NRI businessman and Lulu group chairman M A Yusuff Ali, who had a miraculous escape on April 11 after his helicopter crash-landed on marshy land in Kochi, has undergone a spinal surgery at a hospital in Abu Dhabi, the company said.
Ranked 737 in the Forbes global billionaire list with personal wealth of $2.4 billion, Yusuffali's diversification does not stop here.
Shiv Nadar and family donated Rs 2,708 crore (Rs 27.08 billion) in 2024-2025.
Lulu Retail announced on Wednesday that its initial public offering (IPO) was oversubscribed 25 times across all tranches, excluding cornerstone investors, generating demand exceeding $37 billion-a record for a private sector IPO in the United Arab Emirates. The company is controlled by Kerala-based business tycoon MA Yusuff Ali. The final offer price for Lulu shares was set at AED 2.04 per share, raising a total of $1.72 billion (AED 6.32 billion), making it the largest IPO in the UAE in 2024 to date.
Becks Krishnan was saved by prominent NRI businessman and philanthropist M A Yusuffali who helped to pay his "blood money" amounting nearly Rs 1 crore.
Even as the families of suspected deceased persons from Kerala mourn the loss of their loved ones in the Kuwait fire incident that claimed several lives, many of them are yet to receive any official confirmation from the authorities.
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The construction of a Bailey bridge to connect the landslide-hit areas, where several people are believed to be stranded, alongside the deployment of sniffer dogs and over 1,000 rescuers from Central and state emergency response teams conducting massive search operations, constitutes one of the largest rescue efforts in the Wayanad, devastated by a deadly calamity.
For many, he is the Dhirubhai Ambani of Kerala. For others, he is the most influential Indian in West Asia. M A Yusuff is back in the spotlight after the controversy surrounding the UAE's reported offer of a Rs 7 billion aid package for flood-hit Kerala.
A tweet in Malayalam by Sheikh Mohamed bin Rashid Al Maktoum, vice president and prime minister of the United Arab Emirates and ruler of Dubai, soon after his meeting with Kerala Chief Minister Pinarayi Vijayan in the Emirates, has gone viral on social media as several expatriate Malayalis shared it on their virtual platforms.
The mall in Kochi will have about two million square feet of retail area and following its completion, the group has plans to develop more malls across India gradually. Emke Group controls roughly a third of the UAE's organised retail market and is planning to invest 4.3 billion dirhams (Rs 57.19 billion) to expand its network of 75 supermarkets and hypermarkets to 100 within the next three years.
RBI had received 72 applications for small finance bank licences.
'There is a degree of civility, efficiency, cleanliness and cultural ease here that has all but vanished in the squalid, chaotic and rootless Hindi heartland,' says Sunil Sethi.
The Department of Post, Tech Mahindra, Videocon Group and stock exchange NSE have joined big corporates like Ambanis and Birlas to seek entry into banking business through newly created niche category of Payments and Small Finance Banks.
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