New York City has the world's largest number of billionaires but Asian cities, which include Mumbai, dominate the list of top 20 billionaire places in the world, indicating that the region is at the beginning of a new cycle in wealth creation, says a report.
Bill Gates with an estimated wealth of $86 billion topped the list for the fourth year running.
While Nifty 50 reflects changes in 40 years, it also shows what is missing: Low-cost manufacturers at one end, and deep-value players at the other. Also missing are technology players, observes T N Ninan.
The rich-poor divide has been growing despite the economic boom in several countries.
It is advisable to avoid a fund until it develops a track record.
The Credit Suisse Global Wealth Data Book 2014 published detailed data on wealth holdings of households around the world.
The Credit Suisse Global Wealth Data Book 2014 published detailed data on wealth holdings of households around the world.
In a country that is often focused on the ways in which it falls short, the start of a year is a good time to remind oneself of such positives, observes T N Ninan.
Will MBA hybrid model be the focus for B-schools? Should B-schools focus on long distance programmes?
Anmol Ambani, the eldest son of industrialist Anil Ambani, has lashed out against a new round of lockdowns being imposed amid the surge in COVID-19 cases, saying such restrictions do not concern health but control and that they destroy the very backbone of the society and economy. The 29-year-old former executive director of Reliance Capital Ltd in a series of tweets lambasted the new semi-lockdown rules hurting small businesses and daily wage earners. "Professional 'actors' can continue shooting their films. Professional 'cricketers' can play their sport late into the night. Professional 'politicians' can continue their rallies with masses of people. But YOUR business or work is not ESSENTIAL. Still don't get it?" he said in a tweet.
There is a reason why Brahma is paired with the Goose. And Laxmi with the Owl.
A Bharatiya Janata Party MP on Wednesday dubbed the opposition members protesting in Rajya Sabha as 'Omicrons,' alleging they were a threat to democracy, and asked them to get the 'Modi vaccine' for protection against the new coronavirus variant.
With over 600 million people in India or 53 per cent of Indian households defecating in the open, absence of toilet or latrine is one of the important contributors to malnutrition, a World Bank report has said.
The men's and women's team won the air rifle event.
PM Modi addressed a crowded UNESCO gathering, speaking of the importance of culture.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Recently, The World Bank has come up with the latest figures on the wealthiest countries in the world.
As if wanting to be an antidote to the coronavirus pandemic, the Indian stock market adorned carnival robes in 2021 with a tsunami of liquidity unleashed by global central banks coupled with supportive domestic policies and the world's largest vaccination drive sparking off a world-beating rally on Dalal Street, despite bouts of uneasiness over fizzy valuations. While the wider economy shuttled between recovery and relapse, dictated by multiple mutations of the virus, equity market benchmarks appeared headed in just one direction -- skywards. The dizzying upward journey has added a whopping Rs 72 lakh crore during 2021 to investors' wealth, measured as the cumulative value of all listed shares in the country, taking it to nearly Rs 260 lakh crore.
Multiple World champion and Olympic bronze-medallist M C Mary Kom is among the 19 boxers selected for the senior women core group of probables for this year's Commonwealth and Asian Games.
India's negotiating posture at the multilateral negotiations should be aligned with a significantly transformed development strategy domestically.' 'The positions the country takes at the negotiations will then carry credibility, says Shyam Saran, former foreign secretary and India's chief negotiator on Climate Change 2007-2010.
After missing two self-imposed deadlines, billionaire Mukesh Ambani's Reliance Industries Ltd on Friday announced recalibration of a proposed $15 billion deal to sell 20 per cent stake in its oil refinery and petrochemical business to Saudi Aramco, saying the two firms have agreed to re-evaluate the proposed investment in light of the Indian firm's new energy forays. The stake sale talks, which were first officially revealed in August 2019, are being reset in light of Reliance making forays into new energy business in recent months by investing $10 billion in alternative energy over three years. To pivot to green energy, it has already bought a German maker of photovoltaic solar wafers and signed a deal with a Danish company to manufacture hydrogen electrolysers in India.
'It was unfair to expect him to continue to keep on supplying vaccines without being given a firm commitment or a financial grant of any sort.'
Ten billionaires including Mukesh Ambani, Sunil Mittal are in the world's richest list.
The host for the 2010 Games will be named on November 13 in Jamaica.
Foreign banks set the template in consumer banking in its infancy, but have almost vacated this booming space.
Infosys chief Vishal Sikka also said that demonetisation has shown to the world that Indians are ready to adopt new technology disruptions.
Mumbai is the only Indian city in the top 30 cities in the world for multi-millionaires.
Russell Domingo coached South Africa to the semi-finals of the Twenty20 World Cup in 2014 and the 50-overs World Cup in 2015.
'NRI interest has gone up in the past three-four years.'
A growing China is good for everybody as creation of wealth "ultimately trickles across the world", Goldman Sachs chairman and CEO Lloyd Blankfein has said.
India must remain an integral part of the global economy if it has to grow at 9-10 per cent over the next three decades, Niti Aayog CEO Amitabh Kant said on Tuesday. Speaking at the 15th India Digital Summit, Kant said India needs to become a major global exporting nation, without that it will not be possible to become richer and create wealth for its people over the next three decades.
Prime Minister Narendra Modi has made his debut among the world's most powerful people, ranked 15th on the Forbes list topped by Russian President Vladimir Putin who pipped his US counterpart Barack Obama for a second year in a row.
The haul of 64 medals at the Commonwealth Games, in July-August, which included 15 gold, should act as the ideal springboard for the Indian contingent to better its medal tally at Guangzhou, China, four years ago.
Like ants declining to question the rules of the anthill, they feel innately justified in their approach, notes Shyam G Menon.
The game plan is to pressure India and China to come back and commit to further emissions cuts by next year's UN meeting. Neither China nor India has 2030 targets anywhere near in line with a 1.5 degree centigrade pathway, and so will be on the target list of nations under pressure to return next year with more ambition, predicts Ambassador M K Bhadrakumar.
It doesn't make sense to view the womb through the prism of religion, community and tradition, warns Shyam G Menon.
Messi's love for Barcelona, who he joined when he was just 13, is deep.
'I was in China and when they learnt I had made Disco Dancer, they started singing Jimmy Jimmy, Aaja Aaja.'
'Inequality has been growing in the world. The virus has only amplified it.'
India jumps to fourth from thirteen in the list of countries having households with more than $100 mn private wealth.
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