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Time of India
an hour ago
- Business
- Time of India
"If not for India, we would have gone default": Former Maldives President Nasheed praises India's support ahead of PM Modi's visit
Former Maldives President Mohamed Nasheed has credited India with helping his country avoid economic collapse during its worst financial crisis in recent times. Talking about Prime Minister Narendra Modi's visit to the Maldives, Nasheed said India's timely assistance prevented the Maldives from defaulting on its debt. "If not for India, we would have gone default," Nasheed told in an exclusive conversation ahead of PM Modi 's two-day trip to attend the Maldives' 60th Independence Day celebrations. Explore courses from Top Institutes in Please select course: Select a Course Category Project Management MCA Operations Management Cybersecurity Digital Marketing Public Policy healthcare Degree PGDM Data Science Leadership Product Management Data Analytics Management others CXO MBA Data Science Technology Finance Others Healthcare Artificial Intelligence Design Thinking Skills you'll gain: Project Planning & Governance Agile Software Development Practices Project Management Tools & Software Techniques Scrum Framework Duration: 12 Weeks Indian School of Business Certificate Programme in IT Project Management Starts on Jun 20, 2024 Get Details Skills you'll gain: Portfolio Management Project Planning & Risk Analysis Strategic Project/Portfolio Selection Adaptive & Agile Project Management Duration: 6 Months IIT Delhi Certificate Programme in Project Management Starts on May 30, 2024 Get Details He said India's financial help during challenging times had played a critical role in maintaining the island nation's economic stability. "Indian assistance and partnership in the Maldives are deeply valued and have played a critical role during our challenging times. With mounting financial difficulties and substantial debt repayment obligations for the Maldives, India's timely support has helped us avoid default and maintain economic stability," he said. Nasheed noted that the economic partnership is more than just financial aid it is built on trust and regional solidarity. Live Events "This kind of partnership reinforces resilience and fosters trust between neighbouring nations," Nasheed added. Speaking about the foreign policy direction of the Maldives, Nasheed stressed that the country has always leaned towards India, but has often swung between India and China depending on election cycles. "We have always maintained an India-first foreign policy in the Maldives. But in the past, election cycles have sometimes caused our foreign policy to swing between a strong pro-China stance and a strong pro-India stance," said Nasheed. He added that democracy in the Maldives now allows for a more stable and consistent foreign policy approach. "Today, unlike before, across the spectrum of Maldivian politics, the approach is firmly India-first," he said. Nasheed said PM Modi's visit is a reaffirmation of India's strategic interest in the Maldives, given its crucial location in the Indian Ocean. "Maldives is positioned across some of the most navigable waters of the region of the Indian Ocean. Maldives stretches 1,000 kilometres from north to south and another 600 kilometres from east to west. Prime Minister Modi's visit to the Maldives reaffirms the strategic importance India places on its long-standing relationship with us. We welcome this engagement, as it contributes meaningfully to our national stability and opens up new avenues for shared prosperity," he said. On defence, Nasheed highlighted that the Maldives has always worked closely with India to enhance security in the region. "Ensuring the safety, security, and stability of the Indian Ocean region requires this robust defence cooperation between India and Maldives. This partnership is not just desirable it is essential," he added. He added that both countries have a shared responsibility in guarding maritime routes, improving disaster response, and protecting the marine environment. Praising India 's rapid economic growth, Nasheed said India's rise is not isolated and is based on shared development. "India is rapidly ascending as one of the world's leading economies, with its GDP now over \$4 trillion. We have long understood that prosperity in India does not come at the expense of its neighbours. It is not in the instinct of Indian society to grow in isolation. They want to do it together. We understand that," he said. He added that India's Neighbourhood First policy provides the Maldives with vital opportunities to integrate with its dynamic economic trajectory. "This regional approach has tangible outcomes. Tourist arrivals from India to our high-end resorts of the Maldives have expanded markedly. It has grown up very rapidly, reflecting the strength of our bilateral ties and our shared vision for development," he said. Nasheed called for a structured trade agreement between the two countries, particularly highlighting the demand for Maldivian fish in Indian markets. "Uninterrupted trade always brings mutual benefit. Maldivian fish enjoys high demand in Indian markets, reflecting not only the quality of our export but also the growing depth of our commercial ties," he said. He added that a formal trade agreement would provide structure and predictability, making it easier for both sides to maximise the economic potential of the partnership. "Beyond fish exports, such agreements could open pathways for cooperation in shipping, logistics, and sustainable marine practices sectors where both countries share interests and capabilities," he said. He further explained that economic integration should be seen not just as a transactional process, but as a foundation for shared growth. "A well-framed trade framework would bolster food security, diversify market access, and deepen trust -- aligning closely with the wider regional vision set out by India's Neighbourhood First policy and the Maldives' development goals. I think the trade agreement would be a win-win for both countries," he said. Nasheed also said PM Modi's visit will give a push to tourism from India, especially to the northern Maldives. "When relations are strong, everyone benefits. I believe that the Prime Minister's visit will further boost Indian tourist arrivals to the Maldives," he said. He mentioned that the Hanimadu Airport project, built with Indian credit support, is nearing completion and will soon connect southern Indian cities more easily with northern Maldives. "Hanimadu Airport would be just a little over an hour from most of the southern Indian cities. There is big opportunity for both countries to benefit," he added. PM Modi will travel to the Maldives from July 25-26. PM Modi will be the guest of honor at the Maldives' 60th Independence Day celebrations. He will hold talks with President Mohamed Muizzu to strengthen bilateral ties and review progress on the India-Maldives Joint Vision for a Comprehensive Economic and Maritime Security Partnership. The visit aims to reset and enhance India-Maldives relations, which had been strained in the recent past.
India.com
an hour ago
- Business
- India.com
No inheritance, no support, how this IITian from a middle class family build a company worth Rs 4,500 crore company, his name is..., business is...
No inheritance, no support, how this IITian from a middle class family build a company worth Rs 4,500 crore company, his name is..., business is... Many people think that to become really successful, you need a big name, lots of money, or special privileges. But Sameer Maheshwari's story shows that this is not always true. He is the founder and CEO of HealthKart, and his journey proves that hard work and staying grounded matter more than anything else. Even though Sameer studied at top places like IIT Delhi and Harvard Business School, his real strength came from growing up in a simple middle-class home in India. He did not inherit any wealth but he built everything on his own. Today, Sameer has built a company worth around Rs. 4,500 crore. But even with all this success, he never forgot where he came from. Staying true to his roots became his biggest strength. Let's take a look at the inspiring journey of Sameer Maheshwari and how he achieved such big success. Who is Sameer Maheshwari? Sameer Maheshwari lives in Gurugram and started HealthKart in 2011. By November 2024, his company had grown to be worth around Rs. 4,500 crore (about USD 500 million). In a recent post on LinkedIn, Sameer shared a bit about his early life. He said he grew up in a home where nothing came for free, everything had to be earned. There was no inherited money, no financial backup. This meant he always felt the pressure to do well, because failure wasn't an option as there was no safety net to fall back on. But instead of becoming negative about this, Sameer used it as a strength. It taught him how to keep going, stay strong, and make his own path. He says that this real-life experience is what pushed him to become an entrepreneur and start something of his own. When Sameer Maheshwari was a boy, even getting a cricket bat wasn't easy. He could buy it only after proving himself in one match after another. Since then, he has believed that anything worth having must be earned. Sameer says five lessons from his childhood still guide him every day: Respect every rupee. Spend wisely and make each coin count. Know the difference between needs and wants. Fancy things are nice surprises, not automatic rights. Save first, spend later. Live within your means and plan for tomorrow. Be grateful. Focus on what you have instead of chasing what you don't. Use comparisons as fuel, not fear. Let other people's success motivate you, not make you feel small. Even now, with plenty of money, Sameer still acts like the middle‑class kid he once was. He hesitates before buying pricey shoes and checks three or four websites to find the best deal. For him, that habit is less about rupees and more about his inner 'middle‑class operating system.' It keeps him grounded, thrifty, and self‑reliant.
Time of India
3 hours ago
- Business
- Time of India
Gold ETF has beaten Nifty ETF 7 times in 10 years. How to invest now?
Gold commodity based ETFs have outperformed Nifty50 ETF around 70% of the times in the last 10 years, an analysis by ETMutualFunds showed. In other words, Since calendar year 2016 to 2025 so far, gold ETFs have outperformed Nifty50 based ETFs seven out of 10 times. For the analysis, we considered the average return of all Nifty50 based ETFs in the last 10 calendar years and gold based ETFs in the same period separately. Explore courses from Top Institutes in Please select course: Select a Course Category Project Management Data Science Data Analytics others Others Artificial Intelligence Degree Management CXO PGDM Public Policy Cybersecurity healthcare Design Thinking Operations Management Product Management Finance Technology Healthcare Digital Marketing MBA MCA Data Science Leadership Skills you'll gain: Portfolio Management Project Planning & Risk Analysis Strategic Project/Portfolio Selection Adaptive & Agile Project Management Duration: 6 Months IIT Delhi Certificate Programme in Project Management Starts on May 30, 2024 Get Details Skills you'll gain: Project Planning & Governance Agile Software Development Practices Project Management Tools & Software Techniques Scrum Framework Duration: 12 Weeks Indian School of Business Certificate Programme in IT Project Management Starts on Jun 20, 2024 Get Details A deep dive into the data showed that from 2016 to 2025 so far, gold ETFs have outperformed Nifty50 ETFs in 2016, 2018, 2019, 2020, 2022, 2024 and 2025 so far. In calendar year 2016 where Nifty50 ETFs gave an average return of 3.31%, Gold ETFs gave an average return of 10.47%. Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » Also Read | Confused between gold and silver? Why not leave it for fund manager to decide Similarly in 2018, 2019, and 2020 gold ETFs gave 7.02%, 22.94%, and 26.24% average returns respectively against an average return of 4.28%, 13.34%, and 15.73% in the same time period respectively. Live Events In 2022, gold ETFs gave 14.10% average return compared to an average return of 5.53% by Nifty50 ETFs. In 2024, gold based ETFs gave an average return of 18.49% against an average return of 9.98% by Nifty50 ETFs. On the contrary, in 2017, Nifty50 ETFs outshined by delivering an average return of 28.12% against an average return of 2.74% by gold ETFs. On one side where gold ETFs lost 4.48%, Nifty50 ETFs gave 23.72% average return. With gold ETFs outperforming Nifty50 ETFs in the current calendar year so far, Riya Singh, Research Analyst, Commodities and Currency at Emkay Global Financial Services said that Gold prices remained firm above $3,350/oz last week, reflecting a cautious yet supportive macro backdrop shaped by dovish commentary from key Federal Reserve officials, heightened geopolitical uncertainty, and tariff-driven inflation concerns. Fed Governor Christopher Waller reiterated his preference for a July rate cut to cushion economic risks, reinforcing expectations of 45 basis points of easing by year-end, even though the upcoming July 30 FOMC meeting is largely expected to result in a hold and his comments drove US Treasury yields and the dollar index lower, supporting gold, which benefits in a lower rate environment, Singh added. Simultaneously, other factors have kept safe-haven flows resilient, with the World Gold Council reporting a 26% YTD rally and projecting a further 0–5% upside under base case scenarios, or 10–15% if stagflationary or recessionary conditions materialize, the analyst mentioned. Also Read | 14 equity MFs lost over 5% in 9 months. Have you parked your savings in any of them? Gold ETFs witnessed 600% surge in monthly inflows to Rs 2,080 crore in June. In May, gold ETFs received an inflow of Rs 291.91 crore after witnessing outflows for two consecutive months. In March and April, gold ETFs witnessed an outflow of Rs 77.21 crore and Rs 5.82 crore respectively. The total assets under management of gold ETFs was recorded at Rs 64,777 crore as on June 30, 2025 witnessing a surge of 4% from AUM of Rs 62,452 crore in May. On a yearly basis, the AUM has grown by 89% from an AUM of Rs 34,355 crore as on June 30, 2024. 'ETF inflows and steady central bank buying continue to underpin the broader bullish narrative, while the US dollar's worst start to a year since 1973 remains a tailwind. On the domestic front, MCX gold futures hovered around Rs 97,400 per 10 grams, with strong support at Rs 96,500 – 95,900 and resistance near Rs 99,800. In the week ahead, traders will closely monitor Fed Chair Powell's speech, China's loan prime rate decision, and key US macro releases including PMI and durable goods orders, which could shift interest rate expectations and determine the next directional impulse for gold globally and on MCX,' Jain said. If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@ alongwith your age, risk profile, and Twitter handle.
News18
6 hours ago
- Entertainment
- News18
This Man Going Viral For Singing ‘Andaz-E-Karam' Isn't Ordinary. He Cleared IIT, UPSC & Then...
Last Updated: Even after achieving top ranks in India's toughest exams, Kashish Mittal left his successful career behind and followed his dream of becoming a Hindustani classical musician. The internet is blessed with a video of Kashish Mittal, a former IAS officer and IIT Delhi graduate, in which he could be heard giving a soulful performance. In the clip, Mittal beautifully sings Unke Andaz-e-Karam by Nusrat Fateh Ali Khan. His soothing voice and perfect notes have left social media users impressed. Many praised Kashish not only for his voice but also for sharing such a deep and personal feeling through music. He's not your usual IAS officer. He secured an All India Rank 6 in the IIT JEE and Rank 58 in the UPSC Civil Services Exam. Who Is Kashish Mittal? According to Indian Masterminds, Mittal was born in Jalandhar in 1989. He completed his in Computer Science from IIT Delhi and later cleared the UPSC exam on his first try. Even while handling school, college and tough exams, music always remained an important part of his life. Over the years, he gained recognition for his talent and was given an 'A Grade' by All India Radio and Doordarshan. He is now seen as one of the bright young talents of the Agra Gharana in Indian classical music. In the video shared on Instagram, Kashish Mittal wrote, 'POV: When you're left with nothing after falling in love." Reacting to the post, a user wrote, 'Boys after doing IIT and IAS." Another jokingly asked, 'Sir, aapka dil kisne tod diya. (Sir, who broke your heart)." 'Respect that even after IIT AIR6 and IAS, you are still pursuing your passion, Respect Sir," a comment read. An individual stated, 'This or nothing. What a voice, what a tonal quality." Another mentioned, 'Can we please get to hear the full version?" One more added, 'Countless achievements lead you to extreme calmness." Work and Awards: Interestingly, Kashish Mittal's father, Jagdish Kumar, was an IPS officer. Following his footsteps, Kashish joined the civil services and served as an IAS officer for nine years. During this time, he worked as the Additional Deputy Commissioner in Chandigarh and Deputy Commissioner of Tawang in Arunachal Pradesh. He was then part of the Ministry of External Affairs and NITI Aayog, where he served as Additional Principal Secretary. After stepping away from the civil services, Kashish dedicated his time towards Indian classical music. His hard work brought him many honours, including the Punjab State Award for Art and Culture in 2007, followed by the Saraswati Samman from IIT Delhi in 2010 and in 2018, he was honoured with the Naad Shri Samman for his contribution to Hindustani classical music. Even during his school and college days, Kashish received support from the Centre for Cultural Resources & Training (CCRT), National Talent Search Examination (NTSE) and Central Board of Secondary Education (CBSE) Scholarships. Buzz Staff A team of writers at bring you stories on what's creating the buzz on the Internet while exploring science, cricket, tech, gender, Bollywood, and culture. News18's viral page features trending stories, videos, and memes, covering quirky incidents, social media buzz from india and around the world, Also Download the News18 App to stay updated! view comments Location : Delhi, India, India First Published: July 23, 2025, 08:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
News18
6 hours ago
- Entertainment
- News18
This Man Going Viral For Singing 'Andaz-E-Karam' Isn't Ordinary. He Cleared IIT, UPSC & Then...
Last Updated: Even after achieving top ranks in India's toughest exams, Kashish Mittal left his successful career behind and followed his dream of becoming a Hindustani classical musician. The internet is blessed with a video of Kashish Mittal, a former IAS officer and IIT Delhi graduate, in which he could be heard giving a soulful performance. In the clip, Mittal beautifully sings Unke Andaz-e-Karam by Nusrat Fateh Ali Khan. His soothing voice and perfect notes have left social media users impressed. Many praised Kashish not only for his voice but also for sharing such a deep and personal feeling through music. He's not your usual IAS officer. He secured an All India Rank 6 in the IIT JEE and Rank 58 in the UPSC Civil Services Exam. Who Is Kashish Mittal? According to Indian Masterminds, Mittal was born in Jalandhar in 1989. He completed his in Computer Science from IIT Delhi and later cleared the UPSC exam on his first try. Even while handling school, college and tough exams, music always remained an important part of his life. Over the years, he gained recognition for his talent and was given an 'A Grade' by All India Radio and Doordarshan. He is now seen as one of the bright young talents of the Agra Gharana in Indian classical music. In the video shared on Instagram, Kashish Mittal wrote, 'POV: When you're left with nothing after falling in love." Reacting to the post, a user wrote, 'Boys after doing IIT and IAS." Another jokingly asked, 'Sir, aapka dil kisne tod diya. (Sir, who broke your heart)." 'Respect that even after IIT AIR6 and IAS, you are still pursuing your passion, Respect Sir," a comment read. An individual stated, 'This or nothing. What a voice, what a tonal quality." Another mentioned, 'Can we please get to hear the full version?" One more added, 'Countless achievements lead you to extreme calmness." Work and Awards: Interestingly, Kashish Mittal's father, Jagdish Kumar, was an IPS officer. Following his footsteps, Kashish joined the civil services and served as an IAS officer for nine years. During this time, he worked as the Additional Deputy Commissioner in Chandigarh and Deputy Commissioner of Tawang in Arunachal Pradesh. He was then part of the Ministry of External Affairs and NITI Aayog, where he served as Additional Principal Secretary. After stepping away from the civil services, Kashish dedicated his time towards Indian classical music. His hard work brought him many honours, including the Punjab State Award for Art and Culture in 2007, followed by the Saraswati Samman from IIT Delhi in 2010 and in 2018, he was honoured with the Naad Shri Samman for his contribution to Hindustani classical music. Even during his school and college days, Kashish received support from the Centre for Cultural Resources & Training (CCRT), National Talent Search Examination (NTSE) and Central Board of Secondary Education (CBSE) Scholarships. Buzz Staff A team of writers at bring you stories on what's creating the buzz on the Internet while exploring science, cricket, tech, gender, Bollywood, and culture. News18's viral page features trending stories, videos, and memes, covering quirky incidents, social media buzz from india and around the world, Also Download the News18 App to stay updated! view comments Location : Delhi, India, India First Published: July 23, 2025, 08:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
