Mansi Agarwal

New billionaires got more wealth via inheritance than work: UBS

A UBS report, which surveyed its billionaire clients, found that the majority of new-generation billionaires accumulated more wealth through inheritance than entrepreneurship. "A total of $150.8 billion was inherited by 53 heirs over the last year, exceeding the 84 new self-made billionaires' total of $140.7 billion," UBS said. The trend is expected to grow more over the next 20 years.

Dec 3rd, 2023

New billionaires got more wealth via inheritance than work: UBS

Hiral Goyal

Congress MP Manish Tewari took to X on Sunday to complain about persistent IndiGo flight delays. "This is the third IndiGo flight I'm taking this week that's delayed by over 90 minutes...The only reason I'd take IndiGo was that it used to be on time," he said. Responding to Tewari, IndiGo said his flight was delayed due to operational concerns.

Dec 3rd, 2023

IndiGo flight delayed by over 90 mins, 3rd time with me this week: Congress MP Tewari

Mansi Agarwal

The Union Labour Ministry has sent a show cause notice to Tata Group-owned Air India Express over disputes between the management and cabin crew, PTI reported. The notice reportedly alleges that the airline changed certain service conditions while conciliation proceedings related to the disputes were pending. Room sharing during layovers is among the concerns raised by the cabin crew.

Dec 3rd, 2023

Govt sends notice to Air India Express over staff concerns: Report

Mansi Agarwal

Amazon has signed a deal with Elon Musk-led SpaceX for three Falcon 9 launches to support deployment plans for its satellite internet service Project Kuiper. The project is set to rival SpaceX's Starlink internet service. Responding to the deal, Musk said, "We will treat them as well as we treat our own satellite launches. Fair & square."

Dec 3rd, 2023

Amazon chooses rival SpaceX to launch internet satellites

Hiral Goyal

Honda Cars India will increase the prices of its vehicles from January due to the pressure on input costs. "The model-wise amount of increase will be finalised by the end of this month," the company's Vice President of Marketing and Sales Kunal Behl said. Honda Cars currently sells three models - Elevate, City and Amaze - in the Indian market.

Dec 3rd, 2023

Honda to hike car prices from January

Pragya Swastik

The promoter group of Everest Food Products, known for Everest brand of spices, has purchased two more sea-view luxury apartments in Mumbai for more than ₹140 crore. The apartments were purchased in the Three Sixty West luxury skyscraper by Oberoi Realty in Mumbai's Worli, reports said. The family had recently bought another apartment in the same project for ₹73.50 crore.

Dec 3rd, 2023

Everest Food Products' promoters buy 2 apartments for ₹140 crore in Mumbai

Mansi Agarwal

Walmart has joined Disney and other companies that have recently stopped advertising on Elon Musk-owned social media platform X. "We aren't advertising on X as we've found other platforms to better reach our customers," a Walmart spokesperson said. Joe Benarroch, head of operations at X, said Walmart hasn't been advertising on X since October.

Dec 3rd, 2023

Walmart becomes latest firm to stop advertising on Musk's X

Hiral Goyal

Reliance Industries (₹16.19 lakh crore), Tata Consultancy Services (₹12.84 lakh crore) and HDFC Bank (₹11.80 lakh crore) are the top three NSE-listed companies on the basis of their market capitalisation. They are followed by ICICI Bank, Infosys, Hindustan Unilever Limited and Bharti Airtel. Notably, the total market capitalisation of companies listed on the NSE hit $4 trillion on December 1.

Dec 3rd, 2023

Which are the top NSE-listed companies as its m-cap hits $4 trillion?

Mansi Agarwal

Reliance Industries Chairman Mukesh Ambani said India's energy requirement is set to double by the end of this decade. However, he expressed confidence in India's capability to develop "smart and sustainable solutions" for affordable and clean energy. "From a 3.5 trillion-dollar economy today, [India] will become a 40 trillion-dollar economy by 2047," he added.

Dec 3rd, 2023

India's energy need to double by end of 2030: Mukesh Ambani

Ashley Paul

Billionaire Harsh Goenka said Swami Harshanand told him that BJP is winning Assembly polls in Chhattisgarh, Rajasthan and Madhya Pradesh due to "MHTMH". Goenka said he asked Swami Harshanand to explain how BJP managed a "phenomenal sweep" in the three states. 'MHTMH' stands for BJP's famous tagline, 'Modi hai toh mumkin hai', on which a song was released in 2019.

Dec 3rd, 2023

Swami Harshanand said BJP won in 3 states due to 'MHTMH': Goenka

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