Moha News

Swarup Mohanty Interview - Swarup Mohanty, the CEO of Mirae Asset Mutual Fund is scared of retiring. Mohanty is 'paranoid' because he firmly believes that India is going to face a medical inflation, and the cost of healthcare will be much higher than it is now. Hence, he has a health cover of a whopping ₹4 crore for his family. Mohanty & his wife are also art connoisseurs, and invest quite heavily in artwork. On this episode of Guru Portfolio, a riveting chat with the CEO of India's only mutual fund which has 100% foreign ownership - watch!

Amid strained ties with India, Maldives has inked a pact for free military assistance from China. This comes even as the process of Indian troops' withdrawal from Maldives and replacing them with civilian personnel has started. This also comes days after a Chinese research vessel was allowed to dock in Maldives despite India's protests. Meanwhile, considering tension in the Indian Ocean Region is ratcheting up, India is opening a full-fledged Naval base in Minicoy in Lakshadweep. Watch

EAM Jaishankar while responding to a question on India's perception has a 'big bully' in the neighbourhood, pointed out how India has always stepped up and gone our of the way to help neighbouring countries. Taking a swipe at Maldives President Mohamed Muizzu, Jaishankar reminded him that India gave Maldives $4.5 billion in aid when they needed it. He also referenced how India gave other countries vaccines during the peak of COVID-19. WATCH

From 2013 to 2018, former Maldives President Abdulla Yameen borrowed heavily from Beijing for construction projects. In 2021, Maldives foreign debt was 3 billion dollars, according to the World Bank. In November 2023, IMF warned Maldives that they're at a high risk of external debt distress. Now, IMF has raised a red flag again, saying that they're at a high risk of debt distress. Without getting into exact details of the foreign debt, IMF says that Maldives must URGENTLY adjust their policy. But Muizzu seems to be set on repeating his mentor's mistake. Watch

The Association of Democratic Reforms has released a report on the asset of Indian MLAs. The report analyzed 4001 sitting MLAs from 28 states and two Union Territories of India. Karnataka Deputy Chief Minister DK Shivakumar has topped the list as the richest MLA in the country with assets worth ₹1,413 crore, according to the ADR report.

Have you ever wondered how much wealth the current chief ministers of India possess? According to a report by the Association for Democratic Reforms (ADR), out of the 30 current chief ministers of states and union territories, 29 are crorepatis with Andhra Pradesh's Jagan Mohan Reddy having the highest assets totalling ₹510 crores. The report analyzed self-sworn poll affidavits of all the 30 current chief ministers.

Vinay Mohan Kwatra said the concerns and challenges of developing countries often do not get due attention on the global stage

As part of the ongoing Series G round, it has raised $266 mn from Alkeon Capital and others

According to a statement issued by the Chief Minister's Office (CMO), the Chief Minister also announced that the second phase of the Naadu-Nedu programme would also be launched on August 16

Indel Money's chief executive says gold loan is gaining currency among business owners and households in India