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The excitement is high ahead of the arrival of the <keyword id="23074555" type="General" weightage="100" keywordseo="Indian-para-athletes" source="keywords">Indian para athletes</keyword> who participated at the <keyword id="20420017" type="General" weightage="20" keywordseo="Paris-Paralympics" source="keywords">Paris Paralympics</keyword>.<br /><br />Family members of the para-athletes who are about to return from Paris have prepared a grand welcome for them. Dhols are also being played to welcome the para athletes, who registered India's best ever performance at the event. <br /><br />Paralympic silver medallist <keyword id="20432096" type="General" weightage="20" keywordseo="Manish-Narwal" source="keywords">Manish Narwal</keyword>'s mother, Santosh Narwal, thanked everyone on Saturday for supporting her son during his campaign in the ongoing <keyword id="20420017" type="General" weightage="20" keywordseo="Paris-Paralympics" source="keywords">Paris Paralympics</keyword>.<br /><br />"I thank everyone for supporting (him). He won the <keyword id="19920397" type="General" weightage="20" keywordseo="silver-medal" source="keywords">silver medal</keyword> for the nation. I am feeling very happy and proud," Santosh said.<br /><br /><keyword id="20432096" type="General" weightage="20" keywordseo="Manish-Narwal" source="keywords">Manish Narwal</keyword>'s father Dilbagh Narwal said that the entire nation has supported the Indian para-shooter.<br /><br />"I am feeling very proud that my son has won the <keyword id="19920397" type="General" weightage="20" keywordseo="silver-medal" source="keywords">silver medal</keyword> for the nation...The entire nation supported him a lot," Dilbagh said.<br /><br />Manish Narwal won the silver medal after securing 234.9 points in the men's 10m air pistol SH1 pistol. He started the match on a good note but in the middle, the Indian shooter dropped to the sixth. But he didn't lose hope and ended the final in the second spot.<br /><br />Meanwhile, <keyword id="20121984" type="General" weightage="20" keywordseo="Sheetal-Devi" source="keywords">Sheetal Devi</keyword>'s coach Kuldeep hailed the para-archer and said that she has brought glory to the country at every platform. Her coach added that <keyword id="20121984" type="General" weightage="20" keywordseo="Sheetal-Devi" source="keywords">Sheetal Devi</keyword> has written history after winning India's first medal in compound <keyword id="20417950" type="General" weightage="20" keywordseo="archery" source="keywords">archery</keyword> at the <keyword id="20396851" type="General" weightage="20" keywordseo="Paralympics" source="keywords">Paralympics</keyword>.<br /><br />"Sheetal has brought glory to the country at every platform...She has scripted history by winning the first medal for India in Compound <keyword id="20417950" type="General" weightage="20" keywordseo="archery" source="keywords">Archery</keyword> at the <keyword id="20396851" type="General" weightage="20" keywordseo="Paralympics" source="keywords">Paralympics</keyword>...Harvinder Singh also made history by winning a gold medal for the nation...We all have arrived to welcome the players...," Rakesh said.<br /><br />The Indian archery pair of Rakesh Kumar and Sheetal Devi clinched the <keyword id="20257145" type="General" weightage="20" keywordseo="bronze-medal" source="keywords">bronze medal</keyword> in the Mixed Team Compound event with a win over Eleonora Sarti and Matteo Bonnacina of Italy at the ongoing Paris Paralympics.<br /><br />They defeated the Italian pair with a scoreline of 156-155 in the <keyword id="20257145" type="General" weightage="20" keywordseo="bronze-medal" source="keywords">bronze medal</keyword> match of the ongoing marquee event on Monday. With this win, they bagged a bronze medal for their country.<br /><br />Indian parashooter <keyword id="20898345" type="General" weightage="20" keywordseo="Mona-Agarwal" source="keywords">Mona Agarwal</keyword>'s mother, Kiran, also expressed her excitement and said the entire nation is proud of her.<br /><br />"I am feeling very happy that she made the entire nation proud...She worked very hard to win a medal for the nation," Kiran said.<br /><br />Shooter <keyword id="20898345" type="General" weightage="20" keywordseo="Mona-Agarwal" source="keywords">Mona Agarwal</keyword> bagged the bronze medal in the women's 10m air rifle final at the ongoing Paris Paralympics on Friday. Mona secured third place with a total of 228.7.<br /><br />India's medal tally in the ongoing Paralympics has gone up to 27, with six gold medals, nine silver medals, and 12 bronze medals. This is the most gold India has ever won at a Paralympics Games event, outdoing the total of five golds in Tokyo 2020.<br /><br />Indian para-athletes in particular have made the country proud with three golds, six silvers, and six bronze medals, giving them a total of 15 medals.<br />

Grand welcome awaits Indian para athletes after record breaking campaign in Paris

The <keyword id="19956320" type="General" weightage="20" keywordseo="United-Kingdom" source="keywords">United Kingdom</keyword> hosts a diverse group of individuals and families who have accumulated substantial wealth through various sectors, including industry, finance, retail, and technology. Below is a look at the 25 <keyword id="23033805" type="General" weightage="20" keywordseo="richest-people-in-Britain" source="keywords">richest people in Britain</keyword>, each with their own unique journey to wealth, according to The Sunday Times Rich List 2024.<br /><strong><h2><br /></h2><h2>25. Tom Morris and family</h2></strong>Net Worth: £6.673bn<br /><br />Tom Morris, the founder of Home Bargains, has quietly built a discount retail empire in the UK. Home Bargains has grown to over 500 stores, and Morris’s approach to low-cost, high-volume retailing has earned him and his family a spot among Britain’s wealthiest.<br /><strong><h2>24. Anders Holch Povlsen</h2></strong>Net Worth: £6.73bn<br />Anders Holch Povlsen, a Danish fashion retailer, owns Bestseller, a company with brands such as Vero Moda and Jack &amp; Jones. Povlsen has also become Scotland’s largest landowner.<br /><br /><strong><h2>23. <keyword id="6354819" type="General" weightage="20" keywordseo="Anil-Agarwal" source="Orion">Anil Agarwal</keyword></h2></strong><div type="image" title="Anil Agarwal" agency="BCCL" msid="113051472" hostid="261" sizebytes="1024664"></div>Net Worth: £7bn<br />Anil Agarwal is the founder and chairman of Vedanta Resources, a mining and metals company with operations in India, Africa, and Australia. Agarwal’s rise from a scrap metal trader to a mining tycoon is marked by his aggressive business strategies and expansion into global markets.<br /><br /><strong><h2>22. John Reece</h2></strong><div type="image" title="John Reece" msid="113051663" hostid="261" sizebytes="456630"></div>Net Worth: £7.224bn<br />John Reece is a significant figure in Ineos and is the chief financial officer of the company. Reece's expertise is in finance and management, owing to his Chartered Accountancy background.<br /><br /><strong><h2>21. Andy Currie</h2></strong><div type="image" title="Andy Currie" msid="113051609" hostid="261" sizebytes="455580"></div>Net Worth: £7.257bn<br /><br />Andy Currie is a director of Ineos, the chemicals company founded by Sir Jim Ratcliffe. Currie’s wealth is closely tied to the success of Ineos, where he has played a key role in its strategic direction and expansion into new markets.<br /><br /><strong><h2>20. Denise, John, and Peter Coates</h2></strong>Net Worth: £7.467bn<br /><br />The Coates family founded Bet365, one of the largest online gambling companies in the world. Denise Coates, the driving force behind the company, has built Bet365 into a dominant player in the industry, with significant revenues generated from its online platform.<br /><strong><h2>19. Lord Bamford and family</h2></strong><div type="image" title="Lord Bamford" msid="113051678" hostid="261" sizebytes="1568515"></div>Net Worth: £7.65bn<br /><br />The Bamford family owns <keyword id="107342" type="General" weightage="20" keywordseo="JCB" source="Orion">JCB</keyword>, a leading manufacturer of construction equipment known for its distinctive yellow machines. Under Lord Bamford’s leadership, JCB has grown into a global brand, exporting to over 150 countries and maintaining a strong market presence in the UK.<br /><br /><strong><h2>18. <keyword id="469673" type="General" weightage="20" keywordseo="nicky-oppenheimer" source="Orion">Nicky Oppenheimer</keyword> and family</h2></strong>Net Worth: £7.937bn<br /><br />Nicky Oppenheimer, ex-chairman and once the controlling shareholder of De Beers, sold his family’s stake in the diamond company to Anglo American for $5.1 billion. Since then, Oppenheimer has diversified his investments, focusing on conservation, private equity, and venture capital. <br /><br /><strong><h2>17. Carrie and François Perrodo and family</h2></strong>Net Worth: £9.168bn<br />The Perrodo family’s wealth comes from their privately-held energy company, Perenco, which operates oil and gas fields around the world. François Perrodo, who took over the company after his father’s death, has continued to expand its global footprint, solidifying their position among Britain’s richest.<br /><br /><strong><h2>16. Marit, Lisbet, Sigrid, and Hans Rausing</h2></strong>Net Worth: £9.188bn<br />The Rausing siblings, part of the Tetra Pak dynasty, have expanded their wealth through diverse investments and philanthropy. While their fortune originates from the packaging industry, they have also made significant contributions to charitable causes, particularly in the arts and education.<br /><br /><strong><h2>15. Barnaby and Merlin Swire and family</h2></strong>Net Worth: £9.986bn<br /><br />The Swire family has deep roots in shipping and aviation, with their conglomerate, Swire Group, operating in industries ranging from property to beverages. Barnaby and Merlin Swire oversee a global empire that includes Cathay Pacific Airways and significant property holdings in Hong Kong.<br /><br /><strong><h2>14. The Duke of Westminster and the Grosvenor family</h2></strong>Net Worth: £10.127bn<br />The Duke of Westminster, Hugh Grosvenor, inherited a vast real estate empire that includes prime properties in London's Mayfair and Belgravia. The Grosvenor family’s wealth is tied to their vast land holdings and investments, managed through the Grosvenor Group.<br /><br /><strong><h2>13. Charlene de Carvalho-Heineken and Michel de Carvalho</h2></strong>Net Worth: £11.751bn<br /><br />Charlene de Carvalho-Heineken, the controlling shareholder of Heineken, along with her husband Michel de Carvalho, manages one of the world’s largest brewing companies. Their wealth is underpinned by the global reach of Heineken, which operates in over 70 countries.<br /><br /><strong><h2>12. Michael Platt</h2></strong>Net Worth: £12bn<br />Michael Platt is a hedge fund manager and the co-founder of BlueCrest Capital Management. Once one of the world’s largest hedge funds, BlueCrest now operates as a private investment firm, with Platt’s fortune growing from his successful investment strategies and management fees.<br /><br /><strong><h2>11. Alex Gerko</h2></strong>Net Worth:  £12.055bn<br /><br />Alex Gerko, a mathematician turned financier, made his fortune through algorithmic trading. He is the founder of XTX Markets, one of the world’s largest electronic trading firms. Gerko's innovative approach to trading has positioned him as a significant figure in the finance industry, with a rapidly growing net worth.<br /><br /><strong><h2>10. Kirsten and Jorn Rausing</h2></strong>Net Worth: £12.634bn<br /><br />The Rausing family, heirs to the Tetra Pak fortune, continue to benefit from the global success of the packaging company. Kirsten and Jorn Rausing have also ventured into philanthropy and have stakes in various other businesses, maintaining their status among the wealthiest in the UK.<br /><br /><strong><h2>9. John Fredriksen and family</h2></strong>Net Worth: £12.867bn<br />Norwegian-born shipping magnate John Fredriksen has a net worth built on his dominance in oil tanker shipping. He owns the world’s largest oil tanker fleet through his company Frontline and has substantial stakes in offshore drilling, fish farming, and other maritime sectors.<br /><br /><strong><h2>8. Guy, George, Alannah, and Galen Weston Jr and family</h2></strong>Net Worth: £14.493bn<br /><br />The Weston family has long been involved in retail, owning well-known brands such as Selfridges, Primark, and Fortnum &amp; Mason. Their wealth is not only tied to these retail ventures but also to their vast land holdings and investments in the food industry.<br /><br /><strong><h2>7. <keyword id="29201" type="General" weightage="20" keywordseo="Lakshmi-Mittal" source="Orion">Lakshmi Mittal</keyword> and family</h2> </strong><div type="image" title="Lakshmi Mittal" agency="BCCL" msid="113051708" hostid="261" sizebytes="1017200"></div>Net Worth: £14.921bn<br /><br />Lakshmi Mittal, a steel tycoon, transformed a small family steel business into ArcelorMittal, the world’s largest steel producer. Despite facing challenges in the steel industry, Mittal remains one of Britain's wealthiest individuals, with his family holding extensive investments in real estate, including properties in London’s prestigious Kensington Palace Gardens.<br /><br /><strong><h2>6. Idan Ofer</h2></strong>Net Worth: £14.96bn<br />Israeli billionaire Idan Ofer made his wealth through holdings in shipping and energy. His company, Quantum Pacific Group, owns significant stakes in the shipping firm ZIM and the energy company Pacific Drilling. Ofer’s influence extends to football, with ownership stakes in the Spanish club Atlético Madrid.<br /><br /><strong><h2>5. Sir James Dyson and family</h2> </strong>Net Worth: £20.8bn<br /><br />Sir James Dyson revolutionized the home appliance market with his innovative vacuum cleaners, hand dryers, and bladeless fans. His company, Dyson Ltd, continues to expand into new areas such as electric vehicles and robotics, reflecting Dyson's relentless pursuit of innovation.<br /><br /><strong><h2>4. Sir Jim Ratcliffe</h2></strong><div type="image" title="Sir Jim Ratcliffe" msid="113051750" hostid="261" sizebytes="459440"></div>Net Worth: £23.519bn<br /><br />Sir Jim Ratcliffe, the founder and chairman of the chemical company Ineos, is one of the most prominent industrialists in Britain. Starting as a chemical engineer, Ratcliffe built Ineos into a global giant with operations in chemicals, oil and gas, and automotive, including the recent acquisition of the British brand, Grenadier.<br /><br /><strong><h2>3. David and Simon Reuben and family</h2></strong>Net Worth: £24.977bn<br /><br />The Reuben brothers, David and Simon, have amassed their wealth through real estate, particularly in London's lucrative property market. Originally making their fortunes in metals and commodities, the Reubens have since transitioned into property, owning prime real estate across London, including iconic locations like Millbank Tower and the Burlington Arcade.<br /><br /><strong><h2>2. Sir Leonard Blavatnik</h2></strong>Net Worth: £29.246bn<br /><br />Sir Leonard Blavatnik, a Ukraine-born American-British billionaire, built his fortune through diversified investments in industries such as oil, gas, and media. A major shareholder in Warner Music Group, Blavatnik's wealth also stems from his private equity firm, Access Industries, which has stakes in a wide array of sectors including chemicals, technology, and real estate.<br /><br /><strong><h2>1. <keyword id="675132" type="General" weightage="20" keywordseo="Gopi-Hinduja" source="Orion">Gopi Hinduja</keyword> &amp; family</h2></strong><div type="image" title="PP Hinduja and Ashok P. Hinduja" agency="BCCL" msid="113051799" hostid="261" sizebytes="944901"></div>Net Worth:£37.196bn<br /><br />Leading the wealth rankings, the Hinduja family, under Gopi Hinduja's leadership, has a vast empire spanning banking, energy, automotive, and more. The Hinduja Group’s origins trace back to India, and today, the family's business interests are spread across 38 countries, with significant assets in the UK.<br /><br /><br /><br />

These are the top 25 richest people in Britain

Youngest billionaires of India in 2024

Founder <keyword id="20198157" type="General" weightage="20" keywordseo="Ritesh-Agarwal" source="keywords">Ritesh Agarwal</keyword> has invested Rs 830 crore through his Singapore-based entity Patient Capital in <keyword id="19901637" type="General" weightage="20" keywordseo="OYO" source="keywords">OYO</keyword>'s latest <keyword id="20080855" type="General" weightage="20" keywordseo="funding-round" source="keywords">funding round</keyword> -- wherein the <keyword id="21745043" type="General" weightage="20" keywordseo="travel-tech-platform" source="keywords">travel tech platform</keyword> raised Rs 1,457 crore, sources said.<br /><br />Post the equity dilution in the <keyword id="22756111" type="General" weightage="20" keywordseo="Series-G-funding" source="keywords">Series G funding</keyword>, Agarwal's holdings will increase from 29.97 per cent earlier, to 32.57 per cent post the investment, sources told PTI. <br /><br /> According to sources close to the transaction, "Ritesh has invested to protect his ownership dilution in OYO as well as a signal of confidence in the company's prospects. The investment is backed by Singapore-based family offices." <br /><br /> <keyword id="20517346" type="General" weightage="20" keywordseo="Oravel-Stays-Ltd" source="keywords" meta.keywordsubtype="org" meta.entityname="Oravel Stays Ltd" meta.hostid="261" meta.entityid="Oravel Stays Ltd">Oravel Stays Ltd</keyword>, the parent company of OYO, has raised Rs 1,457 crore from a consortium of investors in the latest funding round. <br /><br /> The additional equity issuance was approved by 99.99 per cent shareholders in an Extraordinary General Meeting (EGM) held on August 8. <br /><br /> The additional fundraise values the company at USD 2.4 billion, as the first Series G tranche issued to InCred in July. <br /><br /> The investment is being made through Compulsory Convertible Cumulative Preference Shares, each priced at Rs 29, consistent with the valuation of the recent raise in Series G. <br /><br /> The capital will be used to support OYO's growth and its global expansion plans, sources said.

Founder Ritesh Agarwal invests Rs 830 crore in OYO's latest funding round; Platform raises Rs 1,457 crore

<ul><li>A former <keyword id="19915884" type="General" weightage="20" keywordseo="Facebook" source="keywords" meta.keywordsubtype="org" meta.entityname="Facebook" meta.hostid="261" meta.entityid="Facebook">Facebook</keyword> employee took a trip down the memory lane. </li><li>He shared how <keyword id="19952202" type="General" weightage="100" keywordseo="Mark-Zuckerberg" source="keywords">Mark Zuckerberg</keyword> motivated him.</li><li>He built Facebook's Search Engine all alone.</li></ul><br />Whether you are working at a large company or a small one, having a leader who motivates you can make a lot of difference. Good leaders not only push you to be a better version of yourself, but also guide you through the process. They often make you achieve things that you never thought you could and that helps you grow in your career. And this is what exactly happened with one of Facebook's early-day engineers. <br /><br /> The man, named <keyword id="21476157" type="General" weightage="20" keywordseo="Aditya-Agarwal" source="keywords">Aditya Agarwal</keyword>, revealed during the episode of Mark <keyword id="19949251" type="General" weightage="20" keywordseo="zuckerberg" source="keywords">Zuckerberg</keyword> on Llama, AI, &amp; Minus One that the Meta CEO motivated him to build Facebook's search engine all by himself.<br /><br /><h2>How Mark Zuckerberg motivated a young engineer</h2> Back in 2005, Facebook was still in its infancy, and every new feature had the potential to make or break the platform. During a conversation, Zuckerberg handed Agarwal a daunting project: to build Facebook’s search engine. What made this assignment particularly challenging was that Zuckerberg insisted Agarwal tackle it alone, without any team or external support.<br /><br /> Initially, Agarwal doubted his ability to deliver. The idea of building a search engine from scratch was overwhelming, especially when the likes of Google and Yahoo were the leaders in the field. Agarwal even suggested bringing in an expert from one of these companies. But Zuckerberg had a different perspective. His response was simple yet powerful: “Dude, if I can build Facebook, you can build a damn search engine.”<br /><br /><h2>Facebook's First Director of Product Engineering</h2> This brief exchange became a pivotal moment in Agarwal’s career. Encouraged by Zuckerberg’s confidence in him, he took on the challenge and successfully developed the search engine that would become a crucial tool for Facebook users. This experience not only proved Agarwal’s technical prowess but also marked the beginning of his rise within the company, eventually becoming Facebook’s first Director of Product Engineering, he revealed. <br /><br /> Today, Aditya Agarwal has moved on from Facebook and has become a partner at <keyword id="21082255" type="General" weightage="20" keywordseo="South-Park-Commons" source="keywords" meta.keywordsubtype="org" meta.entityname="South Park Commons" meta.hostid="261" meta.entityid="South Park Commons">South Park Commons</keyword>, a collective known for nurturing talent and innovation. His journey from a young engineer at a fledgling social network to a leader in the tech world underscores how a single challenge, when met with determination and the right encouragement, can define an entire career.<br /><br /><i class="vertical-icon"></i>SEE ALSO: <br /><a href="https://www.businessinsider.in/tech/news/mark-zuckerberg-really-wants-you-to-know-hes-a-chain-guy-now/amp_articleshow/112141625.cms" data-type="tilCustomLink" target="_blank"></a><a href="https://www.businessinsider.in/tech/news/mark-zuckerberg-really-wants-you-to-know-hes-a-chain-guy-now/amp_articleshow/112141625.cms" data-type="tilCustomLink" target="_blank">Mark Zuckerberg really wants you to know he's a chain guy now</a><br /><i class="vertical-icon"></i><a href="https://www.businessinsider.in/tech/news/mark-zuckerberg-is-in-his-fashion-designer-era/amp_articleshow/112264998.cms" data-type="tilCustomLink" target="_blank">Mark Zuckerberg is in his fashion designer era</a><br /><br /><br />

A single engineer built Facebook’s search engine, he credits Mark Zuckerberg for motivating him

Travel tech platform <keyword id="19901637" type="General" weightage="20" keywordseo="OYO" source="keywords">OYO</keyword> reported <keyword id="19910979" type="General" weightage="20" keywordseo="financial-year" source="keywords">financial year</keyword> 2023-24 as the maiden profitable fiscal with a net earning of nearly Rs 100 crore, founder <keyword id="20198157" type="General" weightage="20" keywordseo="Ritesh-Agarwal" source="keywords">Ritesh Agarwal</keyword> said on Thursday. In a post on social media platform X, Agarwal said he sees growth ahead "not just in India" but also in OYO's other key markets of Nordics, South East Asia, the US and UK. <br /><br /> "While a delighted customer or a hotel partner brings the biggest smile on my face, our first cut financials of FY24 have me humbled as well," Agarwal shared. <br /><br /> "We had our maiden net profitable financial year at nearly Rs 100 crore. This was our eighth consecutive quarter of a positive EBITDA and we also have a cash balance of around Rs 1,000 crore," he added. <br /><br /> He further highlighted that global credit rating firm Fitch has also taken note of OYO's improved performance and strong cash flows, upgrading its credit rating. <br /><br /> "I see growth ahead not just in India with emerging travel trends such as premiumization, spiritual travel, business travel and conferences, destination weddings but also in our other key markets of Nordics, South East Asia, US and UK. FY25 will clearly be even more exciting," the OYO founder stated. <br /><br /> He added that these are provisional numbers, but the audited financials will likely be close to these. <br /><br /> Earlier this week, Fitch Ratings announced it has upgraded the rating of OYO parent firm Oravel Stays, citing the hospitality company's improved financial profile. <br /><br /> Fitch upgraded Oravel Stay's long-term foreign and local currency issuer default ratings to 'B' from 'B-' with a 'Stable' outlook, according to a statement. <br /><br /> It also upgraded the rating on the company's USD 660-million senior secured term loan facility due 2026 to 'B' from 'B-'. <br /><br /> In FY24, OYO added about 5,000 hotels and 6,000 homes globally. <br /><br /> It also reported a PAT (Profit after Tax) of Rs 99.6 crore (USD 12 million) and an adjusted EBITDA of Rs 888 crore (USD 107 million) for the whole fiscal year, up from Rs 274 crore (USD 33 million) in FY23. <br /><br /> EBITDA -- Earnings Before Interest, Taxes, Depreciation, and Amortization -- is an alternate way of calculating profitability to net income.<br /><br /><b>SEE ALSO:<a href="https://www.businessinsider.in/india/news/lok-sabha-exit-poll-2024-what-are-they-when-will-they-be-announced-and-all-you-need-to-know/articleshow/110565608.cms" target="_blank"></a></b><br /><br /> <b><a href="https://www.businessinsider.in/india/news/lok-sabha-exit-poll-2024-what-are-they-when-will-they-be-announced-and-all-you-need-to-know/articleshow/110565608.cms" target="_blank">Lok Sabha Exit Poll 2024 – what are they, when will they be announced and all you need to know</a><a href="https://www.businessinsider.in/tech/apps/news/truecaller-can-now-detect-if-the-caller-is-using-ai-how-to-use-it-to-prevent-ai-call-scams/articleshow/110556100.cms" target="_blank"></a></b><br /><br /> <b><a href="https://www.businessinsider.in/tech/apps/news/truecaller-can-now-detect-if-the-caller-is-using-ai-how-to-use-it-to-prevent-ai-call-scams/articleshow/110556100.cms" target="_blank">Truecaller can now detect if the caller is using AI – How to use it to prevent AI call scams</a><a href="https://www.businessinsider.in/sports/webstories/indias-t20-world-cup-team-matches-and-everything-you-need-to-know/slidelist/110551798.cms" target="_blank"></a></b><br /><br /> <b><a href="https://www.businessinsider.in/sports/webstories/indias-t20-world-cup-team-matches-and-everything-you-need-to-know/slidelist/110551798.cms" target="_blank">India’s T20 World Cup team, matches and everything you need to know</a></b><br />

At ₹100 crore, OYO posts FY24 as maiden profitable fiscal: Founder

India has signed mutual recognition agreements (MRAs) with <keyword id="551085" type="General" weightage="20" keywordseo="customs-authorities" source="Orion">customs authorities</keyword> of seven nations and is actively pursuing negotiations for such pacts with other countries, a top official said.<br /><br />The Central Board of Indirect Taxes and Customs and the Federal Customs Service, Russia, this month signed the Authorised Economic Operator (AEO) MRA to provide reciprocal benefits to accredited and trusted exporters of both signatories in the clearance of goods by the customs authorities of the importing country. <br /><br />"The CBIC and the Federal Customs Service, Russia signed the <keyword id="21760232" type="General" weightage="20" keywordseo="Authorized-Economic-Operator" source="keywords">Authorized Economic Operator</keyword> (AEO) Mutual Recognition Agreement, which is a major <keyword id="20467509" type="General" weightage="20" keywordseo="trade-facilitation" source="keywords">trade facilitation</keyword> boost for Indian importers and exporters. While this is the 7th MRA that has been signed by <keyword id="20001024" type="General" weightage="20" keywordseo="indian-customs" source="keywords">Indian Customs</keyword>, negotiations are being actively pursued with many other Customs' administrations," CBIC Chairman <keyword id="159142" type="General" weightage="20" keywordseo="Sanjay-Kumar-Agarwal" source="Orion">Sanjay Kumar Agarwal</keyword> said in a communication to field formation. <br /><br />The AEO programme enables Customs administration to identify safe and compliant exporters and importers and to provide them with better facilitation. AEO MRA is already in place for seven countries, including Korea, UAE, Hong Kong and Taiwan.

India signs customs mutual recognition agreements with seven nations; Actively pursuing more, says CBIC chief

The <keyword id="20161017" type="General" weightage="20" keywordseo="Vedanta-Group" source="keywords" meta.keywordsubtype="org" meta.entityname="Vedanta Group" meta.hostid="153" meta.entityid="Vedanta Group">Vedanta Group</keyword> is aiming to invest USD 20 billion across all its businesses in India over the next four years, its Chairman <keyword id="19919725" type="General" weightage="20" keywordseo="Anil-Agarwal" source="keywords">Anil Agarwal</keyword> said on Wednesday. The group will sell the steel business only at the right price, and is committed to continue running it if it does not get the right price, Agarwal told PTI on the sidelines of a company event. <br /><br /> "At the moment, we have a plan to invest USD 20 billion across sectors in four years time," Agarwal said. <br /><br /> The investments will be focused on technology, electronics, and glass businesses apart from the other activities that the group is engaged in, he said. <br /><br /> Semi-conductors and glass -- used in making smartphones and laptops screens -- are very essential from a future perspective, he said, adding that the group is present in both the businesses already. <br /><br /> It has land in Gujarat for a <keyword id="19920003" type="General" weightage="20" keywordseo="semiconductor" source="keywords">semiconductor</keyword> plant and is scouting for a credible and strong partner, he said. <br /><br /> On the glass front, it is already into manufacturing in other countries but not in India, Agarwal said, hinting that the plan would involve undertaking some capacity building locally. <br /><br /> Meanwhile, when asked about the steel business sale, which was supposed to be sold by March, Agarwal said a transaction depends on getting the right price. <br /><br /> "We are committed... if we get the right price to divest it," he said, adding that if the group doesn't get the right price, it will choose to continue running the business by itself. <br /><br /> He said the steel business is profitable and has really committed people who can ensure that it continues going ahead. <br /><br /> Amid concerns around the debt position of the company, Agarwal said the overall debt of the company stands at only USD 12 billion at present and seemed to suggest that the same is manageable. <br /><br /> He said the group has never defaulted on any of its debt repayment commitments, and that each of the businesses will require heavy investments if it were to be started from scratch. <br /><br /> The London-based billionaire said he "is in very critical areas" and added that every developed economy has made it big by focusing on minerals under the ground. <br /><br /> He rued that there are concerns on the environmental impact of mining in India. <br /><br /> Foreign investors are very keen to take bets on India, he said, hoping for "simplification and encouragement for entrepreneurs after the elections". <br /><br /> The billionaire from Bihar said he wants to play the role of a catalyst in helping his home state grow, but "there is a need for strong support from the policy front for it". <br /><br /> <keyword id="19919721" type="General" weightage="20" keywordseo="Vedanta" source="keywords">Vedanta</keyword> wants to take the total number of Nand Ghars -- under which it takes care of children's nutritional requirements in villages -- to 25,000 over the next two years from the present 6,000, Agarwal, who was speaking on the sidelines of an event to announce scaling up of the group's philanthropic activities, said. <br /><br /> The ultimate plan is to increase the number of beneficiaries to over 7 crore children and 2 crore women, he said. <br /><br /> Agarwal said the group may also look at investing in the entertainment business going forward but did not offer any timeline or investment details. <br /><br /> All successful corporates in the world have interests in education, healthcare, sports and entertainment, he said, conceding that he "does not understand entertainment a lot". <br /><br /> More than profits, entertainment has to be looked at a means to instil the right cultural values, he added.<br /><br /><b>SEE ALSO:<a href="https://www.businessinsider.in/sports/webstories/india-t20-world-cup-squad-kulcha-back-on-menu-kl-rahul-dropped/slidelist/109730805.cms" target="_blank"></a></b><br /><br /> <b><a href="https://www.businessinsider.in/sports/webstories/india-t20-world-cup-squad-kulcha-back-on-menu-kl-rahul-dropped/slidelist/109730805.cms" target="_blank">India T20 World Cup squad: KulCha back on menu, KL Rahul dropped</a></b><b><a href="https://www.businessinsider.in/business/auto/news/april-auto-sales-hyundai-continues-to-hold-the-second-position-as-tata-motors-inches-closer/articleshow/109777834.cms" target="_blank"></a></b><br /><br /> <b><a href="https://www.businessinsider.in/business/auto/news/april-auto-sales-hyundai-continues-to-hold-the-second-position-as-tata-motors-inches-closer/articleshow/109777834.cms" target="_blank">April auto sales – Hyundai continues to hold the second position as Tata Motors inches closer</a><a href="https://www.businessinsider.in/business/auto/news/upcoming-cars-and-two-wheelers-launching-in-india-in-may-2024/slidelist/109723620.cms" target="_blank"></a></b><br /><br /> <b><a href="https://www.businessinsider.in/business/auto/news/upcoming-cars-and-two-wheelers-launching-in-india-in-may-2024/slidelist/109723620.cms" target="_blank">Upcoming cars and two-wheelers launching in India in May 2024</a></b><br />

Vedanta plans to invest $20 bn in India in 4 years; will sell steel biz only at right price: Agarwal

<ul><li>More than 51% of techies said that they spend anywhere between 9-12 hours at work, as per a survey.</li><li>Unrealistic timelines, excessive meetings, and company cultures that value and reward overwork — are the reasons for long hours.</li><li>The resultant health effects include acidity, gut problems, back and neck pain, erratic sleep cycles, muscle stiffness and more. <br /></li></ul>It’s official. <keyword id="19895063" type="General" weightage="20" keywordseo="india" source="keywords">India</keyword>’s tech professionals are among the most overworked, putting in way longer hours at work than the global average. As per a report by Onscurity &amp; Knowledge Chamber of Commerce and Industry (<keyword id="20246448" type="General" weightage="20" keywordseo="kcci" source="keywords">KCCI</keyword>) – more than half of the country’s techies work for an average of 52.5 hours a week. <br /><br />This is considerably higher than the national average for India, which is 47.7 hours a week. As per the US Bureau of Labour Statistics, the average number of hours worked per week is around 36.4 in the informal sector!<br /><br /><strong>Stats paint a grim picture<br /></strong><br />More than 51% of Indian techies surveyed said that they spend anywhere between 9-12 hours at work, as per a survey conducted for the report. While 2% said that they spend over 12 hours working, 47% adhere to the 5-8 hour schedule. <br /><br />A staggering 55% of tech professionals reported that working late hours significantly impacts their health. This higher work burden is leaving them with a myriad of health problems — such as acidity, gut problems, back and neck pain, erratic sleep cycles, muscle stiffness, eyesight-related issues, weight gain, and intense headaches. <br /><br />As per the KCCI report titled ‘Burying the Burnout: Decoding the Health Challenges of India’s Tech Geniuses’, 26% of techies are experiencing exacerbated sleep problems, with more than 51% of them getting only an average of 5.5 to 6 hours of sleep per day. <br /><br />“Frankly, working in the IT/ITES sector is exceptionally demanding, akin to traversing a tightrope. With tight deadlines and inevitable setbacks, employees' health often bears the brunt. Therefore, focusing on preventive measures is paramount,” said <keyword id="21013145" type="General" weightage="20" keywordseo="bharat-patel" source="keywords">Bharat Patel</keyword>, secretary general of KCCI. <br /><br />The survey respondents were software developers, web and app developers, data analysts, data scientists, UI/UX designers and more. It was conducted in pan-India in cities including Delhi, Bangalore, Kochi, Ahmedabad, and Kolkata. <br /><br /><strong>Excessive meetings vs Family events <br /></strong><br />What is making techies put in longer hours than their peers? As per the survey — unrealistic timelines, last-minute changes, dissatisfaction with initial iterations of work completed etc. The most notorious of the reasons as per the survey included excessive meetings. <br /><br />Company cultures that value and reward overwork, pressure from management; and not least of all, perceived career advancement opportunities tied to working long hours, also push the workforce to adhere to excessive work hours.<br /><br />“Many tech roles in India are inherently demanding, often necessitating a predominantly sedentary lifestyle. Collectively, these factors contribute to a detrimental impact on the well-being of these individuals,” the report says.<br /><br />Nearly 45% of tech professionals disclosed that their mental health is suffering, with stress, anxiety, and depression taking a toll. Increased job hours also translate to less family time. As many as 74% of techies are sacrificing family events and celebrations due to work demands. <br /><br />The report adds that as individuals consistently prioritise work over personal and family commitments, it can lead to feelings of isolation, loneliness, and burnout.<br /><br />“It's crucial that we don't overlook the daily struggles of tech professionals in our pursuit of success, as neglecting their well-being could not only render technology jobs unappealing but also hinder the true potential of these individuals,” said <keyword id="21013144" type="General" weightage="20" keywordseo="yogesh-agarwal" source="keywords">Yogesh Agarwal</keyword>, Founder and CEO, <br /><br /><keyword id="21013146" type="General" weightage="20" keywordseo="onsurity" source="keywords">Onsurity</keyword> added that the survey findings should serve as a wake-up call for tech companies. As more and more stakeholders push to prioritise health and personal time over never-ending work requirements, the time is perhaps ripe for companies to revisit their internal work culture to make employees more productive and not miserable over the long term.<br />

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