Mukesh Ambani is world's 9th richest person; Gautam Adani slips to 23rd

News Network
March 22, 2023

Adaniambani.jpg

New Delhi, Mar 22: Despite an erosion of 20 per cent or $21 billion in wealth, Reliance Industries' Chairman and Managing Director Mukesh Ambani continues to be at the top 10 wealthiest individuals in the world with a wealth of $82 billion, states the 2023 M3M Hurun Global Rich List.

For the third consecutive year, Ambani retained the wealthiest Asian title.

With a 35 per cent decrease or $28 billion in wealth to $53 billion, Gautam Adani and family, of Adani Group slipped to 23rd rank in the world's wealthiest from the last year's second rank.

Adani also lost the second richest Asian title in 2023.

A report in January by US short-seller Hindenburg led to Adani seeing his wealth down by more than 60 per cent from his peak.

Last year, it was said that Adani topped the list by adding Rs 1,600 crore per day over 2022.

The other Indian billionaires who figure in the world's top 50 richest are: Cyrus Poonawalla (global rank 46, wealth $27 billion), and Shiv Nadar and family (rank 50, $26 billion).

Interestingly, barring Poonawalla whose wealth went up by 4 per cent, the wealth of all other Indian billionaires in the global top 100 wealthiest had seen an erosion.

In stark contrast to the 2022 M3M Hurun Global Rich List, India is at the top of the league table when it comes to wealth depletion.

When countries such as China and the US had 178 and 123 billionaires, respectively, who lost more than $1 billion, India has 41 billionaires who lost more than a billion-dollar YoY in 2023 M3M Hurun Global Rich List.

In terms of number of billionaires who have added $1 billion or more over the last year, India occupies sixth rank in the list.

India added 16 billionaires and occupies the third spot, comfortably ahead of Italy which added 9 billionaires in this year's list.

The richest new entrant from India, Rekha Rakesh Jhunjhunwala and family, tops the list of top 16 new Indian entrants in 2023 M3M Hurun Global Rich List.

Over the last 5 years, Indian billionaires in 2023 M3M Hurun Global Rich List added circa $360 billion to their cumulative wealth - equivalent to Hong Kong's GDP.

"M3M Hurun Global Rich List 2023 tells the story of the current global economy through the eyes of the entrepreneurs," said Anas Rahman Junaid, MD and Chief Researcher, Hurun India.

"At a critical point in history, when India's GDP is poised to double by the end of the decade, we are excited about celebrating and benchmarking wealth creation in India with the rest of the world," said Pankaj Bansal, Director, M3M India. 

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
coastaldigest.com news network
April 29,2025

lynching.jpg

Mangaluru, Apr 29: In a shocking development, the city police have made significant progress in the investigation of the brutal assault that led to the death of an unidentified individual near the Bhatra Kallurti Temple in Kudupu. 

A total of 15 suspects have been arrested in connection with the incident, and further arrests are expected. Police Commissioner Anupam Agrawal shared the details of the case during a press conference on Tuesday.

Discovery of the Body and Initial Investigation

The tragic incident came to light on April 27 at around 5:30 PM when the Mangaluru Rural Police Station received a call reporting the discovery of a body near the Bhatra Kallurti Temple in Kudupu. Upon arriving at the scene, local police officers, senior officials, and forensic teams began a detailed inspection of the area.

While no obvious signs of major injuries were found on the body, the police decided to conduct a post-mortem to determine the exact cause of death. The body was moved to Wenlock District Hospital for an autopsy. A case of Unnatural Death with suspicion was registered at the Mangaluru Rural Police Station, and efforts were immediately launched to identify the deceased.

Clues Unravel the Truth: A Brutal Assault During a Cricket Match

Through extensive efforts, including the circulation of the victim's photograph and an analysis of CCTV footage and mobile tower data, investigators uncovered shocking details about the victim's final moments. On April 27, at approximately 3:00 PM, a group of individuals viciously attacked the victim during a cricket match held near the temple grounds.

The assault was carried out using fists, sticks, and kicks. Despite bystanders attempting to intervene, the attackers continued their brutal onslaught. Tragically, the victim did not survive the attack. Preliminary findings from the post-mortem revealed that the cause of death was internal bleeding and shock caused by multiple blunt force injuries to the back, coupled with a lack of timely medical assistance.

A Breakthrough in the Investigation

The breakthrough in the case came when a complaint was filed by Deepak Kumar (33), a resident of Kulshekar. Based on his complaint, police registered a case and began working diligently to identify the perpetrators.

During the investigation, it was revealed that more than 15 individuals were involved in the deadly assault. Police have arrested 15 suspects so far. The arrested individuals, all residents of Kudupu and surrounding areas, include:

Sachin T (26)

Devadas (50)

Manjunath (32)

Saideep (29)

Nitesh Kumar alias Santosh (33)

Dheekshith Kumar (32)

Sandeep (23)

Vivian Alvares (41)

Sridatta (32)

Rahul (23)

Pradeep Kumar (35)

Manish Shetty (21)

Dhanush (31)

Dheekshith (27)

Kishore Kumar (37)

More Arrests Expected: Over 25 Suspects in Total

According to Police Commissioner Anupam Agrawal, the police suspect that more than 25 individuals were involved in the assault. Efforts are ongoing to trace and apprehend the remaining suspects listed in the First Information Report (FIR) as well as those identified through further investigation.

The investigation into this brutal attack continues as the police work tirelessly to bring all those responsible to justice. The case has sent shockwaves through the community, and authorities are determined to ensure that no one involved in this horrific crime escapes the law.

With the number of arrests likely to rise in the coming days, the city’s police force is fully committed to uncovering the full truth behind this senseless act of violence.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
May 10,2025

Mangaluru, May 10: A new chapter in Mangaluru’s infrastructure story unfolds on May 16, as Chief Minister Siddaramaiah arrives to inaugurate two transformative projects: the newly built Deputy Commissioner’s Office at Padil and a world-class indoor stadium at Urwa.

These developments signal a strong push toward better governance and enhanced urban amenities in the coastal city.

₹75 Crore DC Office

The new DC Office, spread across a modern campus at Padil, comes with a price tag of ₹75 crore. Initially budgeted at ₹55 crore, the project received an additional ₹20 crore under the Smart City Mission, aimed at integrating technology and convenience in public administration.

“This facility reflects our vision of a centralized, people-friendly government. With 23 departments under one roof, citizens can now access services more efficiently,” said District In-charge Minister Dinesh Gundu Rao.

The phased relocation of departments will begin on the day of inauguration and be completed over the next 2 to 3 weeks.

₹35 Crore Indoor Stadium Opens Doors

Also on the agenda is the grand opening of Mangaluru’s new indoor sports complex in Urwa, built for ₹35 crore. This ultra-modern facility is equipped to host national-level indoor events and will offer quality training infrastructure for emerging sports talent in the region.

Initiated during Siddaramaiah’s previous term, both the stadium and DC Office projects are now ready for public use and are expected to create lasting impact.

“These projects are not just buildings. They are investments in governance, youth, and the future of Mangaluru,” said Rao.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
May 11,2025

genocide.jpg

Palestinian Ministry of Health in Gaza has warned that around 1,500 citizens have lost their eyesight due to the war and another 4,000 are at risk of blindness because of severe shortages of medications and medical equipment.

The Palestinian Ministry of Health in a report on Sunday said that the eye care services in Gaza have been facing a catastrophic collapse because of the genocidal war.

“The health sector is witnessing a critical shortage of consumables and medical equipment for eye surgeries, which is leading to an almost total collapse of surgical services, particularly for retinal diseases and diabetic retinopathy with internal bleeding,” said Dr. Abdelsalam Sabah, director of Gaza’s Eye Hospital.

“The Eye Hospital currently has only 3 worn-out surgical scissors in use, which greatly increases risks to patients’ lives and prevents effective treatment,” he added.

The majority of eye injuries are caused by shrapnel from ordnance explosions and need medical materials such as Healon and fine sutures, which are almost impossible to find in the Strip due to the blockade.

Unless immediate and urgent intervention is made by relevant bodies and international organizations, the Eye Hospital will be unable to provide any surgical services in the near future.

The siege has forced hospitals and medical centers in Gaza to ration medications such as painkillers, provide less effective treatment, or turn patients away.

Hospitals and medical centers have run out of surgical supplies such as anesthetics, pediatric antibiotics, and medicines for chronic conditions.

Since March 18, when the Israeli regime broke its ceasefire agreement with Hamas, it has killed around 1,900 Palestinians and wounded several thousand more, most of whom are children and women. 

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.