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As the monsoon rains refreshes <keyword id="19895063" type="General" weightage="20" keywordseo="India" source="keywords">India</keyword> while the nation cheers on its athletes in the ongoing Olympics, the skies above promise another natural spectacle that will captivate <keyword id="20400403" type="General" weightage="20" keywordseo="stargazers" source="keywords">stargazers</keyword>. This month, India will witness a rare <keyword id="20400402" type="General" weightage="20" keywordseo="celestial-event" source="keywords">celestial event</keyword>: a "double" <keyword id="21521139" type="General" weightage="20" keywordseo="meteor-shower" source="keywords">meteor shower</keyword> featuring both the <keyword id="22559089" type="General" weightage="20" keywordseo="Alpha-Capricornids" source="keywords">Alpha Capricornids</keyword> and the <keyword id="22406564" type="General" weightage="20" keywordseo="Southern-Delta-Aquariids" source="keywords">Southern Delta Aquariids</keyword>, peaking within 24 hours of each other. Meteor showers occur when Earth’s orbit intersects the path of a <keyword id="20023122" type="General" weightage="20" keywordseo="comet" source="keywords">comet</keyword>, causing rocky debris to burn up in our atmosphere. This month, Earth will pass through the orbits of comet 96P/Machholz and comet 169P/NEAT, giving rise to the Southern Delta Aquariids and Alpha Capricornids respectively. The Southern Delta Aquariids will peak on July 29-30, while the Alpha Capricornids will peak on July 30-31. Nicholas Moskovitz, a planetary <keyword id="22128353" type="General" weightage="20" keywordseo="astronomer" source="keywords">astronomer</keyword> at Lowell Observatory, notes that such close peaks of two meteor showers are "a little bit unusual" but not entirely uncommon. Observing them helps scientists understand comet behaviours and predict future meteor showers, which is crucial for the safety of spacecraft. <h2>Visibility in India</h2>Both meteor showers are expected to be visible in India, particularly in the southern regions and areas away from urban light pollution. For the best viewing experience, find a dark site, ideally in rural areas or hill stations. The Southern Delta Aquariids will produce around 20-25 meteors per hour at their peak, appearing as faint streaks that require dark skies to be seen. The Alpha Capricornids, while less frequent at about 5 meteors per hour, are known for their bright fireballs, making them more spectacular even in less than ideal conditions. <div type="Article" hostid="261" msid="112016039" title="Forget distant fly-bys of giant rocks—this plane-sized asteroid will come within 1.7 million km of Earth this week!" mstype="2" mssubtype="0"></div>To catch these celestial wonders, it’s recommended to watch the sky between midnight and dawn. Make sure to find a dark spot away from city lights, stay off devices to allow your eyes to acclimate to the dark. Be patient, lie back and scan the sky, focusing on areas away from the moon. It would also be wise to check the local weather forecast to ensure clear skies before heading out for any stargazing. Both showers will be most visible if you look towards the southern horizon. The meteors will appear to radiate from the constellations Aquarius (for the Southern Delta Aquariids) and Capricornus (for the Alpha Capricornids), but you should look away from these radiant points to see longer meteors streaking across the sky. <div type="Article" hostid="261" msid="111730212" title="Bengaluru-based Pixxel Space plans to mine asteroids for building settlements in space" mstype="2" mssubtype="0"></div>So, mark your calendars, prepare your night-sky essentials, and get ready to witness a <keyword id="22559088" type="General" weightage="100" keywordseo="double-meteor-shower" source="Orion">double meteor shower</keyword> that promises to be a highlight of the monsoon season. As athletes from around the globe compete for glory, the night sky will provide a universal display of nature's own fireworks.

India to witness a rare and mesmerising DOUBLE meteor shower on July 30!

VIDEO: Deadly floods and landslides sweep away homes in southern India

<keyword id="19895040" type="General" weightage="100" keywordseo="real-estate" source="keywords">Real estate</keyword> was India's asset of choice for investment in the first half of 2024, noted a recent FICCI-ANAROCK report. About 59% of the 7,615 respondents across 14 Indian cities expressed their desire to invest in real estate. Out of these, 67% of respondents wanted to buy a house to live in it, while the remaining 33% viewed it as an investment. Out of this 33%, the majority (57%) wanted to earn rental yields from the same, while another 20% planned to sell their property after its price has appreciated significantly. The remaining 23% viewed real estate as an asset for securing their future. Even for millennials, buying a house featured at the top of their priorities. 66% of millennials and 41% of generation X respondents highlighted that they intended to utilize their investment gains to buy a house in the future. What was also notable was the significant decline in demand for ready-to-move in units and a corresponding rise in demand for under-construction units. During the first half of 2024, for every 20 individuals who preferred a ready-to-move-in house, 25 respondents chose a new launch or under-construction property. This ratio was at 32:21 in the first half of 2021. Some of the reasons why over 53% of homebuyers are dissatisfied with the current available options when it comes to <keyword id="20254620" type="General" weightage="20" keywordseo="affordable-housing" source="keywords">affordable housing</keyword> are location accessibility (92%), poor quality construction design (84%), and small unit sizes (68%). Even the supply in the affordable housing category across the top 7 Indian cities has considerably shrunk over the last 3 years, from 26% in 2021 to just 17% as of September 2024. However, this differed based on the city. While over 50% of respondents chose 3BHK apartments in cities like Chennai, Hyderabad, Delhi-NCR, and Bengaluru, over 40% preferred a 2BHK in other metros like Kolkata. Mumbai Metropolitan Region (MMR) and Pune. However, that does not mean that there is little demand for luxury homes. 28% of respondents preferred buying a house between the range of Rs 90 lakh and Rs 1.5 crore. This was a mere 18% prior to the pandemic. However, the most common budget range for houses remained between Rs 45-90 lakh, with 35% of respondents choosing the same. As far as under-construction properties are concerned, a staggering 98% of respondents prefer timely project completion, 93% choose improved construction quality, and 72% prefer a well-lit, ventilated home. The report further noted that Indians are increasingly inclined towards larger, more luxurious living spaces. 3BHKs and apartments remained the most preferred choice of residence and property type, with 51% and 58% of respondents opting for them, respectively. Residential plots were also seen gaining traction, particularly in southern India, with 30% of respondents in Chennai, 29% in Bengaluru, and 27% in Hyderabad preferring them. <keyword id="21483825" type="General" weightage="20" keywordseo="home-loan-interest-rates" source="keywords">Home loan interest rates</keyword> also significantly influenced home buying decisions. If the rates are below 8.5%, it would have minimal impact on buying decisions for around 71% of respondents. However, interest rates exceeding 9% would significantly impact 87% of buyers. With the RBI currently deciding to hold off on slashing interest rates in October for the 10th consecutive time, home loan rates are likely to stay elevated in the future. Experts estimate that the RBI will start cutting interest rates early next year.

Real estate continues to dominate India's investment portfolios, shows FICCI report

India is set to celebrate its first <keyword id="22301946" type="General" weightage="100" keywordseo="National-Space-Day" source="keywords">National Space Day</keyword> on August 23, 2024. In 2023, on this very day, <keyword id="20376714" type="General" weightage="20" keywordseo="Chandrayaan-3" source="keywords">Chandrayaan 3</keyword> accomplished the safe and soft landing of <keyword id="21074312" type="General" weightage="20" keywordseo="Vikram-Lander" source="keywords">Vikram Lander</keyword> on the <keyword id="20381887" type="General" weightage="20" keywordseo="lunar-surface" source="keywords">lunar surface</keyword>. India became the fourth country to land on the moon and the first to land near the southern polar region of the moon. The <keyword id="19909265" type="General" weightage="20" keywordseo="Union-Government" source="keywords" meta.keywordsubtype="org" meta.entityname="Union Government" meta.hostid="261" meta.entityid="Union Government">Union Government</keyword> has declared August 23rd as "National Space Day" to celebrate the remarkable success of the Chandrayaan-3 Mission, which accomplished a safe and soft landing of the Vikram Lander and deployed the <keyword id="22760272" type="General" weightage="20" keywordseo="Pragyaan-rover" source="keywords">Pragyaan rover</keyword> on the lunar surface near the South Pole. This achievement is being celebrated across the country with the goal of engaging and inspiring the younger generation in the field of <keyword id="21280701" type="General" weightage="20" keywordseo="Space-Science" source="keywords">Space Science</keyword> and Technology. To commemorate this historical achievement, the Department of Fisheries (DoF), <keyword id="19923385" type="General" weightage="20" keywordseo="Government-of-India" source="keywords" meta.keywordsubtype="org" meta.entityname="Government of India" meta.hostid="261" meta.entityid="Government of India">Government of India</keyword> (GoI), is organizing a series of seminars and demonstrations, to create awareness about the Application of Space Technologies in the Fisheries Sector. The events are being organized in collaboration with various coastal States and Union Territories, <keyword id="19915124" type="General" weightage="20" keywordseo="ISRO" source="keywords" meta.keywordsubtype="org" meta.entityname="ISRO" meta.hostid="261" meta.entityid="ISRO">ISRO</keyword> and DoF field offices. Earlier, the notification issued by the Department of Space said India became the first country to land near the South pole of the moon with the success of the Chandrayaan-3 Mission. "With the success of the Chandrayaan-3 Mission on August 23, 2023, with the landing of the Vikram lander and deployment of the Pragyaan Rover on the lunar surface, India joins an elite group of Space faring nations becoming the fourth country to land on the moon and the first nation to land near to South pole of the moon," said the notification. "The outcome of this historic mission will benefit mankind in the years to come," it added. The notification said the day marks an important milestone in the country's advancements in space missions, will inspire younger generations towards enhanced interest in pursuing <keyword id="19960286" type="General" weightage="20" keywordseo="stem" source="keywords">STEM</keyword> and will provide a major impetus to the space sector. "The Government of India has declared August 23 of every year as 'National Space Day' to commemorate this historic moment," it said.

India set to celebrate first National Space Day on August 23

<ul class="summary-list"><li>Chinese migrants hoping to get into the US are turning to an unlikely guide — the Chinese version of Tiktok.</li><li>Migrants told 60 Minutes they planned their journey using Douyin.</li></ul>Some Chinese migrants attempting to cross the US southern border are getting a little help from Douyin, the Chinese version of TikTok, according to a report from <a target="_blank" href="https://www.cbsnews.com/news/us-border-mexico-chinese-migrants-60-minutes/">CBS' "60 Minutes</a>."Over four days, CBS journalists observed nearly 600 migrants, some of whom were Chinese, crossing the border through a gap at the end of a border fence near San Diego.Chinese migrants who spoke to 60 Minutes said they learned about the gap via the video application Douyin, the Chinese version of TikTok.60 Minutes said it had reviewed several Douyin posts, which gave detailed instructions on how migrants could hire smugglers to get to the border.And the journey is no walk in the park either.Chinese migrants hoping to start a new life in the US have to trek through multiple countries before they arrive stateside. Some have had to crisscross through Turkey, Ecuador, Colombia, Panama and then Mexico, per <a target="_blank" href="https://www.cnn.com/2024/01/08/americas/china-us-migrants-illegal-crossings-intl-hnk-dst/index.html">CNN</a>.There has been a surge in the number of Chinese migrants entering the US through its borders.According to <a target="_blank" href="https://www.cbp.gov/newsroom/stats/nationwide-encounters">data</a> from the US Customs and Border Protection, the number of encounters the agency has had with Chinese nationals at the Southwest land border has increased more than 50-fold, from 450 people in 2021 to 24,314 in 2023.Chinese social media platforms have been a boon for migrants hoping to enter the US.In April, <a target="_blank" href="https://www.reuters.com/world/migrants-find-tips-chinese-version-tiktok-long-trek-us-mexico-border-2023-04-28/">Reuters</a> interviewed more than two dozen Chinese migrants entering the US via southeastern Texas. All the migrants that Reuters spoke to said that social media had helped them to plan their journey.It's not just China. Content creators from Venezuela and India have been producing similar videos as well."Migration sells. My public is a public that wants a dream," Venezuelan Manuel Monterrosa, 35, told <a target="_blank" href="https://www.nytimes.com/2023/12/20/world/americas/migrants-tiktok-darien-gap.html">The New York Times</a> in a story published in December.Representatives for the US Customs and Border Protection did not immediately respond to a request for comment from Business Insider sent outside regular business hours.

Chinese migrants are flocking to the southern border, and some have Chinese TikTok guides on how to enter the US: CBS

The <keyword id="20161413" type="General" weightage="20" keywordseo="Indian-film-industry" source="keywords">Indian film industry</keyword> ranks among the world's largest producers. Although Hindi films traditionally hold sway over audiences, Southern language films have made notable inroads into the Hindi-speaking regions, garnering significant appreciation. In recent years, South Indian cinema has gained widespread recognition, captivating audiences nationwide with its dynamic narratives and action-packed plots. However, these films have enjoyed cult status across India for quite some time. Consequently, a surge of South Indian actors has made their mark in the list of the top 10 highest-paid Indian actors. Forbes has compiled data from IMDB to unveil the top 10 <keyword id="22030970" type="General" weightage="100" keywordseo="highest-paid-actors-in-India" source="Orion">highest-paid actors in India</keyword>, making for an intriguing list. <table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 0.62499975pt;border-right:solid #000000 0.62499975pt;border-bottom:solid #000000 0.62499975pt;border-top:solid #000000 0.62499975pt;vertical-align:middle;padding:6pt 6pt 6pt 6pt;overflow:hidden;overflow-wrap:break-word;">Rank </td><td style="border-left:solid #000000 0.62499975pt;border-right:solid #000000 0.62499975pt;border-bottom:solid #000000 0.62499975pt;border-top:solid #000000 0.62499975pt;vertical-align:middle;padding:6pt 6pt 6pt 6pt;overflow:hidden;overflow-wrap:break-word;">Actor Name </td><td style="border-left:solid #000000 0.62499975pt;border-right:solid #000000 0.62499975pt;border-bottom:solid #000000 0.62499975pt;border-top:solid #000000 0.62499975pt;vertical-align:middle;padding:6pt 6pt 6pt 6pt;overflow:hidden;overflow-wrap:break-word;">Approximate Fee Charged Per Movie </td></tr><tr><td style="border-left:solid #000000 0.62499975pt;border-right:solid #000000 0.62499975pt;border-bottom:solid #000000 0.62499975pt;border-top:solid #000000 0.62499975pt;vertical-align:middle;padding:6pt 6pt 6pt 6pt;overflow:hidden;overflow-wrap:break-word;">1. </td><td style="border-left:solid #000000 0.62499975pt;border-right:solid #000000 0.62499975pt;border-bottom:solid #000000 0.62499975pt;border-top:solid #000000 0.62499975pt;vertical-align:middle;padding:6pt 6pt 6pt 6pt;overflow:hidden;overflow-wrap:break-word;">Shah Rukh Khan </td><td style="border-left:solid #000000 0.62499975pt;border-right:solid #000000 0.62499975pt;border-bottom:solid #000000 0.62499975pt;border-top:solid #000000 0.62499975pt;vertical-align:middle;padding:6pt 6pt 6pt 6pt;overflow:hidden;overflow-wrap:break-word;">Rs150 crores-250 crores </td></tr><tr><td style="border-left:solid #000000 0.62499975pt;border-right:solid #000000 0.62499975pt;border-bottom:solid #000000 0.62499975pt;border-top:solid #000000 0.62499975pt;vertical-align:middle;padding:6pt 6pt 6pt 6pt;overflow:hidden;overflow-wrap:break-word;">2. </td><td style="border-left:solid #000000 0.62499975pt;border-right:solid #000000 0.62499975pt;border-bottom:solid #000000 0.62499975pt;border-top:solid #000000 0.62499975pt;vertical-align:middle;padding:6pt 6pt 6pt 6pt;overflow:hidden;overflow-wrap:break-word;">Rajinikanth </td><td style="border-left:solid #000000 0.62499975pt;border-right:solid #000000 0.62499975pt;border-bottom:solid #000000 0.62499975pt;border-top:solid #000000 0.62499975pt;vertical-align:middle;padding:6pt 6pt 6pt 6pt;overflow:hidden;overflow-wrap:break-word;">Rs150 crores-210 crores </td></tr><tr><td style="border-left:solid #000000 0.62499975pt;border-right:solid #000000 0.62499975pt;border-bottom:solid #000000 0.62499975pt;border-top:solid #000000 0.62499975pt;vertical-align:middle;padding:6pt 6pt 6pt 6pt;overflow:hidden;overflow-wrap:break-word;">3. </td><td style="border-left:solid #000000 0.62499975pt;border-right:solid #000000 0.62499975pt;border-bottom:solid #000000 0.62499975pt;border-top:solid #000000 0.62499975pt;vertical-align:middle;padding:6pt 6pt 6pt 6pt;overflow:hidden;overflow-wrap:break-word;">Joseph Vijay </td><td style="border-left:solid #000000 0.62499975pt;border-right:solid #000000 0.62499975pt;border-bottom:solid #000000 0.62499975pt;border-top:solid #000000 0.62499975pt;vertical-align:middle;padding:6pt 6pt 6pt 6pt;overflow:hidden;overflow-wrap:break-word;">Rs130 crores-200 crores </td></tr><tr><td style="border-left:solid #000000 0.62499975pt;border-right:solid #000000 0.62499975pt;border-bottom:solid #000000 0.62499975pt;border-top:solid #000000 0.62499975pt;vertical-align:middle;padding:6pt 6pt 6pt 6pt;overflow:hidden;overflow-wrap:break-word;">4. </td><td style="border-left:solid #000000 0.62499975pt;border-right:solid #000000 0.62499975pt;border-bottom:solid #000000 0.62499975pt;border-top:solid #000000 0.62499975pt;vertical-align:middle;padding:6pt 6pt 6pt 6pt;overflow:hidden;overflow-wrap:break-word;">Prabhas </td><td style="border-left:solid #000000 0.62499975pt;border-right:solid #000000 0.62499975pt;border-bottom:solid #000000 0.62499975pt;border-top:solid #000000 0.62499975pt;vertical-align:middle;padding:6pt 6pt 6pt 6pt;overflow:hidden;overflow-wrap:break-word;">Rs100 crores-200 crores </td></tr><tr><td style="border-left:solid #000000 0.62499975pt;border-right:solid #000000 0.62499975pt;border-bottom:solid #000000 0.62499975pt;border-top:solid #000000 0.62499975pt;vertical-align:middle;padding:6pt 6pt 6pt 6pt;overflow:hidden;overflow-wrap:break-word;">5. </td><td style="border-left:solid #000000 0.62499975pt;border-right:solid #000000 0.62499975pt;border-bottom:solid #000000 0.62499975pt;border-top:solid #000000 0.62499975pt;vertical-align:middle;padding:6pt 6pt 6pt 6pt;overflow:hidden;overflow-wrap:break-word;">Aamir Khan </td><td style="border-left:solid #000000 0.62499975pt;border-right:solid #000000 0.62499975pt;border-bottom:solid #000000 0.62499975pt;border-top:solid #000000 0.62499975pt;vertical-align:middle;padding:6pt 6pt 6pt 6pt;overflow:hidden;overflow-wrap:break-word;">Rs100 crores-175 crores </td></tr><tr><td style="border-left:solid #000000 0.62499975pt;border-right:solid #000000 0.62499975pt;border-bottom:solid #000000 0.62499975pt;border-top:solid #000000 0.62499975pt;vertical-align:middle;padding:6pt 6pt 6pt 6pt;overflow:hidden;overflow-wrap:break-word;">6. </td><td style="border-left:solid #000000 0.62499975pt;border-right:solid #000000 0.62499975pt;border-bottom:solid #000000 0.62499975pt;border-top:solid #000000 0.62499975pt;vertical-align:middle;padding:6pt 6pt 6pt 6pt;overflow:hidden;overflow-wrap:break-word;">Salman Khan </td><td style="border-left:solid #000000 0.62499975pt;border-right:solid #000000 0.62499975pt;border-bottom:solid #000000 0.62499975pt;border-top:solid #000000 0.62499975pt;vertical-align:middle;padding:6pt 6pt 6pt 6pt;overflow:hidden;overflow-wrap:break-word;">Rs100 crores-150 crores </td></tr><tr><td style="border-left:solid #000000 0.62499975pt;border-right:solid #000000 0.62499975pt;border-bottom:solid #000000 0.62499975pt;border-top:solid #000000 0.62499975pt;vertical-align:middle;padding:6pt 6pt 6pt 6pt;overflow:hidden;overflow-wrap:break-word;">7. </td><td style="border-left:solid #000000 0.62499975pt;border-right:solid #000000 0.62499975pt;border-bottom:solid #000000 0.62499975pt;border-top:solid #000000 0.62499975pt;vertical-align:middle;padding:6pt 6pt 6pt 6pt;overflow:hidden;overflow-wrap:break-word;">Kamal Haasan </td><td style="border-left:solid #000000 0.62499975pt;border-right:solid #000000 0.62499975pt;border-bottom:solid #000000 0.62499975pt;border-top:solid #000000 0.62499975pt;vertical-align:middle;padding:6pt 6pt 6pt 6pt;overflow:hidden;overflow-wrap:break-word;">Rs100 crores-150 crores </td></tr><tr><td style="border-left:solid #000000 0.62499975pt;border-right:solid #000000 0.62499975pt;border-bottom:solid #000000 0.62499975pt;border-top:solid #000000 0.62499975pt;vertical-align:middle;padding:6pt 6pt 6pt 6pt;overflow:hidden;overflow-wrap:break-word;">8. </td><td style="border-left:solid #000000 0.62499975pt;border-right:solid #000000 0.62499975pt;border-bottom:solid #000000 0.62499975pt;border-top:solid #000000 0.62499975pt;vertical-align:middle;padding:6pt 6pt 6pt 6pt;overflow:hidden;overflow-wrap:break-word;">Allu Arjun </td><td style="border-left:solid #000000 0.62499975pt;border-right:solid #000000 0.62499975pt;border-bottom:solid #000000 0.62499975pt;border-top:solid #000000 0.62499975pt;vertical-align:middle;padding:6pt 6pt 6pt 6pt;overflow:hidden;overflow-wrap:break-word;">Rs100 crores-125 crores </td></tr><tr><td style="border-left:solid #000000 0.62499975pt;border-right:solid #000000 0.62499975pt;border-bottom:solid #000000 0.62499975pt;border-top:solid #000000 0.62499975pt;vertical-align:middle;padding:6pt 6pt 6pt 6pt;overflow:hidden;overflow-wrap:break-word;">9. </td><td style="border-left:solid #000000 0.62499975pt;border-right:solid #000000 0.62499975pt;border-bottom:solid #000000 0.62499975pt;border-top:solid #000000 0.62499975pt;vertical-align:middle;padding:6pt 6pt 6pt 6pt;overflow:hidden;overflow-wrap:break-word;">Akshay Kumar </td><td style="border-left:solid #000000 0.62499975pt;border-right:solid #000000 0.62499975pt;border-bottom:solid #000000 0.62499975pt;border-top:solid #000000 0.62499975pt;vertical-align:middle;padding:6pt 6pt 6pt 6pt;overflow:hidden;overflow-wrap:break-word;">Rs60 crores-145 crores </td></tr><tr><td style="border-left:solid #000000 0.62499975pt;border-right:solid #000000 0.62499975pt;border-bottom:solid #000000 0.62499975pt;border-top:solid #000000 0.62499975pt;vertical-align:middle;padding:6pt 6pt 6pt 6pt;overflow:hidden;overflow-wrap:break-word;">10. </td><td style="border-left:solid #000000 0.62499975pt;border-right:solid #000000 0.62499975pt;border-bottom:solid #000000 0.62499975pt;border-top:solid #000000 0.62499975pt;vertical-align:middle;padding:6pt 6pt 6pt 6pt;overflow:hidden;overflow-wrap:break-word;">Ajith Kumar </td><td style="border-left:solid #000000 0.62499975pt;border-right:solid #000000 0.62499975pt;border-bottom:solid #000000 0.62499975pt;border-top:solid #000000 0.62499975pt;vertical-align:middle;padding:6pt 6pt 6pt 6pt;overflow:hidden;overflow-wrap:break-word;">Rs105 crores </td></tr></tbody><tbody></tbody></table><cmsannotation type="cmsannotation" annotationid="1. Shahrukh Khan" comment="subhead" text="1. Shahrukh Khan">1. Shahrukh Khan</cmsannotation> With an approximate net worth of Rs. 6300 crores, Shah Rukh Khan, often referred to as King Khan, has experienced his fair share of setbacks in his career. However, that hasn't hindered him from delivering two consecutive blockbusters in 2023, "Jawan" and "Pathaan," both surpassing Rs. 2000 crores worldwide. His latest release, "Dunki," continues to rake in significant earnings, showcasing his enduring star power. Shah Rukh Khan has painstakingly built his career, consistently shattering records and solidifying his status as the highest-paid Bollywood star. <cmsannotation type="cmsannotation" annotationid="2. Rajinikanth" comment="subhead" text="2. Rajinikanth">2. Rajinikanth</cmsannotation> With an approximate net worth of Rs. 430 crore, Rajinikanth stands as the <keyword id="6818153" type="General" weightage="20" keywordseo="Highest-paid-actor" source="Orion">highest-paid actor</keyword> in South India. Revered almost like a living deity in Southern India and beyond, his mere presence in a film draws enthusiastic crowds. he has predominantly worked in Tamil cinema. Rajinikanth's latest outing, "Jailer," an action comedy, proved to be a box office hit, for which he commanded a fee of Rs. 110 crores. <cmsannotation type="cmsannotation" annotationid="3. Joseph Vijay" comment="subhead" text="3. Joseph Vijay">3. Joseph Vijay</cmsannotation> Joseph Vijay Chandrasekhar, also known as Thalapathy Vijay, ranks among the highest-paid actors in South India with an approximate net worth of Rs. 474 crores. His career, which began at the age of 10 in 1984 as a child artist in the movie "Vetri," spans over two decades. Vijay stands as one of the most reliable performers in the South Indian film industry. Among his 2023 releases are "Varisu," which raked in around Rs. 300 crore worldwide, and "Leo," grossing over Rs. 612 crore globally. Remarkably, "Leo" emerged as the highest-grossing Tamil film of 2023. <cmsannotation type="cmsannotation" annotationid="4. Prabhas" comment="subhead" text="4. Prabhas">4. Prabhas</cmsannotation> Prabhas soared to true stardom following the release of SS Rajamouli’s historic Baahubali duology, leading to a remarkable 94 per cent surge in the actor’s net worth over the past eight years. Despite the controversial reception of his film Adipurush, his latest venture Salaar has achieved considerable success, boasting a domestic net collection of Rs369.37 crore. This surpasses Rajinikanth’s Jailer, which stands at a net of Rs348.55 crore, firmly establishing Prabhas's enduring influence in the industry. <cmsannotation type="cmsannotation" annotationid="5. Aamir Khan" comment="subhead" text="5. Aamir Khan">5. Aamir Khan</cmsannotation> Renowned for his meticulous approach to film roles, Aamir Khan has garnered a dedicated fan base, earning him the moniker ‘Mr. Perfectionist’ for his unwavering commitment to excellence. While his recent release, Laal Singh Chaddha in 2022, didn't achieve significant success, his upcoming project, Sitaare Zameen Par, slated for a 2024 holiday season release, continues his tradition of delivering fan-favorite hits like Dangal, PK, and 3 Idiots. This consistent track record has contributed to Khan's substantial net worth, currently estimated at Rs1862 crore. <cmsannotation type="cmsannotation" annotationid="6. Salman Khan" comment="subhead" text="6. Salman Khan">6. Salman Khan</cmsannotation> With a substantial fan base, Salman Khan has transitioned from the romantic roles of the 1990s to the endearing 'bhai' of recent times. His cinematic evolution has propelled him to become one of the highest-paid Indian actors. Notably, his latest blockbuster, Tiger 3, has amassed over Rs466.63 crore worldwide, contributing to Khan's estimated net worth of Rs2900 crore. <cmsannotation type="cmsannotation" annotationid="7. Kamal Kaasan" comment="subhead" text="7. Kamal Kaasan">7. Kamal Kaasan</cmsannotation> Kamal Hassan, a prominent figure from South India, boasts an impressive filmography of around 220 movies across multiple languages. Despite no releases in 2023, fans are eagerly awaiting his collaboration with director Mani Ratnam for KH 234, contributing to his estimated net worth of approximately Rs150 crore. <cmsannotation type="cmsannotation" annotationid="8. Allu Arjun" comment="subhead" text="8. Allu Arjun">8. Allu Arjun</cmsannotation> Arjun gained nationwide recognition for his lead role in Pushpa: The Rise, a highly acclaimed Telugu film released in 2021. With an estimated net worth of approximately Rs350 crore, his upcoming film is anticipated to break box office records with the sequel of Pushpa, slated for release in 2024. <cmsannotation type="cmsannotation" annotationid="9. Akshay Kumar" comment="subhead" text="9. Akshay Kumar">9. Akshay Kumar</cmsannotation> Known for his impeccable comic timing in films like Hera Pheri and Bhool Bhulaiyaa, Akshay Kumar has also taken on roles in socially relevant movies such as Toilet: Ek Prem Katha and Padman. Despite no major hits in 2023, his guest appearance in OMG 2 contributed to its global earnings of approximately Rs 221 crore. With an estimated net worth of around Rs2500 crore, Kumar continues to leave his mark on Bollywood. <cmsannotation type="cmsannotation" annotationid="10. Ajith Kumar" comment="subhead" text="10. Ajith Kumar">10. Ajith Kumar</cmsannotation> Kumar, another prominent South Indian actor among the highest-paid, garnered praise for his role in the 2023 film Thunivu, captivating audiences with his performance. The movie raked in a total of Rs130 crores in the Indian market. With an estimated net worth of around Rs196 crore, Kumar continues to make waves in the industry. <cmsannotation type="cmsannotation" annotationid="Frequently asked questions" comment="subhead" text="Frequently asked questions">Frequently asked questions</cmsannotation> 1. What is Shah Rukh Khan's approximate net worth, and what recent successes has he had? Shah Rukh Khan's approximate net worth is Rs. 6300 crores. He delivered two consecutive blockbusters in 2023, "Jawan" and "Pathaan," both surpassing Rs. 2000 crores worldwide. His latest release, "Dunki," continues to rake in significant earnings. 2. Who is Rajinikanth, and why is he revered in Southern India? Rajinikanth is a highly revered actor, almost considered a living deity in Southern India. He has predominantly worked in Tamil cinema and commands enthusiastic crowds due to his iconic status. 3. What are some notable films in Joseph Vijay's career, and how successful have they been? Joseph Vijay, also known as Thalapathy Vijay, has had a prolific career spanning over two decades. Notable films include "Varisu," which grossed around Rs. 300 crore worldwide, and "Leo," which grossed over Rs. 612 crore globally, emerging as the highest-grossing Tamil film of 2023. 4. How did Prabhas achieve stardom, and what recent successes has he had? Prabhas gained stardom following the success of SS Rajamouli’s Baahubali duology. Despite mixed reception for his film Adipurush, his recent venture Salaar achieved considerable success, boasting a domestic net collection of Rs369.37 crore. 5. What is Aamir Khan's reputation in the film industry, and what upcoming project is he involved in? Aamir Khan is renowned for his meticulous approach to film roles, earning him the moniker ‘Mr. Perfectionist’. His upcoming project, "Sitaare Zameen Par," slated for a 2024 release, continues his tradition of delivering fan-favorite hits like Dangal, PK, and 3 Idiots. SEE ALSO: <a href="https://www.businessinsider.in/meet-the-top-10-richest-actors-in-india/articleshow/69645149.cms" data-type="tilCustomLink" target="_blank">top 10 richest actors in India</a> <a href="https://www.businessinsider.in/entertainment/news/top-10-richest-actresses-of-india/articleshow/72018327.cms" data-type="tilCustomLink" target="_blank">Top 10 richest actress in India</a>

Top 10 highest-paid actors in India in 2024

<keyword id="1600077" type="General" weightage="20" keywordseo="Road-trips" source="Orion">Road trips</keyword> offer the perfect opportunity to explore the country's rich culture, breathtaking scenery, and vibrant communities. Whether you're a nature enthusiast, a history buff, or simply seeking adventure, India has a road trip to suit every traveller's taste. Let's dive into the top 10 road trips you must experience in 2024! <cmsannotation type="cmsannotation" annotationid="Leh-Ladakh Circuit: See stunning mountains and cool monasteries" comment="subhead" text="Leh-Ladakh Circuit: See stunning mountains and cool monasteries"><keyword id="901142" type="General" weightage="20" keywordseo="Leh-ladakh" source="Orion">Leh-Ladakh</keyword> Circuit: See stunning mountains and cool monasteries</cmsannotation> <div type="image" title="1" msid="109620397" hostid="261" sizebytes="1711766" caption="&amp;lt;p&amp;gt;Towards Leh&amp;lt;/p&amp;gt;"></div>One of the most popular road trip routes in India. Experience the peace and adventures of the Himalayas together on the Leh-Ladakh circuit! Drive through towering mountains, pass by turquoise lakes like Pangong Tso, and witness the unique culture of Ladakh. Don't miss out on exploring ancient monasteries perched on rugged cliffs, like Thiksey and Hemis. Get ready for the adventure of a lifetime as you navigate through winding roads and high-altitude passes, discovering the raw beauty of this remote region. Distance: Varies depending on starting point, but typically around 2,000-2,500 kilometres round trip from Delhi. Places to Visit: Leh, Pangong Lake, Nubra Valley, Magnetic Hill, Diskit Monastery, Thiksey Monastery, Hemis Monastery. Preferred vehicle for trip: SUVs or motorcycles with good ground clearance and reliability due to rough terrain and high altitude. <cmsannotation type="cmsannotation" annotationid="Manali to Spiti Valley: Check out snowy peaks and ancient monasteries" comment="subhead" text="Manali to Spiti Valley: Check out snowy peaks and ancient monasteries">Manali to Spiti Valley: Check out snowy peaks and ancient monasteries</cmsannotation> <div type="image" title="2" msid="109620412" hostid="261" sizebytes="1828904" caption="&amp;lt;p&amp;gt;Manali to Spiti Valley&amp;lt;/p&amp;gt;"></div>Picture yourself driving through rough terrain, crossing tall mountain passes, and being amazed by the untouched beauty of Spiti. While you're there, make sure to stop by ancient Buddhist monasteries like Key and Tabo. Keep your eyes peeled for rare animals like snow leopards and Himalayan ibex. You'll be blown away by the breathtaking views and fascinating history of this Himalayan area. Distance: Approximately 400 kilometres round trip from Manali to Kaza. Places to Visit: Rohtang Pass, Kunzum Pass, Key Monastery, Tabo Monastery, Dhankar Monastery, Chandratal Lake. Preferred vehicle for trip: SUVs or motorcycles capable of handling mountainous terrain and narrow roads. <cmsannotation type="cmsannotation" annotationid="Mumbai to Goa Coastal Route: Enjoy beaches, forts, and yummy seafood" comment="subhead" text="Mumbai to Goa Coastal Route: Enjoy beaches, forts, and yummy seafood"><keyword id="4009145" type="General" weightage="20" keywordseo="Mumbai-to-Goa" source="Orion">Mumbai to Goa</keyword> Coastal Route: Enjoy beaches, forts, and yummy seafood</cmsannotation> <div type="image" title="3" msid="109620427" hostid="261" sizebytes="1205042" caption="&amp;lt;p&amp;gt;Mumbai to Goa&amp;lt;/p&amp;gt;"></div>If you're up for a fun road trip straight out of a movie, head from Mumbai to Goa! You'll be in for a treat with all the sun, sand, and sea along the way. Drive along the beautiful Konkan coast, passing by fishing villages and stunning beaches. Treat yourself to delicious seafood and enjoy the relaxed atmosphere of Goa, where you'll make unforgettable memories. Distance: Around 600-700 kilometers depending on the route taken. Places to Visit: Alibaug, Ratnagiri, Ganpatipule, Malvan, Palolem Beach, Dudhsagar Falls. Preferred vehicle for trip: Sedans, SUVs, or motorcycles suitable for highway driving and occasional off-road detours. <cmsannotation type="cmsannotation" annotationid="Golden Triangle (Delhi-Agra-Jaipur): Visit famous landmarks and shop in bustling markets" comment="subhead" text="Golden Triangle (Delhi-Agra-Jaipur): Visit famous landmarks and shop in bustling markets">Golden Triangle (Delhi-Agra-Jaipur): Visit famous landmarks and shop in bustling markets</cmsannotation> <div type="image" title="4" msid="109620442" hostid="261" sizebytes="1172582" caption="&amp;lt;p&amp;gt;Delhi-Agra-Jaipur&amp;lt;/p&amp;gt;"></div>If you want to dive into the culture of North India, the Golden Triangle route is perfect for you! It takes you through the three most culturally vibrant cities. Check out the amazing Taj Mahal in Agra, stroll around lively streets in Delhi, and soak up the royal vibes of Jaipur. You'll see everything from busy markets in Old Delhi to grand forts in Rajasthan, giving you a taste of India's rich history, culture, and stunning architecture. Distance: Approximately 600-700 kilometres round trip from Delhi. Places to Visit: Delhi (Red Fort, Jama Masjid), Agra (Taj Mahal, Agra Fort), Jaipur (Amber Fort, Hawa Mahal). Preferred vehicle for trip: Sedans, SUVs, or motorcycles suitable for highway driving and urban navigation. <cmsannotation type="cmsannotation" annotationid="Bangalore to Coorg: Dive into coffee plantations and lush forests" comment="subhead" text="Bangalore to Coorg: Dive into coffee plantations and lush forests">Bangalore to Coorg: Dive into coffee plantations and lush forests</cmsannotation> <div type="image" title="5" msid="109620458" hostid="261" sizebytes="1438445" caption="&amp;lt;p&amp;gt;Bangalore to Coorg&amp;lt;/p&amp;gt;"></div>Exploring from Bangalore to Coorg on a road trip is a real treat for nature lovers! Coorg, one of the top hill stations in the South, is situated in the Western Ghats, offering breathtaking views of the surrounding landscapes. As you drive, you'll pass through picturesque coffee plantations, where you can take in the fresh mountain air and marvel at stunning waterfalls like Abbey Falls and Iruppu Falls. Make sure to savour the aromatic Coorg coffee, take leisurely walks through the lush forests, and soak up the serene beauty of this charming hill station. Distance: Around 250 kilometres one way from Bangalore to Madikeri. Places to Visit: Madikeri, Abbey Falls, Raja's Seat, Namdroling Monastery, Talakaveri. Preferred vehicle for trip: Sedans or SUVs for comfortable highway driving and navigating hilly terrain. <cmsannotation type="cmsannotation" annotationid="Kolkata to Sundarbans: Spot tigers and explore mangrove forests" comment="subhead" text="Kolkata to Sundarbans: Spot tigers and explore mangrove forests">Kolkata to Sundarbans: Spot tigers and explore mangrove forests</cmsannotation> <div type="image" title="6" msid="109620488" hostid="261" sizebytes="1561096" caption="&amp;lt;p&amp;gt;Kolkata to Sundarbans&amp;lt;/p&amp;gt;"></div>Cruise along the tranquil waters of the Ganges, spot majestic Royal Bengal tigers and explore the mysterious mangrove forests. Dive into the rich culture of the Sundarbans' fishing communities, and learn about conservation efforts in this UNESCO World Heritage Site, making memories in the untamed beauty of nature. Distance: Approximately 100-150 kilometres one way from Kolkata to Sundarbans. Places to Visit: Sundarbans National Park, Sajnekhali Bird Sanctuary, Sudhanyakhali Watch Tower. Preferred vehicle for trip: SUVs or motorcycles for navigating rural roads and occasional off-road tracks. <cmsannotation type="cmsannotation" annotationid="Chennai to Pondicherry: Chill on beaches and try French food" comment="subhead" text="Chennai to Pondicherry: Chill on beaches and try French food">Chennai to Pondicherry: Chill on beaches and try French food</cmsannotation> <div type="image" title="7" msid="109620503" hostid="261" sizebytes="1982933" caption="&amp;lt;p&amp;gt;Chennai to Pondicherry&amp;lt;/p&amp;gt;"></div>This road trip is one of India's best because the journey itself is full of memories and experiences, even more than the destination. Along the way, you'll see amazing beaches in Southern India and can stop for some fresh coconut whenever you want. The East Coast Road is in great shape for driving or riding. Once you're there, enjoy the relaxed atmosphere of Pondicherry, check out the spiritual community of Auroville, and just chill in the calm vibes of this coastal town. Distance: Around 150 kilometres one way from Chennai to Pondicherry. Places to Visit: Auroville, Promenade Beach, Aurobindo Ashram, Matrimandir. Preferred vehicle for trip: Sedans or SUVs for comfortable highway driving. <cmsannotation type="cmsannotation" annotationid="Ahmedabad to Kutch: See the white desert and enjoy cultural festivals" comment="subhead" text="Ahmedabad to Kutch: See the white desert and enjoy cultural festivals">Ahmedabad to Kutch: See the white desert and enjoy cultural festivals</cmsannotation> <div type="image" title="8" msid="109620534" hostid="261" sizebytes="1222305" caption="&amp;lt;p&amp;gt;Ahmedabad to Kutch&amp;lt;/p&amp;gt;"></div>Travelling on Ahmedabad to Kutch be prepared to be mesmerised by the surreal beauty of the Rann of Kutch. Feast your eyes on the expansive white desert and experience the vibrant culture of the Kutchi people. Dive into the excitement of the Rann Utsav festivities, where you'll immerse yourself in music, dance, and tradition. Don't miss the breathtaking sunsets painting the horizon, providing the perfect backdrop for creating cherished memories in this one-of-a-kind landscape. Distance: Typically around 600-700 kilometres round trip from Ahmedabad. Places to Visit: Rann of Kutch, Bhuj, Mandvi Beach, Kutch Museum. Preferred vehicle for trip: SUVs or motorcycles capable of handling long-distance travel and occasional off-road conditions. <cmsannotation type="cmsannotation" annotationid="Shillong to Cherrapunji: Hike to waterfalls and see living root bridges" comment="subhead" text="Shillong to Cherrapunji: Hike to waterfalls and see living root bridges">Shillong to Cherrapunji: Hike to waterfalls and see living root bridges</cmsannotation> <div type="image" title="9" msid="109620571" hostid="261" sizebytes="1349550" caption="&amp;lt;p&amp;gt;Shillong to Cherrapunji&amp;lt;/p&amp;gt;"></div>Drive through the scenic wonders of Meghalaya from Shillong to Cherrapunji! Drive past lush green hills, chase cascading waterfalls like Nohkalikai and Seven Sisters, and trek to marvel at living root bridges hidden in the dense forests. Experience the warm hospitality of Northeast India and immerse yourself in the natural beauty of this enchanting region. Distance: Approximately 50 kilometres one way from Shillong to Cherrapunji. Places to Visit: Nohkalikai Falls, Seven Sisters Falls, Mawsmai Cave, Living Root Bridges. Preferred vehicle for trip: SUVs or motorcycles for navigating hilly terrain and occasional rough roads. <cmsannotation type="cmsannotation" annotationid="Delhi to Rishikesh: Relax by the Ganges and do yoga in the Himalayas" comment="subhead" text="Delhi to Rishikesh: Relax by the Ganges and do yoga in the Himalayas">Delhi to Rishikesh: Relax by the Ganges and do yoga in the Himalayas</cmsannotation> <div type="image" title="10" msid="109620586" hostid="261" sizebytes="2499024" caption="&amp;lt;p&amp;gt;Delhi to Rishikesh&amp;lt;/p&amp;gt;"></div>If you're after a quick, adventurous trip that's family-friendly, Delhi to Rishikesh is the way to go! Start your spiritual journey from Delhi to Rishikesh. Follow the winding roads alongside the sacred Ganges River, visit ancient temples and peaceful ashrams, and recharge your spirit with yoga and meditation. Experience the calming atmosphere of Rishikesh located in the Himalayan foothills, and set off on a journey to discover more about yourself surrounded by the peaceful beauty of nature. Distance: Around 250 kilometres one way from Delhi to Rishikesh. Places to Visit: Triveni Ghat, Laxman Jhula, Ram Jhula, Beatles Ashram. Preferred vehicle for trip: Sedans, SUVs, or motorcycles suitable for highway driving and occasional off-road conditions. Before hitting the road, ensure your vehicle is in good condition, carry essential supplies, and plan your itinerary to make the most of your adventure. So, pack your bags, fuel up your car, and get ready for an epic road trip across Incredible India in 2024! <cmsannotation type="cmsannotation" annotationid="Frequently Asked Questions" comment="subhead" text="Frequently Asked Questions">Frequently Asked Questions</cmsannotation> 1. is it safe to go on a road trip in India? Generally, <keyword id="3288322" type="General" weightage="20" keywordseo="Road-trips-in-India" source="Orion">road trips in India</keyword> are safe, but it's essential to take necessary precautions like ensuring your vehicle is in good condition, driving defensively, and being mindful of road conditions and traffic rules. 2. What is the best time for a road trip in India? The best time for a road trip in India depends on the destination. For instance, the summer months (April to June) are ideal for hill stations like Shimla or Manali, while winter (October to February) is perfect for exploring Rajasthan or Gujarat. 3. What should I pack for a road trip in India? Essentials for a road trip in India include valid documents (driver's license, vehicle registration), spare tire and tools, first aid kit, snacks and water, navigation aids (maps or GPS), emergency contact numbers, and appropriate clothing and footwear. 4. How can I ensure a memorable road trip experience in India? To make the most of your road trip experience in India, plan your route, research attractions along the way, embrace spontaneity, interact with locals to learn about the culture, try local cuisines, and most importantly, stay flexible and enjoy the journey as much as the destination. 5. What are the accommodation options available during road trips in India? Accommodation options during road trips in India vary from budget guesthouses and roadside motels to luxury resorts and camping sites. It's advisable to book accommodations in advance, especially during peak tourist seasons or in remote areas. SEE ALSO: <a href="https://www.businessinsider.in/travel/india/scenic-road-trips-in-india-during-monsoon/slidelist/101542343.cms" data-type="tilCustomLink" target="_blank">Scenic road trips in India during Monsoon</a>

10 Ultimate road trip routes in India for 2024

India's <keyword id="20884491" type="General" weightage="20" keywordseo="cement-industry" source="keywords">cement industry</keyword> is heating up faster than a kiln! If one’s tracking the sector, the war-like situation between the existing and emerging cement giants is pretty evident. For the uninitiated, Aditya Birla Group-backed <keyword id="19963567" type="General" weightage="100" keywordseo="Ultratech-Cement" source="keywords" meta.keywordsubtype="org" meta.entityname="Ultratech Cement" meta.hostid="261" meta.entityid="Ultratech Cement">Ultratech Cement</keyword> and <keyword id="19955648" type="General" weightage="20" keywordseo="Adani-Group" source="keywords">Adani Group</keyword> have been at loggerheads for increased market share in recent years. And now, JSW Cement also seems to be gearing up to challenge the potential duopoly. As conglomerates aggressively acquire smaller players to achieve market domination, the cement industry in India right now resembles an eighteenth-century battlefield. The battle has significantly escalated this year, but this trend of acquiring regional cement companies can be traced back to 2018 when Ultratech acquired Binani Cement. Since then, both Adani Group and Birla Group have been capturing checkposts all over India, one by one. Ultratech acquired Binani Cement to strengthen its base in the western region and this week, India Cement, for the southern states. Adani has also acquired the Hyderabad-based Penna Cement this year, after acquiring majority stakes in Ambuja Cements and ACC in 2022. But why the obsession with cement? <h2>Why are the Titans clashing for…cement?</h2>India's infrastructure boom is in full swing, and whoever controls the cement supply holds the key to this construction kingdom. Adani Group has been known to follow an acquire &amp; dominate strategy for capturing market segments. <keyword id="19907441" type="General" weightage="20" keywordseo="Aditya-Birla-Group" source="keywords">Aditya Birla Group</keyword>, however, has dominated the cement industry in India through Ultratech for a while now. The answer to the above question may simply lie in establishing the leadership moat for themselves. With even-growing public and private spending on infrastructure, both players want to capture the majority share to dominate the supplies of cement, which is essential for construction. <h2>Where is the sector heading?</h2>While both Adani and Aditya Birla groups have locked horns to acquire CK Birla’s Orient Cement for a while now, a new hurdle threatens their dominance. As per an Economic Times report, Sajjan Jindal-led JSW Cement has now started to evaluate the acquisition of the promoter stake in Orient Cement. As an emerging front, JSW Cement also aims to reach 50 MT per annum by 2030. However, two other major players, Shree Cement and Dalmia Bharat, already have 53 MTPA and 43 MTPA capacity. <div type="image" title="Birla Vs Adani" msid="112196675" hostid="261" sizebytes="284160" caption="&amp;lt;p&amp;gt;Look back at major acquisitions in the cement sector&amp;lt;/p&amp;gt;"></div> However, with over a dozen acquisitions over the last decade, both Ultratech and Adani Group are by far the largest players in the sector eyeing over 200 MT per annum by 2030. <h2>What about the prices?</h2>Will consumers benefit from this cutthroat competition to industry domination? In the short term at least, yes! While lower prices might sound appealing, it's essential to keep an eye on quality as consolidation in the manufacturing sector is always tricky. We don't want to end up with buildings crumbling like cookies. And let's not forget about the little guys. This consolidation of power into a few mega-corporations could squeeze out smaller players, reducing competition and potentially leading to higher prices in the long run. <h2>I think I’ve seen this film before….</h2>The current atmosphere of the cement industry feels reminiscent of what happened in the telecom industry in India in 2016 i.e. the infamous tussle of tariffs. As Reliance Industries launched Jio, it disrupted the entire segment and forced other telecom companies to compete on their terms. As a result, the tariffs fell sharply, companies shut and brands merged, but Jio still claims 40% of the market share in India in terms of subscriber count. Moreover, experts feel that the change in power dynamics in both these industries, cement and telecom, have direct ties to the current government’s industrial policy. Government policies seem to favour companies that have acquired a dominant position in distinct sectors of the economy, which in India’s case are led by two of the richest men in Asia — Gautam Adani and Mukesh Ambani. This strategy of adopting ‘<keyword id="1327299" type="General" weightage="20" keywordseo="national-champions" source="Orion">National Champions</keyword>’ is seemingly inspired by South Korea’s <keyword id="4933297" type="General" weightage="20" keywordseo="Chaebols" source="Orion">Chaebols</keyword> and Japan’s Zaibatsu conglomerates that came into existence decades ago. <h2>From corporate drama to k-drama: Chaebols</h2>The term Chaebol might ring a bell if you've watched K-dramas. They are family-owned business conglomerates in South Korea. This business structure originated in the 1960s and got so popular that it made its way into Korean pop culture. While chaebols have fueled the rapid growth of the Korean economy, concerns about their opaque governance and controlling shareholder interests often deter external investors. Japan’s zaibatsu were also similar financial and industrial conglomerates that were major forces in Japan during World War II. Korea’s Hyundai and Japan’s Mitsubishi are some prime examples of this structure. <h2>Growth of the Goliaths</h2>Viral Acharya, the former Deputy Governor of the RBI, highlights the decade-old trend of the central government achieving economic growth outcomes by working with large conglomerates in part, rather than with state governments. In his conference paper for the Brookings Papers on Economic Activity in March 2023, he demonstrates this pattern with examples from multiple sectors. “By way of specific examples, the share of the Top 5 groups by sales in Civil Engineering and Construction rose from 31% in 2016 to 42% in 2021, in Telecommunications from 65% to over 84%, and in the Retail trade sector from under 44% to over 65%. Similarly, the share of Top-5 groups by Assets rose sharply by 2021 to 68% in the Manufacturing of Basic Metals, 26% in the Manufacturing of Chemicals, 90% in the Manufacturing of Refined Petroleum and Coke, and 47% in the Manufacturing of Non-metallic Mineral Products (including cement and other building materials),” writes Acharya. While this strategy of ‘National Champions’ has benefitted the telecom sector, it has its caveats. The acceleration in the growth may lead to an oligopolistic economy, thereby restricting the entry of new players and stifling innovation. Additionally, a multi-dimensional concentration of power poses the threat of crony capitalism. <h2>National champions: checks and challenges</h2>There’s more to this debate. Arvind Subramanian and Josh Felman, in their paper titled ‘India’s Stalled Rise’ note that the collective impact of this strategy could be more adverse in India, more than anywhere else. They explain that the two big conglomerates — Adani Group and Ambani-led Reliance “have interests that extend throughout the economy, in defence production, ports and airports, energy, natural gas, petroleum, digital platforms, telecommunications, entertainment, media, retail, textiles, financial payments, and education.” Chaebols and Zaibatsu have/had their demerits that range from autocratic decision-making dubbed as ‘imperialistic management’ to the slow inclination of the market towards an oligopolistic structure. However, they weren’t shielded from international competition, nor was this strategy of creating ‘national champions’ shaped using government regulation. They were prevalent in sectors that faced competition internationally, like Hyundai in automobile manufacturing, keeping them in check. The lack of a similar system of checks and balances in India may lead to deeper implications of this strategy of ‘national champions.’ Viral Acharya further notes that they “grew not just at the expense of the smallest firms, but also of the next largest firms” and empirically established a causal link between market power and markups (broadly, profit). At a point when India has seen a monumental shift in infrastructure and looks to capture the market share that China could evacuate, the implications of a tilted policy could prove detrimental. While consolidation can improve performance and catalyse growth, we need to be very careful as a country of the direction we will set ourselves in at this crucial juncture. <h2>Also read:</h2> <div type="Article" hostid="261" msid="112159576" title="India Cement employees to lose jobs after UltraTech acquisition? Chairman Srinivasan answers" mstype="2" mssubtype="0"><payload><![CDATA[seealso]]></payload></div> <div type="Article" hostid="261" msid="112163130" title="Ambuja Cements Q1FY25 profit at Rs 789.63 crore; revenue at Rs 8,311.48 crore" mstype="2" mssubtype="0"><payload><![CDATA[seealso]]></payload></div>

You Searched For "Southern India" and got 8 results

India to witness a rare and mesmerising DOUBLE meteor shower on July 30!

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