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OYO’s Ritesh Agarwal wealth drops Rs 3,000 cr; Zerodha’s founders top Hurun India under 40 rich list

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OYO’s Ritesh Agarwal wealth drops Rs 3,000 cr; Zerodha’s founders top Hurun India under 40 rich list

Majority of India’s young internet entrepreneurs, who dominated the under-40 list of richest self-made entrepreneurs with a minimum net worth of Rs 1,000 crore, have seen their wealth go up this year amid the Covid pandemic and economic downturn.

IIFL Wealth and Hurun India’s Self-Made Rich List 2020 of entrepreneurs under 40 on Tuesday had online stock trading company Zeordha’s founders Nithin and Nikhil Kamath on the top with a 58 per cent increase in wealth from last year to Rs 24,000 crore.

OYO’s Ritesh Agarwal ranked ninth richest and Vu Technologies’ Devita Saraf placed at 16 were the only entrepreneurs in the list of 16 self-made richest founders who witnessed a 40 per cent and 33 per cent fall in their net worth respectively. Saraf, 39, with the current net worth of Rs 1,200 crore was the only women in the list.

“The Covid-19 pandemic has taken a toll on the hospitality business, globally and temporarily applied breaks to Oyo’s growth story, thereby declining the wealth of Ritesh Agarwal, 26, by 40 per cent or Rs 3,000 crore. With a wealth of Rs 4,500 crore, Agarwal is the youngest in the list,” Hurun India said in a statement. The under-40 list, which followed on from the IIFL Wealth Hurun India Rich List 2020 released last month, had entrepreneurs cumulatively adding Rs 44,900 crore in wealth with 59 per cent jump vis-à-vis last year.

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Following Kamath brothers, adtech company Media.net founder Divyank Turakhia was the second richest on the list with a net worth of Rs 14,000 crore – up 8 per cent from last year. Third on the list was B2B marketplace Udaan’s Amod Malviya, Sujeet Kumar, and Vaibhav Gupta each witnessing 274 per cent jump from last year in net worth to Rs 13,100 crore this year. Others in the list were Byju Raveendran’s brother Riju Raveendran (Rs 7,800 crore net worth), Binny Bansal (Rs 7,500 crore), Sachin Bansal (Rs 7,500 crore), Ola’s Bhavish Aggarwal (Rs 3,500 crore), Rivigo’s Deepak Garg (Rs 3,200 crore), Improbable Worlds’ Herman Narula (Rs 2,900 crore), Zomato’s Deepinder Goyal (Rs 2,200 crore), Ola’s Ankit Bhati (Rs 1,600 crore), and Swiggy’s Sriharsha Majety (Rs 1,400 crore).

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The Madras High Court has granted early screenings of Vijay’s Leo movie from 7 AM, requesting the TN government to resolve any issues.

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The Madras High Court has granted early screenings of Vijay’s Leo movie from 7 AM, requesting the TN government to resolve any issues.

Madras High Court Grants Early Screenings of Vijay’s “Leo” Movie at 7 AM, Urges TN Government to Address Concerns

The Madras High Court has made a landmark decision in favor of the much-anticipated Tamil film “Leo,” starring actor Vijay. In a significant move, the court has granted permission for early screenings of the movie from 7 AM, urging the Tamil Nadu government to swiftly address any issues and facilitate the smooth release of the film. This decision marks a pivotal moment in the realm of Tamil cinema and the entertainment industry at large.

Historical Context:

The Indian film industry, particularly the Tamil film industry, has seen its share of controversies and challenges related to film releases. Issues such as censorship, political disputes, and public sentiment have often played a significant role in shaping the release schedules and screening times for films. Vijay, one of Tamil cinema’s most prominent actors, has been at the center of such controversies in the past. This decision by the Madras High Court is, therefore, particularly noteworthy.

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The Ruling:

The Madras High Court’s decision to permit early screenings of “Leo” comes as a response to a plea filed by the film’s producers. The court, while considering the plea, took into account various factors, including the film’s anticipated popularity and the prevailing circumstances. The court emphasized the importance of accommodating the audience’s interests and allowing them to enjoy the film without disruptions.

A Step Towards Normalization:

The court’s decision signifies a positive shift in the film industry, where release dates and screening times are often mired in controversy. By allowing screenings to commence at 7 AM, the court aims to reduce the chances of public unrest and congestion near theaters, especially in the wake of high-profile film releases.

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The Role of the Tamil Nadu Government:

The Madras High Court, in its ruling, also called upon the Tamil Nadu government to cooperate in ensuring a seamless release for the film. This cooperation extends to providing necessary security measures to maintain law and order around theaters during the early screenings.

Implications for the Entertainment Industry:

The decision is expected to set a precedent for the release of other highly anticipated films, not just in Tamil cinema but also in the broader Indian film industry. The court’s emphasis on the importance of accommodating the audience’s interests could lead to more flexible screening times for movies in the future.

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The Audience’s Perspective:

For moviegoers and fans of Vijay, this decision comes as a welcome relief. They can now look forward to enjoying the film without any undue delays or disruptions, ensuring a memorable cinematic experience.

In conclusion, the Madras High Court’s ruling to allow early screenings of Vijay’s “Leo” at 7 AM while urging the Tamil Nadu government to resolve any issues paves the way for a more audience-centric approach in the film industry. It is a landmark decision that highlights the importance of balancing the interests of filmmakers and the movie-loving public. This judgment is poised to make a positive impact on the release of future films, ushering in a new era of flexibility and convenience for cinema enthusiasts.

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