Colombo (LNW): Seven companies have submitted expressions of interest (EOI) for the proposed new oil refinery in Hambantota, disclosed Power and Energy Minister Kanchana Wijesekara in a tweet today (28).
7 companies have submitted EOIs for the proposed New Refinery in Hambantota by the deadline yesterday. The technical evaluation committee & other procurement committees will evaluate EOIs and issue the RFPs to suitable applicants. pic.twitter.com/vOeNuHmNEO
Companies had submitted EOIs by the deadline yesterday (27) pertaining to the oil refinery to be developed in Mirijjawila, he went on, adding that the technical evaluation committee & other procurement committees will evaluate EOIs and issue the request for proposals (RFP) to suitable applicants.
Colombo (LNW): Veteran singer, songwriter and musician Prof. Sanath Nandasiri has passed away at the age of 81.
He was known for many Sinhala hits of our time, including Adara Samarum, Koho Koho, Pemathura Hangum, Game Kopi Kade, Hichchi Nage, Wikasitha Watha Kamale, Bambaru Nodutu Malak, Pini Watunu Mal, Mage Ratata Dalada Himi Saranayi and many more.
Colombo (LNW): Showers or thundershowers may occur at a few places in Western, Sabaragamuwa, Uva and North-western provinces and in Kandy, Nuwara-Eliya, Galle, Matara and Mannar districts during the afternoon or night, the Department of Meteorology said in a statement today (28).
General public is kindly requested to take adequate precautions to minimise damages caused by temporary localised strong winds and lightning during thundershowers.
Marine Weather:
Condition of Rain:
Showers or thunder showers will occur at a few places in the sea areas off the coast extending from Mannar to Matara via Puttalam, Colombo and Galle during night.
Winds:
Winds will be north-easterly or variable in direction and wind speed will be (20-30) kmph.
Colombo (LNW): India and Sri Lanka joined hands to develop jointly-identified priority areas for collaboration in the energy sector.
A high-level Indian delegation called on Sri Lankan President Ranil Wickremesinghe in Colombo on Sunday and briefed him on the developments in the jointly-identified priority areas for collaboration in the energy sector.
President Wickremesinghe provided his insights on the early implementation of these initiatives, the Indian High Commission in Colombo said.
The Indian High Commission said India will offer Sri Lanka 500 solar-powered indoor cooking systems.
During his recent visit to Sri Lanka, Chairman Indian Oil Corporation Limited (IOC) Shrikant Madhav Vaidya donated 500 indoor solar cooking systems called ‘Surya Nutan’ to the Government of Sri Lanka through Lanka IOC.
One such cooking system was physically presented to and unveiled by President Ranil Wickremesinghe who was highly appreciative of the unique innovation and noble initiative.
Surya Nutan is an indigenous indoor solar cooking system designed, developed and patented by IOC’s Research &Development Centre. Surya Nutan is a stationary, rechargeable and always kitchen connected indoor cooking solution capable of catering cooking needs of households.
It has the capability to cook food through boiling, steaming, frying and baking and works on both solar and auxiliary energy sources simultaneously.
The product gets charged and discharged simultaneously while performing its function of indoor cooking. This low maintenance, easy and safe to use cooking system is said to have a long life.
These solar cooking systems shall shortly be delivered to the Government of Sri Lanka by Lanka IOC.
The occasion was marked by the presence of Secretary, Ministry of Petroleum and Natural Gas, India Pankaj Jain, High Commissioner of India to Sri Lanka Gopal Baglay and other dignitaries of the energy delegation from India.
The Lanka India Oil Company (LIOC), the local operator of Indian Oil Corporation (IOC), said the visiting Secretary to the ministry of power and natural gas Pankaj Jain and Chairman IOC Shrikant Madhav Vaidya had earlier visited the Trincomalee eastern Sri Lanka’s IOC terminal.
Sri Lanka and India run a joint venture storing fuel in the World War II time storage tanks in Trincomalee.
Jain had inaugurated three new LIOC retail fuel sheds in their ongoing expansion whilst addressing the chamber of commerce and attended a meeting of chief executive officers of leading Indian businesses based in Sri Lanka.
Chairman IOC Vaidya said he was delighted to have met former World Cup-winning Sri Lankan cricket captain Arjuna Ranatunga.
The top-level Indian delegation on the petroleum sector is expected to have extensive talks with their Lankan counterparts for further collaboration, LIOC said.
LIOC provided much assistance to Sri Lankan fuel consumers at the height of the country’s worst economic crisis.
Colombo (LNW): Economic crisis battered Small and medium enterprises (SMEs), including women-owned small businesses are breathing sigh of relief following the opening avenues of digital market to them with the assistance of the International Finance Corporation (IFC).
The International Finance Corporation (IFC) is supporting the Commercial Bank of Ceylon (CBC) to launch a digital marketplace in Sri Lanka, helping business owners connect with more customers locally and abroad.
Named Commercial Bank LEAP, this one-of-its-kind initiative, which is supported under the Women in Work partnership between IFC and the government of Australia, will open new market opportunities and build business connections for all SMEs including women-owned SMEs corporate and businesses.
It will be creating an international marketplace to buy and sell products and raw materials. The platform will also assist businesses to digitize their core banking activities, provide business intelligence and will feature multiple sales channels.
It will also provide access to CBC’s banking services including loan products, non-financial services and insurance.
“Commercial Bank is to join hands with IFC to launch this pioneering digital marketplace ‘Commercial Bank Leap’. Building digital experiences around customers’ journeys and it is an ideal fit for the Bank, considering our committed focus on digitizing the banking landscape in Sri Lanka.
We believe this will address the need gaps of enterprises including women led businesses and allow them to reach cross boarder levels in the global marketplace,” said Sanath Manatunge, Managing Director/Chief Executive Officer of CBC.
Of all SMEs in Sri Lanka, a quarter of which are owned or managed by women. Overall, SMEs account for around 45 percent of Sri Lanka’s formal employment.
But the research shows lack of access to finance and business know-how holds many businesses in Sri Lanka, specifically women-owned, back from expending their businesses beyond their informal micro-scale enterprises.
“Sri Lanka’s macroeconomic crisis has had a negative and disproportionate impact on small businesses, particularly those owned by women, in their access to a wide range of customers and export revenue,” said Joon Young Park, IFC’s Regional Portfolio Manager, Financial Institutions Group for South Asia.
“This is a timely and innovative initiative, offering a real avenue for small business owners to connect on a digital platform, access new financial products and grow their businesses, to help them not only survive but thrive, which will also positively impact the growth of Sri Lanka,”he added.
Widespread differences between men and women in digital and financial inclusion continue to hold back women entrepreneurs.
In 2020, an IFC study assessing over 400 SMEs highlighted the significant gaps in Sri Lanka in terms of the uptake of digital business channels, with only a quarter of women-owned businesses trying a new digital channel, compared to one-third of male-owned.
Under this initiative, Globalinker has been selected as the platform provider for the newly built digital marketplace, with the platform allowing SMEs to not only connect with others in the country but also abroad.
In IFC’s over 50 years of operations in Sri Lanka, CBC has been a longstanding partner, dating back to 2003. IFC has supported CBC through multiple investments as well as through advisory support and currently holds a 7 percent equity stake.
CBC is also one of the three banks that received support from IFC through a $400 million cross-currency swap facility to help facilitate the imports of essential goods such as food, medicines and fertilizers.
01. President Ranil Wickremesinghe says SL’s access to the growing Indian and African markets should not be disrupted by any ‘big power rivalry’ or conflict; asserts Sri Lanka supports ASEAN’s vision of the Indo-Pacific region and is committed to ensuring the freedom of navigation in the Indian Ocean and the security of undersea cables, as it is essential for the future of the country.
02. Finance State Minister Ranjith Siyambalapitiya says Sri Lanka is due to receive US$ 7 billion more as a debt from two foreign banks, ADB and WB; stresses the international trust lost to the ‘debt default’ announced in April last year was restored following the IMF’s EFF.
03. Auditor General W.P.C. Wickramaratna warns many govt agencies have not yet handed over their financial statements on time, and in the backdrop the fulfillment of the conditions imposed by the IMF in the granting of loans to Sri Lanka may also be hindered; laments some public bodies tend to submit their statements of five years at once beyond the ‘correct procedure,’ and such reports cannot be accepted.
04. A Parliament Select Committee appointed to probe the levels of child malnutrition in Sri Lanka: Expected to inquiry into whether the child malnutrition issue in Sri Lanka is aggravating, to identify short-term, medium-term and long-term solutions to be implemented, and to oversee the speedy implementation of the measures due on establishment.
05. Senior Director of the global human rights watch dog Amnesty International Deprose Muchena arrives in Sri Lanka for the launch of Amnesty’s global annual report: Set to address the event as the key speaker: Aims to use his presence to highlight and stress on the urgent necessity to protect and promote human rights in Sri Lanka.
06. A Cabinet paper presented on the salaries of the public servants expecting nominations to contest the LG Polls: About 3,000 public servants expecting nominations and deprived of their salaries are suffering due to the incessant delay in the holding of the Polls: Subject Minister Janaka Wakkumbura said the aforementioned Cabinet paper will resolve the matter.
07. Drug trafficker ‘Army Sanath’ believed to be the weapons mule to underworld gangster Nandun Chinthaka alias ‘Harak Kata’ arrested by the Police STF: Suspect wanted for a series of crimes and arrested for the possession of 15 g of heroin: Sanath at the behest of Kata said to have had delivered arms used to commit shooting, and wiped them clean after the crimes were committed, later to be handed over to various other individuals.
08. IOC Chief Shrikant Madhav Vaidya called on President Ranil Wickremesinghe over the weekend: Vaidya presents 500 IOC-produced indoor solar cooking systems to Sri Lanka, and a unique jacket made of sustainable threads retrieved by recycling PET bottles under India’s ‘Unbottled Initiative’.
09. Finance State Minister Ranjith Siyambalapitiya says the sale of alcohol and cigarettes has dropped by 30 – 40 per cent, due to the imposition of a higher tax on them; adds most low-income earners are unable to afford alcohol and cigarettes.
10. The Sri Lanka Rupee on Monday indicates another slight depreciation against the US Dollar: Buy price Rs. 314.82; Sell price Rs. 332.58: The US Dollar said to be sold for higher prices in the black market.
27.03.2023 (Amnesty International): Deprose Muchena will be the key speaker at the regional launch of the Annual Report 2023 on 28 March in Colombo, Sri Lanka. Given the current economic crisis and human rights situation in Sri Lanka, he aims to use his presence to highlight and stress on the urgent need to protect and promote the rights of the of the island’s 22 million people.
Deprose Muchena is the Senior Director for Regional Human Rights Impact at Amnesty International where he oversees Amnesty regional offices across the world to lead the mandate of expanding human rights footprint.
He has previously worked with United States Agency for International Development (USAID) and Open Society Initiative for Southern Africa (OSISA). He has co-edited two books and holds two Master’s Degrees from the University of Cape Town and University of Zimbabwe. He has undertaken advanced Leadership training at Harvard University, Syracuse University, and INSEAD Business School.
Deprose Muchena will be available for media interviews on a range of human rights issues including:
Sri Lanka’s economic crisis, IMF loan and paths to inclusive reforms and accountability
Rich, western countries’ double standards and the failure to unite around consistently applied human rights and universal values
Inadequate responses to a climate and refugee crisis in South Asia, and intense crackdown on the right to protest in Sri Lanka, Pakistan, Bangladesh, Maldives, India, Afghanistan and Nepal
Failure to protect Women’s rights and freedom to protest
Colombo (LNW): A Cabinet paper on the salaries of the public servants who are expecting nominations to contest the upcoming Local Government Election is set to be presented to the Cabinet by Prime Minister Dinesh Gunawardena today (27).
The move comes in weeks after the paycheques of the public servants who had submitted nominations for the LG Polls were suspended.
Due to the suspension of the salaries, about 3,000 public servants expecting nominations were thrown into a pit of torment amidst the ongoing uncertainty of the holding of the Polls, but the government says that the aforementioned paper will resolve the matter.
The Cabinet paper is being presented in consideration of the upcoming Festive Season and requests that the basic salaries of the said public servants be paid from March 09 to April 25, 2023, State Minister of Local Government and Provincial Councils Janaka Wakkumbura said.
A method letting the government employees resume work at their workplaces instead of being paid only the basic salary may be sought, should the LG Polls delay even further, he went on, adding that any other future action will be taken in consultation with the Election Commission.
NJCM India: India’s economy has become the world’s fifth-largest economy, and the contribution of the Indian billionaires in building our economy can’t be ignored. Although the nation’s economy largely suffered due to the pandemic, efforts are made by the Indian government, and the richest men in India play a vital role in it. Thus here in our article, we will let you know the names of the Indian Richest Man 2023 Top 10 List with Net Worth in USD & INR. So if you are keen to know who is the Indian Richest Man 2023 keep reading the post till the end.
Indian Richest Man 2023
Our Indian economy is a mixed middle-income developing social economy. Likewise, in every nation, the country’s billionaires play a vital economic role. These billionaires adapt to the changing business needs of the growing global population to sustain themselves in the market and to be at the top position in the list of the Top 10 Indian Richest Man.
Although the net worth of the wealthiest Indian fluctuates with the inconsistent market conditions resulting in a change in the no. of position in our list of the Top 10 wealthiest men in India. Hence to know who is the Indian Richest Man 2023, keep scrolling down.
Top 10 Indian Richest Man List
The Top 10 List of Indian Richest Man changes every year. The data collected from various surveys are considered before preparing the Top 10 List of Indian Richest Man. Popular magazine Forbes listed the wealthiest man in India at the end of the previous year, 2022.
You will be surprised to know the Indian Richest Man as he grabs the first position by not just with a mere difference; instead, his net worth is almost double of the man coming at the second position. The reason for this difference is majorly due to the pandemic. So without any further delay, let’s dive into the topic.
The industrialist and the founder of the Adani Group, Gautam Shantilal Adani, is the Richest Man in India. Since the Modi government came into existence, Adani’s firms have won many Indian infrastructure and energy government contracts. Despite the allegations of stock manipulation and fraud, the net worth of the billionaire drastically increased by 60%. The Business conglomerate has now placed in the 26th position in the list of the world’s richest men of Forbes and the Bloomberg Billionaire Index.
The business tycoon has a variety of industries including real estate, power generation, commodities, infrastructure, mining etc. In 2020 Adani bought a 74% share in Mumbai International airport. Moreover, he also started a coal mining project in Australia.
The Chairman of Reliance Industries, Mukesh Ambani, holds the ninth position in the global ranking of the top billionaires and second in our list of Indian Richest Man. Amabni dominates the Indian telecom market and is interested in diverse fields like retail, petrochemicals, oil and gas and many more. Amabani’s Reliance Industries is the most valuable company in the Indian market. The business tycoon raised over $20 billion by selling a third of the telecom company Jio to Google and Facebook during the pandemic.
Shiv Nadar, nicknamed Magus, is the founder and chairman of HCL Technologies and Shiv Nadar Foundation. The tech giant founded HCL in the middle of1970s and, over three decades, made the hardware company into an IT corporation. After his retirement in 2020, his daughter is working as the CEO of the IT company HCL. The billionaire is the 56th richest man in the world, according to Forbes and is also known for his donations. He almost donated over $ 650 million to his Shiv Nadar Foundation to subsidise education in India.
4. Cyrus Poonawalla – Net Worth- $ 24.3 billion USD & INR 1.73 Lakh Crore
Cyrus S. Poonawalla is the Chairman and MD of the Cyrus Poonawalla Group. Poona walla’s Serum Institute of India is the world’s largest manufacturer in India, and Poonawalla Fincorp is a supreme NBFC in India. In the Forbes list of the Indian Richest men, Cyrus Poonawalla ranked number four with $ 24.3 billion. His son Adar has recently invested $ 800 million in constructing a new plant producing Covid-19 doses.
5. Savitri Jindal and family- Net Worth- $ 20.5 billion USD & INR 1.62 Lakh Crore
Savitri Devi Jindal, the widow of Omprakash Jindal, the founder of O.P. Jindal Group, is a businesswoman and politician. She presently serves as the chairperson of O.P. Jindal Group and the president of Maharaja Agrasen Medical College, Agroha. She is the richest woman in India. Following her husband’s death in a helicopter crash, she managed the business very well, and the business also grew under her leadership.
The business magnate Radhakishan Shivkishan Damani is the founder of Avenue Supermarts Limited and most famously known as the retail king in India. When he started, he held a single supermarket in Mumbai, and now his retail chain has more than 221 DMarts stores. Mr Damani is also th owner of an investment firm, Bright Star Investments Limited. Moreover, he also owns stakes in the tobacco company VST and Indain Cements. He was ranked 98th on the list of the Bloomberg Billionaire Index.
Padma Shri awarded Dilip Shanghvi as the founder of a pharmaceutical company, Sun Pharmaceuticals. His company has now become the leading pharmaceutical supplier. In 2021 Shanghvi held the 14th rank on the list of the Richest Man in India. Currently, the businessman also invested in renewable energy and oil and gas.
8. Sunil Mittal and family- Net Worth- $ 14.8 billion USD & INR 1.35 Lakh Crore
Sunil Bharti Mittal, a renowned businessman and philanthropist, is the chairperson and founder of Bharti Enterprises. The business tycoon has an interest in real estate, telecom, malls, Agriculture and food, insurance, hospitality and other ventures. India’s biggest telecom company, Bharti Airtel, operate in 18 countries in Asia and Africa. He was also awarded the prestigious Padma Bhushan award in 2007.
Kumar Mangalam Birla is the chairman and CA of one of the giant conglomerates in India, Aditya Birla Group. Birla became the chairman of Aditya Birla Group following the demise of her father and increased the turnover of the company from US$2 billion to US$45 billion in six years. Over 50 % of the company’s revenue is from overseas, which includes 36 countries. Multiple famous brands like Van Heusen, Allen Solly, Ultra Tech cement, and Pantaloons are owned by the company.
Indian Steel king Laxmi Niwas Mittal is the founder of Mittal Steels, the largest producer of steel in India. He is the executive chairman of the world’s second-largest steel manufacturing company, Arcelor Mittal. In 2005 Lakshmi Mittal was the third wealthiest person in the world on the Forbes list. By that time, he was the first Indian to come to the top 10 list of wealthiest people in the world.
I hope you are now aware of the Top 10 wealthiest men in India. If you want to ask anything regarding the topic, you are welcome to ask in the comment box. For more such updates, do visit our website frequently.
Colombo (LNW): The Sri Lankan Rupee today (27) has once again indicated a slight depreciation against the US Dollar, revealed the Exchange Rates by the Central Bank of Sri Lanka (CBSL).
Accordingly, the buy price of a US Dollar is Rs. 314.82, and the sell price, Rs. 332.58.
The slight depreciation appears days after the Sri Lankan Rupee indicated an irregular fluctuation against the US Dollar, wobbling between appreciation and depreciation since the drastic drop of the value of the foreign currency three weeks ago.
Meanwhile, the US Dollar is said to be sold for higher prices in the black market, according to sources.
