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May 2021
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FDA gives permission to Gentek Life Sciences to manufacture Amphotericin B injection in Wardha        England coach Silverwood to take break during SL, Pakistan ODI series        Shubman Gill receives first jab of COVID-19 vaccine        UN calls for de-escalation of Israel,Palestine conflict        Hamas turned residential areas in Gaza Strip into military strongholds: Israel Military        Cyclone Tauktae: Indian Coast Guard rescues three stranded fishermen off Kannur        PIL in SC seeking directions to use PM Cares fund for Covid vaccines, O2 plants        Cyclone Tauktae: PM Modi asks officials to pay special attention to Covid hospitals, vaccine cold chain & power back-up        Wipro Ltd appoints Tulsi Naidu to its board as an Independent Director        Bata India appoints Gunjan Shah as the new CEO        Daryl Mitchell, Glenn Phillips earn first NZC central contracts        Training in bio-bubble has brought team closer: Gurjant Singh        Twelve dead in Afghanistan Mosque blast        KP Oli takes oath as Nepal PM; to prove majority within 30 days        Japan to send USD 18.5 Mln worth COVID-19 aid to India        Plea in SC seeks cancellation of CBSE, ICSE class 12 Exams        Monsoon likely to reach Kerala on May 31: IMD        PM releases 8th instalment of financial benefit under PM-KISAN        Women''s head coach: Incumbent Raman, ex-coach Powar appear for interview        Independent panel recommends voluntary licensing and tech transfer for producing COVID-19 vaccines        
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Business News
India has world''s 3rd highest no. of billionaires; Mukesh Ambani dethrones Jack Ma in Asia: Forbes
 
New York: India has the third highest number of billionaires in the world after the US and China, according to a new list by the prestigious Forbes magazine, which said Reliance Industries Chairman Mukesh Ambani reclaimed his spot as Asia’s richest person, dethroning Chinese business tycoon Jack Ma who was the richest person in the region a year ago.

Forbes’ 35th annual list of the world’s billionaires is topped by Amazon CEO and Founder Jeff Bezos for the fourth year in a row.

His net worth is USD 177 billion, up USD 64 billion from a year ago as a result of surging Amazon shares, Forbes said.

On the second spot is SpaceX founder Elon Musk, who was the biggest gainer in dollar terms. Musk’s fortune ballooned to USD 151 billion, a whopping USD 126.4 billion more than a year ago, when he had ranked 31 and was worth USD 24.6 billion, it said.

“The main reason: a 705 per cent climb in Tesla shares,” Forbes said.

Ambani, the richest person in India and also the wealthiest in Asia, is ranked 10 on the global billionaires’ list. He reclaimed his spot as Asia’s richest person with a net worth of USD 84.5 billion.

Ambani “has become the richest person in Asia, ranked Number 10 and worth an estimated USD 84.5 billion. He nudges out Jack Ma of China, Asia’s richest person a year ago, whose rank dropped to 26 (from 17 last year) despite a nearly USD 10 billion jump in his fortune to USD 48.4 billion,” Forbes said.

Adani Group Chairman Gautam Adani, the second richest person in India, is ranked 24th on the global list of billionaires with a net worth of USD 50.5 billion.

Chairman of the Poonawalla Group and founder of the Serum Institute of India, the world’s largest vaccine manufacturer, Cyrus Poonawalla is ranked 169th on the Forbes list of the world’s billionaires with a net worth of USD 12.7 billion.

Poonawalla ranks seven on the list of Indian billionaires. Founder of HCL Technologies Shiv Nadar, the third richest person in India, is ranked 71st globally and has a net worth of USD 23.5 billion.

“The three richest Indians alone have added just over USD 100 billion between them,” Forbes said.

At 724, the US has more billionaires than any other country in the world (up from 614 last year). China is “closing the gap” with 698 billionaires, up from 456 last year.

“As a result of the gains in China, Beijing is home to more billionaires than anywhere in the world, overtaking New York City,” Forbes said.

India has the third highest number of billionaires, with 140, followed by Germany with 136 and Russia with 117.

Forbes said the 1,149 billionaires from Asia-Pacific countries together are worth USD 4.7 trillion, while the US billionaires are worth a total USD 4.4 trillion.

On the global list, 106 are under 40. The youngest billionaire is 18-year-old Kevin David Lehmann of Germany, whose father Guenther Lehmann transferred his stake in drugstore chain dm-drogerie mkt to him. His worth is USD 3.3 billion and ranks 925 on the list, while the oldest billionaire is 99-year old US insurance tycoon George Joseph, it said.

The number of billionaires on Forbes’ 35th annual list of the world’s wealthiest exploded to an unprecedented 2,755 -- 660 more than a year ago, altogether worth USD 13.1 trillion, it said.

There are a record high 493 newcomers to the list, “roughly one new billionaire every 17 hours, including 210 from China and Hong Kong and 98 from the US”

French billionaire Bernard Arnault, who oversees an empire of 70 brands, including Louis Vuitton and Sephora, is the third richest person in the world with a net worth of USD 150 billion, followed by chair of the Bill & Melinda Gates Foundation Bill Gates (USD 124 billion), Facebook founder Mark Zuckerberg (USD 97 billion).

The top 10 richest are worth USD 1.15 trillion, up by two-thirds from USD 686 billion last year. Altogether, Europe’s billionaires are USD 1 trillion richer than a year ago.

The richest woman this year is cosmetics heir Francoise Bettencourt Meyers of France, who with a net worth of USD 73.6 billion is ranked 12th.

India’s top 10 billionaires include DMart founder Radhakishan Damani, Kotak Mahindra Bank CEO Uday Kotak, Executive Chairman of ArcelorMittal Lakshmi Mittal, Chairman of the Aditya Birla Group Kumar Mangalam Birla, founder of Sun Pharmaceuticals Dilip Shanghvi and Founder and Chairman of Bharti Enterprises Sunil Mittal.


FDA gives permission to Gentek Life Sciences to manufacture Amphotericin B injection in Wardha
Wipro Ltd appoints Tulsi Naidu to its board as an Independent Director
Bata India appoints Gunjan Shah as the new CEO
Independent panel recommends voluntary licensing and tech transfer for producing COVID-19 vaccines
India projected to grow at 10.1% in 2022 but outlook for 2021 highly fragile: UN
Sensex surges over 350 pts in early trade; Nifty tops 14,900
Rupee rises 18 paise to 73.60 against US dollar in early trade
Petrol at Rs 102-mark in Rajasthan, Madhya Pradesh after 4th straight day of price hike
Petrol price hiked by 25 paise, diesel by 30 paise
Will try to keep soft interest rate regime as long as possible: SBI chief
S Premkumar is new Head of Canara Bank in Kerala, Lakshadweep
India''s GDP to grow at 11pc this fiscal; second wave of COVID a worry: ADB
Visakhapatnam: RINL-VSP supplied over 9k tonnes of Liquid Medical Oxygen to states so far
Banks transaction timings rescheduled due to Covid till May 15
Finance Minister speaks to industry leaders, says Centre working with States to manage Covid
Lithium-ion battery maker Lohum to invest up to Rs 250 cr in three years on capacity expansion
My Tirth India' provides services of 'online darshan'
Ashoka University launches YSP, pre-college summer programme, for high school students
Rupee down 32 paise against USD
US sanctions Chinese computer makers in widening tech fight
KERALA NEWS
Kerala wants Centre to provide more vaccines
 Thiruvananthapuram: Amid rising COVID-19 cases in Kerala, the state government on Wednesday urged th  
Kerala woman killed in Palestinian rocket strike in Israel
Kerala poet''s FB account ''suspended'' for posting satire clip on BJP poll defeat
TV journalist Vipin Chandh dies of COVID-19
INTERNATIONAL NEWS
UN calls for de-escalation of Israel,Palestine conflict
 Geneva: UN High Commissioner for Human Rights Michelle Bachelet on Saturday called for strict respec
Hamas turned residential areas in Gaza Strip into military strongholds: Israel Military
Twelve dead in Afghanistan Mosque blast
KP Oli takes oath as Nepal PM; to prove majority within 30 days
NATIONAL NEWS
Cyclone Tauktae: Indian Coast Guard rescues three stranded fishermen off Kannur
 New Delhi: Indian Coast Guard (ICG) on Saturday said that it has rescued three fishermen stranded in
PIL in SC seeking directions to use PM Cares fund for Covid vaccines, O2 plants
Plea in SC seeks cancellation of CBSE, ICSE class 12 Exams
Monsoon likely to reach Kerala on May 31: IMD
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