Forbes’s much awaited annual list of India’s 100 richest tycoons is out. Reliance Industries Ltd (RIL) chairman Mukesh Ambani has once again bagged the pole position with a net worth of $22.7 billion.
Dilip Shanghvi retained his Number 2 spot with a net worth of $16.9 billion. His wealth had gone down by $1.1 billion following a drop in the shares of his Sun Pharmaceutical Industries, the world’s fifth-largest generics maker.
2. Blackstone to fuel BPO major Intelenet Global Services's revenue drive
Intelenet Global Services backed by Blackstone is looking to increase its revenue by $200 million over the next four years by mining the private equity giant's portfolio companies.
As per reports in major financial dailies, the BPO giant has set its eyes on a $1 billion revenue target by 2020. The world's largest PE firm bought Intelenet from Serco Group for $383 million.
3. Indian stock markets surge post US Fed Reserve keeping interest rates low
After days of trading flat and recording marginal gains, the BSE Sensex ended with a gain of 266 points at 28,773. The BSE Sensex opened at 28,767 touched an intra-day high of 28,872 and low of 28,693.
The NSE Nifty closed with a gain of 90 points at 8,867. The NSE Nifty opened at 8,873 hitting a high of 8,893 and low of 8,837.
The equity markets surged after the US Federal Reserve kept interest rates at a near-record low in its latest policy meeting.