Indian business magnate Mukesh Ambani is the 18th richest person in the world with a personal wealth of $24.7 billion in 2012, according to the Bloomberg Billionaires Index, a daily ranking of the world's 100 wealthiest individuals.
These leaders also created wealth for their investors.
The net worth of India's richest man, Mukesh Ambani, dropped 28 per cent, or USD 300 million a day for two months to USD 48 billion as on March 31 due to the massive correction in stock markets, a report said on Monday. The chairman and managing director of the diversified Reliance Industries saw his wealth decline by USD 19 billion (app Rs 144,400 crores) in the February-March period, taking his global ranking down eight places to 17th, the Hurun Global Rich List said.
The rupee's fall is likely to put company promoters who raised money through foreign currency convertible bonds (FCCBs) in a spot.
The car firm however does not want to sell its business.
After a long time, real estate companies could hit the fund-raising trail. The reason is improvement in investor sentiment.
Even when large businesses said they were flying blind in mid-2020, the markets rallied and an incredible business boom followed. This is not to say that the markets will continue to rally and there is nothing to worry about, observes Debashis Basu.
You will be surprised to know that among all the countries in the world a software engineer in Pakistan makes the most money.
The 70-year-old leader had a disappointing Super Tuesday that included a third-place finish in her home state of Massachusetts.
'Serial testing is much more valuable than a single test which reflects just a point in time.'
Mukesh Ambani drops from 18th in 2012 to 35th position.
In the male-dominated corporate world, these brilliant women have proved their mettle and made a big difference.
New York's flooded transit system could be out of service for four days after the superstorm 'Hurricane Sandy' slammed into the city, blocking major tunnels and subway stations, Metropolitan Transportation Authority officials have said.
Under the ambit of probe is how former exec Eric Alexander obtained medical records of woman who was raped by an Uber driver in Delhi in 2014
RBI is expecting the rupee to stay close to Rs 75 to a dollar, as COVID-19 forces foreign funds to withdraw from emerging markets.
India metros are travellers' paradise when it comes to accommodation.
In his commencement address at Istanbul's Koc University business tycoon and former mayor of New York Michael Bloomberg revealed to students the secret to how he built a billion-dollar empire.
If you are an unskilled worker in Luxembourg or France you will make at least a lakh per month.
Microsoft Corp is considering Ericsson Chief Executive Hans Vestberg as a possible successor to outgoing CEO Steve Ballmer.
Indian companies will have to repay overseas debt worth $7.5 billion in the June quarter.
A round up of the latest health news that affects you.
Their businesses are expected to do well this year and the scrips' downside risks are limited, as the valuations are reasonable.
These tech wizards transformed the IT sector with path breaking innovations.
From raw material shortage to environmental activists and high debt, Vedanta Resources is up against a lot.
As lobbying and counter-lobbying intensify, right now, it looks like a T20 match, discovers Tamal Bandyopadhyay.
'Democracy is India's greatest strength.'
In the male-dominated corporate world, these women have proved their mettle and turned out to be inspiring and successful role models.
Citing people familiar with the matter, the report said the banks were discussing lending Fiat the money to buy a 41.5 per cent stake in Chrysler held by the United Auto Workers' healthcare trust Veba.
A letter laced with poisonous substance ricin, sent to United States President Barack Obama, has been intercepted by the Federal Bureau of Investigation, the agency has confirmed.
Microsoft Corp, the world's biggest software maker, may move some customer-service jobs to India, according to a Bloomberg report from Sanfransico.
Some of the firms that have witnessed major drop in analysts' coverage include Dish TV, YES Bank, and JSW Energy.
Chechen-born Tsarnaev brothers had plans to attack the iconic Times Square in New York after they shocked the US by twin blasts in Boston last week that killed three persons and wounded more than 200 others.
"Discussions are on; what is going on is something confidential between us and the Chinese," he said when the moderator at the Bloomberg India Economic Forum pressed the minister to give a clear status of the border situation.
The reason is believed to be a 19% increase in interest cost.
As a model of transport, the A380 strikes a parallel -- a shared fragility -- with giant container ships, observes Shyam G Menon.
Won't put in more money, irrespective of SC decision on curative petition.
The celebrity florist has designed for the Royalty and more recently, Isha Ambani's wedding.
Despite the reality of the fiscal cliff, the US declinism industry is beginning to bottom out now.
Former external affairs minister Jaswant Singh on Saturday defended the National Democratic Alliance government's decision to free three dreaded terrorists to save the lives of 166 hijacked passengers on board an Indian Airlines flight and said governments should always opt for such a decision.
