Despite volatile markets and the collapse of the technology bubble, the South Asian community in the United States -- especially Indians -- continues to grow and build wealth, according to a study released by Merrill Lynch on Tuesday.
The Supreme Court-appointed Committee of Administrators (CoA) will demit office after the BCCI AGM here on Wednesday, ending a tumultuous 33-month tenure.
Titan was the top gainer in the Sensex pack, rising around 4 per cent, followed by HDFC, Nestle India, IndusInd Bank, UltraTech Cement and Bharti Airtel. On the other hand, Bajaj Auto, Tata Steel and NTPC were the laggards.
The affiliated units of the Board of Control for Cricket in India might have a reason to rejoice in the coming months as the International Cricket Council's revamp in the revenue distribution structure will mean an additional cash bonanza to the tune of Rs 15 crore for them to develop the game.
Photo-messaging app Snapchat on Wednesday said its monthly user base has reached 100 million in the country, and the company will continue to anchor its efforts towards growing and providing more resources to its community of Indian creators. Snap Inc, the parent company of Snapchat, virtually hosted the second edition of 'Snap in India'. At the event, Snap co-founder and CEO Evan Spiegel announced the milestone of reaching 100 million Snapchatters monthly in India.
The total value of Naveen Patnaik's assets has swelled by Rs 4 crore from Rs 7.98 crore to Rs 12.06 crore between 2009 and 2014. This increase is because of appreciation of property value instead of acquisition of any new property.
Sanctions-hit Iran government has earned millions of United States dollars by hosting the 13th Non-Aligned Movement Summit here which was attended by representatives from over 50 countries. According to Iran's own calculations, it would have earned at least $50 million.
Innovation can add an additional USD 50 billion to the revenue pools of Indian IT and ITES industry by 2012, a new study released on Wednesday said.
Investors of the Ambani brothers group companies grew wealthier by a cumulative Rs 18,000 crore (Rs 180 billion) in a single day, driven by the massive spurt in the stocks of RIL and ADA Group companies following their decision to smoke the peace pipe by terminating all the non-compete agreements effected in January 2006.
Congress leader and ex-finance minister P Chidambaram on Tuesday said the Union Budget was the "most capitalist" with nothing for the poor and farmers while sops were being provided to big industrialists turning India into a very "unequal country". At a press conference after Union Finance Minister Nirmala Sitharaman unveiled a Rs 39.45 lakh crore Budget, he said because of the ruling party's "brute majority" the Lok Sabha pass the Budget but people will reject it. He claimed the Bharatiya Janata Party was going to elections, scheduled in five states, not with their performance or with the promises and assurances to the people, but solely "with the agenda of dividing the country and bringing Hindutva back to power".
While the US omitted China and Russia from the list of invitees, Beijing was furious over the invitation to the self-governing island Taiwan, which China said is a blatant violation of the 'One China' policy that considers Taipei as the integral part of the Chinese mainland.
Riding on the company's stellar market debut, Twitter co-founders Evan Williams and Jack Dorsey saw their combined fortunes soar by over one billion dollars in a single day to $3.6 billion.
Participating in the debate on the budget, leaders of parties like the Congress, Bahujan Samaj Party, Aam Aadmi Party and Left launched an all-out attack on the BJP government for allegedly selling off the country's assets and PSUs to big industrialists.
Most investors sell in panic, act like a trader, don't understand the difference between price of a stock and its value, are not consistent in their investment strategy and deviate from their asset allocations that leads to wealth destruction, writes Ramalingam K.
Get your lowdown on what's going on in the world of Hollywood, right here!
An analysis of the assets data from Association of Democratic Reforms shows that the average assets of a winner of the 2014 LS election was more than the average assets of a candidate: more the money you have, more the chances of winning.
India will either have to create a system in which certain geographical areas will wind up being permanent political outsiders at the Union level or it will have to create a system in which certain votes are weighted more heavily than others, observes Mihir S Sharma.
The total investor wealth on the Bombay Stock Exchange rose by over Rs 1.07 lakh crore on Monday as positive cues from global markets led the rally in today's market, which surged over 2.55 per cent.
The total investor wealth in domestic stock markets soared by Rs 1.53 lakh crore as investors cheered energy reforms, including hike in natural gas prices.
Congress leader Rahul Gandhi on Friday warned that the farmers' agitation will spread across the country if not resolved soon and asserted that the only solution to the issue was to throw the new agri laws in the 'waste paper basket'.
IOA also said that the member State Olympic Associations "will also receive a sum of Rs 15 lakh each, as a contribution from IOA towards developing sports infrastructure in the states and in encouraging more athletes to take up sports."
President Pratibha Patil on Monday made public her movable and immovable properties worth over Rs 2.49 crore on the request of Central Information Commissioner as she completed four years in office. Rediff.com takes a look at the total worth of some other politicians in the country, and tries to find out where our President stands.
'The question is really can we prevent half a million deaths.' 'We are fast approaching that number.'
Google has announced a slew of new features including new privacy settings, AI tools and release of the first beta of Android 12 that will become part of its products over the course of the year. Kicking off Google I/O 2021 in a virtual format from the Mountain View campus, Google CEO Sundar Pichai also announced additions to Google Workspace that will enable richer collaboration, especially in view of the pandemic that has driven enterprises across the globe to embrace remote working solutions. Pichai said that COVID-19 has deeply affected every community over the past year, and "places like Brazil, and my home country of India, are now going through their most difficult moments yet".
India is a market for low-priced cars with low running costs. The global majors don't have models that fit the bill; only Maruti and Hyundai have successful entry-level models, observes T N Ninan.
The Public Provident Fund and National Savings Certificate are the most popular tax-saving investments. But which one scores better when it comes to saving more tax or getting better returns?
Benchmark Sensex soared higher by 623.10 points - the biggest one-day gain since May 18, 2009.
Stock market on Tuesday cheered the Union Budget for the second consecutive day with a record- breaking rally, taking the total addition to investors' wealth to over Rs 2,33,500 crore (Rs 2,335 billion) in just two trading sessions.
It's always been a struggle for economists and statisticians to forecast India's gross domestic product (GDP) correctly, and say where the economy is headed before the official numbers come out. If estimating the GDP is tough, forecasting it in real time is complicated. It involves looking at tens of indicators, such as industrial production, electricity consumption and exports, to arrive at a number.
European Central Bank's decision to take up an unlimited bond-buying plan is the reason
Rashtriya Janata Dal chief Lalu Prasad has no immovable assets but Rabri Devi, his wife who is also former Bihar chief minister, has over Rs 1.41 crore in terms of landed property.
Taruna Bakshi shares healthy winter recipes.
India must remain an integral part of the global economy if it has to grow at 9-10 per cent over the next three decades, Niti Aayog CEO Amitabh Kant said on Tuesday. Speaking at the 15th India Digital Summit, Kant said India needs to become a major global exporting nation, without that it will not be possible to become richer and create wealth for its people over the next three decades.
The total wealth, measured in terms of cumulative market capitalisation of all the listed companies on the Bombay Stock Exchange, has surged to a high of Rs 60,74,290.48 crore (Rs 6,0742.9 billion), the latest data available with the bourse shows.
An Indian would have got Rs 40,141 during 2008-09, if the country's wealth was equally distributed among its citizens, according to the revised estimates of the national income.
Bindra realistic after the Haryanvi takes a set off Federer in US Open first round.
'Certainly, it is the most incredible title triumph in Liverpool's history, and arguably the best delivered by an elite club in the Premier League era'
The market capitalisation of BSE-listed companies on Thursday crossed the historic Rs 200 lakh crore mark for the first time, driven by a continuous rally in the broader market. Riding high on the bullish investor sentiment, the market capitalisation of BSE-listed companies reached a record Rs 2,00,47,191.31 crore at close of trade. The 30-share BSE index closed the day with a gain of 358.54 points or 0.71 per cent at its lifetime peak of 50,614.29. This is the fourth consecutive day of gains for the markets.
A strong rally in the stock market, the biggest in the last two months, on Friday added an estimated Rs 1.5 lakh crore to the investors' wealth.
'It's my humble tribute to a talent that has no limits, no boundaries.'
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