Bill Gates is no longer the world's second-richest person. That title now belongs to French billionaire Bernard Arnault. Arnault, the CEO of luxury goods maker LVMH (LVMHF), overtook Gates Tuesday on the Bloomberg Billionaires Index. It's the first time since the index was created seven years ago that Gates has dropped out of the top two. Arnault has a net worth of around $108 billion, according to the index, having added $39 billion to his fortune in the past year. Microsoft (MSFT) founder Gates is worth $107 billion. The two men have also traded spots on another billionaires&#..

For Bengaluru-based Shubham Jain, 23, switching to an electric vehicle (EV) from a petrol car with an internal combustion (IC) engine (found in almost all cars, buses and motorcycles) has brought down the cost of daily commute considerably. The monthly commuting cost for Jain, who drives about 50km every day, has come down from ₹7,000 (fuel cost) to ₹1,500 (extra electricity bill), roughly. “I spent a lot on fuel earlier. An IC engine is undoubtedly more powerful but for commute within city limits, it does not have an edge over an EV," said Jain. The demand for EVs is catching ..

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Human rights lawyer Amal Clooney accused world leaders Wednesday of failing to protect journalists and responding with “a collective shrug” over the slaying of Saudi writer Jamal Khashoggi. Clooney, the British government’s envoy on media freedom, said at a conference on press freedom that “journalists are under attack like never before,” not just while covering wars but for exposing crime and corruption. “The vast majority of these murders go unpunished,” she said, adding that “world leaders responded with little more than a collective shr..

Chief minister Mamata Banerjee on Wednesday told the Assembly that farming was on the decline on the Singur land that had been reclaimed from the aborted Tata Nano project and returned to farmers, and those who did not want to continue cultivating it could not be forced to do so. Responding to questions from the Left, Mamata said her commitment was to return the land, and its subsequent use was the prerogative of the owners.  “Amar machh, ami matha khabo na lyaja, tar odhikar amar (It’s my fish, whether I will have its head or tail, that’s my prerogative),&rdq..

Ambani is waging a war on debt. He said on June 11 that his Reliance Group repaid Rs 350 billion in the past 14 months through asset disposals. But a large pile remains. The four biggest group companies still have about 939 billion rupees of debt. And that excludes Reliance Communications Ltd., Ambani’s former flagship firm, that recently slipped into insolvency. Further asset sales would help Ambani bolster the financial health of his group’s companies after a string of setbacks that included an auditor resigning at one of the firms and plunging stock prices at others. Rating cut..

Venezuelan President Nicolas Maduro on Monday received Indian Peace Ambassador Gurudev Sri Sri Ravi Shankar, who will mediate in the dialogue among the country''s major stakeholders.   After the meeting at the Miraflores Palace, the president ratified the roadmap to strengthen the rapprochement between the two parties, following the resumption of a new round of talks in Barbados on Monday. In statements to reporters, Maduro emphasized the Government's will to find a solution to the tense political situation in Venezuela. 'We have agreed that Sri Sri Ravi will h..

A full-fledged electric vehicle just made its debut in a market known for affordable, entry-level cars. South Korea’s Hyundai Motor Co. on Tuesday launched its Kona SUV in India, where 3.4 million new cars and SUVs hit the roads last year, and is the only major market without a real electric vehicle. The vehicle will sell starting at 2.5 million rupees ($36,000) in the South Asian nation, more than eight times the starting price for the Alto, India’s most popular and best-selling car that’s made by the local unit of Suzuki Motor Corp. Hyundai’s electric car plan..

“Experiential learning” will be on the focus of the Central Board of Secondary Education (CBSE) to make the teaching process student friendly. CBSE secretary Anurag Tripathi said that the board will have a punch line every year.  “Students should learn from what they study and use it. It should not be rote learning for them, which they only learn for exams and then forget,” he said adding that the CBSE will also thrust on academic improvement and soon will be unveiling a policy for it. “Students should learn from what they study and use it. It should no..

Apple’s Steve Jobs was singular in his ability to take a company “on a path to die” and turn it into the world’s most valuable- in part by “casting spells”, billionaire Bill Gates said.  Gates spoke of Jobs, the Apple Inc. co-founder and chief executive officer who died of pancreatic cancer in 2011, in a segment of leadership to be broadcast Sunday on CNN’s “Fareed Zakaria GPS”.  “I was like a minor wizard because he would be casting spells, and I would see people mesmerised, but because I’m a minor wizard, the spell..