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Indian Billionaire Developer Mangal Prabhat Lodha Enters London, Buys $500...
Mumbai-headquartered real estate developer Lodha Group, founded by billionaire Mangal Prabhat Lodha, announced Friday that it has inked a $500 million deal with the Canadian government to purchase...
View ArticleWilmar To Buy Majority Stake in Indian Sugar Firm Shree Renuka?
Vidya and Narendra Murkumbi, a mother-son pair who cofounded Bombay Stock Exchange-listed Shree Renuka Sugars, are reportedly close to selling a majority stake in the company to Singapore’s Wilmar....
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Indian Billionaire Ajay Piramal To Get $500 Million Windfall From Vodafone...
India’s Department of Telecommunications has just approved British telecom giant Vodafone’s proposal to hike its holding in its Indian unit. The green light from India’s Foreign Investment Promotion...
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Indian Businessman Subrata Roy Battles On
There seems to be no end to the legal troubles being faced by businessman Subrata Roy, the owner of such trophies as New York’s Plaza Hotel and a Formula One team, among much else. India’s Supreme...
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Onetime Rivals Mukesh Ambani And Sunil Mittal Ink Telecom Pact
In what is being heralded as a landmark handshake, onetime rivals Mukesh Ambani, India’s richest person and billionaire Sunil Mittal, whose Bharti Airtel is the country’s most valuable telecom firm,...
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Indian Billionaire G.M.Rao To Sell Istanbul Airport Stake For $350 Million In...
GMR Infrastructure, controlled by billionaire G.M.Rao has reportedly signed an agreement to sell its 40% stake in Istanbul’s Sabiha Gokcen Airport to TAV Airports, Turkey’s leading airport operator,...
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Mukesh Ambani’s Reliance Retail Chickens Out, Turns Vegetarian
Mukesh Ambani, India’s richest person, who’s a strict vegetarian and animal lover-the family frequently goes on vacations to wildlife parks-has issued a diktat banning all non-vegetarian products from...
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Indian Billionaire Nandan Nilekani And Wife Rohini Donate $8 Million To...
Billionaire Nandan Nilekani and his wife Rohini who feature on the cover of Forbes India’s recent philanthropy issue for their philanthropic work have written a check for $8 million to the National...
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Facing An Exodus Of Top Talent, Infosys Gets Biotech Pioneer Kiran...
Infosys, the Bangalore-headquartered $7.4 billion (revenues) outsourcer, has landed a prize catch. The company announced Thursday that Kiran Mazumdar-Shaw, the much-respected founder of biotech firm...
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The Curious Incident Of Mukesh Ambani’s Aston Martin In The Night-Time
On the night of December 8, an Aston Martin Rapide, owned by Reliance Ports, a private company controlled by Mukesh Ambani, India’s richest person, hurtled down South Mumbai’s Peddar Road which is a...
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Biocon’s Marketing Chief Quits To Join Mylan
Bangalore-headquartered biopharma firm Biocon hasn’t had the best start to the new year. The company announced Thursday that its marketing chief Rakesh Bamzai has resigned after 19 years with the...
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India’s Common Man Party Rides Populist Wave
Mumbai banker Meera Sanyal has been nursing political ambitions for a while. In 2009 she ran for office as an independent candidate in the South Mumbai constituency only to lose to an entrenched Indian...
View ArticleIndian Businessman Subrata Roy In Arrest Drama
A non-bailable arrest warrant was issued against Subrata Roy, owner of New York’s Plaza Hotel, among much else, by India’s Supreme Court Wednesday after the businessman who is embroiled in a...
View ArticleIndian Billionaires 2014:Big Winners, Big Losers
A weak economy and falling rupee took their toll on the wealth of Indian billionaires this year. The country has 56 billionaires in all with a collective net worth of $191.5 billion which is a tad...
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Dheeraj Hinduja Faces Trial By Fire At Truckmaker Ashok Leyland
The Hinduja brothers, who are the U.K.’s third richest, with a net worth of $10 billion, control the London-headquartered Hinduja Group, founded in India by their father, Parmanand Hinduja, a century...
View ArticleIndian Billionaires Lose Race For New Bank Licences
After a decade-long wait, India, a country where only half of the1.2 billion-strong population has any access to banking services, will finally have a couple of new banks. In a much-awaited...
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Billionaire Dilip Shanghvi Inks $4 Billion Deal With Daiichi Sankyo To Buy...
Ending months of speculation that it was eyeing potential acquisitions, Sun Pharmaceutical Industries, India’s most valuable pharma firm controlled by billionaire pharma tycoon Dilip Shanghvi (net...
View ArticleIndia’s Rich And Famous Rush To Snatch Piece Of New Soccer League
In a week that will see the start of the seventh season of the Indian Premier League, a cricket league that has been beset by scandals, a consortium comprising Reliance Industries, owned by Mukesh...
View ArticleIn A Dealmaking Spree, Indian Billionaire Ajay Piramal Places $333 Million...
Piramal Enterprises, controlled by pharma tycoon Ajay Piramal, announced Thursday that it will pay $333 million to buy a 20% stake in Shriram Capital, a Chennai-based financial services firm that has...
View ArticleSteel Tycoon Sanjay Singal Is India’s Newest Billionaire
Hopes of a stable government under Narendra Modi, prime ministerial candidate of the right-wing Bharatiya Janata Party that exit polls are predicting will win handsomely in the just concluded federal...
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