Gautam Adani beats Mukesh Ambani to become India’s richest, adds Rs 1600 crore to fortune every day in 1 year
Billionaire Gautam Adani beat Reliance Industries Chairman Mukesh Ambani to become India’s richest person in IIFL Wealth Hurun India Rich List 2022. Adding Rs 1,612 crore per day over the last year, and with a wealth of Rs 10,94,400 crore, Adani’s net worth is now 3 lakh crore more than Ambani’s. From an Indian wealth creation perspective, 2022 will be remembered for Adani’s meteoric rise, visible from the fact that the cumulative wealth growth of the IIFL Wealth Hurun India Rich List, excluding Adani is only 2.67%, compared to the overall 9%, said Hurun India.
Raju Srivastav Passes Away: Famous comedian, actor no more
Comedian?Raju Srivastav Dies Today: In a shocking news, comedian Raju Srivastav breathed his last on Wednesday. Srivastav was admitted to AIIMS Delhi on August 10 after experiencing chest pain, reported ANI. He reportedly collapsed while working out at the gym.
Raju Srivastav, who has died aged 58, was an ace comedian and actor best known for Hindi films such as Maine Pyar Kiya, Baazigar, the remake of Bombay to Goa, and Aamdani Atthani Kharcha Rupaiya. A familiar face in the entertainment industry since the 1980s, Raju Srivastav catapulted to fame after participating in the first season of the reality stand-up comedy show The Great Indian Laughter Challenge in 2005.
Read More: https://www.financialexpress.com/entertainment/comedian-raju-shrivastava-dies-at-58/2680959/
Sensex, Nifty snap 2-day gaining streak ahead of US Fed outcome; here’s how to trade on F&O expiry day
BSE Sensex and NSE Nifty 50 ended half a per cent down on Wednesday, as investors booked profit ahead of the US Federal Reserve’s monetary policy outcome, which is due later tonight. BSE Sensex fell 263 points or 0.4 per cent to 59,457, while NSE Nifty 50 ended 98 points or 0.6 per cent down at 17718. Index heavyweights such as Housing Development Finance Corporation, L&T, Infosys, Tata Consultancy Services, and Kotak Mahindra Bank, among others, dragged the index the most. Broader markets underperformed equity frontliners. S&P BSE Midcap index fell 0.6 per cent or 162 points to settle at 25,778, while S&P BSE SmallCap index ended 204 points or 0.7 per cent down at 29,239. Sectorally, Bank Nifty index fell 0.6 per cent to settle at 41,203.45, India VIX, the volatility index, gained 2.8 per cent to settle at 19.33 levels.
Festive season likely to boost auto, hospitality, consumer durable industries; rural demand outlook mixed
The upcoming festive season is expected to boost the auto, hospitality, and consumer durable industry on the back of strong demand. However, the operating margins of FMCG companies are likely to remain under pressure in spite of the drop in input costs. This is because demand recovery from rural India, which accounts for around 40% of FMCG sales, has still not recovered, according to Teresa John, Research Analyst (Economist), Nirmal Bang. Additionally, the southwest monsoon is also expected to delay recovery in rural demand. At the same time, in spite of a persistent decline in input costs amid falling commodity prices, marketers of daily essentials, groceries, and packaged commodities do not intend to lower prices in October ahead of the festive season.?
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Adani Enterprises, ACC, Ambuja Cements share prices tank over 7% after share pledge by Adani group
Adani Enterprises ,?ACC , and Ambuja Cements share prices tanked more than 7 per cent intraday on Wednesday, a day after the ports-to-power conglomerate announced to pledge shares of these two cement companies. Adani Enterprises share price tanked nearly 7 per cent to Rs 3572.65 apiece, ACC shares tumbled 7.2 per cent to Rs 533, and Ambuja Cements fell 7.4 per cent to Rs 2523.25 apiece. Gautam Adani’s group on Tuesday pledged shares worth about $12.5 billion in ACC and Ambuja Cements, days after it completed purchase of stakes in those businesses from Switzerland’s Holcim.
Historic! Supreme Court’s constitution bench proceedings to be live-streamed for public starting next week
In a historic move, the Supreme Court on Tuesday decided to begin live telecast of court proceedings of the Constitutional Bench from September 27. All cases of national importance, be it the Citizenship Amendment Act or the abrogation of Article 370 or the formation of the Maharashtra government under Eknath Shinde, which will be up before a larger bench of five or more judges will now be streamed live for the public.
The decision, in the interest of judicial transparency, was arrived at during a full court meeting convened by the Chief Justice of India (CJI) UU Lalit which was attended by all judges. The live telecast of the proceedings will begin as a pilot project.
Honda to discontinue diesel cars in India? Here’s what the company says!
Honda ventured into the diesel car segment in 2013 with the Amaze sub-compact sedan. Over the years, the company’s new 1.5-litre diesel engine powered a host of Honda cars and it still does its duty in the fifth-generation City, Amaze, and WR-V. However, as per recent media reports, Honda might soon discontinue its diesel cars in India. In this article, we have shared what the company has to officially say about this matter.??
Diabetic macular edema market across 7 major markets set to reach $11.1 billion in 2031: GlobalData
GlobalData ?on Wednesday said that the diabetic macular edema market (DME) in the seven major markets is set to grow from $5.0 billion in 2021 to $11.1 billion in 2031. According to the company, this growth is driven by the launch of longer-acting anti-vascular endothelial growth factor (VEGF) therapies among other pioneering pipeline therapies.
According to GlobalData, the growth will be supported by the US Food and Drug Administration (FDA) approval of Roche’s Vabysmo (faricimab) for DME in January 2022, coupled with the anticipated approval of other longer-acting anti-VEGF pipeline therapies, and the new mechanisms of action to the DME space, during the forecast period.