📊 Index & Rankings
Larry Ellison, Oracle’s CTO, temporarily overtook Elon Musk as the world’s richest person following a stock surge in Oracle Corporation.
- Ellison’s net worth rose by $89 billion in a day, reaching $383.2 billion
- Musk reclaimed top spot the next day, edging ahead by $1 billion
- In early 2025, Ellison rose from 4th to 2nd, surpassing Mark Zuckerberg (#3) and Jeff Bezos (#4)
Musk has been No.1 for 16 consecutive months and was the first to hit $400 billion net worth (in 2024).
🇮🇳 National News
Two of Andhra Pradesh’s natural marvels — Tirumala Hills and Erra Matti Dibbalu (Red Sand Dunes) near Visakhapatnam — have been placed on the UNESCO Tentative List of World Heritage Sites.
- Spread over 1,500 acres
- Composed of sand, silt, and clay layers
- Showcases sedimentary patterns and Quaternary sea-level change evidence
- Famous for the Tirupati temple
- Hosts the Eparchaean Unconformity — a visible junction where 1.6-billion-year-old rocks meet younger layers
- One of the oldest unconformities worldwide
AIIMS, New Delhi has become India’s first government-run medical college to provide training on the da Vinci Robotic Surgical System.
- Installed at the SET (Skills, E-Learning & Telemedicine) Facility
- Also houses Hugo Robotic Trainer (Medtronic)
- AIIMS is unique in offering two robotic systems for medical training
- da Vinci by Intuitive Surgical enables minimally invasive surgeries, 3D visualization, and faster patient recovery
Training: Open for students, residents, faculty, nurses across urology, gynecology, oncology, general and head & neck surgery.
Tata Advanced Systems Ltd (TASL) successfully built and installed the first Lanza-N 3D Air Surveillance Radar on an Indian Navy warship.
- Naval version of Spain’s Indra Lanza 3D radar
- Part of a $145 million deal signed in 2020
- Indra delivers 3 full radars; TASL assembles 20 more locally
- Detects aircraft within 9–474 km range and up to 100,000 feet altitude
- Completes rotation every 10 seconds for continuous tracking
Marks TASL as the first Indian firm to develop and integrate next-gen naval radars — a major step towards Atmanirbhar Bharat.
India achieved a historic victory over ninth-seeded Switzerland with a 3–1 scoreline in the Davis Cup 2025 World Group I tie at Biel, Switzerland.
- Secured place in 2026 Davis Cup Qualifiers
- First away win against a European team since 1993
- Last such win: 1993 Davis Cup quarterfinals — Leander Paes and Ramesh Krishnan led India to 3–2 victory over France
- Ended a 32-year wait
💼 Business & Economy
The National Institute of Fashion Technology (NIFT), Patna, under the Ministry of Textiles, entered into an MoU with Aditya Birla Fashion and Retail Limited (ABFRL).
- Provide industry-specific training to rural women in Bihar
- Enable skills aligned to the textile industry’s needs
- Offer direct employment opportunities within Bihar’s textile sector
- Boost local economic empowerment
Ant Financial, controlled by Chinese billionaire Jack Ma, reduced its stake in Eternal (the rebranded parent company of Zomato and Blinkit).
- Sold 1.46% stake (14.13 crore shares) worth ₹4,097 crore
- Shareholding dropped from 1.95% to 0.49%
About Eternal: Rebranded in March 2025 from Zomato Ltd. Reported a consolidated profit of ₹25 crore in Q1 FY2025–26.
India’s external debt rose by over 10%, reaching $736.3 billion at the close of FY2024–25, up from $668.8 billion in FY2023–24. This marks the fastest growth in 7 years.
| Metric | Value |
|---|---|
| Debt-to-GDP Ratio | 19.1% |
| Long-term Debt | 81.7% |
| Short-term Debt | 18.3% |
| US Dollar Share | 54.2% |
| Indian Rupee Share | 31.1% |
Top creditors: Commercial lenders (39.6%), NRI depositors (22.4%). Sources: Loans (34%), Currency & deposits (22.8%), Trade credits (17.8%).
The Reserve Bank of India (RBI) purchased a 4.16-acre land parcel at Nariman Point, Mumbai, from the Mumbai Metro Rail Corporation Limited (MMRCL).
- Value: ₹3,472 crore + stamp duty of ₹208.3 crore
- Registered on 5 September 2025
- Acquired for self-use and commercial purposes
- RBI’s HQ remains in Fort, South Mumbai
- Acquired on freehold basis (absolute ownership rights)
The land earlier housed government offices and a political party office (113,500 sq. ft.). RBI paid ₹600.82 crore as one-time settlement for rehabilitation.
🌐 International News
India revealed a $680 million special package for Mauritius, supporting healthcare, infrastructure, and maritime security.
| Component | Amount |
|---|---|
| Grants (Hospital, AYUSH Centre, Veterinary school, Helicopter) | $215 million |
| Grant-cum-Line of Credit (ATC Tower, Port, M4 motorway) | $440 million |
| Budgetary assistance for FY2025 | $25 million |
Also includes 17.5 MW floating solar project at Tamarind Falls with NTPC Ltd. collaboration.
🔬 Science & Technology
Tata Consultancy Services (TCS) and France’s public research organization CEA signed a partnership to co-develop Physical AI.
- Merges robotics, AI, and smart systems
- Enables machines to interact effectively with the physical environment
- Applications: Manufacturing, logistics, automation
TCS in France: Operating since 1992, serving 18 CAC40 firms with 4 delivery centers in Paris-Suresnes, Lille, Poitiers, Toulouse.
📅 Important Days
Celebrated annually on 15 September to honor Sir Mokshagundam Visvesvaraya, Bharat Ratna awardee and engineering visionary.
2025 Theme: “Deep Tech and Engineering Excellence: Driving India’s Techade”
- Declared by Government of India in 1968
- Designed automatic water floodgates in 1903 (Khadakwasla reservoir, Pune)
- Served as Diwan of Mysore (1912–1918)
- Conferred Bharat Ratna (1955) and Knight Commander (1915)
- Founded Government Engineering College, Bengaluru (1917) — now UVCE
Observed globally on 15 September to promote and uphold democratic principles.
- UN General Assembly declared it in 2007
- First observed in 2008
- Democracy originates from ancient Greece
- US Constitution (1789) and French Revolution (1787–1789) set modern democratic benchmarks
- Date coincides with the Conference of New or Restored Democracies (1998)
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