The 44-year-old has a net worth of about $1 billion. His three co-founders collectively own just under about $2 billion of stock in the parent company.
In his book No Trade Is Free, ex-USTR writes how an Indian friend corrected him and said only seven billionaires run the country; the others just try to influence these seven.
A $10.5 billion pact announced Sunday marked some 32 acquisitions for the Adani Group this past year, with the ambitious tycoon rapidly diversifying his business into new areas.
Sales of Dabur's flagship Chyawanprash rose 700% last quarter from the previous 3 months, said Gaurav Burman who runs his family office, which oversees about $1.5 billion in assets.
Reliance's shares have more than doubled from a low in March as its digital unit got billions in investments from companies including Facebook Inc. and Google.
Be it Akshay Kumar or Anurag Kashyap, Ambanis or Adanis, India's wealthy have yet to open their hearts, let alone their purse, in times of coronavirus.
The collusion between the new class of bureaucrats, politicians, businessmen and trade union bosses perpetuates itself partly because of the short-run benefits and partly because they see no way out of the system, wrote author MH Mody in 1980.
IAF is firming up plans to revamp airlift capabilities with medium transport aircraft that will be assembled in India & serve as its main workhorse. Embraer is leading contender as of now.
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