The net worth of Indian billionaire Gautam Adani on Monday (20) dropped below $50 billion (£41.5 billion), revealed updated data on the Bloomberg Billionaires Index. The businessman's total fortune was reported at $49.1 billion (£40.8 billion). It was only a month ago that the industrialist's net worth stood around $120…
Cash-strapped Pakistan must take steps to ensure that its high earners pay taxes and only the poor get the subsidies if it wants to function as a country, the International Monetary Fund (IMF) has said, amid looming fears of a default. In an interview with the German state broadcaster Deutsche…
From China to India, Singapore to the Philippines and Japan to Thailand, "How Women Work", an upcoming book, observes working women through a pan-Asian lens. With observations from women leaders as well as their male counterparts, the book, written by author Aarti Kelshikar, aims to enrich and deepen understanding of…
India spinner Ravindra Jadeja returned career-best figures of 7-42 to lead Australia's hammering by six wickets inside three days Sunday to bring the hosts to a 2-0 Test series lead. Jadeja, a left-arm orthodox, teamed up with fellow spinner Ravichandran Ashwin to dismiss Australia for 113 in a morning session…
India's Goods and Services Tax (GST) Council on Saturday (18) reduced the Goods and Service Tax on liquid jaggery, pencil sharpeners, and certain tracking devices, finance minister Nirmala Sitharaman said. She also added that all the GST compensation dues will be cleared, including Rs 16,982 crore (£1.7 billion) for the…
A "crazy nut" and an aged "barking dog" is how real-estate doyen K P Singh described billionaire financier George Soros, who caused an outrage in India after saying the Adani-Hindenburg turmoil would lead to weakening of Prime Minister Narendra Modi's grip on power. Singh, who helmed India's biggest listed private…
In a major success for 'Make in India' in defence, the Indian Navy is soon going to deploy indigenous firefighting bots on its largest warships including aircraft carriers INS Vikrant and INS Vikramaditya. Speaking to ANI, navy vice chief Vice Admiral SN Ghormade discussed about the initiatives taken in the…
The recently agreed mega deal between Air India and aircraft-manufacturing giants Boeing and Airbus will create more than 200,000 jobs in India -- directly and indirectly -- according to top experts in the aviation sector, Business Today reported. Under the deal, Air India, which is owned by Tata Sons and…
The politics western Indian state of Maharashtra has witnessed a fresh escalation after the country's election commission decided to award the Shiv Sena party's name and electoral symbol of bow and arrow to the faction led by current chief minister Eknath Shinde. The decision has seen a backlash from the…
Ola Electric, backed by the SoftBank Group, is set to invest Rs 76.14 billion (£764.2 million) in the southern Indian state of Tamil Nadu to manufacture electric cars and batteries for electric vehicles (EVs), a statement from the state government said on Saturday (18), Reuters reported. The company will invest…