India now home to 191 billionaires; 26 joined last year: Knight Frank

News Network
March 5, 2025

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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.

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News Network
May 11,2025

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Appealing to the world's major powers for "no more war", Pope Leo on Sunday welcomed the ceasefire between India and Pakistan and hoped negotiations can lead to lasting peace, reported Reuters. Pope Leo prayed god will give world 'miracle of peace'. 

Pope Leo XIV, born Robert Francis Prevost, reportedly also called for peace in Ukraine, ceasefire and release of hostages in Gaza in his first Sunday noon appeal since his election as pontiff.

The new pope was elected on May 8, succeeding Pope Francis who died on April 21. 

“Never again war!” Pope Leo said from the loggia of St. Peter’s Basilica.

After over three days of intense exchange of fire, India and Pakistan on Saturday reached an ‘understanding’ to immediately stop all firing and military action on land, air and sea. The ceasefire, which was first announced by US President Donald Trump on Saturday, was violated by Pakistan hours later with drones being intercepted over parts of Jammu, Srinagar, Punjab and Rajasthan.

The military confrontation erupted after Islamabad launched drones and missiles towards the Indian territory, responding to the Operation Sindoor military strikes carried out by New Delhi on nine terror infrastructures in Pakistan and Pakistan-occupied Kashmir on May 7.

Operation Sindoor was launched in retaliation to the April 22 terror attack in Jammu and Kashmir's Pahalgam in which terrorists found to have links with Pakistan killed 26 civilians.

‘Third world war in pieces’

The 69-year-old Chicago-born missionary is the 267th pope and also the first American to hold the religious leadership title. 

Marking the 80th anniversary of the end of World War II, Leo echoed Pope Francis's words, condemning the many conflicts plaguing the world today as a “third world war in pieces.”

Pope Leo also noted that this Sunday was Mother's Day in many countries, extending warm wishes to all mothers — “including those in heaven.”

The atmosphere turned jubilant as the crowd, joined by marching bands visiting for the special Jubilee weekend, broke into cheers and music while the bells of St. Peter's Basilica rang out.

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News Network
April 29,2025

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Mangaluru: Karnataka Home Minister Dr. G. Parameshwara has expressed concern over the mob lynching of an unidentified man in Mangaluru, in which several Hindutva activists have been arrested. The incident took place on April 27 near Bhatra Kallurti Temple in the Kudupu area on the outskirts of the city.

“Even if someone uttered offensive slogans, violence is not acceptable. The law must take its own course — taking matters into one’s own hands is completely wrong,” the Home Minister said, calling the act "deeply concerning."

He also urged the public to remain calm and avoid speculation. “We still don’t know if the victim was a local or from outside Karnataka. I appeal to everyone to maintain peace and communal harmony.”

What Happened

The incident occurred around 3 PM on Sunday, during a cricket tournament that involved ten teams and more than 100 players. The accused have reportedly told the police that the victim shouted "Pakistan Zindabad" — a claim now central to the investigation. A physical altercation began between the man and a local youth named Sachin (26), which quickly escalated into a violent group assault.

Eyewitnesses said while some bystanders tried to intervene, others in the crowd beat the man with sticks and kicked him repeatedly. The body was discovered near the temple later in the day, around 5:30 PM, prompting a police alert.

Post-Mortem Reveals Brutality

Initially, police did not observe major visible injuries and suspected a natural death. However, further investigation and a post-mortem at Wenlock District Hospital revealed that the man had died from internal bleeding and shock due to multiple blunt-force injuries, especially to the back, limbs, genitals, and buttocks. The injuries were consistent with an assault using wooden logs.

“This was a brutal and unprecedented case,” said Mangaluru Police Commissioner Anupam Agarwal. “We have not seen anything of this nature in the city before. The victim received no medical attention, and that proved fatal.”

Arrests and Legal Action

As of now, 15 individuals — including Sachin — have been arrested, all from Kudupu, Neermarga, Vamanjoor, and surrounding areas. The First Information Report (FIR), filed by local resident Deepak Kumar (33), names 19 individuals, with police expecting the number of accused to grow as they analyze CCTV footage and mobile data.

Authorities estimate that around 25 people were involved in the lynching. Given the number of attackers, the case has been registered under Section 103(2) of the Bharatiya Nyaya Sanhita, which specifically addresses mob lynching. The section allows for life imprisonment or death penalty for those found guilty.

“Everyone involved will be brought to justice. We will apply the strictest legal provisions,” Commissioner Agarwal stated.

Motive Under Investigation

While some arrested individuals claim the lynching was triggered by the man shouting pro-Pakistan slogans, the authorities have not yet confirmed the authenticity or context of those claims. The identity of the victim remains unknown, and forensic teams are working to establish his background and possible connections to the local area.

Police have emphasized that the investigation is ongoing and urged the public to refrain from circulating misinformation or communal narratives.

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News Network
May 8,2025

New Delhi: The government is briefing an all-party meeting on Thursday on the success of "Operation Sindoor" and its aftermath, as top government functionaries and opposition leaders met for a second time in a fortnight amid rising tensions between India and Pakistan following the Pahalgam terror attack on April 22.

Union ministers Rajnath Singh, Amit Shah, S Jaishankar, J P Nadda and Nirmala Sitharaman represented the government, while Rahul Gandhi and Mallikarjun Kharge from the Congress, Sandip Bandyopadhyay of the Trinamool Congress and DMK's T R Baalu were among the leading opposition figures in the meeting.

Other opposition leaders included Ram Gopal Yadav of the Samajwadi Party, Sanjay Singh of the AAP, Shiv Sena (UBT)'s Sanjay Raut, NCP (SP)'s Supriya Sule, BJD's Sasmit Patra and CPI(M)'s John Brittas.

JD(U) leader Sanjay Jha, Union minister and LJP (Ram Vilas) leader Chirag Paswan and AIMIM MP Asaduddin Owaisi were also part of the meeting.

Parliamentary Affairs Minister Kiren Rijiju said the government wanted to brief all parties on "Operation Sindoor".

In retaliation for the Pahalgam terror attack, Indian armed forces carried out missile strikes early Wednesday on nine terror targets in Pakistan and Pakistan-occupied Kashmir, including the Jaish-e-Mohammad stronghold of Bahawalpur and Lashkar-e-Taiba's base Muridke.

The military strikes were carried out under 'Operation Sindoor' two weeks after the massacre of 26 civilians in Jammu and Kashmir's Pahalgam.

The government had earlier called an all-party meeting on April 24 to brief leaders on the attack.

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