Articles for tag: Battle, Bengalurus, centimillionaires, Dramatic, Elite, Forecasted, Growth, Igniting, increase, Resources, Surges, Wealthy

Market News

Bengaluru’s wealthy elite surges, with a forecasted 150% increase in centi-millionaires, igniting a battle for resources amid dramatic growth.

Bengaluru’s wealthy elite surges, with a forecasted 150% increase in centi-millionaires, igniting a battle for resources amid dramatic growth.

Bengaluru is witnessing an impressive surge in its ultra-wealthy population, expecting a 150 percent increase in centi-millionaires over the next 16 years. Currently, the city boasts about 13,200 millionaires with a total investable wealth of Rs 800 crore. This growth reflects a trend seen globally, where the centi-millionaire population has surged by 54 percent in ...

Market News

The Fed’s unexpected rate cut sparks global market tensions, igniting fears of a looming recession as policymakers scramble to respond.

The Fed’s unexpected rate cut sparks global market tensions, igniting fears of a looming recession as policymakers scramble to respond.

The Federal Reserve’s recent decision to cut interest rates by half a percentage point is likely to influence global monetary policies. Fed Chair Jerome Powell reassured the public that the U.S. economy remains stable, despite fears of recession. This rate cut provides relief to emerging markets facing high U.S. borrowing costs, allowing them to adjust ...

Market News

Hezbollah faces escalating tensions with Israel after deadly pager explosions, igniting fears of a wider Middle East conflict.

Hezbollah faces escalating tensions with Israel after deadly pager explosions, igniting fears of a wider Middle East conflict.

Hezbollah has faced a surge in tension with Israel after hand-held radios it uses detonated in Lebanon, following a series of pager explosions that injured nearly 3,000 people, including members of the militant group. This attack marked a significant escalation in the ongoing conflict between Hezbollah and Israel. As a result, Hezbollah launched a rocket ...

Market News

Revolt Motors unveils its affordable RV1 electric motorcycle, igniting fierce competition in India’s burgeoning e-motorbike market.

Revolt Motors unveils its affordable RV1 electric motorcycle, igniting fierce competition in India’s burgeoning e-motorbike market.

Revolt Motors has launched its first electric motorcycle, the RV1, priced at an introductory cost of Rs 84,990. This comes after competition from Ola Electric’s Roadster series, which starts at Rs 74,999. The RV1 is available in two battery options, offering a range of up to 160 km. Additionally, a premium variant, the RV1+, is ...

Market News

Baba Kalyani battles his brother over conflicting Wills, igniting a dramatic family feud over Kalyani Group’s vast assets.

Baba Kalyani battles his brother over conflicting Wills, igniting a dramatic family feud over Kalyani Group’s vast assets.

Baba Kalyani, Chairman of Bharat Forge, has refuted his brother Gaurishankar’s claims about a new Will from their late mother, calling it misinformation. This family feud involves a court dispute over the legitimacy of wills regarding the Kalyani Group’s assets, including Bharat Forge, valued at over Rs 74,000 crore. Gaurishankar has filed an affidavit contesting ...

Market News

Elon Musk’s controversial comments follow a second assassination attempt on Trump, igniting outrage and debate over political violence.

Elon Musk’s controversial comments follow a second assassination attempt on Trump, igniting outrage and debate over political violence.

Elon Musk, the CEO of Tesla and a known supporter of Donald Trump, made headlines recently after reacting to another assassination attempt on the former president. Musk questioned on social media why there appears to be no threats against President Joe Biden or Vice President Kamala Harris, a comment that sparked significant backlash online. The ...

Market News

In a dramatic showdown, India’s aggressive coach Gambhir faces Bangladesh, igniting fierce competition as Kohli leads the charge.

In a dramatic showdown, India’s aggressive coach Gambhir faces Bangladesh, igniting fierce competition as Kohli leads the charge.

India’s cricket team, led by head coach Gautam Gambhir, is gearing up for a two-match Test series against Bangladesh starting September 19 in Chennai. Former cricketer Ajay Jadeja highlights Gambhir’s aggressive coaching style, promising a dynamic and exciting approach. He believes Gambhir will actively push the team and avoid a passive attitude during the matches. ...

Market News

Amid escalating tensions, the Houthis threaten maritime safety, targeting vessels and igniting fears of an environmental disaster in the Red Sea.

Amid escalating tensions, the Houthis threaten maritime safety, targeting vessels and igniting fears of an environmental disaster in the Red Sea.

A European Union naval mission is working to salvage the Greek-flagged oil tanker Sounion, which has been burning in the Red Sea following attacks by Yemen’s Houthi rebels. The mission aims to create a secure environment for tugboats to assist with the towing operation. Since August 21, the Houthis have targeted over 80 vessels, leading ...

Market News

Byju’s faces a shocking bankruptcy ruling in the U.S., conflicting with ongoing insolvency proceedings in India, igniting creditor disputes.

Byju’s faces a shocking bankruptcy ruling in the U.S., conflicting with ongoing insolvency proceedings in India, igniting creditor disputes.

Byju’s, the Indian ed-tech giant, faces a surprising US court ruling that placed its subsidiaries into involuntary Chapter 11 bankruptcy due to non-compliance with creditor demands. This decision impacts companies like Neuron Fuel Inc. and Epic! Creations Inc., conflicting with ongoing insolvency proceedings in India. Byju’s Interim Resolution Professional, Pankaj Srivastava, is seeking to halt ...

Market News

Delhivery accuses Ecom Express of misrepresenting business metrics in their IPO prospectus, igniting a fierce rivalry in logistics.

Delhivery accuses Ecom Express of misrepresenting business metrics in their IPO prospectus, igniting a fierce rivalry in logistics.

Delhivery, a logistics company backed by SoftBank, has accused its competitor Ecom Express of wrongly representing business metrics in its draft IPO documents. The dispute centers on shipment volumes and other financial figures, with Delhivery claiming Ecom Express has misclassified shipments by double-counting some returns. For instance, while Ecom Express reported 514.41 million shipments, Delhivery ...

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