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Topic: Indian Billionaires
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.
Mukesh Ambani is now worth $72.4 billion, making him the sixth richest person in the world. Last week he surpassed Warren Buffet.
Swasth, to be launched this week, will digitise patient data & records and create online platforms for hospital care and doctor consultations.
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.
Number of billionaires in India more than doubled to 119 between 2013 & 2018 & the country will lead global growth in ultrahigh net worth individuals.
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.
Lakshmi Mittal, who controls the world’s largest steelmaker, led the way, losing $5.6 billion.
In the fight between Shivinder Singh & Malvinder Singh of Ranbaxy and Fortis, high finance meets family izzat. There's also a Babaji.
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...