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Euro Zone Consumers Raise Short-Term Inflation Expectations Amid Global Trade Uncertainty

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Consumers in the euro zone raised their short-term inflation expectations in April, reflecting heightened economic uncertainty driven by a global trade war, according to the European Central Bank’s (ECB) Consumer Expectations Survey released on Wednesday. Households now anticipate inflation to hit 3.1% over the next year, up from 2.9% in March, significantly surpassing the ECB’s 2% inflation target.

Despite these rising short-term expectations, the outlook for medium- and long-term inflation remains steady. The ECB noted that consumers continue to expect price growth at 2.5% in three years and 2.1% in five years. These figures are based on a survey of 19,000 adults across 11 euro zone nations, suggesting persistent uncertainty without a dramatic shift in longer-term consumer sentiment.

The ECB’s own projections indicate that inflation should slow in the coming months, citing subdued economic growth, modest wage increases, declining energy prices, and a stronger euro. However, the divergence between consumer expectations and ECB forecasts—coupled with ongoing concerns about U.S. tariffs—is pushing the central bank toward another interest rate cut, expected to be the eighth in just over a year.

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Kerala’s Aditya Wins Teen India Glam World 2025 Title

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Aditya Nair, a ninth-grade student from Jyothis Central School in Thiruvananthapuram, has brought pride to Kerala by winning the title at the 2nd edition of Teen India Glam World 2025. The event, held at Le Meridien, Kochi, celebrated young achievers with a flair for the arts, personality, and leadership.

Apart from her success in modeling, Aditya is a dedicated learner and performer. She has trained in the martial arts of Kalaripayattu and Karate, showcasing a balance between academic dedication and extracurricular excellence. Her journey is an inspiration to students nationwide, proving that passion and perseverance pave the way to success.

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Transforming Ideas into Impact: Manappuram Unique Times Conclave 2025 Charts the Path to Business Value Creation

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At the confluence of innovation, leadership, and forward-thinking, the Manappuram Unique Times Conclave 2025 emerged as a seminal event in India’s business landscape. Hosted at the refined Le Meridien Kochi, the conclave brought together thought leaders under the visionary theme, “How to Create Value in Your Business.” Spearheaded by Pegasus Global Pvt Ltd under the stewardship of Dr Ajit Ravi, this year’s conclave reinforced its position as a transformative platform for idea exchange and enterprise evolution.

With CA Vivek Krishna Govind of Varma & Varma, Chartered Accountants, steering the panel discussion, the conclave welcomed a powerhouse of leaders: V P Nandakumar (MD & CEO, Manappuram Finance Ltd), Dr Sumitha Nandakumar (Executive Director, Manappuram Finance Ltd), Dr. Jolly Antony (Chairman, Vibe Munnar and Managing Director, Fog Resort & Spa), CA Sreejith Kuniyil (Founder, CAPITAIRE & PravasiTax), Dr. Fathima Nilufer Sheriff (CEO, Therefore I’m), Navas Meeran (Chairman, Group Meeran & CEO, Eastern Condiments), Sir Sohan Roy SK (Founder, Chairman & CEO, Aries Group), and Muhammed Madani K (Founder & MD, ABC Group).

Each shared invaluable wisdom on value creation amidst today’s business complexities. From financial empowerment to digital innovation, ethical leadership to sustainability, the panel explored the vital elements shaping resilient enterprises. Attendees walked away empowered, enriched, and equipped to redefine value within their organizations.

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Alcazar Watches and DQUE Mrs Kerala Global 2025 title bagged by Dhanya Sanjeev

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The Mrs Kerala Global 2025 title has been rightfully claimed by Dhanya Sanjeev, in a grand spectacle held at Le Meridien, Kochi on May 26th. The esteemed event, powered by Alcazar Watches and DQUE, was orchestrated by Pegasus Global Pvt Ltd, a pioneer in creating empowering platforms for women. Harsha Sunny and Devika Vijaykumar were named first and second runners-up, respectively. The title winner was crowned by Revathy Mohan (Mrs Kerala Global 2024), while Dr Ajit Ravi, Chairman of Pegasus, and Jebitha Ajit, Managing Director of Pegasus Global Pvt Ltd, crowned the first and second runners-up, respectively.

12 talented women competed in the finale, reflecting excellence and elegance. Their performances turned the event into an inspiring celebration of personality, intellect, and charisma.

Subtitle Winners

Mrs Kerala Solidarity – Tintu Bissy

Mrs Kerala Fashionista – Devika Vijaykumar

Mrs Kerala Inspiring – Harsha Sunny

Mrs Kerala Vivacious – Devika Vijaykumar

Mrs Kerala Ramp Walk – Athira Sreedharan

Mrs Kerala Congeniality – Ramya P

Mrs Kerala Talent – Dhanya Sanjeev

Mrs Kerala Humaneness – Dhanya Sanjeev

A special panel, including Revathy Mohan (Mrs Kerala Global 2024), Lakshmi Atul (Director, Operations, Aries Group), Regi Bhaskar (Fashion Photographer), and Nisha Mathew (entrepreneur, actor, and producer) judged winners. The iconic gold crowns were presented by Preeti Prakash from Parakkat Jewels, reinforcing the sense of accomplishment for the winners.

The pageant saw robust backing from influential partners. While Alcazar Watches and DQUE led as main partners, additional support came from Manappuram Finance Ltd, Unique Times, Parakkat Resorts, SAJ Group Hotels & Resorts, and Green Media. Co-partners who enhanced the event’s reach and visibility included Kalpana International Salon & Spa, Aiswaria Advertisements, Europe Times, Times New, UT World, DQUE Soap, DQUE T-shirts, DQUE Watches, Unique Times, Akshay Inco, and JD Institute of Fashion Technology.

Finalists who took the stage were Anjela Francis, Athira Sreedharan, Devika Vijaykumar, Dhanya Sanjeev, Harsha Sunny, Prineesha Thomas, Ramya P, Rikhina Akhil, Saritha S N, Sheeja Naveen, Surya Suresh, and Tintu Bissy. More than just a pageant, the event stood as a tribute to the entrepreneurial, social, and personal aspirations of women across Kerala.

Pic Courtesy: Pegasus Photography

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Shwetha Jayaram from Kerala Emerges as Miss Queen of India 2025; Livya Liffy and Kavya Bali Shine as Runners-Up

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At the grand finale held on May 26th at Le Meridien, Kochi, Shwetha Jayaram from Kerala was crowned Alcazar Watches & DQUE Miss Queen of India 2025, with Livya Liffy from Kerala securing the first runner-up spot and Kavya Bali from Jammu & Kashmir taking home the second runner-up title. The title winner was crowned by Pegasus Chairman Dr. Ajit Ravi and Jebitha Ajit, Managing Director of Pegasus Global Pvt. Ltd. The first runner-up was crowned by Sajan Varghese, Chairman & MD of SAJ Hotels and Resorts, and Dr. Jolly Antony, Chairman of Vibe Munnar and Managing Director of Fog Resort & Spa. Dr. G. N. Ramesh, Rotary Governor, and Major Ravi crowned the second runner-up.

This year’s competition welcomed 14 charismatic contestants representing the various Indian states. They underwent comprehensive grooming sessions by industry experts to prepare for the national stage. The competition was structured around three elegant rounds — a traditional round in lehenga, a contemporary western wear segment, and a final evening gown round.

Organized by Pegasus Global Pvt Ltd, the pageant stood apart as the only one in the nation to eliminate the bikini round, reinforcing its values of dignity and cultural representation. The Miss Queen of India platform serves as a gateway to global pageants such as Miss Asia, Miss Asia Global, and Miss Glam World.

Regional Title Winners

Miss Queen North – Ritu Roat (Rajasthan)

Miss Queen West – Rupvardhini Kumar Saste (Maharashtra)

Miss Queen East – Bhupali Modak (West Bengal)

Miss Queen South – Sanjana Akasam (Telangana)

Subtitle Winners

Miss Talent – Rupvardhini Kumar Saste (Maharashtra)

Miss Solidarity – Mayuri Mishra (Maharashtra)

Miss Fashionista – Ritu Roat (Rajasthan)

Miss Congeniality – Deepika Krishnamurthy (Karnataka)

Miss Ramp Walk – Livya Liffy (Kerala)

Miss Humaneness – Shwetha Jayaram (Kerala) 

Miss Inspiring – Karishma Avinash Kadam (Maharashtra)

Miss Vivacious – Shwetha Jayaram (Kerala)

Esteemed personalities formed the judging panel, including Hari Anand, Harmeet Singh Gupta, Magen Fernandes, and Abhijeet Adurkar. Winners proudly wore gold crowns designed by Preeti Prakash of Parakkat Jewels, while subtitle awards were determined by a panel of distinguished evaluators.

The event was presented by Alcazar Watches and DQUE, with powered by partners including Manappuram Finance Ltd, Unique Times, Parakkat Resorts, SAJ Group Hotels & Resorts, and Green Media. Co-partners contributing to the success of the event were Kalpana International Salon & Spa, Aiswaria Advertisements, Europe Times, Times New, UT World, DQUE Soap, DQUE T-shirts, DQUE Watches, Unique Times, Akshay Inco, and JD Institute of Fashion Technology.

This year’s 14 contestants were:
Akshitha Sathyanarayana (Karnataka), Bhupali Modak (West Bengal), Deepika Krishnamurthy (Karnataka), Karishma Avinash Kadam (Maharashtra), Kavya Bali (Jammu & Kashmir), Livya Liffy (Kerala), Mayuri Mishra (Maharashtra), Meenakshi Unnikrishnan (Kerala), Ramyani Roysarkar (West Bengal), Ritu Roat (Rajasthan), Rupvardhini Kumar Saste (Maharashtra), Sanjana Akasam (Telangana), Shhukra Surryavanshi (Maharashtra), and Shwetha Jayaram (Kerala).

Pic Courtesy: Pegasus Photography

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Durga Surendran Wins Miss Queen Kerala 2025 as Pegasus Global Hosts Grand 13th Edition

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Pegasus Global Pvt Ltd successfully hosted the 13th edition of Miss Queen Kerala on May 26th, 2025, at Le Meridien Kochi, where Durga Surendran was crowned the winner. Ashwaria Ullas and Soumya S Thomas were named the first and second runners-up, respectively. The prestigious pageant was presented by Alcazar Watches and DQUE.

The winner and first runner-up were crowned with golden tiaras by Pegasus Chairman Dr Ajit Ravi and Pegasus Global Private Limited Managing Director Jebitha Ajit. Sajan Varghese, Chairman & MD, SAJ Hotels and Resorts crowned the second runner-up.  A dazzling gold crown specially crafted by Preethi Prakash of Parakkat Jewels graced the heads of each triumphant winner, in a truly befitting tribute to their remarkable achievements.

The judging panel included eminent names such as Dalu Krishnadas (Fashion Choreographer), Lakshmi Atul (Director, Operations of Aries Group), Konchitha John (Miss Queen Kerala 2019, Model & Pageant Groom), and Reji Bhaskar (Fashion Photographer).

A total of 20 finalists were selected from across Kerala to compete in a series of three rounds, evaluating elegance, confidence, and personality.

Subtitle Winners

Miss Talent: Lakshmi Abhirami R Iyer

Miss Solidarity: Rosmi Shaji

Miss Fashionista: Ashwaria Ullas

Miss Congeniality: Harshitha J Pisharady

Miss Ramp Walk: Harshitha J Pisharady

Miss Humaneness: Lakshmi Abhirami R Iyer

Miss Inspiring: Durga Surendran

Miss Vivacious: Chyra Rose Luiz

In addition to the main partners Alcazar Watches and DQUE, Powered by partners included Manappuram Finance Ltd, Unique Times, Medimix, Parakkat Resorts, SAJ Group Hotels & Resorts, and Green Media. Co-partners were Kalpana International Salon & Spa, Aiswaria Advertisements, Europe Times, Times New, UT World, DQUE Soap, DQUE T-shirts, DQUE Watches, Unique Times, Akshay Inco, and JD Institute of Fashion Technology.

The participants of this year’s competition were:
Abhivandana S, Aiswarya Padmakumar, Aneeta L, Anet Anna K L, Anna Mariya Manoj, Ashwa, Ashwaria Ullas, Athulya Nagarajan, Chyra Rose Luiz, Durga Surendran, Gahazy Shiju Kunnath, Gayathri Pradeep, Glanciya Glodis, Harshitha J Pisharady, Irin Geovin, Lakshmi Abhirami R Iyer, Manisha Prem, Rosmi Shaji, Rubina Ross, and Soumya S Thomas.

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Sir Sohan Roy SK Honored with 18th Manappuram MBA Award

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The 18th edition of the prestigious Manappuram Multibillionaire Business Achiever (MBA) Award was conferred upon Sir Sohan Roy SK, Founder Chairman & CEO of Aries Group, at a spectacular ceremony held at Le Meridien, Kochi. The award was presented by V.P. Nandakumar, MD & CEO of Manappuram Finance Ltd and the first-ever recipient of the MBA Award. Dr Ajit Ravi, the visionary founder of the MBA Award and the Federal International Chamber Forum (FICF), and also the Chairman of Pegasus, was present at the event.

With this honor, Sir Sohan Roy SK becomes a member of the Federal International Chamber Forum (FICF), one of the wealthiest business clubs in the world. FICF is an exclusive forum for business leaders with assets exceeding ₹1,000 crore and a demonstrated commitment to social responsibility. Notably, FICF is the first elite business club globally that does not charge any membership fee, making it a unique platform where success and service go hand in hand.

The Manappuram MBA Award, established to recognize business excellence combined with strong social values, has previously been awarded to distinguished entrepreneurs such as V.P. Nandakumar, Joy Alukkas, M.A. Yusuff Ali, T.S. Kalyanaraman, P.N.C. Menon, Gokulam Gopalan, Dr. Ravi Pillai, M.P. Ramachandran, Kochouseph Chittilappilly, Sabu M. Jacob, Dr. Viju Jacob, Dr. A.V. Anoop, Dr. Varghese Kurian, Adv. P. Krishnadas, and Dr. Hafeez Rahman.

Continuing its legacy, the MBA Award remains a beacon of excellence—honoring visionary business leaders who not only achieve remarkable success but also lead with purpose and contribute meaningfully to the betterment of society.

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Manappuram Unique Times Business Conclave Returns on May 26

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Pegasus Global Private Limited, under the visionary leadership of Dr. Ajit Ravi, is set to host the sixth edition of the Manappuram Unique Times Business Conclave 2025 on May 26th at Le Meridien, Kochi. This year’s theme, “How to Create Value in Your Business,” will focus on building enterprises that go beyond profit-making to positively impact society and the economy. The conclave is expected to bring together some of the most prominent business leaders and entrepreneurs from across the country.

The distinguished panel of speakers includes V.P. Nandakumar, Managing Director and CEO of Manappuram Finance Ltd; Dr. Jolly Antony, Founder & CEO of Al Safina Travel, Vibe Munnar, Fog Resort Spa, and Zeus Resort; CA Sreejith Kuniyil, Founder of CAPITAIRE & PravasiTax Solutions Pvt Ltd; Dr. Fathima Nilufer Sheriff, CEO of Therefore I’m; Navas Meeran, Chairman of Group Meeran and CEO of Eastern Condiments Pvt Ltd; Sir Sohan Roy SK, Founder, Chairman, and CEO of Aries Group of Companies; and Muhammed Madani K, Founder and MD of ABC Group. The discussion will be moderated by CA Vivek Krishna Govind of Varma & Varma Chartered Accountants.

Attendance at the conclave is by invitation only and requires a valid entry pass. Those interested in being part of this high-impact business event are encouraged to contact 98460 50283 to request a pass. The conclave promises engaging conversations on purpose-driven entrepreneurship and the future of value-centric businesses.

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UK to Transfer Chagos Islands to Mauritius in Landmark Deal Securing 99-Year Military Base Lease

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Prime Minister Sir Keir Starmer is set to sign a historic agreement transferring sovereignty of the Chagos Islands to Mauritius, while ensuring the continued operation of a key UK-US military base on Diego Garcia. The deal, expected to be signed virtually on Thursday, includes a 99-year lease for the base in exchange for a multi-billion pound payment, securing strategic interests in the Indian Ocean. The decision follows months of delays caused by leadership changes in Mauritius and the United States, and national security concerns raised by US officials regarding Mauritius’ ties with China.

The Chagos Archipelago, officially the British Indian Ocean Territory (BIOT), was controversially detached from Mauritius in 1965 prior to its independence, with Britain purchasing the islands for £3 million. The UK has faced mounting international pressure, including from the UN, to return the territory to Mauritius. Labour ministers argue that ceding sovereignty is the most viable way to secure the future of the Diego Garcia base, which Defence Secretary John Healey has called “essential to our security.”

Ahead of the signing, representatives of the Chagossian community have been invited to meet Foreign Office Minister Stephen Doughty for discussions on sovereignty and new support projects. Following the ceremony, MPs will be briefed on the full terms, which may include a 40-year extension clause for the military lease. While the previous Conservative government began talks, some critics have accused Labour of compromising UK interests, despite the government’s insistence that the deal safeguards both strategic alliances and national security.

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Tesco Apologises for IT Glitch Disrupting Online Orders and Clubcard Access

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Tesco has issued an apology after a software issue temporarily disrupted access to its website and mobile app on Friday afternoon, leaving many customers unable to amend online orders or retrieve their digital Clubcards. The UK’s largest supermarket chain confirmed the problem was caused by a software glitch that has since been resolved. “We’re sorry for the inconvenience,” a Tesco spokesperson said in a statement to the BBC.

Customers took to social media to report a range of issues, from being unable to modify online grocery orders to problems accessing loyalty vouchers and collecting Clubcard points. The supermarket’s official account on X (formerly Twitter) acknowledged “intermittent system issues” and assured users that its IT team was working to fix the problem. According to Downdetector, reports of technical difficulties peaked shortly after 14:00 BST and began to decline around two hours later.

Although some users said they experienced outages for up to four hours, Tesco made no indication that the issue was linked to a cyber attack. This comes as other UK retailers, including Marks & Spencer and the Co-op, have recently suffered disruptions caused by cyber incidents. Tesco’s Clubcard scheme, which boasts over 20 million members, allows customers to earn points and receive discounts both in-store and online.

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