India among top 3 nations generating most billionaires

Last Updated: Wednesday, February 4, 2015, 17:15

The India list gives details of the richest people in the country with a cut off wealth of Rs 6,000 crore.

France`s controversial tax on the super-rich: A timeline

Last Updated: Sunday, January 4, 2015, 11:36

A controversial tax on the super-rich imposed by the government of French President Francois Hollande in a bid to boost the ailing economy is set to come to an end.

France drops its super tax on millionaires

Last Updated: Wednesday, December 31, 2014, 15:32

It was supposed to force millionaires to pay tax rates of up to 75 per cent: "Cuba without the sun," as described by a critic from the banking industry.

Steel baron Lakshmi Mittal drops down South Africa rich list

Last Updated: Sunday, December 7, 2014, 20:17

Mittal's 52 percent holding in ArcelorMittal, worth 6.3 billion rands, now places him at 13th position from 9th last year, 3rd before that, while he topped the list for the preceding six years.

Billionaire bashed for putting rich-haters on par with Nazis

Last Updated: Tuesday, January 28, 2014, 11:46

Billionaire Silicon Valley venture capitalist Tom Perkins was at the centre of a social media firestorm for comparing protests against the rich to Nazi persecution of Jews.

Widening rich-poor wealth gap biggest risk for decade: WEF

Last Updated: Thursday, January 16, 2014, 19:41

A growing rich-poor income gap is the biggest risk the world is facing for the next decade, while failure to create a sustainable healthcare system may create social unrest in countries like India, the World Economic Forum (WEF) said Thursday.

World's super-rich hold a fifth of their wealth in real estate

Last Updated: Wednesday, January 15, 2014, 14:28

The world's super rich people hold a fifth of their wealth in property, estimated at USD 5,328 billion, while Asia's ultra rich have a greater share in real estate, a report says.

France to host 2015 summit to finalise deal on global warming

Last Updated: Friday, November 22, 2013, 19:08

France was Friday officially named as the host of the next climate conference in 2015 designed to seal a deal to tackle global warming.

'Avg age of India's super rich 63 yrs; China youngest at 53'

Last Updated: Tuesday, November 19, 2013, 16:01

According to the Wealth-X and UBS Billionaire Census 2013, the average age of China's 157 billionaires is nine years younger than the global average.

Rising inflation, falling rupee hit fortune of India's richest

Last Updated: Monday, November 11, 2013, 16:24

Rising inflation and falling rupee seem to have hit the fortune of India's 100 richest people, but they have still managed to beat the growth in Indian stock market valuation.

India home to 103 billionaires; 6th largest globally

Last Updated: Thursday, November 7, 2013, 13:11

India has more number of billionaires than France, Saudi Arabia, Switzerland and Hong Kong and is home to the sixth largest group of super rich population in the world.

China asks rich nations to pay for action on climate change

Last Updated: Tuesday, November 5, 2013, 21:32

Ahead of a number of key meetings on climate change, China Tuesday asked developed nations to pay their committed amounts to finance efforts to combat global warming.