Wealthy Indians
Not in FDs: Here's where India's rich actually park their short-term money
Liquid Funds & Arbitrage Funds are ideal for parking short-term cash with stability + better post-tax returns than FDs.
 "Not in FDs: Here's where India's rich actually park their short-term money")
Wealthy Indians tap into bathroom luxury with $18,500 smart toilets
India is emerging as a hotspot for Kohler, Toto and Hansgrohe, the German manufacturer renowned for its taps and showers
 "Wealthy Indians tap into bathroom luxury with $18,500 smart toilets")
Wealth migration: Why 142,000 millionaires are likely to relocate in 2025
In 2024, 134,000 high-net-worth individuals relocated and established new domiciles worldwide, driven by robust inflows to the UAE, USA, and Italy
 "Wealth migration: Why 142,000 millionaires are likely to relocate in 2025")
StanChart targets $200 bn new assets; focuses on Chinese, Indian wealthy
StanChart's assets under management sourced from wealthy Chinese and Indians with global needs rose by about 40 per cent and 20 per cent
 "StanChart targets $200 bn new assets; focuses on Chinese, Indian wealthy")
Stocks, bonds, real estate: Where do India's rich entrepreneurs invest?
Unemployment, corruption, inflation and taxation are the biggest worries of the wealthy Indian entrepreneurs. However, three out of four (75 per cent) feel supported by the government
 "Stocks, bonds, real estate: Where do India's rich entrepreneurs invest?")
Over 75% wealthy Indians keen on foreign education for their kids: Survey
Over three-fourth of wealthy Indians have sent or are planning to send their kids overseas for education, according to a survey. The survey of 1,456 Indians, having investable surplus between Rs 84 lakh (USD 100,000) and nearly Rs 17 crore (USD 2 million), conducted in March found the strong urge for overseas education with 78 per cent of the respondents saying they are keen on a foreign education for their children. Investable survey is the amount set aside for investment from overall net worth. The Global Quality of Life 2024 survey commissioned by foreign lender HSBC said the United States is top overseas destination for Indians, followed by the United Kingdom, Canada. Australia and Singapore. So strong is the urge for foreign education for the child that the parents are willing to suffer financial strains as well, the survey said, pointing out that the investment in education may come at the sacrifice of retirement savings. The expected or actual annual cost of overseas educa
 "Over 75% wealthy Indians keen on foreign education for their kids: Survey")
Wealthy Indians' plan to invest abroad via GIFT city hits roadblock
The regulator for Gujarat International Finance Tec-City is halting approvals for family investment funds after feedback from the central bank
 "Wealthy Indians' plan to invest abroad via GIFT city hits roadblock")
Confluent's Neha Narkhede enters Hurun's ten richest Indian women list
Confluent head India's wealthiest new entrant in Hurun rankings, Roshni Nadar Malhotra tops second year in a row
 "Confluent's Neha Narkhede enters Hurun's ten richest Indian women list")
2% wealth tax on super rich likely to fetch nearly Rs 1.1 trillion
Many economists doubt the feasibility and desirability of wealth tax in the current economic environment
 "2% wealth tax on super rich likely to fetch nearly Rs 1.1 trillion")
Wealth of India's 10 richest can fund child education for 25 years: Study
Indian billionaires saw their combined fortunes more than double during the Covid-19 pandemic, and their count shot up by 39 per cent to 142
 "Wealth of India's 10 richest can fund child education for 25 years: Study")
Pandemic dents confidence of affluent Indians in their finances: Survey
Most affluent individuals in India have reset their life goals following the pandemic: Survey
 "Pandemic dents confidence of affluent Indians in their finances: Survey")
'Pandora Papers' expose offshore financial dealings of hundreds of Indians
More than 300 Indian names are part of the list.
 "'Pandora Papers' expose offshore financial dealings of hundreds of Indians")
Wealth of India's super-rich slips 4.4% in 2020 due to rupee fall: report
This comes in spite of Mukesh Ambani, Gautam Adani, the Poonawallas and many other Indians seeing a jump in their net worth in this time
 "Wealth of India's super-rich slips 4.4% in 2020 due to rupee fall: report")
Budget 2020: Time for govt to reintroduce wealth tax, says Abhijit Banerjee
India had passed the Wealth Tax Act, 1957 which was levied on an individual, a Hindu Undivided Family and a Corporate entity on its valuation, which was repealed in April 2016
 "Budget 2020: Time for govt to reintroduce wealth tax, says Abhijit Banerjee")
As RIL shares rise, Ambani becomes 9th richest on Forbes' billionaires list
The company on Thursday became the first Indian firm to hit the Rs 10 lakh crore market valuation mark following a spike in its share price.
 "As RIL shares rise, Ambani becomes 9th richest on Forbes' billionaires list")
Number of Indian homebuyers in London rose 11% in FY19 on discounted prices
The consultant further highlighted that the profile of wealthy Indian buyers are becoming younger.
 "Number of Indian homebuyers in London rose 11% in FY19 on discounted prices")
India Inc promoters lose Rs 1.7 trillion, but a rich year for tycoons still
Mukesh Ambani's net worth crosses Rs 3 trillion, Radhakishan Damani sees most increase in wealth
 "India Inc promoters lose Rs 1.7 trillion, but a rich year for tycoons still")
Wealthy Indians' with $50-mn assets or more to grow 71% by 2022: Report
India is also expected to become the third largest contributor in Asia
 "Wealthy Indians' with $50-mn assets or more to grow 71% by 2022: Report")
India's wealth soars but few benefit: Highlights
The reason for India's performance was a 30 per cent jump in the stock market
