INDIAN BUSINESS TYCOON
Aishwarya Rai and daughter Aaradhya pose separately from Bachchan clan at Anant Ambani's lavish wedding
At the star-studded wedding of Anant Ambani and Radhika Merchant, the Bachchan family, including Amitabh, Jaya, Abhishek, Shweta, Nikhil, Navya, and Agastya, posed together for photos. However, Aishwarya Rai Bachchan and her daughter Aaradhya posed separately, sparking curiosity and comments from fans. The event, held at the Jio World Centre, was attended by global celebrities and Indian film and cricket stars.
Billionaire Goenka slams US restaurant charging Rs 1400 for a piece of dosa
The 'All Day Breakfast' menu at the unnamed restaurant offers whimsically named dishes such as the "naked crepe" for dosa, "dunked doughnut delight" for vada, and "dunked rice cake delight" for idli. Although these playful names might amuse you, the prices are likely to be quite surprising.
Hinduja family members get jail term for to up to 4.5 years for exploiting servants; family issues statement
Hinduja family members jal: A Swiss criminal court has sentenced four members of the wealthy Hinduja family to between four and 4 1/2 years in prison for exploiting their domestic workers. The court, however, dismissed more severe charges of human trafficking. The family members were accused of exploiting mostly illiterate Indian workers at their Geneva villa, including withholding passports, paying in Indian rupees instead of Swiss francs, and imposing long working hours under restrictive conditions.
Who was Ramoji Rao? Here's all about Eenadu and Ramoji Film City founder who passed away in Hyderabad
Ramoji Rao passed away while receiving treatment at Star Hospital in Hyderabad. His legacy continues to inspire many in the fields of media, cinema, and business. The impact of his work will be remembered and cherished for generations to come.
Ramoji Rao, founder of Ramoji Film City, passes away
Ramoji Rao News: Rao was the head of the Ramoji Group, which includes the globally renowned Ramoji Film City, the largest film production facility in the world. His media empire also encompasses the Eenadu newspaper, the ETV Network of television channels, and the film production company Usha Kiran Movies.
Ambanis’ pre-wedding tour expected to add steam to demand for cruise celebrations
The Ambani pre-wedding cruise celebration is set to boost demand for cruise weddings in India, with industry insiders like Cordelia Cruises and Lotus Aero Enterprises noting the allure of all-inclusive packages and mesmerizing ocean views.
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India bankers brace for IPO surge as election uncertainty lifts
About $3.9 billion has been raised in India via IPOs so far this year, more than double the same period in 2023, and a tally that’s higher than the combined amount raised in South Korea and Hong Kong, according to data compiled by Bloomberg.
Anand Mahindra has a ‘Kalki’ connection! Business tycoon says his team created a key character in Prabhas-starrer
When not occupied with expanding his business empire or offering insights on X, business magnate Anand Mahindra is recognized for supporting creative ventures. Recently, the Chairman of the Mahindra Group disclosed that the Chennai team at Mahindra Research Valley assisted in the development of a custom-made robotic vehicle called Bujji for the upcoming film 'Kalki 2898 AD', starring Prabhas.
Sachin Tendulkar spends ‘memorable’ Sunday with Ratan Tata; here's what kept them busy!
On Sunday, Sachin Tendulkar, cricket's GOAT (greatest of all time), had a meeting with distinguished business magnate Ratan Tata, the former chairman of Tata & Sons. The two icons engaged in a deep conversation about their shared interests, including cars, wildlife conservation, and philanthropy.
Is Anand Mahindra planning to launch a luxury cruise ship? Tycoon drops pic of world’s largest cruise vessel, triggering speculations
Business magnate Anand Mahindra took to his social media handle on Sunday to share a captivating image of a luxurious cruise ship, disclosing that the ship has been fully booked until May 26. Additionally, he expressed his aspiration for India to venture into the creation of its own cruise ships, foreseeing a future where Indians, being one of the largest tourist demographics globally, will contribute significantly to the cruise industry.
PM Modi, Ambani, Adani reshaping India to become economic superpower: CNN report
India is poised to become a 21st-playing a fundamental role in shaping the economic superpower the country will become in the coming decades, according to a CNN report
Did you know Anand Mahindra's old high school is where 'Archies' was shot? Billionaire shares trivia from 'memory bank'
The business magnate reflected on the filming history of the location, citing examples like 'The Archies' and the web series 'Big Girls Don’t Cry.' He fondly recalled his childhood days when Southern films were a common sight being shot there. He even shared a personal anecdote of witnessing the filming of the 1968 movie 'Nervazhi.'
View: The ‘Modi-fication’ of India is still thrilling markets
In late 2013, Goldman Sachs Group Inc. expressed optimism about India amidst a growth slowdown, titling its report "Modi-fying Our View," referring to Narendra Modi, then a favored prime ministerial candidate. However, a decade later, Modi's zeal for reform has waned, with the BJP's promises now more modest. Despite this, global financial industry support for Modi remains high, with expectations of increased overseas capital post-elections. This new investor-Modi compact focuses on what he won't do, such as following authoritarian paths like China's Xi Jinping or pursuing ultra-low interest rates like Turkey's Erdogan. With a favorable environment for investors, Modi's potential third term is anticipated to bring increased investment, guided by discretionary incentives and protective trade barriers.
Singapore's Indian-origin former minister faces eight fresh charges for alleged corruption
Iswaran, 61, pleaded not guilty to the new charges. The development comes barely a week after he returned to Singapore from a court-approved trip to Australia, which was extended due to his illness.
Jamnagar soars to global limelight: Ambani's grand event draws praise, pride from locals
Jamnagar is preparing for the high-profile pre-wedding celebrations of Anant Ambani and Radhika Merchant, which has gained global attention. The city has become the epicentre of a monumental event orchestrated by visionary business tycoon Mukesh Ambani, attracting international personalities like Mark Zuckerberg, Shakira, Bollywood, and the Indian cricket team. Locals express joy, gratitude, and a profound sense of pride, expressing their gratitude for the transformative impact Ambani's grand event has had on Jamnagar.
2023 drilled $35 billion hole in tycoon Gautam Adani's wallet
In pre-Hindenburg days, the maverick businessman's wealth saw a gravity-defying one-way movement that took him to the position of world's second richest man for a brief period. With his fortune being estimated at around $85 billion, Adani is now the second richest Indian after Mukesh Ambani.
Tycoon Sunil Mittal’s Uganda IPO flops as investors prefer bonds
Airtel said it managed to raise 211.4 billion shillings ($56 million) after selling 54.5% of the 8 billion shares on offer. Retail investors bought just 0.3% of the IPO. Shares were unchanged at 100 shillings on its debut on Tuesday.
View: Indian tycoons Ambani and Adani won't step on each other's toes
Indian billionaire Gautam Adani is recasting his conglomerate and focusing on core infrastructure business, instead of engaging in direct competition with his biggest rival Mukesh Ambani. Adani, who is grappling with governance issues and allegations of manipulation and undisclosed transactions, has sold his consumer finance franchise to Bain Capital, and reportedly exploring the sale of his $2.6bn stake in Adani Wilmar.
Meet the tycoon who built a fortune by lending to low-income borrowers shunned by banks
Shriram Group's R Thyagarajan is arguably one of the world’s most idiosyncratic financiers — in no small part because his multibillion-dollar business has thrived in an industry that tripped up countless others around the globe. A pioneer in extending credit to India’s poor for trucks, tractors and other vehicles, Thyagarajan built Shriram into a conglomerate that employs 108,000 people in everything from insurance to stockbroking.
Indian tycoon Pankaj Oswal buys one of world's costliest houses
Indian-origin billionaire Pankaj Oswal and his wife Radhika Oswal have recently acquired one of the most expensive residences in the world, situated in Switzerland. This luxurious home, called Villa Vari, was purchased for a staggering amount of Rs 1,649 crore.
Suits & Sayings: Spring returns for multimillionaire; fintech CEO's last-moment salary revision plan when new hires dropping off; steel tycoon to host board of US-based investment bank at his Lutyen's Delhi mansion
The strange case of a brother battling his younger sister and her husband for a company that’s worth barely a fraction of his personal fortune has raised eyebrows.
Scrutiny of Indian tycoons deals a blow to PM Modi’s privatisation drive
India's much-touted privatization drive, aimed at solving public finances, has been slow, with only one major sale since 2014. Seven listed companies are marked for privatization, but the market capitalization of these firms is currently at about $25bn. While Indian officials are scaling back their expectations, a tough financial climate has affected India's tycoons who could buy assets in the privatization programme.
UK Opposition calls for freeze of Indian rice tycoon's donation to Conservative Party
Karan Chanana, head of the global rice brand Amira, is being investigated by ED over claims that bank loans were unlawfully diverted into shell entities and is yet to respond to the allegations. He is believed to have donated around GBP 220,000 to the Conservatives through his British company Amira G. Foods since September 2019.
Billionaire mining tycoon Anil Agarwal fights to clear debt
Anil Agarwal's Vedanta Resources is facing one of its toughest challenges yet with close to $2bn of bonds due for settlement in 2024, and half due in January. Risking being cut deeper into junk status and losing funding, Vedanta is looking to raise cash at a time when India's business elite is under increased scrutiny.
Tycoon Anil Agarwal claims to turn Vedanta a zero-debt company amid investor sell-off, increased scrutiny
“Everybody wants to finance us,” Agarwal told the Financial Times in an interview, citing Indian banks and “American funds”, which he declined to name. Vedanta was in talks with JPMorgan and other banks for a $1 billion loan, with an interest rate of 8%-10%, he added. Vedanta borrowed $400 million from Howard Marks’ Oaktree Capital Group in 2020.
Gautam Adani: The Indian tycoon weathering stock market panic
On New Year's Day in 1998, Adani and an associate were reportedly kidnapped by gunmen demanding a $1.5 million ransom, before being later released at an unknown location.
These two business tycoons bought Adani shares amid short seller fight
The participation by some of India’s biggest corporate names, some with potentially rival business interests, comes as the Hindenburg Research allegations against Adani are seen by some domestically as threatening the country’s economy at large.
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