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Read previewAnant Ambani — the son of Asia's richest man, Mukesh Ambani — married Radhika Merchant over the weekend. of the wedding, as I like to say," Merchant told Vogue in an exclusive interview. Nita Ambani oversaw the planning of the wedding festivities alongside her daughter, Isha Ambani, and her daughter-in-law, Shloka Ambani, Merchant said. A multi-day Indian celebrity wedding can require around 500 staff, wedding planners previously told Business Insider. The wedding festivities sparked some controversy over the weekend due to disruptions caused by traffic diversions and road closures.
Persons: , Anant Ambani, Mukesh Ambani —, Radhika Merchant, Nita Ambani, Merchant, Isha Ambani, Shloka Ambani, Mark Zuckerberg, Bill Gates, Anant, She's, Mama, Ambani's, Justin Bieber, Rihanna, Bharat Jagasia Organizations: Service, Vogue, Business Locations: Mumbai, Delhi
Indian Prime Minister Narendra Modi seemed to divert some attention from the lavish Ambani wedding in Mumbai. Posters bearing the PM's face lined the route to the ceremony for Anant Ambani and Radhika Merchant's wedding. Anant Ambani is the son of Mukesh Ambani, Asia's richest man. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIndian Prime Minister Narendra Modi has seemingly stolen some of the attention away from the lavish Ambani wedding in Mumbai this weekend.
Persons: Narendra Modi, Anant Ambani, Radhika Merchant's, Mukesh Ambani, , Kim Kardashian, Mike Tyson, John Cena — Organizations: Indian, Service, Business Locations: Mumbai
On Friday afternoon, Sneh Zala, 24, waited for celebrities to arrive on the red carpet for the wedding of Anant Ambani, the youngest son of India’s richest man, and Radhika Merchant, a daughter of a fellow business tycoon. The red carpet was set up in a room adorned with lanterns and red and orange garlands and floral arrangements. It’s not every day that Kim and Khloé Kardashian, John Cena and Boris Johnson gather in Mumbai for an Indian wedding. Mr. Zala was one of about 100 media members clamoring next to the red carpet, not a common addition at most weddings. But given the sheer amount of celebrities present, including Bollywood superstars, several members of the Indian cricket team, former prime ministers and billionaire businessmen, and the fabulous Indian clothes on display, a runway seemed in order.
Persons: Sneh, Anant Ambani, Radhika Merchant, Manav Manglani, It’s, Kim, Khloé Kardashian, John Cena, Boris Johnson, Zala, clamoring Organizations: Indian cricket Locations: Sneh Zala, Zala, Mumbai
Ambani is the youngest son of billionaire Mukesh Ambani, chairman of Indian conglomerate Reliance Industries. This was followed by a luxury cruise across the Mediterranean and yet more celebrations in July ahead of the big day. But a beautiful wedding doesn't need to be expensive and there are ways to put on a spectacular show with a much smaller budget, according to Manwani and Suglani. Couple Vanessa Acosta and Sam Roberts went even further, hosting their wedding in their own backyard on a budget of $3,000. So, then you're going to get the best suppliers, you're going to get the venue that you want at a reasonable price without paying the premiums."
Persons: Anant Ambani, Mukesh Ambani, Radhika Merchant, Ashish Vaishnav, Ambani, Mark Zuckerberg, Shah Rukh Khan, Karishma, Priya Suglani, Suglani, you've, Manwani, they're, Vanessa Acosta, Sam Roberts, Acosta, nobody's Organizations: Getty, Reliance Industries, CNBC, Suppliers Locations: MUMBAI, MAHARASHTRA, INDIA, Mumbai, Jamnagar, Indian, Gujarat, London
A Wedding Puts India’s Gilded Age on Lavish Display
  + stars: | 2024-07-12 | by ( Anupreeta Das | ) www.nytimes.com   time to read: +1 min
For much of the year, the festivities surrounding the nuptials of Anant Ambani and Radhika Merchant, the daughter of a fellow business tycoon, have grabbed eyeballs for their lavish displays of wealth. Millions have been spent on diamonds and emeralds the size of credit cards, on haute couture saris, on wedding invitations made of silver and gold. Billionaire businessmen, Bollywood stars, models and politicians were among the more than 1,200 guests at a pre-wedding bash in March. In May, the bride and groom-to-be threw a four-day party on a luxury cruise ship in the Mediterranean; Ms. Merchant told Vogue India they couldn’t find a land venue big enough to host all their guests.
Persons: Mukesh Ambani, Anant Ambani, Radhika Merchant, Bill Gates, Rihanna, Merchant Organizations: Vogue India Locations: Mumbai
(L to R) Anand Piramal, Mukesh Ambani, Radhika Merchant, Anant Ambani, Neeta Ambani, Isha Ambani Piramal, Shloka Mehta Ambani and Akash Ambani pose for the media during a photo opportunity at the red carpet ceremony to celebrate the engagement of Anant and Radhika at Ambani's Antilia residence in Mumbai, India, on Jan. 19, 2023. Mukesh Ambani is the billionaire chairman of Indian conglomerate Reliance Industries, and his youngest son Anant Ambani is marrying Radhika Merchant, the daughter of Viren Merchant, owner of Encore Healthcare. The billionaire family have spotlighted the glitz and glamour of Indian weddings on the world stage, and piqued people's curiosity about why weddings are such a big affair in Indian culture. Additionally, Indian weddings appear to be really spectacular because Indians tend to have big families, various religious and cultural events, and colorful attire and jewelry, according to Karishma Manwani, a London-based luxury wedding planner for Indian weddings. Manwani and Suglani explained the culture and tradition underpinning big Indian weddings.
Persons: Anand Piramal, Mukesh Ambani, Radhika Merchant, Anant Ambani, Neeta Ambani, Isha Ambani Piramal, Shloka Mehta Ambani, Akash Ambani, Anant, Radhika, Ambani's, Viren Merchant, Mark Zuckerberg, Shah Rukh Khan, Rihanna, Justin Bieber, Priya Suglani, Karishma, Manwani, Suglani Organizations: Reliance Industries, Encore Healthcare, BBC, London, CNBC, shimmer Locations: Mumbai, India, Jamnagar, Gujarat, London
Attendees dressed the part, streaming past photographers in custom sarees, lehengas and kurtas at an event that may set forthcoming trends in Indian wedding fashion. A lavish affairThe Ambani family has remained tight-lipped about proceedings in the build-up to Friday’s wedding, though rumors about the guest list and the identity of star performers have swirled in recent weeks. The celebrated couturier produced bespoke outfits for various members of the Ambani family throughout the month-long wedding celebrations. Sujit Jaiswal/AFP/Getty ImagesIt is not known precisely how much money the Ambani family has spent on the pair’s wedding celebrations. The weekend schedule concludes seven months of build-up to what has been described India’s wedding of year.
Persons: Anant Ambani, Radhika Merchant, Kim, Khloé Kardashian, Nick Jonas, Priyanka Chopra, Tony Blair, Rajinikanth, Sanjay Dutt, Ram Nath Kovind, Anant’s, Mukesh, John Cena, Francis Mascarenhas, Law Roach, Cherie Blair, Nick Jonas sparkled, sequins, Jonas, Prabal Gurung, Khloé, Nita Ambani, “ reimagine, Abu Jani Sandeep Khosla, Vijay Kumar, Monika Maurya, Ambani, Manish Malhotra, , Justin Bieber, haldi, Viren, Shaila Merchant, Anat Ambani, Mukesh Ambani, Nita, Sujit Jaiswal, Devanshi Zaveri, Jenica Kothari, It’s, , , Mark Zuckerberg, Bill Gates, Ivanka Trump, Rihanna, Pitbull, Isha, Anand Piramal Organizations: CNN, British, team, Reliance Industries, Forbes, Reuters Former British, Reuters International, New York Fashion, Brown University, Reliance, Encore Healthcare, Backstreet Boys, Beyoncé Locations: Mumbai, Varanasi, India’s Uttar Pradesh, AFP, , Antilia, Europe
Anant Ambani fiancée Radhika Merchant pose for a photo on the red carpet during their sangeet ceremony at Jio World Centre in Mumbai. All eyes are on this weekend's mega wedding in India, where the youngest son of Asia's wealthiest man prepares to tie the knot with his long-time sweetheart after months of lavish pre-wedding celebrations. Indian tycoon Mukesh Ambani — the country's richest man and the billionaire chairman of Indian conglomerate Reliance Industries — is throwing a three-day wedding bash for his son that kicks off on Friday. The groom is his 29-year-old son Anant Ambani and 29-year-old Radhika Merchant, the daughter of Viren Merchant, owner of Encore Healthcare. The Ambani family has stayed mum about the star-studded guest list, but multiple media reports have said 16-time Grammy award winner Adele could be one of the main performers.
Persons: Anant Ambani, Radhika Merchant, Mukesh Ambani, Viren Merchant, Ambani, Adele, Drake, Mike Tyson, Kim Kardashian, Ram Nath Kovind, Boris Johnson, Tony Blair, Mark Tucker, Jay Lee, Morgan Stanley's Michael Grimes, Gianni Infantino Organizations: Reliance Industries, Encore Healthcare, Wall Street, CNBC, Business, HSBC Holdings, Samsung Electronics Co, FIFA Locations: Mumbai, India, Hollywood, Bandra
Radhika Merchant and Anant Ambani's wedding begins on Friday. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA four-day cruise, a performance by Rihanna, and a mass wedding for 50 couples were all just the lead-up to the glitziest wedding of the year. Radhika Merchant and Anant Ambani , the youngest son of Asia's richest man , are getting married in Mumbai on Friday, with events following on Saturday and Sunday. This story is available exclusively to Business Insider subscribers.
Persons: Radhika Merchant, Anant Ambani's, Priyanka Chopra, Nick Jonas, Kim Kardashian, , Rihanna, Anant Ambani Organizations: Service, Business Locations: Mumbai
Asia's richest man is hosting a lavish wedding in Mumbai for his youngest son this weekend. Mumbai is already plagued by traffic and faces added congestion from the three-day wedding affair. AdvertisementAsia's richest man is throwing a massive wedding for his youngest son in Mumbai this weekend. Anant Ambani, son of Mukesh Ambani, is set to wed Radhika Merchant in a lavish affair. This story is available exclusively to Business Insider subscribers.
Persons: , Anant Ambani, Mukesh Ambani, Radhika Merchant, It's, Sonam Srivastava, Srivastava, Bill Gates, Mark Zuckerberg, Ivanka Trump Organizations: Service, Business, Mumbai Traffic Police, Wright Research, Convention, Immigration Locations: Mumbai, Bandra Kurla, Bandra, Jamnagar
"Now, when it comes to a high-net-worth wedding or a celebrity wedding, everything becomes 10 times or hundred times" of that cost, Aggarwal said. AdvertisementPlanners' cost estimates of the Ambani wedding varied widely, from tens of millions of dollars to hundreds of millions of dollars. For a big celebrity wedding, planners divide their staff into teams and hire hundreds of additional people leading up to and on the day of the ceremony. Setting a blueprint for other weddingsThe Ambani wedding is already influencing how other Indians are envisioning and planning their own nuptials. The festivities are slated to kick off Friday at the Jio World Convention Centre, which is owned by the Ambani family.
Persons: , Radhika Merchant, Anant Ambani, Ambani, Nishita Aggarwal, Nishita, Rihanna, Justin Bieber, Katy Perry, Pitbull, Purvi Modgil, Aggarwal, Isha Ambani, Anant Ambani's, Modgil, Darshan Shroff, We've, Abu Jani Sandeep Khosla, Tarun Tahiliani, Abu Jani, Sandeep Khosla, Ashish Vaishnav, Bharat Jagasia Organizations: Service, Business, Planning, Boys, Reliance, Forbes, butlers, Planners, Convention Locations: Mumbai, India, Getty, Delhi
An orange alert for heavy rainfall has been issued in Mumbai for the coming days. The weather warning coincides with the Ambani wedding, featuring a star-studded guest list. Over half the flights arriving in Mumbai on Friday are delayed, and Air India is warning travelers to leave extra time. AdvertisementHeavy rain could put a dampener on the celebrations of Anant Ambani and his wife-to-be, Radhika Merchant at their lavish wedding in Mumbai this weekend. The India Meteorological Department has issued an orange alert for the Maharashtra region, where Mumbai is situated, due to the possibility of heavy to very heavy rainfall over the next five days.
Persons: Ambani, , Anant Ambani, Radhika Merchant, India's, Mukesh Ambani, Kim Kardashian, John Kerry Organizations: Air, Service, India Meteorological Department, CNBC, Business Locations: Mumbai, Air India, Maharashtra
Anant Ambani, a son of the richest man in India, is marrying Radhika Merchant this weekend. The over-the-top festivities will partially held at the family's luxurious Mumbai home, Antilia. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRihanna, Justin Bieber, and Katy Perry have already serenaded Anant Ambani and Radhika Merchant in glittering parties that have captured the world's attention. This story is available exclusively to Business Insider subscribers.
Persons: Anant Ambani, Radhika Merchant, , Justin Bieber, Katy Perry, Mukesh Ambani, Anant Organizations: Service, Business Locations: India, Mumbai
But a wedding that spans seven months is an outlier — even in the extravagant world of big Indian weddings. January: The engagement partyActor Ranveer Singh and his wife actor Deepika Padukone attend the engagement ceremony in January. Ahead of the party, the Ambani family also hosted a communal dinner for more than 50,000 villagers outside Jamnagar. July 2-5: Mass wedding and musical nightBrides and grooms perform rituals during a mass wedding ceremony for underprivileged couples hosted by Anant Ambani's parents, Nita and Mukesh. The Ambani family residence Antilia, which will host some of the weekend's festivities, has been extravagantly decorated ahead of the ceremony.
Persons: Anant Ambani, Mukesh Ambani, Forbes, Radhika Merchant, Rihanna, Justin Bieber, you’ve, Ranveer Singh, Deepika Padukone, NIHARIKA KULKARNI, REUTERS Merchant, Aishwarya Rai Bachchan, Salman Khan, Ram Charan, Shah Rukh Khan, Aamir Khan, Reuters Don’t, Mark Zuckerberg, Bill Gates, Ivanka Trump, Jared Kushner, Ambani, Pitbull, David Guetta, Katy Perry, Andrea Bocelli, Anant Ambani's, Nita, Mukesh, Divyakant Solanki, Shutterstock, Nita Mukesh Ambani, Anant’s, Anamika Khanna, Sandeep Khosla, Adele, Drake, Lana Del Rey, Punit Paranjpe, “ Ashirwad, Mangal Utsav Organizations: CNN, REUTERS, Reliance Industries, Reuters, Tech, Backstreet Boys, des, Convention, Getty Locations: Rajasthan, Jamnagar, Gujarat, Sicilian, Palermo, Rome, Cannes, Portofino, , Palghar, Mumbai, , AFP, Antilia
Photographer Ramesh Shukla moved to Dubai in 1965. Sheikh Zayed and Sheikh Rashid watching a camel race in Sharjah, 1968. The next day, he returned to the racetrack and presented the photo to Sheikh Zayed, asking for his blessing — and it changed everything. Sheikh Zayed Bin Sultan Al Nahyan, the late emir of Abu Dhabi, signing the agreement to form the UAE’ on December 2, 1971. Ramesh ShuklaShukla's photos of the UAE's founding fathers (top) and Sheikh Zayed signing (bottom) are featured on the 50 dirham note.
Persons: CNN — “, ” Ramesh Shukla, Shukla, Ramesh Shukla, , , Sheikh Zayed, Sheikh Rashid, Sheikh Zayed Bin Sultan Al Nahyan, Sheikh Rashid bin Saeed Al Maktoum, Neel Shukla, Ramesh’s, , Tara, Neel, Ramesh, Ajman —, Ras, Khaimah, Neel —, ‘ Papa, ’ ” Organizations: CNN, United Arab Emirates, Ramesh, Emirates, United, UAE ’, Dubai Culture Locations: India, Dubai, Bombay, Mumbai, UAE, Sharjah, States, British, Arabian, Abu Dhabi, , Umm Al, United Arab, Ras Al, Emirates
Anant Ambani and Radhika Merchant held their sangeet, a pre-wedding celebration, on Friday. The event featured a star-studded guest list and a performance by Justin Bieber. The couple's wedding ceremony is from July 12 to July 14 in Mumbai, India. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The couple's upcoming nuptials hit social media in March when videos and photos surfaced of lavish pre-wedding festivities hosted by the Ambani family.
Persons: Anant Ambani, Radhika Merchant, Justin Bieber, , Ambani, Mukesh Ambani, Nita Ambani Organizations: Service, Reliance Industries, Reliance Foundation, Business Locations: Mumbai, India
Sujit Jaiswal/AFP/Getty ImagesThe Indian wedding industry has boomed since the country emerged from the pandemic. “And this is irrespective of the economic classes.”At about $15,000, the average Indian wedding costs more than three times the average annual household income. Indian weddings are often spread across several days, with an average guest list of 326, compared with 115 in the United States, according to The Knot Worldwide. Rihanna, couture and emeraldsThe average luxury Indian wedding can cost anywhere between $200,000 and $400,000, according to Jefferies. No luxury Indian wedding is complete without lavish meals, which at times involves flying in Michelin star chefs and the finest of ingredients from across the world.
Persons: Anant Ambani, Mukesh Ambani, Radhika Merchant, Mukesh Ambani’s, Tim Chi, Nita, Anant, Sujit Jaiswal, it’s, Jefferies, ” Jefferies, Nasir Kachroo, , Sima Taparia, Aditya Motwane, Priyanka Chopra, Nick Jonas, , you’ve, Ambani’s, Mark Zuckerberg, Bill Gates, Rihanna, Motwane, , Stringer, Knight Frank, Tina Tharwani, Nita Ambani, Olivier Polet, Tharwani, Virat, Vanessa Almeida, Almeida, videographers, Katy Perry, Andrea Bocelli, Rafiq Maqbool, Narendra Modi, ” Modi Organizations: New, New Delhi CNN, Silicon, CNN, Getty, Netflix, Motwane Entertainment, Shaadi, Michelin, Backstreet Boys Locations: New Delhi, Radhika Merchant . India, India, Mumbai, AFP, South Asia, Jammu, Kashmir, United States, Indian, Jamnagar, Monte Carlo, Jodhpur, Rajasthan, Florence, Indian Italian, Tuscany, Goa, Italian, Genoa
Extravagant pre-wedding celebrations have already sent Indian media into a frenzy and social media feeds are abuzz over what’s to come. Anant Ambani and Radhika Merchant at their pre-wedding celebrations in Jamnagar, Gujarat, India on March 1, 2024. The Ambani pre-wedding celebrations had elaborate floral arrangements. Actor Ranveer Singh and his wife and actor Deepika Padukone pose for a photo during the pre-wedding celebrations earlier this year. Coordinating with Merchant, Ambani also wore a custom black suit designed by Wun, encrusted with jewels.
Persons: Anant Ambani, Radhika Merchant, Mark Zuckerberg, Bill Gates, partygoers, Katy Perry, Andrea Bocelli, Mukesh, Nita Ambani –, Reuters Ambani, Mukesh Ambani, Ambani, Anant, Viren Merchant, Nita, Manish Malhotra, , Merchant, , Radhika, Mangal Utsav, Vishnu, Nita Ambani, Manish Malhotra Malhotra, Ranveer Singh, Deepika Padukone, Malhotra, Sabyasachi Mukherjee, Tarun Tahiliani, lehenga, Manish Malhotra Ambani’s, Rohit Bal, Lorraine Schwartz, Versace, Blake Lively, Robert Wun, ” Mareesha, Salman Khan, Ram Charan, Shah Rukh Khan, Aamir Khan, Narendra Modi, ” Parikh, Vanessa Almeida, Jamnagar Organizations: CNN, Backstreet Boys, Convention, Reliance Industries, Reuters, Bloomberg, Brown University, Reliance, pharma, Viren, Encore Healthcare, New York University, Vogue, sangeet, Sangeet, Merchant, All India Traders Locations: what’s, Jamnagar, Europe, Mumbai, Gujarat, India, Jamnagar ., Bharatnatyam, Agra, Uttar Pradesh, Hong Kong, Goa
“I hope to graduate college at 14 in spring 2026,” said Suborno, who recently became the youngest graduate from his Long Island high school. His high school uses a 100-point GPA scale rather than a 4.0 scale, says Suborno, who shared he earned around a 96 GPA for his first year of high school and a 98 for his second and final year. His father Rashidul teaches physics at Brooklyn Technical High school and his mother Shaheda is an elementary school teacher. “So I told my wife, ‘OK, there is nothing surprising here, he probably did it to capture attention,’” Rashidul Bari said. “That gives him lots of chances to have conversations with different levels of expertise, students, faculties, college presidents, so many people,” Rashidul Bari said.
Persons: Suborno Isaac Bari, he’s, , Suborno, tween, “ You’ve, Shaheda, Rashidul, , ” Rashidul Bari, , Rashidul Bari, Shaheda Bari, Refath, ’ ” Rashidul Bari, Barack Obama, “ It’s, I’ll Organizations: CNN, New York University, Malverne High School, WABC, NYU, Stony Brook University, City University of New, Brooklyn College, Brooklyn Technical, Mumbai University, Brown University, Mensa, NYU – Locations: India, Nassau County , New York, New York, City University of New York, Bari, , Shaheda Bari, Rashidul Bari, Refath Bari
Noemi Cassanelli/CNNA man works at Shaikh’s workshop in Dharavi slum on April 14. “All slum redevelopment is quite fraught,” Kamath said. Noemi Cassanelli/CNNWomen chatting in Dharavi on April 14 Noemi Cassanelli/CNNA woman carrying fabric walks along a narrow alley in Dharavi on April 14. He is India’s largest airport operator and owns India’s biggest private port operator and private thermal power operator. The state and Adani deny any wrongdoing, but that hasn’t stopped many residents from viewing Adani and his government ties with suspicion.
Persons: Noemi Cassanelli, Masoom Ali Shaikh, , , Gautam Adani, Jeff Bezos, ” Adani, ” Shaikh, ” Lofty, Dharavi, they’re, Lalitha Kamath, ” Kamath, aren’t, Dilip Gabekar, Narendra Modi, Adani, , Gabekar, Shaikh, They’re, Baburao Mane, Mane, CNN Neeta Jadhav, Neeta Jadhav, Jadhav, Dhanshuk Purshottamwala, He’s, Kamath, Prasant, hasn’t, Modi, ferociously, Reshma Prasant Organizations: CNN, India CNN, Adani, Tata Institute of Social Sciences, Reuters, Adani Enterprises, Bharatiya Janata Party, Private, Manohar Joshi, NDTV Locations: Mumbai, India, CNN Mumbai, Dharavi, Uttar Pradesh, Gujarat, Tamil Nadu, , Adani, Maharashtra, It’s, India’s
CNN —A super-rich Indian businessman took to social media to appeal for urgent blood donations for a critically ill puppy. Tata, who has 9.7 million Instagram followers, wrote: “I would really really appreciate your help. Ratan Tata has long been known for his concern for animals and set up a veterinary hospital in Mumbai earlier this year. Last year, the Press Trust of India estimated there were around 62 million stray dogs in the country, although experts say the real number would be nearly impossible to verify. In an Instagram post last year, he expressed concern for the safety of stray cats and dogs that shelter under cars during the monsoon season.
Persons: Ratan Tata, Instagram, Tata, , ” Tata, Indranil Aditya, Leo, Scooby, Ronny, Ivan, Sandeep Palav, Tito, Organizations: CNN, Tata Group, Tata Motors, Rover, Ford, Animal Hospital, Tata, Bloomberg, Getty, Tata Trusts, Press Trust of India Locations: Mumbai, Animal Hospital Mumbai, Casper, German
India has undergone a massive infrastructure push and has made significant strides in connecting and modernizing its highways, railways and airports. He's going to double down on that," said Samir Kapadia, CEO of India Index and managing principal at Vogel Group. "Along with creating physical infrastructure, India needs to remain steadfast on the structural reforms ... Increase foreign investmentsFrom veteran emerging markets investor Mark Mobius to global strategist David Roche, market experts remain bullish on India. Foreign direct investments into the country needs to however pick up pace to further drive economic growth and development, analysts told CNBC.
Persons: Vikram Singh, Narendra Modi, Modi, Reema Bhattacharya, Verisk, Modi's, he's, Samir Kapadia, Nirmala Sitharaman, Santanu Sengupta, Goldman Sachs, Sengupta, Richard Rossow, Kapadia, Sumedha Gupta, Vivek Prasad, Prasad, Mark Mobius, David Roche Organizations: Bharatiya Janata Party, BJP, Infrastructure, India Index, Vogel Group, Nurphoto, CNBC, Center for Strategic, International Studies, Padget Electronics, Dixon Technologies, Bloomberg, Getty, Research, India Electronics, Semiconductor Association, Economist Intelligence Unit, Centre, Monitoring, National Stock Exchange of, World Federation of Exchanges Locations: India, Asia, China, Mumbai, Noida, PwC India, National Stock Exchange of India
A pedestrian and jogger pass the Reserve Bank of Australia (RBA) building, during a partial lockdown imposed due to the coronavirus, in Sydney, Australia, on Monday, May 18, 2020. David Gray | Bloomberg | Getty ImagesAsia-Pacific markets rebounded on Tuesday as Wall Street rallied overnight, with investors assessing the Reserve Bank of Australia's interest rate decision. The RBA held its benchmark interest rate at 4.35% for its fifth straight meeting, saying that inflation "remains above target and is proving persistent." The RBA also noted that the economic outlook remained "uncertain," with recent data signaling that achieving the inflation target was unlikely to be smooth. Automaker Hyundai also hit a fresh record, gaining about 1.62% on news that it plans to list its India unit in Mumbai.
Persons: David Gray, Kazuo Ueda, Akio Toyoda, Kospi Organizations: Reserve Bank of Australia, Bloomberg, Getty, Wall Street, Bank, Japan's Nikkei, Reuters, Bank of Japan, Toyota, Samsung Electronics, SK Hynix, Hyundai, CSI Locations: Sydney, Australia, Asia, Pacific, Mumbai, Hong
The world’s biggest car market after China and the United States is the company’s third-biggest revenue generator globally. Hyundai India also said it wants to ship more cars, “strengthening” its position as an export hub. The South Korean parent will sell up to 142 million of the total 812 million shares, or 17.5%, in the IPO. With the IPO, Hyundai aims to unlock value for the Indian business and also help the Korean automaker shed its valuation discount compared to global and Asian peers. Hyundai is being advised on the IPO by investment banks Citi, JP Morgan, HSBC, Morgan Stanley and India’s Kotak.
Persons: Maruti Suzuki, Narendra Modi, JP Morgan, Morgan Stanley, India’s Organizations: Hyundai, Maruti, Tata Motors, Securities and Exchange Board of India, EV, South, Benchmark, Citi, HSBC Locations: India, Mumbai, Korean, China, United States, Hyundai India
Saurabh Netravalkar (left) bowled the decisive Super Over to help the USA to its famous victory over Pakistan at the Men's T20 Cricket World Cup. A momentous dayBorn and raised in Mumbai, India, USA bowler Saurabh Netravalkar began playing cricket from an early age. Such was the promise he showed that he was selected for India’s team for the Under-19 World Cup in 2010, finishing the tournament as the country’s leading wicket taker. Not only is the US one of the co-hosts for the T20 World Cup for the first time, but it is making its debut appearance on this stage. The USA's success at the T20 World Cup has captured the hearts and minds of supporters at its home games.
Persons: Saurabh Netravalkar, Matt Roberts, Netravalkar, , , Andrew Caballero, Reynolds, Aaron Jones, ” Jones, CNN’s Patrick Snell, Jones, Virat Kohli, Rohit Sharma, Adam Hunger, Ali Khan, Nosthush Kenjige, ” Kenjige, Stuart, , , , US –, We’ve Organizations: CNN, USA men’s, India, Pakistan, ICC, Ireland, India national, Cornell University, Cricket Council’s, USA, BBC, Veteran USA, USA Cricket, Stuart Law, Major League Cricket, US, Canada Locations: Pakistan, Mumbai, India, USA, New York, San Francisco, AFP, Queens , New York, Barbados, Caribbean, Dayton , Ohio, South Africa, New Zealand
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