1. Home
  2. Mumbai wealthiest city in India with total wealth of $820 bn; Bengaluru third

Mumbai wealthiest city in India with total wealth of $820 bn; Bengaluru third

[email protected] (Agencies)
September 29, 2016

New Delhi, Sep 29: India's financial capital Mumbai, home to 45,000 millionaires and 28 billionaires, is the wealthiest city in the country with total wealth of USD 820 billion, says a report.

mumbvaiAccording to New World Wealth, Mumbai is followed by Delhi and Bengaluru at the second and third place respectively.

While Delhi, home to 22,000 millionaires and 18 billionaires has total wealth of USD 450 billion, Bengaluru boasts of a total wealth of USD 320 billion. The city is home to 7,500 millionaires and 8 billionaires. Total wealth refers to the private wealth held by all individuals.

The report defines 'wealth' as the net assets of a person. It includes all their assets (property, cash, equity, business interests) less any liabilities. The report excludes government funds from its figures.

As per the report, the total wealth held in the country amounts to USD 5.6 trillion (as of June 2016). The country is home to 264,000 millionaires and 95 billionaires in total.

Other emerging cities in the country include, Surat, Ahmadabad, Visakhapatnam, Goa, Chandigarh, Jaipur and Vadodara, the report said.

It noted that over the next decade, India is expected to benefit from strong growth in local financial services, IT, real estate, healthcare and media sectors.

"In particular, the local hospital services and health insurance sectors are expected to grow strongly. Hyderabad, Pune and Bengaluru are expected to lead the pack in terms of wealth growth," it said.

Millionaires or high net worth individuals (HNWIs) refer to individuals with net assets of USD 1 million or more. Billionaires refer to individuals with net assets of USD 1 billion or more.

Other wealthiest cities include, Hyderabad (total wealth of USD 310 billion, has 8,200 millionaires, 7 billionaires); Kolkata (USD 290 billion, has 8,600 millionaires and 10 billionaires); Pune (USD 180 billion, has 3,900 millionaires and 5 billionaires); Chennai (USD 150 billion and has 6,200 millionaires and 4 billionaires) and Gurgaon (USD 110 billion and home to 3,600 millionaires and 2 billionaires).

Comments

abdullah
 - 
Thursday, 29 Sep 2016

What about a common man???
he is struggling for one time food also.
All facilities denied to him. Our country is looted by these rich men.

Rikaz
 - 
Thursday, 29 Sep 2016

These wealth are held with richest people!

Add new comment

About text formats
  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
February 5,2020

Tightening control over companies misleading advertisements of medicines and products, the Indian government could soon slap a fine of up to Rs10 lakh and up to two years' imprisonment. While repeat offender could be fined up to Rs50 and imprisonment up to five years.

The Ministry of Health and Family Welfare's new draft of the Drugs and Magic Remedies (Objectionable Advertisements) (Amendment) Bill, 2020, provides extremely stringent penalties compared to the current law.

Under the new Act, companies advertising medicines and products falsely claiming to make a person fairer, improve height and memory or cure issues like hair loss or greying and premature ageing, among several others, may attract more stringent fines and jail time.

The current Act, 1954, leaves scope for companies to create deceptive advertisements as first time offender can be jailed for six months while repeat offender can be up to one year in prison, reported The Indian Express.

Under the Bill, deceptive advertisements will cover digital advertising, notice, circular, label, wrapper, invoice, banner and poster, among others. The government also plans to expand the scope of the law under the proposed amendments to cover 24 more deceptive claims not included in the current law, like medicines that can cure AIDS, change the sex of a foetus, among others, reported Livemint.

Comments

Add new comment

About text formats
  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
January 20,2020

New Delhi, Jan 20: Security has been beefed up at airports across the country after a suspicious bag was found at the Mangaluru airport on Monday.

According to Central Industrial Security Force (CISF), which guards the airports in the country, a man was captured in the CCTV dropping the bag inside Mangaluru airport.

According to the CISF DIG Anil Pandey, traces of improvised explosive device (IED) have been found from the bag.

"According to CCTV footage, a suspect kept the bag at Mangaluru airport and was then seen leaving in auto while concealing his face. The suspected object was detected timely and local bomb disposal team is working on its disposal," DIG Pandey told media.

"We have found traces of IED from a bag lying at a ticket counter in Mangaluru airport, we have safely evacuated it," DIG Pandey told media.

According to sources, initial investigations have revealed that the bag contained some type of black powder.

"Initial investigation has revealed that the bag contained a black powder which seems to be explosive, though it is yet to be cleared what kind of explosive it is," sources claimed.

"After we found the suspicious bag at Mangaluru airport, a security drill has been initiated at all the airports and CISF staff have been asked to beef up security," DIG Pandey said.

Also Read: IED recovered from Mangaluru Airport defused safely; 3 teams formed to nab suspect: Top cop

Comments

bond
 - 
Tuesday, 21 Jan 2020

AIrport bomb new dramshooitng mlore airport 

Add new comment

About text formats
  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
coastaldigest.com news network
August 2,2020

Bengaluru, Aug 2: All the seven Airports in Karnataka have seen poor traffic even after the restoration of domestic flight services post covid-19 lockdown. Interestingly, Mangaluru International Airport, the second biggest in the state, has slipped to third position in number of number of passengers and flights. 

Of all the seven airports in State-- Bengaluru, Mangaluru, Hubballi, Belagavi, Mysuru, Kalaburagi and Vijaynagara (Hosapete)-- it was the Sambra (Belagavi) airport which saw the highest number of passengers and flights after Bengaluru. 

According to Airports Authority of India report released on their website recently, the Sambra airport outperformed the Managluru international airport in June. 

As many 10,224 passengers travelled to or from Belagavi airport in June, whereas Mangaluru airport saw a footfall of only 8,608 passengers including 3,726 international and 4,882 domestic passengers. Belagavi airport handled 391 flights whereas Mangaluru airport handled 190 flights.

Even the Bengaluru international airport saw a decline in the number of passengers and flights in June. Only 3.69 lakh domestic and 10,654 international passengers arrived or departed from Kempegowda International Airport, Bengaluru in June as against 27.59 lakh total passengers in June 2019. 

Between April-June 2020 the Bengaluru airport saw only 4.54 lakh total passengers (domestic and international) as against 84.11 lakh total passenger during the same period last year. The number of flights to and from Bengaluru also saw a huge dip in June with only 731 international (2,582 in June 2019) and 4290 domestic (16,216 in June 2019) flights.

Though the Mysuru domestic airport handled a higher number of flights compared to last June, the number of passengers either arriving or departing saw a decline. Last year June 4,775 passengers travelled in 96 flights, whereas in June 2020 the airport handled 3,158 passengers and 330 flights.

Hubballi airport saw the least number of passengers or flights among the seven airports in Karnataka in June. It saw only 55 passengers either arriving or departing from the city's airport in 14 flights in the month of June. In the same month last year, Hubballi airport, which was third busiest before the pandemic, had facilitated 45,973 passengers and handled 604 flights.

Since April 2020 to June, the Hubballi airport has handled only 18 flights (as against 1,958 during the same period last year) and 122 passengers (1,50,416 between April-June 2019).

Comments

Add new comment

About text formats
  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.