Indian Billionaires

Middle East Funds Eye Stakes in Reliance Retail: Report

Reuters | Thursday September 10, 2020

Middle East sovereign wealth funds, including the Abu Dhabi Investment Authority (ADIA) and Saudi Arabia's Public Investment Fund (PIF), are in talks to buy stakes in the retail arm of Indian billionaire Mukesh Ambani's Reliance Industries Ltd, the Financial Times reported on Wednesday.

The Only Indian Billionaire To Get Richer Under Coronavirus Lockdown

India News | P R Sanjai and Anto Antony, Bloomberg | Wednesday April 8, 2020

The only Indian tycoon whose net worth is unscathed as the deadly coronavirus roils markets worldwide can thank nation's hoarders with millions scrambling to stock up on staples amid the world's biggest isolation effort.

Indian Billionaire's Fall After Jet-Setting Lifestyle, Bollywood Parties

India News | Ben Stupples and Lisa Pham, Bloomberg | Thursday February 20, 2020

Bavaguthu Raghuram Shetty was once a typical billionaire with a taste for the high-life.

63 Indian Billionaires Have More Money Than The Union Budget For 2018-19: Oxfam

India News | Press Trust of India | Monday January 20, 2020

India's richest 1 per cent hold more than four-times the wealth held by 953 million people who make up for the bottom 70 per cent of the country's population, while the total wealth of all Indian billionaires is more than the full-year budget, a new study said on Monday.

Adani, Targeted By Greta Thunberg, Undeterred By Protests For Australia

India News | PR Sanjai, Bloomberg | Monday January 13, 2020

The Adani conglomerate coming under increasing pressure over its controversial coal mine in Australia said it won't let protests dissuade it from completing the project. The group, controlled by Indian billionaire Gautam Adani, is responding to an uptick in scrutiny over the Carmichael development, including from high-profile teen activist Greta Th...

Opinion: $680 Million Question of What Anil Ambani Knew

Business | Andy Mukherjee | Bloomberg | Wednesday December 18, 2019

The $680 million is the amount Industrial & Commercial Bank of China Ltd. is seeking to recover from the former Indian billionaire by invoking what they say is a personal guarantee he gave in 2012 to secure a $925 million loan for Reliance Communications Ltd., his mobile services firm that's now in bankruptcy.

Why 5G Is The Next Headache For Some Of India's Billionaires

Business | PR Sanjai, Bloomberg | Thursday June 20, 2019

Operators may soon decide how much more pain they can endure for a high-speed wireless network that can offer better user experience.

India's Richest 1% Hold More Than Half Of National Wealth: Oxfam

Business | Press Trust of India | Monday January 21, 2019

According to the Oxfam report, India added 18 new billionaires last year, raising the total number of billionaires to 119, while their wealth crossed the $400 billion (Rs 28 lakh crore) mark for the first time.

Indian Billionaires' Wealth Grew By Rs 2,200 Crore Daily In 2018: Report

India News | Indo-Asian News Service | Monday January 21, 2019

The fortunes of Indian billionaires grew by an astronomical 35 per cent per day last year, or by Rs 2,200 crore daily, while the poorest 10 per cent of the country have continued to remain in debt since 2004, according to an Oxfam report released today.

Wealth Of 9 Richest Indians Equivalent To Bottom 50% Of Country: Report

India News | Press Trust of India | Monday January 21, 2019

Indian billionaires saw their fortunes swell by Rs 2,200 crore a day last year, with the top 1 per cent of the country's richest getting richer by 39 per cent as against just 3 per cent increase in wealth for the bottom-half of the population, an Oxfam study said on Monday.

US Top Court Declines Indian Billionaire's Appeal In Beach Access Suit

World News | Reuters | Tuesday October 2, 2018

The US Supreme Court handed a victory to proponents of open access to California's coastline on Monday, declining the appeal of a billionaire venture capitalist seeking to keep a popular beach locked behind a gate as his exclusive property.

Indian Billionaire's Daughter UK's "Poshest" Student, Says British Media

Indians Abroad | NDTV News Desk | Wednesday September 12, 2018

An Indian billionaire's daughter who will stay in a mansion and has a dozen staff including a chef to look after her at university in Scotland is making waves in the UK media.

How FedEx-ed Diamonds Were Central To Nirav Modi's Big Scam

India News | Josh Saul, Bloomberg | Thursday August 30, 2018

PNB fraud: The price of the large yellow diamond alternately shrank and spiked by about a million dollars as it moved across the globe. The three-carat gem was shipped at least four times between shadowy companies allegedly controlled by Indian billionaire Nirav Modi over about five weeks in 2011, according to a report by a U.S. bankruptcy examiner...

Nirav Modi Stayed In Flat Above London Jewellery Store: Report

India News | Press Trust of India | Sunday June 24, 2018

Indian billionaire Nirav Modi was living in a flat just above his jewellery store in the posh Mayfair area of London while he was being hunted in India for an alleged money laundering case linked to over $2 billion, according to a media report.

Total Wealth Of Indian Billionaires Is 15% Of GDP, Says Oxfam

Business | Press Trust of India | Thursday February 22, 2018

The wealthiest in India have cornered a huge part of the wealth created in the country through crony capitalism and inheritance, the report said.