Bengaluru Is One Of Top Six Cities In World For Expats
According to a Bloomberg analysis, Bengaluru is one of the six finest developing cities in the world for expats since it is well-funded and has a "hunger to learn." As one of the fastest-growing digital centers, the city has attracted hundreds of successful start-ups and IT firms,… read-more
Tags: bengaluru, Expats, World, top cities, Bloomberg
Courtesy: India Today
Mukesh Ambani Regains 'Asia's Richest Man' Title With $99.7 Bn Net Worth, Surpasses Gautam Adani
The title of 'Asia's richest man' has gone back to its previous owner, Chairman and MD of Reliance Groups Ltd Mukesh Ambani. Ambani surpassed Gautam Adani, as his net worth rose to $99.7 billion, while Adani's net worth stands at $98.7 billion. According to Bloomberg Billionaire Index, Ambani in the international ranking, stands at the eight spot, while Adani at ninth. Elon Musk remains the richest man with $227 billion.
Tags: Bloomberg, Billionaire, Richest Man, Mukesh Ambani, Gautam Adani
Courtesy: ANI
Elon Musk Loses $50 Billion Following Drop In Tesla's Shares
Following the fall of Tesla's shares fell for a second consecutive day, the world's richest man Elon Musk lost $50 billion. The loss is said to be the greatest two-day drop in the Bloomberg Billionaires Index's history. Musk's worth currently stands at $323 billion. The drop was reported after Musk asked his followers on Twitter whether he should ''sell 10% of his stock to pay taxes''.
Tags: Share, Tesla, Richest Man, Bloomberg, Stock market
Courtesy: WION News
Falguni Nayar Becomes India's Wealthiest Female 'Self-Made' Billionaire: Nykaa
Falguni Nayar, the founder of the beauty and fashion retailer Nykaa, on November 10 became India's wealthiest female self-made billionaire as per Bloomberg Billionaires Index. The market cap of the company also hit an overall valuation of $1 trillion on listing in the market on the same day. The 49-year-old founder started the venture in 2012 after quitting her job as the Managing Director of Kotak Investment Banking.
Tags: Nykaa, Investment Banker, Billionaire, Bloomberg, IPO
Courtesy: The Quint
Bitcoin Enters Trillion-Dollar Club; Added $415 Billion In 2021
Cryptocurrency Bitcoin's market capitalization skyrocketed to $1 trillion on February 19 for the first time. It's value surged over $53,262 on the same day at the Coinbase exchange. As per Bloomberg, the company added over $415 billion of value in 2021 and hiked 60% this month. Meanwhile, Bitcoin has joined the trillion-dollar market club, which includes Amazon, Microsoft, Apple, and Alphabet. However, experts still believe Bitcoin… read-more
Tags: Cryptocurrency, Bitcoin, Coinbase Exchange, Bloomberg
Courtesy: Business Insider
Elon Musk Surpasses Bill Gates To Become 2nd Richest Man In World
Elon Musk has become the world's second richest person with a net worth of $128 billion, according to Bloomberg Billionaires' Index. Reportedly, Musk was ranked 35th at the start of the year but has added over a $100 billion to his fortune in 2020 to surpass Bill Gates ($127.7 billion). The increase in Musk's fortune is being credited to soaring market value of Tesla that increased by 25% in early 2020.
Tags: Elon Musk, Tesla, Bloomberg, Bill Gates
Courtesy: The Times of India
Indian Economy Slumps by 23% in April-June Quarter of 2021
The Indian economy has contracted by a record 23.9% in April-June quarter of the current fiscal year. This marks the poorest decline of Indian gross domestic products (GDP) in the last 40 year. The figures are attributed to the coronovirus-induced lockdown that had shut businesses and markets since March, crippling the already-slowing economy. Both the manufacturing and service sector have nosedived. However, agriculture was the only sector… read-more
Tags: GDP, Q1, Coronavirus, Lockdown, Bloomberg, Indian Economy
Courtesy: The Financial Express