One hundred and forty nine new individuals joined the rich list club of 1,103 Indians across 122 cities who cumulatively accumulated a wealth of Rs 100 trillion. Bengaluru -based Kaivalya Vohra, 19, of grocery delivery application Zepto is the youngest self-made and the youngest rich individual, according to IIFL Wealth Hurun India Rich List 2022. The report found 1,103 Indians with a networth of Rs 1,000 crore each - an increase of 62 per cent over five years. There are 221 billionaires (Rs 100 crore networth) in India on the 2022 list - down 16 compared with last year, while 13 people born in the 1990s made it to the list, all self-made.
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New York Stock Exchange President 38-year-old Tom Farley (ranked 7) and Twitter co-founder and CEO 37-year-old Jack Dorsey.
'All of us have a duty to contribute to society. 'The practice of moral leadership will help us in this; it will also help us in business. 'We need to work together to develop the India that we have envisioned in our Constitution - an idea that is equitable, humane and sustainable.'
Byju's is planning to raise $500-600 million from Abu Dhabi's sovereign wealth funds and existing investors, according to sources, as the start-up world is facing a funding freeze. The educational technology (edtech) giant targets profitability by March next year. "There is no change in Byju's valuation. The new fundraising process is still going on," said a person familiar with the matter. "Any new valuation would be determined in the futureByju's is planning to raise $500-600 million from Abu Dhabi's sovereign wealth funds and existing investors, according to sources, as the start-up world is facing a funding freeze. The educational technology (edtech) giant targets profitability by March next year. "There is no change in Byju's valuation. The new fundraising process is still going on," said a person familiar with the matter. "Any new valuation would be determined in the future as it is very tough for investors to do that in this environment." as it is very tough for investors to do that in this environment."
Couples -- young and old -- celebrated Valentine's Day on Tuesday with flowers and gifts even as a few right-wing outfits played spoilsport in some parts of the country.
Chanda Kochhar is among the three Indians in Time's Most Influential list.
'We have not hijacked the party, the NCP and the Congress have hijacked it'
Indian industry's doyen Jamsetji Tata has emerged as the biggest philanthropist globally in the last century by donating $102 billion, as per a list of top-50 givers prepared by Hurun Report and EdelGive Foundation.' Tata, the founder of what has now become a group spanning interests from salt to software, is ahead of others like Bill Gates and his now estranged wife Melinda who have donated $74.6 billion, Warren Buffet ($37.4 billion), George Soros ($34.8 billion) and John D Rockefeller ($26.8 billion), the list showed.
"Vivan Sundaram passed away this morning at 9.20 am. Further details of the cremation as decided will be communicated to you shortly," read a note issued by Safdar Hashmi Memorial Trust (SAHMAT), of which Sundaram was a founding trustee.
Maharashtra Chief Minister Eknath Shinde and his predecessor Uddhav Thackeray on Wednesday bitterly traded charges and used caustic terms like "traitors" and "betrayer" as rival Shiv Sena groups headed by them held Dussehra rallies in Mumbai in what was a parallel show of strength by the rivals after the change of government three months ago.
News, as a business, faces its biggest crisis ever, globally. To fight it needs investment in feet-on-the-ground journalism, tech tools like artificial intelligence among other things.
A record-breaking year for the world's billionaires.
A tribunal of the Delhi high court has confirmed the extension of a five-year ban imposed on Islamic Research Foundation, set up by fugitive Zakir Naik who is accused of inspiring Muslim youths in India and abroad to commit terror acts.
The BJP seems wanting to return to a 'Tamil Hindutva' agenda for elections in Tamil Nadu, explains N Sathiya Moorthy.
The Election Commission on Friday recognised the Eknath Shinde-led faction as the real Shiv Sena and ordered allocation of the "bow and arrow" poll symbol to it.
Six states out of 22 major states and Union Territories (UTs) generated fewer formal jobs for the youth in the September quarter than they did in the corresponding quarter a year ago, a Business Standard analysis of the data released by the Employees Provident Fund Organisation (EPFO) shows. States like Punjab (-12.4 per cent), Himachal Pradesh (-10.3 per cent), Jharkhand (- 7.2 per cent), Assam (-3.7 per cent), Gujarat (-3.4 per cent) and Rajasthan (-.1.1 per cent) saw further decline in the number of net new subscribers in the second quarter (Q2) of FY23 compared to the last year. The analysis did not include northeastern states, except for Assam. This is crucial as the subscribers in the 18-28 age group are seen as first-timers in the labour market, thus reflecting the robustness of the job market.
Billionaire philanthropist George Soros 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 countered by BJP as an attack on Indian democracy.
It is not the first time the history of the Godrej family is being written. In its centenary year in 1997, film journalist and former editor of Filmfare and Screen B K Karanjia had, at the behest of the industrial family, penned a voluminous two-part history, tracing their trials and tribulations since 1897. So, what made the family want to tell its story again 25 years later? And not through another book, but through a completely different medium?
Unless Punjab has a chief minister who is able to look beyond community/vote bank politics, carry all sections of society, stop appeasing while addressing genuine concerns and break the stranglehold of the SGPC over Sikh affairs, my beloved home state is bound to die and conversions will be rampant, warns Sanjeev Nayaar.
'It is easier to make friends with strangers as they are non-judgmental.'
At 13, Anoushka Jolly has received funding for her app Kavach through which students like her can report incidents of bullying and harassment anonymously
Tesla Inc chief Elon Musk is set to acquire micro-blogging site Twitter for about $44 billion. Back home, India Inc, too, is seeing aggressive merger and acquisition (M&A) activity with PVR-Inox and HDFC-HDFC Bank announcing their mergers recently. While Axis Bank recently acquired Citi India's India retail business, reports suggest Larsen & Toubro Infotech (LTI) and Mindtree could be eyeing a merger.
'It was beautifully played by an American band.'
Sundararaman Ramamurthy has been an interesting choice for the publicly-listed BSE, which has seen its chief move to bigger rival -- the National Stock Exchange (NSE) -- in July. Having spent nearly two decades at the country's largest bourse, Ramamurthy is among the early architects of NSE and understands all the cogs of the exchange wheel like only a few others in the country. Just like NSE's core team, which includes its founder RH Patil, the 59-year-old Ramamurthy has worked at the Industrial Development Bank of India (IDBI) before moving to NSE in 1995.
The Union Home Ministry said that the IRF has been indulging in activities which are prejudicial to the security of the country and have the potential of disturbing peace and communal harmony and disrupting the secular fabric of the country.
In a notification, the Union home ministry said that Hafiz Talha Saeed, 46, has been actively involved in recruitment, fund collection, and planning and executing attacks by the Lashkar-e-Tayiba in India and Indian interests in Afghanistan.
Member-States must ensure that measures taken to counter terrorism comply with their obligations under international law, a spokesperson for the UN secretary general has said, asserting that the global body had "no information" about the whereabouts of Al Qaeda chief Ayman al-Zawahiri killed by a US drone strike in Kabul.
'Consumers are willing to increase travel spends by 20-30 per cent versus pre-pandemic.'
Shrikant Shinde made light of threats from some segments of the Sena that rebel MLAs would not be allowed to roam around freely in Maharashtra.
The Independence Day parade in Highland Park, Illinois, a northern suburb of Chicago, erupted in panic when shots were fired about 10 minutes after the parade kicked off, according to media reports. As per US media, an active shooter has been spotted in Highland Park.
An excerpt from Conde Nast India's Make In India magazine.
A group of 72 former civil servants has sought Attorney General K K Venugopal's intervention to advise the government to check the witch-hunt of people exercising their right to free speech by the police.
After years of being sequestered by the pandemic, some intrepid travellers are planning to settle their score with the novel coronavirus. With fewer or no travel curbs, they are eager to get back on the road, again. Hotels and tour operators, too, are eager to shed excess Covid baggage. And this year's Diwali promises to add that extra layer sparkle with the introduction of new flights.
Defending the liquor ban in Bihar, he said that the state's prohibition policy has benefitted several people and a large number of people have given up drinking alcohol due to his measures.
SoftBank will pay 17 pounds in cash for each ARM share.
Al Qaeda's reclusive chief Ayman al-Zawahiri, who played a central role in the 9/11 terror attacks and later created the group's regional affiliate in the Indian subcontinent, was killed in a US drone strike in Afghanistan's Kabul, in the biggest blow to the global terror network since killing of its founder Osama bin Laden in 2011 in Pakistan.
The Zee saga will see a long-drawn-out court battle before shareholders get any chance to vote on any proposal by the management or Invesco, says Prosenjit Datta.
What do we need more of: Leaders who dominate global institutions or local leaders with a 'Make-in- India' mindset?
8 out of 10 people were in favour of compulsory vaccination before a date.
Why did the district magistrate take over an hour to order retaliatory firing on the murderous SBVS mob?
