India's reserves have been skyrocketing, reaching $ 260 billion as of end October 2007. This makes India the fifth largest holder of reserves in the world. Without the sustained appreciation of the rupee, the buildup of reserves would have been even larger.
Richest Indian Mukesh Ambani on Tuesday mentioned about leadership transition at his energy-to-retail conglomerate, saying he wants the process to be accelerated with seniors, including him, yielding to the younger generation. Ambani, 64, who has previously not spoken about succession plans at the country's most valuable company, said Reliance is "now in the process of effecting a momentous leadership transition." Ambani has three children -- twins Akash and Isha, and Anant.
India has helped the world discover the true potential of democracy and the keyword for the country today is compassion for the downtrodden, needy and those on the margins, President Droupadi Murmu said on Sunday.
'What Siddhartha's life teaches us is something very true about life; that life is a circle, and what goes up will come down. What is on top today will come down tomorrow, and what is down will go back to the top.'
'The main thing Cyrus left is to tell us that you can be a business leader by being good.' 'He practiced that in all of his dealings, in all of his decisions -- in the way he thought, the way he behaved and indeed as he spoke.'
The market capitalisation of BSE-listed companies on Thursday crossed the historic Rs 200 lakh crore mark for the first time, driven by a continuous rally in the broader market. Riding high on the bullish investor sentiment, the market capitalisation of BSE-listed companies reached a record Rs 2,00,47,191.31 crore at close of trade. The 30-share BSE index closed the day with a gain of 358.54 points or 0.71 per cent at its lifetime peak of 50,614.29. This is the fourth consecutive day of gains for the markets.
Not all change is good, but this one is, applauds Shekhar Gupta.
World number one Vijender Singh (75kg) fought through a bleeding nose to clinch his first international gold medal in two years as Indian pugilists made a clean sweep in the finals to win the overall team title at the fifth Commonwealth Boxing Championships in New Delhi.
'How do you deliver wealth when you don't have the slightest idea about it?' asks T C A Srinivasa Raghavan.
Claude Arpi, who spent 10 days in the Land of the Dragon, tells us how Bhutan is different from the rest of the world.
Delhi boy Tejaswin Shankar produced a record-shattering performance as Indians struck two gold and a silver medal to launch their Commonwealth Youth Games campaign on a rousing note in Apia, Samoa, on Monday.
A 29-member Indian squad on Monday left for Malaysia to take part in the Commonwealth Senior and Junior Weightlifting Championships in the backdrop of a series of dope flunks which left the national federation with the prospect of being banned internationally.
Family offices are increasingly looking to invest directly in start-ups rather than through investment in venture capital (VC) firms. The shift is happening because of multiple reasons. Next-generation scions of wealthy families are conversant with how the start-up world works after they have spent time in Silicon Valley; start-up investment is rising to 10-15 per cent of family offices' portfolios from single digits; and they do not want to share gains of investment with VC firms. "While earlier they would prefer to invest in this asset class via venture capital (VC) funds as LPs (limited partners), now they are making direct investment in start-ups.
Faadu: A Love Story looks like one of those old movies with a socialist bent that glorified honest poverty and looked down upon ambition and enterprise, notes Deepa Gahlot.
The world seems to have caught severe pneumonia, or worse, as China had flu.
Automobile manufacturers, new and old, as well as ancillary suppliers are set to spend a combined Rs 70,630 crore over the next five years on either entering the electric vehicle segment or stepping up their presence in it. Data culled from announcements made by firms shows India, the world's fifth largest automobile market, is poised to receive one of the biggest capex pushes ever to fuel the transition from internal combustion engines to electric motors and batteries as part of a green drive. The EV push, egged on by the government's emphasis on electric mobility to meet its net zero targets, is expected to yield at least 25 electric vehicles - new ones as well as electrified versions of existing vehicles running on internal combustion engines.
While Sunak has maintained a dignified silence over the recent crisis, his supporters have not lost any opportunity to point out how the former finance minister had got the economic forecasts right.
While there is little doubt that the emerging economies present the best chances for economic growth, not all countries will prosper at the same rate, says the Wealth Report 2012 by Knight Frank & Citi Private Bank.
Xi's ascent to power and the quick consolidation of his leadership of the party with a shock anti-graft campaign securing the title of the "core leader" of the party bequeathed only to Mao has indeed forced his rivals in the party to submission and caught the attention of the world.
Radhakishan S Damani, investor and promoter of the D-Mart supermarket chain, has broken into the elite club of the top 100 global billionaires. Damani, who grew up in a single-room apartment in Mumbai, is now ranked 98th on the Bloomberg Billionaires Index with $19.2 billion as his net worth. The index is a daily ranking of the world's richest people. The other Indians on the top 100 rich list ahead of Damani are Mukesh Ambani, Gautam Adani, Azim Premji, Shiv Nadar, and Lakshmi Mittal.
'They were certainly not practising Hinduism in the Harappan culture (which includes Mohenjo Daro and other sites).' 'There was no notion of Hinduism then.'
Market selloff erodes nearly Rs 12 lakh crore of investor wealth. On the BSE, 1,279 scrips declined, while 193 advanced and 40 remained unchanged.
The report however noted that the migration of super rich from China and India is not a "concern".
Byju's is set to promote its chief operating officer (COO) Mrinal Mohit to a bigger role, including leading the India operations, according to people familiar with the matter. This is because Byju Raveendran, founder and chief executive officer (CEO) of the edtech giant - which is valued at $22 billion - is planning to focus on global expansion and acquisitions. Among the global regions, Raveendran may look at markets such as the US and the Middle East.
As India gets ready to roll out one of the largest vaccine programmes, billionaire Mukesh Ambani on Tuesday said his group is working with authorities to provide technology tools and backbone for mass inoculation against COVID-19. Ambani's telecom venture Jio was rolled out four years back, offering free voice calling and dirt-cheap data. Today, Jio is India's largest telecom operator with over 400 million users, each connected to the internet. At a Facebook event, Ambani said the government's digital push kept the country running even during the pandemic and is now helping in the rollout of one of the largest vaccination programmes.
If they can sit together and hammer out 'Black Sea Initiative' deal for much needed food shipments, surely, they should be able to address the madness of the larger military conflict?
Chaudhary also announced that if his party is voted into power in Uttar Pradesh, high court benches will be set up in western Uttar Pradesh, Bundelkhand and Purvanchal areas of the state.
'Partition was a two-sided story in a very big way.' 'We've oversimplified it, blamed the British, thought of ourselves only as victims.' 'We've been both victims and perpetrators.'
'There will be artists and megastars and celluloid masters in Indian Cinema but there will never be another AMITABH BACHCHAN.'
It has invested billions of dollars in preparing for the 2022 soccer World Cup. However, human rights groups have criticised the treatment of migrant workers.
'Rakesh's life is hard, but he knows how to find joy.' 'He doesn't think his life's value comes from money. He sees no shame in his poverty.'
'Not many know that Ratan Tata became chairman of Tata Sons because of Cyrus's father Pallonji Mistry. But he (Cyrus) never used it or leveraged it to his benefit.'
In a stunning turn of events, five-time World champion and Olympic bronze-medallist M C Mary Kom was left out of the three-member Indian women's boxing squad for the Commonwealth Games, in Glasgow, from July 23 to August 3.
Former U-19 World Cup-winning captain Unmukt Chand is set to become the first Indian cricketer to play in Australia's Big Bash League after he signed for Melbourne Renegades for the 2021-2022 season.
Here's the full text of the maiden address to the nation by President Droupadi Murmu on the eve of Independence Day 2022.
Premji is ranked 13th on Forbes' first ever list of '100 Richest People In Tech', followed by Nadar on the 14th spot.
"India is a welfare state and, therefore, we cannot allow either extreme poverty or inequality," he said.
It's time for colours, lights and celebrations - Diwali is here! In these photos, see celebrations from Gujarat to London to Colombo.
The ineptness of successive American presidents, from Bush the Younger to Joe Biden the Old, combined with the cluelessness that Americans demonstrate in foreign lands, contrasts with the Chinese leadership's seemingly singular focus on the accumulation of wealth and power, asserts T N Ninan.
