Hindujas -- only Britons in world's top 80 billionaires list

January 23, 2015

Davos, Jan 23: With an estimated wealth of nearly 14 billion dollars, India-born Hinduja brothers have now emerged as the only British names on the list of world's top 80 billionaires dominated by Americans.

Hindujas

Srichand and Gopichand Hinduja emerged as the 66th richest in the world, as part of an Oxfam study released here at the World Economic Forum (WEF).

The figures, based on the definitive rich list compiled by 'Forbes' in March 2014 and the data from investment bank Credit Suisse indicates that the London-based entrepreneurs are now the richest Britons in the world.

Their UK-headquartered Hinduja Group conglomerate has worldwide interests that range from automobiles and banking to real estate and IT.

The Hinduja brothers had emerged as the richest in Britain in the annual 'Sunday Times Rich List' last year.

The next wealthiest Briton in the Oxfam analysis comes in only at 94 in the world –- Gerald Grosvenor, the sixth Duke of Westminster and godfather to Prince William –- who is worth an estimated 12 billion dollars.

The list is topped by Microsoft founder Bill Gates with 76 billion dollars and includes the likes of Mexican businessman Carlos Slim Helu and serial investor Warren Buffet (58.2 billion dollars).

"In 2010, the richest 80 people in the world had a net wealth of 1.3 trillion dollars. By 2014, the 80 people who top the 'Forbes' rich list had a collective wealth of 1.9 trillion dollars; an increase of 600 billion dollars in just four years, or 50 per cent in nominal terms," the Oxfam report titled 'Wealth: Having It All and Wanting More' says."This unprecedented growth of wealth by the rich means the 1 per cent of the richest people in the world now own 48 per cent of all global wealth (as of second half 2014), resulting in just 52 per cent left to be shared between the other 99 per cent of us," it says.

The study says that wealthy individuals have generated and sustained their riches through interests and activities in a few important economic sectors like the financial and insurance sectors -- the most commonly cited source of wealth for billionaires on this list.

Oxfam has called on world leaders, including those gathered at the 2015 World Economic Forum Annual Meeting here, to address the factors that have led to the current inequality explosion

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December 7,2025

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Mangaluru, Dec 7: A rare bamboo shrimp has been rediscovered on mainland India more than 70 years after it was last reported, confirming for the first time the presence of Atyopsis spinipes in the country. The find was made by researchers from the Centre for Climate Change Studies at Sathyabama Institute of Science and Technology, Chennai, during surveys in Karnataka and Odisha.

The team — shrimp expert Dr S Prakash, PhD scholar K Kunjulakshmi, and Mangaluru-based researcher Maclean Antony Santos — combined field surveys, ecological assessments and DNA analysis to identify the elusive species. Their findings, published in Zootaxa, resolve decades of taxonomic confusion stemming from a 1951 report that misidentified the species as Atyopsis moluccensis without strong evidence.

The shrimp has now been confirmed at two locations: the Mulki–Pavanje estuary near Mangaluru and the Kuakhai River in Bhubaneswar. Historical specimens from the Andaman Islands, previously labelled as A. moluccensis, were also found to be misidentified and actually belong to A. spinipes.

The rediscovery began after an aquarium hobbyist in Odisha spotted a shrimp in 2022, prompting systematic surveys across Udupi, Karwar and Mangaluru. Four female specimens were collected in Mulki and one in Odisha, all genetically matching.

Researchers warn the species may exist in very small, vulnerable populations as freshwater habitats face increasing pressure from pollution, sand mining and infrastructure development. All verified specimens have been deposited with the Zoological Survey of India for future reference.

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News Network
December 15,2025

Mangaluru, Dec 15: Air India Express has announced that it will resume direct flight services between Mangaluru and Muscat from March 2026, restoring an important international air link for passengers from the coastal region.

Airport authorities said the service will operate twice a week—on Sundays and Tuesdays—from March 1. The initial flights are scheduled on March 3, 8 and 10, followed by March 15 and 17, with the same operating pattern to continue thereafter. The flight duration is approximately three hours and 25 minutes.

The Mangaluru–Muscat route was earlier operated under the 2025 summer schedule, with services beginning on July 14. At that time, Air India Express had operated four flights a week before suspending the service.

Officials said the summer schedule will come into effect from March 29, after which changes in flight timings and departure schedules from Mangaluru are expected. Passengers have been advised to check the latest schedules while planning their travel.

The resumption of direct flights to Muscat is expected to significantly benefit expatriates, business travellers and others, further strengthening Mangaluru’s air connectivity with the Gulf region.

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News Network
December 17,2025

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Melkar, Dec 17: The 17th Annual Day and Graduation Ceremony of Melkar Women’s PU and Degree College, themed “Fusion-2K25,” was celebrated with dignity and enthusiasm, marking a significant milestone in the institution’s academic journey. The programme reflected the college’s steadfast commitment to academic excellence, character building, and the holistic development of students.

The event was inaugurated by Mr. Asif Mohammed, whose presence greatly enriched the occasion. The celebration was further graced by the chief guests Mr. P. B. Ahmed Mudassir and Mr. Nissar Fakeer Mohammed, along with the distinguished guests of honour Mr. B. A. Nazeer and Mr. Ibrahim Gadiyar. In their inspiring addresses, the guests encouraged the graduating students and appreciated the dedicated efforts of the management, faculty, and students.

The annual report was presented by the Principal, Mr. Abdul Majeed S, highlighting the institution’s academic progress, notable achievements, and extracurricular accomplishments during the academic year.

The presidential address was delivered by the esteemed Chairman of Melkar Women’s PU and Degree College, Dr. Haji S. M. Rasheed, who emphasized the vital role of education in empowering women and shaping responsible citizens. He also stressed the importance of discipline, dedication, and perseverance in achieving success.

Cultural programmes and academic recognitions formed an integral part of the celebration, showcasing the talents and achievements of the students. The graduation ceremony was a proud moment for the outgoing students as they were formally conferred degrees and wished success in their future endeavours.

Ms. Mashmooma Fathima served as the Master of Ceremonies. The welcome address was delivered by Ms. Fathima Nida, and the programme concluded with a vote of thanks proposed by Ms. Ayisha Suhana.

The event successfully achieved its objectives and was highly appreciated by the guests and attendees.

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