News for 'billionaire'

Verstappen takes Red Bull's 100th win in Formula One

Verstappen takes Red Bull's 100th win in Formula One

Rediff.com19 Jun 2023

As impressive as those results have been, Red Bull team principal Christian Horner took the opportunity after the race to issue a scary warning that his team is capable of winning every grand prix this season.

Britain's unborn royal baby is a billionaire already

Britain's unborn royal baby is a billionaire already

Rediff.com14 Jul 2013

Wealth-X found that the unborn child of the Duke and Duchess of Cambridge is already a billionaire, given the fortunes of the immediate members of the British royal family, including great grandmother Queen Elizabeth II, great grandfather Princes Philip, grandfather Charles and father William.

How UK became Global Money Laundromat

How UK became Global Money Laundromat

Rediff.com12 Sep 2023

A whirlwind trip of the dark underbelly of global finance, covering everything from tax law changes to aiding criminals to decamp with money from bank accounts.

Why this young billionaire always wears simple grey T-shirts!

Why this young billionaire always wears simple grey T-shirts!

Rediff.com11 Nov 2014

Facebook CEO Mark Zuckerberg revealed that he wears the same colour to avoid wasting time.

FPO withdrawn due to market volatility, says Gautam Adani

FPO withdrawn due to market volatility, says Gautam Adani

Rediff.com2 Feb 2023

Billionaire Gautam Adani has said the decision to withdraw a fully subscribed share sale of the flagship firm of his group was primarily because of volatility in the market. Adani Group company stocks have lost over $90 billion in value since a US short seller made damning allegations. Adani Enterprises Ltd's Rs 20,000 crore follow-on public offer managed to get investors on the last day of the share close on Tuesday.

Is Biden Using Trudeau To Get Back At Modi?

Is Biden Using Trudeau To Get Back At Modi?

Rediff.com25 Sep 2023

Once the Canadian investigation runs its course, Ottawa may put on the public domain further accusations passing for "evidence" -- and that could happen at some point closer to our general election. All in all, the big question is, what is it that the US is really up to, asks Ambassador M K Bhadrakumar.

US boutique investment firm GQG buys stake in Adani Power

US boutique investment firm GQG buys stake in Adani Power

Rediff.com16 Aug 2023

US-based boutique investment firm GQG Partners along with other investors on Wednesday bought an 8.1 per cent stake in Adani Power Ltd for over Rs 9,000 crore ($1.1 billion) as the marquee investor shrugged off damning report of a US short seller to invest in billionaire Gautam Adani's group.

Modi, Biden raise a toast to 'ever-lasting friendship'

Modi, Biden raise a toast to 'ever-lasting friendship'

Rediff.com23 Jun 2023

Modi was addressing the State Dinner hosted in his honour by US President Joe Biden and First Lady Jill Biden at the North Lawn of the White House.

The billionaire's daughter who wants to impact the world

The billionaire's daughter who wants to impact the world

Rediff.com30 Mar 2016

Over Lebanese delicacies, the daughter of billionaire Kumar Mangalam Birla talks money, relationships, her passions and how she outpaced her peers.

Bailout billionaires

Bailout billionaires

Rediff.com25 Mar 2009

Bailout dollars have different effects on the fortunes of the richest people in the world.

Qatari consortium to buy Manchester United?

Qatari consortium to buy Manchester United?

Rediff.com16 Jun 2023

The sources requested anonymity because the matter is confidential. Representatives for Manchester United and Sheikh Jassim did not immediately respond to requests for comment.

Rishi Sunak, his wife Akshata rank 17th on UK's 'Asian Rich List 2022'

Rishi Sunak, his wife Akshata rank 17th on UK's 'Asian Rich List 2022'

Rediff.com24 Nov 2022

British Prime Minister Rishi Sunak and his wife Akshata Murty have made their debut on the UK's 'Asian Rich List 2022' topped by the Hinduja family. Sunak and his wife, whose father N R Narayana Murthy co-founded Indian IT major Infosys, are ranked 17th on the list, with an estimated wealth of 790 million pounds. The combined wealth of this year's list sits at 113.2 billion pounds, an increase of 13.5 billion pounds over that of last year.

Mukesh Ambani's security cover upgraded to Z+

Mukesh Ambani's security cover upgraded to Z+

Rediff.com29 Sep 2022

The government has upgraded the security cover of billionaire industrialist Mukesh Ambani to the top category of 'Z+' after a review of perceived threat perception to him by central intelligence and security agencies, official sources said on Thursday.

BJP IT Cell chief booked for tweet on Rahul; party cries abuse of power

BJP IT Cell chief booked for tweet on Rahul; party cries abuse of power

Rediff.com28 Jun 2023

The complaint was lodged by the Karnataka Pradesh Congress Committee member Ramesh Babu in connection with a tweet posted by Malviya.

Hamas War Is An Immediate Setback To India

Hamas War Is An Immediate Setback To India

Rediff.com17 Oct 2023

India is one of the few countries in the region that enjoys good relations with both Israel and Saudi Arabia, and IMEC would allow it to recreate the old Spice Route to Europe. All this is in jeopardy now, notes Rajeev Srinivasan.

Reliance net profit drops 11 pc in Q1 on weak O2C business

Reliance net profit drops 11 pc in Q1 on weak O2C business

Rediff.com21 Jul 2023

Reliance Industries Ltd on Friday reported an 11 per cent drop in its June quarter net profit largely due to weak oil-to-chemical (O2C) vertical and higher interest and depreciation cost. Net profit was Rs 16,011 crore, or Rs 23.66 per share, in April-June - the first quarter of current 2023-24 fiscal year - compared with Rs 17,955 crore, or Rs 26.54 a share, earning a year back, according to a company's stock exchange filing.

US can declare 'independence' from China with India's help: Vivek Ramaswamy

US can declare 'independence' from China with India's help: Vivek Ramaswamy

Rediff.com27 Aug 2023

He is currently on a two-day swing to the crucial State of Iowa. On January 15, Iowa would kick off the 2024 Republican presidential primary season.

Indians not only brilliant in Spelling Bee, but...: PM in Congress

Indians not only brilliant in Spelling Bee, but...: PM in Congress

Rediff.com23 Jun 2023

Prime Minister Modi's remarks on Thursday came during his address to a joint session of the US Congress. He attributed a big part of the success of India-US ties to Indian-Americans.

Neeyat Review: It's Not Boring But...

Neeyat Review: It's Not Boring But...

Rediff.com7 Jul 2023

Neeyat is not only sluggish, it also creates zero interest in the characters. It could, perhaps, be watched on OTT, where it is inevitably headed, feels Deepa Gahlot.

Why Must Mark and Musk Be So Macho?

Why Must Mark and Musk Be So Macho?

Rediff.com9 Aug 2023

Haven't they heard about the 'Tale of Two Brothers'? asks Suveen Sinha.

This man 'topi pehnau-ed' India: Mahua Moitra on Adani row

This man 'topi pehnau-ed' India: Mahua Moitra on Adani row

Rediff.com8 Feb 2023

Moitra brought two birthday caps in the House to press her argument that the businessman being most talked about had "topi-pehnau-ed" the government.

Adani Group begins $130 mn debt buyback, first since Hindenburg report

Adani Group begins $130 mn debt buyback, first since Hindenburg report

Rediff.com24 Apr 2023

Adani Ports and Special Economic Zone (APSEZ) on Monday started the first debt buyback programme since billionaire Gautam Adani's conglomerate was targeted by a US short-seller in January. APSEZ floated a tender to buy back as much as $130 million of its July 2024 bonds and similar amounts in each of the next four quarters, it said in an exchange filing, as it looks to regain investor confidence by showing that its liquidity position is comfortable. Shares of Adani group companies pummelled after Hindenburg Research in a January 24 report accused it of accounting fraud and improper use of offshore tax havens for stock manipulation.

Feline-y to purr-fection, Delhi police's cat-echism to Elon Musk breaks the net

Feline-y to purr-fection, Delhi police's cat-echism to Elon Musk breaks the net

Rediff.com2 Jun 2023

The Twitter owner on Thursday had posted: "Lil X just asked if there are police cats, since there are police dogs."

Elon Musk's own poll votes him out as Twitter boss

Elon Musk's own poll votes him out as Twitter boss

Rediff.com19 Dec 2022

Twitter users voted on Monday for Elon Musk to quit as head of the social media giant in a poll the technology tycoon ran on his future and promised to abide by its results.

Ready For Shilpa Shetty's Gangsta Film?

Ready For Shilpa Shetty's Gangsta Film?

Rediff.com24 Mar 2023

What are the stars working on?

Jaishankar tears into George Soros over Modi remarks

Jaishankar tears into George Soros over Modi remarks

Rediff.com18 Feb 2023

The 92-year-old hedge fund tycoon, who has been associated with supporting liberal causes, on Thursday sent shockwaves in the Indian political scene saying Gautam Adani and Prime Minister Narendra Modi's fates are entwined, and alleged that Modi was not a "democrat."

Twitter very slow in India: Elon Musk

Twitter very slow in India: Elon Musk

Rediff.com15 Nov 2022

Billionaire entrepreneur Elon Musk has said Twitter is "very slow" in India and many other countries. "Twitter is very slow in India, Indonesia & many other countries. "This is a fact, not a "claim". "10 to 15 secs to refresh homeline tweets is common.

Boehly-led consortium wins bid to take over Chelsea

Boehly-led consortium wins bid to take over Chelsea

Rediff.com7 May 2022

A consortium led by LA Dodgers part-owner Todd Boehly and backed by Clearlake Capital has won the bid to acquire Premier League club Chelsea in a deal worth up to 4.0 billion pounds, Britain's Telegraph newspaper reported on Friday.

Adani-Total Gas to invest Rs 20,000 cr in 8-10 yrs to expand city gas

Adani-Total Gas to invest Rs 20,000 cr in 8-10 yrs to expand city gas

Rediff.com29 Jun 2023

Adani Total Gas Ltd, the joint venture of billionaire Gautam Adani's group and French energy giant TotalEnergies, will invest Rs 18,000 crore to Rs 20,000 crore in the next 8 to 10 years to expand infrastructure for retailing CNG to automobiles and piping gas to households and industries, its CFO said. The company retails CNG to automobiles and pipes gas to household kitchens for cooking purposes in 52 licences that cover 124 districts of the country. It has 460 CNG stations in the country and about 7 lakh consumers of its piped cooking gas.

Mukesh Ambani all praise for Tata's Chandra

Mukesh Ambani all praise for Tata's Chandra

Rediff.com22 Nov 2022

Billionaire Mukesh Ambani on Tuesday showered lavish praises on Tata Group chairman N Chandrasekaran, saying he has scripted the salt-to-software conglomerate's spectacular growth in recent years. Sharing the dais with Chandrasekaran at the 10th convocation of Pandit Deendayal Energy University in Gandhinagar, Ambani said Tata Group's gigantic steps in the field of renewable energy under his leadership are inspirational.

Are Wealthy Indians Paying Less Tax?

Are Wealthy Indians Paying Less Tax?

Rediff.com25 Jan 2023

While movie stars like Akshay Kumar, Amitabh Bachchan and Salman Khan are among the top I-T payers, very few of the wealthiest Indians figure on the list.

From Ambanis to Tim Cook, Who's Who At Modi Dinner

From Ambanis to Tim Cook, Who's Who At Modi Dinner

Rediff.com23 Jun 2023

Indian billionaires Mukesh Ambani and Anand Mahindra, Apple CEO Tim Cook and corporate leader Indira Nooyi were among the guests. CEOs of Google, Microsoft and Adobe -- Sunder Pichai, Satya Nadella and Shantanu Narayen -- also attended the event.

'Jio strongest telecom brand in India'

'Jio strongest telecom brand in India'

Rediff.com13 Nov 2022

Billionaire Mukesh Ambani's Reliance Jio is India's strongest telecom brand in India, ahead of Bharti Airtel and Vodafone Idea Ltd, according to brand intelligence and data insights company TRA. TRA, formerly Trust Research Advisory, in its 'India's Most Desired Brands 2022' ranked companies according to their brand strength. Reliance Jio topped the telecom category, followed by Bharti Airtel, Vodafone Idea Ltd and BSNL.

Ambuja Cement, ACC say no shares pledged by promoter Adani group

Ambuja Cement, ACC say no shares pledged by promoter Adani group

Rediff.com2 Feb 2023

Adani group firms Ambuja Cement Ltd and ACC Ltd on Thursday said no shares of the companies have been pledged by the promoters, who have only provided a "non-disposal undertaking". In a joint statement to stock exchanges, Ambuja Cement Ltd and ACC Ltd termed as "misleading" reports of pledging of shares by the promoters as part of financing their acquisition. "Consequently, there are market rumours that amid market volatility, there is a requirement to meet the top-up triggers where in there is selling pressure," the statement said.

For Ratan Tata Is A Goodfellow!

For Ratan Tata Is A Goodfellow!

Rediff.com17 Aug 2022

Ratan Tata, chairman emeritus, Tata Sons, launched Goodfellows, India's companionship startup for senior citizens, in a bid to encourage inter-generational friendships.

Rahul seeks JPC probe into Adani family investing in own shares

Rahul seeks JPC probe into Adani family investing in own shares

Rediff.com31 Aug 2023

Billionaire Gautam Adani's group was on Thursday hit by fresh allegations of associates of the promoter family using Mauritius-based 'opaque' investment funds to secretly invest hundreds of millions of dollars to fuel the spectacular rise in group stocks during 2013 to 2018, a charge the conglomerate denied vehemently.

Cyrus Mistry's assets may be divided among wife and sons

Cyrus Mistry's assets may be divided among wife and sons

Rediff.com30 Mar 2023

The billionaire Mistry family's estate is likely to soon change hands. The assets in the name of Cyrus Mistry, who died in September last year, may soon be divided equally among his wife Rohiqa and sons Firoz and Zahan, according to sources. The reorganisation will also include the 9.2 per cent stake in Tata Sons, which is currently in Cyrus Mistry's name and held through his investment company Cyrus Investments.

Elon Musk decides not to join Twitter board: CEO Parag Agarwal

Elon Musk decides not to join Twitter board: CEO Parag Agarwal

Rediff.com11 Apr 2022

In an unexpected turn of events, Elon Musk, the world's richest man and the biggest shareholder of Twitter, has decided not to join the board of the micro-blogging platform. The decision of Musk -- who has made a raft of suggestions in recent days for Twitter, even wondering whether its headquarters should be turned into a homeless shelter -- was made public by the platform's India-origin CEO Parag Agarwal in a tweet on Sunday evening. With a 9.2 per cent stake, Musk is currently the biggest shareholder of Twitter, which had entered into an agreement with the billionaire whereby he will get a seat on the platform's board till the 2024 annual shareholders' meeting. He was to join the board on April 9.

SP Group's Pallonji Mistry passes away at 93

SP Group's Pallonji Mistry passes away at 93

Rediff.com28 Jun 2022

Shapoorji Pallonji Group's head Pallonji Mistry died at his residence here, company officials said on Tuesday. Mistry, the largest individual shareholder in the Tata Group with a 18.4 per cent holding in the conglomerate, was 93.

Indian billionaire couple to fund Prince Charles' b'day bash

Indian billionaire couple to fund Prince Charles' b'day bash

Rediff.com13 Aug 2013

An Indian billionaire couple in the United Kingdom are planning a mega birthday bash for Prince Charles when he turns 65 in November.