Mukesh Ambani becomes first Indian to enter top 10 of Hurun Global Rich List

Agencies
February 27, 2019

Reliance Industries Chairman and Managing Director Mukesh Ambani has become the first Indian to enter the global top 10 richest billionaire list compiled by Hurun Research.

According to the Hurun Global Rich List 2019 released on Tuesday, Ambani broke into the top 10 in the world for the first time after a $9 billion or20 per cent surge in his wealth to $54 billion.

"The only Asian in the Top 10, Ambani's wealth is based on telecom, retail and energy, and bucked the poor stock market trend in India last year," Hurun Research said in a statement.

"Ambani's flagship Reliance Jio Infocomm announced the launch of international roaming between India and Japan, a first for India's 4G mobile operators to provide VoLTE-based international roaming services in India."

As per the statement, the company expanded its investment in the entertainment sector with acquisitions worth $700 million in Hathway and Den.

"In December, Ambani made world headlines with the high-profile wedding of his daughter Isha, 27, and topped the Hurun India Philanthropy List 2018.

According to the Hurun Global Rich List 2019, India has 104 billionaires. Last year, the country had added 32 billionaires, but this year it lost 28.

"India drops to 5th spot with 104 billionaires, 28 less than last year. With $54 billion, Mukesh Ambani, 61, of Reliance is the richest person in India," the report said.

"Pharmaceuticals, TMT and FMCG led the way, with 18, 15 and 10 billionaires each. Mumbai and New Delhi are the billionaire capitals of the country with 42 and 25 finding residence there.

"The average age was 62, 2 less than the average of the total list. Total wealth is $347 billion. Indian billionaires lost one-fourth of their wealth amounting to $107 billion; 28 lost their billionaire status owing to 10 per cent depreciation of the rupee and below average performance of the capital market," Hurun Research said.

Amazon founder Jeff Bezos tops the list for the second time with a net worth of $147 billion, followed by Microsoft founder Bill Gates with a wealth of $96 billion. With a net worth of $88 billion, Warren Buffet, chairman of Berkshire Hathaway is at the third slot followed by LVMH's Bernard Arnault.

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News Network
July 9,2020

Ujjain, Jul 9: Kanpur encounter main accused Vikas Dubey has been arrested at a police station here on Thursday, as per sources in the Uttar Pradesh government.

"Vikas Dubey, the main accused in Kanpur encounter case, has been arrested at a police station in Ujjain," said UP government sources.

Dubey is the main accused in the encounter that took place in Kanpur last week, in which a group of assailants allegedly opened fire on a police team, which had gone to arrest him.

Eight police personnel were killed in the encounter.

Earlier today, Bahua Dubey and Prabhat Mishra, close aides of the main accused, were killed in separate encounters in Etawah and Kanpur respectively.

Whereas, Shyamu Bajpai, also an aide to Dubey, has been arrested by Chaubeypur police following an encounter. He carried a reward of Rs 25,000. Uttar Pradesh's Special Task Force (STF) had gunned down Vikas Dubey's close aide Amar Dubey in Hamirpur district, earlier on Wednesday.

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News Network
May 22,2020

New Delhi, May 22: Reserve Bank Governor Shaktikanta Das on Friday extended the moratorium on payment of loans by another three months till August to provide much-needed relief to borrowers whose income has been hit due to the coronavirus crisis.

In March, the central bank had allowed a three-month moratorium on payment of all term loans due between March 1, 2020, and May 31, 2020.

Accordingly, the repayment schedule and all subsequent due dates, as also the tenor for such loans, were shifted across the board by three months.

As a result of this moratorium, individuals’ EMI repayments of loans taken were not deducted from their bank accounts, providing much-needed liquidity.

The EMI payments will restart only once the moratorium time period expires on August 31.

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News Network
March 30,2020

New Delhi, Mar 30: Prime Minister Narendra Modi on Monday interacted with Indian ambassadors and high commissioners abroad and urged them to remain alert to developments in global efforts against COVID-19 including breakthroughs to help the country's fight against the coronavirus.

External Affairs Minister S Jaishankar and Foreign Secretary Harsh Vardhan Shringla were also present during the interaction through video-conferencing.

"Coming together for India PM interacted with Indian Ambassadors/High Commissioners abroad and urged them to remain alert to developments in global efforts against COVID-19 including breakthroughs to help our national efforts to fight COVID19," External Affairs Ministry spokesperson Raveesh Kumar said in a tweet.

"PM appreciated the efforts of our missions in helping Indians abroad, in particular, students and workers," he added.

The number of positive coronavirus cases in the country stood at 1,071 on Monday. It includes 29 deaths and 99 people, who have been cured of the highly contagious virus.

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