Mukesh Ambani tops 'BHI Rich List' 7th time in row
Mumbai, Sep 25: Industrialist and Reliance Industries Ltd Chairman Mukesh Ambani has topped the "Barclays Hurun India Rich List-2018" for the seventh consecutive year, with his wealth estimated at Rs 371,000 crore, an official said here on Tuesday.
Figuring next on the chart are S.P. Hinduja & Family of Hinduja Group, with an estimated wealth of Rs 159,000 crore, and Arcelor Mittal's L.N. Mittal & Family at Rs 114,500 crore.
Following them are: Wipro's Azim Premji at Rs 96,100 crore, Sun Pharmaceuticals Ltd's Dilip Shanghvi at Rs.89,700 crore, Kotak Mahindra Bank's Uday Kotak at Rs 78,600 crore, Serum Institute of India's Cyrus Poonawalla at Rs 73,000-crore, Adani Group's Gautam Adani & Family at Rs 71,200 crore, and Shapoorji Pallonji Mistry's Cyrus P. Mistry at Rs 69,400 crore.
The annual list is a compilation of the super-richest Indians having a net worth of Rs 1,000 crore or more, and this number has increased by a staggering one-third -- from 617 in 2017 to 831 in 2018, said Hurun Report India's Managing Director Rahman Junaid.
The cumulative wealth of these 831 individuals featuring in the list stands at USD 719 billion, or one-quarter of the Indian GDP of USD 2,848 billion, as per the IMF's April 2018 estimates.
Expectedly, the country's commercial capital Mumbai tops the list with 233 names, followed by the political capital New Delhi at 163 and the IT capital of Bengaluru at 70, said Barclays Private Clients CEO S.N. Bansal.
While 306 new entrants made it to the list this year, 75 of those featuring in 2017 list failed to find a place in the super-exclusive Rs 1,000-crore-plus club.
"The Indian edition of the list is the fastest growing rich list in the world, highlighting the optimism of a young, vibrant and ambitious country," said Junaid.
"Wealth creation in India is growing at an unprecedented pace, and the time it takes to accumulate wealth is shorter than before," remarked Bansal at the report launch.
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Sena (UBT)-MNS alliance announcement for civic polls likely next week
Mumbai (PTI): The Shiv Sena (UBT) and the Maharashtra Navnirman Sena (MNS) are likely to announce next week their alliance for the upcoming municipal corporation elections in Maharashtra, with seat-sharing for all the civic bodies, except Mumbai, almost complete, leaders of both the parties said.
Elections to 29 municipal corporations in Maharashtra, including the all-important Brihanmumbai Municipal Corporation (BMC), will be held on January 15, and the counting of votes will take place the next day.
The Shiv Sena (UBT) and the MNS will forge an alliance for the polls in municipal corporations of Mumbai, Thane, Mira-Bhayandar, Kalyan-Dombivli, Pimpri-Chinchwad, Pune and Nashik, among others.
The Sena (UBT) is headed by former chief minister Uddhav Thackeray, while his once-estranged cousin Raj is the president of the MNS.
"Talks for all civic bodies, except Mumbai, are complete. The sticking point is about the seats that we are demanding in Marathi-dominated areas. The Shiv Sena (UBT) is not still not agreeing to it which has delayed the seat-sharing. But the talks have to be over soon since the date of filing nominations starts next week (December 23 to December 30)," an MNS leader said.
Talking to reporters, MNS leader and former MLA Nitin Sardesai said, "It is appropriate to say that the talks are in final stages but it is difficult to say when it will be officially announced. I can only say that all sides are putting efforts to complete the talks and they are working towards it."
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Shiv Sena (UBT) leader Anil Parab met Raj Thackeray to discuss seat-sharing.
A Sena (UBT) leader said talks are in final stages and there is no hurdle in the seat-sharing agreement.
"The two brothers are expected to officially announce the alliance between the two parties on Monday in a public event or through a press conference that will set the tone for the civic body polls," he said.
Raj Thackeray quit the undivided Shiv Sena blaming Uddhav for his exit in 2005 and floated the MNS in 2006. They had been political rivals since then.
However, after the drubbing of their parties in the Maharashtra assembly polls in 2024 - the Sena (UBT) won 20 seats, while MNS drew a blank - both leaders decided to put behind their political acrimony and find a common ground for survival.
Over the past few months, the two cousins shared the stage or were spotted at public forums together multiple times for various reasons.
The cousins publicly ended their two-decade-long estrangement in July, where they addressed a joint rally. At the event, Uddhav said they have come together to stay together.
