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Topic: Indian Billionaires

Chyawanprash to sanitisers — Dabur’s Burman family bets on Covid products

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.
Mukesh Ambani at ThePrint Off the Cuff

Mukesh Ambani is now world’s fourth richest man, overtakes Europe’s wealthiest

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.
File image of Reliance Industries chairman Mukesh Ambani | Photo: ANI

Now, Mukesh Ambani is richer than Elon Musk and Google founders

Mukesh Ambani is now worth $72.4 billion, making him the sixth richest person in the world. Last week he surpassed Warren Buffet.
Medics examine patients for coronavirus in Hyderabad | PTI

Swasth, the alliance of billionaires & start-ups that hopes to fix India’s healthcare system

Swasth, to be launched this week, will digitise patient data & records and create online platforms for hospital care and doctor consultations.
Evacuees airlifted from Rome, Italy on their arrival at IGI airport, before being sent to a quarantine facility in New Delhi on 22 March | Photo: PTI

India’s rich are passing coronavirus to the poor, but not offering monetary help

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.

These new Indian billionaires are racing ahead as the old ones are fading away

Number of billionaires in India more than doubled to 119 between 2013 & 2018 & the country will lead global growth in ultrahigh net worth individuals.
Representational image | Dhiraj Singh| Bloomberg

Richest Indians got wealthier by 39%, world’s poorest saw their fortunes dip by 11% in 2018, says Oxfam study

In its annual study released ahead of the start of the World Economic Forum, Oxfam said 13.6 crore Indians who make up the poorest 10% of the country remained in debt since 2004.

India’s 23 richest people saw $21 billion vanish in 2018

Lakshmi Mittal, who controls the world’s largest steelmaker, led the way, losing $5.6 billion.

Shivinder vs Malvinder: Everyone in India loves a Billionaire Brother Blowout

In the fight between Shivinder Singh & Malvinder Singh of Ranbaxy and Fortis, high finance meets family izzat. There's also a Babaji.
Nirmal Jain, IIFL

Nirmal Jain: The commodities trader who became a billionaire by managing India’s new money

The Mumbai banker’s $20 billion private-wealth-management unit has become India’s biggest by assets. Nirmal Jain has hit the jackpot serving the new rich in the world’s fastest-growing major economy. The Mumbai banker’s $20 billion private-wealth-management unit became India’s biggest by assets and helped make him a billionaire. The nation’s demographics are a driving force, as well as Prime Minister Narendra Modi’s efforts to withdraw India’s biggest bills from circulation, which has pushed savings into the financial system. India’s young and thriving workforce will support its growth for years to come, Jain, 51, said in a phone interview, pointing out that millennials account for about a third of the country’s population and most of the income. “Most of it is first-generation wealth, so your clients are pretty hands-on,” Jain said. “It’s not that they inherited wealth, so they have a lot of passion and attachment to wealth and its performance.” His IIFL Holdings Ltd. more...

On Camera

A Bhartiya Kisan Union member protests against three ordinances passed by the Centre, in Sri Muktsar Sahib | PTI

The disappearance of ‘samanvaye’ from Indian politics 

Farmers today are facing what students, Muslims and Kashmiris have just faced: unilateral policymaking that does not believe in creating consensus. 
A Delhi homeguard conducts a thermal screening of passengers at a bus stop during the Covid-19 lockdown

Large population, reforms to help India overcome virus woes, says former White House official

Todd Buchholz, the former White House director of economic policy, said PM Modi is viewed favorably by global investors and investments should gather pace once the pandemic eases.

Defence

Representational image of Army personnel during an encounter in Shopian | File photo: ANI

Army inquiry finds troops violated AFSPA powers in Shopian encounter, initiates proceedings

In a statement, Army said authority directed to initiate disciplinary proceedings under the Army Act after inquiry indicated that powers vested under AFSPA 1990 were exceeded.
Illustration by Soham Sen | ThePrint

Why India’s triple crisis needs Modi to de-escalate & disengage from divisive politics at home

Covid, China and economy are intense, intertwined crises that need political space and confidence. Responsibility to create them doesn’t lie with opposition.