Mukesh Ambani has served as chairman and managing director of the multi-industry conglomerate Reliance Industries for the past 20 years. After the passing of his father, Dhirubhai Ambani, the founder of Reliance, in July 2002, Ambani assumed control. The market capitalization of the conglomerate was Rs 41,989 crore when Ambani took over the helm. The […]
Ratan Tata, an Indian corporate magnate and philanthropist, will turn 85 on Wednesday, December 28. He is currently the Chairman Emeritus of Tata Sons. He has 118 lakh Twitter followers, making him one of the most well-liked business people not just in India but around the world. According to the IIFL Wealth Hurun India Rich […]
According to the Centre for Economics and Business Research, India’s progress toward becoming the third economic powerhouse and reaching the $10 trillion milestone by 2035 appears “unstoppable” (CEBR). India’s yearly GDP growth rate is anticipated to average 6.4% over the following five years before increasing to an average 6.5% over the following nine years. According […]
India’s most prominent business tycoon died in 2022. The list given below: Rakesh Jhunjhunwala Rakesh Jhunjhunwala, 62, died on August 14, 2022, in Mumbai. He was dubbed India’s Warren Buffett. He was a chartered accountant as well as a trader. He was Aptech and Hungama Media’s chairman. Rahul Bajaj Rahul Bajaj, the former chairman of […]
In order to boost women’s economic development in India, the Mahindra Group and the Bill & Melinda Gates Foundation have signed a memorandum of cooperation. The Mumbai-based multinational firm said in a statement that the two-year memorandum of cooperation (MOU) represents an important step toward realising its environmental, social, and governance (ESG) pledge to have […]
As of 2022, 8,000 HNIs (high net worth individuals) have left India. In terms of HNI movements, the nation comes in third place, after only China and Russia (15,050 and 10,000 respectively). HNIs are those with a net worth of $1 million or more. Following India, with 3,000 and 2,800 millionaires each, Hong Kong and […]
According to a statement released by the Adani Group here today, employees from operational areas including production, maintenance, and quality would be transferred to three grinding plants at Ropar, Bathinda, and Nalagarh and three integrated units at Marwar Mundwa, Rabriyawas, and Lakheri. On December 15, the Adani Group shut down production at ACL, Darlaghat, and […]
According to sources, Mumbai-based NBFC Cosmea Financial Holdings withdrew from the competition to purchase the heavily indebted Reliance Capital Ltd (RCL) through an insolvency managed bid procedure. Sources claim Piramal Group is still interested in the auction process notwithstanding Cosmea and Piramal Group’s attempt to purchase the former company of the Anil Ambani Group. Sources […]
Following reports that Mukesh Ambani, chairman and managing director of Reliance Industries, was interested in purchasing English Premier League clubs Liverpool and Manchester United, the renowned Indian businessman is back in the news and is now saying that he would prefer to purchase Arsenal over any other team. Akash Ambani, the son of Mukesh, is […]