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A Rs 4.23 lakh crore surge in investor wealth in a single session pushed the Sensex and Nifty to within touching distance of their record highs on Wednesday. The Nifty 50 climbed past the 26,150 mark with gains of over 300 points, while the Sensex jumped more than 950 points to an intraday high of…
Smriti Mandhana and Palash Muchhal’s wedding, highly anticipated by fans across India, was set to be a grand celebration on November 23. But what was meant to be a joyful occasion quickly turned emotional, as a sudden health emergency in Smriti’s family forced the couple to pause their plans. It was a highly awaited union…
TOI correspondent from UK: Lakshmi Mittal has voted with his feet. The 75-year-old steel magnate has walked away from Britain — and straight into Switzerland — joining a rush of the ultra-rich escaping Labour govt’s tax squeeze targeting high-net-worth residents.Mittal, one of Britain’s richest men and a long-time Labour donor, has left the UK just…
Legendary Bollywood actor Dharmendra, often dubbed the ‘He-Man’ of Indian cinema, has a net worth ranging from Rs 335 to Rs 450 crore. His wealth, built over years of captivating performances, is bolstered by a vast real estate portfolio that includes a stunning 100-acre farmhouse in Lonavala. Read on to know more. Dharmendra, known as…
Norway’s sovereign wealth fund, one of the largest investors in Tesla, has said it will vote against CEO Elon Musk’s proposed compensation package that could be worth up to $1 trillion over the next decade. The announcement comes ahead of Tesla’s annual shareholder meeting on Thursday, where the plan has become the most divisive agenda…
India’s richest 1 per cent expanded their wealth by 62 per cent between 2000 and 2023, according to a report commissioned by the South African Presidency of the G20, highlighting an alarming rise in global inequality. The study, led by Nobel laureate Joseph Stiglitz, described inequality as having reached “emergency” levels that now threaten democracy,…
Widely recognised as the “City of Gold,” both Dubai and Johannesburg embody a radiant connection with the precious metal that has profoundly shaped their history, identity, and enduring global legacy. According to the Dubai Multi Commodities Centre (DMCC), Dubai accounts for nearly 15% of the world’s gold trade, symbolising modern opulence and global influence. Once…
This week saw Facebook-parent Meta CEO Mark Zuckerberg fall from third to fifth place on the Bloomberg Billionaires Index. The plunge happened after Meta’ stock fell 11% on Thursday, October 30, wiping out $29.2 billion from Zuckerberg’s fortune in just one day. The drop was the fourth-largest one-day market-driven loss ever recorded by Bloomberg’s wealth…
PayPal founder Peter Thiel once told Elon Musk to quit the Giving Pledge and not donate his wealth, reported Reuters recently. The report quoted transcripts and audio recordings of a lecture series delivered by Thiel. Recounting the conversation, Thiel warned Musk that if he donates his wealth, he could end up funding causes championed by…
India’s biggest business houses delivered a mixed performance during Samvat 2081, with some posting stellar gains while others struggled to keep pace.Bharti Group, led by Sunil Mittal, emerged as the top wealth creator of the year with its combined market value surging to a whopping 24.8%, driven by a strong rebound in Bharti Airtel’s profitability….
