Demonetisation impacts billionaire club; Mukesh Ambani remains No 1

March 7, 2017

New Delhi, Mar 7: India’s richie rich club has shrunk by 11 people since the demonetisation last November, while Mukesh Ambani remains the richest Indian with a net worth of USD 26 billion, a study showed today. The country now has 132 billionaires with a net worth of USD 1 billion or more and the cumulative wealth of the ultra- rich people stood at USD 392 billion, according to Hurun Global Rich List India.

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Though there has been a fall in number of billionaires in the country since demonetisation, the aggregate total wealth of the ultra-rich people has increased by 16 per cent over last year, the report said. In the list of top 10 richest people Ambani is followed by the SP Hinduja & family, at the second position with a net worth of USD 14 billion, followed by Dilip Shanghvi, at the 3rd position with a wealth of USD 14 billion.

Others in the top 10 billionaires include, Pallonji Mistry at the fourth place at USD 12 billion, Lakshmi N Mittal (5th, USD 12 billion), Shiv Nadar (6th, USD 12 billion), Cyrus Poonawalla (7th, USD 11 billion), Azim Premji (8th, USD 9.7 billion), Uday Kotak (9th, USD 7.2 billion) and David Reuben and Simon Reuben at the 10th place with USD 6.7 billion. According to the report, since demonetisation on November 8, India lost 11 billionaires.

"India had a tough year because of disruptive government policies such as demonetisation drive. However, on a long term perspective, we do believe that such transparent currency economics will have a positive impact for the entrepreneurs," Hurun Report India Managing Director and Chief Researcher Anas Rahman Junaid said.

Among cities, Mumbai is the capital for India's super- rich as the city is home to 42 billionaires, followed by Delhi (21) and Ahmedabad (9). In terms of billionaire spread state wise, Maharashtra topped the list with 51 billionaires, followed by Delhi 22, Gujarat (10) and Karnataka (9). Vis-a-vis last year almost a third of the list has been replaced with 27 new additions and 31 dropouts.

E-commerce entrepreneurs Sachin and Binny Bansal dropped out of the Global Billionaires list, while Acharya Balakrishna of Patanjali is the wealthiest new face at the 29th position with a networth of USD 3.7 billion. Kiran-Mazumdar-Shaw is the only self-made woman billionaire with a wealth of USD 1.9 billion, the report added. Regarding billionaire outflow, the report said that 32 individuals migrated from India and UAE is the most preferred destination with 13 immigrants.

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News Network
October 21,2024

Mangaluru: The MLC by-election for the Dakshina Kannada and Udupi Local Authorities Constituency commenced at 8 AM on Monday, with voting set to continue until 4 PM. A total of 392 polling booths have been established across the two districts, which form the constituency.

The constituency has 6,032 eligible voters, including 3,127 women. Early reports indicated brisk voting at the Mangaluru City Corporation polling booth, where corporators were seen patiently standing in line in the morning.

In a unique moment, Sharath, a gram panchayat member from Kokkada, cast his vote at Kokkada Gram Panchayat before heading to his wedding ceremony.

The constituency features 53 sensitive polling booths. Eligible voters include members of gram panchayats, corporators from Mangaluru City Corporation, city and town municipal councils, town panchayats, MLAs, MLCs, and Lok Sabha members representing the Dakshina Kannada and Udupi districts.

Notably, Byndoor MLA Gururaj Gantihole and MLC Prathap Simha Nayak, who do not represent local bodies, were left out of the voters' list. According to electoral rules, only those MLAs, MLCs, and MPs who represent city corporations, municipalities, town panchayats, taluk panchayats, or zilla panchayats are granted voting rights in the MLC elections for the Local Authorities’ Constituency.

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News Network
October 31,2024

Udupi: Falling prey to a sophisticated a “digital arrest” scam, Prameela (39) found herself defrauded of a staggering ₹11,87,463. The plot, orchestrated through deceptive tactics, left her financially devastated.

On October 25, Prameela received a call from an unknown number claiming a parcel, allegedly sent by one Wang Ming Zi, was flagged due to containing suspicious items: 5 kg of clothes, 8 ICICI credit cards, and 700 grams of MDMA. Adding to the urgency, the caller asserted that an FIR had already been filed against her.

The caller then transferred Prameela to a supposed representative of the 'Bombay Cyber Crime Branch,' who introduced himself as Manish Kumar, claiming to be a senior executive at DTDC Mumbai. Manish directed her to connect via Skype video call, asking her to download the app and search for the ID [email protected].

Once on the call, Prameela was requested to provide her Aadhaar card details, which she complied with. She soon received what appeared to be a formal arrest order listing her name, address, and Aadhaar information. Under pressure, Prameela disclosed her bank account details and balance to the caller. Exploiting this trust, the scammer then transferred ₹11,87,463 from her account.

Following the incident, Prameela lodged a complaint with the Shirva police, who have since registered a case under sections 316(2), 318(4), 351(2) of the BNS, and 66(C), 66(D) of the IT Act. The authorities are now investigating this alarming case of digital fraud.

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October 25,2024

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The accused wife and the victim husband

 

Udupi, Oct 25: A seemingly natural death has unraveled into a heart-wrenching case of betrayal and murder in Udupi’s Marne village. 

Balakrishna (44), who had been battling fever and severe illness for nearly a month, succumbed to his condition on October 20, despite extensive treatment at multiple hospitals. 

Diagnosed with jaundice, he was under care at KMC Hospital in Manipal, Wenlock Hospital in Mangaluru, NIMHANS Hospital in Bengaluru, and Victoria Hospital. But his symptoms persisted, and he was brought home on October 19, only to pass away at 3:30 am the next morning.

A complaint filed by his grieving brother, Ramakrishna (42), has now transformed Balakrishna's case into an alleged murder investigation. According to Ramakrishna, his brother’s wife, Pratima, had been in a relationship with Dileep from Hirgan. Allegedly, frustrated by Balakrishna's interference in her relationship, Pratima conspired with Dileep to eliminate him.

The complaint suggests that Pratima and Dileep plotted to gradually poison Balakrishna, lacing his meals with a toxic substance that steadily worsened his health. 

In the early hours of October 20, Dileep allegedly visited the home, where he and Pratima are accused of suffocating Balakrishna with a bedsheet, ending his life in a final act of betrayal. 

The Ajekar police have now registered a murder case, transforming Balakrishna's tragic death into a haunting investigation. They also have managed to arrest the victim’s wife and her boyfriend. 

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