Bonjour, new guests from small-town India
Puneet Dhawan of Accor is brimming with ideas on ways to revive the hospitality sector
Reliance Industries Chairman Mukesh Ambani - THE HINDU
The fortunes of Mukesh Ambani are closely tied up with the ebb and flow of the stock market, and now with the Sensex touching the 50,000-mark, the billionaire has also moved up two slots in the global rich list.
The Chairman and Managing Director of Reliance Industries Ltd (RIL) is now the seventh richest man globally with a net worth of $91 billion.
However, Zhong Shanshan, Chairman of the Chinese bottled-water company Nongfu Spring, continues to be the richest Asian with a networth of $100 billion, and ranks the sixth richest globally. Zhong with a networth of $93.8 billion as of January 8 had dethroned Ambani (with a networth of $88 billion then) to become the richest Asian, according to data collated by Hurun Research.
Hammered by a fall in share prices, Ambani’s wealth had fallen to $83 billion as of January 8 from $88 billion posted in September last year, pushing him down to the ninth position from eighth in December.
Ambani, who was ranked the ninth richest man in the global rich list for two consecutive years, 2019 and 2018, had even moved up to fourth place in August 2020.
Riding on the BSE’s surge and a SEBI approval for a deal with Kishore Biyani-led Future Group, RIL’s share price moved up 2.09 per cent to close at ₹2,097.85 on Thursday. Earlier on September 16, 2020, the stock had breached the 52-week high of ₹2,368.80, while the 52-week low of ₹867.82 was recorded on March 23, 2020.
“The quick turnaround of the Indian stock market post lock-down indicates that Indian wealth creators have preserved and beaten the Covid-19 impact. For instance, an investment, at the right price, in the companies founded by top 100 in IIFL Wealth Hurun India Rich List would have registered almost 50 per cent year-on-year returns,” Hurun India Managing Director and Chief Researcher Anas Rahman Junaid said.
Tesla CEO and founder Elon Musk topped the charts with a wealth of $197 billion, followed by Amazon founder Jeff Bezos with a wealth of $191 billion, while Microsoft co-founder Bill Gates with a networth of $128 billion came in third.
Louis Vuitton SE group head Bernard Arnault ($115 billion), Facebook founder Mark Zuckerberg ($106 billion), Berkshire Hathaway CEO Warren Buffett ($90 billion), former Microsoft CEO Steve Ballmer ($83 billion), and Google co-founders Larry Page ($83 billion) and Sergey Bin ($83 billion) are the others in the list.
Puneet Dhawan of Accor is brimming with ideas on ways to revive the hospitality sector
Citroen’s first vehicle sports a novel design and European interiors. It is also meant to be as comfortable as ...
The pandemic is only the tip of the iceberg that the country’s cash-poor airlines — both regional and national ...
The government is yet to specify the framework of its recently announced old vehicle scrappage policy
Here is a checklist that equips you to discern the market nuances
Sensex, Nifty 50 have witnessed sharp decline
The fund has consistently outperformed S&P BSE 100 TRI over one, three and five years
Returns are superior to immediate annuity plans, but SCSS can secure better rates for new investors sooner if ...
With the public looking beyond mainstream media for reports from the ground, independent digital platforms are ...
A book on Badri Narayan is a tribute — albeit a belated one — to an artist who did not enjoy the recognition ...
The country hasn’t had a quiet moment since the military seized power on February 1
The Tatmadaw sees itself as an embodiment of the nationalist soul of Myanmar. But their brand of nationalism ...
Its name is the starting point of a brand’s journey and can make a big difference in the success sweepstakes
Sober spirits are the in thing
A peek into where ad spends went last year and where they are headed tomorrow
Can Swiggy Instamart disrupt the ecommerce groceries space, currently ruled by the Amazons and Big Baskets? ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor