Mukesh Ambani has once again secured the top spot on the Hurun India Rich List 2025, reaffirming his position as the wealthiest Indian with a net worth of Rs 9.55 lakh crore. The report, released as the 14th edition of the M3M Hurun India Rich List, also saw Bollywood megastar Shah Rukh Khan make history by entering the billionaire club for the first time with a personal fortune of Rs 12,490 crore. This milestone marks a rare crossover of fame and fortune, cem

The Union Cabinet has approved a 3% hike in Dearness Allowance (DA) for central government employees and pensioners, with the revised rate taking effect from July 1, 2025. This move, announced after the Cabinet meeting on Wednesday, is expected to benefit nearly one crore individuals, including both serving employees and retired staff. Dearness Allowance is a cost-of-living adjustment paid by the government to offset

Elon Musk’s business empire is facing a wave of senior-level departures across Tesla, X and xAI as his relentless management style, shifting strategies and personal rivalries continue to drive churn at the top. Over the past year, several of the billionaire’s closest lieutenants and senior executives have chosen to walk away, leaving behind questions about the stability of leadership inside some of the world’s most closely watched companies. Tesla, once considered the most sta

Gold has once again captured global attention by hitting a historic record high of $3,842 per ounce in international markets, with 22KT gold trading at Rs 11,410 per gram in India. This surge marks its strongest monthly rise in nearly 14 years, gaining 11.4% in September alone. The rally reflects a mix of political, economic, and investor-driven factors that have converged to push the precious metal into uncharted territory.

Sridhar Vembu, founder and former CEO of Zoho Corporation, has responded to growing speculation regarding the origins of Zoho products, the location of data hosting, and the company’s pricing strategy. Addressing the concerns on social media, he stated that there has been “a lot of false information we want to correct,” highlighting that Zoho is proudly built in India and serves customers worldwide.

The Reserve Bank of India has rolled out a new framework aimed at simplifying and expediting the process of claim settlement for deceased account holders. This step comes after years of confusion caused by different practices adopted by banks, often leaving grieving families struggling with lengthy procedures and paperwork. The new rules mandate that banks must settle claims related to accounts and lockers of deceased customers within 15 days. In addition, nom

Central Ohio has welcomed a new addition to its dining scene with the arrival of Hummus Republic, a fast casual Mediterranean chain known for its fresh falafel, signature hummus, and highly customizable menu. The restaurant officially opened its first central Ohio location in Delaware, located at 1710 Columbus Pike, after hosting a successful grand opening in August. The launch marks another step in the expansion of the California-based chain, which has been steadily growing across the United

Millions of Amazon customers are set to receive refunds after the company agreed to a $2.5 billion settlement over its Prime membership practices. The settlement includes $1.5 billion in consumer refunds and a $1 billion civil penalty, making it one of the largest of its kind. At the center of the dispute were claims that Amazon misled customers into signing up for Prime memberships and created barriers that made cancellations unnecessarily complicated. The case was tied to the Re

Starbucks has announced a sweeping restructuring plan that includes the closure of select stores across North America and the elimination of approximately 900 corporate and non-retail jobs. The move marks one of the most significant strategic shifts for the Seattle-based coffee company in recent years as it attempts to stabilize financial performance and reignite growth momentum. In a letter to employees, CEO Brian Niccol emphasized that while store openings and closings are routi

Larry Ellison, the co-founder of Oracle and the world’s second-richest man after Elon Musk, has pledged to donate 95% of his estimated $373 billion fortune. His vast wealth comes primarily from his 41% stake in Oracle and significant investments in Tesla, both of which surged in value due to the AI boom. Ellison first made this pledge in 2010 through the Giving Pledge, a global philanthropic commitment by billionaires to give away most of their fortunes.

Gold, the most closely watched safe-haven asset, slipped from its record peak this week, sparking fresh debate among investors and traders. The decline in 22-carat and 24-carat gold prices has been tied to three key factors: the strengthening US dollar, cautious Federal Reserve signals, and anticipation around upcoming economic data. Despite the retreat, gold remains under the spotlight as global uncertainty keeps demand resilient.

The clock is ticking for taxpayers who are required to file their income tax audit reports for the financial year 2024–25. The deadline has been set for September 30, 2025, and unlike in some past years, the Income Tax Department has not announced any extension. For companies, proprietorships, and firms whose accounts must be audited, filing the audit report on time is not just a compliance requirement—it is essential to avoid hefty penalties unde

The Government of India has rolled out a historic reform in the Goods and Services Tax (GST) system by eliminating the 12% and 28% slabs and restructuring the tax categories. The changes, which took effect today, bring relief to households as 99% of daily-use products will now fall under lower tax rates. However, in order to balance revenue and discourage harmful or luxury consumption, the government has introduced a new 40% GST slab for specific goods.

In a significant development within the corporate world, Jerry Greenfield, co-founder of the iconic ice cream brand Ben & Jerry’s, has announced his resignation after 47 years of involvement with the company. This decision comes amid escalating tensions between Ben & Jerry’s and its parent company, Unilever, over issues related to the brand’s social mission and autonomy. Greenfield's departure is rooted in a deepening conflict with Unilever, which acq

The government extended the Income Tax Return (ITR) filing deadline for Assessment Year 2025–26 by one day, from September 15 to September 16, 2025. However, many taxpayers still missed this revised cut-off. If you are among them, there is no need to panic, as the Income Tax Department allows belated returns to be filed until December 31, 2025. A belated return refers to an ITR filed after the due date. Accord

The Income Tax Department extended the ITR filing deadline for Assessment Year 2025–26 by one day, moving it from September 15 to September 16, 2025. The announcement came after the e-filing portal suffered major technical glitches, including login failures and frozen screens, leaving lakhs of taxpayers stranded. By the original deadline, 7.3 crore returns were filed, crossing last year’s record, but at least 1.5–2 crore taxpayers were still

Italian fashion legend Giorgio Armani, who passed away on September 4 at the age of 91, left behind not just a legacy of timeless style but also a carefully planned future for his empire. With an estimated net worth of $11.8 billion, Armani’s will, made public by the Italian press, revealed how his foundation, family, and even global luxury giants will shape the brand’s future. The Armani Foundation inhe

A Chicago business owner is speaking out about the challenges she faces as crime and violence continue to impact her livelihood. Jackie Jackson, the owner of Fatburger in Chatham, has shared her story of struggle, resilience, and determination to keep her restaurant open while giving back to the South Side neighborhood she calls home. Jackson opened the Fatburger location at 825 E. 87th Street in November of last year. Since then, she has invested in extensive safety measures to pro

For a short-lived but historic moment, Oracle co-founder Larry Ellison became the world’s richest man, overtaking Elon Musk after Oracle’s stock soared on the back of its booming AI cloud services. According to Bloomberg’s Billionaires Index, Ellison’s net worth touched $393 billion, surpassing Musk’s $385 billion. The sudden surge was tied to Oracle’s quarterly earnings, which revealed a massive jump in cloud revenue foreca

Elon Musk has once again secured the top spot as the world’s richest person, overtaking Oracle co-founder Larry Ellison after a dramatic shift in billionaire rankings. The change followed Oracle’s historic stock rally on Wednesday, driven by strong quarterly earnings and soaring investor confidence in its artificial intelligence (AI) infrastructure services. At one point, Ellison briefly surged past Musk with the largest single-day gain ever record