According to the Credit Suisse Global Wealth report, India has 1,800 ultra high net worth individuals -- 11th largest group globally, while the United States tops the chart with 62,800 UHNW adults (equivalent to 49 per cent of the global total).
Firms have to adhere to strict compliance requirements mandated by global parents
Three years after the prime minister's election promise that his government would create 10 million jobs, the emerging picture is not pretty. Employment HAS TO take on a critical status in the government's agenda, says Shyamal Majumdar.
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The benchmark has gained 2 per cent this week on continued hopes the incoming Narendra Modi government would unveil substantial economic reforms.
Institutional investors - both foreign and domestic - lapped up the government's big-ticket share sales on Friday, helping it add nearly Rs 9,000 crore to its revenue kitty.
Even as you fight the ongoing health challenge, here are some tips to strengthen your personal finance in the time of coronavirus.
The marginal rise in June headline inflation to 4.9 per cent may be a precursor to a pronounced increase in the coming months and RBI is unlikely to cut rates at the forthcoming policy meet on July 30, say analysts.
Capital goods shares continued to trade firm in late noon despite weak market trend on the back of encouraging core sector growth in February.
Singapore will be counting on its marquee Formula One race to help make up for a 30 percent drop in Chinese tourists this year.
Given the developments, analysts do not foresee a quick recovery.
As Britain's Prince Harry follows in his brother's footsteps and is all set to marry a commoner -- American actress Meghan Markle -- early next year, here's some of the well-known commoners who became royalty through marriage.
Expect more volatility in the coming year as the economy and markets price in the demonetisation drive.
Flight of high-paying banking jobs to other European cities will hurt the prospects of Indian real estate developers and desis in the hospitality business in the UK, says Kunal Bose.
'The IPO window has been more or less open since the new government in 2014.'
'Experts are not ruling out further pain as global factors cannot insulate India from the aftermath.'
Infosys, TCS, HUL and Reliance Industries were the top gainers of the day.
Outbound deal count in the current calendar year fell to 100 from 154 in 2012.
Barclays is not alone in trying to decide the best size and shape of its investment bank in a changed regulatory landscape.
A decline in the real estate sector, rising debt and the company's alleged involvement in 2G scam caused damage to the business and its image.
Tech start-up set to change wellness segment with cloud-based services.
RBI has, since January, cut its policy rate four times.
Recent rates cuts by most banks may not have a significant impact on margins, say analysts.
FIFA president Sepp Blatter and its secretary general Jerome Valcke have both hired high-powered US lawyers to represent them as a corruption probe roils soccer's global governing body.
'A positive oil shock has a detrimental effect on growth and activity.'
An analysis of the National Housing Bank's Residex shows from 2007 to now, almost all tier-II cities have seen their residential property prices appreciate by 45-120 per cent.
From February to mid-March, oil prices receded rapidly.
In last few years, a number of global players have exited the Indian mutual fund business.
The broader markets were marginally higher with mid-caps and small-caps gaining 0.1-0.4 per cent on the BSE.
The most preferred CoCo bonds are those through which banks raise their additional Tier-I capital.
A leave vote means the future of Britain's financial services industry is now hanging in the balance.
The 30-share Sensex is up 253 points at 29,263 and the 50-share Nifty has gained 68 points at 8,829.
ONGC, Sesa Sterlite, Tata Steel, RIL and HDFC emerged as the biggest losers
HCL Technologies and Infosys should benefit more than TCS and Wipro
Mop-up misses target as big FIIs skip issue.
HealthifyMe is an app that connects users to fitness trainers virtually, motivate them on goals.
The year 2015 may well turn out to be a watershed in global macroeconomic adjustment.
In first half of year, firms raise more than banks on low US treasury rates.
KPH Dream Cricket Pvt Ltd, the owners and promoter of the IPL franchise Kings XI Punjab, has filed a criminal complaint against its title sponsor, NVD Solar Ltd and its officials, for "cheating and duping" them of around Rs 14 crore which they were supposed to pay it as per the contract.
Experts prefer domestic consumption-driven plays and defensives such as information technology and pharmaceuticals
Equity markets are currently difficult to gauge as the market has probably priced in a lot of things ahead of actual events.
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