Rich

  • India home to 70 billionaires; Mukesh Ambani richest Indian March 2, 2014

    New Delhi: India is home to the fifth largest group of billionaires in the world and Mukesh Ambani, chairman of Reliance Industries, is the country's richest man with a personal fortune of $18 billion, says a report. According China-based research firm Hurun's 2014 global rich list, Mukesh Ambani was ranked 41st...
  • Ravi Pillai: From farmer's son to construction tycoon November 28, 2013

    Ravi Pillai Chairman and MD, RP Group of Companies Age: 60 Rank in the Rich List: 34 Net Worth: $1.7 billion The Big Challenge Faced in the Last Year: A huge shortage of skilled workforce. To overcome this, is planning to set up technical training institutes in India, Middle East and other countries. The Way Forward:...
  • Sunil Mittal: Riding the high tide in Indian telecom November 28, 2013

    Sunil Bharti Mittal Chairman and managing director, Bharti Enterprises Age: 55 Rank in the Rich List: 10 Net Worth: $6.6 billion The Big Challenge Faced in the Last Year: Steadying Airtel's operations and maintaining its market leadership in a highly competitive, regulated and, yet, uncertain sector The Way Forward: Focusing on converting more voice customers to...
  • India Rich List 2013: The drop-outs November 19, 2013

    Those whose net worth eroded due to factors such as economic uncertainty, policy changes and, in some cases, sheer bad luck. MG George, Muthoot Finance #55 in 2012 At one point, Muthoot Finance was India's leading lender against gold. Revenues and profits had doubled last year, with the spurt in gold prices, taking...
  • Biggest gainers and losers on India Rich List 2013 November 19, 2013

    Ups and downs are part and parcel of wealth creation. This list reflects just that. Here are the biggest gainers and losers over the last year, ranked in terms of percentage change in net worth. The Biggest Gainers BR Shetty New Medical Centre Group, UAE + $340 million (+63 per cent) (Rank 72;...
  • Forbes India rich list and Kerala's Gulf connection October 29, 2013

    New Delhi: Two new entrants to the Forbes India Richest People have made their money in the Gulf. Interestingly, both are from Kerala. The two newest entrants in Forbes list of richest Indians have amassed billion dollar fortunes with businesses in Saudi Arabia and Abu Dhabi after emigrating from Kerala. "Ravi Pillai,...
  • Mukesh Ambani tops the Forbes India rich list yet again October 29, 2013

    New Delhi: Reliance Industries Limited Chairman Mukesh Ambani has retained the top spot in the Forbes India this year as well with a wealth of $21 billion. The Forbes India rich list shows modest gains for India's richest due to a stumbling economy. Steel magnate Lakshmi Mittal also retains his...
  • Govt needs to cut subsidies which benefit the rich: Harsh Mander July 5, 2013

    For a nation which accounts for more hungry and poor people than any other in the world, for a country where the number of malnourished children is more than that of 26 countries of sub-Saharan Africa, the need for Food Security law can't be debated. But as with everything else...
  • Lakshmi Mittal puts palatial London home up for sale May 26, 2013

    London: The credit crunch seems to be taking its toll on one of the world's richest Indians Lakshmi N Mittal, who has put up one of his mansions in central London up for sale. The steel tycoon had bought the property on Palace Green in Kensington for 117 million pounds...
  • K'taka polls: Candidates with criminal records a concern May 3, 2013

    Bangalore: There are two days left for the Karnataka Assembly elections and as always money power is a concern in the state. Not just that, the state Election Watch finds that more than 20 per cent of candidates have criminal records. Political parties may have promised to make the Karnataka 2013...
  • Mukesh and Anil Ambani 20th richest in world: Times report April 21, 2013

    London: India's leading industrialist brothers, Mukesh and Anil Ambani, have been together listed as 20th richest in the world in the Sunday Times Rich List 2013. The brothers, who have separate industrial empire in India, have been clubbed together under the category of Petrochemicals and they are jointly assessed worth...
  • Reading Mohsin Hamid; Slumdog Millionaire meets The White Tiger? April 17, 2013

    Mohsin Hamid is a gifted writer and a wonderful story-teller, so it is totally to his credit that his latest novel "How to Get Filthy Rich in Rising Asia" is gripping. In fact, it left me wanting to finish the book, and I did so in one sitting or two....
  • Minorities are being frightened and terrified in Pakistan: Mohsin Hamid April 12, 2013

    Pakistani Author Mohsin Hamid, whose new book 'How to Get Filthy Rich in Rising Asia' recently released and who is working with Mira Nair on her movie based on his book 'The Reluctant Fundamentalist', spoke to CNN-IBN's Suhasini Haidar about living in Pakistan. He said, "Minorities are being targeted in...
  • Karnataka polls: The real estate lobby and the richest candidates April 12, 2013

    Bangalore: The real estate lobby entered the Karnataka state politics in the late 90s. CNN-IBN takes a look at some of the richest candidates in the fray for this year's Assembly polls, many of them from the real estate business. Priyakrishna is the richest candidate in the fray and also one...
  • Vijay Mallya exits Forbes rich list as his fortune dips March 5, 2013

    New York: Liquor baron Vijay Mallya has been moved out of Forbes' global rich list of 1,226 billionaires, even as the number of Indians in this elite club has grown since last year. With a net worth of USD one billion, Mallya was ranked 45th among 48 Indians on this...
  • Budget can only indirectly influence the road to recovery: Sanjay Banerji March 1, 2013

    Is the Union Budget 2013-14 the right thing for India? Professor of Finance at Nottingham University Business School Sanjay Banerji shared his perspective in an interaction with IBNLive readers. Q. Taxing the super-rich is ok but can this type of budget lead the road to recovery? It's good that garments,...
  • If the government reduces its spending, inflation rate should fall: Vivian Fernandes February 28, 2013

    How will Budget 2013 impact you? Senior journalist Vivian Fernandes shared his perspective in an interaction with IBNLive readers. Q. Just seen some points, highlights, from tax benefit perspectives, investment guide lines etc. seems to be that government is directionless and they are just pulling on. What do you think....
  • Chidambaram proposes 10 per cent surcharge on super-rich February 28, 2013

    New Delhi: The much-debated additional tax for super-rich found favour with the government as Finance Minister P Chidambaram on Thursday proposed a 10 per cent surcharge for a year on income above Rs one crore. The proposal will cover 42,800 individuals and entities. "When I need to raise resources, who...
  • Higher taxes on super rich will affect business: Assocham February 24, 2013

    New Delhi: Industry lobby Assocham Sunday said any higher taxes on the super rich will affect business sentiment in a time of economic slowdown. Backed by a corporate sector survey, the chamber said that instead of higher taxes for the rich, the government should focus more on high growth. "The focus...
  • I want to play with Tiger Woods: Shankar Das February 8, 2013

    Young Indian golfer Shankar Das will feature in Golf Premier league along with Michael Campbell and Darren Clarke. ...
  • Woman who escaped marriage at 17 returns as a millionaire February 1, 2013

    Kolkata: In what is a 'rags to riches' story, Chanda Zaveri fled from the pressures of getting married at 17 and returned home 30 years later as a millionaire. Born in a conservative Marwari family, her mother wanted to force her into a marriage that she did not want and...
  • Starry line-up for Golf Premier League January 30, 2013

    Darren Clarke, Angel Cabrera, Michael Campbell and Rich Beem have 5 Major Championships and all that collective heavy duty golfing talent is headed to Pune this February for a first of its kind Gold Premier League. ...
  • PM has worked only to help the rich: Buddhadeb January 28, 2013

    Baruipur: Lashing out at Prime Minister Manmohan Singh for allegedly failing to improve the condition of the poor, CPI(M) Politburo member Buddhadeb Bhattacharjee on Sunday said the UPA regime has pursued anti-people policies to help a handful of rich people for the past nine years. "Can Manmohan Singh claim that the...
  • Real Madrid, Barcelona top football's rich list January 24, 2013

    London: Real Madrid and rivals Barcelona proved that passion for Spanish soccer remains undimmed despite the country's financial crisis, cementing their place as the highest revenue earners in the world's most popular sport, business services group Deloitte said on Thursday. Real, who won the Spanish league last May for the 32nd...
  • The Last Word: Higher tax for the rich justified? January 11, 2013

    The Finance Minister has been advised to increase taxes for the rich as a way of tackling the fiscal deficit. ...
  • Mukesh Ambani 18th richest man in the world: Index January 3, 2013

    Houston: Indian business magnate Mukesh Ambani is the 18th richest person in the world with a personal wealth of $24.7 billion in 2012, according to the Bloomberg Billionaires Index, a daily ranking of the world's 100 wealthiest individuals. Mexican telecommunications magnate Carlos Slim remained the world's richest person holding a...
  • Poor more prone to smoking in India: WHO study November 10, 2012

    Thiruvananthapuram: Socio-economic milieu also has a bearing on the smoking habit as poor men in India smoke more than the rich, says a recent study. The World Health Survey (WHS) conducted by the WHO has found that 46.7 per cent of the poor men smoke in India as against 21.8...
  • Obama insists on tax hike for rich as part of fiscal deal November 10, 2012

    Washington: President Barack Obama said on Friday he was prepared to compromise with Republicans to avert a looming US fiscal calamity, but insisted a tax increase for the rich must be part of any bargain. Obama, who was re-elected on Tuesday, reminded Republicans that his approach to avoiding steep tax...
  • Mallya loses billionaire tag; net worth down to $ 800 mn October 25, 2012

    New York: Liquor baron Vijay Mallya, often referred to as 'King of good times', has lost his billionaire tag as "bad times" in his aviation business have dragged down his net worth to below the $ 1 billion mark. According to Forbes magazine's India rich list released on Thursday, Mallya...
  • Forbes rich list: The top 10 richest in India October 25, 2012

    New Delhi: Reliance Industries Chairman Mukesh Ambani is the country's richest man with a personal fortune of $ 21 billion, according to Forbes Magazine. Mukesh Ambani beats steel giant Lakshmi Mittal and Wipro head Azim Premji to top the Forbes's list. Lakshmi Mittal has attained the second spot with $16...