WEALTHY
Why is Singapore the world’s most expensive city?
A report by a Swiss bank has noted that Singapore is the world’s most expensive city. Hong Kong, London, Shanghai and Monaco are some of the other cities in the ranking.
Why is this version of Bible in demand even after 500 years of its printing?
What is a Gutenberg Bible? The term refers to each of the two-volume Bibles printed in Gutenberg's workshop around 1454.
Who is Sonakshi Sinha’s husband? From Salman Khan connection to failed debut, all you need to know about Zaheer Iqbal
Zaheer Iqbal hails from an affluent family. His father, Iqbal Ratansi, is both a jeweler and a businessman, while his mother is a homemaker. His sister is a celebrity stylist, and his younger brother is a computer engineer. The family maintains a close relationship with Salman Khan, as highlighted by a childhood photo of Zaheer with the actor.Zaheer debuted in Bollywood with the 2019 romantic drama 'The Notebook,' where he starred alongside Pranutan Bahl, Kajol's niece. The movie, produced by Salman Khan, is an adaptation of the Thai film 'The Teacher’s Diary.'
Social media reacts to UK PM Rishi Sunak's 'no Sky TV' childhood, video goes viral
UK Prime Minister Rishi Sunak's recent remarks about his childhood experiences, including the absence of luxuries like Sky TV, have sparked criticism on social media. Sunak, born to parents of Indian origin, highlighted his family's sacrifices and values of hard work. However, his comments, given his considerable wealth and privileged background, have led to questions about his understanding of ordinary people's struggles. Despite attempts to connect with the public, Sunak's wealth and upbringing continue to be subjects of scrutiny, raising broader debates about privilege and representation in British politics.
'Big Little Lies' Season 3 confirmed by Nicole Kidman; new book by Liane Moriarty in works
Nicole Kidman has confirmed that a third season of the hit HBO series "Big Little Lies" is in the works. In an interview with Vanity Fair alongside co-star Reese Witherspoon, Kidman revealed that author Liane Moriarty is currently writing a new book in the series, which will serve as the basis for the upcoming season. The show, which revolves around the lives of four women in a wealthy Californian town and the fallout from a murder, was initially conceived as a limited series but found great success.
Handwritten manuscript of Camus' 'The Stranger' may fetch 800k euros at auction
The 104-page draft is expected to reach between 500,000 and 800,000 euros at the Tajan auction house in Paris.
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Heeramandi is now a food hub! Pakistani influencer shares current state of Diamond Bazaar
Heeramandi was founded at the initiative of Hira Singh Dogra, who held the position of prime minister in the Sikh Kingdom of Lahore from September 17, 1843, to December 21, 1844. Hira Singh, the offspring of Dhian Singh Dogra, a respected general under Maharaja Ranjit Singh, took a notable step to strengthen the regional economy.
Lok Sabha polls: 2,572 crorepatis; 1,643 candidates with criminal cases in fray
As India braces for Lok Sabha election results on Tuesday, there are 2,572 candidates who are crorepatis while 1,643 candidates have criminal cases registered against themselves, according to poll rights body ADR. An analysis by the Association for Democratic Reforms (ADR) and National Election Watch has shed light on the profiles of the candidates.
Rich nations met $100 bn climate finance goal two years late: OECD
Wealthy countries finally met the $100 billion annual climate aid target for poorer nations in 2022, two years late, as per the OECD. The delay has damaged trust in climate negotiations as nations aim for a more ambitious goal by November. However, the $100 billion falls short of the estimated $2.4 trillion needed annually by developing nations for renewable energy and climate adaptation.
OpenAI's Sam Altman pledges to donate over half of his fortunes
The move comes after a tumultuous six months for Altman, the co-founder of the San Francisco-based company behind ChatGPT and a venture capitalist who Forbes says amassed much of his $1 billion through investments.
India should impose tax on ultra-wealthy to tackle wealth inequality, says study
The paper titled 'Proposals For a Wealth Tax Package to Tackle Extreme Inequalities in India' propose a comprehensive tax package on the ultra-wealthy to tackle the massive concentration at the very top of the wealth distribution and create valuable fiscal space for crucial social sector investments.
Meet TDP's Dr. Chandra Sekhar Pemmasani, wealthy doctor turned politician contesting from Guntur with assets worth Rs 5,705 crore
Dr Chandra Sekhar Pemmasani, the Telugu Desam Party (TDP) candidate for the Guntur Lok Sabha seat in Andhra Pradesh, is set to debut in the polls as the richest contestant so far, with assets worth Rs 5,705 crore. He replaces another wealthy TDP candidate, Galla Jayadev, in these elections. Pemmasani, a medical doctor and CEO of UWorld, an online learning platform, has a clean record and is known for his philanthropic activities.
AP Assembly Polls: 94% of YSR & TDP candidates are crore-patis, says ADR analysis
The role of money power in our election is evident from the fact that all major political parties have given tickets to wealthy candidates, the ADR analysis said. Among the major parties, 65(94%) out of 175 YSRCP candidates, 134(94%) out of 143 TDP candidates, 18(86%) out of 21 Janasena Party candidates, 8(80%) out of 10 BJP candidates, and 79(50%) out of 158 Congress candidates have declared assets of Rs 1 crore and more.
Mumbai and Delhi feature among the World's Top 50 Wealthiest cities, surpassing Washington DC
Mumbai and Delhi have secured positions among the world's top 50 wealthiest cities, surpassing Washington DC in wealth concentration. This ranking, released by Henley and Partners, highlights the economic prowess of these Indian cities and their growing appeal to high-net-worth individuals (HNWIs).
‘Queen Of Tears’ star Park Sung Hoon says his family faced abject poverty, had to survive on kimchi & water
Sunghoon, a South Korean actor renowned for his roles in dramas like ‘The Glory’ and ‘Queen Of Tears,’ began his career in 2008 with a minor part in the erotic thriller ‘A Frozen Flower.’ His breakthrough came with the horror drama ‘Gonjiam: Haunted Asylum’ (2018) and the romantic drama ‘My Only One’ (2019). Currently, he stars as the antagonist David Yoon in the sitcom ‘Queen Of Tears,’ which has become tvN's highest-rated drama, overtaking ‘Crash Landing On You.’
'Elevate, rather than bringing the successful down', says Raghuram Rajan as he advocates inclusive growth over wealth tax
Raghuram Rajan, former RBI governor, advocates for inclusive growth over wealth tax, emphasizing the need to uplift individuals for economic development. His remarks follow a discussion sparked by Sam Pitroda on wealth redistribution, with Rajan cautioning against excessive taxation of the wealthy. He highlights the importance of examining neglected segments of the economy and suggests policy measures like minimum wage standards for wealth distribution. Rajan also stresses the significance of job creation for social stability and demographic dividends.
View: Being stealthily wealthy and wise is the style statement of the new rich
New wealth doesn't necessarily mean starting from scratch - although that helps one's street cred. They can be young members of old money using good money to seriously upgrade, or even supplant, the old family banyan tree. They understand the value of scaling up, making the right investments, getting out of the wrong ones. Essentially, they're far better at making money work than their older peers.
ETMarkets Smart Talk: Why are arbitrage funds popular among HNIs, Anuj Kapoor decodes
Anuj Kapoor of JM Financial discusses the tax efficiency of arbitrage funds for HNIs and the growth of new millionaires in Tier 2 and Tier 3 cities. He highlights the interest in unlisted opportunities, strategic advisory for family businesses, and the impact of market volatility on investments. Kapoor says: "Funds focussed on the manufacturing, defence, PSUs, which have been underperformers over the last decade, have shown strong performance and have delivered stellar returns."
Indian jewellery bigwigs spread their wings in the US betting on the diaspora
Prominent Indian jewellery brands are expanding in the US despite challenging economic and geopolitical conditions. Luxury brands are capitalizing on the growing market and significant purchases by affluent members of the Indian diaspora. Tanishq, Kalyan Jewellers, and Vummidi Bangaru Jewellers are among those expanding their presence, with Tanishq leading aggressive expansion plans.
GIFTwrap for golden return visa
Golden visa offers citizenship to wealthy Indians. Concerns over exploitation led to restrictions in EU countries. GIFT City in Gujarat provides an 'anti-golden visa' alternative. Mumbai branch proposal aims to attract businessmen back.
How 'burglary tourists' are targetting wealthy residents in the US
Burglary tourists exploit U.S. visa waiver program, alarming surge in luxury home thefts. Criminals' sophisticated tactics challenge law enforcement, prompting national concern.
More Indians in global rich list as Chinese slip, Europeans lag
Hurun's Rupert Hoogewerf discusses the wealth disparities among Indians, Chinese, and UK individuals. He emphasizes the confidence of Indian businessmen and the growth in the number of affluent individuals on the Hurun India Rich List.
Making our country an attractive home for the wealthy will fast-track Viksit Bharat
As Indians, we gravitate to regions that are Indian-friendly and already sustain a diaspora and emigre population. Similarly, it will be important to create a healthy, vibrant environment that could nurture different expat communities.
Joe Biden calls for higher taxes on corporations and the wealthy
President Biden's budget aims to cut deficits by $3 trillion through tax increases. It proposes $5 trillion in additional taxes on corporations and high earners, raising the corporate tax rate, denying deductions for executive pay, and implementing a wealth tax on billionaires.
RS Polls: NDA fields wealthy businessman Kupendra Reddy as fifth candidate from Karnataka
JDS leader Kupendra Reddy has been named as the fifth candidate for the Rajya Sabha election in Karnataka, a move that has caused concerns in the Congress camp. The Congress has named AICC leader Ajay Maken and sitting RS members GC Chandrashekar and Syed Naseer Hussain for the three seats, while the BJP has named former MLC Narayansa Bhandage for the outgoing member Rajeev Chandrasekhar's seat.
BMW targets affluent customers in India’s emerging EV market
BMW aims to expand in India's emerging electric car market and target rich consumers in the country. The automaker expects electric vehicles to represent 25% of its sales in India by 2025. Currently, BMW sells five electrified models in India, the most among all carmakers. Despite the small size of India's EV market and price-conscious consumers' reluctance to buy expensive battery-powered cars without subsidies, global carmakers are increasingly interested in the Indian market due to slowing demand in Europe and the US. Volkswagen and Tesla are also eyeing expansion in India.
Interim Budget: Making India more healthy, wealthy, wise
India has made remarkable strides in health indicators over the last four decades, with infant mortality and maternal mortality improving significantly. These indicators play a significant role in the welfare of society, and maternal and child healthcare receives a comprehensive focus in the budget, rightfully so. If mothers and children are well, women's participation in the workforce will increase.
71 % of India's wealthiest are keen to invest in luxury real estate: Report
71% Wealthy Indians express a desire to invest in luxury real estate in the next 12-24 months, finds India Sotheby’s International Realty’s annual survey.
Stepping outside for a walk
The streets are theatres of daily life, with all its aspects. Living nearby and being able to return home anytime gives you control. Have a snack, eavesdrop on a conversation, observe the dynamics of people before you return 'upstairs'. It can certainly be worth retelling, or even writing.
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