Mukesh Ambani remains the country's wealthiest promoter as his stake in Reliance is now worth Rs 3.25 trillion!
The combined networth of India's 100 wealthiest is $381 billion (nearly Rs 25.5 lakh crore), a rise of 10 per cent from $ 345 billion in 2015
Last August, RBI gave in-principle approval to 11 applicants.
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Of the 11 licence holders, only eight remain in the fray as concerns about profitability and rising competition are making them think twice before jumping in.
4 Ranbaxy facilities in India have been barred from exporting to US.
The total wealth of India's top five billionaires, which stands at a whopping $83.7 billion, is more than the cost of 1,230 Mars Orbiter 'Mangalyaan' Missions and is more than 18 times the cost of hosting the 2016 Rio Olympics
Who is to take their place? Will a new generation of entrepreneurs start up with better business sense, or at least better luck? But the so-called unicorns are mostly copy-cat entrepreneurs whose cash flow is funded by overseas (including Chinese) money, notes T N Ninan.
Top 100 billionaires see their wealth rise 10%; top 20 account for half of total wealth of top 100.
The 20 richest people on the planet are worth a staggering USD 1.2 trillion, a sum roughly equivalent to the annual economic output of Mexico.
Netanyahu will cap his hectic schedule by attending the 'Shalom Bollywood' event.
In 2014, Sun Pharma agreed to buy Ranbaxy -- which was then controlled by Daiichi.
The proposed acquisition is expected to close by the end of 2014, subject to approvals from Indian Courts and the anti-trust body in India and the US
No business delegation has been cleared yet for Prime Minister Narendra Modi 's visit to America from Friday.
Sun Pharma's market capitalisation stood at Rs 100,050 crore on December 5, with its share price closing at Rs 417 a piece - lowest since March 2013.
But splitting management bandwidth by investing in non-core businesses will not be appreciated by the market in the long run.
Sun Pharmaceutical's acquisition of Ranbaxy has received final approvals.
The joint entity will have a market share of nine per cent in India. Analysts tracking the company said one of the key outcomes of the merger would be to create a single brand entity of Sun and the Ranbaxy brand would eventually dissolve.
The Ranbaxy experience has made multinational corporations more cautious about Indian acquisitions in general
ICICI Bank and SBI were among the top Sensex gainers along with FMCG majors ITC and HUL.
Sources indicated defence and national security initiatives.
Sensex ended up 41 points at 29,136 and Nifty gained 4 pts to 8,809.
Five stocks - Havells, NCC, Suzlon, Blue Star and Crompton Greaves look most attractive after the recent course correction.
Top ten billionaires in India.
Amazon committed a fresh investment of $3 billion, in addition to the $2 billion it announced in 2014.
Of the 23 Indian billionaires mentioned in the Bloomberg Billionaires Index, only one saw a reduction in net worth, with the companies owned by most of them outperforming the Nifty 50 index by a big margin.
FDA allows Teva to launch Nexium generic; Cipla, which supplies formulation, to gain
How Chanda Kochhar and her husband Deepak Kochhar find themselves in a huge controversy.
The Halol facility is important for the company as it accounts for 10 per cent of Sun Pharma's sales.
India Inc is ready to diversify into unchartered areas.
As record stock market rally continues, the value of shares directly owned by next-generation business leaders at 20 major corporate houses has soared over 18 per cent to Rs 17,000 crore.
A majority of India's billionaires gained wealth in the last one year in spite of the stock market decline.
After building a subscriber base of nearly 50 million in about eight chequered years, it finally gave up as it saw itself up against a 600-pound gorilla that breezed through double that many subscribers in a fraction of that time, says N Sundaresha Subramanian.
Globally, just 8 billionaires have same amount of wealth as the poorest 50% of the world population.
For the four new players, the spike in wealth is 126 per cent.
RPG Enterprises Chairman Harsh Goenka thinks aloud about what Vijay Mallya could or should do to get out of the current mess.
Few top honchos of India Inc did very well in 2014.
The calculation excludes cross-holding of listed group cos in each other.
The 30-share Sensex closed down 114 points at 28,622 and the 50-share Nifty ended down 37 points at 8,686.
What explains Vijay Shekhar Sharma's optimism when other players have started to tread cautiously is Paytm's huge customer base: It has 120 million users and counting, says Nivedita Mookerji.
A glance back at some of the important ups and down Indian Inc faced in 2018.
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