2017 was a bumper year for Indian billionaires, with Gautam Adani, Mukesh Ambani, and Sunil Mittal seeing a sharp increase in their wealth despite a slowing economy.The wealth, or net worth, of Adani, chairman of the Adani Group, grew nearly 120 per cent during this period, the steepest among the billionaires. His group picked up assets in the power transmission sector in India in 2017, but struggled with funding options for its mega coal mine development project in Australia.The data is based on Bloomberg Billionaires Index and takes into account the closing share prices of December 28. The share prices of the Adani Group companies have risen strongly, with Adani Transmission rising 294 per cent, Adani Enterprises 117 per cent, and Adani Ports 51 per cent. Adani Power, which is currently in talks to sell its majority stake in loss-making Mundra power project to the Gujarat government, also jumped 36 per cent in 2017. Adani's net worth stood at $10.2 billion. In terms of absolute ...
In absolute terms, the year closed with the market capitalisation of all BSE-listed companies rising by Rs 45.5 lakh cr to Rs 152 lakh cr
The lender was also rumoured to be a target for a merger, given its vast network of outlets, franchise and rich talent resource
A look at major happenings around the globe in 2017
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India has not lost any bilateral ODI series in 2017, winning consecutive eight bilateral series since June 2016
A list of best books that hit the stands in 2017
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There were at least 79 stocks on the BSE-500 which gained over 100% in 2017
HEG, Indiabulls Ventures, Sanwaria Consumer, Graphite India, Bhansali Engineering, Rain Industries and Venky's (India) surged between 550% and 1455% in CY17.
While the S&P BSE Consumer Durables index gained 101% during CY17, the S&P BSE Realty index rallied 106% during the same period
Staring at slow business for traditional services and not enough orders in newer digital services, Indian IT firms saw jobless growth for the first time in their history
In the first major attack of the year, the world reeled under 'WannaCrypt' that locked files on computers
7 movies which got 100 percent rating on Rotten Tomatoes in 2017
The region's outbound deals plunged 46 percent, hurt by China's retreat from global dealmaking compared to the record $218 billion the country did last year
India's sanitation coverage doubled to 74% since Swachh Bharat mission launch
India's apparel exports declined 39 per cent in value terms in October