Gautam Adani becomes world’s 2nd-richest person all of a sudden

News Network
September 16, 2022

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Mumbai, Sept 16: Indian industrialist Gautam Adani briefly became the world's second-richest person on the Forbes real-time billionaire tracker on Friday, weeks after becoming the first Asian to break into the top three.

The self-made billionaire's net worth surged $4 billion overnight to $154 billion, according to Forbes, ranking him ahead of LVMH's Bernard Arnault and Amazon's Jeff Bezos.

Tesla founder Elon Musk remained well out in front with a fortune of more than $270 billion.

Arnault -- who at times held the top spot in May 2021 -- and Adani traded the number two position during the day as the share prices of their companies fluctuated.

Adani, 60, made his fortune in ports and commodities trading and now operates India's second-largest conglomerate with interests ranging from coal mining and edible oils to airports and news media.

His ballooning net worth reflects a stratospheric rise in the market capitalisation of his publicly listed companies, as investors back the Adani Group's aggressive expansion of old and new businesses.

Shares in the flagship Adani Enterprises -- of which the billionaire owns 75 per cent -- have soared more than 2,700 per cent since March 2020, and doubled in value in the past six months.

Stock price surges in other group companies including Adani Transmission, Adani Power, Adani Ports and Adani Green Energy catapulted Adani past fellow Indian billionaire Mukesh Ambani this year.

Analyst estimates indicated the market capitalisation of Adani's seven listed companies also briefly overtook those of the Tata group on Friday morning, making the Adani Group India's largest conglomerate.

Born in the city of Ahmedabad in the western state of Gujarat to a middle-class family, Adani dropped out of college to work in the diamond industry before starting his export business in 1988.

In 1995, he won a contract to build and operate a commercial shipping port at Mundra in Gujarat, which has since grown to become India's largest port.

At the same time, Adani expanded into thermal power generation and coal mining in India and overseas.

In recent years, the conglomerate has forayed into petrochemicals, cement, data centres and copper refining, in addition to establishing a renewable energy business with ambitious targets.

Recent investments in Indian news media and a bid for 5G airwaves this year have raised speculation that the billionaire's empire could soon impinge on sectors dominated by Ambani's Reliance Industries.

But Adani's rapid expansion into capital-intensive businesses has also raised financial alarms, with Fitch Group's CreditSights last week reiterating that they "remain concerned over the Adani Group's leverage".

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News Network
April 12,2025

Riyadh, April 12: In a welcome move for Indian expatriates and other foreign residents in Saudi Arabia, the Kingdom has introduced a new online service that allows residents to update their passport information without visiting the General Directorate of Passports (Jawazat). The service is available through the widely used Absher platform.

This initiative comes as a major time-saver for Indian expats, especially those renewing their passports, as it eliminates the need for lengthy in-person appointments and physical document submissions at Jawazat offices.

Who Can Use the Service?

The online update feature is available to expatriates aged 18 and above. Once a passport is renewed, Indian expats can log in to Absher (via their employers account), navigate to My Services, select Passport, and then access Resident Identity Services to update the relevant information.

A clear photo of the new passport must be uploaded. The system automatically extracts the passport number and expiry date using advanced digital recognition tools.

Before submitting, users are required to pledge that:

  • The old passport has not been lost.
  • There are no reports of absence from work.
  • There are no pending traffic violations linked to the resident's Iqama.
  • There are no security-related restrictions on the expat or the employer.

Important for Indian Families

If family members previously listed on the old passport have been issued individual passports, the online service cannot be used. In such cases, a personal visit to Jawazat is necessary to complete the update.

Likewise, if the passport is lost, the expat must report the loss and update information directly at the Jawazat office. Any misuse or incorrect submission will result in accountability under Saudi law, including potential charges of forgery.

Fee Details

To avail this convenience, a nominal fee of SR69 (including VAT) is applicable for each passport update request.

Why It Matters

With over 2 million Indians living and working in Saudi Arabia, this digital service is expected to ease the bureaucratic burden and save time for thousands of individuals who previously had to navigate crowded offices and long wait times. It also enhances accuracy and ensures smoother processing for both employees and employers.

Indian community associations have welcomed the move, calling it a step forward in digital convenience and administrative efficiency for expatriates.

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Business Desk
April 8,2025

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Hoarding and excessive clutter can take over a home, making everyday tasks feel impossible. Whether it's years of accumulated belongings or large-scale clutter that has become overwhelming, professional junk removal services can help restore order. Junk removal Queens services specialize in heavy cleanouts, ensuring safe and efficient removal of unwanted items. Unlike standard decluttering, hoarding cleanouts require a sensitive approach. Many people struggle with parting ways with possessions, which is why hiring experienced professionals is the best option. Jiffy Junk is just a call away, offering full-service junk removal in Queens to help residents reclaim their living spaces. This guide will explore top-rated services, benefits, pricing, and how to choose the best option for hoarding and heavy clutter removal.

Hoarding and Heavy Clutter: Understanding the Challenge

What Defines Hoarding?
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Why DIY Decluttering Isn’t Always the Best Option
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Benefits of Hiring Professional Junk Removal Services in Queens

Efficient and Safe Decluttering
Professional junk removal teams work quickly, efficiently, and safely. They remove large volumes of clutter without damaging property, ensuring everything is cleared out responsibly. Many services also offer sorting assistance, helping separate valuable or sentimental items from the junk.

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Compassionate and Discreet Services
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Many hoarders fear judgment, which stops them from seeking help. However, junk removal Queens services prioritize a compassionate approach, ensuring every client feels supported. Jiffy Junk is just a call away for those who need a judgment-free, professional team to restore their living space.

Eco-Friendly Disposal Methods
Instead of dumping everything into landfills, many junk removal Queens companies recycle and donate as much as possible. Usable furniture, clothing, and household items often go to charities or second-hand stores, reducing waste and helping others in need.

Hazardous waste and electronic waste require special disposal methods. Professional junk removal services ensure these items are disposed of safely, preventing environmental harm. Jiffy Junk is just a call away to handle all types of junk responsibly.

Legal and Regulatory Compliance
Queens has strict waste disposal regulations, especially for bulk junk removal. Improperly disposing of large amounts of waste can result in fines or legal trouble. Hiring a professional service ensures compliance with local laws, saving time and hassle.

Many junk removal Queens companies have partnerships with recycling facilities and donation centers, ensuring that as much waste as possible is repurposed. Jiffy Junk is just a call away to help navigate waste disposal regulations and ensure everything is handled legally.

Final Thoughts
Living with excessive clutter can feel overwhelming, but help is available. Junk removal Queens services specialize in hoarding cleanup, ensuring a safe, stress-free process. Whether you need a full-home cleanout or just assistance with a few rooms, professional junk removal teams are equipped to handle the job efficiently.

Instead of struggling with DIY decluttering, let experts take care of the heavy lifting. Jiffy Junk is just a call away, providing reliable, discreet, and compassionate service for those in need. With eco-friendly disposal, donation options, and flexible scheduling, professional junk removal is the best way to reclaim your space and improve your quality of life.

If you or a loved one is struggling with hoarding, don’t wait—reach out to a trusted junk removal Queens service today.

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News Network
April 11,2025

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New Israeli strikes have killed over a dozen people, including seven children, in the besieged territory as the regime is pressing ahead with its bloody military onslaught against Palestinians.

Gaza's civil defense agency said the bodies of 10 people, including seven children, were brought to the hospital following an Israeli airstrike that targeted the al-Farra family home in central Khan Younis.

Witnesses reported continuous and intensive Israeli tank fire in the city. 

Moreover, one Palestinian was killed and four others were wounded following an aerial attack on a group of civilians in Rafah.

In central Gaza, Israeli drones struck a group of civilians in Deir el-Balah, following which a number of casualties were transferred to the al-Aqsa Hospital.

Two more people killed in an Israeli strike that targeted a group of civilians in the al-Atatra area in the northern city of Beit Lahia.

On Friday morning, the Israeli military released an “urgent and serious” evacuation notice for residents living in various neighborhoods east of Gaza City.

The United Nations on Friday said its analysis of 36 recent Israeli strikes in Gaza showed only women and children were killed and decried the human cost of the war.

Spokeswoman Ravina Shamdasani cited an April 6 strike on a residential building of the Abu Issa family in Deir al-Balah, which reportedly killed one girl, four women, and one four-year-old boy.

Even the areas where Palestinians were being instructed to go in the expanding number of Israeli "evacuation orders" were also being subjected to attacks, she said.

Israel has said its troops are seizing "large areas" in Gaza and incorporating them into buffer zones cleared of their inhabitants.

The UN rights office warned that expanding Israeli evacuation orders are resulting in the "forcible transfer" of people into ever-shrinking spaces in the war-ravaged Palestinian territory.

"Let us be clear, these so-called evacuation orders are actually displacement orders, leading to displacement of the population of Gaza into ever shrinking spaces," Shamdasani said.

"The permanently displacing the civilian population within occupied territories amounts to forcible transfer, which is a grave breach of the Fourth Geneva Convention, and it is a crime against humanity."

Speaking to reporters in Geneva, Shamsadani said between March 18 and April 9, there were some 224 incidents of Israeli strikes on residential buildings and tents for internally displaced people.

"In some 36 strikes about which the UN Human Rights Office corroborated information, the fatalities recorded so far were only women and children," she said.

"Overall, a large percentage of fatalities are children and women, according to information recorded by our Office," she added.

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