Half of the nation's 100 richest saw gains rising a collective 14% to $517.5 billion, says Forbes. Forbes released 2020's top 100 richest Indians on Thursday, which included newcomers, Sanjeev Bikhchandani, co-founder of Info Edge (India), who owns popular job and property websites; siblings Nithin and Nikhil Kamath, co-founders of discount stock brokerage Zerodha Broking, and three specialty chemicals producers - Vinod Saraf, founder of Vinati Organics, Arun Bharat Ram, the patriarch of SRF, and brothers Chandrakant and Rajendra Gogri of Aarti Industries. Other newcomers included Delhi-based brothers Ramesh Kumar and Mukand Lal Dua of Relaxo Footwears, which owns affordable footwear brands; dairyman, R G Chandramogan of Hatsun Agro; Premchand Godha, who chairs IPCA Laboratories, manufacturing formulations, bulk drugs and drug intermediates; G Rajendran, founder of jewellery chain, GRT Jewellers.
Retail jewellers may be exempted as customers are allowed to buy jewellery up to Rs 200,000 in cash
The group has called for a retaliatory tariff action against India, if New Delhi does not roll back the 'unilateral and discriminatory' equalisation levy or Google Tax.
The jeweller, who had left the country before Punjab National Bank approached the CBI with complaint against him and Nirav Modi, said the media continued to conduct a trial by itself blowing each and every issue out of proportion.
Subhash K Jha gives us the very best of Waheeda Rehman.
A portion of the Billie Jean King National Tennis Center is set to transform into a 350-bed temporary hospital on Tuesday, the USTA said, as the coronavirus outbreak strains resources in New York City, which as been dramatically affected by the pandemic. The site of the US Open and the crown jewel of American tennis, the venue has been thrust into the fray amid a medical crisis that has gripped the world and brought professional sports to a sudden and indefinite halt.
Currently, the enforcement officers are making seizures of assets directly and indirectly connected to offenders, including jewelers Nirav Modi and Mehul Choksi in the Punjab National Bank fraud and Vijay Mallya in the Rs 9,000-crore IDBI loan case.
Choksi, along with his nephew and millionaire designer jeweller Nirav Modi, is being investigated by the ED for allegedly defrauding PNB, the country's second largest lender.
Be it scenic Kashmir or majestic Swiss Alps, Bollywood's trendsetting winter wear is the A to Z of style and snug. Sukanya Verma looks at its winter fashion over the years.
'We are opening stores in towns that are unheard of where the attachment to jewellery is strong and accompanied by the Tata brand pull.'
'The consolidation of the world's fifth-largest economy in the hands of 15-20 corporate giants is a once-in-generation event, which we are focusing on.'
A seven-kilogram improvised explosive device (IED) was detected on Sunday near the crowded general bus stand area in Jammu, averting a major tragedy and a plan by terrorists to set off an explosion on the second anniversary of the 2019 Pulwama attack, officials said.
For the first time since the standoff between Indian and Chinese troops along the Line of Actual Control (LAC) in eastern Ladakh, Prime Minister Narendra Modi and Chinese President Xi Jinping are expected to come face-to-face virtually at the BRICS (Brazil-Russia-India-China-South Africa) annual summit to be held on November 17.
The scheme is yet to take off.
Tendulkar, unarguably the greatest batsman in modern cricket, was coached by Achrekar at the Shivaji Park in Mumbai's Dadar as a child.
Gandhi also labelled Mann Ki Baat a monologue.
A dedicated physical gold exchange could lead to standard gold pricing in India.
The primary market is set for a bumper Rs 80,000-crore bonanza with 30 companies already filing IPO papers to raise Rs 55,000 crore, while around 10 more are lined up for this month itself, seeking to mop up another Rs 25,000 crore, say investment bankers. The market has been on a non-stop rally, hitting new records almost every week, on the back of an influx of investors -- a vast majority of them first-timers -- coupled with a flood of liquidity. Foreign funds alone had pumped in a record $35 billion into the market in FY21, while the trend has continued this fiscal as well. Domestic institutions led by LIC have also infused trillions of rupees, helping woo retail investors in troves -- the year saw over 20 million new investors coming to the market.
This is good news for the central government at a time when crude oil prices are rising.
More cos could join the likes of Burger King and Antony Waste in giving listing another shot.
Only three or four tonnes is estimated to have been mobilised under the scheme.
Sebi has asked intermediaries to stagger the offerings as much as possible, said people in the know and ensure adequate capacity building.
Aseem Chhabra and Sukanya Verma send in their predictions for the top Oscar awards.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Buying had been muted in the past few weeks.
The UK judge who handed down his judgment on Thursday in favour of the extradition of Nirav Modi to face charges of fraud and money laundering in India said he had found no evidence of adverse political influence in the case, as claimed by the diamond merchant's legal team.
Gold extended its slump for the second day and shed another ₹ 350 to hit a six-month low of ₹ 29,000 per 10 grams in the bullion market.
'Savarkar's opponents should spend two days in the (erstwhile) Andaman Cellular Jail to understand the hardships he was put through by the British'
The going is not going to be easy for the DMK and its allies in Elections 2024. Despite the seats sweepstake in the 2021 assembly polls, the vote-share difference of 5.6% (DMK's 45.38% versus AIADMK-BJP's 39.72%) is not insurmountable on a bad day, points out N Sathiya Moorthy.
Finance Minister Arun Jaitley in the Budget for 2016-17 had proposed 1 per cent excise duty on jewellery without input credit or 12.5 per cent with input tax credit on jewellery.
If IOC is not allowed to run its own affairs, then we can see it close down in the next 10 to 15 years, warns Sudhir Bisht.
What do you think of Sonam's red carpet look?
A lowdown on what's going on in the Malayalam film industry.
In Zaveri Bazar, gold is being traded at Rs 26,920/10 gm
According to jewellers and MMTC-PAMP India, gold demand has picked up in the wake of good monsoon and favourable price levels. There was positive response and more footfalls.
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The jewellery industry has welcomed the government's decision to ban old Rs 500 and Rs 1,000 notes, saying gold demand will rise as people will have more faith in the precious metal than the currency notes. But the unorganised builders and secondary (resale) property market would be adversely impacted.
De Beers' branded jewellery is available across the world.
It was perhaps over-enthusiasm that prompted the Indian investigative agencies to take a private jet to Dominica to bring back fugitive diamantaire Mehul Choksi. Predictably, the eight-member team had to return empty-handed after almost a week-long wait. The agencies were banking too much on the "state-less" status of Mr Choksi, as Antigua, which had given him citizenship in 2017, wasn't willing to take him back. Thus, the calculation was that Mr Choksi would be whisked away from the Dominican courtroom to the waiting plane. The reason for the optimism was also because Antigua is friendly territory for India.
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