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☆ Inside the Ambani wedding: Details you may have missed, according to a guest who was there all weekend
▼ + stars: | 2024-07-15 | by ( Maria Noyen | ) www.businessinsider.com time to read: +8 min

Unlike the main wedding festivities over the weekend, this event was "just for close family and friends," she said. AdvertisementMukesh Ambani, the Chairman of Reliance Industries, Isha Piramal, Anand Piramal, Nita Ambani, Anant Ambani, Rihanna, Radhika Merchant, Shloka Mehta Ambani and Akash Ambani stand on the stage. Decorations around the Ambani family's residence in Mumbai, India, ahead of the wedding of Anant Ambani on July 12. Priyanka Chopra Jonas and Nick Jonas attend the Ambani wedding on Friday. Kim Kardashian and Khloe Kardashian were among a number of high-profile guests at the Ambani wedding in Mumbai.

Persons: —, Anant Ambani, Radhika Merchant's, Merchant's, I'm, Nita Mukesh Ambani, Mukesh Ambani, Isha Piramal, Anand Piramal, Nita Ambani, Rihanna, Radhika Merchant, Shloka Mehta Ambani, Akash Ambani, Justin Bieber, You'll, They're, Ambani, Bhushan Koyande, Celebrities, Preston Bailey, Anant, Priyanka Chopra Jonas, Nick Jonas, Francis Mascarenhas, everyone's, Kim Kardashian, Khloe Kardashian, Kardashian, Narendra Modi, Luis Fonsi, John Cena, PUNIT PARANJPE, didn't, Law Roach Organizations: Service, Business, sangeet, Reliance Industries, Reuters, Staff, Hindustan Times, Getty Images Merchant, Vogue, Hollywood, Food, India's Locations: Mumbai, India, Bombay

☆ India’s economy and elections: Is the hype around Narendra Modi’s vision justified?
▼ + stars: | 2024-04-16 | by ( Diksha Madhok | Rachel Wilson | ) edition.cnn.com time to read: +9 min

New Delhi/London CNN —In just a few days, India will commence the world’s largest democratic election. So, is the hype around Modi’s India, which remains a largely impoverished country, justified? The world’s largest biometric database has also helped the government save millions by reducing corruption in welfare initiatives. Domestic investors, both retail and institutional, have been driving India’s stock market to unprecedented peaks. Still, India’s economy, much like its democracy, is far from perfect.

Persons: Narendra Modi, Indranil Mukherjee, Modi, Himanshu Sharma, Guido Cozzi, Arun Sankar, Billionaire Elon Musk Organizations: London CNN —, Getty, CNN, World, University of St, Unified, Bank, ”, National Stock Exchange of India, bourse, Bombay Stock Exchange, NSE, Shenzhen Stock Exchange, Hong Kong Exchange, World Federation of Exchanges, Macquarie Capital, Apple, Foxconn, Billionaire, International Labour Organization Locations: New Delhi, London, India, China, Beijing, Ajmer, Rajasthan, University of St Gallen, Switzerland, Asia’s, Washington, Sriperumbudur, Chennai, Mumbai's Churchgate, AFP

☆ The extravagant Ambani pre-wedding party was an affront to the millions of Indians in poverty, critics say
▼ + stars: | 2024-03-08 | by ( Joshua Zitser | Spriha Srivastava | ) www.businessinsider.com time to read: +5 min

But critics say it showed a telling disregard for the struggles of the many millions of Indians living in poverty. Spanning three days, the pre-nuptial event included a private performance by Rihanna, which estimates suggest cost up to $9 million. AdvertisementTripathi pointed out that 800 million of India's 1.4 billion population receive monthly food rations of wheat or rice. Sohini Kar, an associate professor at the London School of Economics, whose work focuses on urban India, told BI she agrees. Anant Ambani and Radhika Merchant serve traditional Gujarati food to villagers ahead of their pre-wedding celebrations on the outskirts of Jamnagar, India.

Persons: —, Anant Ambani, Asia's, Radhika Merchant, Rihanna, Nita Ambani, Shyam Bihari, WaterAid, Haldia, Rakhi Tripathi, Tripathi, Sohini Kar, Kar, St Louis Fed, Mukesh Ambani, Ratan Tata, Nita, Stringer Organizations: Service, Business, Bank, New, of Management, London School of Economics, BI, Oxfam International, St, Bloomberg, Architectural Digest, Reliance Foundation, Reuters Locations: India, Delhi, Asia, Mumbai, Jamnagar, Gujarat

☆ The Ambani family owns the world's most expensive private residence. Take a look at their Mumbai tower, Antilia, which cost $1 billion to build, has 3 helipads, and contains a 168-car garage.
▼ + stars: | 2024-03-07 | by ( Dan Latu | ) www.businessinsider.com time to read: +1 min

The Ambani family, which just threw a pre-wedding party for son Anant, has built a tower in Mumbai. The 27-story house, called Antilia, is said to be the most expensive private residence in the world. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMukesh Ambani, India's richest man, and his family live in a fittingly opulent 27-story tower on Mumbai's most exclusive street.

Persons: Anant, —, Mukesh Ambani Organizations: Service, Guinness, World Records, Business Locations: Mumbai, Europe

NEW DELHI (AP) — Indian police cleared a suspected Chinese spy pigeon after eight months' detention and released it into the wild Tuesday, news agency Press Trust of India reported. Police suspected it was involved in espionage and took it in, later sending it to Mumbai's Bai Sakarbai Dinshaw Petit Hospital for Animals. Eventually, it turned out the pigeon was an open-water racing bird from Taiwan that had escaped and made its way to India. It is not the first time a bird has come under police suspicion in India. In 2016, another pigeon was taken into custody after it was found with a note that threatened Indian Prime Minister Narendra Modi.

Persons: Mumbai's Bai Sakarbai Dinshaw, Narendra Modi Organizations: DELHI, Press Trust of, Police, Hospital for Animals, Bombay Society for, Indian Locations: Press Trust of India, Mumbai, Taiwan, India, Kashmir

☆ Netflix removed an Indian film after religious viewers criticized meat-eating characters
▼ + stars: | 2024-01-15 | by ( Yoonji Han | ) www.businessinsider.com time to read: +4 min

Read previewNetflix pulled an Indian film from its platform just days after it began streaming after backlash from right-wing Hindu groups, reports say. This story is available exclusively to Business Insider subscribers. The phrase "love jihad" refers to an Islamaphobic conspiracy theory purporting that Muslim men are seducing Hindu women to convert them to Islam. 'Fanaticism won, creativity lost'It's not the first time Netflix and other streaming platforms have faced pressure from religious Hindu groups. AdvertisementNetflix did not immediately respond to a request for comment from Business Insider.

Persons: —, Narendra Modi's, Shri Ram, Annapoorani, — Ramesh Solanki 🇮🇳 ( Organizations: Service, Netflix, Business, Hindu Parishad, Zee Studios Locations: Tamil Nadu

☆ Mary Ellen Mark: Vintage photos offer rare glimpse of Mumbai’s red-light district
▼ + stars: | 2024-01-05 | by ( Christy Choi | ) edition.cnn.com time to read: +15 min

CNN —Mary Ellen Mark couldn’t forget Falkland Road. Despite being harassed and intimidated, legendary photographer Mary Ellen Mark spent 10 years trying to take photos on Falkland Road. Mary Ellen Mark A young woman and her customer photographed by Mary Ellen Mark. Mary Ellen Mark Falkland Road's infamous cages, where sex workers were displayed to passersby and potential customers. Mary Ellen Mark A young woman and a child seen reflected in a mirror.

Persons: Mary Ellen Mark, Mary Ellen Mark couldn’t, ”, Falkland, ” Meredith Lue, Lue, didn’t, Mark, “ Saroja, ’, Mary Ellen Mark Friends, “, ” Lue, she’s, Asha, Mumtaz, Usha, Mary Ellen Mark Late, Mary Ellen Mark Falkland, wouldn’t, Champa, Martin Bell, ” Mark, Mary Ellen Mark Hidden, ” Bell, Mark’s, ’ ” Lue, Ward, They’re, they’ve, It’s, ” Mary Ellen Mark Organizations: CNN, New York Times, Mary Ellen Mark Foundation, GEO, Olympia, Mental Institution, Ward, Times, “ Locations: Mumbai, Bombay ”, Bombay, —, Falkland, “, Mumbai's, South India, America, Berlin, Germany, India, Seattle, Oregon

☆ Ferguson says reading Mumbai pitch will be crucial before India semi-final
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Nov 13 (Reuters) - New Zealand pace bowler Lockie Ferguson said on Monday they must accurately assess Mumbai's Wankhede Stadium pitch ahead of their World Cup semi-final against hosts India and look to tighten up their bowling at the traditionally high-scoring venue. "A lot of Indian grounds have been high scoring," Ferguson told reporters in Mumbai before Wednesday's clash. The pitch will be different... it's hard to read two days out. Ferguson said the statistics favoured batting first at the venue, with New Zealand looking to knock India out of the World Cup semi-finals for a second straight edition. "At the same time, it's not up to me and we have to play the game on the day," Ferguson added.

Persons: Lockie Ferguson, Glenn Maxwell, Ferguson, It's, We've, it's, we've, Shrivathsa Sridhar, Christian Radnedge Organizations: Afghanistan, New Zealand, Thomson Locations: BENGALURU, New Zealand, India, South Africa, Sri Lanka, Australia, Mumbai, New, Bengaluru

☆ India's Kuldeep expects tough semi-final for bowlers in Mumbai
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, Nov 13 (Reuters) - Indian spinner Kuldeep Yadav expects the bowlers to have a tough time at Mumbai's batsman-friendly Wankhede Stadium when the hosts take on New Zealand in their World Cup semi-final on Wednesday. Unlike in Twenty20, the bowlers have plenty of time to come back into the game," Kuldeep told reporters on Sunday after India beat the Netherlands. "But yes, you need a couple of early wickets to get on top of the game and the opponents." "Our preparation has been good and we've been able to play good cricket throughout the tournament. Kuldeep has claimed 14 wickets during India's run of nine straight victories at the tournament.

Persons: Kuldeep Yadav, Glenn Maxwell, Kuldeep, We've, we've, Shrivathsa Sridhar, Ed Osmond Organizations: New Zealand, England, Bangladesh, Sri, Afghanistan, India, Thomson Locations: BENGALURU, New, Africa, India, Sri Lanka, Australia, Netherlands, Zealand, Bengaluru

Regulators have so far not mandated any minimum net worth or investor qualifications for those trading stock options, and the stock markets almost always rise each year - both recipes for higher risk-taking and complacency. The "stark" increase in daily options trading turnover raises issues of investor protection, said Ajay Tyagi, former SEBI chief. The platform has seen an uptick in futures and options trading activity, Zerodha said in response to Reuters queries. Siddharth Joshi, a 36-year old from Surat in western India, said he lost 200,000 rupees trading options on Adani Enterprises (ADEL.NS) shares in January. "In options trading, I know my loss is capped but there is an opportunity to make maximum profit," he said.

Persons: Francis Mascarenhas, Mihir Vora, SEBI, Ashish Chauhan, Ajay Tyagi, Kailash, Bhavesh Shah, Shah, Zerodha, Siddharth Joshi, he's, Ira Dugal, Vidya Ranganathan, Raju Gopalakrishnan Organizations: Bombay Stock Exchange, REUTERS, Rights, Securities, Exchange Board of India, Trust Mutual Fund, National Stock Exchange of India Ltd, BSE Ltd, Reuters, Axis Mutual Fund, National Stock Exchange, Adani Enterprises, Thomson Locations: Mumbai, India, Rights MUMBAI, South Korea, Bhavesh, Ahmedabad, Surat

☆ India's state-run banks to lower bond purchases as liquidity tightens - treasurers
▼ + stars: | 2023-10-13 | by ( Dharamraj Dhutia | ) www.reuters.com time to read: +2 min

MUMBAI (Reuters) - India’s state-owned banks will slow government bond purchases in the weeks ahead as banking system liquidity tightens, treasury officials from nine state lenders said. REUTERS/Hemanshi KamaniBond yields have spiked since Oct. 6, when the central bank said it will keep monetary policy restrictive and sell bonds to manage banking system liquidity. These lenders have bought 253 billion rupees ($3 billion) of government debt since Sept. 22, including 100 billion rupees on Oct. 6. Banking system liquidity - the quantum of funds in the interbank market - has largely been in deficit from the middle of September. Bond traders expect the banking system’s cash position to stay in deficit because of tax payments and likely bond sales by the Reserve Bank of India (RBI).

Persons: “, ” Vijay Sharma, PNB Gilts, Bond Organizations: REUTERS, Banking, Reserve Bank of India, “ Locations: MUMBAI, ”, India

☆ India's banking system liquidity deficit jumps to over 4-year high
▼ + stars: | 2023-09-20 | by ( Dharamraj Dhutia | ) www.reuters.com time to read: +2 min

MUMBAI (Reuters) - India’s banking system liquidity deficit is at its widest in over four years ago, amid tax outflows and the lack of any major inflows, traders said on Wednesday. REUTERS/Hemanshi Kamani/File PhotoBanking system liquidity deficit jumped to 1.47 trillion rupees ($17.67 billion) as on September 18, the highest single day shortfall since April 23, 2019, while banks have borrowed a record 1.97 trillion rupees from the central bank’s Marginal Standing Facility window. Advance tax payments took place last week, while outflows towards Goods and Services tax will be completed by Wednesday, with bankers estimating aggregate outflows of up to 2.50 trillion rupees. Moreover, “another drain on rupee liquidity could be from RBI’s (Reserve Bank of India) FX intervention if depreciation pressures on the rupee persist,” said Gaura Sen Gupta, an economist with IDFC First Bank. The liquidity deficit will, however, narrow towards the end of this month and the beginning of October as government spending picks up and the I-CRR is completely wound down.

Persons: Hemanshi, ”, Gaura Sen Gupta, Upasna Bhardwaj Organizations: REUTERS, Goods, Services, Reserve Bank of India, IDFC, Bank, Kotak Mahindra Bank Locations: MUMBAI, India, RBI’s

REUTERS/Altaf Hussain Acquire Licensing RightsNEW DELHI, Sept 9 (Reuters) - India served millet, a staple for millions of Indians, to world leaders at a gala dinner at the end of the first day of the G20 Leaders Summit in New Delhi on Saturday. From leaf crisps to pudding, the foodstuff was served at the high table occupied by leaders including U.S. President Joe Biden, British Prime Minister Rishi Sunak and Japan's Prime Minister Fumio Kishida. The main course was a jackfruit pastry served with glazed forest mushrooms, millet crisps and curry leaf tossed Kerala red rice. Earlier this year, the versatile and climate friendly superfood grain featured at the White House state dinner for Indian Prime Minister Narendra Modi. "We encourage efforts to strengthen research cooperation on climate-resilient and nutritious grains such as millets, quinoa, sorghum, and other traditional crops including rice, wheat and maize," the statement said.

Persons: Altaf Hussain, Joe Biden, Rishi Sunak, Fumio Kishida, Droupadi Murmu, Millet, Narendra Modi, Krishn Kaushik, Aftab Ahmed, Alexander Smith Organizations: International Media Center, REUTERS, G20, U.S, British, Japan's, Indian, United Nations Food, Agriculture Organization, White House, Thomson Locations: New Delhi, India, DELHI, Mughlai, Russia, Ukraine

The Dharavi slum, about three-quarters the size of New York's Central Park, featured in Danny Boyle's Oscar-winning 2008 movie "Slumdog Millionaire". Only those who already lived in Dharavi before 2000, mostly ground-floor residents, will get free homes within the redevelopment. In interviews with Reuters, some Dharavi residents cited the billionaire's financial troubles as contributing to their concerns. Last month, a Mumbai court allowed SecLink to add Adani to its lawsuit, forcing the conglomerate to defend its position before judges. In early August, about 300 opposition supporters and residents gathered in Dharavi to object to Adani's involvement.

Persons: Adani, Gautam Adani's, Narendra Modi's, Danny Boyle's Oscar, SecLink, Eknath Shinde, Modi, Maharashtra's, Sandeep Shastri, Rajendra Korde, Radha Pawar, Srinivas, Mohammad Hasmat Ullah, Ullah, Dhwani Pandya, Aditya Kalra, Arpan Chaturvedi, Francis Mascarenhas, David Crawshaw Organizations: Adani, Consultancy, Reuters, SecLink Technologies Corporation, The, Modi's Bharatiya Janata Party, BJP, Modi's BJP, India's, Trust, Reuters ., Dharavi, Committee, Authority, Dhwani, Thomson Locations: Dubai, MUMBAI, rehouse, Dharavi, Maharashtra, The Dubai, Mumbai, Gujarat, snowballing

☆ A history of India's Dharavi slum and Adani's plans to redevelop it
▼ + stars: | 2023-08-28 | by ( ) www.reuters.com time to read: +2 min

MUMBAI, Aug 28 (Reuters) - Indian billionaire Gautam Adani aims to convert Mumbai's Dharavi slum into a modern city hub, while acknowledging that resettling its 1 million residents will be a challenging task. 2004-05: Maharashtra approves redevelopment of Dharavi and appoints Slum Rehabilitation Authority to plan the project. Dubai's SecLink consortium and India's Adani Group are among the bidders. Adani Group bids $614 million, India's DLF (DLF.NS) is among other bidders. 2023: State government awards the Dharavi project to Adani Group.

Persons: Gautam Adani, Dubai's, Adani, SecLink, SecLink doesn't, Dhwani Pandya, Aditya Kalra, David Crawshaw Organizations: Slum Rehabilitation Authority, Maharashtra Social Housing, Action League, India's, Adani, India's DLF, Dhwani, Thomson Locations: MUMBAI, Bombay, Mumbai, Maharashtra, Dharavi

☆ Factbox: World's largest commercial jet purchase orders by number of aircraft
▼ + stars: | 2023-06-20 | by ( ) www.reuters.com time to read: +3 min

[1/2] An IndiGo Airlines Airbus A320 aircraft is pictured parked at a gate at Mumbai's Chhatrapathi Shivaji International Airport February 3, 2013. INDIGO - 500 JETS - 2023IndiGo on Monday agreed to buy 500 single-aisle jets from Airbus, making it the single largest order of any aircraft. The Tata-owned airline's order comprises 400 narrowbody and 70 widebody planes. AMERICAN AIRLINES - 460 JETS - 2011American Airlines (AAL.O) in 2011 placed orders with Airbus and Boeing for a total of 460 airliners. INDIGO - 250 JETS - 2015India's biggest airline in 2015 finalised an order for 250 Airbus A320neo aircraft.

Persons: Vivek Prakash, Volaris Organizations: IndiGo Airlines Airbus, Shivaji, REUTERS, Airbus, Air, JETS, AIR, India, Boeing, Tata, AMERICAN AIRLINES, Airlines, INDIGO, Indigo Partners, Frontier Airlines, Airbus A320neo, UNITED AIRLINES, United Airlines, Thomson Locations: BENGALURU, India's, Air India, Europe, Southeast Asia, India, U.S

☆ Adani rout deepens despite soothing words from India's government and billionaires
▼ + stars: | 2023-02-06 | by ( Jihye Lee | ) www.cnbc.com time to read: +4 min

Indranil Mukherjee | Afp | Getty ImagesShares of most Adani Group companies fell further on Monday, continuing to drop as a feud between the conglomerate and short-seller firm Hindenburg deepened. Adani Green Energy , Adani Power and Adani Total Gas fell 5% each. The Sensex is the benchmark index of the BSE — formerly the Bombay Stock Exchange — and the Nifty 50 is the flagship index of the National Stock Exchange of India. Gautam Adani, chairman of Adani Group, speaks during the Forbes CEO Summit in Singapore, on Tuesday, Sept. 27, 2022. Adani Power is included on the long-term list, while Adani Enterprises, Adani Green Energy, Adani Ports and Special Economic Zone, Adani Transmission and Adani Total Gas are on the short-term list.

☆ Meet Gautam Adani, the Indian industrialist who started 2023 worth almost as much as Elon Musk, but whose wealth has plummeted rapidly
▼ + stars: | 2023-01-31 | by ( Grace Dean | ) www.businessinsider.com time to read: +6 min

Gautam Adani's wealth has fallen by more than a quarter over the first month of 2023. Adani founded the Adani Group, which was the target of a bombshell report by a short seller. Adani is founder and chairman of the Adani Group, a multinational conglomerate with businesses spanning energy, mining, ports, and airports. A report by Hindenburg Research, an investment-research firm and short seller, was the catalyst for the downwards spiral of Adani's wealth. According to Bloomberg, he holds close to 75% stakes in Adani Enterprises, Adani Power, and Adani Transmissions.

☆ Most Adani shares continue bloodbath as Asia's richest man loses $28 billion in a month
▼ + stars: | 2023-01-30 | by ( Jihye Lee | ) www.cnbc.com time to read: +2 min

Gautam Adani, chairperson of Indian conglomerate Adani Group, at the World Congress of Accountants in Mumbai on Nov. 19, 2022. Founder Gautam Adani, the richest man in Asia and once second only to Elon Musk, fell out of the world's top five richest to rank seventh on the Bloomberg's Billionaire Index. Despite small gains seen in Adani Enterprises, other affiliates of the Adani Group continued to plunge. Adani Total Gas and Adani Transmission both dropped by the daily 20% limit, Adani Green Energy fell more than 19%, and Adani Power lost 5%. India's Nifty 50 Index traded 0.6% lower on Monday and hovered at the lowest since mid-October 2022.

☆ Meet the Indian industrialist worth almost as much as Elon Musk after getting $42 billion richer this year
▼ + stars: | 2022-12-29 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

Gautam Adani is worth $119 billion, just $13 billion less than Elon Musk, per Bloomberg. The Indian industrialist is now worth $119 billion, according to the Bloomberg Billionaires Index. Adani is founder and chairman of the Adani Group, a multinational conglomerate with businesses spanning energy, mining, ports, and airports. Arnault is worth $162 billion and Musk about $132 billion. The Adani Group comprises seven listed companies that have 23,000 staff and are worth $166 billion, though that is down from $242 billion in August.

☆ India rates Mumbai's 'very poor' air quality as worse than smog-filled Delhi
▼ + stars: | 2022-12-08 | by ( ) www.reuters.com time to read: +1 min

MUMBAI, Dec 8 (Reuters) - Air quality in India's financial hub of Mumbai on Thursday was worse than smog-filled national capital New Delhi, raising concerns of long-term health risks to people living in the country's two highly populated cities. Mumbai's air quality was "very poor" and is expected to remain the same for the next two or three days, government data showed. Residents were advised to stay indoors and avoid long walks, according to a federal government website that charts air quality in Indian cities. India's capital New Delhi and its suburbs endure poor air every winter as colder, heavier air traps construction dust, vehicle emissions and smoke from the burning of crop stubble in the nearby states of Punjab and Haryana. Mumbai has so far not suffered poor air quality for prolonged periods, but Goenka, an executive trustee of non-profit Conservation Action Trust focused on urban ecological issues, said the city's air quality was likely to worsen due to infrastructure expansion.

Another group project, a $900 million port redevelopment in Kerala state, has been stalled for months by protesters. There have been no major protests to date against the Dharavi redevelopment. The redevelopment of Dharavi will be the fourth project Adani Realty has taken on in Mumbai and the 24th across four cities, according to its website. A spokesperson for the Adani group did not respond to a request for comment on the Dharavi bid. ($1 = 81.6750 Indian rupees)Reporting by Shilpa Jamkhandikar in Mumbai and Nandan Mandayam in Bengaluru; Editing by Conor HumphriesOur Standards: The Thomson Reuters Trust Principles.

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