The world’s richest families are not just wealthy. They are institutions of power, legacy, and long-term influence. Built over decades and, in some cases, centuries, these dynasties control global retail chains, oil reserves, luxury fashion houses, media empires, and diversified conglomerates. According to Bloomberg, the combined wealth of the top 25 richest families has surged to $2.9 trillion, rising by $358.7 billion in just one year. Among the global elite, only one Indian family, the Ambanis, has secured a place in the top 10, highlighting India’s rare representation in the world’s wealthiest dynasties. Here is a closer look at the…
Author: Aman Atulya
A New Way to Own and Upgrade Pixel Smartphones Google has introduced a first-of-its-kind Pixel Upgrade Program in India, offering consumers a simpler and more affordable way to own and upgrade Pixel smartphones every year. Starting at just ₹3,333 per month, the program allows customers to move to the latest eligible Pixel device annually through a structured no-cost EMI plan. How the Pixel Upgrade Program Works Under the program, customers can purchase select Pixel smartphones on a 24-month no-cost EMI plan and become eligible to upgrade after completing a minimum of nine monthly payments. Between the 9th and 15th EMI,…
Piramal Finance on Friday announced that it will sell its entire 14.72 percent stake in Shriram Life Insurance Company Limited to Sanlam Emerging Markets (Mauritius) Ltd for ₹600 crore. The transaction marks Piramal Finance’s exit from the life insurance joint venture. Buyer ProfileSanlam Emerging Markets (Mauritius) Ltd is a wholly owned subsidiary of Sanlam Emerging Markets Pty and is part of the Sanlam Group, a pan-African financial services group headquartered in South Africa. Sanlam has an existing presence in Shriram Life Insurance as a joint promoter. Regulatory Approvals and TimelineThe lender said the transaction is expected to close in the…
Flipkart has acquired a majority stake in Minivet AI, a generative artificial intelligence startup focused on visual and video content creation for ecommerce platforms. The financial terms of the transaction were not disclosed by the company. About Minivet AIFounded in 2024, Minivet AI develops generative AI solutions that transform static product catalogues into visual and video-based content. The startup’s technology is designed to help ecommerce platforms create rich product assets at scale, addressing a key challenge in online retail where sellers often rely on limited or inconsistent visuals. Strategic Use of TechnologyFlipkart said Minivet AI’s tools will be used to…
Funding Announcement and InvestorsPackaged food startup Alimento Agro Foods Pvt Ltd has raised Rs 52 crore, or about $5.8 million, in a Series A funding round led by IvyCap Ventures. The company operates in the convenience food segment and owns two consumer brands, MOM Meal of the Moment and Gimi Gimi. Use of ProceedsThe company said the fresh capital will be deployed to expand manufacturing capacity, strengthen its pan-India distribution network, and invest in new product development across both brands. Scaling operations and improving retail reach beyond current markets will be key priorities in the next phase of growth. Founders…
Transaction OverviewHCLTech has announced the acquisition of the telecom solutions business of Hewlett Packard Enterprise for approximately $160 million in an all-cash deal. The acquisition is aimed at strengthening HCLTech’s position in the global telecom services market, particularly in next-generation areas such as 5G network transformation. Strategic RationaleIndia’s third-largest IT services company said the acquisition will enhance its capabilities in network transformation, network as a service (NaaS), and AI-led autonomous networking. The move aligns with HCLTech’s broader strategy to expand its high-value, product- and IP-led service offerings for global communication service providers. Talent and Global FootprintAs part of the transaction,…
Tribunal Approval and ScopeThe Ahmedabad bench of the National Company Law Tribunal has granted first-stage approval for the proposed merger of Adani Harbour Services Limited with its parent company, Adani Ports and Special Economic Zone Limited. The tribunal also waived the requirement to hold meetings of shareholders and creditors, allowing the amalgamation process to proceed without procedural delays. Legal Framework and Appointed DateThe approval was issued under Sections 230 to 232 of the Companies Act, 2013, by a bench comprising Judicial Member Chitra Hankare and Technical Member Velamur G Venkata Chalapathy. The companies have proposed July 1, 2025, as the…
Edtech firm PhysicsWallah has approved the acquisition of an additional 12.29% stake in its subsidiary Xylem Learning, increasing its total shareholding to 77.27%, according to a regulatory filing made on Thursday. The company’s board approved the transaction through a third amendment to the shareholders’ agreement with Xylem Learning and its existing investors. As part of the deal, PhysicsWallah will acquire 930 equity shares for a cash consideration of ₹122.9 crore. Phased Path to Full Ownership PhysicsWallah first entered into a shareholders’ agreement with Xylem Learning in June 2023, with subsequent amendments in June 2023 and February 2025, allowing it to…
Reliance Consumer Products Ltd (RCPL), the fast-moving consumer goods arm of Reliance Industries, has acquired a majority stake in Udhaiyams Agro Foods for an undisclosed consideration, strengthening its push into the branded staples and fresh foods segment. Under the joint venture structure, RCPL will hold a controlling stake, while Udhaiyams Agro Foods’ promoters S Sudhakar and S Dinakar will continue to retain a minority stake and remain involved in the company’s next phase of growth. RCPL Deepens Presence in Staples Market With this acquisition, RCPL enters direct competition with Tata Consumer Products in the staples category and with iD Fresh…
Early childhood education-focused startup CuePilot AI has raised $1.8 million in a pre-seed funding round led by Unilazer Ventures, backed by Ronnie Screwvala. The round also saw participation from Eximius Ventures and Titan Capital. The company said the fresh capital will be used to strengthen its voice and AI technology stack, build integrations for new markets, and expand go-to-market efforts across India, the Middle East, Southeast Asia, and eventually the United States. Automating Operations for Preschools and Daycares CuePilot is building a voice-first, AI-native management platform designed specifically for preschools and daycare centres, a segment where operational processes remain largely…