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BILLIONAIRE DOUBLE STANDARDS
Udaan’s pre-IPO top-up; Tata’s Assam chip hub test runHappy Monday! Udaan is in talks to raise fresh funds amid IPO talks. This and more in today's ETtech Morning Dispatch.
India received highest number of regressive tax recommendations from IMF: OxfamAn Oxfam report highlights the International Monetary Fund's (IMF) tax advice. India received the most regressive recommendations between 2...
Billionaire Jain bets on India’s wealth boom to hire, woo assetsNirmal Jain plans to significantly expand IIFL Capital Services. Assets are set to double and the number of advisors will triple within two...
Elon Musk’s fortune breaks the $600 billion mark as new SpaceX valuation ignites wealth surgeElon Musk has reached a new milestone. His net worth has crossed $600 billion for the first time. This surge is thanks to a fresh valuation...
Mark Zuckerberg faces fierce backlash after lavish purchase sends the internet into a frenzyMark Zuckerberg is facing renewed online criticism. His massive superyacht, Launchpad, has drawn attention for its significant fuel consump...
'Standard Chartered is betting on SMEs in India to help grow wealth management business'Standard Chartered focuses on India's SME sector. The bank aims to boost its wealth management business. SME growth will feed into wealth m...
StanC keen to break with local banks, play wealth managerStandardChartered is shifting focus from lending to wealth management in India, aiming to attract $200 billion in net new money over five y...
The world could get its first trillionaire within 10 years, anti-poverty group Oxfam saysThe global elite at the World Economic Forum in Davos grew $405 billion richer in 2020 and reached a total wealth of $869 billion last year...
Gear up, the world's first trillionaire is at best, 10 years away: ReportOxfam International predicts that the world could have its first trillionaire within a decade, highlighting the growing disparities between...
Taylor Swift could be a better billionaire than Elon MuskTaylor Swift, who is on her way to becoming America's youngest self-made female billionaire, has the opportunity to become a new model for ...
Shapoorji Pallonji may pledge Tata Sons shares to raise $1.6 billionIndia’s Shapoorji Pallonji Group is in talks to raise $1.6 billion via a private credit facility, according to people familiar with the mat...
A billionaire emits a million times more greenhouse gases than average person: Oxfam reportCumulatively, 125 billionaires fund 393 million tonnes of CO2e (carbon dioxide equivalent) per year, which is equal to the annual carbon em...
Newest female billionaire Falguni Nayar offers some advice for other women foundersNayar runs India’s FSN E-Commerce Ventures, which raised Rs 53.5 billion ($720 million) in its initial public offering and saw shares rise ...
Global stocks rally makes world's wealthiest richer by $1 trillion in 2017The number of Asian billionaires surpassed the US for the first time, a UBS and PWC report said.
Gold bulls split with Warren Buffett as traders, analysts say sellHedge funds increased bets on a gold rally by the most in three weeks as central banks signalled no end to economic stimulus.
- Indians treat their royalty better than the Brits
We, in India, tend to treat our royalty better than the British do theirs.
- Japan's Shinsei Bank plans fund venture with Jhunjhunwala
Joining forces with Jhunjhunwala would give Shinsei, faster access to an industry where mutual fund assets almost doubled to $142 bn. Globa...