Rich Indians
Credit Suisse crisis likely to make rich Indians wary of wealth managers
"In the past 15 years or so, many multinational financial institutions have come and exited Indian markets and the latest incident was making wealthy investors nervous"
 "Credit Suisse crisis likely to make rich Indians wary of wealth managers")
All you need to know about the richest Indian families and their wealth
Aditya Birla Group, a family business and 7 generations old, has a presence in various sectors, including metals, financial services, and retail
 "All you need to know about the richest Indian families and their wealth")
TMS Ep362: Budget for rich, capex outlay, RBI rate hike, night light data
How does the Budget affect the super-rich? Has India's capex outlay actually increased? Will a dovish RBI bolster investor sentiments this week? How does night light data show progress? Answers here
 "TMS Ep362: Budget for rich, capex outlay, RBI rate hike, night light data")
Wealth of 9 in every 10 ultra-rich Indians rose in '22: Knight Frank report
This was more than the global average where 4 in every 10 UHNWI saw wealth growth
 "Wealth of 9 in every 10 ultra-rich Indians rose in '22: Knight Frank report")
The growing divide
Oxfam study points to sharpening inequality
 "The growing divide")
Top headlines: IndOS vs iOS, Oxfam's 'Survival of Richest' report & more
Business Standard brings you the top headlines at this hour
 "Top headlines: IndOS vs iOS, Oxfam's 'Survival of Richest' report & more")
Richest 1% of Indians now own 13 times more wealth than bottom half: Oxfam
The burden of tax, especially indirect, falls more on the poor half
 "Richest 1% of Indians now own 13 times more wealth than bottom half: Oxfam")
One out of every three Indians 'middle class'; to double by 2047: Report
The report released by PRICE added that the share of middle class in the total population rose from 14 per cent in 2004-05 to 31 per cent in 2021-22
 "One out of every three Indians 'middle class'; to double by 2047: Report")
Rich Indians rush overseas to open family offices as risks rise at home
Many are heading to Dubai and Singapore to hedge their portfolio against currency and geographical risks and for tax planning for the next generation
 "Rich Indians rush overseas to open family offices as risks rise at home")
Mukesh Ambani joins the list of global rich with family office in Singapore
Asia's second-wealthiest man, Reliance Industries Ltd. Chairman Mukesh Ambani, is setting up a family office in Singapore, according to people familiar with the move.
 "Mukesh Ambani joins the list of global rich with family office in Singapore")
Cancerians lead Indian rich list parade
For the second year running, Cancerians are most successful amongst the Hurun list. Sagittarians are among lukewarm contributors and absence of notable Bollywood and cricket personalities is puzzling
Lower-income groups not so hopeful this festival season sale: Report
While the e-commerce platforms have seen an uptick in their festival season sale to Rs 24,500 crore, the average user spending has come down significantly
 "Lower-income groups not so hopeful this festival season sale: Report")
12 Indians have a net worth of more than Rs 1 trillion, shows a new report
The IIFL Wealth Hurun India Rich List 2022 showed that 100 start-up founders in India have a net worth of more than $10 billion
 "12 Indians have a net worth of more than Rs 1 trillion, shows a new report")
Confluent's Neha Narkhede enters Hurun's ten richest Indian women list
Confluent head India's wealthiest new entrant in Hurun rankings, Roshni Nadar Malhotra tops second year in a row
 "Confluent's Neha Narkhede enters Hurun's ten richest Indian women list")
Gautam Adani overtakes Bill Gates to become 4th richest person in the world
Gautam Adani's wealth, on Thursday, stood at $115.7 billion, as compared to Bill Gates's $104.6 billion. In the last 24 hours, Adani has gained $337 million
Statsguru: Six charts that show India's rich remain reluctant givers
Overall CSR allocations appear to have taken a hit during the pandemic even as they became skewed towards certain sectors
 "Statsguru: Six charts that show India's rich remain reluctant givers")
18% of super-rich Indians invested in cryptos, NFTs last year: Report
In its Wealth Report released on Tuesday, Knight Frank said 18 per cent global UHNWIs now own cryptocurrencies or tokens, and 11 per cent have invested in NFTs (non-fungible tokens)
 "18% of super-rich Indians invested in cryptos, NFTs last year: Report")
Gautam Adani now Asia's second richest, earns Rs 1,000 crore daily
The tenth Hurun India rich list has Mukesh Ambani topping it for the 10th year in a row with Rs 7.18 trillion wealth - only 9 per cent up over 2020
 "Gautam Adani now Asia's second richest, earns Rs 1,000 crore daily")
Indians in US wealthier with average household earning of $123,700: Report
Indians in the US, with an average household earning of USD 123,700 and 79 per cent of college graduates, have surpassed the overall American population in terms of wealth and college education
 "Indians in US wealthier with average household earning of $123,700: Report")
Number of billionaires in India stands at 136 in FY21, 5 less from FY20
The number of billionaires in India came down to 136 in 2020-21 from 141 in 2019-20, based on the gross total income declared in the income tax return, FM Nirmala Sitharaman informed Parliament
 "Number of billionaires in India stands at 136 in FY21, 5 less from FY20")
