News for 'New World Wealth'

'History is littered with religious conflict'

'History is littered with religious conflict'

Rediff.com9 Feb 2024

'The othering of religious groups inevitably leads to violence.' 'It is sadly a narrative that has echoed through the centuries since man first discovered God.'

We are controlling...: Rahul predicts 4 assembly poll results

We are controlling...: Rahul predicts 4 assembly poll results

Rediff.com24 Sep 2023

Gandhi also said the idea of 'One Nation, One Election' was aimed at distracting from real issues of the people.

Choona Review: Not Much Fun!

Choona Review: Not Much Fun!

Rediff.com29 Sep 2023

Choona is too slow, has redundant characters and needless complications, observes Deepa Gahlot.

20 years at Reliance helm: Mukesh Ambani redefines scale, business growth

20 years at Reliance helm: Mukesh Ambani redefines scale, business growth

Rediff.com29 Dec 2022

At the 45th Annual General Meeting of Reliance Industries (RIL) in August, chairman and managing director (CMD) Mukesh Ambani described the company as an "unputdownable book" with never-ending chapters of success. "Reliance grew from strength to strength because we internalised the founder's mindset of purpose, philosophy and passion," he said. Wednesday marked the 90th birth anniversary of RIL founder Dhirubhai Ambani.

Amazon's Bezos beats Bill Gates to become world's richest

Amazon's Bezos beats Bill Gates to become world's richest

Rediff.com28 Jul 2017

Bezos achieved the feat after a 1 per cent pop in the shares of Amazon.com, which accounts for a vast majority of Bezos' wealth.

The global millionaire boom

The global millionaire boom

Rediff.com27 Nov 2007

The U.S. still leads the world in number of millionaire households, but maybe not for long -- household wealth is growing fastest in China.

Hindujas are only Britons in world's richest billionaires list

Hindujas are only Britons in world's richest billionaires list

Rediff.com23 Jan 2015

Srichand and Gopichand Hinduja emerged as the 66th richest in the world, as part of an Oxfam study released at the WEF.

Walmart-owned PhonePe calls off deal to acquire fintech startup ZestMoney

Walmart-owned PhonePe calls off deal to acquire fintech startup ZestMoney

Rediff.com31 Mar 2023

Walmart-owned digital payments firm PhonePe has decided to halt its proposed acquisition of Goldman Sachs- and Xiaomi-backed ZestMoney, a Bengaluru-based buy now, pay later (BNPL) platform. The deal, which was poised to fetch anywhere between $150-200 million and $300 million, has hit a snag over lapses in due diligence, disagreements over valuation, sustainability of the business, and shareholding structure of ZestMoney, according to people familiar with the matter. The collapse of the deal is also being attributed to a slowdown in the financial technology (fintech) sector in the midst of a funding winter, difficult regulatory environment, and macroeconomic uncertainty, informed other sources.

Prez Murmu hosts gala dinner for G20 leaders

Prez Murmu hosts gala dinner for G20 leaders

Rediff.com9 Sep 2023

They welcomed the guests before the start of the dinner from the reception dais, with its backdrop showcasing the ruins of the Nalanda University in Bihar besides India's G20 presidency theme -- 'Vasudhaiva Kutumbakam - One Earth, One Family, One Future'.

Brain Drain 2.0 Is Taking Place In India

Brain Drain 2.0 Is Taking Place In India

Rediff.com28 Sep 2023

The migration of domestically developed intellectual property to foreign corporations within India reflects an anomaly in the demand pattern of the country's job market, points out Kanika Datta.

5 Indian-origin women executives on Barron's 100 Most Influential Women in US Finance list

5 Indian-origin women executives on Barron's 100 Most Influential Women in US Finance list

Rediff.com5 Apr 2023

Five Indian-origin women executives have made it to Barron's prestigious annual '100 Most Influential Women in US Finance' list for achieving positions of prominence in the financial services industry and helping shape its future. Barron's is a sister publication of the Wall Street Journal, published by Dow Jones and Company. "The list honours established and emerging leaders in financial services, the corporate world, nonprofit organisations, and government," the magazine said in a press release.

World gets richer: Record 2,170 billionaires!

World gets richer: Record 2,170 billionaires!

Rediff.com7 Nov 2013

Notwithstanding the current economic uncertainty, Asia has recorded the largest increase in its billionaires club in the world with 18 new billionaires in 2013, making it the fastest-growing region, a report says.

Mukesh Ambani is the world's 10th richest man!

Mukesh Ambani is the world's 10th richest man!

Rediff.com27 Feb 2019

Jeff Bezos of Amazon tops the list for the second consecutive year with networth of $147 billion.

Celebrate Ravi Shastri As He Turns 60!

Celebrate Ravi Shastri As He Turns 60!

Rediff.com27 May 2022

As Ravi Shastri turns 60 on May 27, join us in celebrating his landmark birthday and wishing him health, wealth and super success always.

Sitharaman asks banks, FIs to ensure customers nominate heirs

Sitharaman asks banks, FIs to ensure customers nominate heirs

Rediff.com5 Sep 2023

Finance Minister Nirmala Sitharaman on Tuesday asked banks and other financial institutions to ensure that their customers must update nominees to help resolve the problem of unclaimed money in future. "I want the banking system, the financial ecosystem including the mutual funds, stock markets to keep in mind that when someone deals with his (customer's) money, the organisations will have to think about the future and ensure that customers nominate their heirs, give the name and address," Sitharaman said speaking at the Global Fintech Fest (GFF) in Mumbai. According to a report, the banking system alone has more than Rs 35,000 crore of unclaimed deposits, while the overall quantum of the unclaimed money is said to be more than Rs 1 lakh crore.

Tax row: Messi clueless about how his wealth is managed

Tax row: Messi clueless about how his wealth is managed

Rediff.com17 Jul 2013

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.

Hinduja group chairman Srichand Parmanand Hinduja dies in London at 87

Hinduja group chairman Srichand Parmanand Hinduja dies in London at 87

Rediff.com17 May 2023

His business successes which started with the international distribution rights for the Bollywood blockbuster movie 'Sangam' in 1964 made him one of the richest in Britain but it was the Bofors scam that made Srichand Parmanand Hinduja famous, or rather infamous, back home. SP Hinduja, as he was known, died in London on Wednesday after a prolonged illness. He was 87, a family spokesperson said. Born in a business family in Karachi, British India, he and his two younger brothers were accused of receiving payments totalling Rs 64 crore in illegal commissions to help Swedish gunmaker AB Bofors secure an Indian government contract.

42% OBC quota in panchayats if Cong comes to power: Rahul in T'gana

42% OBC quota in panchayats if Cong comes to power: Rahul in T'gana

Rediff.com17 Nov 2023

This will pave the way for emergence of 24,000 new panchayat-level leaders in Telangana, he said.

Bill Gates could become world's 1st trillionaire: Oxfam

Bill Gates could become world's 1st trillionaire: Oxfam

Rediff.com25 Jan 2017

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.

Preity Zinta: The vulgar stress on wealth bothers me

Preity Zinta: The vulgar stress on wealth bothers me

Rediff.com31 Jan 2014

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.

World's ten richest people under 35

World's ten richest people under 35

Rediff.com20 Aug 2015

Zuckerberg has a fortune of $41.6 million

Will My Job Be Threatened?

Will My Job Be Threatened?

Rediff.com20 Apr 2023

Ajit Balakrishnan decodes the post-ChatGPT angst.

'Clinching wealth of circumstances' in Aarushi case: Court

'Clinching wealth of circumstances' in Aarushi case: Court

Rediff.com27 Nov 2013

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.

'Britain siphoned off $44 trillion from India'

'Britain siphoned off $44 trillion from India'

Rediff.com21 Jul 2023

'A very large part of this would have come from opium.'

Bill and Melinda Gates world's wealthiest couple

Bill and Melinda Gates world's wealthiest couple

Rediff.com22 Jul 2015

Others on the list include Warren Buffett and Astrid Menks.

Want To Invest in Gold? Read This

Want To Invest in Gold? Read This

Rediff.com28 Oct 2023

'Gold prices thrive on volatility and more so when the stock markets trend downward.'

'Unity in diversity has helped us survive'

'Unity in diversity has helped us survive'

Rediff.com30 Dec 2023

'The BJP is trying to change this mantra.'

10 best hotel suites in the world

10 best hotel suites in the world

Rediff.com17 Feb 2014

Have more money than you need? Checked out these exclusive abodes of ultra wealthy.

5 MFs You Can Invest In

5 MFs You Can Invest In

Rediff.com16 Sep 2022

Nikunj Saraf, Vice President Choice Wealth, will answers your MF queries.

World's top 10 richest self-made billionaires

World's top 10 richest self-made billionaires

Rediff.com17 Jun 2015

Microsoft co-founder Bill Gates tops list of the world's top 25 richest self-made billionaires.

Adani slips to No 30, group stocks lose Rs 12 lk cr in 1 month

Adani slips to No 30, group stocks lose Rs 12 lk cr in 1 month

Rediff.com26 Feb 2023

Gautam Adani was the world's third and Asia's richest man a month back but a damning report by a US firm triggered a massive sell-off in shares of his apples-to-airport group, plunging his own wealth by $80 billion and the tycoon slipping to No.30 on the world billionaire index. Adani's sprawling conglomerate, which spans from sea ports to airports, edible oil and commodities, energy, cement and data centres, is under attack by US short-seller Hindenburg Research, which successfully deflated electric-vehicle maker Nikola Motors in 2020. Hindenburg, which held short positions in unidentified shares of Adani Group firms through its US-traded debt and offshore derivatives, on January 24 accused the conglomerate of "brazen stock manipulation and accounting fraud" and using a number of offshore shell companies to inflate stock prices.

'Indian markets can generate $3-trillion wealth in 10 years'

'Indian markets can generate $3-trillion wealth in 10 years'

Rediff.com26 Sep 2014

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.

'Nothing alarming about fall in financial savings yet'

'Nothing alarming about fall in financial savings yet'

Rediff.com25 Sep 2023

'As long as economic growth remains steady, creating jobs and generating stable incomes, the rise in home loans should not create problems.' 'If the growth trajectory changes course over the medium term and interest rates rise along with inflation, the expanding trend in home loans may not sustain.'

'Lacklustre Market Is Good Time To Invest'

'Lacklustre Market Is Good Time To Invest'

Rediff.com1 Nov 2023

'Historically, equities have consistently outperformed debt, gold, property, and other assets over a reasonable period.'

India's richest worth $267 billion

India's richest worth $267 billion

Rediff.com16 Jun 2004

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.

Can Rupee Dethrone The Dollar?

Can Rupee Dethrone The Dollar?

Rediff.com22 Sep 2023

Those who consider the rupee as a proxy for virility have started thumping their chests and dreaming of dethroning the dollar from its coveted position, observes Tamal Bandyopadhyay.

Richest 1% to soon own more than rest of the world: Oxfam

Richest 1% to soon own more than rest of the world: Oxfam

Rediff.com19 Jan 2015

In 2010, the richest 80 people in the world had a net wealth of $ 1.3 trillion.

Anyone born in India, eating Indian food is Hindu: Kerala Guv

Anyone born in India, eating Indian food is Hindu: Kerala Guv

Rediff.com29 Jan 2023

"Sir Syed Ahmed Khan once said that I do not think Hindu is a religious term, it is a geographical term. Anyone who is born in India eats food grown in India or drinks water from Indian rivers deserves to be called a Hindu," he said.

India's GDP projections by World Bank, IMF too optimistic: Subramanian

India's GDP projections by World Bank, IMF too optimistic: Subramanian

Rediff.com15 Apr 2020

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.

Market valuations attractive; buy selectively for long term

Market valuations attractive; buy selectively for long term

Rediff.com6 Apr 2023

The sharp correction in the Indian markets from their peak levels has made valuations attractive, say analysts, who advise buying selectively, but only from a long-term perspective. Fifty-six of the Nifty 100 stocks, according to Mahesh Nandurkar, managing director at Jefferies, now trade below the 10-year historical averages, including stocks in financial, select auto, and pharma sectors. "Valuation (one-year forward consensus price-to-earnings, PE) has declined 25 per cent from October 2021 peak, almost matching the 33 per cent price-earnings contraction during the 2011 tightening cycle when repo rates went up by 375 basis points (bps) versus 250 bps this cycle.