Mukesh Ambani Richest Indian For 11th Consecutive Year With A Net Worth of $47.3 Billion

New Delhi: According to Forbes magazine, Reliance Group chairman Mukesh Ambani emerged as the richest Indian for the 11th consecutive year with a net worth of $47.3 billion. As per the ‘Forbes India Rich List 2018’, Ambani is also the year’s biggest gainer, adding $9.3 billion to his wealth amid the continuing success of his Reliance Jio broadband telco service.

“Despite a rout in the rupee that practically wiped out the Indian stock market’s 14 per cent rise from a year ago, business tycoons on the 2018 Forbes India Rich List saw a modest gain in their combined wealth to $492 billion,” a Forbes India statement said, adding that among the nation’s 100 richest, 11 saw their wealth jump by $1 billion or more.


Chanda Kochhar Resigns As Chairperson Of The Biggest Private Bank Of Country

New Delhi: The 56-year-old Chanda Kochhar, who rose to occupy the corner office at the largest private sector lender, was mired by controversy and allegations of conflicts of interest, lack of disclosures and quid pro-quo while extending loans to the now bankrupt Videocon Industries. She, in fact, was the first woman to head a large lender in the country.

In mid-February, a lobby group chose Chanda Kochhar, the then head of ICICI Bank, for an interactive session with the visiting Canadian prime minister Justin Trudeau. A little over a month later, the toast of the town was battling allegations of impropriety that led to a multi-agency probe and an eventual forced leave-of-absence.


IT Ministry Asks Facebook Inc To Provide Details On Latest Security Breach

New Delhi: The government of India through Union information technology (IT) ministry has asked social networking firm Facebook Inc to provide India-specific details on the company’s latest security breach. The company has compromised 50 million user accounts. “If there is a hacking, the company should report the incident on its own. Since they did not inform us, the ministry asked them for details,” a senior official of the electronics and information technology ministry said on condition of anonymity.

This was conveyed to Facebook verbally on Monday, two other ministry officials confirmed on condition of anonymity. Facebook has asked for two days to respond to the ministry’s query, they added. A Facebook spokesperson did not respond to queries.


Infosys, TCS And Tata Motors Best Indian Companies Among The World: Forbes

New Delhi: In the Forbes list of World’s best companies, Infosys, TCS and Tata Motors have been featured among the 12 Indian companies in the compiled list. Entertainment giant Walt Disney, with a market cap of USD 165 billion topped the list, followed by hospitality major Hilton and Italian carmaker Ferrari at the second and third spots respectively.

Rounding out the top ten in 2018 are financial services companies Visa at the 4th place, digital payment company PayPal (5th), media company Netflix (6th), Siemens (7th), internet retailer Amazon.com (8th) Marriott International (9th) and Mastercard (10th).


Petrol Price Cross Rs 91-Mark In Mumbai And In Delhi It Is At Rs 83

New Delhi: Petrol price has crossed Rs 91-mark in Mumbai while domestic cooking gas LPG rates breached the Rs 500-level for the first time ever as oil at four-year high pushed fuel prices to new all-time high across the country. Diesel in Mumbai costs Rs 79.72 per litre at IOC outlets and Rs 79.79 at BPCL outlets.

Petrol prices were hiked by 24 paise per litre and diesel by 30 paise, according to price notification of state-owned oil firms. The hike pushed petrol price in Delhi to an all-time high of Rs 83.73 per litre and diesel to Rs 75.09.