Mukesh Ambani retains top spot on Forbes India's rich list with $108 billion net worth
Mumbai: Mukesh Ambani, chairman and managing director of Reliance Industries Limited (RIL), has retained the top position on Forbes’ 2024 list of the 100 richest Indian tycoons. According to Forbes, Mukesh Ambani was the second-biggest gainer in dollar terms, with wealth rising $27.5 billion in the past one year to $119.5 billion.
This comes as the RIL chief announced bonus shares as Diwali gift for Reliance investors. Ambani’s current net worth stands at $108.3 billion, making him the 13th richest person in the world.
The magazine’s report mentioned that the combined wealth of the top 100 individuals on Forbes rich list for 2024 reached a historic milestone of $1.1 trillion, reflecting a 40 percent increase from $799 billion in 2023.
The report highlighted that strong stock market, IPOs and mutual funds has resulted in the rich getting richer in India. The BSE Sensex has gained 30 percent since last year, Forbes said, adding, “As a result, more than 80 percent of those on the list are wealthier, with 58 adding $1 billion or more to their respective net worths.”
Gautam Adani, chairman of the Adani Group, secured the second position on the Forbes list with a combined family wealth of $116 billion. Savitri Jindal, matriarch of the steel-to-power conglomerate O.P. Jindal Group, moved up to third place for the first time, with a net worth of $43.7 billion, an increase of $19.7 billion from the previous year. She remains the richest woman in India.
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India, Russia unveil new measures to broaden trade, economic ties between countries
PM Modi bats for bringing peace to Ukraine
New Delhi (PTI): India and Russia on Friday firmed up a five-year plan to bolster economic and trade partnership in the face of Washington's punitive tariff and sanctions regime even as Prime Minister Narendra Modi conveyed to President Vladimir Putin that the war in Ukraine must be brought to an end through dialogue.
Following their summit talks, Modi and Putin unitedly demonstrated their keenness to impart a fresh momentum to the trajectory of the over eight-decades-old partnership between the two nations.
Besides finalising the 2030 economic programme, the two sides signed several agreements to expand cooperation in a number of sectors including health, mobility and people-to-people exchange.
"Over the past eight decades, the world has witnessed numerous ups and downs. Humanity has had to pass through many challenges and crises. And amidst all this, the India-Russia friendship has remained steadfast like a pole star," Modi said in his media statement.
ALSO READ: India not neutral, it is on the side of peace: PM Modi to Putin on Ukraine conflict
The prime minister, referring to the economic roadmap, said taking the India-Russia economic partnership to new heights is now a common priority for both sides. Modi also said that India and Russia are working towards early conclusion of a free trade agreement with Eurasian Economic Union.
The Ukraine conflict also figured prominently in the talks with Modi saying that India has advocated for peace in that country.
"We welcome all efforts being made for a peaceful and lasting resolution of this matter. India has always been ready to contribute its part and will remain so in the future," he said.
On threat of terrorism, Modi said India and Russia have long been standing shoulder-to-shoulder in the fight against the menace.
"Whether it is the terrorist attack in Pahalgam or the cowardly assault on the Crocus City Hall - the root of all these incidents is the same," he said.
"India's unwavering belief is that terrorism is a direct assault on the values of humanity and that global unity against it is our greatest strength," he added.
Modi said India-Russia cooperation in the critical minerals sector is crucial for ensuring secure and diversified supply chains across the entire world.
ALSO READ: Russian President Putin says India, Russia collaboration not directed against anyone
In his remarks, Putin said the two sides resolved to prioritise cooperation in areas of security, economy, trade and culture.
We are looking at increasing annual bilateral trade volume to USD 100 billion, he said.
Putin said Russia is also looking at expanding cooperation in the energy sector with New Delhi, adding his country is ready for uninterrupted shipments of fuel to India.
We could also talk about cooperation in construction of small modular nuclear reactors and floating nuclear power plants, he said.
Russia, India and other like-minded nations are working towards a just and multipolar world.
