Dr. Thumbay Moideen is the 7th richest among UAE-based Indians
Barclays Hurun India Rich List 2018
Mumbai : Thumbay Group Founder President Dr. Thumbay Moideen has been ranked the seventh richest among UAE-based Indians in the Barclays Hurun India Rich List 2018.
“Dr. Thumbay has been ranked 59 in the list which features 755 ranks in total. Dr.Thumbay Moideen’s wealth has been assessed as amounting to approx. USD 2 billion,” said a release.
According to the list, Dr. Thumbay Moideen is the 7th richest among UAE-based Indians, out of the 21 UAE-based NRIs who have made it to the list.
‘Barclays Hurun India Rich List 2018’ – is a compilation of the richest individuals in India having a net worth of Rs. 1,000 crore or more. In the 2018 edition, the list of individuals had increased by a third to 831 from 617 in 2017.
Reliance Group Chairman Mukesh Ambani has topped the list for the seventh consecutive year with the total net worth Rs. 3,71,000 crore.
Interestingly, the cumulative wealth of the 831 individuals featured in the list stood at USD 719 billion –amounting to a quarter of Indian GDP of USD 2,848. With 233 names hailing from Mumbai, the city emerged as the hub of the rich. While the New Delhi and Bengaluru stood second and third with 163 and 70 names respectively.
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KSCA expresses disappointment over missing IPL playoffs, says it was ready to host matches in B’luru
Bengaluru: The Karnataka State Cricket Association (KSCA) has issued a clarification stating that it was fully prepared to host the IPL playoffs and final matches in Bengaluru but the fixtures were allotted to other venues.
In a media note, KSCA said it was disappointed with the decision. The association stated that its president, former India cricketer Venkatesh Prasad, had been in touch with the Board of Control for Cricket in India (BCCI) and had formally conveyed the association’s readiness and interest in hosting the matches at the M. Chinnaswamy Stadium.
KSCA said the IPL matches held in Bengaluru this season were appreciated for smooth conduct, crowd management and overall experience for spectators. It said this reflected its ability to handle high-profile matches.
The association also stated that it had sent a detailed communication to the BCCI explaining its preparedness and the operational arrangements followed during the current IPL season. According to KSCA, these systems have been in place since the start of the Indian Premier League in 2008 and were followed consistently, including during previous playoff matches hosted in Bengaluru.
The clarification added that the communication sent to the BCCI was only meant to provide factual and operational details and to bring clarity on logistical and stakeholder-related requirements involved in hosting such matches.
KSCA said that although it had shown willingness and preparedness, the BCCI has decided to allocate the playoff matches to other venues. It added that the reasons for this decision have not been formally shared with the association, but it respects the authority of the board in taking such decisions.
The association further said it remains ready to host matches of national and international importance and will continue to cooperate with the BCCI, franchises, government authorities and other stakeholders for conducting cricket events.
The statement was issued by KSCA official spokesperson Vinay Mruthyunjaya, who also thanked the media and cricket fans for their continued support.
