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Since April 1, promoters of Jaiprakash Associates have released more than 225 million Jaiprakash Power Ventures shares (valued at Rs 425 crore) pledged with lenders.
In the domestic market, the Tata Group has lost ground in the passenger car business.
Others in the top 10 include Uday Kotak at the 6th place with a wealth of Rs 94,100 crore, Cyrus S Poonawalla at 7th position with Rs 88,800 crore assets, Cyrus Pallonji Mistry at 8th spot with a wealth of Rs 76,800 crore, Shapoor Pallonji at 9th position with a net worth of Rs 76,800 crore and Dilip Shanghvi at 10th slot with Rs 71,500-crore wealth.
India Inc has few leaders who are likely to grab headlines in 2015.
In a grand ceremony with overtones of a United States presidential inauguration, heads of state and government, India Inc honchos, opposition leaders, Bharatiya Janata Party members and showbiz stars rubbed shoulders as they watched President Ram Nath Kovind administer the oath of office to India's 58 new ministers.
How should one billion Indians, for whom deprivation has become an inescapable way of life, join us in celebrating 75 years of Independence? And where do we go from here? asks Kalyan Singhal.
The Year of the Rabbit, according to the Chinese calendar, began on Sunday, January 22.
Some leading Indian companies are likely to see their earnings declining if the Indian currency depreciates further, analysts and finance heads say.
Around 300 promoters serve their company boards for free.
There are around 6,500 diamond manufacturers of which Palanpuri Jains operate a mere 6 per cent, or around 400 companies. But they stand out for being highly interlinked through blood ties.
Friendlier government policies, greater demand and better supply of coal have fuelled investor interest.
The WEF meeting is crucial because of its theme encompassing globalisation at the time of rising nationalism and trade war, and the fourth industrial revolution due to rapid strides being made in robotics and artificial intelligence.
Theft has taken place in front of the eyes of the chowkidar. But you are silent, Rahul said.
Mukehs Ambani, KLakshmi Mittal, Azim Premji features in top ten rich Indians list.
India has too many small companies and this is inefficient. It should instead have only a handful of very large players running its economy and these giants can then compete with the world, observes Aakar Patel.
You can make all the speeches you want, you cannot argue against 39 straight months of slowing, observes Aakar Patel.
India's 100 top billionaires have seen their fortunes increase by Rs 12,97,822 crore since March last year when the Covid-19 pandemic hit the country and this amount is enough to give 13.8 crore poorest Indians a cheque for Rs 94,045 each.
A leak of 11.5 million tax documents has revealed how the rich and powerful use tax havens to hide their wealth.
50-odd biz leaders are part of Modi's entourage for the 3-nation tour
The store that made Prime Minister Narendra Modi's monogrammed suit in Ahmedabad are now flooded with requests from people who want similar attire, finds out Sabu Cherian
Chanda Kochhar, managing director of ICICI Bank, says the new government must take effective action bringing clarity around tax laws.
Known for making controversial remarks, senior Uttar Pradesh minister Azam Khan outdid himself when he alleged that Prime Minister Narendra Modi had met wanted underworld don Dawood Ibrahim in Lahore at the residence of his Pakistani counterpart Nawaz Sharif last December. Sharat Pradhan/ Rediff.com reports from Lucknow.
He congratulated the Uttar Pradesh government and industrialists for their commitment for development.
Mukesh Ambani remains the country's wealthiest promoter as his stake in Reliance is now worth Rs 3.25 trillion!
No business delegation has been cleared yet for Prime Minister Narendra Modi 's visit to America from Friday.
In the last couple of months, the Prime Minister has visited Japan and the US and launched the Make in India campaign to lure foreign investments into manufacturing sector.
Ajit Mishra answers reader queries on the stock market.
The success story of Adani's Mundra Port in Gujarat, in terms of efficiency, technology and management, should be replicated at Vizhinjam to ensure that this ambitious project does not fail, say Shehzad Poonawalla and Riya Sinha.
The meeting will focus on how to make the crisis an opportunity for India.
The Harvard alum has known the Yale alum for ages, but hit it off recently.
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.
Colombo can handle more container traffic than all of India's ports put together. For a country with a long maritime tradition, this is a pathetic state of affairs, saya T N Ninan.
He promised a complete loan waiver to farmers as soon as the Congress formed government in the state.
Four Gujarat ministers were handpicked by Prime Minister Narendra Modi to organise the reception for Chinese President Xi Jinping, right from the welcome at the airport to the menu for the dinner at the Sabarmati riverfront, reports Sheela Bhatt.
Sharpening his attack on Narendra Modi, Rahul Gandhi today said the Bharatiya Janata Party leader would have "ousted" even Atal Bihari Vajpayee like party veterans Jaswant Singh and L K Advani had the former PM continued being in public life.
'Corruption is rampant in every office in the state from the villages right up to Gandhinagar. I have witnessed all these issues first hand... Before Narendra Modi became chief minister Gujarat had a debt of Rs 25,000 crore to Rs 30,000 crore. Today it is Rs 180,000 crore. There has been six-fold jump in public debt in Gujarat in the last ten years... Every child born in Gujarat owes a debt of Rs 30,000 today. How can you call this development? Look at how high taxes are in Gujarat. Look at the condition of our public health system. There are not enough doctors or nursing staff in government hospitals; not enough teachers in schools and colleges.' Three-time BJP MLA Dr Kanubhai Kalsaria rips apart Narendra Modi's policies.
If the protests have cemented the ties between the peasantry and the traders, the political implications for the BJP might become too serious to be disregarded because its core base was made up of the urban Khatri merchants.
'James Crabtree ignores the emergence of a nexus between business and politics going back to the 1920s and talks of it as a new child of 21st century India,' says Shivanand Kanavi.
Indian-American business leaders meet to discuss ways to make this initiative a success.
IndiGo Airlines signs $2.6-billion leasing and financing MoU with Industrial and Commercial Bank of China.
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