FORBES INDIA
![10 Best-Selling Air Purifiers of July 2024 in India](https://img.etimg.com/thumb/msid-112045866,width-100,height-75,resizemode-4/top-trending-products/news/best-selling-air-purifiers-of-july-2024-in-india.jpg)
10 Best-Selling Air Purifiers of July 2024 in India
In July 2024, air purifiers continue to be a vital household appliance in India, addressing concerns about air quality in urban and rural areas alike. This month’s list of best-sellers highlights a range of models designed to cater to various needs, from compact units for small rooms to advanced systems for larger spaces. Featuring top brands and innovative technologies, these air purifiers promise effective filtration and improved indoor air quality, making them popular choices among consumers.
![Hindujas 'appalled' by Swiss court's jail term order; File appeal](https://img.etimg.com/thumb/msid-111193843,width-100,height-75,resizemode-4/news/india/hindujas-appalled-by-swiss-courts-jail-term-order-file-appeal.jpg)
Hindujas 'appalled' by Swiss court's jail term order; File appeal
The statements follow a hearing in the Swiss city of Geneva after prosecutors opened the case for alleged illegal activity, including exploitation, human trafficking and violation of Switzerland's labour laws. The family members were accused of seizing the workers' passports, barring them from leaving the villa and forcing them to work very long hours for a pittance in Switzerland, among other things.
![Hinduja family members get jail term for to up to 4.5 years for exploiting servants; family issues statement](https://img.etimg.com/thumb/msid-111173815,width-100,height-75,resizemode-4/news/india/swiss-court-sentences-4-members-of-hinduja-family-to-up-to-4-1/2-years-for-exploiting-their-servants.jpg)
Hinduja family members get jail term for to up to 4.5 years for exploiting servants; family issues statement
Hinduja family members jal: A Swiss criminal court has sentenced four members of the wealthy Hinduja family to between four and 4 1/2 years in prison for exploiting their domestic workers. The court, however, dismissed more severe charges of human trafficking. The family members were accused of exploiting mostly illiterate Indian workers at their Geneva villa, including withholding passports, paying in Indian rupees instead of Swiss francs, and imposing long working hours under restrictive conditions.
![AIF & PMS Conclave 2.0: Saurabh Mukherjea on five big themes in India where investors stand to benefit](https://img.etimg.com/thumb/msid-111115822,width-100,height-75,resizemode-4/markets/stocks/news/aif-pms-conclave-2-0-saurabh-mukherjea-on-five-big-themes-in-india-where-investors-stand-to-benefit.jpg)
AIF & PMS Conclave 2.0: Saurabh Mukherjea on five big themes in India where investors stand to benefit
Market veteran Saurabh Mukherjea on Wednesday said five big themes that have contributed to a rise of new elite in India can make their way into the portfolios of investors looking for consistent returns.
![Global PE very active in buying out promoter stakes in listed companies: Gautam Trivedi](https://img.etimg.com/thumb/msid-110932541,width-100,height-75,resizemode-4/markets/expert-view/global-pe-very-active-in-buying-out-promoter-stakes-in-listed-companies-gautam-trivedi.jpg)
Global PE very active in buying out promoter stakes in listed companies: Gautam Trivedi
But my view is that it is a global product and while we have seen consumption both for defence and railways and infrastructure explode in this country, thanks to the Modi government, I still think that the overall pricing is determined by global factors.So, if prices for steel, for example, were to fall in Shanghai, that impact does come through in our markets as well.
![Indian entrepreneur shares plight of Schengen Visa delays, says even Rs 4 lakh and months of waiting aren't enough](https://img.etimg.com/thumb/msid-110456913,width-100,height-75,resizemode-4/nri/latest-updates/indian-entrepreneur-shares-plight-of-schengen-visa-delays-says-even-rs-4-lakh-and-months-of-waiting-arent-enough.jpg)
Indian entrepreneur shares plight of Schengen Visa delays, says even Rs 4 lakh and months of waiting aren't enough
An Indian investor based in London, Aashima Arora, missed an international flight despite spending over Rs 4 lakh and waiting months for a Schengen visa to visit Denmark. Arora, a venture capitalist at LocalGlobe, expressed frustration over the lengthy visa process, highlighting the impact on her business plans. The wait time for Schengen visas remains particularly high for Indian travelers.
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Better placed than many: 4 stocks from different sectors, common thread, MOAT of strong brands, with an upside potential of up to 43 %
When GST was introduced, there was an argument on the street about business shifting from unorganized to organized sector. There were some businesses, where unorganized players were at an advantage because of the fact that they were able to evade taxes and stay competitive. Now that GST has been implemented some sectors have actually seen that advantage due to tax arbitrage going away. This has led to a situation where some companies which had strong brands gained market share. Especially in industries whose overall size is not very large but brands play an important role. For example mattress, small kitchen appliances, water purifiers, the overall size of these industries may not be very large but the players who have strong brands have a huge advantage and are able to charge a premium at all times and they have become a stronger player on the street also. Yes, they may not see very high growth year after year, but their cash flows are stronger in times of slowdown, they tend to outperform.
10 Best Swimming Costumes for Women that ensure comfort and style
Your search for a premium quality swimming costume for women ends here. Since most of us will be having the best time at the pool, beach, or at the ocean this summer vacation. We have curated a list of 10 best swimming costumes for women that will help you make a style statement this summer season. We have included several brands with modest designs that provide high coverage and will help to boost your confidence.
Meet India's brightest young minds: Forbes unveils '30 under 30' Asia list
Forbes recently unveiled its 9th edition of the "30 Under 30 Asia" list, showcasing young leaders and innovators under 30 across the Asia-Pacific region. Among the Indian talents are Pavithra Chari of Shadow and Light, known for musical prowess, and Arpan Kumar Chandel, aka King, a rapper. Kush Jain co-founded ORama AI, aiding the visually impaired in learning Braille. Kunal Aggarwal's Credflow offers cashflow management for SMEs, while Aalesh Avlani's Credit Wise Capital provides innovative motorcycle loans. These young Indians represent diverse fields and highlight exceptional talent and entrepreneurial spirit.
Forbes 30 Under 30: Statiq founders Akshit Bansal, Raghav Arora & TDC founder Bhagya Shree Jain find a spot
Forbes has released its ninth edition of the "30 Under 30 Asia" list, celebrating 300 young entrepreneurs, leaders, and trailblazers under 30 driving innovation and transforming industries across the Asia-Pacific region. The list includes India's Akshit Bansal and Raghav Arora, co-founders of Statiq, and Bhagya Shree Jain, Founder of The Disposal Company. Sharify Services, founded by Bansal and Arora, offers a nationwide network of charging stations for electric vehicles.
This 19-year-old girl is world's youngest billionaire: Here is all about college student Livia Voigt
A 19-year-old Brazilian student, Livia Voigt, claims the title of the world's youngest billionaire, surpassing Italian teen Clemente Del Vecchio. Voigt, heiress to a major electrical motors manufacturer, holds a net worth of $1.1 billion. Meanwhile, Del Vecchio, with assets totaling $4.8 billion, inherits a significant stake in his father's eyeglasses company. India's youngest billionaires include Zerodha and Flipkart founders.
India's newest billionaires list include a doctor, a CA and an MBA graduate who gave up a Rs 30,000 job
India has seen a surge of 25 new billionaires according to the latest Forbes list. The Indian stock market's bullish trend has propelled a record-breaking presence of 200 Indian billionaires on Forbes' 2024 list, up from 169 the previous year. New entrants include Dr. Naresh Trehan, a renowned surgeon turned healthcare entrepreneur, Vijay Agarwal, managing director of Action Construction Equipment and Motilal Oswal
Renuka Jagtiani is India's newest billionaire: Check out Landmark Group CEO's net worth, job, education and more
Renuka Jagtiani holds a Bachelor's degree in Arts from the University of Mumbai. She has received recognition for her outstanding business acumen, including awards such as the Outstanding Asian Business Woman of the Year in 2007 and Businesswoman of the Year in 2012, reported TOI.
Meet India's richest women: Savitri Jindal tops Forbes' list with $35.5 billion net worth
Savitri Jindal's rise to being one of India's richest women reflects a broader trend of women's empowerment in the country's business landscape. As the matriarch of the Jindal Group, she took over the conglomerate after her husband's passing and led it to remarkable success. Alongside her, other women like Rekha Jhunjhunwala, Vinod Rai Gupta, Renuka Jagtiani, and Smita Crishna-Godrej are making significant strides in business, reshaping the narrative of success in India. Jindal's philanthropy and political career further highlight her multifaceted impact.
Byju Raveendran's net worth plummets to zero, as per Forbes Billionaire Index 2024; Here're others who fell off the list
Forbes' Billionaire Index 2024 highlights a drastic decline in Byju Raveendran's net worth, plummeting from ₹17,545 crore ($2.1 billion) to zero. This sharp downfall follows crises within his startup, Byju's, once valued at $22 billion. The company's financial woes, including a staggering net loss exceeding $1 billion, led to a significant devaluation, with BlackRock marking its worth at just $1 billion. Shareholders recently voted to remove Raveendran as CEO amidst ongoing challenges.
Forbes Richest List 2024: Here are the top 10 richest persons in India
Forbes' latest '2024 Billionaires List' sees Mukesh Ambani topping as Asia and India's richest individual, with a wealth surge to $116 billion. The roster includes 200 Indian billionaires, up from 169 last year, amassing a combined $954 billion, a 41 percent increase. Gautam Adani follows Ambani, with a net worth of $84 billion. Savitri Jindal remains India's wealthiest woman, with $33.5 billion.
Forbes Richest List 2024: Bernard Arnault retains title as World's richest person with $233 bn fortune; Report records 2781 billionaires worldwide
Bernard Arnault maintains his position as the world's richest person in 2024, with a fortune of $233 billion, driven by LVMH's exceptional performance. His strategic acquisitions and focus on succession planning highlight his visionary leadership. Globally, the number of billionaires has reached a record high, with significant concentrations of wealth in the United States, China, and India. Arnault's continued success underscores his enduring impact on the luxury goods industry and the global economy.
Youngest Indian billionaire in Forbes list is a school dropout. He shares the biggest moment of his life
Nikhil Kamath, aged 37, is India's youngest billionaire, valued at $3.1 billion, according to Forbes 2024. His elder brother, Nithin Kamath, 44, is worth $4.6 billion. Nikhil, a school dropout, entered trading after starting at a call center. Co-founding Zerodha in 2010 transformed their fortunes. Kamath emphasizes timing's significance, crediting luck and supportive colleagues.
India's fourth-youngest billionaire admits he was a 'below average student' and blew up all money in his 20s
Nithin Kamath, aged 44, is the fourth youngest Indian billionaire on the latest Forbes list, with a net worth of $4.8 billion, while his brother Nikhil Kamath, aged 37, ranks as the youngest Indian billionaire, with a net worth of $3.1 billion. Kamath, the CEO of Zerodha, no longer actively trades but remains passionate about capital markets, contributing to the startup ecosystem through Rainmatter fintech fund and the Rainmatter Foundation for societal welfare.
This smallcap mutual fund added 12 new stocks in February while exiting 7 others
Bandhan Small Cap Fund-Reg(G) revamped its portfolio in February with new stock additions and exits. The scheme, benchmarked against S&P BSE 250 Smallcap TRI, had significant exposure in Juniper Hotels, Eureka Forbes, and The South Indian Bank, managing assets of Rs 4,389.28 crore.
Stocks in news: Devyani International, Eureka Forbes, Home First Finance, Brigade Ent, LTIMindtree
Yum Restaurants has sold its entire stake in Devyani International, which operates KFC and Pizza Hut, through an open market transaction on Wednesday.
Earnings season ends today. M&M, Muthoot Finance among 620 companies to announce Q3 results
Among other important results will be those Aditya Birla Fashion and Retail (ABFRL), Crompton Greaves Consumer Electricals, Eureka Forbes, IPCA Laboratories, KPI Green Energy, Liberty Shoes, Natco Pharma, National Fertilizers, Narayana Hrudayalaya, PTC India, Rajesh Exports, Rana Sugars, Reliance Capital, Sun TV Network and Wockhardt.
India Forbes global properties to develop 11 million sq ft across Mumbai, Delhi and Goa
India Forbes Global Properties has tied up with the JV of Orange Smart City in Navi Mumbai for development of 1200 acres of land. The project will see a building of up to 10 lakh crore square feet amounting to Rs 1 lakh 20 thousand crore. “We have partnered for first 100-acre of the project which will have a development potential of 9 million sq ft. We have planned residential and commercial development in the project and we will invest in it,” said AK Sharma, chairman, India Forbes global properties.
C-suite chase: Job companies' search engine going full steam
Last year saw a record departure of 179 managing directors and CEOs from NSE-listed companies against 167 in 2022, as per Primeinfobase data. The search for replacements is also overshadowed by concerns about selected candidates rejecting appointments after the process is complete, something experts characterised as unexpected behaviour at the senior management level.
Who is Soma Mondal? The 'Queen of Steel' who is among World's Most Powerful Women
Forbes has included Soma Mondal, former chairperson of the Steel Authority of India (SAIL), in its 2023 list of the World's Most Powerful Women, alongside other Indians: Finance Minister Nirmala Sitharaman, HCL Technologies Chairperson Roshni Nadar, and Biocon founder Kiran Mazumdar-Shaw. Appointed as SAIL's chairperson from January 1, 2021, Mondal, an electrical engineering graduate, made history as the first woman Functional Director and Chairman at the company.
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