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The finance minister stated that the objective of the budget is a stable and sustainable recovery in the economy
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RBI retained its growth projection at 9.2 per cent and inflation at 5.3 per cent for the current financial year
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New Delhi,
India’s Gautam Adani founder and chairman of Adani Group have crossed Mukesh Ambani of Reliance Industries Ltd. Gautam becomes the richest person of Asia, broadcasters reported from the latest listings of Bloomberg Billionaires Index.
He is now one of the top 10 wealthiest people in the world and has a net worth of $88.5 billion, which is roughly $600 million more than Mukesh Ambani’s net worth.
Ambani’s wealth saw a year-to-date fall of about $2.07 billion, while Adani’s increased by about $12 billion YTD, which made the former, the second richest person in India and Asia and 11th richest in the entire world. Ambani’s total net worth is $87.9 billion, as of February 8.
Ambani ranked first in the list of the wealthiest person in India and Asia in November of last year, with Gautam Adani trailing him by about $2.2 billion.
In the last one year, Reliance Industries’ share price has risen by about 18.50%. It is trading at Rs2,312.75 per share as of Tuesday morning. In comparison, Adani Enterprises Ltd has climbed over 170% in the last one year and was trading at Rs1,741 on Tuesday morning.
Both the billionaires, who have taken profits through oil, now have been investing in a renewable energy. Adani has committed to invest $70 billion this decade to help his company while Ambani has committed $10 billion over the next three years as part of a larger $76 billion spend plan in renewables, according to the Bloomberg report.
This post was originally published on VOSA.
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A bench comprising Chief Justice N V Ramana and Justices A S Bopanna and Hima Kohli issued notices to the Future group firms
This post was originally published on The Asian Age | Home.
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With an almost $12 billion jump in his personal fortune, Adani is the world’s biggest wealth-gainer this year
This post was originally published on The Asian Age | Home.
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Finance Minister Nirmala Sitharaman in her budget speech last week talked about launching a central bank-backed ‘digital rupee’ soon
This post was originally published on The Asian Age | Home.
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Digital currency will also lead to a more efficient and cheaper currency management system
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The telecommunications sector in general and 5G, in particular, can enable growth and offer job opportunities, the FM said
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The minister also announced setting up 75 digital banking units (DBUs) in 75 districts by scheduled commercial banks
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35 per cent more money to create infra; greater focus on tech on road to India@100
This post was originally published on The Asian Age | Home.
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This will avoid the lengthy process of litigation if the department finds that some income has been missed out by the assesse
This post was originally published on The Asian Age | Home.
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The gift of virtual digital assets will be taxed in the hands of the recipient
This post was originally published on The Asian Age | Home.
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Fossil fuel companies, the Big 4 accountants, billionaires and the usual suspects. The Coalition came out on top, with more than $15 million more payments given to them than Labor. Callum Foote and Stephanie Tran wrap up 2021’s political payments.
This post was originally published on Michael West Media.
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The finance minister began the presentation by expressing empathy to those who died due to COVID-19
This post was originally published on The Asian Age | Home.
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The benchmark Sensex surged 1.47 per cent or 850.71 points to 58,864.88 points, against its previous day’s close at 58,014.17 points
This post was originally published on The Asian Age | Home.
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The Economic Survey 2021-22 expects the economy to grow by 9.2 per cent in the current financial year
This post was originally published on The Asian Age | Home.
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The political bribes data drops today, commonly known as the annual AEC political donations disclosure. It’s a great day for a distraction but does the government even need one?
This post was originally published on Michael West Media.
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Google made the investment as part of its Google for India Digitization Fund
This post was originally published on The Asian Age | Home.
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As high as 89 per cent of the respondents also want the government to impose fines on pvt companies that do not fulfil environmental norms
This post was originally published on The Asian Age | Home.
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The Tata Group is expected to take full control of the airline, it founded in 1932, on Thursday
This post was originally published on The Asian Age | Home.
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Indian economy is estimated to expand 9.2% in this fiscal ends in March, following a contraction of 7.3% in the previous fiscal year
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The Budget documents will be available mostly digitally, with only a handful of physical copies, officials said
This post was originally published on The Asian Age | Home.
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The economy, which was significantly hit by the pandemic, had contracted 7.3 per cent in the last fiscal
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Aviva Investors says voting at AGMs will be influenced by policies on climate, human rights, biodiversity and executive pay
Aviva Investors, an important UK asset manager, has put the directors of 1,500 companies on notice that it is willing to seek their removal if they fail to show enough urgency in tackling issues including the climate crisis and human rights.
The firm said the way it votes on the re-election of company board members in the upcoming AGM season would be heavily influenced by its four key stewardship priorities for the year, which also include biodiversity and executive pay.
Continue reading…This post was originally published on Human rights | The Guardian.
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Tata Group had on October 8 last year acquired Air India for Rs 18,000 crore
This post was originally published on The Asian Age | Home.
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Are retirement villages a rip-off? Retirees could be up to a million dollars worse off if they moved into a retirement village than if they remained at home, according to new analysis.
This post was originally published on Michael West Media.
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Web desk,
Indian Prime Minister Narendra Modi is famous for scripted speeches. A recent teleprompter malfunctioning was exposed his inability and unprepared speech at an international platform of World Economic Forum-WEF.
It happened during PM Modi struck during all of a sudden while speaking with confidence and fluency at the World Economic Forum after a technology glitch. PM Modi was puzzled by this awkward situation looking here and there and started making comments confirming if he could be heard properly.
The nervousness was clearly visible on the Indian premier’s face after the embarrassing moment.This post was originally published on VOSA.
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Screen Australia has awarded over $2 million in funding to a company owned by a former associate of Harvey Weinstein.
This post was originally published on Michael West Media.
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Last year, Tesla had sought a reduction in import duties on electric vehicles (EVs) in India
This post was originally published on The Asian Age | Home.
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Australian governments and businesses have been warned they face their greatest hacking threat yet, Apache Log4j. John Stapleton reports on Australian Cyber Security Centre warnings of possible widespread systems failure
This post was originally published on Michael West Media.
