India Uber-rich

Mukesh Ambani is betting a shopping palace within a $1 billion Mumbai business showcase will tap into surging demand for Western luxury goods, installing his Reliance empire as a portal through which most of the biggest brands must pass.

The Lamborghini Urus has turned out to be a money-spinner for the brand globally. The SUV has found a lot of acceptance among the uber-rich, and there's certainly a liking towards one of the world's fastest SUVs that makes it so popular. In India too, Lamborghini has sold over 50 units of the Urus in a year with the performance SUV finding home ami...

India has seen the fourth biggest outflow of high net worth individuals globally in 2015 with shifting of 4,000 millionaires overseas, says a report.

There are 2,080 ultra high net worth individuals in India with wealth of over USD 50 million, and the number of dollar millionaires in the country is projected to touch 3,05,000 in the next five years, says Credit Suisse Global Wealth Report.

The report, however, noted that while wealth has been rising strongly in India and the ranks of the middle class and wealthy have been swelling, not everyone has shared this growth and there is still a great deal of poverty.

Mukesh Ambani is betting a shopping palace within a $1 billion Mumbai business showcase will tap into surging demand for Western luxury goods, installing his Reliance empire as a portal through which most of the biggest brands must pass.

The Lamborghini Urus has turned out to be a money-spinner for the brand globally. The SUV has found a lot of acceptance among the uber-rich, and there's certainly a liking towards one of the world's fastest SUVs that makes it so popular. In India too, Lamborghini has sold over 50 units of the Urus in a year with the performance SUV finding home ami...

India has seen the fourth biggest outflow of high net worth individuals globally in 2015 with shifting of 4,000 millionaires overseas, says a report.

There are 2,080 ultra high net worth individuals in India with wealth of over USD 50 million, and the number of dollar millionaires in the country is projected to touch 3,05,000 in the next five years, says Credit Suisse Global Wealth Report.

The report, however, noted that while wealth has been rising strongly in India and the ranks of the middle class and wealthy have been swelling, not everyone has shared this growth and there is still a great deal of poverty.