Daily Current Affairs – 14-08-2025
Sports News
Commonwealth Games Set For India Return - IOA Approves 2030 Bid
TWENTY years after 2010, India is set to host the Commonwealth Games in 2030. The Indian Olympic Association formally approved the bid during its Special General Meeting on Wednesday. With Canada, the other contender, backing out, the possibility of India hosting the event brightens. This will also help elevate its image as a capable host for multi-discipline events and improve its chances of hosting Olympic Games in 2036. The nod from the IOA general body was required because IOA is the governing body of the Commonwealth Games Association in India with IOA president PT Usha as its chief. As reported by this newspaper in March, the CGA president had sent a formal letter of intent showcasing India’s strong ancient cultural and historical heritage and technology-driven future to reimagine the Games for a new generation. The expression of interest was supported by letters from various ministries of the Gujarat government.
Gulveer Singh’s Record
India’s Gulveer Singh, who participated in the Grand Prix athletics meet held in Hungary, broke the national record in the men’s 3,000-meter race. In that competition, he finished the race in 7 minutes and 34.49 seconds, securing 5th place. Last February, at the Indolena meet in the USA, his time of 7 minutes and 38.26 seconds was the national record, which he has now broken himself. He is also the national record holder in the men’s 5,000m and 10,000m events. This was the first competition in Europe for Gulveer Singh, who is the reigning Asian champion in both those events. In this race, Kenya’s Kibichii Mathew Kipkemboi (7:33.23’), Mexico’s Eduardo Herrera (7:33.58’), and Uganda’s Oscar Chelimo (7:33.93’) secured the top 3 positions.
Reports and Indices
”Hurun and Barclays Report”
The family of Reliance Group Chairman Mukesh Ambani continues to be India’s wealthiest family with assets worth ₹28 lakh crore. This is more than twice the net worth of the Adani family, which is valued at ₹14.01 lakh crore. However, among family businesses founded by first-generation entrepreneurs, the Adani family holds the top spot. A new report released jointly by ‘Hurun’ and ‘Barclays’ states that the total net worth of India’s top 300 wealthiest families is approximately ₹140 lakh crore. This is 40% more than the country’s Gross Domestic Product (GDP). Of this, the Ambani family alone holds a 12% stake. Some of the 300 wealthy families have been divided over the past few years. Approximately 75% of these families have expanded their businesses over the last 50 years.
- Ambani - ₹28 Lakh Crore
- Kumar Mangalam Birla - ₹6.47 Lakh Crore
- Jindal - ₹5.70 Lakh Crore
- Bajaj - ₹5.64 Lakh Crore