India now home to 191 billionaires; 26 joined last year: Knight Frank

News Network
March 5, 2025

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The number of Indian high-net-worth individuals (HNWIs), those having assets more than $10 million, rose 6 per cent last year to 85,698, according to Knight Frank.

Global property consultant Knight Frank on Wednesday released its 'The Wealth Report 2025', which estimated the HNWI population in India at 85,698 in 2024, as against 80,686 in the preceding year.

The number is expected to rise to 93,753 by 2028, reflecting India's expanding wealth landscape, the consultant said.

The increasing trend of HNIW population highlights the country's strong long-term economic growth, increasing investment opportunities, and evolving luxury market, positioning India as a key player in global wealth creation.

India's billionaire population has also seen a strong year-on-year growth in 2024.

"India is now home to 191 billionaires, of which 26 joined the ranks in just the last year, which was pegged at just 7 in 2019," the consultant said.

The combined wealth of Indian billionaires is estimated at $950 billion, ranking the country third globally, behind the US ($5.7 trillion) and Mainland China ($1.34 trillion).

"India's growing wealth underscores its economic resilience and long-term growth potential. The country is witnessing an unprecedented rise in high-net-worth individuals, driven by entrepreneurial dynamism, global integration, and emerging industries," Shishir Baijal, Chairman & Managing Director, Knight Frank India, said.

This expansion is not just in scale but also in the evolving investment preferences of India's elite, who are diversifying across asset classes, from real estate to global equities, he added.

"In the decade ahead, India's influence in global wealth creation will only strengthen," Baijal said.

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Agencies
April 22,2025

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Palestinian officials have raised the alarm about the dire situation of abductees held in Israeli prisons. The warning came after several abductees released from Israeli jails gave harrowing accounts of conditions in the regime’s prisons.

The Palestinian Prisoners' Society (PPS) said in a statement on Monday that the number of Palestinian abductees killed in Israeli jails since the regime’s genocide in Gaza started has surged to 65, including a child.

It added that inmates abducted in Gaza account for at least 40 of those fatalities.

The society emphasized that among the slain detainees are 74 whose bodies are still being held by the Israeli regime, 63 of whom have been held since the beginning of the genocidal war.

Meanwhile, the Commission of Detainees and Ex-Detainees Affairs warned of inhumane conditions at Israel’s Damon Prison, where female abductees are enduring extreme hardship.

The Commission reported that food is scarce and of poor quality, leading to digestive issues and severe weight loss among inmates.

The Commission warned that Palestinian abductees are held in filthy, blood-stained cells, given only a small mattress and no food.

Most of the abductees also face insults and humiliation during their incarceration by the regime.  

It added that prisoner Karam Musa, 53, from the town of Surra in the Nablus Governorate, who was detained on February 25, 2025, was kept in a blood-stained and filthy cell, with no room for prayer, no food, and only a small mattress.

According to Karam, the Israeli Prison Service provides one plate of legumes for eight prisoners. The break period has been reduced to one hour, during which the prisoners shower.

A 44-year-old prisoner named Hanin Jaber lost eight kilograms due to malnutrition during her five months of detention.

Jaber was arrested on December 3, 2024, while out on a walk with her children in the park, on charges of sheltering and feeding her son, whom the Israeli regime claims is "wanted."

Prisoner Fidaa Suhail Assaf, 49, from the town of Kafr Laqif in the Qalqilya Governorate, has been suffering from leukemia for a year before her detention.
 

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News Network
April 10,2025

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Mumbai: In a powerful symbol of friendship and collaboration, the first official visit of Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum to India has paved the way for landmark initiatives — including a not-for-profit hospital for blue-collar workers and the launch of a virtual UAE-India trade corridor.

A key highlight of the visit is the announcement of the UAE-India Friendship Hospital (UIFH), to be established in Dubai. The hospital will provide accessible, inclusive healthcare for blue-collar workers, reaffirming the shared commitment of both nations to uplift underserved communities.

The initiative is being jointly developed by Dubai Health and five leading Indian entrepreneurs, who will serve as the founding trustees. The agreement was signed in Mumbai at a special event hosted by Dubai Chambers, with Dr Amer Sharif, CEO of Dubai Health, representing the UAE side.

The founding trustees of UIFH are:

Faizal Kottikollon, Chairman of KEF Holdings

Nilesh Ved, Chairman of Apparel Group

Siddharth Balachandran, Executive Chairman of Buimerc Corporation

Tariq Chauhan, Vice Chairman of EFS Facilities

Ramesh S Ramakrishnan, Chairman of Transworld Group

All five are prominent members of the UAE India Business Council – UAE Chapter (UIBC UC).

Describing the visit as “monumental,” Siddharth Balachandran said:

“This is truly a monumental visit in terms of strategic impact for both nations. The announcement of collaborative projects in healthcare, education, and philanthropy is the icing on the cake. I’m especially proud to be part of UIFH, which will serve the blue-collar community with dignity.”

The Crown Prince’s visit came at the invitation of Indian Prime Minister Narendra Modi, and marks a significant step forward in UAE-India ties. Over the two-day visit, eight strategic Memorandums of Understanding (MoUs) were signed in the presence of Sheikh Hamdan and India’s Minister of Commerce and Industry, Piyush Goyal. These MoUs span sectors such as infrastructure, healthcare, higher education, maritime services, logistics, and private sector engagement.

A standout partnership was the agreement between DP World and RITES, a premier Indian government enterprise under the Ministry of Railways. Signed by Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, and Rahul Mithal, CMD of RITES, the MoU focuses on building resilient, tech-enabled supply chains, in line with the long-term economic visions of both countries.

The visit not only strengthened bilateral ties but also demonstrated the growing synergy between the two nations in driving humanitarian, economic, and technological progress.

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coastaldigest.com news network
April 18,2025

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Mangaluru: On a scorching summer Friday, April 18, the usually quiet locality of Adyar Kannur in Mangaluru transformed into a powerful symbol of resistance and unity. A massive public protest, led by the Karnataka State Ulema Coordination Committee, witnessed an overwhelming turnout of nearly 3,000 people voicing their dissent against the Central Government’s recent amendments to the Waqf Act. 

The protest wasn’t just an outcry—it was a declaration of solidarity, discipline, and deep-rooted concern over the perceived infringement of religious and institutional autonomy.

Organized under the leadership and guidance of the Khazis from Dakshina Kannada and Udupi, the protest drew people from all corners of the region including Udupi, Dakshina Kannada, Chikkamagaluru, and Kodagu districts. The protest venue, Sha Garden in Adyar Kannur, turned into a sea of people as participants gathered from various towns and villages despite the scorching afternoon sun.

From 2 PM onwards, people began arriving in large numbers. The influx of participants led to significant traffic congestion on the adjoining highways, compelling authorities to reroute vehicles to maintain order. Inside the city and surrounding areas, many shops remained closed, partly due to the event and partly as it coincided with the sacred Jumma prayers.

Security was handled with tight coordination—police personnel were stationed at all major junctions, crossings, and strategic points. Alongside them, volunteer marshals maintained decorum at the protest site, managing the crowd efficiently and ensuring cleanliness by removing empty water bottles and litter.

Chants of “Azaadi” (freedom) echoed through the grounds as protesters raised their voices in peaceful opposition to the Waqf Amendment Bill. Despite the emotionally charged atmosphere, the protest remained peaceful. The organizers consistently appealed to the crowd via loudspeakers to maintain harmony and avoid any provocative slogans.

Drone surveillance and videographers were deployed for complete documentation of the event, enhancing both the security and transparency of the protest. However, the sheer number of participants caused temporary network disruptions, affecting mobile communication in the area.

Adding a patriotic touch, several protestors were seen waving the Indian national flag, reinforcing that the movement was deeply rooted in constitutional values and democratic expression.

Among the dignitaries present were UK Abdul Azeez Darami Chokkabettu, Dr. M S M Zaini Kamil, Abdul Khader Darami Kukkila, Kasim Darami Kinya, Aboobakkar Siddique Montugoli, Mehboob Sakafi Kinya, and Ashraf Kinara. Their presence underlined the seriousness of the gathering and provided moral and spiritual guidance to the demonstrators.

The peaceful protest stood as a clear, disciplined, and democratic expression of the Muslim community’s concern, sending a strong message to the authorities: religious rights and institutional independence are not to be tampered with.

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