India's booming real estate sector has more than doubled the number of billionaires from this space in just 12 months, with DLF's Kushal Pal Singh emerging "the world's richest real estate developer." Among 54 Indian billionaires identified by Forbes magazine, there are seven real estate developers with a net worth of over a billion dollar each.
Globus has signed bollywood actress Kareena Kapoor as its new brand ambassador. Another cinestar Soha Ali Khan endorsed the brand for a while.
Rajan Raheja Group's apparel retail chain Globus is planning to invest up to Rs 150 crore (Rs 1.5 billion) over the next three years to take the number of its exclusive outlets to 50.
A simple look at the prices of 10 media stocks during the tenure of the current government tells an interesting tale, says N Sundaresha Subramanian.
'Mr Mehta's jousts with owners and politicians taught many in the trade that editorial freedom is not given, it has to be fought for daily, and seized, especially in these times when the borders between journalism and paid-for-content masquerading as the real thing has permeated almost every newspaper in the land barring a couple.'
A majority of India's billionaires gained wealth in the last one year in spite of the stock market decline.
News media takes a beating from the economy, advertisers and the rupee. To stay afloat, publishers are reacting by folding up businesses and axing staff.
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