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Spending style of the rich and famous suffer
It's a common piece of conventional wisdom that the luxury market is insulated from bear markets and cyclical slowdowns. But since the onset of the subprime meltdown and the credit crisis, that...
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NRI Lakshmi Mittal richest man in UK despite losing 16.9 bn pound
Non-Resident Indian steel tycoon Lakshmi Mittal continues to be the richest man in the UK in 2009, despite his wealth dwindling by 16.9 billion pounds in a year owing to the global recession, The...
View ArticleRichest Indians in GCC region
A Dubai-based Indian businessman has topped the first-ever list of the richest Indian-origin entrepreneurs in the Gulf Cooperation Council (GCC) region, with a fortune of $3.2 billion. A survey by the...
View ArticleIndia not in top 12 countries with largest HNI population
India is out of the list of top 12 countries with largest HNI population as a significant erosion in equity market in 2011 took a toll on assets and investable wealth of the billionaires, says a...
View ArticleIndian billionaires seeking license to open banks
Billionaires like Aditya Birla Group, Tata Capital, Religare, Reliance Capital, are applying for bank licences, the deadline for which expires tomorrow. Entities which have taken board approval for...
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