NEW DELHI: Billionaire Gautam Adani has once again claimed the title of Asia’s richest person, overtaking Mukesh Ambani on the Bloomberg Billionaires Index. Adani’s net worth has surged to an impressive $111 billion, placing him at the top of the list of Asia’s wealthiest individuals.Adani is at the 11th place and Mukesh occupies 12th slot…
Anant Ambani, the youngest son of Reliance Industries Chairman Mukesh Ambani, and Radhika Merchant, daughter of industrialist Viren Merchant, are set to tie the knot on July 12. Ahead of their much-anticipated wedding, the Ambanis and the Merchants have hosted a grand pre-wedding celebration on a luxurious cruise. The extravagant journey, which began in Italy,…
NEW DELHI: Having represented both the champion sides Chennai Super Kings and Mumbai Indians during his Indian Premier League career, middle-order batter Ambati Rayudu on Monday compared the work culture at both franchises, saying winning is non-negotiable for the Mumbai-based side.Both Chennai and Mumbai have five IPL titles each — joint highest in the league…
RIL Q4 results: Mukesh Ambani-led Reliance Industries on Monday reported a Profit After Tax (PAT) of Rs 18,951 crore for the fourth quarter of the financial year ending March 31, 2024. India’s largest by market value reported a near 2% fall in fourth-quarter profit to $2.27 billion, hurt by higher expenses. According to the company…
MUMBAI: In a first, the sub-continent’s wealthiest billionaires who are also among world’s richest industrialists, Mukesh Ambani and Gautam Adani, are entering a ‘power’ deal. Ambani will pick up a minority stake in a power unit of Adani, their companies announced Thursday. Ambani’s Reliance Industries will purchase 26% in Mahan Energen, a wholly owned subsidiary…
NEW DELHI: Mukesh Ambani‘s Reliance Industries has acquired a 26 per cent stake Gautam Adani’s power project in Madhya Pradesh. Reliance eyes to utilize 500 MW of electricity from the project for its captive use.The agreement involves Reliance purchasing 5 crore equity shares in Mahan Energen Ltd, a subsidiary of Adani Power Ltd. The deal,…
MUMBAI: There are now more billionaires in Mumbai’s 603 sq km than there are in Beijing’s over 16,000 sq km. By overtaking the Chinese megalopolis, Mumbai has become Asia’s billionaire capital for the first time.While China has 814 billionaires compared to India’s 271, Mumbai hosts 92 billionaires against 91 in Beijing, Hurun Research‘s 2024 Global…
India’s Arvind Fashions reported a 18.9% rise in the second-quarter profit on Tuesday, aided by healthy sales of clothing and footwear and as power brands helped it maintain wider margins. The Bengaluru-based company’s consolidated net profit rose to 216.6 million rupees ($2.60 million) for the quarter ended Sept. 30 from 182.2 million rupees a year…
British retailer Marks & Spencer (M&S) said it is opening a store every month in India, accelerating their outlet expansion though a quarter of their sales comes from online channels. India is already its largest international market outside home in terms of store network with 100 stores opened in the last 15 years. “If you…
India‘s Shoppers Stop on Wednesday posted a 83.2% fall in second quarter profit as the department store was hit by rising expenses and weaker demand, with customers delaying purchases of clothes and cosmetics due to a late festive season. The festive season in India – which started in September last year – brings in the…
