India Ranked In The Top 10 Club Of The Wealthiest Countries Of The World

New Delhi: It wasn't without any reason that India was called 'sone ki chidiya' in ancient times. It was the wealthiest nation in 17th century.

But now if many of us think that India is a country full of poverty and problems then you are wrong, India has found a place in the list of Top 10 Wealthiest Countries in the world as per the recent research conducted by New World Health.

Latest data suggests that India's wealth standing is on the up. According to a report by New World Wealth, India has been ranked sixth in the list of wealthiest countries, while the United States topped the chart.


Raghuram Rajan: India’s Rock Star ex-RBI Guv Is Turning 55

New Delhi:RaghuramRajan, although a RBI governor whose role by itself often seems dry and academic, often went far beyond that. His policies elevated India from fiscal trouble, and his handling of the falling rupee earned him fame and repute in every Indian household. He became a public personality whose comments on a variety of issues were held in the highest regard by the public

RaghuramRajan was born on 3 February 1963 in Bhopal, Madhya Pradeshinto a Tamil Brahmin family.His father was R Govindarajan, an Indian Police Service officer who topped his 1953 batch.


Alibaba Group Pumps $500m Into Desi Firms

New Delhi: Chinese online major the Alibaba group is doubling down on India as it invested $500 million (approxRs 3,199 crore) into two of the largest domestic online startups, Big Basket and Zomato, according to regulatory filings. 

While Alibaba led a $300 million( approxRs 1, 918 crore) financing round in e-grocer Big Basket, the Chinese conglomerate's affiliate Ant Financial has invested $200 million (approxRs 1,279 crore) in the food discovery and delivery app Zomato.

People familiar with the deal, pegged Big Basket's valuation at $950 million( approxRs 6,075 crore) post the transaction, while Zomato was valued at $1.1 billion( approxRs 7, 000 crore) post-money, which makes it a unicorn. 


ONGC Buys Govt's Entire 51.11% Stake In HPCL For Rs 36,915 Cr

New Delhi: State-owned Oil and Natural Gas Corp (ONGC) has bought government's entire 51.11 per cent stake in oil refiner HPCL for Rs 36,915 crore.

In a regulatory filing, ONGC said it bought 77.88 crore shares in Hindustan Petroleum Corp Ltd (HPCL) for Rs 473.97 per share.

The acquisition was done in an off-market deal, it said.

"The transaction is in furtherance of the Government's objective to combine the various central public enterprises to give them capacity to bear higher risks, avail economies of scale, take higher investment decisions and create more value for the stakeholders and create an oil major which is able to match the performance of international and domestic private oil and gas companies," it said.


Report Finds India Sixth Wealthiest Country With Total Wealth Of $8,230 Billion

New Delhi: India has been ranked sixth in the list of wealthiest countries with total wealth of $8,230 billion, while the United States topped the chart, according to a report by New World Wealth.

The United States is the wealthiest country in the world as the total wealth held in 2017 amounted to $64,584 billion, followed by China at the second place with $24,803 billion and Japan with $19,522 billion at third.

Total wealth, refers to the private wealth held by all the individuals living in each country/city. It includes all their assets (property, cash, equities, business interests) less any liabilities. The report, however, excludes government funds from its figures.