New Delhi: Reliance Industries (RIL) Chairman Mukesh Ambani is now the eighth richest person in the world with a fortune of $83 billion, according to the Hurun Global Rich List 2021. Ambani's wealth increased 24 per cent on a year-on-year basis on the back of a surge in the value of energy-to-telecom giant RIL. "India's largest...
New Delhi: The government has lifted the embargo on private sector banks to undertake Central and state government business, which is still a forte of the public sector banks and three large private players in a limited way -- ICICI Bank, Axis Bank and HDFC Bank. With the permission, all banks would be allowed to...
New Delhi: Demand for luxury homes in India has improved among the Non Resident Indians (NRI) in the post-Covid scenario, according to Anarock's latest consumer survey. The Anarock report said at least 73 per cent NRIs now prefer properties priced in the range of Rs 90 lakh to Rs 2.5 crore. In the pre-Covid survey (2nd...
New Delhi: China regained its position as India’s top trade partner in 2020, as New Delhi’s reliance on imported machines outweighed its efforts to curb commerce with Beijing after a bloody border conflict, the media reported. Two-way trade between the longstanding economic and strategic rivals stood at $77.7 billion last year, according to provisional data...
Washington: US Federal Reserve Chair Jerome Powell has told lawmakers that US economic recovery remains uneven and far from complete, and the path ahead is highly uncertain. "The resurgence in Covid-19 cases, hospitalizations, and deaths in recent months is causing great hardship for millions of Americans and is weighing on economic activity and job creation,"...
New Delhi: Amazon Founder Jeff Bezos is back as the world's richest person after Tesla shares fell, resulting in a slight erosion in Elon Musk' wealth.Tesla shares were down 2.4 per cent on Tuesday and Musk lost $4.6 billion, slipping to the second position on the Bloomberg Billionaires Index, a ranking of the world's...
New Delhi: E-commerce and technology major Amazon will soon start manufacturing of its electronics products including the 'Fire TV' stick in India.After a virtual conversation with Amit Agarwal, Global Senior Vice President of Amazon and Country Head for India and Chetan Krishnaswamy, Vice President, Public Policy of Amazon India, the Union Minister for Electronics...
San Francisco: With a sign of acceptance among the mainstream investors, world's largest cryptocurrency Bitcoin surpassed a record high of $50,000.This year, Bitcoin rose around 72 per cent after tech billionaire Elon Musk's electric vehicle company Tesla invested $1.5 billion in it.Tesla has said that it will also "begin accepting bitcoin as a form...
London: UK Prime Minister Boris Johnson will host a virtual meeting of the G7 leaders on Friday to discuss efforts to ensure an equal distribution of Covid-19 vaccines and prevent future pandemics. Johnson will call for a new global approach to pandemics, drawing on lessons from the divisions that characterized the initial international response to...
