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Reliance tops Hurun list of India's most valuable family businesses
The 300 families on the list paid ₹1.8 trillion in taxes in FY25, accounting for 15 per cent of India's corporate tax collections. Together, they are worth ₹134 trillion — more than the combined GDP of Turkey and Finland — and generated ₹7,100 crore in value daily.
Around 120 families, spanning Arvind's denim, Bharat Forge's truck axles, and Meril's medical devices, risk billions in export revenue over the next year amid US tariffs.
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The Hindu
3 hours ago
- The Hindu
PM to inaugurate projects worth ₹11,000 crore to boost Delhi's connectivity today
Prime Minister Narendra Modi will inaugurate two major national highway projects worth ₹11,000 crore in Rohini on Sunday. The projects — the Urban Extension Road-II (UER-II) and the Delhi section of the Dwarka Expressway — aim to decongest the Capital and improve connectivity, the Prime Minister's Office said in a statement. Chief Minister Rekha Gupta termed UER-II a 'historic gift' for the city and said that it would not only move Delhi closer to becoming traffic-free but also strengthen connectivity across the National Capital Region. Ms. Gupta inspected the venue in Rohini Sector 37, where the inauguration is scheduled to take place. She said the UER-II would reduce the travel time from the Singhu border, which connects Delhi with Haryana, to the IGI Airport from two hours to around 40 minutes. Meanwhile, the Congress hit out at the BJP-led Centre over the 'high' toll tax on the UER-II. Delhi Congress spokesperson Naresh Kumar claimed that the toll tax in Delhi is higher than in the neighbouring States of Haryana and Uttar Pradesh. He demanded a reduction of toll charges by at least 50%.
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First Post
4 hours ago
- First Post
ISL clubs sound alarm to AIFF of facing 'real possibility of shutting down entirely' due to ongoing crisis
A total of 11 Indian Super League clubs, including former champions Mumbai City FC and Bengaluru FC, signed a letter to AIFF president Kalyan Chaubey which urged the national federation to quickly resolve the ongoing impasse over the league's Master Rights Agreement with the Football Sports Development Limited. The 2025-26 season of the Indian Super League, India's top-flight competition since 2019, could be called off entirely if the Kalyan Chaubey-led AIFF is not able to arrive at an agreement with the FSDL over the league's rights agreement soon. PTI The crisis that Indian football currently finds itself mired in threatens to take an even darker turn in the coming days, with eleven Indian Super League (ISL) clubs warning the All India Football Federation (AIFF) that they face 'the real possibility of shutting down entirely'. That is unless the AIFF is able to end its ongoing deadlock with the Football Sports Development Limited (FSDL) over the ISL's Master Rights Agreement (MRA) soon. STORY CONTINUES BELOW THIS AD The clubs wrote a letter to AIFF president Kalyan Chaubey on Friday in which they added that the impasse between the national federation and ISL organisers FSDL over the non-renewal of the MRA has 'paralysed professional football in India'. More from Football 'Over past 11 years, through sustained investment and coordinated effort, clubs have built youth development systems, training infrastructure, community outreach programmes, and professional teams that have elevated India's footballing credibility both domestically and internationally,' read the letter from the 11 clubs. 'This progress is now in imminent danger of collapse. The current standstill has created immediate and severe consequences. With operations suspended and no certainty on league continuity, several clubs face the real possibility of shutting down entirely.' The crisis surfaced after FSDL, the ISL organisers as well as AIFF's commercial partner, put the 2025-26 season 'on hold' on July 11 due to uncertainty over the renewal of the MRA, prompting at least three clubs to either pause first-team operations or suspend player and staff salaries. 'The 2025-26 ISL season is at risk of not taking place at all. This is not merely an administrative deadlock – it is an existential crisis for Indian football. We write to you in the gravest of circumstances,' the clubs wrote. 'The trust painstakingly built with fans, sponsors, investors, international footballing bodies over the past decade will be irreparably damaged if the league remains in limbo.' STORY CONTINUES BELOW THIS AD Mohun Bagan, East Bengal decide against signing letter to AIFF The letter was signed by Bengaluru FC, Hyderabad FC, Odisha FC, Chennaiyin FC, Jamshedpur FC, FC Goa, Kerala Blasters FC, Punjab FC, NorthEast United FC, Mumbai City FC and Mohammedan Sporting. Kolkata heavyweights Mohun Bagan Super Giant and East Bengal did not the sign the letter. Detailing the risk of club closures and livelihood loss, the letter said, 'More than 2000 direct livelihoods – players, coaches, medical staff, analysts, kit managers, groundsmen, administrative staff – hang in the balance, alongside countless indirect livelihoods dependent on the league. 'Clubs face a season where revenue from tickets, merchandise and other avenues will be reduced to zero. Potential sponsors have already started backing out, looking at the scenario that the ISL is in. 'This is a huge financial blow that clubs will not recover from this year and it will affect payout of salaries to players and staff in the immediate future, besides making several stakeholders contemplate a complete and permanent shut-down of their respective clubs.' The clubs said the impasse will also impact India's readiness for international matches, saying 'without a functioning league, our national team will be severely disadvantaged in upcoming AFC and FIFA tournaments'. Why Indian clubs could face ban in continental events They also said that without the ISL, they will not be able to play a minimum number of competitive matches for participation in continental competitions, thereby risking suspension of Indian clubs from AFC tournaments. 'The Asian Football Confederation (AFC) mandates a minimum number of competitive matches for participation in continental competitions. Without ISL, this requirement cannot be met, putting India at risk of suspension from all AFC and FIFA tournaments,' the clubs said. STORY CONTINUES BELOW THIS AD 'FIFPRO, the global players' union, has already apprised FIFA of the situation, increasing the likelihood of external scrutiny and possible sanctions.' Also Read | On Thursday, the AIFF had agreed to mention the raging issue concerning the ISL on Monday. The apex court has reserved its judgement in the case relating to the draft constitution of the AIFF. The decision to apprise the SC of the crisis situation was taken after a . In fact, a reliable source said that the AIFF is willing to file a written application if the Supreme Court asks for one. 'We fully appreciate that related matters are before the Hon'ble Supreme Court. However, from the record of recent hearings, it appears that the immediacy and scale of the crisis have not been clearly conveyed to the Hon'ble Court,' the clubs said. STORY CONTINUES BELOW THIS AD 'The human cost, the threat of clubs folding, the risk of losing our place in AFC/FIFA competitions, and the reputational harm to India's footballing image demand urgent action on our part. 'We therefore respectfully request the AIFF, as the regulator of Indian football, to urgently mention this matter before the Hon'ble Supreme Court on Monday, 18 August 2025, and to append this letter to present the unified concerns of all ISL clubs before the Hon'ble Court.' The clubs said they are ready to support the AIFF in the case through their counsels though they are not parties to the proceedings before the SC. 'Immediate collective action is the only way to preserve Indian football's future, safeguard livelihoods, and protect the country's standing in the global football community. We remain committed to working alongside the AIFF to achieve a resolution.' With PTI inputs
India.com
5 hours ago
- India.com
BIG challenge for Mukesh Ambani Jio, Mittal's Airtel as BSNL rolls out Fiber Ruby plan; offers 1Gbps speed, 9500 GB data, free OTTs at just Rs...
(File) BSNL Fiber Plans: In a major challenge for private telecom majors, including Mukesh Ambani-led Reliance Jio and Sunil Mittal-owned Bharti Airtel, BSNL has rolled out a pocket-friendly plan for fiber broadband user on the occasion of India's 79th Independence Day, offering 9500 GB monthly data at a blazing 1 Gbps speeds, along with free subscription to popular OTT platforms like JioHotstar, SonyLIV, Hungama, and Lionsgate Play. What is BSNL's Fiber Ruby OTT plan? BSNL's Fiber Ruby OTT plan, which can be availed by users for 1 month, 6 months, 12 months, and 24 months– is also offering a flat Rs 1,000 discount on new BSNL broadband connections. The plan can be availed till September 13, 2025, according to an official release shared by BSNL on its X handle. As per details, BSNL is offering 9500 GB high speed data at 1Gbps speeds after which speed will be capped at 45Mbps. Users will also get free subscriptions to 23 popular OTT apps, including JioHotstar, LionsGate, Shemaroo, Hungama, SonyLIV, EpicOn. Additionally, the plan offers unlimited calling to any network across India, while international calls will be charged at 1.20 per minute. The plan can be availed for Rs 4,799 for 1 month, Rs 28,794 for 6 months, Rs 57,588 for 12 months, and Rs 1,15,176 for 24 months with up to Rs 1000 discount for new connections. Additionally, BSNL is offering one month free on a 12-month subscription, and 3 months on the 24-month plan. How BSNL is posing major challenge to Jio, Airtel? Notably, BSNL has lately emerged as a strong competitor to private telecom majors, including Sunil Mittal's Bharti Airtel, and Mukesh Ambani-led Reliance Jio — India's largest private provider, and has launched a wide range of competitive BSNL broadband plans to compete with Jio Fiber and Airtel Xstream broadband services. The state-owned telecom provider has witnessed a resurgence of late, reaching several milestones such as adding over 65 lakh new subscribers to its expanding network in two months at the end last year, according to Department of Telecommunications (DoT). With its competitive pricing, BSNL is now posing a stiff challenge to industry leaders such as Mukesh Ambani-led Reliance Jio and Sunil Mittal's Airtel
