitome of what righteousness stood for. A doyen, paragon and a legend in his own lifetime has left us, leaving the jurisprudence enriched by his immense contribution. I have always learnt something new by merely appearing even against him," the law officer said in his message. Activist-lawyer Prashant Bhushan said Nariman's death was an enormous loss to the country. In a post on X, Bhushan wrote: "Very sad news. Eminent Jurist Fali S Nariman Passes Away. He was also regarded as the Bhishma Pitamah of the lawyer community. A great lawyer and close friend of our family. His passing away at this critical juncture is an enormous loss for our country." Fali Nariman's son, Rohinton Nariman, was a Supreme Court judge.<meta content="cms.next" name="cmsei" />

Legal doyen and veteran advocate Fali S Nariman passes away at 95

New Delhi, London-based consumer electronics brand Nothing CEO and co-founder Carl Pei has suggested Tesla CEO Elon Musk to change his name to 'Elon Bhai' on X. In a post on X, Pei tagged Musk and suggested him to change his username to 'Elon Bhai' in order to build a Tesla factory in India. "@elonmusk did you really think you could build a Tesla factory in India without changing your username to Elon Bhai?," Pei wrote. Pei also changed his name to 'Carl Bhai' on X. Since being shared, the post has been viewed over 800K times and has received over 12K likes. Responding to Pie's tweet, a user commented, "Elon bro is so popular in India, if he contests elections from India his win is sure shot guaranteed". "It's time to become Elon Bhai @elonmusk," another user wrote. One more user said, "You are the Bhai, he will be the Mamu". The company also added 'Bhai' to their other accounts on X. The company changed Nothing India to 'Nothing India Bhai' and CMF by Nothing to 'CMF Bhai Nothing'. Nothing is set to launch its Phone (2a) in India next month. <meta content="cms.next" name="cmsei" />

Nothing CEO suggests Musk to change name to 'Elon Bhai'

New Delhi, One of India's most creative chefs who put nawabi Lucknow's Dum Pukht cuisine on the world map, and also became the first practising member of his fraternity to ever get a Padma Shri in 2016, Imtiaz Qureshi, passed away on Friday at the age of 93. An unlettered cook who started working from the age of nine, Qureshi, who was known for his trademark handlebar moustache, Santa Claus-like personality and the chaste Urdu in which he would narrate his stories from the kitchen, was famous for inventing dishes whose ideas he would pick up from conversations with his patrons and fellow professionals. His influences and inspirations extended from the empress of ghazals, Begum Akhtar, for whom he invented a dessert named Lab-e-Mahshoukh, or pista kulfi drizzled with a sour cherry sauce, to Roger Moncourt, the French chef who ruled the Continental kitchens of Delhi, from whom he picked up the secrets of the sauces that give French cuisine its distinctive personality. Qureshi started out training to be a pehelwan but ended up as an apprentice to his ustads, Haji Ishtiyaq and Ghulam Rasool, and started working with a Lucknow-based catering company that was serving the Indian Army during the Chinese War in 1962. It was then that Qureshi got to serve Pandit Jawaharlal Nehru, who was being hosted by the Uttar Pradesh chief minister, C.B. Gupta. To make the occasion special, and out of respect for Gupta's vegetarian sensibilities, Qureshi, who's best known for mutton and fish dishes, invented the Turush-e-Paneer, escalopes of cottage cheese stuffed with dried plum and oranges, quilted in a tomato plum sauce. As the fame of his culinary prowess spread, he moved up the professional totem pole, being hired by Lucknow's then go-to hotel, Clarks Avadh, and then being head-hunted by Ajit Haksar, the founder of ITC Hotels, for the group's new address in New Delhi -- Maurya Sheraton. And from there, he travelled the world, winning accolades wherever he went. At the Maurya, Qureshi became instantly famous. Diwan Gautam Anand, who was banquet manager when the chef was in his element, remembers how the nation's high and mighty would shower gifts on Qureshi in recognition of his food, which was then a novelty in the Butter Chicken-soaked national capital. According to Anand, Qureshi was indeed a self-taught powerhouse of culinary talent, but what made him stand apart was his 'milansar' personality, which enabled him to soak in whatever knowledge anyone had to offer. Anand remembers how Qureshi once came back excited from a dinner he had curated for the Afghan ambassador because he had discovered the brinjal dish known as 'badin jaan'. Overnight, he recreated it for Dum Pukht, the restaurant at the Maurya Sheraton, that became synonymous with the master chef and a standard-bearer for Indian fine dining. Dum Pukht's Badin Jaan consists of wheels of smoked brinjal with a spiced tomato topping and a smooth, creamy spiced yoghurt sauce. It was at Dum Pukht that the jugalbandi of the doyen of food writers, the late Jiggs Kalra, and Qureshi created sensations such as the Kakori Kabab (the melt-in-the-mouth version of the chunky mutton seekh kabab), with Kalra inventing the story of the toothless nawab in its honour, the signature Dum Biryani, and umami-packed gravy dishes such as the Koh-i-Awadh, the 'paya' reinvented with lamb shanks, and Mahi Dum Pukht, red snapper fillet cooked in an almond and brown onion sauce. He had created this dish first for the wedding of a Mumbai socialite's daughter in 1972 and he gave it a Bengali twist a couple of decades later with his Mahi Qaliya, where rohu fish cooked in mustard oil is the base ingredient, for a Kolkata-based news baron. With the passing of Imtiaz Qureshi, India has lost a chef who not only gave Indian fine dining a new lease of life and a personality of its own, but also, despite being unlettered, became its finest and most colourful spokespersons around the world. <meta content="cms.next" name="cmsei" />

Imtiaz Qureshi , the chef who put nawabi Lucknow's Dum Pukht on the map, passes away

New Delhi, Vijay Shekhar Sharma, one of the most recognised faces of India's fintech industry, has seen a fair share of controversies. Sharma launched Paytm - an acronym for 'pay through mobile' - offering mobile recharges. He launched wallet services in 2011 but the big push came with the 2016 demonetisation. He took out front-page ads in top newspapers with Prime Minister Narendra Modi's photo, calling demonetisation the "boldest decision in the financial history of independent India". With fewer currency notes in circulation, Paytm was on a roll. Sharma made a splash in 2018 by getting USD 300 million investment in Paytm from Warren Buffett's Berkshire Hathaway. *Controversies* Paytm was mired in controversies with its Chinese connection following huge investments from Alibaba Group. The Chinese internet firm became the biggest shareholder in Paytm with a 34.7 per cent stake before the company's initial public offer. Alibaba group firm Antfin sold around 5 per cent shares to lower its stake below 25 per cent to comply with regulatory requirements at the time of IPO. To shed its Chinese-owned entity image, Paytm in August 2023 announced that founder and CEO Vijay Shekhar Sharma would acquire a 10.3 stake in Antfin through his overseas entity Resilient Asset Management BV which will make him the largest stakeholder in the company with 19.42 per cent stake. In return, Resilient issued a debt instrument --optionally convertible debentures, to Antfin thereby maintaining the economic interest of Alibaba group firm. With this transaction, Antfin's direct stake in Paytm was reduced to 13.5 per cent. Antfin further sold 3.6 per cent in Paytm to bring its shareholding to less than 10 per cent and at present holds 9.89 per cent of the fintech firm. The company's market cap has eroded drastically since the time of its listing. The company's IPO opened on November 8, 2021, in the price band of Rs 2,080-2,150 per share. The Paytm IPO made history with over Rs 18,300 crore share sale 'making it the largest public issue in India's corporate history. But the company's stock made a weak debut in the market on November 18 and hit a lower circuit after recording about 20 per cent decline during trading hours. It finally closed at Rs 1,560, down by about 27 per cent, compared to its issue price of Rs 2,150. Since then, Paytm shares have not been able to cross even half the mark of the issue price. After the RBI's January 31 move, One97 Communications shares tanked around 40 per cent to close at Rs 487.05 on BSE on Friday. Billionaire businessman Warren Buffet's Berkshire Hathaway sold its stake in Paytm at a loss of 31 per cent per share in November 2023. Berkshire Hathaway had invested in Paytm for about Rs 1279 per share but sold it for Rs 877.29 apiece. At present, Cayman Island-registered SAIF III Mauritius Company Limited is the single largest direct shareholder in Paytm with a 10.83 stake followed by Sharma's Resilient Asset Management BV with a 10.29 per cent stake. SAIF Partners is led by Chinese-origin entrepreneurs with Andrew Y Yan as its managing partner. *Paytm run-ins with RBI* RBI on June 19, 2018, prohibited Paytm Payments Bank from opening any new account and wallet with effect from June 20, 2018, on account of supervisory concerns, which were lifted by RBI on December 27, 2018, with effect from December 31, 2018. The Office of Banking Ombudsman issued a show-cause notice dated March 6, 2019, for Paytm Payments Bank's failure to monitor a certain account maintained with it which had shown a sudden increase in the velocity of daily transactions involving immediate transfer to other banks. The actions were found to be in the violation of RBI's provisions on KYC. RBI rejected Paytm Payments Services Ltd's (PPSL) application to operate as a payment aggregator on November 25, 2022. The banking regulator asked the firm to re-submit applications within 120 days after it gets government approval on investment made by OCL into PPSL as per FDI guidelines. The regulator asked PPSL to continue operations with the condition that no new merchants should be onboard. After completion of 120 days, RBI again granted PPSL an extension but without removing the bar on new merchant onboarding. RBI issued a show cause notice to PPBL on July 29, 2021 for submitting false information to RBI confirming completion of the transfer of the Bharat Bill Payment Operating Unit ("BBPOU") by OCL to PPBL on August 28, 2017. The actual transfer of the BBPOU business by the Company to PPBL was completed only by March 31, 2021. RBI on October 1, 2021, imposed a penalty amounting to Rs 1 crore on PPBL for a contravention of the Payment and Settlement Systems Act, 2007. RBI imposed a penalty of Rs 5.93 crore on PPBL on October 10, 2023, after it found several non-compliances including banks failure to identify beneficial owners in respect of entities on-boarded by it for providing payout services. RBI found that PPBL did not monitor payout transactions and carry out risk profiling of entities availing payout services, breached the regulatory ceiling of end of the day balance in certain customer advance accounts availing payout services. The banking regulator found that PPBL reported a cyber security incident with delay and failed to implement device binding control measures related to 'SMS delivery receipt check'. PPBL video-based customer identification process infrastructure failed to prevent connections from IP addresses outside India.<meta content="cms.next" name="cmsei" />

Vijay Shekhar Sharma: The controversies of the architect of fintech

<ul><li>Chandra hit upon the idea to launch a TV channel after he saw big hotels showing CNN via satellite dishes during the Gulf War.</li><li>Zee was India’s first private TV channel and had pioneered many superhit TV shows, reality shows and kickstarted the careers of many media barons.</li><li>Chandra entered the infrastructure business and planned a hostile takeover of IVRCL which failed.</li><li>By the mid-2010s, his new ventures had piled up a huge debt which pushed him to sell stake in crown jewel, Zee.</li></ul>Remember Hum Paanch? Zee Antakshari? Phillips Top 10? These shows, now shared around social media by nostalgia lovers, were the first taste of Hindi TV programmes for many millennials. The generation saw the country move away from one or two channels with very limited entertainment programming; with the entry of private companies into satellite programming, forcing Indians to buy TVs that needed remotes. The man who made this revolution possible was Subhash Chandra, a bright young man from Hisar. Born into an Agrawal Bania family, Chandra entered into business early in his life, and in the 70s before TV wasn’t around in India. After his family business fell into debt, he had to abruptly leave college, go back to Haryana and work on repaying debts. He started off running a pulse polishing mill with moderate success, but his fortunes improved as he supplied grains to Food Corporation of India (FCI). By late 80s and early 90s, he was exporting rice and soybeans to Russia, and had also started a packaging company. It was all running smoothly, until one election season he saw that politicians were renting out vans with projectors and screens for their roadshows. He later learnt that Five-Star Hotels owned satellite dishes and were telecasting CNN during the Gulf War. That’s when the idea of broadcasting content with ads in between came to him, he told Outlook Business in <a href="https://www.outlookbusiness.com/specials-34/secret-diary-of-an-entrepreneur_2018/live-in-the-present-dont-recount-and-regret-the-past-4353">Secret Diary of Subhash Chandra</a>. <div type="image" title="hum paanch twitter" msid="107136147" hostid="261" caption="&amp;lt;p&amp;gt;Source: Twitter (Now X) &amp;lt;/p&amp;gt;"></div> The realm of reality TV As he went about it, he was laughed off by DD executives, who coolly told him that they employ hundreds of people and equipment worth thousands of crores. He then intended to lease a transponder in Hong Kong and broadcast from there. STAR’s Li Ka-shing was not so receptive to the idea of broadcasting business in India. After many twists and turns, he rented a transponder; and India’s got its first Hindi channel in the Star bouquet in 1992. Initially there was only three hours of programming, with reruns of old DD serials. But it soon branched<a href="https://www.livemint.com/Opinion/JV7xB6PWkkl5q2Glq8tT8K/The-zee-story-turns-20.html"> out with chat shows </a>like Chakravyuha. Many media barons like Ronnie Screwala who produced the chat show started their careers at Zee. Pritish Nandy also had a show on it called Fiscal Fitness. The hugely popular Aap Ki Adalat, which now airs on India TV, also debuted on Zee. Rajat Sharma, its popular interviewer, also expanded the group’s political vista. The Union Minister Smriti Irani was briefly a stringer for Zee News which was launched later by the group. She, however, also became the star of Star Plus’ super hit TV show Kyunki Saas Bhi Kabhi Bahu Thi in early 2000s. In addition to comedy shows, Zee diversified into drama shows like Neena Gupta starring Parampara in addition to Zee Horror Show. Its hugely popular Antakshari show was hosted by stars like Renuka Shahane, Pallavi Joshi and Annu Kapoor. <div type="image" title="annu kapoor" msid="107136187" hostid="261" caption="&amp;lt;p&amp;gt;Source: Twitter (Now X)&amp;lt;/p&amp;gt;"></div> Bags of fan mail In spite of growing success, Chandra had to convince advertisers to shift from print and outdoor ads to TV advertising. He did it by lugging along bags of fan mail sent by viewers of his shows. By the time other players saw how valuable reaching all over India with Hindi shows was, he was miles ahead. He added more channels across movies, music in addition to news, across languages to his bouquet. By the time the world entered the new millennium, he had captured a large chunk of India’s eyeballs, not to mention hearts. The deal with Richard Li, son of Li Ka-shing also included an option to buy 25% stake in the venture within a year. By the time he realised it was good business, the option had long expired. Chandra refused to sell him the stake, took his company public, and the issue was subscribed 60 times over. The goatee-sporting man had become one of India’s first media barons and a billionaire. A failed hostile takeover By 2004, his media conglomerate was running steady, but Chandra, true to himself, was already hunting for the next big bet. The sector he chose was infrastructure. Back then, India was building roads, adding power generation as well as distribution assets, and setting-up ports and airports with a renewed fervour. Many small regional players like GMR and GVK became national companies after they won large-scale airport projects. It seemed like a good business. However, by the time Chandra entered it in 2008, the sector was showing signs of fatigue, due to credit crunch and more. Players were seeing the effects of adding heavy debt onto books. One such company was Hyderabad-based IVRCL which had a good set of projects, sizeable orderbook but was crushing under debt, in 2012. It was borrowing money for working capital purposes, and projects were moving ahead slower. Chandra believed that a hostile takeover of the company would catalyse its infra business which was executing a few highway projects. He went in and acquired a tad over 12% stake in the company when IVRCL too changed track. It stopped bidding for new projects, started monetising its projects and paring down its debt. Eventually Chandra had to sell off his stock at a loss. Takeovers are a high stakes game. Though the financials were never disclosed, the assumption, based on the company’s market cap at that time, he might have spent ₹200 crore on it. On the other hand, its own infrastructure business never scaled up later on, and continued to report deep losses for the next few years. It was a strategy gone wrong, as he later admitted in his open letter. Politics to pledging In 2016, Chandra made his political debut to become a Rajya Sabha MP representing BJP in Haryana. The close contest between him and the Congress candidate R K Anand was also interesting in other ways too. Chandra was declared winner after 14 votes were made invalid as they used the wrong pens. In 2022, Chandra changed his ‘native home <a href="https://www.newslaundry.com/2022/06/08/why-subhash-chandras-rajya-sabha-dreams-are-now-congresss-nightmares">town’ to Rajasthan</a> and filed his nomination as an independent candidate backed by BJP. He however accepted defeat after he fell short of over 40 votes. On the other end, his business was branching out into many businesses, with varying successes, soaking in capital. It entered financial services, acquired Peerless Mutual Fund, investment banking, private equity and much more. It went into education with a chain of K-12 schools, gold refineries in addition to related media businesses like Fun Cinemas and Dish TV. He also had plans for a wellness company. These expansions came at a cost, and a huge debt. The group soon had 87 operating companies which had straddled debt to the tune of ₹17,000 crore, as per estimates. How was so much money raised? The promoters had to pledge their shares in listed entities like Zee Entertainment, Dish TV, Zee Media Corporation, SITI Networks, Zee Learn and Shirpur Gold refinery. Reports suggest that <a href="https://www.thequint.com/amp/story/news%2Fbusiness%2Fdoes-zee-news-need-a-commercial-bank-subhash-chandra#read-more">anywhere between 60-90% of their </a>shares in these companies were pledged with lenders in the mid-2010s. The chickens however came to roost in 2018 when the<a href="https://economictimes.indiatimes.com/markets/stocks/news/ilfs-crisis-spilling-beyond-finance-chandras-zee-feeling-the-heat/articleshow/67734787.cms?from=mdr"> NBFC IL&amp;FS bankruptcy spooke</a>d the markets, making it tough for him to rollover debt. The loss of crown jewel Soon, the promoters were forced to sell the stake that they had pledged. Zee’s promoter shareholding fell from 42% to a dismal 4% in its crown jewel, Zee Entertainment. In the meanwhile, its flagship Zee’s earnings also started dwindling, worrying analysts and investors; that led the market regulator to look into it. Between 2021 and 2023, its profits slid by 48%. In 2021, for the second time in two years, Chandra admitted to his mistakes that led to default. He announced <a href="https://economictimes.indiatimes.com/industry/media/entertainment/media/subhash-chandra-claims-91-debt-with-43-lenders-settled/articleshow/85007881.cms?from=mdr">that he had settled</a> 91% of his debts with 43 lenders. “I have no regrets for parting with a substantial ownership in the business and specially in the jewels of the crown,” he said in an open letter. Apart from the promoter crisis, the businesses were moving at a slow pace too. Satellite pay TV has become less attractive to viewers now used to streaming. Dish TV, owned by his brother, has been losing steam as well. Edtech is facing its own existential crisis. His digital ventures of Zee5 progressed but at a slow rate due to heavy competition. There are no updates on his plans for its metaverse venture, oddly named Maayaverse. On top of it, Zee’s plans to merge with Sony fell through, after two years of negotiations. Sony is also seeking a $90 million termination fee, which Zee intends to contest. That means more legal troubles, barely a year after it settled a dispute with J C Flowers, an asset reconstruction company. Chandra and his son Puneet Goenka are now part of a <a href="https://www.ndtv.com/india-news/sebi-subhash-chandra-punit-goenka-sebis-flowcharts-explain-how-zee-bosses-allegedly-faked-loan-recovery-4119857">probe by market regulator SEBI</a>, to see if money was siphoned off from the listed entities. That would be a tough spot to any businessman, let alone one who is devoid of crown jewels and without a seat in the parliament. SEE ALSO <a href="https://www.businessinsider.in/thelife/personalities/webstories/subrata-roys-journey-from-lucknows-sahara-shahar-to-londons-grosvenor-house-to-tihar-jail/slidelist/105234003.cms">Subrata Roy’s journey from Lucknow’s Sahara Shahar to London’s Grosvenor House to Tihar Jail</a> <meta content="cms.next" name="cmsei" />

From A to Zee: Subhash Chandra’s spectacular rise and fall

<ul><li>According to RBI, the Fintech self regulatory organisation (SRO-FT) would derive its strength from its membership, ensuring that it is truly representative of the fintech sector. </li><li>The SRO model enables a balance between regulation and innovation, which is especially critical in fast-evolving sectors such as fintech. </li><li>The SRO-FT is anticipated to function impartially, with credibility and responsibility under the supervision of the regulator. </li></ul>The Reserve Bank(RBI) of India has released a preliminary framework outlining general functions, governance standards, and eligibility requirements for the establishment of a self-regulatory organisation for FinTech firms (SRO-FT). The recognition of SRO-FTs would be determined by the quantity and characteristics of the applications received. According to the RBI, “The SRO-FT would derive its strength from its membership, ensuring that it is truly representative of the fintech sector. Through comprehensive membership agreements that encompass a broad spectrum of industry players, the SRO-FT should gain the legitimacy and credibility to not only frame baseline standards and rules of conduct codes, but also to effectively monitor and enforce them.” Keeping up with technological progress “The RBI's move to establish an SRO framework is a game-changer in financial regulations, especially for digital lending and AI-driven innovation. This is a strong shift towards a collaborative, adaptive ecosystem. By integrating industry insights into regulation, we're ensuring that rules are practical and keep up with technological progress, fostering innovation and growth,” says Adhil Shetty, CEO, BankBazaar, a financial marketplace. He adds that the SRO model enables a balance between regulation and innovation, which is especially critical in fast-evolving sectors such as fintech. This is not just about ensuring compliance; it's about creating a culture of integrity and ethical practices that are ingrained in the industry's DNA. The RBI's commitment to this collaborative approach is thus a significant step in developing a resilient financial ecosystem. Healthy and sustainable growth of the fintech sector “The creation of an SRO is seen as crucial in combating the influence of unscrupulous lenders, promoting ethical conduct, strengthening lending infrastructure, and formulating adaptable regulatory strategies,” says Madhusudan Ekambaram, Co-founder and CEO, KreditBee, a personal loan app. The SRO-FT is anticipated to function impartially, with credibility and responsibility under the supervision of the regulator. Its primary goal is to contribute to the healthy and sustainable growth of the fintech sector, while also charting a smooth path to phased regulatory compliance when necessary. “This collaborative and participatory approach aligns with the RBI's overarching objective of fostering a resilient and sustainable financial ecosystem, emphasising ethical behaviour and transparency,” says Ekambaram. The SRO-FT is thus expected to play a pivotal role in shaping the course of digital lending in India by ensuring the adoption of responsible practices and maintaining integrity within the industry. <meta content="cms.next" name="cmsei" />

Fintech SRO aims to enhance credibility of sector, promote ethical conduct

Guwahati (Assam) [India], November 28 (ANI): To attain a better understanding of forest ecology in the urban landscape, Aaranyak organised an event titled Nature's Wonderland - A journey of curiosity, supported by Wipro Foundation and LEA Associates South Asia Pvt. Ltd. (LASA), focusing on forest biodiversity at the RReserve Forest, Kamrup District. Ten students of Rani High School participated in the journey accompanied by their faculty, Prarthana Mudoi and Kakali Buragohain organised on Sunday. "Deforestation, the urban heat island (UHI) effect, freshwater scarcity, pollution, flash floods and climate change are the pertinent issues clouding the metropolis," Aaranyak stated in a press statement. With cities becoming the locus of economy, trade, and logistics, landscapes around the world are changing due to rapid urbanisation. Cities are swelling with population influx in search of education, employment, lifestyle, and health care at the cost of natural resources like land, air, forests, rivers, streams, wetlands, croplands, etc. Aaranyaks Biologist, Jigyas Boruah briefed the participants about the art and science of birdwatching, and the use and adjustment of binoculars to take pleasure in birdwatching. Baruah described the ecology and habitat characteristics of the birds, Scarlet Minivet (Pericrocotus speciosus), Bronzed Drongo (Dicrurus aeneus), Black-hooded Oriole (Oriolus xanthornus), White-throated Kingfisher (Halcyon smyrnensis), Black-crested Bulbul (Rubigula flaviventris), spotted by the students while trailing in the Reserve Forest. Amid the environmental challenges, Guwahati, the bowl-shaped city dotted by green-covered hills, is thriving due to the presence of forest in the city as well as in the periphery of the city. "These forests provide multiple environmental services like heat mitigation, air and noise pollution reduction, groundwater recharge as well as other nature-based solutions, and socio-economic and psychological benefits," Aaranyak further said. Aaranyaks environmentalist Tanvi Hussain gave the participants an insight into the satellite-based navigation device, GPS and the process of trilateration for determining the geo-location of a place widely used in all modern gadgets. The nature enthusiasts relieved their uphill climb tiredness meditating to the trickling music of the Kopili stream. While Aaranyaks Wasima Begum carried out a biodiversity understanding and story-telling session Leaves Museum by the fallen leaves collected by the students on the trail. A group of students arranged the collected leaves as a flower to outline the variety and variability of flora and fauna. Another group arranged the leaves to depict Lord Ganesha to outline the shrinking of wild habitats emphasizing Human-Elephant coexistence. The activity threw light on the enthusiasm and awareness of the GenZ on environmental issues and biodiversity conservation. The coordination and conduction of the journey were shouldered by Aaranyaks Pranab Goswami and Wasima Begum facilitated by Bijay Kalita and Bikash Goyari. (ANI) <meta content="cms.next" name="cmsei" />

GenZ expresses their concern over shrinking wildlife habitat

India's first woman judge of the Supreme Court Fathima Beevi breathed her last at a private hospital at Kollam on Thursday. She was 96-years-old and was in hospital for a while. Beevi, who was living at her home in Pathanamthitta after retirement, has a number of firsts to her name. Apart from being the first woman judge of the apex court she was the first Chairperson of the National Human Rights Commission and the first Muslim female Governor (Tamil Nadu). Incidentally Beevi enrolled herself as an advocate in 1950 and began her career in the lower judiciary in Kerala. Beevi was appointed as a Munsiff in the Kerala Sub-ordinate Judicial Services in May 1958. She was promoted as the Sub-ordinate Judge in 1968, as the Chief Judicial Magistrate in 1972 and as District and Sessions Judge in 1974. Beevi was further appointed the Judicial Member of the Income Tax Appellate Tribunal in January 1980 before being elevated to the High Court as a Judge on August 4, 1983. Beevi became permanent Judge of the High Court on May 14, 1984. She retired as the Judge of the High Court on April 29, 1989 but was further elevated to the Supreme Court as a Judge on October 6, 1989 where she retired on April 29, 1992. Beevi later went on to become the Governor of Tamil Nadu on January 25, 1997 and she quit in 2001 following a decision of the Union Government recommending to the President to recall her. SEE ALSO:<a href="https://www.businessinsider.in/india/news/66-year-old-loses-1-52-crore-in-courier-scam-what-it-is-and-how-to-protect-yourself/articleshow/105440830.cms" target="_blank"></a> <a href="https://www.businessinsider.in/india/news/66-year-old-loses-1-52-crore-in-courier-scam-what-it-is-and-how-to-protect-yourself/articleshow/105440830.cms" target="_blank">66-year-old loses ₹1.52 crore in courier scam – what it is and how to protect yourself</a><a href="https://www.businessinsider.in/sports/webstories/these-players-who-missed-out-on-world-cup-and-australia-t20i-series-also/slidelist/105434595.cms" target="_blank"></a> <a href="https://www.businessinsider.in/sports/webstories/these-players-who-missed-out-on-world-cup-and-australia-t20i-series-also/slidelist/105434595.cms" target="_blank">Sanju Samson to Yuzvendra Chahal, players who missed out on World Cup and Aus T20I series</a><a href="https://www.businessinsider.in/stock-market/webstories/list-of-favourite-stocks-of-indias-richest-investors/slidelist/105417702.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/webstories/list-of-favourite-stocks-of-indias-richest-investors/slidelist/105417702.cms" target="_blank">Favourite stocks of India’s richest investors: from Radhakishan Damani to Hemendra Kothari</a> <meta content="cms.next" name="cmsei" />

India's first woman judge of Supreme Court Fathima Beevi passes away at 96

Mumbai, Riding high on the back-to-back success of "Pathaan" and "Jawan", superstar Shah Rukh Khan has emerged as numero uno on IMDb's top 10 list of most popular Indian stars of 2023, which is otherwise dominated by female stars like Alia Bhatt, Deepika Padukone and Wamiqa Gabbi. The year is not over yet for Shah Rukh, who is now awaiting the release of his third and final film of 2023 with the Rajkumar Hirani-directed "Dunki" on December 21. Bhatt, who claimed the second spot on the list for the second year in a row, had a major success in "Rocky Aur Rani Kii Prem Kahaani" and made her Hollywood debut opposite Gal Gadot in Netflix movie "Heart of Stone". Padukone played the female lead in "Pathaan" and had an extended cameo in "Jawan". Shah Rukh's "Jawan" co-stars Nayanthara, who features in the fifth spot, and Vijay Sethupathi also feature in the list. Nayanthara made her Hindi cinema debut with the movie, while Sethupathi (who is on number 10) was the main antagonist. He also played a cop in the Prime Video series "Farzi". Nayanthara is followed by Tamannaah Bhatia, Kareena Kapoor Khan and Sobhita Dhulipala. All the three stars had major wins on streaming platforms -- Tamannaah in "Lust Stories 2", Kareena in "Jaane Jaan" and Sobhita in "Made in Heaven 2". Actor Akshay Kumar's much-discussed cameo in "OMG 2", "Mission Raniganj" and "Selfiee" helped him land in the ninth spot on the ranking by the website, a go-to place for information on movies, TV and celebrities. "From Shah Rukh Khan's return to the big screen with two blockbusters, to Alia Bhatt starring in international thriller 'Heart of Stone', the IMDb Most Popular Indian Stars of 2023 list reveals the Indian stars who generated the most fan excitement and engagement across the IMDb global audience this year," said Yaminie Patodia, head of IMDb India, in a statement. "Our unique year-end top 10 list is compiled based on the page views of hundreds of millions of fans globally who rely on IMDb to discover, decide what to watch, and learn more about their favorite stars," Patodia added. Bhatt, who came in second after her "Dear Zindagi" co-star Shah Rukh, thanked her fans. "I've always believed that they are the real kings and queens, and nothing is beyond them. I thank my audience for bringing me to the position that I am at. While I hope to continue entertaining them, I am filled with only love and gratitude. I also promise to keep working hard and bringing more inspiring stories and characters on screen," the actor said. Gabbi, known for her performance in web series "Jubilee", "Charlie Chopra &amp; the Mystery of Solang Valley" as well as film "Khufiya", said she was thrilled to make her debut on the IMDb Most Popular Indian Stars list. "The fact that IMDb represents the sentiment of the global audience makes this even more special for me. From Vishal Bhardwaj's spy thriller 'Khufiya' and Vikramaditya Motwane's period drama 'Jubilee', to the heartwarming web series 'Modern Love Chennai', and as well as the Punjabi film 'Kali Jotta', I've had a busy year working across genres and languages, and it makes me happy and grateful that my fans have appreciated that," she added. SEE ALSO:<a href="https://www.businessinsider.in/business/auto/webstories/royal-enfield-himalayan-450-to-launch-on-nov-24-everything-we-know-so-far/slidelist/105411032.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/webstories/royal-enfield-himalayan-450-to-launch-on-nov-24-everything-we-know-so-far/slidelist/105411032.cms" target="_blank">Royal Enfield set to launch the new Himalayan – Everything we know so far</a><a href="https://www.businessinsider.in/tech/apps/news/how-to-link-your-email-with-whatsapp/articleshow/105407877.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/apps/news/how-to-link-your-email-with-whatsapp/articleshow/105407877.cms" target="_blank">WhatsApp’s safety push – You can now login with your email id</a><a href="https://www.businessinsider.in/business/telecom/news/jio-strengthens-market-leadership-with-3-25-mn-new-subscribers-vis-decline-slows/articleshow/105289414.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/telecom/news/jio-strengthens-market-leadership-with-3-25-mn-new-subscribers-vis-decline-slows/articleshow/105289414.cms" target="_blank">Jio strengthens market leadership with 3.25 mn new subscribers, Vi’s decline slows</a><meta content="cms.next" name="cmsei" />

Shah Rukh Khan tops IMDb's list of most popular Indian stars of 2023

<ul><li>Leena Gandhi Tewari, the chairperson of USV, is a philanthropist who supports a variety of causes, including education, healthcare, and social development. </li><li>Manju D. Gupta and her family are known for their philanthropic endeavours, with a strong emphasis on education and healthcare. </li><li>Kiran Mazumdar-Shaw, the founder and chairperson of Biocon, is a dedicated philanthropist with a focus on environmental sustainability. </li></ul>Women have not only reached the pinnacle of success in their respective business ventures, they have also done their bit to give back to society. We take a look at India’s most generous women according to the Edelgive Hurun India Philanthropy List 2023. <cmsannotation type="cmsannotation" annotationid="Rohini Nilekani" comment="Subhead" text="Rohini Nilekani">Rohini Nilekani</cmsannotation> <cmsannotation type="cmsannotation" annotationid="Donation: ₹170 crore" comment="Subhead" text="Donation: ₹170 crore">Donation: ₹170 crore</cmsannotation> Rohini Nilekani is an Indian philanthropist who supports initiatives in education, water, sanitation, and civic engagement. She is the co-founder of EkStep and the Chairperson of Rohini Nilekani Philanthropies. She believes that education is the key to solving many of India's problems. She is the tenth most generous person in India, in a list that also has her husband Nandan Nilekeni at the eighth place. <cmsannotation type="cmsannotation" annotationid="Anju Aga and family" comment="Subhead" text="Anju Aga and family">Anju Aga and family</cmsannotation> <cmsannotation type="cmsannotation" annotationid="Subhead" text="Donation: ₹23 crore">Donation: ₹23 crore</cmsannotation> Anu Aga, former Chairperson of Thermax, is a prominent philanthropist and Chair of the Akanksha Foundation, an NGO providing education to underprivileged children in Mumbai and Pune. Thermax is also committed to social responsibility and sustainable energy solutions, with initiatives in education, healthcare, and environmental protection. <cmsannotation type="cmsannotation" annotationid="Leena Gandhi Tiwari Donation: ₹23 crore" comment="Subhead" text="Leena Gandhi TiwariDonation: ₹23 crore">Leena Gandhi Tiwari Donation: ₹23 crore</cmsannotation> Leena Gandhi Tewari, the chairperson of USV, is a philanthropist who supports a variety of causes, including education, healthcare, and social development. She is the founder of the Dr Sushila Gandhi Centre for Social Development, which provides education and training to underprivileged women and girls in Vakola, Maharashtra. <cmsannotation type="cmsannotation" annotationid="Manju D Gupta and familyDonation: ₹14 crore" comment="Subhead" text="Manju D Gupta and familyDonation: ₹14 crore">Manju D Gupta and family Donation: ₹14 crore</cmsannotation> Manju D Gupta and her family are known for their philanthropic endeavours. Their contributions span various sectors, with a strong emphasis on education and healthcare. They have established educational institutions, scholarships, and medical facilities, making quality education and healthcare accessible to many. The family has also championed social causes, supporting initiatives that empower marginalised communities. <cmsannotation type="cmsannotation" annotationid="Vembu Radha Donation: ₹14 crore" comment="Subhead" text="Vembu RadhaDonation: ₹14 crore">Vembu Radha Donation: ₹14 crore</cmsannotation> Vembu Radha, a prominent figure in the technology world, is best known for her role at Zoho Corporation. As a key executive, she has played a pivotal role in the company's growth and success. Beyond her professional achievements, Radha is a dedicated philanthropist, actively involved in various charitable initiatives. <cmsannotation type="cmsannotation" annotationid="Renu Munjal and family Donation: ₹ 9crore" comment="Subhead" text="Renu Munjal and familyDonation: ₹ 9crore">Renu Munjal and family Donation: ₹ 9crore</cmsannotation> Renu Munjal, along with her family, is renowned for their association with Hero MotoCorp, a global leader in the two-wheeler industry. Beyond their corporate success, the Munjal family has a strong focus on philanthropy. They have established numerous educational institutions and healthcare facilities, actively promoting social welfare and empowerment. Their commitment to philanthropy, particularly in the fields of education and healthcare, has transformed lives, underlining their dedication to creating a more equitable and prosperous society. <cmsannotation type="cmsannotation" annotationid="Kiran Mazumdar-Shaw Donation:: ₹ 9crore" comment="Subhead" text="Kiran Mazumdar-ShawDonation:: ₹ 9crore">Kiran Mazumdar-Shaw Donation:: ₹ 9crore</cmsannotation> Kiran Mazumdar-Shaw, the founder and chairperson of Biocon Limited, is a dedicated philanthropist with a focus on environmental sustainability. She chairs the Biocon Foundation, established in 2014, which supports eco-friendly initiatives such as renewable energy, water conservation, waste management, and environmental education. Mazumdar-Shaw strongly advocates for corporate responsibility in protecting the environment. <meta content="cms.next" name="cmsei" />

Meet India’s most generous women

<ul><li>Two big financial goals – medical necessities and retirement pension – are taken care of to a large extent. </li><li>Systematic investment plans (SIPs) are an ideal investment option due to regular monthly income. </li><li>Buying property can be a good long-term investment, especially given the housing benefits and loans available to defence personnel. </li></ul>All of us go to bed at night knowing that the men at our borders are there to protect us. But the lives of defence personnel are different, not only when it comes to their jobs, but also to their finances. First, they might be posted at extremely remote locations where it is very difficult to get financial advice or access to banking and investment products. Also, the demands of their career are such that it relegates financial planning low down in their to-do list. “Being a government servant, two big financial goals of medical necessities and retirement pension are taken care of to a large extent. But then there are many more requirements of life which need careful planning,” says Col. Sanjeev Govila (Retd), a SEBI Registered Investment Advisor (RIA), and CEO, Hum Fauji Initiatives, a financial planning firm. Children’s graduation and post-graduation, their marriages, purchase of a house when they’re close to retirement, good vacations post-retirement, change of car, charity, indulging in passions which may need money, etc are likely financial goals which need to be carefully planned for. We take a look at five investment options defence personnel may consider. <cmsannotation type="cmsannotation" annotationid="Fixed deposits" comment="Subhead" text="Fixed deposits">Fixed deposits</cmsannotation>: Fixed deposits are a good investment choice for defence personnel due to their safety and simplicity. They offer guaranteed returns, minimising risks associated with market fluctuations. For military personnel with unpredictable schedules, FDs provide flexibility in terms of tenures and can be easily managed from anywhere. Moreover, the guaranteed interest earnings add to financial stability, making it a good choice for long-term planning and security, which matches the disciplined and secure aspects of military life. <cmsannotation type="cmsannotation" annotationid="Equity investments" comment="Subhead" text="Equity investments">Equity investments</cmsannotation>: Defence personnel, like any other citizen, are allowed to invest in stocks / mutual funds or any other investment products. “However, they might have certain restrictions, especially officers holding sensitive positions. Such individuals might need to inform their respective cadres about their investments to avoid conflicts of interest,” says Bhuvanaa Shreeram, co-founder and head of financial planning, House of Alpha, a financial planning firm. When it comes to equity, the best suited investment option is mutual funds. “Systematic investment plans (SIPs) are ideally suited due to regular monthly income. However, thorough research, long-term outlook and regular monitoring is important,” says Govila. <cmsannotation type="cmsannotation" annotationid="Sukanya Samriddhi Yojana (SSY)" comment="Subhead" text="Sukanya Samriddhi Yojana (SSY)">Sukanya Samriddhi Yojana (SSY)</cmsannotation>: Sukanya Samriddhi Yojana is another investment option military personnel can consider if they have a girl child. It provides a secure and tax-saving avenue for their daughters' future. SSY offers an attractive interest rate, along with tax deductions under Section 80C of the Income Tax Act. For defence personnel frequently posted to remote areas, SSY can be conveniently managed online, ensuring consistent savings for their daughters' education and marriage. Its assured returns, safety, and tax benefits make it an appealing option, aligning with their commitment to secure their family's financial well-being. <cmsannotation type="cmsannotation" annotationid="Real Estate" comment="Subhead" text="Real Estate">Real Estate</cmsannotation>: “Buying property can be a good long-term investment, especially given the housing benefits and loans available to defence personnel. Although while in service they will be provided a place to stay, once they retire they will need a comfortable house to live in,” says Shreeram. “Start saving for a house early through SIPs in mutual funds and buy a house around 50 years of age when plans to finally settle down are concrete. No need for a second house,” says Govila. <cmsannotation type="cmsannotation" annotationid="Gold" comment="Subhead" text="Gold">Gold</cmsannotation>: Gold is a good investment choice for defence personnel due to its stability, liquidity, and security. It acts as a hedge against economic uncertainties, offering protection against inflation and currency fluctuations. Gold investments, such as Sovereign Gold Bonds (SGBs) and Gold Exchange-Traded Funds (ETFs), provide the convenience of electronic holdings and easy liquidity, aligning with the mobile lifestyle of military personnel. Armed forces personnel experience unique service conditions, and their financial situations can vary significantly. Nevertheless, the fundamental principles of financial planning and investment are applicable to them. With careful planning and disciplined execution, there's no reason they cannot achieve a financially secure and dignified life. <meta content="cms.next" name="cmsei" />

Five investment options for defence personnel

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