Indian origin-billionaire, founder of Dubai’s Landmark Group Micky Jagtiani no more

News Network
May 26, 2023

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Dubai-based billionaire businessman Micky Jagtiani, who founded retail giant Landmark Group, has passed away. The chairman and owner of the group was 70 years old.

With a net worth of $5.2 billion, he was ranked 511 on the Forbes' 37th annual world billionaires list earlier this year. 

Jagtiani was originally from India and started the business in 1973 with one store in Bahrain. He then expanded the business across the west Asia, Africa and India. According to Forbes, Jagtiani drove a taxi in London before moving to Bahrain and starting a baby products shop.

Currently, his wife Renuka runs the Landmark Group as chairman and chief executive officer (CEO).

His three children are directors in the group, overseeing different aspects of the business.

The Landmark Group also entered India in 1999 and has a range of retail brands like Lifestyle and Max for clothes and Home Center for furniture and home furnishings.

The Dubai-headquartered group also operates brands Babyshop, Centrepoint, Home Centre, Lifestyle, Splash, Shoemart and Emax.

"Today Dubai lost a man who was a key player in the retail and real estate industry. Micky Jagtiani the founder of land mark group has passed away," tweeted Emirati businessman Majid Saif Al Ghurair.

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News Network
March 3,2025

Thiruvananthapuram: The Kerala assembly on Monday witnessed heated argument between Chief Minister Pinarayi Vijayan and the opposition Congress-led United Democratic Front over the increasing violence involving youths as well as the drug menace.

The chief minister blamed it on films that celebrate violence, competitiveness among youngsters and lapses in parenting as key reasons for the increasing violent tendency among the youngsters. He also stressed the need to carry out awareness campaigns and said that there would not be any compromise in enforcement.

Congress gave a notice for adjournment motion in the house in the wake of the back to back incidents of violence involving students, the latest being the death of a tenth standard student at Kozhikode the other day following an attack by five other students. Considering the gravity of the scenario, the government allowed a discussion on the matter.

The Chief Minister was agitated over Congress leader Ramesh Chennithala, who presented the notice for the motion, accusing the government of failing to curb the drug menace and also alleged of links of CPM's student outfits Students' Federation of India in brutal violence at campuses. Vijayan was also irked as Chennithala pin pointed the attack on him by repeatedly using 'Mr. chief minister'.

Vijayan said that the increasing criminal tendency among children was a global issue. "As the world becomes very competitive right from studies to jobs, the younger generations are becoming more restless. The competitiveness, which seems to be an outcome of globalization, was also causing enmity in young minds. With parents failing to spend adequate time with children, the children and getting addicted to digital devices," said Vijayan.

He also said that there were police reports that children were even getting attracted to goonda gangs after being influenced by films that celebrate violence. The sensor board needs to look into the matter. Web series and social media were also badly influencing children.

Listing out the number of drug peddling cases nabbed by the police and excise departments in the recent years, Vijayan said that there was no lapse in enforcement.

Opposition leader V D Satheesan extended the opposition's support to the government in fighting the menace.

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Agencies
March 3,2025

An Indian woman sentenced to death in Abu Dhabi for allegedly murdering a four-month-old child was executed on February 15, the Delhi High Court was informed on Monday. The revelation came during a hearing on a petition filed by her father, who was seeking information about her well-being.

Court Calls Execution "Unfortunate"

Justice Sachin Datta, upon learning of the execution, described it as "very unfortunate."

"It is over. She was executed on February 15. Her last rites will be held on March 5," Additional Solicitor General Chetan Sharma told the court.

Family’s Fight for Information

During the hearing, the petitioner’s counsel said the family had been desperately seeking clarity on whether she was alive or had been executed.

He mentioned that Shahzadi Khan had called her family from prison on February 14, informing them that she would be executed within a day or two and that it would be her final call. Since then, they had received no updates about her condition.

The Centre’s counsel stated that embassy officials were in touch with the petitioner and were making arrangements for the family to attend her last rites in Abu Dhabi.

"We did our best. We hired a law firm to represent her in court. But the laws there deal with the murder of an infant very severely," he submitted.

Case Background

According to the petition, Shahzadi contacted her father from detention on February 14, 2025, saying she had been moved within the facility and wanted to speak with her parents before her execution.

Her father, Shabbir Khan, a resident of Banda in Uttar Pradesh, filed an application with the Ministry of External Affairs (MEA) on February 21, 2025, seeking official confirmation of whether his daughter had been executed.

Shahzadi had been handed over to Abu Dhabi police on February 10, 2023. She was sentenced to death on July 31, 2023, and was held at Al Wathba jail.

The petition alleged that Shahzadi did not receive proper legal representation in court and was pressured into confessing, leading to her death sentence.

Events Leading to the Case

Shahzadi traveled to Abu Dhabi in December 2021 on a legal visa. In August 2022, her employer gave birth to a son, and she was hired as the child’s caregiver.

On December 7, 2022, the infant received routine vaccinations but tragically passed away that same evening.

The petition claimed that the child’s parents refused to allow a post-mortem and signed an agreement waiving further investigation into the death. However, despite this, Shahzadi was arrested and later sentenced to death.

Her family continues to seek justice and closure following her execution.

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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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