high net worth individuals

China’s super-rich to get richer


May 8th, 2012 - 4:04 pm ICT by IANS
Beijing, May 8 (IANS) The wealth of the country's high net worth individuals (HNWIs) in 2015 will be more than triple that of 2010, the head of a bank that ... Read more...

Posted in Business |

India, Qatar deepen energy ties, seek to promote investments (News Analysis)


April 13th, 2012 - 6:00 pm ICT by IANS
New Delhi, April 13 (IANS) With growing demands for oil and gas and uncertainty looming over supplies from sanctions-hit Iran, India has sought to deepen energy ties with Qatar. ... Read more...

Posted in Business |

Beijing, Shanghai gain top cities ranking


March 28th, 2012 - 4:52 pm ICT by IANS
Beijing, March 28 (IANS) Beijing and Shanghai have the most rapid growth in importance to high-net-worth individuals and will rank third and fourth among the world's top cities in 10 ... Read more...

Posted in Business |

Rich get richer in China


March 28th, 2012 - 4:05 pm ICT by IANS
Beijing, March 28 (IANS) The number of Chinese billionaires and millionaires is reaching a new peak, and their mode of consumption is also evolving, China Daily reported Wednesday.The Chinese Luxury ... Read more...

Posted in World |

Investors eye Indian film industry with caution


March 14th, 2012 - 10:40 pm ICT by IANS
Mumbai, March 14 (IANS) The buoyant Indian film industry marred by multiple challenges, industry experts opined at a panel discussion at the 13th edition of the three-day global convention ... Read more...

Posted in Entertainment |

HDFC Standard Life to consolidate gains of direct sales force


March 8th, 2012 - 3:01 pm ICT by IANS
Chennai, March 8 (IANS) Private life insurer HDFC Standard Life Insurance Company Ltd will consolidate the gains of its direct sales force and bring in better efficiencies next fiscal before ... Read more...

Posted in Business |

Karnataka firm to earn Rs.35 crore selling India’s costliest soap


February 27th, 2012 - 7:49 pm ICT by IANS
Chennai, Feb 27 (IANS) Selling India's costliest soap at Rs.720, Karnataka Soaps & Detergents hopes to earn around Rs.35 crore from this newly-launched super premium product next year, a senior ... Read more...

Posted in Business |

Private jet market soars in India


February 19th, 2012 - 2:51 pm ICT by IANS
New Delhi, Feb 19 (IANS) Even as Indian commercial carriers are facing a tough time sustaining operations, aircraft manufacturers feel the demand for private jets in the country is set ... Read more...

Posted in Business |

Nearly half of China’s millionaires consider emigration


November 1st, 2011 - 1:24 pm ICT by IANS
Beijing, Nov 1 (IANS) Nearly half of Chinese millionaires consider emigrating abroad and 14 percent have already emigrated or applied for it, a survey showed.Forty-six percent of the 980 respondents ... Read more...

Posted in Business |

China had 535,000 millionaires in 2010


October 13th, 2011 - 5:04 pm ICT by IANS
Beijing, Oct 13 (IANS) China had 535,000 millionaires last year, registering a 12-percent year-on-year increase in its number of millionaires, a Capgemini report said Thursday.The combined wealth of China's 535,000 ... Read more...

Posted in Business |

Mefcom Capital signs pact with London merchant bank


September 8th, 2011 - 8:06 pm ICT by IANS
New Delhi, Sep 8 (IANS) Brokerage and investment banking firm Mefcom Capital Markets Ltd Thursday said it has signed an agreement with London-based merchant bank Beaufort International Associates Ltd to ... Read more...

Posted in Business |

Spanish bank acquires failed US bank


August 22nd, 2011 - 12:20 pm ICT by IANS
Barcelona (Spain), Aug 22 (IANS/EFE) Spain's Banco Sabadell acquired nearly all of the assets and certain liabilities of Florida-based Lydian Private Bank under the terms of an agreement with the ... Read more...

Posted in Business |

Constant rate hikes have further burdened realty industry (Comment)


August 3rd, 2011 - 1:13 pm ICT by IANS
It is a matter of concern that credit growth, both for home loans and on the exposure to real estate developers, has hit a speed breaker due to repeated interest rate ... Read more...

Posted in Business |

Sundaram Asset hopes to start Singapore operations this year


May 5th, 2011 - 5:35 pm ICT by IANS
Chennai, May 5 (IANS) City-based Sundaram Asset Management Company is hoping to start the operations of its Singapore arm this year and mobilise around Rs.3,000 crore in a three-year timeframe, ... Read more...

Posted in Business |

Rich Chinese invest abroad, keen to emigrate


April 22nd, 2011 - 4:38 pm ICT by IANS
Beijing, April 22 (IANS) A number of Chinese millionaires are investing abroad as they are looking to emigrate, a media report said Friday.The number of high net worth individuals in ... Read more...

Posted in Business |

Citibank scam: Puri’s father sent to police custody


April 5th, 2011 - 8:02 pm ICT by IANS
Gurgaon, April 5 (IANS) Raghuraj Puri, the father of Shivraj Puri who is the prime accused in the Rs.400-crore Citibank scam, was Tuesday sent to two days' police custody by ... Read more...

Posted in Uncategorized |

Helicopter tourism next big thing for Goa: Kamat


March 18th, 2011 - 12:25 am ICT by IANS
Panaji, March 17 (IANS) Helicopter tourism might soon be the next big thing in Goa, Chief minister Digambar Kamat said in his budget speech Thursday."It is felt that helicopter tourism ... Read more...

Posted in Business |

Citibank fraud: Victim seeks to withdraw complaint


January 24th, 2011 - 11:49 pm ICT by IANS
Gurgaon, Jan 24 (IANS) In a new twist in the Rs.300 crore Citibank fraud, one of the high-profile victims Monday announced he was withdrawing his complaint against senior bank officials including ... Read more...

Posted in Business |

Swiss whistleblower to handover offshore banking secrets to Wikileaks


January 16th, 2011 - 5:19 pm ICT by ANI
Tunis, Jan 16 (ANI): Swiss whistleblower Rudolf Elmer is reportedly planning to handover two CDs to WikiLeaks containing data of around 2,000 bank clients who may have been evading taxes.Elmer is ... Read more...

Posted in World |

Swiss banker gives ‘tax evasion’ secrets to WikiLeaks


January 16th, 2011 - 5:03 pm ICT by IANS
London, Jan 16 (IANS) A Swiss banker-turned-whistleblower said he will hand over the secret offshore bank account details of 2,000 "high net worth individuals" and "hedge funds" of global financial institutions to ... Read more...

Posted in Business |

Citibank fraud accused sent to 14 days judicial custody


January 15th, 2011 - 12:26 am ICT by IANS
Gurgaon, Jan 14 (IANS) Citibank relationship manager Shivraj Puri, accused of masterminding a Rs.300 crore fraud, was Friday sent to 14 days judicial custody in what is being called one of the ... Read more...

Posted in Business |

Britain’s ‘most-networked’ man sets eyes on India


January 10th, 2011 - 12:46 pm ICT by IANS
By James Jose New Delhi, Jan 10 (IANS) Pi Capital, the Britain-based private equity firm for top-notch industrialists and high net-worth individuals, is finally opening a unit in India where it has an ... Read more...

Posted in Business |

Rs.300-cr Citibank fraud accused gets six more days in remand (Roundup)


January 6th, 2011 - 8:38 pm ICT by IANS
Mumbai/Gurgaon, Jan 6 (IANS) Citibank manager Shivraj Puri, accused of masterminding a Rs.300 crore fraud, was handed a further police remand of six days from Thursday as the markets watchdog started to ... Read more...

Posted in Business |

Citi banker accused of Rs.300 crore fraud gets six-day police remand


January 6th, 2011 - 6:18 pm ICT by IANS
Gurgaon, Jan 6 (IANS) Citibank manager Shivraj Puri, accused of masterminding a Rs.300 crore fraud, was handed a six-day police remand Thursday. "Puri was produced in court and he has been remanded ... Read more...

Posted in Uncategorized |

First complaint lodged in Citibank fraud case, top brass named (Second Lead)


January 4th, 2011 - 10:03 pm ICT by IANS
Gurgaon, Jan 4 (IANS) A businessman Tuesday filed a cheating complaint against Citibank and 11 others, including Citigroup's chief executive officer Vikram Pandit and manager Shivraj Puri, and sought the recovery of ... Read more...

Posted in Business |

First complaint lodged in Citibank fraud case (Lead)


January 4th, 2011 - 8:57 pm ICT by IANS
Gurgaon, Jan 4 (IANS) A businessman Tuesday filed a cheating complaint against Citibank and 11 others, including manager Shivraj Puri, and sought the recovery of Rs.32 crore invested by him, police said.The ... Read more...

Posted in Business |

Citibank fraud: Gurgaon Police summons Puri’s parents for interrogation


January 4th, 2011 - 6:06 pm ICT by ANI
Gurgaon, Jan 4 (ANI): Gurgaon Police has summoned suspended Citibank manager Shivraj Puri's parents for questioning in the cheating case worth around Rs. 300 crore.Earlier on Monday, the police took into its ... Read more...

Posted in National |

Citibank manager’s parents summoned by police


January 4th, 2011 - 4:48 pm ICT by IANS
Gurgaon, Jan 4 (IANS) Raghuraj and Deeksha Puri, parents of Citibank manager Shivraj Puri who is accused of masterminding a Rs.300 crore fraud, were summoned by the police Tuesday to help in ... Read more...

Posted in Business |

Citibank fraud: Manager surrenders in Gurgaon


December 30th, 2010 - 3:53 pm ICT by ANI
Gurgaon, Dec 30 (ANI): Citibank manager Shivraj Puri, accused of cheating investors of around Rs. 400 crore, surrendered in Gurgaon on Thursday.Puri, who worked at the bank's Gurgaon branch as a relationship ... Read more...

Posted in National |

China home to 383,000 super rich in 2010


December 29th, 2010 - 9:27 pm ICT by IANS
Beijing, Dec 29 (IANS) Thanks to the booming capital and property markets, the number of super rich in China is expected to rise by 16 percent to 383,000 this year, a media ... Read more...

Posted in Business |

Fund for making movies with a cause excites US investors (With Images)


June 13th, 2010 - 1:50 pm ICT by IANS
By Arun Kumar Washington, June 13 (IANS) A unique fund to help talented Bollywood directors make movies with a cause has generated a buzz among investors in the US, say two former ... Read more...

Posted in Entertainment |

Congress demands white paper on Gujarat IPO


April 8th, 2010 - 3:25 am ICT by IANS
Gandhinagar, April 7 (IANS) The Congress Wednesday demanded a white paper on the Gujarat State Petroleum Corporation's forthcoming IPO. Shaktisinh Gohil, leader of the opposition in the state assembly said: "How has the ... Read more...

Posted in Politics |

India market soars for business jet makers


April 4th, 2010 - 1:40 pm ICT by IANS
By Sanjay Singh New Delhi, April 4 (IANS) With the number of billionaires and high net worth individuals in India growing, business jet makers are intensifying efforts to sell their aircraft in India ... Read more...

Posted in Business |

China has fourth highest number of millionaires in world


April 1st, 2010 - 5:46 pm ICT by ANI
New Delhi, Apr 1 (ANI): China has the fourth highest number of millionaires in the world, numbering around 340000 in 2009, despite of 11 percent decrease from the year before.According to the ... Read more...

Posted in World |

Avesthagen revives public issue plans to raise funds


September 8th, 2009 - 10:18 pm ICT by IANS
Bangalore, Sep 8 (IANS) Leading biotechnology firm Avesthagen plans to raise about Rs.6-7 billion (Rs.600-700 crore) through an initial public issue (IPO) for rolling out about 40 products which are still in ... Read more...

Posted in Business |

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