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TIRUCHY: With a declared net worth of around Rs 1,041 crore, Leema Rose Martin, AIADMK's Lalgudi candidate and wife of lottery baron Santiago Martin, seems to be the wealthiest candidates in the state. According to her election affidavit, Leemarose has movable assets worth Rs 139.63 crore and immovable assets valued at Rs 909.94 crore, against liabilities of Rs 8.57 crore. She has declared her educational qualification as Class VI. Her asset portfolio includes investments in gold, diamonds, sil ...Read More >
Wipro -- the Indian tech giant founded by billionaire Azim Premji -- is buying the IT unit of Olam Group for $375 million as the Singapore-based company moves to re-organize its operations and focus on its core agricultural commodities business. Under the deal, which is subject to customary closing conditions, Bangalore-based Wipro will buy Olam's entire stake in its IT and digital services unit, Mindsprint, in cash. Following the acquisition, Wipro will provide Olam IT services for eight years ...Read More >
Franklin Templeton has launched Sapphire Equity Long-Short SIF, its first offering under the SIF framework. The fund uses a quantitative strategy with long and short positions across Nifty 500 stocks. Designed for high-risk investors, it aims to generate alpha through dynamic allocation and disciplined risk management across market cycles. Franklin Templeton (India) has announced the launch of Sapphire Equity Long-Short SIF, its first offering under Specialised Investment Funds (SIF). It is an ...Read More >
Mumbai | Franklin Templeton (India) today announced the launch of Sapphire Equity Long‑Short SIF, its first offering under the Specialised Investment Funds (SIF). It is an Equity Long Short Fund under the SIF framework, investing across Nifty 500 stocks to enable diversified exposure across large, mid and small-cap segments. Sapphire Equity Long‑Short SIF aims to seek long-term capital appreciation across market cycles, through a proprietary, model-driven quantitative strategy, anchored in disci ...Read More >
Bhubaneswar: The Comptroller and Auditor General (CAG) has criticised the Odisha government for serious lapses in revenue realisation and financial management, leading to non-remittance of over Rs 5,000 crore. According to its latest State Finances Audit Report for 2024-25, which was tabled in the Odisha Legislative Assembly, 27 profit-making State PSUs failed to remit dividends totalling Rs 5,146.76 crore, in clear violation of the state's dividend policy. The Finance Department did not even r ...Read More >
Jyoti Bansal, an Indian entrepreneur, is now a billionaire. He built Harness, an AI software delivery company, valued at $5.5 billion. Bansal's journey highlights the H-1B visa route. He previously founded AppDynamics, which Cisco acquired for $3.7 billion. Harness uses AI to automate software deployment. Bansal plans to take Harness public. He advocates for attracting global talent. Indian-born entrepreneur Jyoti Bansal has become a new billionaire after building Harness, an AI-based software ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Ethereum's (ETH) recent pullback is starting to reflect more than short-term price volatility. As ETH trades below the $3,000 mark, a combination of heavy liquidations, declining network activity, and sustained institutional outflows is reinforcing concerns about weakening demand. While prices have so far held above key support levels, multiple indicators suggest that selling pre ...Read More >
New Delhi: Microsoft co-founder Bill Gates held the title of the world's richest man for five consecutive years, from 2013 to 2017. He remained among the world's top 10 wealthiest individuals afterwards. However, this year his net worth and ranking have seen a significant decline. According to the Bloomberg Billionaires Index, Gates' net worth has fallen by $41.3 billion this year, and he is now ranked 16th on the list of the world's richest people with a net worth of $117 billion. Gates is the ...Read More >
Don't want to miss the best from Business Standard? In a relief to coworking space provider WeWork India, the Bombay High Court on Monday dismissed the petitions challenging the approval of its initial public offering (IPO) by markets regulator the Securities and Exchange Board of India (Sebi), reported Bar and Bench. A division bench of Justice RI Chagla and Justice Farhan A Dubash dismissed the petition filed by an investor, Vinay Bansal, that alleged the company's draft red herring prospect ...Read More >
Ahmedabad, Nov 3 (SocialNews.XYZ) Ambuja Cements, part of the diversified Adani Portfolio, on Monday reported strong results for the July-September quarter of the current financial year (Q2 FY26), with consolidated net profit (PAT) soaring 364 pc year-on-year (YoY) to Rs 2,302.3 crore, compared to Rs 496.5 crore in the year-ago period (Q2 FY25). The company's standalone PAT also surged nearly three times to Rs 1,387.55 crore, compared to Rs 500.66 crore in the same quarter last fiscal -- a jump ...Read More >
AHMEDABAD: Ambuja Cements, part of the diversified Adani Portfolio, on Monday reported strong results for the July-September quarter of the current financial year (Q2 FY26), with consolidated net profit (PAT) soaring 364 pc year-on-year (YoY) to Rs 2,302.3 crore, compared to Rs 496.5 crore in the year-ago period (Q2 FY25). The company's standalone PAT also surged nearly three times to Rs 1,387.55 crore, compared to Rs 500.66 crore in the same quarter last fiscal -- a jump of 177 per cent YoY. ...Read More >
New Delhi, Oct 28 (PTI) Tata Capital, NBFC arm of Tata Group, on Tuesday reported a flat growth in consolidated profit at Rs 1,119 crore for the September quarter. The NBFC firm had earned a consolidated net profit of Rs 1,133 crore in the second quarter of the previous fiscal year. This is the first quarterly number announcement after listing of the Tata Capital stocks on the bourses. Its share were listed on stock exchanges on October 13. Total income rose to Rs 7,750 crore during the quart ...Read More >
Jana Small Finance Bank's application to become a universal bank has been returned by the Reserve Bank of India due to non-fulfilment of criteria. While the exact reasons are yet to be clarified, the bank plans to rectify issues and reapply. This setback postpones plans to reduce funding costs, though daily operations remain largely unaffected. Mumbai, Jana Small Finance Bank on Tuesday said the Reserve Bank of India (RBI) has returned its application to become a universal bank due to non-fulfi ...Read More >
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends. Nigerian industrialist Aliko Dangote's net worth has hit $30 billion, according to the latest Bloomberg Billionaires Index. The index revealed that Dangote's fortune now stands at $29.8 billion, up $5.71 million from the previous day and $1.73 billion year-to-date. The increase comes amid strong performances from his liste ...Read More >
New Delhi, Oct 24 (SocialNews.XYZ) As much as 19 per cent of the assets of the Indian mutual fund industry came from beyond the top 30 cities (B30 locations) in September 2025, a report said on Friday. Assets from B30 locations increased from Rs 14.14 trillion in August to Rs 14.50 trillion in September, representing a growth of 2.6 per cent. While on a year-on-year (YoY) basis, the same rose by 15 per cent. "Meanwhile, Assets from top 30 cities (T30 locations) also grew 14 per cent YoY basis ...Read More >
Mumbai: Piyush Pandey, the man who gave Indian advertising its unique voice, passed away at the age of 70. Known for his wit, warmth and unmatched creativity, Pandey reshaped the industry by bringing emotion, language, and local flavour to storytelling. Over his four-decade journey with Ogilvy India, he helped Indian brands connect with ordinary people through authentic and relatable narratives. Born in Jaipur in 1955, Pandey joined Ogilvy in 1982 after brief stints in cricket, construction and ...Read More >
NEW DELHI, Oct 23: SEBI banned First Overseas Capital from taking new mandates for two years and fined ₹20 lakh for multiple violations, including submitting false information, breaching underwriting limits, and failing net worth requirements. FOCL was also barred from securities market dealings after an inspection revealed regulatory breaches, delayed reporting, and non-compliance with certification and disclosure norms. (PTI) ...Read More >
New Delhi, Oct 20: Tesla and SpaceX CEO Elon Musk on Monday extended Diwali greetings to Indians and millions of people celebrating the festival of lights across the world. Musk reposted a Diwali greeting on the social media platform X, saying "Happy Diwali", while tagging a post from his company's subsidiary Tesla India, saying, "Wishing you an electrifying and safe Diwali." Musk's $500 Billion Net Worth Milestone Musk on October 2 became the world's first person ever to reach a net worth of ...Read More >
India is rapidly emerging as a significant global player in branded residences, ranking sixth worldwide for live projects. Driven by a growing high-net-worth population and interest in international luxury brands, the sector is poised for substantial future growth, with key cities leading the charge. India is emerging as a notable market for branded residences, with demand driven by a growing population of high-net-worth individuals and increasing interest in international luxury residential br ...Read More >
Bengaluru - FYERS, a technology-first brokerage and investment platform, has announced the listing of Specialized Investment Funds (SIFs) on its platform, marking a significant advancement towards empowering self-directed investors with institutional-grade strategies. This integration positions FYERS as the first stock broking platform in India to offer the full suite of SEBI-regulated SIFs and will include offerings by SBI, Quant, and Edelweiss, bringing trusted and proven investment solutions ...Read More >
Mumbai, Oct 7 (SocialNews.XYZ) Workspace solutions provider WeWork India Management Limited is facing a muted investor response for its Rs 3,000-crore initial public offering (IPO), amid concerns raised by governance advisory firm InGovern Research Services Private over its weak financials, legal troubles involving promoters, and heavy reliance on the WeWork Global brand. According to NSE data, the IPO -- which closes for subscription today -- has been subscribed only 16 per cent while writing ...Read More >
The Hurun list 2025 highlights the richest Indian professional managers, with Jayshree Ullal, Satya Nadella, and Nikesh Arora leading the rankings. The report showcases how Indian-origin leaders are shaping global tech and business giants.India continues to strengthen its position as a major global economy, with a rapidly expanding base of high-net-worth individuals. According to the Hurun India Rich List 2025, the country now has over 1,680 people with wealth above ₹1,000 crore - an increase o ...Read More >
Jayshree Ullal (left), Kiran Mazumdar-Shaw (centre), Falguni Nayar (right) India's businesswomen and entrepreneurs recently made history at the release of the M3M Hurun Rich List 2025 on Wednesday. As per the annual report published by the Hurun Research Institute, which tracks the wealth and assets of India's most affluent groups and families, India's businesswomen made history this week by featuring in the top spot of the Hurun India rich list for the very first time. Roshni Nadar Malhotra ( ...Read More >
Bollywood superstar Shah Rukh Khan has become the latest celebrity to enter the billionaire club, becoming the first Indian celebrity to touch the milestone and stand with global icons like Michael Jordan, Taylor Swift, and George Lucas. As per the Hurun India Rich List 2025, Shah Rukh Khan witnessed a sharp rise of 71% in his net worth this year to Rs 12,490 crore ($1.4 billion). This significant surge is fueled by the blockbuster success of his production house Red Chillies Entertainment and ...Read More >
In August 2022, Srinivas co-founded Perplexity AI with Denis Yarats and Andy Konwinski. New Delhi: Aravind Srinivas, the 31-year-old Chennai-born AI entrepreneur, has entered the M3M Hurun India Rich List 2025 as the country's youngest billionaire. With an estimated net worth of Rs 21,190 crore, Srinivas, the founder and CEO of the AI startup Perplexity, is now a prominent name in the tech world, especially in generative AI. Born on June 7, 1994, in Chennai, Tamil Nadu, Srinivas developed an ...Read More >
Lucknow: Senior Samajwadi Party leader and former minister Gayatri Prajapati was attacked by a fellow inmate inside Lucknow Jail on Tuesday. The scuffle took place within the jail premises, after which prison authorities launched an internal inquiry. According to a statement issued by Dr Ramdhani, DIG Prisons, Lucknow Range, the incident occurred after Prajapati allegedly used abusive language towards another inmate, Vishwas Rajput. In response, Vishwas attacked Prajapati using a sharp object i ...Read More >
Mumbai, Oct 1 (SocialNews.XYZ) Bollywood superstar Hrithik Roshan is celebrating 4 years of togetherness with his partner, actress-singer Saba Azad. On Wednesday, the superstar took to his Instagram, and shared a series of pictures of himself with the actress-singer. As per the M3M Hurun India Rich List 2025, Shah Rukh Khan has officially entered the billionaire club. This milestone places him among the wealthiest entertainers globally. Notably, his wealth surpasses that of several internationa ...Read More >
Shah Rukh Khan and his family top the M3M Hurun India Rich List 2025 with Rs 12,490 crore, driven by Red Chillies Entertainment. Juhi Chawla & family secure the second spot, followed by Hrithik Roshan, Karan Yash Johar, and Amitabh Bachchan & family, highlighting Bollywood's wealthiest through diverse ventures and brand influence. Bollywood's Badshah Shah Rukh Khan and his family have topped the M3M Hurun India Rich List 2025, leading the pack with a wealth of Rs 12,490 crore, driven by the div ...Read More >
Mumbai: Shah Rukh Khan, fondly known as the Badshah of Bollywood, began his journey in films over three decades ago. From television roles to becoming the face of Indian cinema worldwide, SRK has built an unmatched legacy. His movies, charisma, and humility have earned him millions of loyal fans across the globe, making him one of the most admired superstars in history. In 2025, Shah Rukh Khan officially joined the billionaire club with a staggering net worth of Rs. 12,490 crore ($1.4 billion), ...Read More >
Hyderabad: Bollywood superstar Shah Rukh Khan has officially joined the billionaire club. After more than three decades in the entertainment industry, the actor, popularly known as the "Badshah of Bollywood," now boasts a staggering net worth of $1.4 billion (Rs 12,490 crore), according to the Hurun India Rich List 2025, released on Wednesday, October 1. The report highlights Shah Rukh's financial rise, mentioning, "Bollywood's Badshah, Shah Rukh Khan (59), joins the billionaire club for the fi ...Read More >
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