News for 'billionaire'

'Haven't had sex in ages': Elon Musk denies affair with Google co-founder's wife

'Haven't had sex in ages': Elon Musk denies affair with Google co-founder's wife

Rediff.com26 Jul 2022

Replying to a link to the story posted on Twitter, Musk described the report as "total bs". "This is total bs. Sergey and I are friends and were at a party together last night," Musk tweeted. Musk said he has seen Brin's wife twice in three years, both times in the presence of other people, and there was "nothing romantic" between the pair.

Bill Gates lauds Digital India initiatives

Bill Gates lauds Digital India initiatives

Rediff.com1 Mar 2023

India's sprawling digital public infrastructure received a glowing endorsement from billionaire philanthropist Bill Gates on Wednesday as he praised the country's "great" digital network, reliable and low-cost connectivity, and said this will be the cheapest 5G market. Under the G20 presidency of India, a session on 'Building resilient and inclusive economies- the Promise of Digital Public Infrastructure' was held on Wednesday in New Delhi, where the Microsoft co-founder spoke of India's digital identity Aadhaar, its payment infrastructure, and rapid strides that the country has taken in bringing more people into formal banking system. "India in particular, by laying the groundwork for digital public infrastucture starting with identity system, allows people to build on top of that.

If government wishes...: Kangana on entry in politics

If government wishes...: Kangana on entry in politics

Rediff.com29 Oct 2022

Earlier this month, Kangana had said that she has no plans to enter into politics professionally as she remains focused on her film career.

Modi 2.0: Setbacks And Failures

Modi 2.0: Setbacks And Failures

Rediff.com30 Mar 2023

Overall, the record of the second term reveals a contradiction between the image and the reality. The image, especially on media and social media, is one of the man at the height of his power, and unstoppable. The reality on governance is someone who has found it difficult to get things implemented and unsure of what to do next, points out Aakar Patel.

Adani speaks: Interest of my investors is paramount

Adani speaks: Interest of my investors is paramount

Rediff.com2 Feb 2023

Embattled billionaire Gautam Adani on Thursday spoke publicly for the first time since his ports-to-energy conglomerate publicly battled a short seller's accusation of stock manipulation and accounting fraud, saying the abrupt move to withdraw a fully-subscribed share sale at his flagship firm was due to market volatility. His group continued to lose on the stock market, with the cumulative rout now nearing $108 billion in a week -- one of the biggest wipeouts in India's history. "After a fully subscribed follow-on public offering (of Adani Enterprises Ltd), yesterday's decision of its withdrawal would have surprised many.

Venugopal Dhoot: From an industry leader to a defaulter

Venugopal Dhoot: From an industry leader to a defaulter

Rediff.com26 Dec 2022

Starting with a family, which had a dealership of Bajaj Auto's scooters, to becoming the owner of a household name in consumer appliances who could afford to have Bollywood superstar Shah Rukh Khan as the brand ambassador, Venugopal Dhoot's is a story of an aggressive small town businessman's pursuit to be on the top. Now arrested in connection with the ICICI Bank loan fraud case, Venugopal Dhoot during his heydays was not the one to simply sit on small achievements like Videocon becoming the largest television set manufacturer in India.

Adani plans $70 bn investment in green energy; to build 3 giga factories

Adani plans $70 bn investment in green energy; to build 3 giga factories

Rediff.com7 Sep 2022

Asia's richest man Gautam Adani on Wednesday said his ports-to-power conglomerate will build three giga factories for manufacturing solar modules, wind turbines, and hydrogen electrolyzers as part of a $70 billion investment in clean energy by 2030. Adani group is stepping up investments across the green energy value chain as it aims to become the world's top renewable energy producer by 2030. "The Adani Group has already committed $70 billion (for climate change and green energy).

A Chor-Police Potboiler

A Chor-Police Potboiler

Rediff.com7 Mar 2023

The Hyderabad Heist is a blow-by-blow account of an audacious theft committed in 2018, and a recounting of how the Hyderabad Police combined technology and human intelligence to crack the case.

Bernie Madoff's billionaire victims

Bernie Madoff's billionaire victims

Rediff.com18 Mar 2009

The disgraced money manager's victims include a who's who of wealth and celebrity.

RIL becomes first Indian firm to hit Rs 19 lakh cr m-cap

RIL becomes first Indian firm to hit Rs 19 lakh cr m-cap

Rediff.com27 Apr 2022

Reliance Industries Limited on Wednesday became the first Indian company to hit the Rs 19 lakh crore market valuation mark following a rally in its share price. The market heavyweight stock jumped 1.85 per cent to its record high of Rs 2,827.10 on the BSE. Following the gain in the share price, the company's market valuation jumped to Rs 19,12,814 crore in morning trade on the BSE.

5G spectrum auction underway; 4 cos in fray for airwaves worth Rs 4.3 lakh cr

5G spectrum auction underway; 4 cos in fray for airwaves worth Rs 4.3 lakh cr

Rediff.com26 Jul 2022

India's first auction of 5G spectrum, that powers ultra-high data speeds, is currently underway with a total of 72 GHz (gigahertz) of radiowaves worth at least Rs 4.3 lakh crore up for bidding. Billionaire Mukesh Ambani's Reliance Jio, Sunil Mittal-led Bharti Airtel, Vodafone Idea and a unit of billionaire Gautam Adani's flagship Adani Enterprises are in the race to bid for 5G spectrum, that offers speeds about 10 times faster than 4G, lag-free connectivity, and can enable billions of connected devices to share data in real-time. In addition to powering ultra-low latency connections, which allow downloading full-length high-quality video or movie to a mobile device in a matter of seconds (even in crowded areas), Fifth Generation or 5G would enable solutions such as e-health, connected vehicles, more-immersive augmented reality and metaverse experiences, life-saving use cases, and advanced mobile cloud gaming among others.

Who is George Soros? The man who criticised Narendra Modi

Who is George Soros? The man who criticised Narendra Modi

Rediff.com17 Feb 2023

George Soros, who is in the eye of the storm over his remarks against Prime Minister Narendra Modi on the Adani issue, is an Hungarian-born American financier, philanthropist, and activist whose success as an investor made him one of the wealthiest men in the world. He is also known as a powerful and influential supporter of liberal social causes. In a speech at the Munich Security Conference on Thursday, the billionaire philanthropist said he 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 contested by the BJP as an attack on Indian democracy.

Adani reveals plans for NDTV: Want global news brand, invite Prannoy Roy to stay on

Adani reveals plans for NDTV: Want global news brand, invite Prannoy Roy to stay on

Rediff.com26 Nov 2022

"Independence means if government has done something wrong, you say it's wrong. But at the same time, you should have courage when the government is doing the right thing every day. You have to also say that," he Gautam Adani was quoted as saying by FT.

Dynasties of the billionaires

Dynasties of the billionaires

Rediff.com4 Nov 2008

Want to get rich quick? Have a fabulously wealthy family.

The Farce Called Market Forecasts

The Farce Called Market Forecasts

Rediff.com14 Feb 2023

Conventional wisdom is that when the US sneezes, emerging markets like India catch a cold. And yet the Indian stock market went up last year, points out Debashish Basu.

Economy to grow 13-fold to $40 trillion by 2047: Mukesh Ambani

Economy to grow 13-fold to $40 trillion by 2047: Mukesh Ambani

Rediff.com22 Nov 2022

India is likely to become a $40 trillion economy by 2047 -- a 13-fold jump from its current size -- driven primarily by a clean energy revolution and digitalisation, billionaire Mukesh Ambani said on Tuesday. Ambani's estimate for the Indian economy, currently the fifth largest in the world behind only the US, China, Japan and Germany, is more optimistic than Asia's richest man Gautam Adani, who last week stated that India will become a $30 trillion economy by 2050 on back of rising consumption and socio-economic reforms. "From a 3 trillion-dollar economy, India will grow to become a 40 trillion-dollar economy by 2047, ranking among the top three economies of the world," Ambani said at the 10th convocation of Pandit Deendayal Energy University in Gandhinagar.

Tesla CEO Elon Musk makes $41.39 bn offer to buy all of Twitter

Tesla CEO Elon Musk makes $41.39 bn offer to buy all of Twitter

Rediff.com14 Apr 2022

Billionaire and Tesla CEO Elon Musk on Thursday offered a "best and final" bid to purchase 100 per cent of microblogging site Twitter for USD 41.39 billion with $54.20 per share in cash.

Billionaires eye Beijing gold

Billionaires eye Beijing gold

Rediff.com6 Aug 2008

The billionaires who stand to make the most from the Olympics.

Amazon's plea against CCI order junked; told to pay Rs 200 cr penalty in 45 days

Amazon's plea against CCI order junked; told to pay Rs 200 cr penalty in 45 days

Rediff.com13 Jun 2022

The National Company Law Appellate Tribunal (NCLAT) on Monday rejected Amazon's plea challenging the decision of fair trade regulator CCI to suspend the approval for the e-commerce major's deal with Future Coupons. A two-member bench comprising Justice M Venugopal and Ashok Kumar Mishra, upheld the findings of the Competition Commission of India (CCI) and directed it to pay the penalty of Rs 200 crore imposed on Amazon by the fair trade regulator within 45 days from Monday. "This appellate tribunal is in complete agreement" with the CCI, the two-member bench said.

Theranos founder Elizabeth Holmes given 11-year jail for duping investors

Theranos founder Elizabeth Holmes given 11-year jail for duping investors

Rediff.com19 Nov 2022

She was found guilty in January of duping investors and lying about the technology after a three-month trial.

As British MP Rishi Sunak took oath on Bhagavad Gita

As British MP Rishi Sunak took oath on Bhagavad Gita

Rediff.com24 Oct 2022

Here are some facts about Rishi Sunak and his India connections.

Chelsea sack Tuchel after Champions League defeat to Zagreb

Chelsea sack Tuchel after Champions League defeat to Zagreb

Rediff.com7 Sep 2022

Chelsea confirmed on its website that they had parted company with the German coach

'Adani Group is a man-made disaster in the making'

'Adani Group is a man-made disaster in the making'

Rediff.com27 Jan 2023

In 1937, a hydrogen-powered German airship flying into New Jersey caught fire and crashed, killing 35 passengers on board. It was sort of a man-made disaster as some 100 people were loaded on to a balloon filled with the most flammable material in the universe. The airship was named Hindenburg. Eight decades later, in 2017, a graduate of international business management from the University of Connecticut founded a "forensic financial research" firm to specialise in spotting wrongdoings and frauds, or what it calls man-made disasters, at companies around the globe and take market bets against them.

Russo-Ukrainian war: Chelsea owner Abramovich to negotiate for peace

Russo-Ukrainian war: Chelsea owner Abramovich to negotiate for peace

Rediff.com28 Feb 2022

Abramovich, who is Jewish and has Israeli citizenship, was one of the most powerful businessmen who earned fabulous fortunes after the 1991 break-up of the Soviet Union. Forbes has put his net worth at $13.3 billion.

Adani earned over Rs 1,000 crore daily this year

Adani earned over Rs 1,000 crore daily this year

Rediff.com30 Sep 2021

India produced 179 more super-rich people this year led by Adani Group's Gautam Adani who amassed a whopping wealth of Rs 365,700 crore or more than Rs 1,000 crore daily, and the number of such individuals has crossed the 1,000-mark. Geographically, five more cities are home to super-rich taking the total number of super-rich cities to 119 and these 1,007 individuals cumulatively added 51 per cent more wealth in 2021. The average wealth increased by 25 per cent this year that also saw the livelihoods of thousands of people being hit by the coronavirus pandemic.

Reliance to acquire Metro AG's India business for Rs 2,850 crore

Reliance to acquire Metro AG's India business for Rs 2,850 crore

Rediff.com22 Dec 2022

Reliance Industries Ltd will acquire German firm Metro AG's wholesale operations in India for Rs 2,850 crore as the conglomerate run by billionaire Mukesh Ambani seeks to strengthen its dominant position in India's mammoth retail sector. "Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Ltd, signed definitive agreements to acquire a 100 per cent equity stake in Metro Cash & Carry India for a total cash consideration of Rs 2,850 crore, subject to closing adjustments," said a joint statement. Through this acquisition, Reliance Retail will get access to a network of Metro India stores located in prime locations across key cities, along with a large base of registered kiranas and other institutional customers, and a strong supplier network.

'What kind of jobs are you talking about?'

'What kind of jobs are you talking about?'

Rediff.com31 Mar 2022

'On the road, you see only youth in Swiggy, Big Basket and Zomato uniforms.' 'Just now, I had a delivery from Amazon, and do you know what his qualification was? He was an engineering graduate!' 'The Ola driver who took me to the airport had an MCom degree. 'Where is the match between education and employment?'

Hindu groups see red over namaaz inside Lucknow's Lulu Mall

Hindu groups see red over namaaz inside Lucknow's Lulu Mall

Rediff.com14 Jul 2022

A controversy broke out after a video purportedly showing a group of people offering namaaz in Lulu Mall in Lucknow surfaced on social media, leading to a protest by a right-wing Hindu group that also filed a police complaint.

Seven billionaires, courtesy Esops

Seven billionaires, courtesy Esops

Rediff.com19 Sep 2007

Four L&T executives, 2 from RIL and 1 from Tech Mahindra own over Rs 100 crore (Rs 1 billion) each in stock options.

With open offer to buy 26% stake, Adanis seek to become majority shareholder in NDTV

With open offer to buy 26% stake, Adanis seek to become majority shareholder in NDTV

Rediff.com24 Aug 2022

Three firms, Vishvapradhan Commercial Pvt Ltd along with AMG Media Networks and Adani Enterprises Ltd, have offered a price of Rs 294 for the acquisition of up to 1,67,62,530 fully paid-up equity shares of NDTV having a face value of Rs 4 from the public shareholders.

Ambani sets goals for children; cites Messi to explain leadership

Ambani sets goals for children; cites Messi to explain leadership

Rediff.com29 Dec 2022

Billionaire Mukesh Ambani has set targets for his three kids whom he has identified for takeover of telecom, retail and new energy business. Speaking at his father Dhirubhai's anniversary, celebrated as Reliance Family Day, he said the oil-to-telecom-to-retail conglomerate Reliance industries Ltd has embarked on a journey of comprehensive self-transformation. "The end of 2022 is when Reliance will have crossed the half-way mark of its Golden Decade.

Govt may take fresh look at BPCL privatisation

Govt may take fresh look at BPCL privatisation

Rediff.com21 Apr 2022

The government may take a fresh look at BPCL privatisation, including revising the terms of sale, an official said. "We need to go back to the drawing board on BPCL. "There are issues in terms of consortium formation, geopolitical situation and energy transition aspects," an official said. The government is selling its entire 52.98 per cent stake in BPCL for which three expressions of interest (EoIs), including one from billionaire Anil Agarwal-led Vedanta Group, have been received.

Adani stock crash rocks Parliament for second day

Adani stock crash rocks Parliament for second day

Rediff.com3 Feb 2023

Proceedings in both Lok Sabha and Rajya Sabha were disrupted as Opposition members raised slogans demanding a discussion and a Joint Parliamentary Committee (JPC) probe into the fraud-allegation-triggered rout.

Lankan official who alleged Modi pushed Adani deal quits after retracting

Lankan official who alleged Modi pushed Adani deal quits after retracting

Rediff.com13 Jun 2022

A top Sri Lankan official, who claimed before a parliamentary panel that Prime Minister Narendra Modi allegedly influenced President Gotabaya Rajapaksa to award a wind power project to the Adani Group in this island nation, resigned on Monday, a day after retracting his earlier statement.

Your OTT Menu: Murder! Scams! Horror!

Your OTT Menu: Murder! Scams! Horror!

Rediff.com19 Sep 2022

Thrillers, scams, cults and corruption, things get pretty intense on OTT this week.

20% Twitter accounts fake, deal 'cannot move forward' until there's clarity: Musk

20% Twitter accounts fake, deal 'cannot move forward' until there's clarity: Musk

Rediff.com17 May 2022

Tesla CEO Elon Musk on Tuesday said that he will proceed with his USD 44 billion take over of Twitter only if the microblogging giant is able to prove that less than 5 per cent of its users are bots. "20% fake/spam accounts, while 4 times what Twitter claims, could be *much* higher. My offer was based on Twitter's SEC filings being accurate. "Yesterday, Twitter's CEO publicly refused to show proof. This deal cannot move forward until he does," Musk tweeted.

Space Race: Will India Be Just A Watcher?

Space Race: Will India Be Just A Watcher?

Rediff.com1 Sep 2022

Billionaires are not only eyeing a profit as they push mankind out into the stars.
It appears India will be among those nations consigned to being among the watchers and not participants of this crucial phase, observes Aakar Patel.

China to feel increasingly isolated: Adani

China to feel increasingly isolated: Adani

Rediff.com27 Sep 2022

Billionaire Gautam Adani on Tuesday said China will feel increasingly isolated as rising nationalism, shift in supply chains and technology restrictions threaten the world's second-biggest economy. This is because globalisation, of which China was seen as the foremost champion, is at an inflection point. "It will look very different from what we had come to accept in a largely unipolar world," he said.

The top 5 ugliest billionaire websites

The top 5 ugliest billionaire websites

Rediff.com27 Nov 2013

There are billionaires who have all the money at their disposal but have websites that are outdated, amateurish, or simply jarring.

World's top billionaire philanthropists

World's top billionaire philanthropists

Rediff.com2 Dec 2006

The very, very rich were very, very generous this year.