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Slim richest, Mukesh at no. 4
Mumbai in top 10
Forbes list
Fortis to buy 23.9 pc in Singapore firm
Food inflation inches down
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Raju moves SC for bail
Seriously ill
Airtel launches digital media business
BSNL unions up in arms on selloff
Surya Roshni steel plant
for Karnataka
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Slim is followed by William Gates III (popularly known as Bill Gates) with a networth of $53 billion and Warren Buffet at the third spot with assets worth $47 billion. Lakshmi Mittal with a networth of $28.7 billion ranks fifth while Mukesh's younger brother Anil Ambani is at the 36th spot with $13.7 billion. There are 1,011 billionaires in the world now, up from 793 a year ago. Gates has held the top spot for 14 of the past 15 years in the past. "The Microsoft founder is now worth $ 53 billion, up $13 billion from a year ago," Forbes said. There are just two Indians on the list of top 10 richest persons across the world.
The only woman to be in the top 10 list, at number 10, is German entrepreneur Karl Albrecht, who founded the Aldi supermarkets and has a networth of $23.5 billion. The USA has 403 billionaires - the most in the world - followed by China that beat out Russia to grab the second spot. Although China has larger number of billionaires than India, 10 of Asia's top 25 are Indian while China has one. Hong Kong and Japan each have five and China has one in Asia's top 25. New York has more billionaires than any other city. The youngest billionaire who has a networth of $4 billion is 25-year-old Mark Zuckerberg who created Facebook. 2 Indian women on the list
Two Indian women, Savitri Jindal and Indu Jain, have been named among the list of the world's top billionaires compiled by the Forbes. Jindal with a networth of $12.2 billion has been ranked at the 44th place on the global list, while Bennett, Coleman & Co's chairperson Indu Jain at $2.8 billion comes at the 354th rank. Jindal, the non-executive chairperson of steel and power conglomerate, OP Jindal Group, is the fifth richest woman in the world. The Forbes list of 1,011 billionaires includes 89 women from across the globe. From India, there are just two women and 48 men. —
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New York, March 11 The list of billionaire cities is topped by New York as it is home to 60 richie rich persons. The wealthiest person living in New York is its mayor and media baron Michael Bloomberg with a networth of $18 billion. The Russian capital Moscow, home 50 billionaires, comes second on the list. Other top 10 cities are London at the third place with 32 billionaires, Turkish capital Istanbul (4th), Los Angeles (5th), Hong Kong (6th), Mumbai (7th) and Dallas (8th). Other notable billionaires residing in Mumbai include Anil Ambani, Shashi & Ravi Ruia, Kumar Birla and Pallonji Mistry. San Francisco and Tokyo are the 9th and 10th places, respectively. — PTI
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Fortis to buy 23.9 pc in Singapore firm
New Delhi/Singapore, March 11 The Indian heathcare major will acquire stake in Parkway Holdings from TPG Capital (formerly Texas Pacific Group). “Fortis has entered into a definitive agreement with TPG Capital, one of the world’s leading private investment firms, to acquire its 23.9 per cent stake in Parkway," Fortis said in a statement. Fortis intends to seek four seats on the board of directors of Parkway and also to nominate Malvinder Mohan Singh (current chairman of Fortis Healthcare) as the chairman of the board of Parkway, it said. “This acquisition will significantly expand our footprint across the region and place us strategically for geographical and clinical leadership in Asia, a big step closer to our vision of establishing a global healthcare delivery network,” Singh said. Parkway Holdings is counted as Asia’s premium healthcare provider, with a network of 16 hospitals, having 3,400 beds, spread over six countries, including India. For Fortis, this comes on the heels of the Wockhardt Hospital acquisition in India. On the National Stock Exchange, shares of Fortis settled at Rs 180.55, up by 6.05 per cent over the previous close. The deal will enable Fortis to establish a Pan-Asian presence increasing network to 62 hospitals with combined bed strength of over 10,000 beds. Parkway, a listed entity on the Singapore Stock Exchange, has a market cap of $2.4 billion. Its hospitals are located across Asia, including Singapore (1022 beds), India (425 beds), Malaysia (1900 beds), Brunei (20 beds), China (14 beds) and the UAE (260 beds). Parkway Life REIT is Asia's largest healthcare REIT and is also a part of Parkway Holdings. — PTI
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Food inflation inches down
New Delhi, March 11 Food inflation declined by 0.06 percentage points during the week ended February 27 from 17.87 per cent in the previous week. Though a range of essential items still continue to be expensive, the rate of price rise has fallen in the past few weeks. On year-on-year pulses were dearer by 33.38 per cent, slightly lower than over 35 per cent in the previous week, while potatoes turned costlier by 22.46 per cent. Onion rose by just 2.98 per cent. The declining trend, if sustained, would buttress the government's confidence that prices will start easing from April onwards, but a lot depends on Rabi (winter) crops, say experts.. Crisil principal economist DK Joshi said overall inflation will reach 10 per cent by March-end. — PTI |
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New Delhi, March 11 In an appeal filed against the Andhra Pradesh High Court order which had rejected his bail application, Raju claimed that he was suffering from serious cardiac and other health problems and was willing to abide by any conditions imposed by the apex court for his release. The bail plea of senior vice-president-cum-global head of internal audit cell in Mahindra Satyam V S Prabhakar Gupta was also rejected by the high court along with that of Raju after the CBI opposed their bail plea on the ground the duo could tamper with the evidence. In his bail application, filed through counsel Uday Sagar, Raju said the entire investigation in the Satyam case had been completed and chargesheet was also filed and hence there was no further need for his judicial custody. He claimed as the chargesheet contained voluminous documents, he was unable to go through it and meet his counsel to prepare for his defence due to his ill-health. The CBI had earlier said the agency was awaiting additional reports from the courts in the UK, the US and certain European countries on alleged diversion of funds by the accused. Raju was arrested in January last year after his confession of fudging accounts in what was dubbed as the biggest corporate accounting fraud in the country. Since then, he is under judicial custody. — PTI
Seriously ill
Hyderabad: Raju is seriously ill and undergoing treatment at a hospital here. Raju is suffering from Hepatitis-C and carries a “high risk of morbidity” if shifted from the hospital at this stage, according to a medical report submitted to a special court trying the case here today.
The fallen IT icon has been evading court trial on health grounds while seven other co-accused are lodged in Chanchalguda central jail here. Nizam’s Institute of Medical Science (NIMS), where Raju is undergoing treatment, has come to his rescue and made out a case for exempting him from appearance in court on health grounds. |
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Airtel launches digital media business
New Delhi, March 11 “There is a clear demand for secure digital distribution capability across multiple platforms,” said Bharti Airtel CEO for India and South Asia, Sanjay Kapoor. Meanwhile, Airtel accepted that it had received a copy of the special audit report submitted by government-appointed auditors to the Department of Telecom, but assured that it has always followed highest accounting standards. Kapoor confirmed that the company has received a copy of the special audit report, but declined to share further details. |
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BSNL unions up in arms on selloff
New Delhi, March 11
The BSNL board cleared not only the disinvestment proposal but also the proposal to reduce the BSNL’s 3,00,000 staffers by a third. In addition, it accepted the Pitroda recommendation to have a contract-based appointment system for top management, separate positions for MD and CEO and a formation of an advisory board. Reacting to the decisions, the employee unions of the BSNL said they would launch a nationwide protest against the board’s decision. Fifteen unions of the BSNL will demonstrate in front of PSU offices across the country on March 15, V A N Namboodiri, convener of the Joint Forum of Executives and Non-Executives’ Unions and Associations, said. “We will decide the future course of our action after our meeting on March 15,” he added. He, however, said services would not be disrupted due to the agitation. The BSNL has about 3 lakh employees and the company has seen profit fall to about Rs 570 crore in 2008-09 from over Rs 10,000 crore in the previous fiscal as the PSU is rapidly losing market share to new entrants. The panel also suggested abandoning the Rs 35,000-crore plan to expand the company’s GSM mobile network by 93 million lines. Apart from Pitroda, the panel comprised HDFC chairman Deepak Parekh and telecom secretary P J Thomas. The BSNL employee unions have already made their strong opposition clear to the disinvestment and staff reduction proposals.
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Surya Roshni steel plant
for Karnataka
Jammu, March 11 “We are planning to set up a steel plant in Karnataka. It is in planning phase,” said Utkarsh Dwivedi, executive director of Surya Roshni Limited. He said the company also intended to expand infrastructure in sectors like cement, power and PVC pipes in Gujarat, Madhya Pradesh, Chattisgarh and Uttarakhand. He added, “A high mast street light would also be manufactured at Gwalior in Madhya Pradesh in a short period.” |
Philips light lounges Pradip IPO subscribed fully Gold looks down Money back plan Man Infra debuts at Rs 348 Magazine awarded BoI FD rates up
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Hyderabad: Raju is seriously ill and undergoing treatment at a hospital here. Raju is suffering from Hepatitis-C and carries a “high risk of morbidity” if shifted from the hospital at this stage, according to a medical report submitted to a special court trying the case here today.
New York, March 11
