News for 'billionaire'

Billionaires who did not complete college

Billionaires who did not complete college

Rediff.com1 Jun 2012

There are some who did not complete college, but went on to become successful businessmen.

How many billionaires understand art?

How many billionaires understand art?

Rediff.com22 Feb 2016

The West has built a culture of art philanthropy.

Hedge fund billionaire Rajaratnam indicted

Hedge fund billionaire Rajaratnam indicted

Rediff.com16 Dec 2009

Sri lankan-born Rajaratnam along with his co-conspirator Danielle Chiesi was indicted on Tuesday on charges of using non-public information from company executives to earn around $21 million in illegal profits, according to the 37-page indictment.

Who wants to marry a billionaire?

Who wants to marry a billionaire?

Rediff.com15 Mar 2005

The list of the ten most eligible people in the world is culled from the Forbes ranking of the world's richest people. All these singles are billionaires, and most of them are under 40. Try searching for that on Match.com.

Ambani pips Adani to become richest Indian on Hurun list

Ambani pips Adani to become richest Indian on Hurun list

Rediff.com10 Oct 2023

Mukesh Ambani has raced ahead of Gautam Adani to become the richest Indian on a list of wealthiest people in the country. The 66-year-old chairman of the diversified Reliance Industries saw his wealth growing by a marginal 2 per cent to Rs 8.08 lakh crore, while Adani's fortune plummeted by 57 per cent to Rs 4.74 lakh crore, as per the 360 ONE Wealth Hurun India Rich List 2023. Anas Rahman Junaid, managing director and chief researcher at Hurun, attributed the decline in Adani's wealth to the Hindenburg report published in January. In January,

Billionaire Rakesh Jhunjhunwala's advice to youngsters

Billionaire Rakesh Jhunjhunwala's advice to youngsters

Rediff.com18 Dec 2012

The story of how a middle-class IT officer's son came to be featured on the Forbes' list of billionaires is as amazing as the man himself. At EVOKE 2012, an idea-sharing event organised by the US Consulate in Mumbai earlier this month, Indian investor Rakesh Jhunjhunwala explained why he believes that India is a rich country, what money means to him and why he's not burdened with guilt about the country's poverty.

Who Will Take Over The Godrej Empires?

Who Will Take Over The Godrej Empires?

Rediff.com6 May 2024

Pirojsha Godrej, 43, patriarch Adi Godrej's son, is set to take over as chairman of the Godrej Industries Group from 2026 whol Nyrika Holkar, Smita Godrej Crishna's 42-year-old daughter, has emerged as the face of the Godrej Enterprises Group.

Are you born to be a billionaire?

Are you born to be a billionaire?

Rediff.com7 Apr 2009

Want to become a billionaire? Up your chances by dropping out of college, working at Goldman Sachs or joining Skull & Bones.

9 Indians in Forbes billionaires list

9 Indians in Forbes billionaires list

Rediff.com27 Feb 2004

The richest Asian is Prince Alwaleed Bin Talal Alsaud ($21.5bn) of Saudi Arabia while Aziz Premji heads the Indians on the list.

Electoral bonds: Congress flags mismatch in donor, recipient files

Electoral bonds: Congress flags mismatch in donor, recipient files

Rediff.com15 Mar 2024

It also asked why the data shared pertained to a period from April 2019 even though the scheme for anonymous political funding was introduced in 2017.

RIL's 'Paramount' dream to be a media giant

RIL's 'Paramount' dream to be a media giant

Rediff.com14 Mar 2024

Paramount Global has agreed to sell its 13 per cent stake in its Indian TV business to Reliance Industries for Rs 4,286 crore, the Indian firm said on Thursday. In a stock exchange filing, Reliance said it has signed a binding agreement with two subsidiaries of Paramount Global to acquire 13.01 per cent equity stake of Viacom 18 Media Private Limited held by Paramount Global. Similarly, in a filing on the US Securities and Exchange Commission (SEC), Paramount Global said the closing of the transaction is subject to the satisfaction of certain customary conditions, including receipt of applicable regulatory approvals, as well as the completion of a previously announced joint venture involving Reliance, Viacom18 and Star Disney.

Adani Lost Rs 3,000 Crore A Week In 2023

Adani Lost Rs 3,000 Crore A Week In 2023

Rediff.com31 Mar 2023

The combined market-cap of all listed Adani group firms has plunged nearly Rs 7.11 trillion since January 24 when the Hindenburg report was made public.

Mumbai: World's 7th largest billionaire city

Mumbai: World's 7th largest billionaire city

Rediff.com6 May 2008

Mumbai is the world's seventh largest city in terms of billionaire population, according to Forbes magazine. Mumbai is ranked seventh ahead of San Francisco, Dallas and Tokyo, according to a list of top 10 cities for billionaires available on the website of Forbes. In terms of average wealth of resident billionaires, Mumbai comes on top of all the 10 cities with an average net worth of $7.6 billion. Russian capital city Moscow is number one in terms of billionaire population.

India to have 4th highest number of billionaires by 2023

India to have 4th highest number of billionaires by 2023

Rediff.com6 Mar 2014

India is projected to be home to the fourth highest number of billionaires in the world by 2023.

Want To Gift Investment?

Want To Gift Investment?

Rediff.com8 Apr 2024

If the gift is received from a relative, there is no tax implication. But if the gift is received from a non-relative and exceeds Rs 50,000 in value during a financial year, the entire value of the gift is taxable.

Electoral bonds: Sibal seeks SIT probe into 'quid pro quo'

Electoral bonds: Sibal seeks SIT probe into 'quid pro quo'

Rediff.com15 Mar 2024

Rajya Sabha MP Kapil Sibal on Friday described the electoral bonds scheme as a 'very big scam' and demanded that a special investigation team (SIT) be set up with court-appointed officials to probe the alleged quid pro quo and wrongdoings under it.

Adi Godrej: The patient billionaire

Adi Godrej: The patient billionaire

Rediff.com17 Nov 2008

Sixty-five years after his grandfather bought 3,500 acres in Mumbai, Adi Godrej is finally ready to develop it.

Adani eyes 45 GW renewable energy capacity by 2030

Adani eyes 45 GW renewable energy capacity by 2030

Rediff.com26 Mar 2024

Billionaire Gautam Adani's group is building the world's largest renewable energy park in Gujarat, as it eyes a massive 45 GW capacity to generate electricity largely from solar energy. Speaking at the opening of 'Energy Revolution: The Adani Green Energy Gallery' at the Science Museum in London, Gautam Adani said his group's renewable energy arm, Adani Green Energy, is leading an energy transition that honours the commitment of taking care of the planet not just for this generation and the next but also for generations to come. "As the world's leading solar power developer and India's largest renewable energy company, we are taking very big steps," he said.

'Not Temple Inauguration. It's Modi Event'

'Not Temple Inauguration. It's Modi Event'

Rediff.com21 Jan 2024

North India is convulsed with spiritual excitement over the pran pratishta at the Ram temple. But what do folks in Tamil Nadu think about the events in Ayodhya?

Adani shrugs off Hindenburg effect, back to rapid expansion spree

Adani shrugs off Hindenburg effect, back to rapid expansion spree

Rediff.com31 Mar 2024

Adani group opened a $1.2 billion copper plant, bought a port in Odisha, raised stakes in a cement company and stitched an alliance with rival Mukesh Ambani's Reliance Industries, all in a matter of one week in signs that the apples-to-airport conglomerate has shrugged off the Hindenburg effect and is back to rapid expansion spree. In the last one week, Adani group has through regulatory filings and press statements announced expansions and investments in its mainstay ports business, diversification into metal refining, fund infusion into a two-year-old cement foray and continuing progress in the commissioning of its mega solar project.

INDIA's PM face will be ....: Rahul Gandhi puts speculation to rest

INDIA's PM face will be ....: Rahul Gandhi puts speculation to rest

Rediff.com5 Apr 2024

Speaking at the Congress manifesto launch programme, Gandhi said it is a much closer contest than what is propagated by the media, and expressed confidence in winning the polls.

Indian billionaires are close-fisted on charity

Indian billionaires are close-fisted on charity

Rediff.com19 Mar 2007

Most of Indian billionaires are shy of talking about the money they spend on charity.

Consecration at 12.20 pm on Jan 22, no darshan on 20-21

Consecration at 12.20 pm on Jan 22, no darshan on 20-21

Rediff.com16 Jan 2024

General secretary of Shri Ram Janmabhoomi Teerth Kshetra Champat Rai on Monday announced that the idol of Lord Ram will be placed at its position at the 'garbh griha' of the temple on January 18 and Pran Pratishtha will take place at 12.20 pm on January 22.

Gautam Adani's wealth up relative to India's GDP

Gautam Adani's wealth up relative to India's GDP

Rediff.com27 Oct 2022

Amid increasing volatility and recession fears looming over global markets that has led to the decline in wealth of a number of billionaires, Gautam Adani was the only one to buck the trend. The billionaire added $43.3 billion in net worth between Diwali 2021 (November 4) and this year's Diwali (October 24) according to Bloomberg data. He added more wealth than the gross domestic product (GDP)of more than a dozen Indian states.

Adani to bid for duty-free shops at Macau airport

Adani to bid for duty-free shops at Macau airport

Rediff.com21 Nov 2023

The Adani group plans to bid for setting up duty-free shops at the Macau international airport, as India's largest airport operator spreads its wings overseas. In a stock exchange filing, Adani Enterprises, the flagship firm of the conglomerate run by billionaire Gautam Adani, said it has completed the incorporation of a wholly-owned subsidiary, MTRPL Macau Ltd, in Macau on November 20. The subsidiary has been incorporated for the purpose of getting into the duty-free industry.

Billionaire sorry for saying women traders inferior

Billionaire sorry for saying women traders inferior

Rediff.com25 May 2013

Having children can turn a woman's attention away from macro trading, claims billionaire investor Paul Tudor Jones.

Billionaire wealth: Top 5 winners and losers

Billionaire wealth: Top 5 winners and losers

Rediff.com24 Aug 2012

Take a look at the 5 biggest winners and losers on a real-time basis.

Rahul thanks BJP for 'confirming' that Modi is not OBC by birth

Rahul thanks BJP for 'confirming' that Modi is not OBC by birth

Rediff.com9 Feb 2024

Union ministers Prahlad Joshi and Dharmendra Pradhan alleged that Gandhi has been spreading lies on this issue.

Billionaire sets world record with $201-million life insurance

Billionaire sets world record with $201-million life insurance

Rediff.com18 Mar 2014

The policy features a combined death benefit to be paid upon the death of the single insured that more than doubles the previous record, Guinness said in a statement.

As wealth inequality grows, is it time for an Indian inheritance tax?

As wealth inequality grows, is it time for an Indian inheritance tax?

Rediff.com27 Jan 2023

Billionaire Bill Gates, in a 2019 interview, supported bringing back a regulation in the US to require the super-rich to pay a 55 per cent tax when they inherit their family fortune. Proponents of an inheritance or estate tax say it reduces inequality and creates a meritocratic society by chipping away at the enormous advantages the children of the wealthiest families enjoy by an accident of birth. Many large economies levy such a tax on their richest citizens; India does not.

The billionaire, Bollywood and the future of Indian soccer

The billionaire, Bollywood and the future of Indian soccer

Rediff.com2 Jul 2020

Ambani's holding group launched the Indian Super League, an elite competition of newly created teams, in 2014 with the aim of attracting investment and big global names, much like the Indian Premier League has in cricket. 'It was 100% a wasted opportunity'.

Biyani, Hong Kong billionaire to form JV

Biyani, Hong Kong billionaire to form JV

Rediff.com11 Mar 2013

To operate large wholesale markets and imports.

A tour of Australian billionaire's AMAZING Titanic

A tour of Australian billionaire's AMAZING Titanic

Rediff.com5 Mar 2013

Clive Palmer, an Australian billionaire, plans to reconstruct the Titanic.

Abu Dhabi's IHC exits two Adani firms

Abu Dhabi's IHC exits two Adani firms

Rediff.com28 Sep 2023

Abu Dhabi's International Holding Company, one of the first high-profile investors in billionaire Gautam Adani's conglomerate, has decided to sell its stake in two Adani companies. In a disclosure, IHC said it has "entered into a definitive agreement with a buyer to dispose of its FDI investment in Adani Green Energy Ltd and Adani Transmission Ltd". It, however, did not name the buyer.

India's billionaires have never had it so good

India's billionaires have never had it so good

Rediff.com9 Nov 2005

Wipro Chairman Azim Premji remains India's wealthiest billionaire. Premji has added Rs 9,346 crore to his wealth this year, taking his net worth to Rs 41,888 crore.

Why billionaires get involved in frauds

Why billionaires get involved in frauds

Rediff.com15 Dec 2009

It's hard to fathom why billionaires like Rajaratnam stake their reputation for tiny additions to their wealth.

Fit to lead: India's super-toned billionaires

Fit to lead: India's super-toned billionaires

Rediff.com4 Mar 2013

Running a multi-billion dollar business is no mean task. It calls for immense energy. We list five super-toned billionaires who know that to stay wealthy, they need to be both wise and healthy.

US billionaire makes India call

US billionaire makes India call

Rediff.com23 Jun 2006

Why's Mukesh Ambani Betting Big On Media

Why's Mukesh Ambani Betting Big On Media

Rediff.com28 Mar 2024

Could it be about clout? Given its size and influence, RIL doesn't need the media for that, notes Vanita Kohli-Khandekhar.