Ambani nuptials spotlight India’s multibillion-dollar wedding industry

Special Groom Anant Ambani poses for pictures with Akash Ambani, Shloka Mehta, Mukesh Ambani, Isha Ambani and Anand Piramal on the red carpet on the day of his wedding with Radhika Merchant in Mumbai, India, July 12, 2024. (Reuters)
Groom Anant Ambani poses for pictures with Akash Ambani, Shloka Mehta, Mukesh Ambani, Isha Ambani and Anand Piramal on the red carpet on the day of his wedding with Radhika Merchant in Mumbai, India, July 12, 2024. (Reuters)
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Updated 12 July 2024
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Ambani nuptials spotlight India’s multibillion-dollar wedding industry

Ambani nuptials spotlight India’s multibillion-dollar wedding industry
  • Groom is the youngest son of Asia’s richest man Mukesh Ambani
  • Lavish pre-wedding celebrations around the world started in March

NEW DELHI: After four months of lavish events spotlighting India’s multibillion-dollar wedding industry, the nuptials of the son of Asia’s richest man reached their final stage on Friday, with global A-listers and elites arriving in Mumbai for the most extravagant of billionaire celebrations.

The celebrations that built up to the wedding of Mukesh Ambani’s youngest son, 29-year-old Anant Ambani, to Radhika Merchant, daughter of a pharmaceutical tycoon, saw the family and hundreds of its guests serenaded by the likes of Andrea Bocelli, Rihanna, and Justin Bieber, sailing up the coast of Italy on a luxury cruise, watching a 5,500-drone light show in Cannes, and participating in a jungle-themed safari party in India’s Gujarat.

The groom’s father, chairman of Reliance Industries — the largest private sector corporation in India — is the world’s 10th richest man.

The display of his wealth through the wedding has set a new benchmark for the sector worth some $130 billion, according to last month’s report by the global investment banking firm Jefferies.

The Indian wedding industry is the country’s second-largest, after food and grocery.

“The Indian wedding industry is one of the largest and most lucrative markets globally. India hosts around 10 million weddings each year, with varying scales and budgets,” Simran S. Kohli, wedding planner and founder of Love Me Knot Weddings, told Arab News.

“The Ambani wedding is a prime example of just how extravagant and grand one can be.”

With the swathes of business billionaires, world leaders and top Bollywood and Hollywood stars attending, and the amount of international media attention focused on all the nuptial events, it is also an example of how the legendary allure and grandeur of Indian weddings never fades.

“How everyone looks forward to being a part of Indian weddings, the involvement of international celebrities, performers, and guests reflects the global influence and reach of the Indian wedding industry now,” Kohli said.

“Indian weddings can push the boundaries of creativity and extravagance.”

With dignitaries and celebrities from all over the world flocking to Mumbai to attend the four-day ceremony, parts of the city have been sealed.

“Mumbai is closed for almost three days now where the wedding is happening. There are VIP restrictions,” said Suneer Jain, director of Oh Vow Weddings.

“Ambani’s wedding reminds you of the grand Mughal weddings where thousands of horses and elephants used to participate. Now, the elephants have been replaced by artists. The Ambanis have set a different standard in weddings by inviting lots of international artists to come and perform.”

While the celebration has been reported to cost $600 million, from the artist lineup alone, Jain estimated it could be much more.

“This wedding is a showoff and it’s showing to the people how important they are and how well connected they are, how powerful they are. It’s a demonstration of wealth,” he said.

“The spending in Ambani’s wedding would be much more than what we can think about. Engaging an international artist is not only about the fee, it’s also about their comfort, their hospitality, doing everything for their team. It involves huge costs in many other aspects also.”

It has raised the bar so high that it will not be easy for the next celebrity weddings to cross it and organize nuptials on an even bigger scale.

It is a matter of Indian family prestige to do so.

“It is a lifetime event. We earn for only two things in life: for getting our own home and for weddings,” Jain told Arab News.

“When people see Ambani’s wedding, (it is assumed that) the next super wedding would be at a much higher scale … It gives you a clear picture that no one wants to do a normal wedding, but everyone wants to do a grand wedding.”

Everyone also wants to attend weddings in India, as they are an intrinsic part of its culture and play a major role in boosting other sectors such as entertainment, fashion, design, and travel.

“There is a person who is creating entertainment, there is a person who is doing labor work, there is a person who is doing floral work, there is a person who is working for fabric treatment. There is a person who is working on the structure, there is a transporter, manager, designer, sound engineer, artist. A lot of people get jobs out of it,” said Rajat Tyagi, director of Weddings Flowers Decor India.

An Indian wedding is never a cheap affair. A “good decent function” organized by Tyagi’s company at a local venue starts at about $45,000.

“As Indians, a society, we are bright, we are vivid, we are diverse, and we are vocal. We are not bland … If we have a taste, why not flaunt it,” he said.

“Even if you go to a village, the poorest of the poorest women are wearing makeup … It’s like we are made this way, our upbringing is that way. We love to show off.”

The display pulled off by the Ambani family was for Tyagi not only a record-breaking event, but also proof of India’s growth.

“At the end of the day, Mukesh Ambani is also an Indian entrepreneur, so India is not just a country of snake charmers. Now it has people who have the potential to bring such international artists and spend so much,” he said.

“It shows the potential of the Indian wedding industry. It shows the potential of Indians globally.”


How China could respond to Trump’s new tariffs

How China could respond to Trump’s new tariffs
Updated 12 sec ago
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How China could respond to Trump’s new tariffs

How China could respond to Trump’s new tariffs
  • Exports of Chinese goods to the US in 2024 exceeded $400 billion, as against US exports to China at $130 billion
  • Trump has ordered an in-depth review of Chinese trade practices, the results of which are due by April 1

BEIJING: From retaliatory tariffs on US goods like car parts and soy beans to controls on raw minerals essential for American manufacturing — analysts say China has plenty of options if it wants to reply to fresh US levies.
US President Donald Trump over the weekend announced 10 percent tariffs on Chinese products, upping the stakes in a trade confrontation between the global superpowers that started eight years ago in his first term.
Beijing in response warned there were “no winners” in a trade war and vowed as yet unspecified countermeasures.
News that Canada and Mexico had agreed a deal with Trump to delay 25 percent tariffs on their goods was followed by his announcement that he would be holding talks with China “probably in the next 24 hours” to try for an agreement.
But, as the threat of new measures continues to hang over Beijing, eyes are on what officials there have lined up as a response.
With its economy still struggling with sluggish consumption and slow growth, observers expect China to keep its powder dry for now — at least until another round of tariffs that could do greater damage.
“We expect China not to jump to immediate retaliation following the 10 percent tariff hike, but will keep the doors of negotiation and cooperation open,” UBS bank analysts wrote in a note.
“We do not expect China to follow the same strategy as in the first round of tariff hikes in 2018-19.”
Bilateral trade totalled more than $530 billion in 2024, according to US data, with exports of Chinese goods to the United States exceeding $400 billion. That was second only to Mexico.
But that yawning trade imbalance — $270.4 billion in January-November last year — has long raised hackles in Washington.

Key US demands in the first trade war were greater access to China’s markets, broad reform of a business playing field that heavily favors Chinese firms, and a loosening of heavy state controls.
This time around Washington has also called for China to crack down on exports to Mexico of chemical components used to make the synthetic opioid fentanyl, responsible for tens of thousands of overdose deaths a year.
After long, fraught negotiations during Trump’s first term the two agreed what became known as the “phase one” deal — a ceasefire in the nearly two-year-old trade war.
Beijing was quick to retaliate throughout that standoff — imposing tariffs of its own on everything from cars to soybeans, designed to inflict harm on Trump’s voting base in rural America.
It also floated restrictions on exports of rare earth metals, of which China dominates global supplies and on which the United States remains heavily dependent.
And should a new trade war escalate, “measures could include tariffs, export controls on critical minerals essential for US manufacturing, restricted market access to US firms operating in China, or the depreciation of the yuan,” Harry Murphy Cruise, head of China and Australia economics at Moody’s Analytics, told AFP.
But he added Beijing may have learned its lesson from the first standoff.
“The tit-for-tat trade war in Trump’s first term benefited no one; it made trade more costly and hindered growth in both countries,” Murphy Cruise said.

For now, analysts believe the latest measures won’t bite too hard.
“The 10 percent tariff is not a big shock to China’s economy,” Zhang Zhiwei at Pinpoint Asset Management said in a note.
“It’s unlikely to change the market expectation on China’s macro outlook this year, which already factored in higher tariffs from the US,” he added.
And that could allow China to keep its powder dry in the event Trump’s first wave of tariffs are the prelude to a bigger showdown.
The US president has ordered an in-depth review of Chinese trade practices, the results of which are due by April 1.
That could serve as a “catalyst for more tariffs,” said Murphy Cruise, pushing Beijing to shift tactics.
“This strategy of no retaliation may change if the US imposes additional significant tariffs later on,” UBS economists said.
“In such a case, we think China may retaliate on a targeted basis and in a restrained manner, imposing tariffs on selected agricultural products, auto parts, energy,” they said.
Experts added that China could also let the value of its currency devalue, increasing the competitiveness of its exports.
Trump’s flagged talks with Beijing offer the two sides a chance to step back from the brink of a trade war that could hit hundreds of billions’ worth of goods.
“China is looking to diffuse tensions,” Murphy Cruise said.
“China’s economy is in a much weaker position this time around; it will be substantially harder to withstand a barrage of tariffs.”
 


Greek Ombudsman suggests disciplinary charges over 2023 deadly migrant shipwreck

Greek Ombudsman suggests disciplinary charges over 2023 deadly migrant shipwreck
Updated 10 min 56 sec ago
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Greek Ombudsman suggests disciplinary charges over 2023 deadly migrant shipwreck

Greek Ombudsman suggests disciplinary charges over 2023 deadly migrant shipwreck
  • Boat sank off southwestern coastal town of Pylos on June 14, 2023 with about 750 people on board
  • Trawler had left Libya for Italy and was monitored by Greek coast guard for nearly 12 hours before capsizing

ATHENS: A Greek Ombudsman has recommended disciplinary action against eight coast guard officers for alleged dereliction of duty in one of the deadliest migrant shipwrecks off Greece in which hundreds died in 2023.

The inquiry is the first to conclude on the circumstances surrounding the shipwreck off the southwestern coastal town of Pylos on June 14, 2023, which sank in plain sight of Greek coast guard authorities with about 750 people on board.

The trawler, named Adriana, had left Libya for Italy and was monitored by the Greek coast guard for nearly 12 hours before capsizing and sinking in international waters. Only 104 people are known to have survived.

In a report released Monday, Ombudsman Andreas Pottakis said there were “clear indications” that eight senior coast guard officers had a case to answer for dereliction of search and rescue duties, and which resulted in endangering lives of those aboard the Ariana.

The Greek coast guard did not immediately respond to a request for comment.

Coast Guard authorities have repeatedly denied any wrongdoing over the handling of the case that raised questions about the European Union’s tactics on migration.

The inquiry was launched by the Ombudsman in June 2023 after the Greek coast guard rejected his calls to launch an internal investigation into the incident.

About 10 officers were called to testify as suspects, including the Commandant.

Pottakis’s findings have been forwarded to Greece’s Shipping Minister for further action, the Ombudsman’s office said.

“The transparency of administrative action and the attribution of responsibilities, where applicable, for the deadly shipwreck of Pylos is an elementary legal demand, inextricably linked to respect of rule of law, as is the thorough investigation of any other incident related to violation of the right to life, health and physical integrity,” a statement from Pottakis’s office said.

A local naval court, which opened a criminal investigation last year, has concluded a preliminary investigation and referred the case to a chief prosecutor, lawyers representing the survivors and victims said last month, after reviewing the legal files of the case.

They said a preliminary investigation failed to shed light on the incident and more evidence had to be examined by the court.


Malaysia PM says will build trade relations, not wait for US tariffs

Malaysia PM says will build trade relations, not wait for US tariffs
Updated 18 min 24 sec ago
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Malaysia PM says will build trade relations, not wait for US tariffs

Malaysia PM says will build trade relations, not wait for US tariffs

KUALA LUMPUR: Malaysia will actively build trade relations with other countries, such as China, Russia and Brazil, instead of waiting for the impact of potential US trade tariffs, Prime Minister Anwar Ibrahim said on Tuesday.
Anwar told parliament that waiting for US tariffs would have a negative impact on Malaysia.


Trump says he wants Ukraine’s rare earth elements as a condition of further support

Trump says he wants Ukraine’s rare earth elements as a condition of further support
Updated 04 February 2025
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Trump says he wants Ukraine’s rare earth elements as a condition of further support

Trump says he wants Ukraine’s rare earth elements as a condition of further support
  • He said he wants “equalization” from Ukraine for Washington’s “close to $300 billion” in support
  • German Chancellor Olaf Scholz said Trump’s latest demand from Ukraine "would be very selfish, very self-centered”

WASHINGTON: US President Donald Trump said on Monday he wants Ukraine to supply the United States with rare earth minerals as a form of payment for financially supporting the country’s war efforts against Russia.
Trump, speaking to reporters at the White House, said Ukraine was willing, adding that he wants “equalization” from Ukraine for Washington’s “close to $300 billion” in support.
“We’re telling Ukraine they have very valuable rare earths,” Trump said. “We’re looking to do a deal with Ukraine where they’re going to secure what we’re giving them with their rare earths and other things.”

“We’re putting in hundreds of billions of dollars. They have great rare earth. And I want security of the rare earth, and they’re willing to do it,” he said.

The US has only one operating rare earths mine and very little processing capacity, although several companies are working to develop projects in the country. China is the world’s largest producer of rare earths and many other critical minerals.
It was not immediately clear if Trump was using the term “rare earths” to refer to all types of critical minerals or just to rare earths.
Rare earths are a group of 17 metals used to make magnets that turn power into motion for electric vehicles, cellphones and other electronics. There are no known substitutes.
The US Geological Survey considers 50 minerals to be critical for the country’s economy and national defense, including several types of rare earths, nickel and lithium.
Ukraine contains large deposits of uranium, lithium and titanium, although none are considered to be among the world’s five biggest by volume and the US has its own untapped reserves of those and other critical minerals.
The US has only one operating rare earths mine and very little processing capacity, although several companies are working to develop projects in the country. China is the world’s largest producer of rare earths and many other critical minerals.

Trump, who had previously said he’d bring about a rapid end to the war, said talks are ongoing to bring the conflict to a close. But he complained that the US had sent more in military and economic assistance to Ukraine than its European partners.

“We made a lot of progress on Russia, Ukraine,” Trump said. “We’ll see what happens. We’re going to stop that ridiculous war.”
Ukrainian President Volodymyr Zelensky told the Associated Press on Saturday that any negotiations between the US and Russia but without his country were unacceptable.
“They may have their own relations, but talking about Ukraine without us — it is dangerous for everyone,” Zelensky said.
He said his team has been in contact with the Trump administration, but those discussions are at a “general level,” and he believes in-person meetings will take place soon to develop more detailed agreements.
“We need to work more on this,” Zelensky said.

German Chancellor Olaf Scholz said Trump’s latest demand from Ukraine "would be very selfish, very self-centered.”

Such resources would be better used for the country’s reconstruction after the war, Scholz added.


Trump administration opens antisemitism inquiries at 5 colleges including Columbia and Berkeley

Pro-Palestine supporters, some in tents, gather on the campus of Columbia University on April 22, 2024 in New York City. (AFP)
Pro-Palestine supporters, some in tents, gather on the campus of Columbia University on April 22, 2024 in New York City. (AFP)
Updated 04 February 2025
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Trump administration opens antisemitism inquiries at 5 colleges including Columbia and Berkeley

Pro-Palestine supporters, some in tents, gather on the campus of Columbia University on April 22, 2024 in New York City. (AFP)
  • Presidents of Columbia and Northwestern were among those called to testify on Capitol Hill last year as Republicans sought accountability for allegations of antisemitism amid protests against Israel’s airstrikes in Gaza

WASHINGTON: The Trump administration is opening new investigations into allegations of antisemitism at five US universities including Columbia and the University of California, Berkeley, the Education Department announced Monday.
It’s part of President Donald Trump’s promise to take a tougher stance against campus antisemitism and deal out harsher penalties than former President Joe Biden’s administration, which settled a flurry of cases with universities in its final weeks. The new investigations were opened the same day the Justice Department announced a new task force to root out antisemitism on college campuses.
In an order signed last week, Trump called for aggressive action to fight anti-Jewish bias on campuses, including the deportation of foreign students who have participated in pro-Palestinian protests.
Along with Columbia and Berkeley, the department is now investigating the University of Minnesota, Northwestern University and Portland State University. The cases were opened using the department’s power to launch its own civil rights reviews, unlike the majority of its investigations, which stem from complaints.
A statement from the Education Department criticized colleges for tolerating antisemitism after Hamas’ Oct. 7, 2023, attack on Israel and a wave of pro-Palestinian protests that followed. It also criticized the Biden administration for negotiating “toothless” resolutions that failed to hold schools accountable.
“Today, the Department is putting universities, colleges, and K-12 schools on notice: this administration will not tolerate continued institutional indifference to the wellbeing of Jewish students on American campuses,” said Craig Trainor, the agency’s acting assistant secretary for civil rights.
The department didn’t provide details about the inquiries or how it decided which schools are being targeted. Presidents of Columbia and Northwestern were among those called to testify on Capitol Hill last year as Republicans sought accountability for allegations of antisemitism amid protests against Israel’s airstrikes in Gaza. The searing hearings contributed to the resignation of multiple university presidents, including Columbia’s Minouche Shafik.
An October report from House Republicans accused Columbia of failing to punish pro-Palestinian students who took over a campus building, and it called Northwestern’s negotiations with student protesters a “stunning capitulation.”
Since the outcry over the campus protests, universities say they have taken several steps to address antisemitism.
At Northwestern, that includes updates to the Student Code of Conduct and disciplinary procedures and investing in public safety, spokesman Jon Yates said in an email. “Free expression and academic freedom are among our core values, but we have made clear that these values provide no excuse for behavior that threatens the well-being of others,” Yates said.
Columbia has strengthened and clarified its discipline process, a statement said, and its interim president, Katrina Armstrong, has strengthened the Public Safety Office and established an Office of Institutional Equity to address discrimination and harassment. “Columbia strongly condemns antisemitism and all forms of discrimination, and we are resolute that calling for, promoting, or glorifying violence or terror has no place at our University,” the university’s statement said.
The new investigation, Portland State spokeswoman Katy Swordfisk pointed out, “is not in itself evidence of any violation,” since the Department of Education apparently initiated it without receiving a complaint from someone at the university. Portland State plans to cooperate with the department. “The university continues to support and engage with efforts to combat antisemitism and mitigate the impact of hate and bias,” Swordfisk said in an email.
House Republicans applauded the new investigations. Rep. Tim Walberg, chair of the Education and Workforce Committee, said he was “glad that we finally have an administration who is taking action to protect Jewish students.”
Trump’s order also calls for a full review of antisemitism complaints filed with the Education Department since Oct. 7, 2023, including pending and resolved cases from the Biden administration. It encourages the Justice Department to take action to enforce civil rights laws.
Last week’s order drew backlash from civil rights groups who said it violated First Amendment rights that protect political speech.
The new task force announced Monday includes the Justice and Education departments along with Health and Human Services.
“The Department takes seriously our responsibility to eradicate this hatred wherever it is found,” said Leo Terrell, assistant attorney general for civil rights. “The Task Force to Combat Anti-Semitism is the first step in giving life to President Trump’s renewed commitment to ending anti-Semitism in our schools.”