The success stories of Indian entrepreneurs continues to scale new heights. India’s economic growth slowed down this year due to Demonetization and the nationwide roll out of the GST. But, according to Forbes India’s 100 Rich list, the combined wealth of the nation’s 100 richest people reached a staggering $ 479 billion despite the slump in growth.
Several newcomers were added to this years list including O.P. Jindal group’s Chairperson Savitri Jindal and biotechnology pioneer Kiran Mazumdar-Shaw. However, one name has topped the list of India’s richest people a multiple number of times. The Chairman and Managing Director of Reliance Industries, Mr. Mukesh Ambani cemented his decade long hold on the number 1 spot by adding a staggering $ 15.3 billion to his net worth. His net worth swelled to $38 billion, making him one of Asia’s top five richest persons. According to Forbes, Ambani’s shares were boosted due to Reliance Jio’s unmatched success since it’s launch in 2016. At present, the telecom giant has close to 130 million registered customers.
Younger brother and chairman of the Reliance Group, Anil Ambani, was ranked much lower at 45th place with a net worth of $ 3.15 billion. Reliance, which was founded by business tycoon Dhirubhai Ambani, was divided between the two brothers after the demise of their father in 2002. Since then, Mukesh Ambani has run the oil and gas giant Reliance Industries while Anil Ambani runs his separate empire in telecom, financial services, media and infrastructure industries.
Azim Premji took up the second spot on the list, moving up two places from last year, with a net worth of $ 19 billion. The Hinduja family, which comprises of the four brothers Srichand, Gopichand, Prakash and Ashok Hinduja, take up the third position with a combined net worth of $ 18. 4 billion. The multinational conglomerate Hinduja Group’s business ranges from trucks and lubricants to banking and cable television.
This year, seven women joined India’s Richest list with Savitri Jindal taking up the highest position at the 16th spot with a net worth of $ 7.5 billion. The co founder of Yes Bank, Rana Kapoor along with Dinesh Nandwana of the egovernance services firm Vakrangee and the founder of the digital wallet Paytm, Vijay Shekhar Sharma were the newest entrants.
Watch the success story of India’s richest man Mukesh Ambani here –
Zoho Corporation has expanded its fintech portfolio with the launch of Zoho Pay, a UPI-based payments app built to challenge India’s top digital payment giants such as PhonePe, Paytm, and Google Pay. The new app supports peer-to-peer transfers, bill payments, QR-based transactions, and merchant settlements in a streamlined interface. Available as both a standalone app and an integrated feature inside Zoho’s privacy-driven messenger Arattai, Zoho Pay enables users to handle chats and payments in one platform, emphasizing data privacy and Made-in-India innovation.
Through seamless integration with Arattai, Zoho Pay allows users to send or request payments, split expenses, and conduct UPI-based transactions directly in their chat windows. Users can link bank accounts, scan dynamic QR codes, and receive audio confirmations of payments, ensuring speed and security. This design mirrors the simplicity of India’s leading UPI apps but is powered by Zoho’s non-advertising, privacy-first model. The integration aligns with Zoho’s mission to build a self-reliant digital ecosystem, where messaging and money management coexist securely.
In the competitive digital payments market, Zoho Pay differentiates itself through its tight business software integration with apps like Zoho Books, Zoho Payroll, and Zoho Commerce, offering small businesses unified access to payments, billing, and accounting. The company is also expanding its reach with POS devices for merchants featuring UPI QR, card payments, and instant reconciliation tools. With founder Sridhar Vembu’s vision of a ‘Chat + Pay’ ecosystem, Zoho Pay reflects a bold step toward redefining India’s fintech scene with a secure, ad-free, and locally developed alternative to global payment platforms.
Meta has expanded its AI-powered translation feature for Reels to include Hindi and Portuguese, joining English and Spanish in empowering creators to reach a broader global audience on Instagram and Facebook. Originally launched in August 2025 with support for English and Spanish, this update now allows creators to seamlessly translate and dub their short videos, breaking language barriers across some of the largest Reels markets worldwide. The AI technology mimics the creator’s voice tone and even offers lip-syncing to ensure the translated videos feel natural and engaging for viewers.
This enhancement is especially significant for India, the largest market for Facebook and Instagram, where over 600 million people speak Hindi. Content creators who are not fluent in Hindi can now easily access this vast audience, increasing their reach and engagement across diverse linguistic groups. To maintain transparency, all translated Reels are clearly labeled with “Translated with Meta AI,” and viewers can choose to switch translations on or off based on their preference.
In addition to voice dubbing, Meta is developing features to translate captions and text stickers on Reels, making content more accessible even without sound. These AI translation tools are available free for eligible public Instagram accounts and Facebook creator profiles with over 1,000 followers. This innovation reinforces Meta’s commitment to fostering cross-cultural content sharing and enhancing creators’ ability to connect with audiences around the world through short-form videos.
Reliance Industries has officially written off its $200 million investment in Dunzo, a once promising quick-commerce startup in India. Despite high-profile backing and the potential to disrupt the hyperlocal delivery sector, Dunzo faced insurmountable challenges including high operational costs, unsustainable cash burn, and stiff competition from larger players like Zepto and Blinkit. Reliance’s decision follows Dunzo’s operational suspension, leadership exits, and failed attempts at securing additional funding or acquisition partners, ultimately resulting in the company’s digital platforms going offline in early 2025.
The downfall of Dunzo was accelerated by its inability to maintain a healthy balance between rapid expansion and revenue growth, with losses in FY23 reaching an alarming ₹1,800 crore. With monthly expenses crossing ₹100 crore and mounting pressure to scale, Dunzo resorted to layoffs and delayed payments before shutting down most services outside Bengaluru. Reliance’s significant stake, initially seen as a strategic advantage, ended up limiting the startup’s flexibility in making independent decisions during its final months.
Reliance’s write-off sends a strong message to India’s startup ecosystem about the risks inherent in quick-commerce and hyperlocal delivery models. Investors are increasingly focused on sustainable growth, disciplined scaling, and profitability. For Reliance, lessons from Dunzo’s collapse are shaping future e-commerce strategies, driving greater emphasis on operational efficiency and prudent financial planning in an intensely competitive market.