How did Adam rich die? Former Eight Is Enough child star’s cause of death revealed
Eight Is Enough child actor Adam rich passed away at 54 on January 7, 2023. The reason for his death has been revealed by the Los Angeles Medical Examiner's Office. Key Points
Economic TimesFrom Succession to hit book Pineapple Street: stories of the super-rich
A new wave of books is getting inside the intriguing inner sanctums of the mega-wealthy. Why do these stories fascinate generation after generation, asks Holly Williams. Key Points
BBCGovt can look at taxing rich farmers, says Reserve Bank MPC member
India Business News: Explore the possibility of imposing income tax on rich farmers to ensure fairness in the taxation structure. Read more about the views of MPC member Ashima Goyal. Key Points
Times Of IndiaAdidas x rich Mnisi Pride 2023 Collection: Price, release date, where to get, campaign controversy
German sportswear brand Adidas and South African fashion designer rich Mnisi have launched an apparel collection to celebrate Pride 2023. Heres where and at what price to buy it. Key Points
Economic Times‘Quiet luxury’: No flash, no logos, but big-time style
Call it stealth wealth, or quiet luxury. For the rich and those who aspire, logo-free fashion with outsized price tags is having a moment — at least among people who can spend in the face of higher inflation and a volatile economy. Key Points
The Indian Express
Investing is all about making money. Or is it really?
Competitive advantages are increasingly looking unpredictable. New capital is entering profitable sectors, new technologies are a threat, distribution networks are being disrupted and so on. Only a handful of businesses have been able to sustain prolonged outperformance. Such is the creative destruction nature of markets. Key Points
Economic TimesHumanity's progress may be in peril as climate change sweeps in
While progress has been made over the past 250 years, recent events suggest a reversal of fortune. Climate change poses the biggest threat to continued progress, and political arrangements have undergone profound changes. Key Points
mintWhy does Ridham Desai of Morgan Stanley find India attractive despite rich valuations?
Indian equities remain attractive despite high relative valuations due to strong earnings growth prospects and increasing bids from domestic and foreign investors, according to Morgan Stanley India's Managing Director, Ridham Desai. While relative valuations remain high, India's profit book, low market correlation with oil and US growth and lower beta to emerging markets, set up India for strong equity markets, Desai said. Key Points
Economic TimesMukesh Ambani only Indian in top 10 Hurun Global rich List, Gautam Adani slips to 23 rank; 15 new billionaires
According to the Hurun Global rich List, Gautam Adani lost Rs 3,000 crore every week over the last year. The biggest losers who saw their wealth plummet by billions are Jeff Bezos, Elon Musk, Sergey Brin, Larry Page and MacKenzie Scott followed by Gautam Adani and Family and Mukesh Ambani. Key Points
FinancialexpressMukesh Ambani only Indian in Hurun Global rich List’s top 10 billionaires, Gautam Adani slips
Reliance Industries Limited chairman Mukesh Ambani emerged as the only Indian among the top 10 billionaires on the 2023 M3M Hurun Global rich List. Billionaire Gautam Adani, on the other hand, has seen a sharp decline in his wealth. Key Points
India Today
Indian team boycotts Thai representatives at WTO talks
India Business News: Indian team boycotts Thai representatives at WTO talks. A comment by Thailand's ambassador to WTO accusing India of using 'subsidised' rice for capturing the export market has created a diplomatic storm. Get the latest updates on the boycott and diplomatic tensions. Key Points
Times Of IndiaBudget 2024: Govt can look at taxing rich farmers, says MPC member Ashima Goyal
Reserve Bank Monetary Policy Committee (MPC) member Ashima Goyal has suggested the possibility of imposing income tax on wealthy farmers to create fairness in the taxation structure, after the government transferred funds to support poor farmers. Goyal mentioned that government transfer payments to farmers act like a negative income tax, and introducing a positive income tax for affluent farmers could be considered. Key Points
Economic TimesTo Solve the Plastics Crisis, We Need to Calm Down About Plastics
It’s easy to feel that any action is futile. But consumers and producers can make a real difference by recycling more and adopting lighter-weight material. Key Points
mintWhat clamour for Coldplay tickets says about India's economy
Coldplay's 2025 Mumbai concert tickets sold out in 30 minutes, leading to high resale prices. This reflects India's rising disposable incomes and a trend of premium consumption. The middle class and affluent households are growing, with a shift towards luxury goods across various sectors, even as rural markets face stress. Key Points
Economic TimesMore Indians scale Mt Rs 1,000 cr as Chinese slip, Europeans lag
According to the Hurun India rich List 2023, there are 1,319 individuals with wealth over Rs 1,000 crore in the country, marking an increase of 216 individuals and 278 new entrants. This is the first time the list has surpassed the 1,300 mark, recording a 76% increase over the last five years. Key Points
Economic Times
If growth rate is not over 6%, India will remain lower middle economy by 2047: Raghuram Rajan
The former RBI chief said some southern states are growing with regards to population at below reproduction rate, in other words, the fertility rate has fallen below reproduction rate thus slowing the growth. In other words, we will start the process of aging at some point around that time, which leads to the alarming question if we don't grow faster, we will grow old before we grow rich, which means we all have all the burdens of an aging population to deal with also at that point, he opined. Key Points
Economic TimesHSBC hires UBS's Gautam Anand for role serving India's rich diaspora
“Our strategy is grow Singapore as an international wealth hub as part of our ambition to be Asias leading wealth manager,” Tommy Leung, the banks head of private banking for South Asia, said in the memo. Anands appointment will support the banks ability to serve clients across markets, said Leung, who joined the bank earlier this year also from UBS. Key Points
Economic TimesSalil Desai on how crazy, rich Indians are changing the atlas of consumption
“In a lot of segments, we will see clear divergence into what would earlier have been thought as essential spending and more luxury and high-ticket spending. We are reorienting our portfolios based on some of these themes, which is part of a broader theme that we are playing with called WESCO.” Key Points
Economic TimesView: iPhone 15-buyers, will you be my guinea pigs?
But with the right wait-and-watch approach, I do believe that I may be on to establishing a new trend: of using rich, enthusiastic purchasers of the latest cutting-edge upgrades and innovations - including age-reversal and death-postponing products and services - as guinea pigs. Once these products-services reach a dependable, cheap critical mass, I may pick and choose a few of them. Key Points
The Economic Times