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Arvind's Newsletter
Issue No. #1089
1.Hurun Global Rich List 2025: Meet the only Indian woman in world’s Top 10 wealthiest women
Roshni Nadar, chairperson of information technology giant HCL, ranked third in India and emerged as the fifth richest woman in the world, following a 47 per cent stake transfer from her father, Shiv Nadar. With a net worth of ₹3.5 trillion, she is the first Indian woman to enter the global top 10 female billionaires list, according to the Hurun Global Rich List 2025.
Mukesh Ambani, chairman and managing director of Reliance Industries, has retained his position as India’s richest person with a net worth of ₹8.6 trillion, despite a decline of ₹1 trillion in his net worth since last year, according to the report.
2.India's top carmaker Maruti Suzuki to invest over $860 million to add one more plant
India's carmaker Maruti Suzuki will invest Rs 74.1 billion ($864 million) to build a third plant at its Haryana facility, boosting capacity to 750,000 vehicles annually by 2029. The carmaker already has two plants in Kharkhoda—one operational and one under construction—each producing 250,000 vehicles per year. The expansion aims to meet rising demand, including exports, where Maruti leads with a 40% share. The company also operates three other manufacturing units—two in Haryana and one in Gujarat.
3.JioHotstar crosses 100 mn paid subscribers after Disney-Reliance merger
JioHotstar, the video streaming platform created with the merger of Disney+ Hotstar and JioCinema, has crossed 100 million paid subscribers, the company said on Thursday.
JioStar added in a statement that through JioHotstar, it is revolutionising streaming in India, turning it from a premium service for a select few into an integral part of daily life for millions. Earlier in November last year, Uday Shankar, vice-chairperson of JioStar, had also stated that the media giant's goal is to take its streaming products to the lowest echelons of Indian society.
The OTT platform has a wide range of content libraries — from Hollywood entertainment, original and reality shows, to content across various Indian languages. In sports, it offers tournaments like International Cricket Council (ICC) events, Indian Premier League (IPL), Women’s Premier League (WPL), along with Indian Street Premier League, Pro Kabaddi League and Indian Super League (ISL), as well as global events like the Premier League and Wimbledon,
4.India shines on foreign investors’ radar this week with $1.4 bn of inflow, highest across Asian markets
After a relentless selloff since September 2024, foreign investors have resumed buying in Indian shares, ploughing $1.39 billion into equities this week alone, the highest inflow across Asian markets, data from Bloomberg has showed.
FIIs have turned net buyers of Indian equities since March 20, purchasing around $2.37 billion during this period after having sold over $28.18 billion since the end of September.
In contrast, Taiwan saw the largest outflow at $298 million, followed by Malaysia ($161 million) and Thailand ($89 million). Other Asian markets such as Vietnam, and the Philippines saw outflows worth $32 million and $64 million, respectively. Apart from India, Indonesia and South Korea too experienced net inflows, receiving $158.3 million and $118 million respectively.
5.World leaders reacted with fury and automotive stocks plunged following US President Donald Trump’s announcement of sweeping tariffs on car imports.
Brazil, Canada, Japan, and the European Union slammed the duties, with Germany — the bloc’s carmaking giant — saying the EU must “respond firmly.”
Trump threatened “far larger” levies against purported allies Canada and Europe if they joined forces against the US, suggesting an expansion of an already sprawling trade war that has enveloped American friends and rivals alike. Some US companies, such as Tesla, may be insulated from the barrage, but Bridgewater’s co-chief investment officer warned that American firms depend upon “global cooperation and unconstrained policy makers. Both are at risk.”
6.The end of the transatlantic relationship as we know it: Ian Bremmer
Donald Trump’s second term is having considerably more impact on the global stage than his first. Trump may have been a largely transactional president last time around, when he was more constrained at home and faced relatively more powerful counterparts abroad. But the first two months of Trump 2.0 have shattered the illusion of continuity. No American ally faces a ruder awakening than Europe, whose relationship with the United States is now fundamentally damaged.
Core partners in Asia like Japan, South Korea, India, as well as Australia worry about being hit with tariffs and will do what they can to defuse conflict, but they also know their geo-strategic position vis-à-vis China means Trump can’t afford to alienate them entirely. Accordingly, their relations with Washington should remain comparatively stable over the next four years.
America’s largest trade partners, Mexico and Canada, are facing more significant trade pressures from the Trump administration, but the imbalance of power is such that they have no credible strategy to push back. Everyone understands they’ll have to accept Trump’s terms eventually; the only question is whether capitulation comes before or after a costly fight. Read on
7.Sweden to increase defence spending sharply to 3.5% of GDP
Sweden has said it will increase defence spending to 3.5 per cent of GDP by 2030, becoming the latest European country to propose a sharp rise as it cited Russia’s war in Ukraine and uncertainties over US commitment.
The rise from the current 2.4 per cent, to be funded largely by borrowing, was set out by centre-right prime minister Ulf Kristersson on Wednesday and has been agreed with the four parties that support his government.
European countries are racing to increase military spending under the twin threat of Russian aggression and US President Donald Trump warning them that they need to shoulder more of the burden for their own defence.
Frontline Nato states such as Estonia, Lithuania and Poland are all targeting 5 per cent of GDP for defence from next year, in line with Trump’s most aggressive target. Many diplomats think a Nato summit in The Hague this summer is likely to raise the military alliance’s goal from its current 2 per cent to about 3.5 per cent.
8.High-profile US officials will visit Greenland this week, reviving concerns that Washington is looking to annex the strategic Arctic island.
Greenland’s prime minister called the visit by a delegation including second lady Usha Vance and National Security Advisor Mike Waltz a “clear provocation,” in light of US President Donald Trump’s proposals to take control of the semi-autonomous Danish territory. The spat is a further sign that post-1945 proscriptions against seizing territory are crumbling, an expert argued in Foreign Affairs.
Russia’s 2014 invasion of Crimea was met with a weak reaction from world powers, and suggestions that Ukrainian territory should be handed over to Russia “further normalize territorial conquest.” Similarly, Trump’s statements about Greenland, Canada, and Panama are “worrying steps in the wrong direction.”
Ahead of a contentious visit to Greenland by Vice President JD Vance, Trump reiterated his desire for the US to annex the Danish territory. Trump said Vance’s mission would be to let Greenland know that the US needs it for international safety and security. Whether Greenlanders wished to become Americans or not appeared to be of secondary concern to him. “I don’t know. I don’t think they’re un-eager, but I think that we have to do it, and we have to convince them,” he said.
9.YouTube Unseats Disney Atop Nielsen’s February TV Distributor Rankings
YouTube hit a record 11.6% of all TV viewing in February, according to the latest edition of Nielsen‘s Media Distributor Gauge Report.
That put the Google-owned video giant in the No. 1 spot, ahead of Disney. The 11.6% stat had been released as part of a prior February recap by Nielsen, but Tuesday’s rankings measure viewing by distributor.
The top finish was only YouTube’s second since the Media Distributor Gauge Report launched about a year ago. The report groups together all platforms of the Walt Disney Co. (including ESPN, ABC and streaming), and most times the breadth of the portfolio carries the day. In February, though, Disney fell to No. 2, while Fox Corp. rode a surge of tune-in to the Super Bowl across broadcast and streaming outlet Tubi to edge Netflix and end up third.
10.The No. 1 Restaurant in Asia Is Gaggan in Bangkok (Again)
Bangkok is on a roll in the world of fine dining. One of its most famous restaurants, Gaggan, has been crowned the No. 1 restaurant in the region on the Asia 50 Best Restaurants list.
Chef Gaggan Anand’s storied spot is known for its wildly innovative dining experience, which spans 22 courses and features an Indian-accented cuisine. The multisensory meal—Anand incorporates music and imagery—goes for 16,000 Thai baht (about $473) and features dishes like a reimagined yogurt and chutney snack.
Anand’s winning night didn’t stop at the No. 1 spot. His year-old dining room Gaggan at Louis Vuitton came in at No. 31.
The highest rated Indian restaurant was Masque at No 19 and the only other Indian restaurant on the list was Indian Accent at No. 46.