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Anil Agarwal’s Son Agnivesh Agarwal Passes Away at 49 After Cardiac Arrest; Tributes Pour In


Agnivesh Agarwal, the eldest son of Vedanta Chairman and mining billionaire Anil Agarwal, passed away in the United States following a sudden cardiac arrest. He was 49.

According to reports, Agnivesh Agarwal had earlier sustained injuries in a skiing accident in the US and was undergoing treatment at Mount Sinai Hospital in New York. While doctors had initially indicated encouraging signs of recovery, he suffered a sudden cardiac arrest that proved fatal, despite medical efforts.

Agnivesh served on the board of Talwandi Sabo Power Limited (TSPL), a Vedanta Group firm, and was actively involved in the group’s operations. Known for his low-profile presence, he was respected within corporate circles for his professionalism and commitment.

In a deeply emotional message shared on X, Anil Agarwal described the tragedy as “the darkest day” of his life.
“We believed the worst was behind us. But fate had other plans, and a sudden cardiac arrest snatched our son away from us,” he wrote. Expressing the depth of his grief, the Vedanta Chairman added that no parent is ever prepared for such a loss and that the family is struggling to comprehend the magnitude of the tragedy.

Tributes have poured in from across the business community, industry leaders, and well-wishers, many expressing shock and offering condolences to the Agarwal family during this difficult time.

The passing of Agnivesh Agarwal marks a profound personal loss for one of India’s most prominent industrial families and has cast a pall of grief across corporate India.

Sports

Apollo Tyres Inks ₹579 Crore Deal as Team India’s New Lead Sponsor


Apollo Tyres has officially stepped into the cricketing spotlight, signing a landmark sponsorship deal worth ₹579 crore to become the lead sponsor of Team India. The agreement marks one of the biggest corporate partnerships in Indian cricket and underscores the growing synergy between brands and sports in India.

As part of the deal, Apollo Tyres’ branding will be prominently featured on Team India’s jerseys across all formats — Tests, ODIs, and T20Is. With cricket being India’s most popular and unifying sport, the partnership provides Apollo a powerful platform to connect with billions of fans both in India and globally.

Why This Deal Matters

  • 💰 ₹579 crore – one of the largest cricket sponsorships in recent years.
  • 🌍 Apollo Tyres gains global visibility, with Team India playing marquee tournaments, ICC events, and bilateral series across continents.
  • 🏏 Reinforces Apollo’s commitment to performance, resilience, and global recognition.

The sponsorship comes at a time when cricket’s commercial value is surging, driven by massive fan engagement, broadcast rights, and brand visibility. Apollo Tyres’ move signals confidence in the sport’s reach and its ability to deliver long-term brand impact.

This landmark deal cements Apollo Tyres as not just a leader in the tyre industry, but also a key player in India’s sports ecosystem.

Finance

Axis Bank Launches Sparsh Week 2025: ‘Raising the Bar’ Nationwide


National, Sept 1, 2025: Axis Bank, one of India’s largest private sector banks, has announced the launch of Sparsh Week 2025 (Sept 1–5), a landmark initiative uniting more than 1 lakh employees across 5,868 branches nationwide.

With the theme “Raise the Bar,” this year’s edition emphasizes customer obsession, leadership visibility, and employee engagement at an unprecedented scale. Senior leaders including Amitabh Chaudhry (MD & CEO), Munish Sharda (ED), Subrat Mohanty (ED), and Neeraj Gambhir (ED) will personally visit 40 cities to interact with customers and mentor teams.

“Sparsh is not just a celebration but a reminder of the culture we are shaping – where empathy, innovation, and service excellence define every interaction,” said Amitabh Chaudhry.

Customer Engagement Highlights

  • 🎯 Exclusive Home Loan offers from 7.6%*
  • 💼 Special benefits across Gold Loans, MSME loans, Current Accounts & Health Insurance
  • 🎙️ Let’s Listen Sessions across 5,800+ branches for direct feedback
  • 🚗 Auto test drives & loan offers in select cities
  • 🤝 Felicitation of wholesale clients & corporate partners
  • 🌍 Outreach through Samaroh to foster new relationships

Thematic Customer Days

  • Students: Piggy to Prodigy Day with learning sessions & Bank tours
  • Women: Nari Shakti Diwas with panel discussions & ARISE awareness programs
  • Seniors: Silver Lining – digital banking & fraud prevention workshops
  • Startups & MSMEs: Startup Sangam & networking events
  • Farmers: Krishi Diwas with agri-advisory, soil-testing & Apna Gaon Melas
  • NRIs: Homecoming meets in UAE, Singapore & US
  • LGBTQ+: Pink Economy events celebrating inclusivity

Impact & Scale

From 55,000 customers in 2024, Axis Bank now targets 1.5 lakh+ customers for Sparsh Week 2025 – nearly triple last year’s outreach.

With its four core mantras — Own the Brand, Own the Customer, Act with Speed, Zero Pendency — Sparsh Week continues to strengthen Axis Bank’s position as a customer-first institution in India’s financial ecosystem.

📖 For more details and updates, visit allycaral.com

Business

Mukesh Ambani Opts for ₹0 Salary in FY25, Earns Dividends Worth ₹3,322.7 Crore


Mumbai | Business Desk | allycaral.com

Mukesh Ambani, India’s richest man and Chairman & Managing Director of Reliance Industries Ltd (RIL), has again chosen to draw no salary for the fifth consecutive year in FY2024-25.

This decision, which aligns with Ambani’s long-held public stance on corporate responsibility and moderation during uncertain economic periods, has been consistent since the COVID-19 pandemic began. The last salary drawn by Ambani was ₹15 crore annually until FY20.

Despite the zero-salary decision, the Ambani family’s earnings from RIL shares amounted to ₹3,322.7 crore in dividends in FY25 — underlining the family’s wealth through ownership and long-term investment in the company.

Why It Matters:
In a corporate world often scrutinized for excessive executive compensation, Ambani’s move has been viewed as symbolic, especially considering the high-stake economic and social challenges of the past few years.

Reliance’s Performance in FY25:
RIL continues to remain India’s most valuable company, with thriving verticals across retail, telecom, energy, and digital services. The dividend payout showcases the company’s robust profits and shareholder value creation.

A Leadership Style Based on Moderation:
Ambani’s decision sets a benchmark in India’s corporate landscape and demonstrates a shift in the perception of compensation — favoring long-term gains and stakeholder alignment over immediate monetary benefit.

📌 Follow allycaral.com for more business stories and financial insights.
🔗 @allycaralgoa | #MukeshAmbani #BusinessLeadership

Sports

United Spirits Denies RCB Stake Sale Talks Amid Market Buzz; Shares Jump Over 3%


Bengaluru, India – June 11, 2025
Amid widespread speculation around Diageo’s potential stake sale in Royal Challengers Bengaluru (RCB), United Spirits Ltd. — a subsidiary of global beverage giant Diageo — has firmly denied any ongoing discussions related to a divestment.

In a formal statement released to the stock exchanges, United Spirits clarified, “We would like to confirm that there are no discussions or decisions at this time regarding the sale of our stake in Royal Challengers Sports Private Limited (RCSPL), which owns the RCB franchise.”

Despite the rumors, investor sentiment remained bullish. Following the company’s clarification and a strong set of quarterly financial results, shares of United Spirits surged by over 3% in intraday trading on Wednesday. The rally highlights market confidence not only in the company’s core business performance but also in the continued brand value of the RCB franchise.

The company reported better-than-expected earnings for the quarter ended March 2025. Strong volume growth in its premium segment, improved operational efficiency, and favorable input costs contributed to the positive performance. The management also reiterated its focus on portfolio premiumization and digital transformation.

Royal Challengers Bengaluru remains one of the most valuable and popular franchises in the Indian Premier League (IPL). Despite not having clinched a title yet, RCB boasts a massive fanbase and significant brand equity, further fueled by high-profile players and celebrity ownership associations.

The speculation surrounding a potential stake sale began after unconfirmed reports suggested that Diageo might be considering a strategic reshuffle of its Indian sports and entertainment assets. However, today’s statement puts those rumors to rest — at least for now.