Matriarch of #JindalSteel, who took over her husband’s throne after his death in a helicopter crash in 2005, has seen her fortune rise by at least $12 billion in two years.
As of July 18, her net worth stands at $10.5 billion, as per Bloomberg Billionaire index.
#SavitriJindal's net worth has more than tripled to $17.7 billion in 2022, from $4.8 billion in 2020. However, 2019 and 2020 weren’t good, as her net worth declined by almost 50% from $8.8 billion in 2018 to $5.9 billion in 2019 to $4.8 billion in 2020.
#SavitriJindal controls her husband's stake in the O.P. Jindal Group, share in each company will be transferred to the son heading it when she dies, according to exchange filings, reflecting her status as matriarch.
According to a @Forbes report, Jindal broke into the top 10 club for the first time with a net worth of $18 billion in 2021, up from $6.6 billion a year ago.
However, she has been the richest woman in India for a couple of years now.
#SavitriJindal was a minister in the Haryana Government and a member of the Haryana Vidhan Sabha from Hisar constituency. She lost the seat in elections held in 2014 for the Haryana assembly. She is now a member of the Indian National #CongressParty.
IT services major #Wipro today reported a 12% decline in its #profits to ₹2,717 crore in the first quarter, as against ₹3,087 crore in the previous quarter.
The IT company’s revenues grew 3% sequentially to ₹22,001 crore in the same period, in line with analyst expectations.
Offering guidance for the September quarter, #Wipro said it expects IT services business revenue to be in the range of $2.82-2.87 billion, which translates to a sequential 3-5% growth.
However, Wipro CEO and MD Thierry Delaporte said the company is “pleased with the outcomes”.
The Indian #telecom landscape is heating up once again with the #5GSpectrum auctions just a week away. But, there’s a quiet battle for subscribers going on in the background and #Airtel seems to be taking the lead for the year.
According to the Telecom Regulatory Authority of India (@TRAI) subscriber data, #Airtel has added a little over 6.4 million subscribers in 2022 (until May), while its rivals #RelianceJio and #VodafoneIdea have both lost nearly 7 million each.
Avenue Supermarts’ (DMart) founder and CEO, #RadhakishanDamani, bought the most expensive home in India last year. The house, located in the Malabar Hill area of #Mumbai, was bought for a whopping ₹1,001 crore in April last year.
The 90-year-old house is said to be spread over 5,752 square meters. Notably, Damani is the 72nd richest man in the world with a networth of $19.7 billion as per Bloomberg Billionaires Index.
Urban #consumers are putting less money into their piggy banks as #savings have taken a hit due to increasing prices of fuel, food and beverage and massive household bills.
For 76% of urban #consumers, the rising cost of living is having an impact on their big plans, said a report.
35% consumers said that their household financial situation is deteriorating and 46% of them believe the general economic outlook of the country is negative.
India is a trade deficit country, meaning it imports more than it exports — this forces the country to maintain large forex reserves. The ongoing pressure on the #Rupee and its decline against #dollar pushed #RBI to put in place a mechanism to allow international trade in rupees.
Since India is a net importer – with its imports exceeding exports by over $87 billion in 2021-22 – and the value of Indian #Rupee declining consistently, #RBI’s latest decision to allow international trade in rupees is expected to reduce the pressure on India’s forex reserves.
Starting a business is never easy, more so for women. It is hard to find validation and convince people that you mean business.
Movie producer turned interior designer #GauriKhan, who ventured into creating luxurious spaces has not had it easy with her brand Gauri Khan Designs.
In conversation with @BiIndia, #GauriKhan says it is difficult for people to have real faith in you. “There will be a lot of people especially in my field, when they will have faith in you it is because you are married to so & so but on the other hand it's a drawback.” said Khan.