Wealth

  • Current value of Flipkart is expected to be 5 million dollars July 30, 2014

    India's biggest online retailer Flipkart has raised 1 billion dollars in fresh funding. The current value of Flipkart is now expected to be 5 million dollars. The market size has increased. Internet is now at an inflection point, thus attracting a lot of investors to Flipkart. The latest round of...
  • CWG 2014: Paralympic Committee of India contemplates life ban on Choudhary July 25, 2014

    Glasgow: Even as confusion prevailed over how para-athlete Sachin Choudhary came as a part of the Indian Commonwealth Games contingent without dope clearance, the Paralympic Committee of India was contemplating a life ban on the powerlifter. Choudhary checked in at the Athletes Village as part of the Indian contingent but made...
  • CWG 2014: India men's hockey team starts with a win over Wales July 25, 2014

    Glasgow: A far from impressive India had to toil hard to register a 3-1 win over a lowly Wales in their opening Pool A match in the men's hockey competition of the 20th Commonwealth Games at the National Hockey Centre, on Friday. Ranked ninth in the world, India had to dig...
  • Indian judokas create history by winning three medals July 25, 2014

    Glasgow: Indian judokas produced the country's best-ever performance by bagging three medals on the opening day of competitions in the 20th Commonwealth Games on Friday. Shushila Likmabam (women's 48kg) and Navjot Chana (men's 60kg) clinched a silver each while Kalpana Thoudam (women's 52kg) bagged a bronze to begin India's campaign on...
  • Fraser-Pryce regaining confidence following Glasgow outing July 18, 2014

    Monaco: World and Olympic champion Shelly-Ann Fraser-Pryce believes last weekend's Glasgow Grand Prix was a turning point in her comeback from injury, and is hoping to continue improving for the rest of the season. The Jamaican was speaking ahead of her outing on Friday, where she will contest the 100 metres...
  • OGQ to support boxer Sarita Devi, rifle shooter Apurvi Chandela July 4, 2014

    Mumbai: Olympic Gold Quest (OGQ) is to support woman boxer Laishram Sarita Devi and rising rifle shooter Apurvi Chandela in the run up to their participation in the July 23-August 3 Commonwealth Games in Glasgow, Scotland and the September-October Asian Games in Incheon, South Korea. OGQ, founded by sports legends Prakash...
  • Saurav Ghosal seeded fourth, Dipika Pallikal sixth for Glasgow CWG July 2, 2014

    New Delhi: India's leading squash players Saurav Ghosal and Dipika Pallikal have been seeded fourth and sixth respectively for the singles competition at the Glasgow Commonwealth Games beginning July 23. The seeds for the five categories -- men's singles, women's singles, men's doubles, women's doubles and mixed doubles -- were announced...
  • Indian-born Rupinder Kaur wrestler in Oz team for CWG June 24, 2014

    Melbourne: The Australian women's wrestling team for this year's Commonwealth has an Indian connect to it with the Punjab-born Rupinder Kaur making the cut in the three-strong squad for the July 23 to August 3 event Glasgow. Kaur will compete in the 53kg division. In an interview to SBS Punjabi radio channel...
  • Krishna Poonia finishes 3rd in US, Vikas Gowda 7th in Diamond League June 15, 2014

    New York: On a training-cum-competition stint in the United States, ace Indian discus thrower Krishna Poonia finished third in an international competition with an effort below the Glasgow Commonwealth Games qualifying standard set by Athletics Federation of India. Poonia, the reigning Commonwealth Games champion, hurled the discus to a distance of...
  • India ranks 15th in the Global Wealth list June 11, 2014

    New York: India had 175,000 millionaire households in 2013, ranking 15th in the world, according to a wealth report which said the total number of millionaire households in the world rose to 16.3 million last year. The Boston Consulting Group's 14th annual report on the global wealth-management industry 'Riding a...
  • e Lounge: SRK, most 'obsessed-over' in Time magazine list May 29, 2014

    Bollywood heartthrob Shah Rukh Khan and Indian cricket legend Sachin Tendulkar are among the 100 most "obsessed-over people" on the web, according to a list compiled by Time magazine. Last week, Shah Rukh Khan was the second richest celebrity in a list of the top ten wealthiest Hollywood and Bollywood...
  • Hiranandani Brothers among Singapore's richest property tycoons May 7, 2014

    Singapore: Indian origin property magnate Raj Kumar Hiranandani and Asok Kumar Hiranandani have been named among Singapore's top ten richest property tycoons and the two have a collective net worth of $2.6 billion, says a Wealth-X report. Raj Kumar Hiranandani, owner of the Royal Holdings Organisation was placed in the second...
  • Dilip Shanghvi among Asia's richest self-made billionaires: Wealth-X April 30, 2014

    New Delhi: Sun Pharmaceuticals Industries' Dilip Shanghvi has been named in the list of Asia's top ten wealthiest self-made billionaires, topped by Hong Kong business tycoon Li Ka-Shing, according to Wealth-X. Shanghvi, ranked seventh, is the only Indian on the list with a net worth of $3.5 billion (Rs 20,100 crore),...
  • Change India: Setting up a sovereign wealth fund without spending government money April 26, 2014

    In the run up to the 2014 Lok Sabha polls, Network18's latest campaign is on 'Change India - Agenda for the next PM'. In this special show, we bring to you the policy initiatives that will enable setting up wealth fund without spending the government money. In today's show, we...
  • Congress snubs Suresh Kalmadi, gives Pune ticket to Vishwajeet Kadam March 19, 2014

    New Delhi: Taking note of Congress Vice President Rahul Gandhi's objection to give election ticket to tainted leaders, the party snubbed Commonwealth Games scam accused Suresh Kalmadi and fielded Vishwajeet Kadam in Pune. Kalmadi is a sitting MP from Pune. Rahul Gandhi, who is heading the Congress poll campaign, had objected...
  • UK Sikh hotelier to be sued by father over family fortune November 18, 2013

    A prominent British Sikh hotelier is being sued by his 86-year-old father for abandoning the Sikh tradition of sharing family wealth and excluding him from the 415 million pounds business. Bal Mohinder Singh is suing his eldest son, Jasminder Singh, head of Britain's successful Radisson Blu Edwardian Hotels group, claiming that...
  • Sachin Tendulkar is India's richest cricketer: Wealth-X November 5, 2013

    New Delhi: Legendary batsman Sachin Tendulkar, who is retiring this month, is the country's wealthiest cricket player with a personal fortune of USD 160 million, according to a Wealth-X estimate. "Tendulkar has amassed a fortune that eclipses the combined net worth of the four other cricketers on the list, and is...
  • Tendulkar, not Dhoni, is India's wealthiest cricketer: Wealth-X October 31, 2013

    New Delhi: With a personal fortune of $160 million, Sachin Tendulkar is now India's wealthiest cricketer, ahead of the combined net worth of the next four in the list - MS Dhoni, Yuvraj Singh, Rahul Dravid and Virat Kohli. Wealth-X, considered to have the world's largest collection of curated research on...
  • Asia edged out by North America in wealth list September 25, 2013

    Hong Kong: Some 300,000 people joined Asia's millionaire ranks last year, according to a world wealth report released Wednesday, which also found that the region slipped behind a rebounding North America. The report by CapGemini and Royal Bank of Canada is the latest of several recent surveys highlighting the strong rise...
  • Tunda could throw light on Hafiz Saeed's anti-India operations: Police August 17, 2013

    New Delhi: The Delhi Police on Saturday made one of the biggest breakthroughs in terror investigations with the arrest of top Lashkar-e-Toiba bomb expert Abdul Karim Tunda. The police arrested Tunda on Friday from the Indo-Nepal and said that it has confiscated a Pakistani passport from him. ...
  • Cong dares Dhumal to disclose assets, source of income June 14, 2013

    Shimla: State Congress leaders have dared former Chief Minister Prem Kumar Dhumal and his MP son Anurag Thakur to declare their assets and sources of income. Himachal Pradesh Chief Parliamentary Secretaries Rakesh Kalia, Sohan Lal Thakur, Inderdutt Lakhanpal and Ajay Mahajan, all MLAs, issued a joint statement on Thursday defending...
  • Saudi prince sues Forbes after it says he's only worth $20 bn: Report June 8, 2013

    London: Saudi billionaire Prince Alwaleed bin Talal has sued Forbes magazine for libel in a British court, alleging its valuation of his wealth at $20 billion was short of the mark by $9.6 billion, Britain's Guardian newspaper reported on Friday. The prince, a grandson of Saudi Arabia's founder and nephew...
  • Badal meets JDU, TMC, AIADMK leaders on wealth tax issue April 30, 2013

    New Delhi: In a bid to build consensus over immediate roll-back of wealth tax on agriculture land, Punjab Chief Minister Parkash Singh Badal met leaders of Janata Dal (United), Trinamool Congress (TMC) and AIADMK in Delhi on Monday seeking their support for the cause. Badal, accompanied by his deputy and...
  • Azim Premji, the philanthropist tycoon, sets an example February 23, 2013

    The third richest Indian, Wipro chairman Azim Premji, has done it again. Setting an example for the other billionaires in the country, the Wipro Chairman on Friday transferred shares worth about Rs 12,300 crore to his philanthropic arm, the Azim Premji Trust. This is the largest philanthropic transfer by any...
  • Premji transfers Wipro stock worth Rs 12,300 cr to trust February 23, 2013

    Bangalore: Giving more to philanthropy, IT czar Azim Premji on Friday announced transfer of 295.5 million equity Wipro shares worth Rs 12,300 crore held by certain entities controlled by him, to an irrevocable trust. The trust will utilise the endowment to fund, various social, not-for-profit initiatives of Azim Premji Foundation,...
  • Azim Premji pledges to donate huge chunk of his wealth February 20, 2013

    Bangalore: The third richest Indian is giving it away in charity. At a time when crores are bungled and tucked away in Swiss accounts, Wipro chairman Azim Premji becomes the first Indian to sign up for the Gates-Buffet International Giving Pledge. On February 25, 2009, Azim Premji had said, "Whatever you...
  • The secret at the world's most expensive bank November 20, 2012

    Bangalore: When reports surfaced in July that Indian newspaper publisher Deccan Chronicle Holdings was struggling for survival, several of its creditors were caught off-guard. Not HDFC Bank. Even as Deccan, which also owned a glitzy cricket team, sought to reassure markets that it held enough assets to stave off a crisis,...
  • 'India's 7,730 super rich collectively own $ 925 bn' September 17, 2012

    New Delhi: India is home to as many as 7,730 ultra high net worth (UHNW) individuals whose combined wealth amounts to a whopping $ 925 billion, says a study. According to the world ultra wealth report 2012-13, by Wealth X, a global wealth intelligence and prospecting company, India has 7,730...
  • FTN: Are benami transactions bedrock of electoral politics? September 11, 2012

    An exhaustive survey done by association for democratic reforms which shows how political parties are consistently increasing their wealth. ...
  • 'UPA colluding with pvt firms to loot natural wealth' August 18, 2012

    Coimbatore: The CAG report on the loss to the tune of Rs 1.86 lakh crore to government by nominating coal blocks is a clear case that UPA government was colluding with private firms to loot natural resources in the country, CPI(M) General Secretary Prakash Karat said on Friday. By nominating...