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Oracle's Larry Ellison, 2nd richest in world after $26B fortune surge, richer than many countries
Larry Ellison's net worth surged by $26 billion, elevating him to the world's second-richest person with $243 billion, surpassing Jeff Bezos and Mark Zuckerberg. The steep rise in his net worth came following a rise in shares of Oracle. Ellison's wealth now exceeds the GDP of several countries, and he is just behind Elon Musk.
After Air India tragedy, Boeing CEO pulls out of Paris Airshow 2025; GE postpones big event amid global shock
Following the tragic Air India plane crash, Boeing and GE Aerospace are reducing their public presence. Boeing CEO canceled his Paris Airshow trip. GE postponed its investor day. The Air India Boeing 787 crashed after takeoff from Ahmedabad, killing over 240. The Paris Airshow will proceed with a more subdued tone. Focus shifts to the accident investigation and safety concerns.
UK migrant carers 'owed huge sums' in visa scheme 'scandal'
A UK initiative to recruit overseas care workers to address staffing shortages has backfired, leaving many jobless, homeless, and in debt due to exploitation by rogue agencies. Lured by promises of employment, they face illegal fees and potential deportation.
Franklin India Money Market Fund turns Rs 10,000 SIP to Rs 70 lakh in 23 years
Franklin India Money Market Fund has turned a Rs 10,000 monthly SIP into Rs 70 lakh over 23 years, achieving Rs 3,400 crore in AUM. Offering low risk, high liquidity, and steady returns, it outperformed benchmarks and remains a strong short-term investment option amid a soft interest rate environment.
AI analytics company Databricks looks to ramp up India play
Databricks is investing $250 million in India over three years to boost talent, R&D, and market expansion. Co-founder Arsalan Tavakoli highlighted India’s AI potential and dismissed fears of job loss from automation, emphasising upskilling. With strong growth and open-source bets, Databricks remains confident despite competition from Snowflake and others.
Mystery Aussie from Sydney bags entire $100m Powerball jackpot, gets tax office warning
A Sydney resident has won the entire $100 million Powerball jackpot, but lottery officials are searching for the winner. The winning numbers were announced, and Sydneysiders are urged to check their tickets. The Australian Taxation Office (ATO) warned about the potential implications of winning the lottery after one person walked away as the sole jackpot winner.
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John Abraham's monthly rental income from his Mumbai properties could be someone's yearly salary
Bollywood actor John Abraham has leased out three luxury apartments in Bandra West, Mumbai, for a combined monthly rent of Rs 6.30 lakh. The five-year agreement includes annual rent escalations, with the amount reaching Rs 8 lakh per month in the final year. Over the lease period, he is expected to earn nearly Rs 4.3 crore. The properties are located in the upscale Sea Glimpse Co-operative Housing Society, further cementing John’s position as a savvy investor.
NYT Strands Hints and answers June 12, 2025: Spangram, clues and themes to decode today’s puzzle
Unlike shorter word games, NYT Strands challenges your vocabulary and ability to spot sequences over a larger letter grid, offering a fresh intellectual workout each day.
SC rules homebuyers cannot claim home loan interest reimbursement from developers for project delays
The Supreme Court has ruled that homebuyers cannot recover home loan interest from developers for project delays, limiting refunds to the principal amount and contractually agreed compensation. The court emphasized that developers are not responsible for how buyers finance their purchases. Additional damages beyond the contract are only permissible in exceptional circumstances, ensuring compensation aligns with the agreed terms.
JioBlackRock Mutual Fund files draft documents with Sebi to launch its first 2 debt schemes
JioBlackRock Mutual Fund has filed draft papers with SEBI to launch two debt schemes—a liquid fund and a money market fund. The JioBlackRock Liquid Fund aims to offer regular income through investments in money market and debt instruments with maturities up to 91 days. It is designed for short-term investors seeking low-risk, income-generating opportunities.
Gensol Engineering shares slide 2% as NCLT reserves order on Rs 729 crore Ireda insolvency pleas
Gensol Engineering shares: On Wednesday, the two-member bench of the NCLT, consisting of judicial member Shammi Khan and technical member Sanjeev Kumar, reserved its judgment on Ireda's petition filed under Section 7 of the Insolvency and Bankruptcy Code (IBC) against Gensol Engineering concerning a loan default amounting to Rs 510 crore.
Australia vs South Africa: Steve Smith goes past Don Bradman for this 100-year-old record at Lord's
Steve Smith's resilient 66 against South Africa in the WTC Final at Lord's propelled Australia to 212 after a shaky start. Smith surpassed Don Bradman's Lord's run tally, becoming the highest overseas scorer at the venue, surpassing Warren Bardsley's century-old record. South Africa struggled in response, ending the day at 43/4.
French Embassy Visa Scam: CBI charges law officer, 7 others
The CBI has filed a chargesheet against eight individuals, including a law officer in the Visa Department of the French Embassy in New Delhi, for visa fraud. They targeted applicants from Punjab seeking Schengen visas, extorting large sums of money through a network of visa agents.
French embassy visa fraud: CBI chargesheet filed against eight accused; Interpol silver notice issued to trace assets abroad
The CBI has filed charges against eight individuals, including a French Embassy official, for a visa fraud scheme operating from January 2021 to May 2022. Applicants from Punjab were charged between ₹13 lakh and ₹45 lakh for Schengen visas, with proceeds laundered through various accounts. The CBI coordinated internationally, securing an Interpol Silver Notice to trace assets held abroad.
Prevest DenPro Limited: India's rising star in global dental materials manufacturing
The Jammu-based dental equipment maker and category winner of the ET MSME Awards 2024 is a global leader in its domain, exporting to over 85 countries.
Telangana High Court suspends ex-Karnataka minister Janardhan Reddy's sentence in OMC case, grants bail
The Telangana High Court has suspended the conviction and seven-year sentence of former Karnataka minister Gali Janardhan Reddy and three others in the Obulapuram Mining Company illegal mining case. Bail was granted to all convicts, each required to furnish a bond of Rs 10 lakh and obtain prior permission before leaving the country.
I am 25 years old and in my first job. Should I buy a house or build financial assets first?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
June 2025 Social Security and SSI payment guide: All dates, delays, and new rules
Social Security Administration issued June's SSI payments early in May. Recipients will not receive SSI payment in June. Regular Social Security payments will be disbursed in June based on birth dates. The Social Security Fairness Act is reshaping benefits for public sector retirees. Retroactive payments are being processed. Beneficiaries should update personal information and enroll in direct deposit.
Societe Generale to launch dollar-pegged stablecoin
Stablecoins are a type of cryptocurrency pegged to a traditional currency, usually the dollar, allowing people to move large sums of money without using banks' payment transfer systems. They have grown rapidly in recent years, driven by crypto company Tether, which has issued $155 billion of its dollar-pegged token and is the largest stablecoin issuer by far.
How fake meat export deal cost Delhi NRI more than $81,000, and the suspect vanished without a trace
A Delhi businessman has been allegedly defrauded of Rs 1.3 crore by an individual posing as a successful meat exporter. The suspect, after gaining trust through fabricated documents, convinced the victim to invest heavily, promising high returns. The suspect later disappeared, prompting a police investigation into the elaborate scheme. The crime branch is currently investigating the case.
What are the different types of life insurance plans, do they offer saving options?
If you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 54th part of this series, Riju Mehta lists the difference between various types of life insurance plans.
Is UPS better than NPS for government employees? Here’s how to decide
By 30 June, central government employees must decide whether to continue with the National Pension System (NPS) or switch to the newly rolled out Unified Pension Scheme (UPS) as their retirement chariot. This switch can only be exercised once.
Planning to port your health insurance plan? Here are some challenges you should be aware of
While shifting to a new insurer may seem like a quick-fix solution to the problems with your existing health insurance plan, there are some challenges you should be aware of.
4 held for duping people by promising them jobs in Tata's semiconductor unit in Assam: Police
In Assam's Morigaon district, police arrested four individuals, including a college lecturer, for allegedly defrauding people with false promises of jobs at the upcoming Tata semiconductor unit. The accused, led by a mastermind posing as an engineer, collected significant sums from aspirants, offering fake appointment letters and exploiting unemployed youths in Nagaon and Morigaon.
ICICI Prudential Life disburses over Rs 900 cr as loan against traditional policies in FY25
ICICI Prudential Life Insurance disbursed over Rs 900 crore in loans against traditional policies to over 42,700 customers in fiscal year 2024-25, marking a 60% year-on-year increase. Customers can borrow up to 80% of the policy's surrender value, with digital channels being the preferred method for accessing the loan facility. At March 31, 2025, the Company had an AUM of Rs. 3.09 lakh crore and a total in-force sum assured of Rs. 39.43 lakh crore with over 9 crore lives covered.
Social Security Fairness Act benefit increases reach 91% processed — what public employees need to know about their higher Social Security payments and lump sum retroactive checks in 2025
Social Security Fairness Act benefit increases and lump sum payments have now been processed for about 91% of the nearly 3 million affected people. This new law, passed in January, removes rules that lowered benefits for public workers with pensions but no Social Security taxes. Many beneficiaries are seeing monthly Social Security check boosts and retroactive lump sums from January 2024. While automation sped up payments, about 300,000 complex cases still need manual review. The Social Security Administration promises to complete all adjustments by early November, ensuring fairer benefits for teachers, firefighters, and other public servants.
I have multiple health insurance policies. How can I split a large claim across different health insurers?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
Taylor Swift reportedly paid a jaw-dropping sum to reclaim her music masters in a move that stuns the industry
Taylor Swift has successfully reclaimed ownership of her original masters after a protracted battle, marking a significant victory for creative control. She repurchased her catalog from Shamrock Capital for an estimated $360 million, a sum comparable to what the firm paid Scooter Braun in 2020.
Retired govt NPS subscribers with min 10 years can claim additional benefits under UPS
Central government NPS subscribers retiring by March 31, 2025, with 10+ years of service, or their spouses, can claim Unified Pension Scheme (UPS) benefits beyond NPS. The scheme offers a lump sum and monthly top-up, with arrears and interest. The deadline for claims is June 30, 2025, providing an assured pension option.
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