Latest news with #NandiniSingh
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Business Standard
25-06-2025
- Business
- Business Standard
Is Dubai the new capital of the rich? Here's where money moves in 2025
In 2025, the ultra-rich are moving in record numbers - at least 142,000 millionaires are expected to relocate, reshaping economies, real estate markets, and immigration trends worldwide Nandini Singh New Delhi The world's wealthiest are packing their bags and their billions. At least 142,000 millionaires are expected to migrate to new countries in 2025, according to the Henley Private Wealth Migration Report 2025, released by Henley & Partners, a global leader in residence and citizenship by investment. This number is set to grow even further, hitting 165,000 in 2026, marking a sharp surge in wealth migration worldwide. These are high-net-worth individuals (HNWIs)—people with more than $1 million in liquid assets. And where they go, money and influence follows. UAE: New global magnet for millionaires For the third year running, the United Arab Emirates (UAE) has emerged as the top destination for migrating millionaires. In 2025, the country is expected to welcome a record 9,800 HNWIs, up from 6,700 in 2024. The UAE's appeal lies in its zero income tax, world-class infrastructure, political stability, and welcoming immigration policy. Its Golden Visa program, launched in 2019 and expanded in 2022, offers long-term residency of five to 10 years, and has become a magnet for wealthy individuals. 'Recently, a lot of high-net-worth people have been moving to the UAE for the lifestyle and, obviously, the absence of personal income tax,' Nuri Katz, an expert in global investment migration, was quoted as saying by Forbes. US still attracting the affluent The US remains in second place, expecting to attract 7,500 millionaires in 2025. Much of this influx is driven by the EB-5 Immigrant Investor Program, which has 'channelled over $50 billion in foreign direct investment while creating hundreds of thousands of American jobs', the report mentioned. Following the US are Italy, Switzerland, and a rising Saudi Arabia, which is projected to draw 2,400 millionaires—an eightfold jump from the previous year. UK tops the wealth outflow list On the other end of the spectrum, the United Kingdom is set to see a massive net outflow of 16,500 HNWIs, making it the biggest loser of millionaire wealth in 2025. Once a top destination for the world's rich, the UK had consistently attracted more millionaires than it lost—until Brexit changed the game in 2016. 'These people are not actually leaving the UK,' said Katz. 'They are simply getting paperwork in different countries but aren't necessarily making the move.' In essence, for many, it's a Plan B—a second passport, a second home, a safety net. Asia and Europe also see wealth departures China comes second in terms of millionaire losses, with 7,800 HNWIs expected to move elsewhere. In Asia, India is projected to lose 3,500 millionaires, while South Korea may see 2,400 depart. Europe's traditional powerhouses are also bleeding wealth. France (-800), Spain (-500), and Germany (-400) are set to see notable millionaire exits. Even smaller countries like Ireland (-100), Norway (-150), and Sweden (-50) are witnessing slow but steady outflows.
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Business Standard
11-06-2025
- Business Standard
NEET-UG 2025: Students raise alarm over faulty papers, urge NTA action
Students and parents flag errors in NEET-UG 2025, urging the NTA to ensure fair evaluation amid rising concerns over faulty papers and content Nandini Singh New Delhi The NEET-UG 2025 examination, conducted on May 4 amid heightened security by the Ministry of Education in coordination with state authorities, is now facing backlash following reports of misprinted question papers and delays in grievance redressal. According to a report by The Times of India, students and parents have raised serious concerns over the layout of question papers in certain centres, urging the National Testing Agency (NTA) to respond swiftly and ensure fairness in the evaluation process. The results, expected to be released by June 14, hold high stakes for over two million aspirants vying for undergraduate seats in medicine, dentistry, and allied courses. Booklet errors lead to confusion In multiple examination centres, particularly in Sikar (Rajasthan) and Jamnagar (Gujarat), candidates reported receiving faulty booklets with misaligned page numbers and questions out of sequence. Students assigned Paper Code 47 in Sikar found that question 7 was immediately followed by question 15, creating confusion during the test. A similar issue affected candidates using Gujarati-medium Paper Code 48 in Gujarat. 'I lost precious time trying to match the questions on the answer sheet,' said one student. Some reported marking the wrong answers entirely due to the disordered layout. ALSO READ: Students asked to attempt faulty papers Despite attempts to alert invigilators during the examination, candidates claimed they were told to proceed with the faulty papers. Guardians later filed formal complaints with both the Gujarat government and the NTA, providing scanned copies of the defective booklets. 'Students even raised the issue during the test but were told to solve the faulty paper,' a parent noted in a written complaint, as reported by the news outlet. While the NTA declined to comment on the Sikar case, citing the matter as sub judice, the broader issue of paper quality remains unaddressed. Syllabus concerns compound student anxiety Alongside printing errors, candidates and coaching experts flagged questions they allege fall outside the prescribed NEET syllabus. One such instance is question 38 from Code 47, which reportedly required the use of calculus-based derivatives—a topic more commonly found in engineering entrance exams like JEE (Main). 'All questions were from the prescribed syllabus. The answer keys have been published and objections invited from candidates. These will be reviewed by a committee of subject experts,' an NTA official said. ALSO READ:
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Business Standard
04-06-2025
- Business
- Business Standard
RCB wins IPL, Karnataka cheers with ₹157 crore liquor sales in a day
Karnataka goes into celebration mode as RCB lifts its first-ever IPL trophy, sending liquor sales soaring to ₹157 crore in just 24 hours Nandini Singh New Delhi As Royal Challengers Bengaluru (RCB) lifted their maiden Indian Premier League (IPL) trophy after an 18-year wait, celebrations erupted across Karnataka—sending liquor sales soaring to record highs on Tuesday. On June 3, Karnataka witnessed the sale of 148,000 boxes of bottled beer, raking in a staggering ₹30.66 crore in revenue. For comparison, just 36,000 boxes were sold on the same day last year, bringing in ₹6.29 crore. The jubilation didn't stop at beer. Other alcoholic beverages saw sales of 128,000 boxes, generating ₹127.88 crore. On June 3, 2024, the same sales category had only earned ₹19.41 crore. In total, the state collected a whopping ₹157.94 crore in liquor revenue on a single day—₹132.24 crore more than last year's total for the same date. . RCB's final triumph over Punjab Kings (PBKS), winning by six runs in Ahmedabad, was not just a cricketing milestone—it became a statewide festival. Streets of Bengaluru turned into rivers of red as fans chanted 'RCB and Kohli' and 'Ee Sala Cup Namde' (This year, the cup is ours). Fireworks lit up the night sky as emotions overflowed. VIDEO | Bengaluru: Night skies light up with fireworks as fans celebrate Royal Challengers Bengaluru's victory. RCB won their maiden title with a six-run victory over Punjab Kings in the final on Tuesday, ending an 18-year wait for the coveted trophy. #IPL2025 #IPLFinal — Press Trust of India (@PTI_News) June 3, 2025 Celebrations shift from streets to stadium Initially, an open-top bus parade was scheduled to run from Vidhana Soudha to M Chinnaswamy Stadium in Bengaluru on Wednesday. However, in a last-minute decision, Bengaluru Police announced the cancellation of the roadshow due to logistical and security concerns. Instead, fans can join the felicitation ceremony at Chinnaswamy Stadium from 5 pm to 6 pm. Entry will be allowed only for those holding valid tickets.
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Business Standard
21-05-2025
- Business
- Business Standard
₹4,000 for a jhola? Nordstrom's 'designer bag' leaves desis in shock
An everyday Indian jhola, usually sold for ₹100, is now retailing at ₹4,000 in the US-triggering disbelief, memes, and business ideas from desis online Nandini Singh New Delhi What costs ₹100 at a roadside stall in India is now retailing for nearly ₹4,000 abroad—and the internet is not having it. A traditional Indian jhola, the humble cloth shoulder bag known for its simplicity and thriftiness, has gone viral after appearing on the website of luxury US department store Nordstrom for a jaw-dropping $48 (approximately ₹4,000). The viral moment began when X user @wordi25 posted a photo of the listing with the caption: 'What in the name of scam is this!! Jhola being sold at a premium department store Nordstrom for $48! I'm a homesick person but even I haven't reached these levels of nostalgia.' Social media reacts: From memes to marketing plans The post triggered a meme storm, with users expressing everything from disbelief to entrepreneurial curiosity. 'Somebody should tell Chatak Sweet they need to start charging royalty fees from Nordstrom for this brand infringement,' quipped one user. Others poked fun at the irony of globalisation: 'The icing on the cake would be if those jholas turn out to be Made in China!' Then came the business pitches: 'New business idea: Export jholas by the kilo.' 'I should import a ton of Vimal bags from India and sell for £20 a piece.' Some questioned the economics: 'Do these really get sold? Like, have people left reviews and all?' Not the first time: Indian basics, Western prices This isn't the first time everyday Indian staples have popped up overseas with hefty mark-ups. A Times of India report previously highlighted how common snacks like Maggi noodles, which retail in India for ₹15–₹20, are sold for ₹300 in some UK stores. Biscuits like Good Day and Little Hearts, priced locally at ₹10, have been seen tagged at ₹100 abroad. A 400g pack of Bhujia that sells for ₹100 in India has reportedly been listed at ₹1,000 in foreign outlets. The trend doesn't spare fresh produce either—paneer was priced at ₹700 a pack, ladyfinger at ₹650 per kg, and a box of six Alphonso mangoes at an eye-watering ₹2,400. Harsh Goenka weighs in Industrialist Harsh Goenka also chimed in on the trend with a tongue-in-cheek observation: NRIs now pay more for a packet of haldi or hing than for a bottle of wine—and get served overpriced butter chicken by chefs 'with faux Italian accents.'
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Business Standard
17-05-2025
- Business
- Business Standard
India-Pak de-escalation 'bigger success than i'll get credit for': Trump
Trump said his intervention during India-Pakistan tensions helped avert a nuclear conflict, calling it a major success he believes he'll never be credited for Nandini Singh New Delhi US President Donald Trump has once again claimed credit for de-escalating high military tensions between India and Pakistan, saying his intervention averted what could have become a nuclear conflict between the two nations. Speaking to Fox News on Friday, Trump described the situation as one of his most significant foreign policy achievements—one that, he said, would never be fully acknowledged. 'A bigger success than I'll ever be given credit for. Those are major nuclear powers. Those are not like a little bit, and they were angry,' Trump said in the interview. When asked about his involvement in diffusing tensions before a planned trip to the Middle East, Trump confirmed that he had picked up the phone and spoken with both India and Pakistan during the crisis. He went on to describe the dangerous trajectory of the conflict at the time. 'And the next phase was probably—did you see where it was getting? It was tit for tat. It was getting deeper and more… more missiles, everyone was stronger, stronger. So to a point where the next one's going to be, you know what? The N word. You know the N word is, right?' Trump said, referring to 'nuclear.' 'It's the N word. That's a very nasty word, right? In a lot of ways. The N word used in a nuclear sense—that's the worst thing that can happen. And I think they were very close. The hatred was great," he said. Trump further said that he used trade negotiations as a tool to calm tensions. 'I said, we're going to talk about trade. We're going to do a lot of trade,' he added. The US President also claimed that India was willing to significantly reduce its high tariffs on American goods, as part of a broader effort to improve bilateral relations. 'India—they're one of the highest tariff nations in the world. They make it almost impossible to do business. Do you know that they're willing to cut 100 per cent of their tariffs for the United States?' Trump claimed. However, there has been no official confirmation from India regarding such tariff concessions. When asked if a trade deal with India was on the horizon, Trump responded: "Yeah, that'll come soon. I'm in no rush. Look, everybody wants to make a deal with us. South Korea wants to make a deal. But I'm not going to make deals with everybody. I'm just going to set the limit. I'll make some deals because I can—you can't meet with that many people. I've got 150 countries that want to make deals.' India-Pakistan conflict The tensions between the two nations began after the Pahalgam terror attack on April 22, in which 26 people were killed. In retaliation, India launched 'Operation Sindoor' on May 7, targeting terror infrastructure across the border. Pakistan responded and attempted to attack on Indian military bases on May 8, 9, and 10, triggering a series of fierce counterattacks by Indian forces on Pakistani military installations. After four days of intense cross-border drone and missile exchanges, India and Pakistan reportedly reached a mutual understanding on May 10 to halt hostilities. That same day, President Trump announced that both countries had agreed to a full and immediate ceasefire, following what he described as a long night of mediation efforts led by Washington.
