Rich Indians
TMS Ep362: Budget for rich, capex outlay, RBI rate hike, night light data
How does the Budget affect the super-rich? Has India's capex outlay actually increased? Will a dovish RBI bolster investor sentiments this week? How does night light data show progress? Answers here
Statsguru: Six charts that show India's rich remain reluctant givers
Overall CSR allocations appear to have taken a hit during the pandemic even as they became skewed towards certain sectors
 "Statsguru: Six charts that show India's rich remain reluctant givers")
18% of super-rich Indians invested in cryptos, NFTs last year: Report
In its Wealth Report released on Tuesday, Knight Frank said 18 per cent global UHNWIs now own cryptocurrencies or tokens, and 11 per cent have invested in NFTs (non-fungible tokens)
 "18% of super-rich Indians invested in cryptos, NFTs last year: Report")
Gautam Adani now Asia's second richest, earns Rs 1,000 crore daily
The tenth Hurun India rich list has Mukesh Ambani topping it for the 10th year in a row with Rs 7.18 trillion wealth - only 9 per cent up over 2020
 "Gautam Adani now Asia's second richest, earns Rs 1,000 crore daily")
Indians in US wealthier with average household earning of $123,700: Report
Indians in the US, with an average household earning of USD 123,700 and 79 per cent of college graduates, have surpassed the overall American population in terms of wealth and college education
 "Indians in US wealthier with average household earning of $123,700: Report")
Number of billionaires in India stands at 136 in FY21, 5 less from FY20
The number of billionaires in India came down to 136 in 2020-21 from 141 in 2019-20, based on the gross total income declared in the income tax return, FM Nirmala Sitharaman informed Parliament
 "Number of billionaires in India stands at 136 in FY21, 5 less from FY20")
From luxury cars to business jets, small-town tycoons aiming big
With growing revenues and surging aspirations, demand for luxury products growing in Tier 2, 3 cities
 "From luxury cars to business jets, small-town tycoons aiming big")
Affluent Indians seek second home to escape Covid-19 pandemic rage
Enquiries have jumped 20-40% vis-a-vis pre-Covid period, say realty agents
 "Affluent Indians seek second home to escape Covid-19 pandemic rage")
Why rich families are turning to pooled investment vehicles amid pandemic
Alternative investment funds are emerging as a popular alternative to multiple entity investingWhy rich families are turning to pooled investment vehicles amid pandemic
 "Why rich families are turning to pooled investment vehicles amid pandemic")
Porsche's bet: Rich Indians will show off EVs to boost their street cred
The Taycan "will open up a completely new segment of customers", Shetty said in an interview in New Dehli
 "Porsche's bet: Rich Indians will show off EVs to boost their street cred")
Old Monk most preferred liquor brand among rich Indians, says survey
Newspapers, not television, is option No.1 for the well-heeled in their quest for information
 "Old Monk most preferred liquor brand among rich Indians, says survey")
India ranks 3rd among nations that lost most millionaires in 2018: Report
China topped the list, as its economy is starting to show the impact of the trade battle with the US
 "India ranks 3rd among nations that lost most millionaires in 2018: Report")
As India becomes wealthier, 17 mn leave the country to settle abroad
The migrants are up from 7 million in 1990 and a 143% increase
 "As India becomes wealthier, 17 mn leave the country to settle abroad")
Have money, will spend
The future belongs to the Indian billionaire who advertised for a dozen servants to cater to his teenage daughter during her four years as a student at a Scotland University
 "Have money, will spend")
