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RBS in talks to sell Indian private banking unit to Sanctum Wealth

Last Updated: Monday, July 27, 2015, 20:05

Royal Bank of Scotland Group Plc is in talks to sell its Indian private banking business to Sanctum Wealth Management, a firm set up by its local private banking business head Shiv Gupta, a spokeswoman for the bank said on Monday.

Stock market investors become poorer by Rs 1.50 lakh crore

Last Updated: Monday, July 27, 2015, 18:54

Total investor wealth of BSE-listed companies plummeted by Rs 1,50,994.8 crore to Rs 1,02,62,579 crore.

Bill and Melinda Gates world's wealthiest couple: Wealth-X

Last Updated: Wednesday, July 22, 2015, 15:14

Bill Gates, who co-founded Microsoft in 1975, married Melinda, a Microsoft employee, in 1994.

India to be home to 4.37 lakh millionaires by 2018: Study

Last Updated: Wednesday, July 8, 2015, 17:16

Over the past year, the number of millionaires in dollar terms in the country rose from 196,000 to 250,000, registering an increase of 27 per cent.

CVC and Temasek to buy $2 billion generic drugs firm Alvogen

Last Updated: Monday, June 22, 2015, 13:37

European private equity fund CVC and Singaporean sovereign wealth fund Temasek are to buy a controlling stake in the pharmaceutical firm Alvogen, its chairman and chief executive said.

Bill Gates world's richest self-made billionaire: Wealth-X

Last Updated: Wednesday, June 17, 2015, 13:09

Warren Buffett with USD 70.1 billion took the second slot on the list. Spain's Amancio Ortega (USD 65 billion) came in next.

India has 4th largest ultra-high-net-worth households: Report

Last Updated: Tuesday, June 16, 2015, 12:19

India is home to the fourth largest number of ultra-high-net-worth households that have more than 100 million dollars in private wealth, according to a new report topped by the US.

Coal in the crosshairs in Europe but fuelling emerging markets

Last Updated: Sunday, June 7, 2015, 17:26

The International Energy Agency estimated in December that coal demand will continue to grow by an average of 2.1 percent through 2019, even if this is slower than the 3.3 percent average recorded in 2010-2013.

Market crash wipes out Rs 2.26 lakh cr from investor wealth

Last Updated: Tuesday, June 2, 2015, 21:05

Total investor wealth fell sharply by Rs 2.26 lakh crore Tuesday with the benchmark BSE Sensex plunging by 661 points, or 2.37 percent.

One year of Modi Govt: Ambanis down in stock market, Adani up

Last Updated: Monday, May 25, 2015, 18:33

As the Modi government completed its first year today, the stock market wealth has grown by over Rs 10 lakh crore in this period with conglomerates like Tatas, Adani, Bharti, HDFC and Sun Groups clocking huge gains.

South African Indians lead rise in new millionaires

Last Updated: Sunday, May 17, 2015, 19:47

They were among the 9 percent increase in the number of South Africans who have assets totalling more than USD 1 million.

Arun Pudur tops Asia's wealthiest under-40 list

Last Updated: Monday, May 11, 2015, 11:48

Pudur, a 37-year-old native of Chennai, founded Celframe in 1998 after graduating from university, and the software firm now produces the world's second most popular word processor after Microsoft.