The United States has reclaimed its position as the world’s leader in billionaires, surpassing China for the first time since 2016, according to the latest Hurun Global Rich List.The US now boasts 870 billionaires—an increase of 70 from the previous year—while China follows with 823 billionaires, adding just nine to its tally. This marks a…
The tax demand constitutes a significant portion of Samsung’s net profit in India, which stood at $955 million last year. (AFP Photo) India’s tax authorities have demanded Samsung and its local executives to pay $601 million as back taxes and penalties for allegedly evading tariffs whilst importing essential telecommunications equipment, a Reuters report says. This…
By offering dresses starting as low as Rs 199, billionaire Mukesh Ambani-led Reliance Retail has now sparked a fast fashion war in India by relaunching Shein and taking an online-first approach to challenge both Tata Group’s Trent-owned Zudio and Nykaa Fashion. While India’s overall fashion market grew just 6 per cent in FY24, the fast…
Reliance Industries chairman Mukesh Ambani has a piece of advice for young students. Speaking at the 12th convocation of Pandit Deendayal Energy University (PDEU), Ambani said that while students should be good at using artificial intelligence (AI), they should not give up on their own critical thinking. He said: “Talking of Artificial Intelligence, I have…
PRAYAGRAJ: Billionaire Gautam Adani’s younger son Jeet will get married next month in a simple ceremony, without any pomp and show and celebrities.Adani, on Mahakumbh pilgrimage with his family, scorched speculations of a star-studded wedding of his son Jeet with Diva Shah, daughter of Surat diamond merchant Jaimin Shah. “It will be a very simple,…
As the United States ushers in its 47th President, Donald Trump, a number of prominent Indian figures will be in attendance. From diplomats to business magnates, these individuals are set to play key roles at the high-profile event in Washington DC.EAM Jaishankar: A diplomatic presenceExternal affairs minister S Jaishankar will represent Prime Minister Narendra Modi…
Conor McGregor and Logan Paul (Photo credit: X) Conor McGregor has hinted at a spectacular return to combat sports with a boxing exhibition against social media star Logan Paul, scheduled to take place in India in 2025. This announcement marks a shift for the 36-year-old Irishman, whose career has been on hold since a severe…
Reliance chairman Mukesh Ambani and Adani Group founder Gautam Adani are facing multiple threats that are hitting their businesses – and their immense personal wealth. Both Ambani and Adani have tumbled out of the elite centibillionaires club – people with fortunes above $100 billion.Ambani’s energy and retail businesses have been underperforming amid rising investor concern…
Currently, both Mukesh Ambani and his contemporary Gautam Adani, are confronting various challenges. India’s richest men, Mukesh Ambani and Gautam Adani, have seen their net worth drop below the $100 billion mark in the last few months. Currently, both Mukesh Ambani, who leads Reliance Industries Ltd, and his contemporary Gautam Adani, who established the Adani…
The ranking methodology by Motilal Oswal involves listing the top 100 companies in descending sequence based on absolute wealth created. (AI image) Mukesh Ambani-led Reliance Industries has emerged as the biggest wealth creator stock over 2019-24, according to a study report by Motilal Oswal Financial Services. According to the 29th Annual Wealth Creation Study of…
