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Gautam Adani now world’s 3rd richest person, overtakes Louis Vuitton chief

This is the first time an Asian person has broken into the top three of the Bloomberg Billionaires Index.

Business conglomerate Adani Group’s chairman Gautam Adani is now the world’s third-richest person after overtaking France’s Bernard Arnault according to Bloomberg Billionaires Index.

With a total net worth of USD 137.4 billion, 60-year-old Adani has surpassed the wealth of Louis Vuitton chairman Arnault and is now just behind business magnate Elon Musk and Jeff Bezos in the ranking.

In the latest Bloomberg Billionaires Index, Reliance chief Mukesh Ambani is at number 11 with a total USD 91.9 billion worth.

This is the first time an Asian person has broken into the top three of the Bloomberg Billionaires Index.

The index is a daily ranking of the world’s richest people. Details about the calculations are provided in the net worth analysis on each billionaire’s profile page. The figures are updated at the close of every trading day in New York.

The net worth of Elon Musk and Jeff Bezos are currently at USD 251 billion and USD 153 billion, respectively.

Adani is a first-generation entrepreneur and the Adani Group comprises of 7 publicly listed entities with businesses spanning energy, ports and logistics, mining and resources, gas, defence and aerospace and airports. In each of its business areas, the Group has established a leadership position in India.

The Adani Group is the third largest conglomerate (after Reliance Industries and the Tata Group) in India.

Listed Adani group companies are Adani Enterprises, Adani Green Energy, Adani Ports and Special Economic Zone, Adani Power, Adani Total Gas, and Adani Transmission.

Over the past 5 years, flagship company Adani Enterprises has invested heavily in new growth sectors that include airports, cement, copper refining, data centres, green hydrogen, petrochemical refining, roads and solar cell manufacturing.

Looking ahead, it plans to foray into the telecom space and has massive plans to grow its green hydrogen and airports businesses.

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Unheralded Tamil short film ‘Shashthi’ wins 25 film festival awards

Featured in 59 film festivals, ‘Shasthi’, which digs into the world of a girl and her journey, has already won 25 awards.

From a career in chartered accountancy to winning accolades in international film festivals, it may seem like a long shot. But producer and director Jude Peter Damian has done just that with ‘Shashthi’, his first short film.

Featured in 59 film festivals, ‘Shasthi’, which digs into the world of a girl and her journey, has already won 25 awards.

As a director, Jude always wanted to make movies projecting “good characters” who can be examples for developing nations and societies.

‘Shashthi’ narrates the interesting tale about Devi, a woman from an economically weaker background, who changes society to the extent that she is equated with ‘Shashthi’, the goddess of children. It is about how ordinary people (particularly women) can do ‘great’ things and about how perceptions change in different circumstances.

While talking about the recognition that the film is receiving constantly, Jude shared: “Right from the time of writing/planning of the film production, I had international film awards in my mind.”

“I’m happy about the recognition from so many international film festivals, but, honestly, I’m slightly disappointed that the film was not able to enter the Academy Awards competition. I hope I’ll be able to make a film in the near future that gets nominated for the competition sections of the Academy Awards and Cannes Festival.”

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Meet Karthik Thulasi, a 24-year-old Indian-origin footballer in La Liga

Karthik Thulasi’s love for the game brought him to play in four different countries in the span of his career.

Karthik Thulasi still remembers knocking the football back and forth in his apartment building. The living room would become his ground, the sofa and coffee table became obstacles, and the table in the corner would become a goalpost.

The now 24-year-old football aspirant standing at the gates of La Liga laughs as he adds, “My mother smacked me on my head for breaking everything from window shields to light bulbs, and shattering even her precious porcelain.”

Born and brought up in the Sultanate of Oman, he aspired to be a professional footballer. His love for the game brought him to play in four different countries in the span of his career. Currently playing for La Liga’s Rayo Vallecano Development Squad, he began like any other football fan, but with a lot more fire!

“The game spellbinds me with the multitude of prospects that lie ahead of me – the need to thrive and achieve still burning deep,” he says.

Karthik studied at Indian School Nizwa, Oman. Besides playing for the school football team, he started his career playing with FC Nizwa, a native football club in the country. Continuing his graduation in Muscat, he was rooted in his passion for the sport and persistently played for several other clubs in Oman. Soon after graduating, he relocated to Kerala and joined training with Gokulam FC.

“I trained with Gokulam (FC) for a while and everything was going fine. I wanted a leap in my career and decided to join Universidad Europea de Madrid, well known as Real Madrid University. The decision opened the door to my all-time dream,” he says.

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India, Tanzania to set up task force to prepare five-year ‘future road map’ on defence cooperation

Union Defence Minister Rajnath Singh met Tanzanian Minister of Defence and National Service Dr. Stergomena Lawrence Tax to discuss a range of issues in New Delhi

India and Tanzania agreed on the formation of a task force to prepare a five-year ‘future road map’ for enhancing defence cooperation between both the countries and to hold the next Joint Defence Cooperation meeting in Tanzania at an early date. This was agreed at the bilateral meeting between Defence Minister Rajnath Singh and the Tanzanian Minister of Defence and National Service Dr. Stergomena Lawrence Tax on Friday.

“A wide range of issues concerning bilateral, regional and defence industrial cooperation were discussed during the meeting. The two Ministers reviewed the existing military-to-military activities and discussed ways to enhance cooperation in all domains with a focus on defence industry cooperation,” a Ministry statement said.

Mr. Singh also invited his Tanzanian counterpart to the ‘India-Africa Defence Dialogue’ and DefExpo which is scheduled to be held in Gandhinagar, Gujarat between October 18 to 22.

Earlier in the day, Ms. Tax visited the National War Memorial and paid homage to the fallen soldiers and later, she was accorded a ceremonial guard of honour.

Dr. Tax would be visiting the Wargaming Development Centre and Information Fusion Centre – Indian Ocean Region before departing for Hyderabad for interaction with Indian defence industries, the statement added.

Badminton | Satwik-Chirag sign off with a maiden bronze medal at World Championships

The Indian duo flattered to deceive as it squandered an opening game advantage to go down 22-20 18-21 16-21

Satwiksairaj Rankireddy and Chirag Shetty signed off with a maiden bronze medal in the men’s doubles competition of the World Championships after going down narrowly to Malaysia’s Aaron Chia and Soh Wooi Yik in the semifinals in Tokyo on Saturday.

The world number 7 Indian pair flattered to deceive as it squandered an opening game advantage to go down 22-20 18-21 16-21 in a pulsating 77-minute clash to bring an end to the Indian challenge at the prestigious tournament.

It was the sixth successive defeat against the Malaysian pair for Satwik and Chirag, who had lost to the same combination at the mixed team final of the Commonwealth Games early this month.

Despite the loss, it was a creditable show by the young Indian pair as it ensured India continued to return with a medal from the World Championships since 2011, the year the country won its first doubles medal with Jwala Gutta and Ashwini Ponnappa returning with a bronze.

Neeraj Chopra makes history, becomes first Indian to win Diamond League

The victory also helped Neeraj Chopra to qualify for the Diamond League finals in Zurich next month.

Olympic champion Neeraj Chopra made athletics history in Lausanne on August 26, 2022 becoming the first Indian to win a Diamond League event.

The 24-year-old javelin thrower who won the silver at the World Championships in the USA last month — also a first for the country — opened with an impressive 89.08m and that turned out to be the winning throw in the end.

The victory also helped Chopra to qualify for the Diamond League finals in Zurich next month.

Chopra qualified for the Diamond League Finals in Zurich on September 7 and 8, and also became the first Indian to do so. Despite the win, he remained on fourth spot with 15 points — with the addition of eight points on Friday. The top six after the Lausanne leg qualify for Zurich Finals.

Indian-origin Twitter VP of engineering departs to join Meta

Sandeep Pandey worked as research scientist at Yahoo, before joining Twitter as staff engineer.

Senior Indian-origin Twitter executive Sandeep Pandey, vice president of engineering, is leaving the Parag Agrawal-led platform after more than a decade to join Meta (formerly Facebook).

According to an Insider report, Pandey, who joined Twitter in 2012, will work on Meta’s artificial intelligence (AI) and machine learning teams.

Pandey led the central machine learning, data science and data platform at Twitter.

Studied at Carnegie Mellon University, he started his career at IBM India Research Lab and Google.

Later, Pandey worked as research scientist at Yahoo, before joining Twitter as staff engineer.

At Twitter, he worked in various capacities, like senior director of engineering, head of revenue science and led the brand and video team, according to his LinkedIn profile.

Twitter has been seeing several high-profile exits after Tesla CEO Elon Musk announced a $44 billion takeover, and then terminated it over the actual number of bots on the platform.

These are Katrina Lane, former VP of Twitter service; Ilya Brown, VP of Health; and Max Schmeiser, head of data science.

Agrawal in May fired consumer product leader Kayvon Beykpour and head of revenue product Bruce Falck, saying there is a hiring freeze now and Twitter will also pause spending in most areas.

Twitter recently laid off 30 per cent of employees from its talent acquisition team.

Twitter paused most hiring and backfills, except for business-critical roles as determined by ‘Staff’ members.

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Youth-led start-up to send 40 satellites to compile space debris data

The race to space has the downside of polluting it. A Bengaluru-based start-up plans to send out a constellation of 40 satellites that will gather data on space junk in the low-earth orbit (LEO).
The satellites that will be launched in early next year will gather information on millions of pieces of debris that litter LEO, which NASA describes as an “orbital space junk yard”.

Digantara, the start-up launched by three young engineers, has taken upon itself the mission to help clean up LEO.

Space junk can reach speeds of up to 18,000 miles per hour, according to NASA. Many of them range from 1 cm to 10 cm in diameter. Most of this orbital debris comprises “human-generated” objects such as parts of spacecraft that have long disintegrated, rocket and satellite components, and very small flecks of paint from spacecraft and whole satellites.

“The ones which are 1 cm in diameter are estimated to be a million. Besides, international space agencies have determined that they are aware of only 4 per cent of objects in space. The data for 96 per cent is still missing,” said Digantara chief operating officer Rahul Rawat, who is only 23 years old.

Digantara, which is incubated at Bengaluru’s Indian Institute of Science, sent out a small satellite, a payload about the “size of a shoe box”, according to the start-up’s CEO Anirudh Sharma, on June 30 this year to gather information on space weather, including radiation, violent storms and other phenomena that can be potentially harsh for spacecraft and burn or fry them.

While this lone satellite has been sending out data to ground sensors, Rawat pointed to Elon Musk’s SpaceX Starlink constellation of 40 of 49 satellites that were “lost in a single blow” when they encountered a gigantic “solar paroxysm” that burned the spacecraft and cost the company $100 million in February 2022.

It is precisely to avoid satellites getting caught up in such “solar outbursts” or other violent geomagnetic incidents that Digantara expects its own satellites – and the information it will send back to its ground sensors – to come to the rescue of space companies with ambitions of sending out satellites.

“We are the only start-up of its kind in India though there are competitors in the US and Canada,” Rawat said, adding the gathered data can help firms that are into remote sensing and insurance where risk analysis reports will be important.

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Double podium finish for India in IBSF World Junior Snooker Championships

Last year, Tamil Nadu’s Ramachandran clinched the first position in the women’s (1st leg) round-robin league of the GSC World Snooker Qualifiers.

India’s Anupama Ramachandran and Keerthana Pandian won the silver and bronze medals respectively in the U-21 Women’s event at the IBSF World Junior Snooker Championships in Bucharest, Romania.

Ramachandran lost to Thailand’s Panchaya Channoi 1-4 in the summit clash on Tuesday.

The 20-year-old Pandian also went down Channoi 0-3, settling for a bronze.

The Sports Authority of India (SAI) congratulated the cueists for their achievements.

“Many Congratulations Champs!! Well Done,” the SAI tweeted.

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Record 130-plus Indian-Americans at key positions in Biden administration

U.S. President Biden shattered the record of his predecessor Donald Trump, who had appointed more than 80 Indian-Americans

U.S. President Joe Biden has appointed more than 130 Indian-Americans to key positions in his administration so far, the best representation from the community that makes up around one per cent of the American population.

In doing so he has not only fulfilled his promise to the community that he had made as a presidential candidate in 2020, but also shattered the record of his predecessor Donald Trump, who had appointed more than 80 Indian-Americans and his previous boss Barack Obama, who had appointed over 60 Indian-Americans to key positions during his eight years of presidency.

More than 40 Indian-Americans has been elected at various state and federal levels including four in the U.S. House of Representatives. Not to miss the more than 20 Indian-Americans leading top U.S. companies.

While the first-ever presidential appointment was done during the time of Ronald Regan, this time Mr. Biden has appointed Indian-Americans to almost all departments and agencies of his administration.

“Indian-Americans have been imbued with the sense of seva (service) and this is reflected in their enthusiasm to pursue positions in public service instead of the private sector,” Silicon Valley-based entrepreneur, philanthropist and venture capitalist M. R. Rangaswami told PTI.

“The Biden administration has now appointed or nominated the largest group to date and needless to say we are proud of our people and their accomplishments for the United States,” Mr. Rangaswami said. Mr. Rangaswami is founder and head of Indiaspora, a U.S.-based global organization for Indian-origin leaders. Indiaspora keeps a track of Indian-origin leaders.

Mr. Biden, who has maintained a close relationship with the community since his Senator days, often jokes around about his Indian relationship. He made history in 2020 by selecting Indian-origin Kamala Harris as his running mate.

The list of Indian-Americans in the White House as compiled by Indiaspora reflects that there would be only a few meetings inside the White House or in Mr. Biden’s Oval Office that would not have an Indian-American presence.

His speech writer is Vinay Reddy, while his main advisor on COVID-19 is Dr. Ashish Jha, his advisor on climate policy is Sonia Aggarwal, special assistant on criminal justice is Chiraag Bains, Kiran Ahuja heads the Office of Personnel Management, Neera Tanden is his senior advisor, and Rahul Gupta is his drug czar.

Last week when India’s Ambassador to the U.S., Taranjit Singh Sandhu, hosted a reception at India House on the occasion of Independence Day, Indian-Americans from his administration were representing almost all major branches of the U.S. government.

Young Vedant Patel is now the Deputy Spokesperson at the Department of State, while Garima Verma is the Digital Director in the Office of the First Lady. Mr. Biden has also nominated several Indian-Americans to key ambassadorial positions.

According to the list prepared by Indiaspora, more than 40 Indian-Americans have been elected to various offices across the country. Four are in the House of Representatives — Dr. Ami Bera, Ro Khanna, Raja Krishnamoorthi and Pramila Jayapal. This includes four Mayors.

Led by Indian-Americans Sunder Pichai of Google and Satya Nadella of Microsoft, there are over two dozen Indian-Americans heading U.S. companies. Among others include Shantanu Narayen of Adobe, Vivek Lall of General Atomics, Punit Renjen of Deloitte, Raj Subramaniam of FedEx.