New Delhi, June 28 (IANS) Political tensions are surfacing in Pakistan between leaders from Sindh and the Federal government over the lack of investment in Karachi, the country’s largest commercial hub, that is being turned into an unlivable city, according to a report.Senior Sindh Minister Sharjeel Inam Memon sharply criticised Pakistan’s federal government for what he calls a “low priority” approach toward Karachi, the article in the Ceylon Wire News said, observing that his statements und…
Latest Forbes News & Updates
New Delhi, June 12 (IANS) Space Exploration Technologies Corp. (SpaceX) officially began trading on the Nasdaq on Friday after completing a record-breaking $75 billion initial public offering (IPO), marking a historic moment for global capital markets and bringing founder Elon Musk closer to becoming the world’s first trillionaire.The start of trading was marked by SpaceX executives ringing the opening bell at the Nasdaq stock exchange, while celebrations were also held at the company’s headquar…
New Delhi, June 7 (IANS) Adani Group Chairman Gautam Adani’s net worth rose to $89.2 billion, ranking him ahead of Reliance Industries’ Mukesh Ambani ($88 billion) and SoftBank’s Masayoshi Son ($87 billion), who held the title of Asia’s richest before shares of the Japanese investment firm fell on Thursday, according to Forbes’ Real-Time Billionaires list.Gautam Adani, on the other hand, registered an increase in net worth after a broader stock surge across companies under the umbrella of hi…
New Delhi, May 16 (IANS) India may be emerging as a global example of how developing economies can industrialise without first becoming deeply dependent on fossil fuels, according to a new analysis by energy think tank Ember.The report, written by energy experts Kingsmill Bond and Sumant Sinha cited by Forbes, argues that India’s rapid shift towards solar power, electrification and clean technologies could challenge the century-old model of economic development built around coal, oil and gas.F…
New York, May 6 (IANS) Vivek Ramaswamy, the billionaire entrepreneur backed by President Donald Trump has won the Republican Party primary to become its candidate for Ohio governor, defeating an opponent who tormented him with racist propaganda.Winning 87 per cent of the votes, Ramaswamy dealt a decisive defeat to Casey Putsch, and in the November general election, will face Democrat Amy Acton, who ran unopposed for her party’s nomination.Ramaswamy initially ran against Trump for the Republica…
Bengaluru, April 24 (IANS) The 97th birth anniversary of legendary Kannada cinema icon Dr Rajkumar is being observed on Friday across Karnataka with reverence and enthusiasm, with major events planned at Kanteerava Studio in Bengaluru, where he is laid to rest.Family members are scheduled to offer special prayers at Dr Rajkumar’s memorial at the studio. The state government will also pay its respects, with an official programme being organised by the Department of Information and Public Relati…
Washington, April 8 (IANS) A social media post by Pakistan’s Prime Minister Shehbaz Sharif urging US President Donald Trump to delay military action against Iran triggered a storm of controversy after users spotted what appeared to be a drafting error suggesting external authorship. The controversy centres on Sharif’s post on X, where he appealed for a two-week extension to allow diplomacy in the West Asia conflict. Shortly after it was published, users circulated screenshots of the post’s…
New Delhi, April 5 (IANS) Nepal’s first billionaire, Binod K Chaudhary, has said that Bangladesh and Nepal could strengthen economic ties in energy and cross-border trade, with closer regional cooperation involving India.”We would like to enter into a much bigger economic engagement with Bangladesh, but without India playing a positive role, that’s not going to happen,” Chaudhary said on Saturday at a press conference organised by the International Chamber of Commerce Bangladesh (ICCB) in Dhaka,…
Kathmandu, March 8 (IANS) Nepal’s only billionaire, Binod Chaudhary, a candidate from the Nepali Congress, suffered a humiliating defeat in the country’s parliamentary elections at the hands of Rastriya Swatantra Party candidate Bikram Khanal in the Nawalparasi West-1 constituency.Khanal secured 45,241 votes to win the election, defeating Chaudhary, who received 9,502 votes, according to the Election Commission of Nepal. Chaudhary joins a long list of candidates from traditional political part…
New Delhi, Feb 3 (IANS) US President Donald Trump’s posts on a social media platform called Truth Social, announcing an immediate tariff cut from 25 to 18 per cent and heralding a trade deal with India raised much furore back home on Tuesday. Truth Social, launched in February 2022 by Trump Media & Technology Group (TMTG), has become the United States President’s primary megaphone for politics and policy. Initially dismissed as a “Twitter clone”, Trump’s relentless use of the platf…