Worth | ??0Updated 8 months ago ? GeneralAdani Hindenburg Case Verdict: Big Win For Adani Group As Supreme Court Rules In Its Favour
Nearly a year after the Adani-Hindenburg controversy, in which the Adani Group faced severe backlash following accusations of accounting frauds, stock manipulations, and money laundering by Hindenburg Research, the conglomerate has secured a significant victory. The Supreme Court ruled in favor of the Adani Group, dismissing the reliance on a third-party report and rejecting the transfer of the investigation from SEBI to SIT. The court urged the Government of India and SEBI to examine the allegations made in the Hindenburg report and take appropriate legal action if any infractions are found.
Tirumala Tirupati Devasthanams, the world's richest Hindu Temple, has amassed an impressive wealth of Rs 18,817.13 crore as of March 31, 2024. With 11,329 kg of gold worth Rs 8,496 crore and other investments, it surpasses big names like Wipro, Nestle, and ONGC. Excluding antique jewelry and properties, the temple's declared assets showcase its immense value. This marks the second time since 1933 that the temple has revealed its worth, demonstrating its sustained growth from rising devotee offerings and profitable investments.
Dr. Pemmasani Chandrasekhar, the Telugu Desam Party's candidate for the Guntur Lok Sabha seat, is the richest candidate in the Lok Sabha elections with assets worth ?5,785.28 crore. He completed his MBBS in 1999 and pursued a Master's degree in the US, where he started an edu-tech company. Chandrasekhar and his wife, Koneru Sriratna, are renowned investors, having invested in over 101 companies worldwide. However, the family also has liabilities exceeding ?1,000 crore
The Mouawad 1001 Nights Diamond Purse reigns as the world's most expensive handbag, priced at $3.8 million (Approx Rs 31 crore). It features an astonishing 4,517 diamonds, including 105 yellow, 56 pink, and 4,356 colorless diamonds. Following closely is the Hermes Kelly Rose Gold Handbag at $2 million (Approx Rs 16 crore), crafted from solid rose gold and adorned with 1,160 diamonds. The Hermes Birkin Bag by Ginza Tanaka and the Hermes Chaine'd Ancre Bag both share the third spot at $1.4 million (Approx 11 crore) each. The former is crafted from platinum and embellished with 2,000 diamonds, while the latter is adorned with 1,160 diamonds set in intricate anchor-shaped chain links. The Lana Marks Cleopatra Clutch completes the list at $400,000 (Approx Rs 3.3 crore), crafted from American alligator leather and adorned with 1,600 white diamonds.
Byju's, once valued at $22 billion, has seen founder Byju Raveendran's net worth plummet to zero. Founded in 2011, Byju's became India's most valuable startup, offering innovative online learning methods. However, a decline began as offline classes resumed post-Covid, leading to a loss of $327 million in 2021. Allegations of toxic work culture and financial mismanagement surfaced. Byju's defaulted on loans, faced legal issues, and its valuation dropped below $1 billion, prompting investor demands to remove Raveendran and his family from the company.
Savitri Jindal, chairperson of the O.P Jindal Group, leads India's richest women with a net worth of $35.5 billion. Rekha Jhunjhunwala inherited a substantial stock portfolio from her late husband Rakesh Jhunjhunwala, often dubbed India's Warren Buffett, and boasts a net worth of $8.5 billion. Vinod Rai Gupta, with a net worth of $5 billion, gained prominence through her ownership in Havells, founded by her late husband Qimat Rai Gupta. Renuka Jagtiani, chairperson and CEO of the Landmark Group, has grown the conglomerate after the passing of her husband Micky Jagtiani, reaching a net worth of $4.8 billion. Smita Crishna-Godrej, part of the Godrej clan, holds a one-fifth stake in the family's assets, with the Godrej Group earning $5.7 billion in revenue
The Indian government is planning to replace the current FASTag-based toll collection system with an advanced GPS-based system. Under this new system, toll charges will be deducted directly from bank accounts based on the distance traveled. This move aims to save time and money for travelers. Union Minister Nitin Gadkari highlighted the improvements in travel times, such as the Mumbai to Pune journey now taking only 2 hours instead of 9, saving seven hours of diesel. Public-private investments will fund these upgrades.
Balenciaga's latest creation, a bracelet resembling a roll of tape, has stirred up quite the buzz! Unveiled during Paris Fashion Week's Fall/Winter 2024 collection, this unconventional accessory bears the iconic Balenciaga logo and adhesive. While the price remains undisclosed, fashion influencers speculate it could fetch a hefty sum, possibly up to $4,400. This isn't the brand's first foray into quirky designs; previously, they launched a Towel Skirt priced at $925. Stay tuned for updates on this intriguing addition to Balenciaga's lineup! #BalenciagaBracelet #FashionTrends #ParisFashionWeek #LuxuryFashion
The IPL 2024 auction saw Mitchell Starc becoming the most expensive player, bought by Kolkata Knight Riders for ?24.75 crore. Pat Cummins followed closely at ?20.50 crore, joining Sunrisers Hyderabad. Other notable buys include Daryl Mitchell to Chennai Super Kings for ?14 crore, Harshal Patel to Punjab Kings for ?11.75 crore, and Alzarri Joseph to Royal Challengers Bangalore for ?11.50 crore. Spencer Johnson fetched ?10 crore from Gujarat Titans, while Shahrukh Khan was acquired by Gujarat Titans for ?7.40 crore.
Savitri Jindal, with a net worth of $28.9 billion, chairs the O.P Jindal Group, a conglomerate spanning steel, power, cement, and infrastructure. Rohiqa Cyrus Mistry, worth $9.2 billion, inherited her late husband's stakes in the construction empire. Rekha Jhunjhunwala, valued at $7.9 billion, inherited a substantial stock portfolio from her late husband, renowned investor Rakesh Jhunjhunwala. Vinod Gupta, worth $4.3 billion, derives her wealth from Havells India, founded by her late husband. Smita Crishna-Godrej, with $3.3 billion, holds a one-fifth stake in the storied Godrej clan's assets. Falguni Nayar, worth $2.7 billion, founded Nykaa, India's leading beauty retailer, making her the country's wealthiest self-made female entrepreneur
The upcoming temples in India represent a grand architectural and spiritual endeavor, each with its own unique significance and scale. The Hampi-based Hanuman Janmabhoomi Teertha Kshetra Trust plans to erect a 215-metre statue of Lord Hanuman, while ISKCON Chandrodaya Mandir in Vrindavan aims to be the tallest religious monument globally. Sri Chaitanya Chandrodaya Mandir in Mayapur will become the largest religious monument, and Viraat Ramayan Mandir in Bihar will be the world's largest Ramayan temple. The Jagannath Dham Sanskriti Kendra in Digha, West Bengal, is nearing completion, showcasing a rich cultural and architectural heritage.