Forbes’ 2023 list of the World’s Billionaires features a record number of 169 Indians, surpassing last year’s count of 166. However, their collective fortune took a hit, declining by 10 per cent to $675 billion, a decrease from the $750 billion recorded on the 2022 list. In this list, we also have a host of … Read more
(This story originally appeared in on Jan 31, 2023) MUMBAI: The massive sell-off in Adani Group stocks continued for the third consecutive session on Monday, wiping out nearly Rs 1.4 lakh crore worth of investors’ wealth. In all, about 29% of the group’s market capitalisation, or about Rs 5.6 lakh crore, has been eroded in … Read more
Adani Group has become India’s most valuable business house in terms of market value of its companies, surpassing the Tata Group. The completion of the acquisition of Ambuja Cement and helped Adani overtake the Tata Group. The combined market capitalisation of the Adani Group, including the newly-acquired Ambuja and ACC, stood at ₹22.25 lakh crore … Read more
Reading Naushad Forbes’ book The Struggle and the Promise, several cartoons by RK Lakshman and little quotes from the works of PG Wodehouse come as a surprise in a book on economics. Clearly, the author has a great sense of humour that is displayed through the book, which otherwise provides a purely capitalist view on … Read more
The boss of a Shanghai-based property developer lost more than a billion dollars Monday, as fears over the potential collapse of Chinese real estate giant Evergrande sent panic across Hong Kong trading floors. Zhang Yuanlin, chairman of Sinic Holdings Group, saw his net worth drop from $1.3 billion Monday morning to $250.7 million by the … Read more
OnePlus Nord 2 launch date is set for July 22. Ahead of its debut, CEO Pete Lau has shared the company’s future plans for its popular mid-range series. In a recent interview, Lau said that OnePlus is looking to sell 25 million Nord units by 2023. OnePlus launched the first Nord smartphone in July last … Read more