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.
The second most expensive property was bought by Ravi and Neel Raheja — who are the promoters of real estate development company K Raheja Corp Promoters. The family bought three duplex apartments spanning across 66,811 square feet in the high-end Worli area for ₹427 crore.
JC Chaudhry, the managing director and founder of Aakash Educational Service, spent ₹150 crore to buy a house in Delhi. This was the fifth most expensive house sold in India last year. #Infosys co-founder Kris Gopalakrishnan who bought a house worth ₹76 crore in Bengaluru.
Here is the list of top 10 most expensive houses sold in #India since 2021👇
While most of the home owners on the list are business owners, it had some others too. The most popular name on the list is the investment banker-turned-author #ChetanBhagat who bought a house worth ₹11.6 crore in Delhi last month.
Chandrasekaran Natarajan, the chairperson of Tata Sons, also bought a home worth ₹98 crore in Malabar Hill. The director at #RelianceJio and Reliance Retail Manoj Modi, along with his family, also bought several properties in the last one year, cumulatively worth ₹192 crore.
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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.
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.
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.
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.