Page 2 - Kumar Birla News Today

Mumbai: Indian billionaires increased their presence in the 2024 Forbes list of the World’s Billionaires to 200 from 169 last year. Leading the list is Mukesh Ambani, whose net worth surged to $116 billion from $83 billion, establishing him as the first Asian to enter the $100 billion club. Ambani maintained his status as the ninth wealthiest individual globally and continues to hold the title of India’s and Asia’s richest person.

India sets another record on Forbes’ World’s Billionaires list, with 200 names, a cumulative total nearing a trillion dollars and Asia’s very first centibillionaire.

The countrys largest producer of cement can now produce as much as 150% of cement produced in US, while equaling four-fifth of the total production of cement in Europe.

International business magazine, Forbes on Tuesday unveils the list of 200 richest people in the world as at March 8, 2024.

India Business News: Anil Naik's management style was characterized by being tough yet respectful. Despite the conflicts in the L&T boardroom, he never lost his cool and a

Anil Manibhai Naik joined L&T in 1965 as a junior engineer, became chief executive in 1999, chairman in 2003, group chairman in 2017 and chairman emeritus in 2023, handing over the reins to SN Subrahmanyan in September last year. "I am proud that we got a Rs 25,000-crore single order from Saudi Aramco, the worlds largest oil producer, to build a refinery in their country," says Naik, recipient of the Economic Times Award for Lifetime Achievement.

The Aditya Birla Group entered the Indian paints market on Thursday, looking to become the countrys second-largest player, with a plan to exceed ₹10,000 crore in revenue and turn profitable within three years of operations amid an anticipated boom in home and office construction.

Sushant Bhansali of Ambit Asset Management believes that the equity market rally in India is going to continue due to a broad-based market and positive changes in smallcaps. He expects margin expansion to reverse but with good sales growth. He sees opportunities in discretionary spending and expects competition in the paint industry to expand the market.

Birla entity aims to create installed capacity to manufacture paints that will be greater than combined current capacities of second, third and fourth players by end of first year in business

From manufacturing and growth to social sector spending and agriculture, Manmohan Singh’s government outperformed Narendra Modi’s on the economic front