BJP MP Satish Gautam says he will send AMU's Jinnah portrait to Pakistan

The number of Indian high-net-worth individuals (HNWIs), those having assets more than $10 million, rose 6 per cent last year to 85,698, according to Knight Frank.

Global property consultant Knight Frank on Wednesday released its 'The Wealth Report 2025', which estimated the HNWI population in India at 85,698 in 2024, as against 80,686 in the preceding year.

The number is expected to rise to 93,753 by 2028, reflecting India's expanding wealth landscape, the consultant said.

The increasing trend of HNIW population highlights the country's strong long-term economic growth, increasing investment opportunities, and evolving luxury market, positioning India as a key player in global wealth creation.

India's billionaire population has also seen a strong year-on-year growth in 2024.

"India is now home to 191 billionaires, of which 26 joined the ranks in just the last year, which was pegged at just 7 in 2019," the consultant said.

The combined wealth of Indian billionaires is estimated at $950 billion, ranking the country third globally, behind the US ($5.7 trillion) and Mainland China ($1.34 trillion).

"India's growing wealth underscores its economic resilience and long-term growth potential. The country is witnessing an unprecedented rise in high-net-worth individuals, driven by entrepreneurial dynamism, global integration, and emerging industries," Shishir Baijal, Chairman & Managing Director, Knight Frank India, said.

This expansion is not just in scale but also in the evolving investment preferences of India's elite, who are diversifying across asset classes, from real estate to global equities, he added.

"In the decade ahead, India's influence in global wealth creation will only strengthen," Baijal said.

The US Department of Homeland Security (DHS) has confirmed that Ranjani Srinivasan, an Indian doctoral student at Columbia University, has voluntarily left the United States after her visa was revoked over alleged support for Hamas, the democratically elected party in Gaza.

Srinivasan, a PhD student in Urban Planning, was in the US on an F-1 student visa. The US Department of State revoked her visa on March 5, 2025, citing security concerns related to her alleged involvement in activities supporting Hamas. On March 11, 2025, she self-deported using the CBP Home App, with officials confirming video footage of her departure.

US Homeland Security's Response

Secretary of Homeland Security Kristi Noem emphasized that studying in the US on a visa is a privilege, which can be revoked if an individual is found to support violence and terrorism. She stated that such individuals should not be permitted to stay in the country.

Srinivasan’s Academic Background

Srinivasan’s academic credentials include:

• M.Phil in Urban Planning – Columbia University (GSAPP)
• Master’s in Design – Harvard University (Graduate School of Design)
• Bachelor of Design (B.Des.) – CEPT University, India
• Her research focuses on land-labor relations in India’s peri-urban areas, with academic interests in political economy, land politics, and labor sociology.

'Security Concerns'

Her case has gained attention amid increased US government scrutiny of individuals and organizations allegedly supporting Hamas. Visa revocations for security reasons have become more frequent, reflecting the government's strict stance on national security and immigration policies.

Srinivasan’s self-deportation highlights the US government’s ongoing efforts to enforce visa regulations and prevent individuals it considers a security threat from remaining in the country.

Bengaluru: Actor Ranya Rao, stepdaughter of a senior IPS officer, was just moments away from clearing airport security at Bengaluru’s Kempegowda International Airport when the Directorate of Revenue Intelligence (DRI) swooped in. What followed was a dramatic bust—gold bars worth ₹12 crore, allegedly being smuggled, were recovered from her and her accomplices.

The 33-year-old actress, who debuted in the 2014 Kannada film Maanikya, had landed in Bengaluru on Monday aboard an Emirates flight from Dubai. According to officials, she was accompanied by two individuals carrying the smuggled gold in briefcases. They had nearly cleared security and were about to exit when DRI officers, acting on specific intelligence, intercepted them and launched a search.

Gold Concealed on Person

A thorough examination led to the discovery of 14.2 kg of gold ingeniously hidden on her person. "The contraband, valued at ₹12.56 crore, was seized under the provisions of the Customs Act, 1962," the DRI stated.

More Gold, Cash Found at Her Home

The investigation didn’t stop at the airport. Authorities then searched Ranya Rao’s residence on Lavelle Road, Bengaluru, where she lives with her husband. There, they uncovered additional gold jewelry worth ₹2.06 crore and Indian currency amounting to ₹2.67 crore, bringing the total seizure in the case to ₹17.29 crore.

"The lady passenger has been placed under arrest under the relevant provisions of the Customs Act, 1962, and remanded to judicial custody. This marks a significant blow to organized gold smuggling networks," the DRI statement added.

Frequent Gulf Trips Raised Suspicion

According to reports, Ranya Rao had been making frequent, short trips to Gulf countries, which eventually put her under the DRI’s radar.

Ranya is the stepdaughter of a senior IPS officer. Her stepfather remarried after his first wife’s death, and Ranya is one of two daughters from her mother’s previous marriage.

With a 14.2 kg gold seizure, this is one of the biggest smuggling busts at Bengaluru airport in recent times, reinforcing the DRI’s crackdown on illicit gold trade.