NCB searches for Sushant’s friend for questioning in drugs case

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.

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.

Sahebaan UAE, an organization representing the Urdu-speaking Muslim community from the twin districts of Dakshina Kannada and Udupi, hosted a spectacular family gathering at the Amity School grounds in Al Qusais, Dubai, on Saturday, February 15, 2025. The event brought together over a thousand members of the Sahebaan community from across the UAE, neighboring GCC countries, and India for an evening of celebration, recognition, and togetherness.

The event commenced with a recitation of verses from the Holy Quran by Master Mohammad Faiz and Fazil Rahil Ali. Althaf M.S. welcomed the gathering, emphasizing that Sahebaan UAE serves as a platform for community members to connect, foster unity, and celebrate their shared identity.

Honoring Community Patrons

The esteemed patrons of the Sahebaan Community—Janab Hidayathullah Abbas, K.S. Nissar Ahmed, and Afroz Assadi—were honored for their remarkable humanitarian efforts, charitable contributions, and unwavering support for Sahebaan UAE. The felicitation ceremony was led by Janab Suhail Kudroli, Altaf Khalife, and Samiullah M.H.

Sahebaan Excellence Awards

A key highlight of the event was the presentation of the prestigious ‘Sahebaan Excellence Awards’ to individuals who have excelled in various fields. The awards were conferred by the community patrons.

Business Excellence Award: Mohammad Akram, Founder and Chairman of Abu Dhabi-based Al Sitara Contracting, was recognized for his contributions to the business sector.

Sports Excellence Award: International Superbike racing champion and DSBK Superbike Racing Company owner, Nasir Syed of Karkala, was honored for his achievements in motorsports.

Academic Excellence Award (Posthumous): The late Professor Muzaffar Hussain Assadi, a distinguished scholar and thinker, was posthumously awarded. His brother, Sajjad Assadi, accepted the honor on his behalf.

Literary Excellence Award: Writer and poet Irshad Moodbidri was recognized for his contributions to literature. His son, Nihad, accepted the award.

Community Service Excellence Award: Abu Dhabi-based businessmen Mohammad Asif and Sahar Mohammad Asif were acknowledged for their dedication to social causes. Their son, Abdul Ahad, accepted the award.

Distinguished Guests

The function was graced by prominent community members, including Janab Mohammed Muslim Koppa, Director of Vartha Bharathi, along with overseas Sahebaan representatives Janab Safiuddin Mohammed, Mumtaz Hussain, Niyamathulla Asadi, and Mohammed Hussain.

Recognizing Academic Achievements

Students who excelled academically were felicitated with the ‘Sahebaan Merit Award.’ Those who achieved above 90% in their examinations were celebrated, including:

SSLC Achievers from UAE: Faiz Anam, Mohammad Rayaan, and Mohammad Umair Suvaid Khan.

Pre-University Excellence: Muskan Fatima, recognized as the Gulf topper in the commerce stream, alongside high scorers Juveria Firoz, Siham Akbar Ali, Mohammad Rafaan, and Hiba Altaf Salah.

Celebrating Young Sporting Talent

Young achievers in sports were also honored, including Mohammad Aiman, who excelled in the 4x4 100-meter relay, and Mohammad Aiz, associated with the DOFA Football Association.

A Night of Culture and Celebration

Beyond awards and recognition, the evening was filled with cultural performances and activities, particularly for children. The ‘Prince and Princess’ dress-up competition for kids under ten was a major attraction. The event also featured:

Indian Patriotic Dance

Traditional Arabic Dance

Beautiful Dua Recitation by Children

A short documentary about Sahebaan was screened on a large LED display, offering insights into the community’s history, values, and achievements.

Event Hosts and Coordinators

The event was skillfully hosted by Hisrar Tallani, who flew in from Mangalore for the occasion, engaging the audience with his humor and interactive activities.

Children’s programs were coordinated by:

Prince and Princess Competition: Reeha Althaf

Indian Patriotic Dance: Heena Kausar

Arabic Dance: Fauzia Rahil

Dua Segment: Fauzia Shah

Ajmal Mohammed delivered the vote of thanks, expressing gratitude to all contributors.

Acknowledgment of Organizing Committee

The event’s success was attributed to the tireless efforts of the organizing committee members:

Core Team: Afroze Assadi, Althaf M.S., Ajmal Mohammad, Altaf Khalife, Samiullah M.H., Suhail Kudroli, Asif Mohammad Hussain, Sameer Sharif, Nayeem Khan, Abdul Ahed, and Faizan Khateeb.

Women Organizers: Parveen Assadi, Sahara Asif, and Reena Althaf.

The Sahebaan UAE Family Get-Together was a remarkable celebration of unity, talent, and tradition, leaving attendees with cherished memories and a strengthened sense of community spirit.