Another report by Oxfam had found that eight billionaires, including Bill Gates, from around the globe have as much money as the 3.6 billion people who make up the poorest half of the world's population.
With some variations, all regional political formations, whether in power presently or out of it, share some common features: Tight family control of the political apparatus, key members in elected or appointed positions, obvious wealth but not quite known sources of income, and family factionalism, sometimes open and bitter, notes Shreekant Sambrani.
Lionel Messi is optimistic his advisers will be able to sort out his tax problems after he and his father were accused of defrauding the Spanish authorities last month.
He is currently on a two-day swing to the crucial State of Iowa. On January 15, Iowa would kick off the 2024 Republican presidential primary season.
Mining magnate Anil Agarwal's conglomerate on Friday announced a major business shake-up, with flagship Vedanta Ltd approving a spin-off of its metals, power, aluminium and oil and gas businesses into separate listed entities and an overhaul of lucrative zinc unit planned as part of value creation and reducing debt load. Vedanta will issue one share of the five demerged businesses for every share held in the company, the firm said in a statement. The entire exercise, which would require shareholder and lender approval as well as a nod from the stock exchanges and courts, is expected to be completed in 12-15 months, its president for finance Ajay Agarwal said.
On Preity Zinta's 39th birthday on January 31, the actress talks about her hopes and fears, and why she loves films like Jai Ho and Bhaag Milkha Bhaag.
The conviction of dentist couple Rajesh and Nupur Talwar in the murder of their 14-year-old daughter Aarushi and domestic servant Hemraj is based on "clinching wealth of circumstances" placed by the Central Bureau of Investigation which had earlier sought closure, citing lack of sufficient evidence.
The failure of SVB was due to idiosyncratic reasons, but shows how higher rates can expose fault lines in unforeseen places, observes Neelkanth Mishra.
Others on the list include Warren Buffett and Astrid Menks.
In the prevailing difficult circumstances, the Congress is the only party that can provide capable and decisive leadership to the country, Kharge asserted.
Have more money than you need? Checked out these exclusive abodes of ultra wealthy.
Microsoft co-founder Bill Gates tops list of the world's top 25 richest self-made billionaires.
Bharatiya Janata Party member of Parliament and former investment manager Jayant Sinha on Friday said the country has potential to become a $5 trillion economy.
Subramanian recommended five ways of financing additional expenditure over a period of one year, including cutting expenditure and borrowing directly from the RBI or monetising debt.
About 61,000 high net worth individuals in India increased their wealth by 22 per cent to a whopping $267 billion (Rs 12,09,000 crore) in 2003, the World Wealth Report drawn up by Merrill Lynch and Capgemini said on Wednesday.
In all likelihood, the next conventional Chinese attack on India would be preceded by a massive cyber attack designed to cripple Indian networks and interfere with our disaster-relief programmes.
In 2010, the richest 80 people in the world had a net wealth of $ 1.3 trillion.
George Soros, who is in the eye of the storm over his remarks against Prime Minister Narendra Modi on the Adani issue, is an Hungarian-born American financier, philanthropist, and activist whose success as an investor made him one of the wealthiest men in the world. He is also known as a powerful and influential supporter of liberal social causes. In a speech at the Munich Security Conference on Thursday, the billionaire philanthropist said he believes the turmoil at Gautam Adani's business empire may weaken Prime Minister Narendra Modi's hold on the government, a statement which was strongly contested by the BJP as an attack on Indian democracy.
All the countries in the top 10 have seen a decline in market value.
Covid-19 pandemic that brought life to a near standstill in 2020 has left Indian adults poorer by 6.1 per cent in 2020, suggests the Credit Suisse Global Wealth Report 2021. Wealth per Indian adult in 2020, according to the report, dropped to $14,252 by 2020-end compared to pre-pandemic levels. On a cumulative basis, Credit Suisse estimates the drop in the wealth of Indian adults at $594 billion.
Mutual funds (MFs) invested a record Rs 1.73 trillion in equities in the financial year 2022-23 (FY23), providing strong support to the Indian markets at a time when foreign investors were redeeming their holdings. They exceeded the previous high of nearly Rs 1.72 trillion investment in equities in FY22. The data from the Securities and Exchange Board of India (Sebi) shows MFs were net buyers in the equity market in eleven of the twelve months last financial year.
India's historical focus on its continental borders has overshadowed its maritime ambitions, but that is changing quickly, notes Ajai Shukla.
The lowly kadu is promoted to an awesome pumpkin soup.
A well-developed banking system and stock market was also a factor as it encourages the people to invest their money.
Billionaire Mukesh Ambani's children -- Isha, Akash and Anant -- on Monday were appointed on the board of his energy-to-technology conglomerate Reliance Industries Ltd, in what is seen as a clear path of succession planning at India's most valuable company.
A recent study titled - The Wealth Report 2012 - suggests that even though the focus is now on emerging economies; established top cities in the world will continue to draw wealth for sometime.
Mukesh Ambani drops from 18th in 2012 to 35th position.
Although the world economy is going through a rough time, there is no shortage of millionaires and billionaires in the world.
Business tycoon Mukesh Ambani may have retained his title as India's richest person for 7th year in a row, but his place among the world's richest people has dropped to lowest in eight years.
India need to appoint a new Twenty20 captain and follow England's template to revive their fortunes in that format, former head coach Ravi Shastri said.
'Our Left is squeamish about democracy. They are so mechanical they have only dogma.'
Let's have a look at some of the richest diamond owners in the world.
India will play three ODIs between 18 to 22 August against Zimbabwe at the Harare Sports Club, which will be part of the ICC Cricket World Cup Super League.
Yadav will be available to represent the Club in both First-Class and List-A formats
Among the many exits from the billionaire's club in 2022 are D Uday Kumar Reddy of Tanla Solutions (net worth down 66 per cent), Sushil Kanubhai Shah of Metropolis Healthcare (down 65.7 per cent), Vijay Shekhar Sharma of One97 Communications (down 66 per cent), and C K Birla (down 43.4 per cent).
Value deals are available at Rs 2-10 lakh, giving investors an opportunity to make some good buys.
US Congressman Ro Khanna's message is that instead of depending on the 'hidden hand' of capitalism -- that is to say, the power of markets -- it is time for policymakers to play a more active role in making sure that a wide range of towns become locations for digital economy enterprises and jobs, points out Ajit Balakrishnan.
Those who worry that the Adani saga will turn the world off India are not looking at the entire picture, asserts Mihir S Sharma.
"The biggest providers of financial secrecy are not small, palm-fringed islands as many suppose, but some of the world's biggest and wealthiest countries," finds the Financial Secrecy Index.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances