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The IIT-Delhi endowment fund has an initial commitment of Rs 250 crore from its alumni and nearly 20 corporate leaders who were part of the institute.
Number of billionaires in India more than doubled to 119 between 2013 & 2018 & the country will lead global growth in ultrahigh net worth individuals.
Allegations against Binny Bansal arose just after Flipkart agreed to sell a controlling stake to Walmart.
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Binny Bansal stepped down immediately after an independent probe into the allegations.
Walmart said that Bansal resigned as the CEO of Flipkart Group after an independent investigation into the allegations.
Outlining the plan at RIL AGM, Mukesh Ambani says the effort will involve the group’s Reliance Retail and Reliance Jio.