Gayathri Kallukaran is a Junior Journalist with Eastern Eye. She has a Master’s degree in Journalism and Mass Communication from St. Paul’s College, Bengaluru, and brings over five years of experience in content creation, including two years in digital journalism. She covers stories across culture, lifestyle, travel, health, and technology, with a creative yet fact-driven approach to reporting. Known for her sensitivity towards human interest narratives, Gayathri’s storytelling often aims to inform, inspire, and empower. Her journey began as a layout designer and reporter for her college’s daily newsletter, where she also contributed short films and editorial features. Since then, she has worked with platforms like FWD Media, Pepper Content, and Petrons.com, where several of her interviews and features have gained spotlight recognition. Fluent in English, Malayalam, Tamil, and Hindi, she writes in English and Malayalam, continuing to explore inclusive, people-focused storytelling in the digital space.
The 2025 edition of the Forbes Billionaire List was released on Wednesday morning, showcasing the world's wealthiest individuals. The list features 3,028 billionaires globally, including 205 from India. Among these is Bollywood's only billionaire, Ronnie Screwvala, a media mogul whose journey from manufacturing toothbrushes to becoming a leading entrepreneur is nothing short of remarkable. With a net worth of $1.5 billion, Screwvala has surpassed the combined fortunes of Bollywood’s biggest stars, including Shah Rukh Khan, Salman Khan, and Aamir Khan.
Bollywood’s wealthiest man
Ronnie Screwvala stands as the richest person from the Hindi film industry, with a fortune exceeding that of its biggest icons. According to Forbes, his net worth of $1.5 billion surpasses the combined wealth of Shah Rukh Khan ($770 million), Salman Khan ($390 million), and Aamir Khan ($220 million), whose total stands at $1.38 billion. Additionally, he eclipses other notable figures such as Gulshan Kumar (approximately $900 million) and Aditya Chopra ($800 million). His financial success is a testament to his entrepreneurial acumen and strategic investments in both entertainment and education sectors.
Early life and entrepreneurial beginnings
Born in Bombay in 1956, Ronnie Screwvala’s journey to wealth began in an unexpected industry, manufacturing toothbrushes. In the late 1970s, he started his entrepreneurial career in the consumer goods sector. However, his true breakthrough came in the 1980s with the arrival of colour television in India. Recognising the potential in cable TV, he pioneered its expansion in Indian metropolitan areas, setting the stage for his entry into the entertainment industry.
Establishing UTV and a media empire
In 1990, Screwvala founded UTV, a company that revolutionised film and television production in India. Over the next two decades, UTV Motion Pictures became synonymous with quality cinema, producing iconic films such as Swades, Rang De Basanti, Khosla Ka Ghosla, Jodhaa Akbar, Fashion, Delhi Belly, and Barfi!. His influence extended to television as well, with UTV creating beloved TV shows like Shanti, Hip Hip Hurray, Shaka Laka Boom Boom, Khichdi, and Shararat.
In 2012, Screwvala made a landmark business move by selling UTV to Disney in a billion-dollar deal, marking his exit from the company. However, his passion for storytelling drew him back to the industry, leading to the establishment of RSVP Movies in 2017. Under this banner, he produced critically and commercially successful films like Kedarnath, Uri: The Surgical Strike, The Sky Is Pink, and Sam Bahadur.
Diversifying into education and sports
While Screwvala’s influence in Bollywood remains strong, his financial empire extends far beyond the film industry. He has invested in several startups and founded successful ventures, notably UpGrad, Unilazer, and USports.
UpGrad, his most significant non-entertainment venture, is an edtech company that has transformed online education in India. The platform offers courses in collaboration with leading universities, catering to professionals looking to upskill. Unilazer, his private equity firm, has funded numerous startups across various industries, while USports has played a role in the country’s growing sports ecosystem.
A return to the limelight
Despite his behind-the-scenes presence in the entertainment industry, Screwvala stepped into the public eye in 2024 when he made his screen debut as one of the investors on Shark Tank India. His participation in the show further cemented his reputation as a successful entrepreneur willing to mentor emerging business minds.
The legacy of Ronnie Screwvala
Ronnie Screwvala’s rise to billionaire status is an inspiring story of vision, resilience, and strategic investments. From manufacturing toothbrushes to pioneering cable TV, from building a film production powerhouse to transforming online education, his impact spans multiple industries.
As Bollywood’s richest man, he has redefined success in the entertainment business, proving that wealth in the industry is no longer confined to acting superstars. With continued investments in technology, education, and media, Screwvala’s influence is set to grow, further solidifying his status as one of India’s most successful entrepreneurs.
FINANCIAL watchdog is looking at changing mortgage rules to help more people buy homes, particularly first-time buyers, self-employed workers and those borrowing into retirement.
The Financial Conduct Authority (FCA) has launched a public discussion on the future of the mortgage market as part of efforts to support economic growth and help consumers manage their money.
Under the proposals, lending rules would be updated to make home ownership more accessible while keeping borrowing sustainable, a statement said. Plans also include preparing the market for increased demand from older borrowers and introducing more flexibility to help consumers understand their options.
David Geale, executive director for Payments and Digital Finance, said the FCA wants to help more people access sustainable home ownership. He said that after achieving higher standards in the market, it is time to allow more flexibility in what he called a trusted market.
"Changing our mortgage rules could make it easier for people to get onto the property ladder and manage mortgages into retirement," Geale said. He added that whilst the FCA cannot solve all home ownership issues, it wants to help people better use the mortgage market.
Britain's mortgage market has changed significantly in recent years. First-time buyers are now older and borrowing for longer periods, including into retirement. FCA data shows that in 2024, 68 per cent of first-time buyers took mortgages lasting 30 years or more.
Buying a home has become harder to achieve for many people, with more choosing to rent for longer periods. Renters face higher housing costs and less security than homeowners.
According to the FCA's Financial Lives 2024 survey, renters are more likely to be vulnerable and have poor health compared to other UK adults.
Regulators said the mortgage market remains strong, and there have been improvements in how lenders behave and default rates stay low. Authorities have already spoken to firms about flexibility when checking if someone can afford a mortgage, helping more borrowers get loans.
This review forms part of the FCA's new strategy to help consumers navigate their financial lives and support growth. Measures were also included in a letter to the prime minister detailing changes to boost economic growth.
Meanwhile, FCA acknowledged that many factors affect home ownership, including housing supply, social policy and economic conditions. Officials said changes to rules are only part of the solution and they will work with others to support access to home ownership.
Public feedback on the discussion paper closes on September 19.
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According to the government, the investment will be used to build four new distribution centres, expected to create around 4,000 jobs. (Representational image: Getty)
AMAZON will invest £40 billion in the United Kingdom over the next three years, the government said on Tuesday. The announcement comes as prime minister Keir Starmer seeks to attract investment and revive economic growth.
Starmer met Amazon CEO Andy Jassy last week and welcomed the development, calling it “a massive vote of confidence in the UK as the best place to do business.”
“It means thousands of new jobs – real opportunities for people in every corner of the country to build careers, learn new skills, and support their families,” he said. “Whether it's cutting-edge AI or same-day delivery, this deal shows that our Plan for Change is working – bringing in investment, driving growth, and putting more money in people's pockets.”
New sites and job creation
According to the government, the investment will be used to build four new distribution centres, expected to create around 4,000 jobs. It will also be used to renovate Bray Film Studios, which Amazon acquired in July 2024.
Part of the total includes a portion of the £8 billion investment Amazon had announced in September 2024 for the construction, operation and maintenance of data centres in the UK, intended to support artificial intelligence computing needs.
In December, Amazon signed an agreement with Games Workshop, the British company behind “Warhammer 40,000”, to produce films and television series based on the franchise. The project is expected to feature actor Henry Cavill.
‘On the right track’
The announcement aligns with the release of the government’s “Modern Industrial Strategy”, outlining plans for collaboration between the state and high-growth industries.
Business and trade secretary Jonathan Reynolds will visit Amazon’s London headquarters on Tuesday to mark the investment.
“Our Modern Industrial Strategy will ensure the UK is the best country to invest and do business, and seeing massive international firms like Amazon bank on Britain shows we are on the right track,” Reynolds said.
Amazon’s UK presence
Amazon currently employs more than 75,000 people across more than 100 sites in the UK.
Jassy said, “Amazon has been proud to serve our customers in the UK for the past 27 years. Thanks to their support, we've grown to be part of over 100 communities nationwide, from developing drone technology in Darlington to producing world-class entertainment at our studios in Bray.”
He added, “We’re bringing innovation and job creation to communities throughout England, Wales, Scotland, and Northern Ireland.”
Global investments and ongoing probe
In February, Jassy announced Amazon would invest more than $100 billion globally in 2025, with a focus on expanding its cloud and AI capabilities.
Last week, Amazon announced a $13.3bn investment over five years in Australia, aimed at its data centre operations. It marked the country’s largest-ever technology investment.
In June, Amazon also made announcements of large-scale investments in North Carolina ($10bn) and Pennsylvania ($20bn), both for data centres and AI-related projects.
Meanwhile, Amazon is under investigation by the UK Food Regulator over suspected late payments to food suppliers. If found guilty, the company could face a fine of up to one per cent of its annual UK turnover.
(With inputs from agencies)
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Prime minister Keir Starmer with Crown Prince Salman bin Hamad Al Khalifa of Bahrain ahead of bilateral talks at 10 Downing Street on June 19, 2025 in London. (Photo: Getty Images)
THE UK and Bahrain have signed a £2 billion investment and collaboration partnership aimed at supporting key sectors of the UK economy, including financial services, technology, manufacturing, and clean energy.
The Strategic Investment and Collaboration Partnership (SIP), announced on June 19, doubles the £1 bn investment committed in 2023.
The deal was signed during a meeting in London between prime minister Keir Starmer and Bahrain’s crown prince and prime minister Salman bin Hamad Al Khalifa.
Focus on growth sectors and job creation
According to the UK government, the investment will drive forward its “Plan for Change” and support the upcoming modern Industrial Strategy. The partnership is expected to create new jobs and contribute to growth across the UK.
Business and trade secretary Jonathan Reynolds said, “This £2 bn commitment is yet another major vote of confidence in the UK economy, backing the key growth sectors we’ve identified in our upcoming modern Industrial Strategy.”
Chancellor Rachel Reeves added, “This £2 bn investment into the growth-driving sectors where Britain thrives will create good jobs paying decent wages in all corners of our country, putting more money in people’s pockets as part of our Plan for Change.”
The agreement will also provide British companies with opportunities to benefit from Bahrain’s business environment and support innovation, productivity and development there.
UK joins Bahrain-US security agreement
As part of the same visit, the UK formally became a member of the Comprehensive Security Integration and Prosperity Agreement (C-SIPA), a trilateral agreement between Bahrain, the US and the UK.
The UK had announced its intention to join the agreement in December 2024 during a ministerial visit to Manama.
The agreement supports regional stability and security cooperation, with the UK government stating that it will help strengthen defence ties and contribute to economic growth through strategic partnerships.
The UK and Bahrain also reiterated their defence cooperation, including ongoing work between the UK Armed Forces and Bahrain’s military.
Bahrain hosts the UK’s largest naval base outside the UK, and receives regular training support from British forces.
Investor delegation visits UK cities
During their UK visit, a delegation of Bahraini investors toured cities including Manchester, Leeds, and Sheffield.
The group explored business and project opportunities aligned with the UK government’s growth priorities.
Longstanding UK-Bahrain relations
The UK and Bahrain have maintained close political, military, and economic ties for decades.
Bahrain was a British protectorate from the 19th century until its independence in 1971.
The two countries have since signed multiple agreements covering security, trade and investment.
Bahrain continues to host British military facilities, and bilateral relations remain strong.
The UK government has identified Gulf investment and trade as a priority for boosting domestic growth and strengthening international partnerships.
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It follows a broader strategy by Octopus Energy to offer home energy hardware
Octopus Energy, the UK’s largest electricity supplier, has launched its first home electric vehicle (EV) charger, named Octopus Charge. The charger is designed to integrate with the company’s smart energy system to enable cost-effective and environmentally friendly charging.
Smart charging through Kraken platform
The new Octopus Charge device connects to the energy supplier’s proprietary Kraken platform, which automatically adjusts charging to coincide with times when electricity is cheapest and greenest. This enables EV owners to take advantage of lower rates and reduce their carbon footprint.
The charger also integrates with Intelligent Octopus Go – a smart EV tariff – and the recently launched Drive Pack tariff. The latter allows for unlimited overnight EV charging at home for £30 per month, making it a potentially attractive option for frequent drivers.
Limited early access and launch schedule
Initially, the charger will be available to customers who use Octopus Energy’s EV leasing service. A wider rollout to all Octopus Energy customers is scheduled for August 2025.
To promote early adoption, the first 100 customers to install the charger will receive up to 5,000 miles of free charging. This promotional offer equates to enough electricity to travel the full length of the UK from Land’s End to John o’ Groats and back.
Expanding low-carbon home technology
Although Octopus Charge is the company’s first EV charger, it follows a broader strategy by Octopus Energy to offer home energy hardware. In September 2023, the company introduced the Cosy 6 heat pump at the Energy Tech Summit in London. The product aimed to reduce upfront costs for consumers and encourage the adoption of low-carbon heating solutions.
Building on this, the company launched the Cosy Octopus tariff in June 2024, specifically tailored for heat pump users. Both moves align with Octopus Energy’s goal to help UK households transition to greener, more efficient energy usage.
Rebecca Dibb-Simkin, chief product officer at Octopus Energy, said the company was “delighted” to launch its first charger. “Charging at home is already better than queueing up at the petrol station – and now we’ve made it even simpler,” she said.
Home charging key to EV affordability
Data shows that the cost of charging an EV at home is significantly lower than using public charging infrastructure. Analysis by Cornwall Insight reveals that home charging – especially on off-peak tariffs – can save drivers as much as £1,500 per year compared to public chargepoints.
Despite this, widespread access to home charging remains a challenge. While around 80% of EV drivers currently benefit from home charging, approximately 75% of UK homes do not have a private driveway, limiting access to at-home installation.
Policy changes aim to remove barriers
Until recently, installing a home EV charger often required a planning application, which added complexity and cost. However, a recent policy change by the UK government has eliminated the need for planning consent for home and business EV charger installations.
According to the Department for Transport, the change could save households around £1,100 on average, helping more people afford home charging setups and supporting the broader transition to electric vehicles.
A massive new cybersecurity report has revealed what experts are calling the largest data breach in history, involving over 16 billion login credentials. The records, uncovered by researchers at Cybernews, appear to come from a variety of sources and have raised alarm bells across the tech and cybersecurity industries.
Unprecedented scale of exposure
The data is spread across 30 different datasets, with individual troves containing between tens of millions and more than 3.5 billion credentials each. In total, the exposed records add up to 16 billion, a staggering number that equates to more than two credentials for every person on Earth.
Most of these credentials appear to have been collected through infostealer malware and other illicit methods. These tools typically capture usernames, passwords, tokens, cookies, and other metadata from compromised systems, packaging the data in a uniform structure, typically a URL followed by login details and passwords.
Not old data, but fresh and dangerous
What makes this breach especially concerning is the recency of the data. Researchers confirm that the datasets are not simply recycled from old breaches, but largely consist of new logs collected in recent months. Many include access credentials to services such as Apple, Facebook, Google, GitHub, Zoom, and Telegram.
Although some of the login pages referenced in the data are from popular global platforms, cybersecurity researcher Bob Diachenko clarified there was no centralised data breach at these tech giants. Instead, credentials linked to their login portals were likely captured via infostealers installed on individual users’ devices.
Multiple datasets, unclear ownership
The 30 datasets uncovered differ significantly in size and origin. The largest, containing over 3.5 billion records, is suspected to be linked to Portuguese-speaking regions. Other datasets hint at Russian sources or specific platforms like Telegram. Many have generic names such as “logins” or “credentials”, providing little insight into their exact source.
Despite the vast quantity of data, the researchers have been unable to identify a single entity behind the breach. It remains unclear whether the datasets were compiled by security researchers monitoring for leaks or by cybercriminal groups aggregating stolen information for exploitation.
While the datasets were only briefly exposed — typically via unsecured Elasticsearch or cloud storage instances — this short window was enough for experts to confirm their contents and raise concerns.
A blueprint for cybercrime
Experts warn that this is not merely a leak, but “a blueprint for mass exploitation.” The exposed credentials, which include sensitive data such as tokens and cookies, could be used for a range of attacks: from account takeovers and identity theft to ransomware campaigns and targeted phishing.
This kind of large-scale credential exposure is particularly dangerous for organisations lacking robust cybersecurity measures, including multi-factor authentication (MFA). Without these defences, hackers could easily use stolen credentials to breach systems and escalate attacks internally.
How users and organisations can respond
With the source of the leak uncertain and the extent of the damage unclear, there are few direct actions individuals can take. However, cybersecurity experts strongly recommend several key practices:
Use a password manager to generate and store strong, unique passwords for each service.
Regularly review accounts for unauthorised activity.
Run regular malware scans to detect and remove infostealers.
Diachenko, who contributed to the Cybernews report, stressed that while the breach doesn’t indicate failures at platforms like Facebook or Google, it still poses a widespread risk. “Credentials we’ve seen in infostealer logs contained login URLs to Apple, Facebook, and Google login pages,” he noted.
This implies that while the platforms themselves may be secure, any user who has been compromised by infostealer malware could unknowingly provide cybercriminals access to those services.
A reminder of growing data breach risks
This record-setting exposure is just the latest in a growing trend of large-scale data breaches. The fact that datasets of this size continue to emerge, often unnoticed for months, highlights the evolving nature of cybersecurity threats.
As digital services become more embedded in daily life, the potential fallout from data breaches expands. This incident serves as a stark reminder of the need for vigilant data hygiene, both for individual users and the organisations that serve them.