According to a report, India’s billionaire count will rise by three times by 2027. India has the third largest number of billionaires in the world currently and in the next decade about 238 additional individuals will join the elite club.
India has 119 billionaires currently and the number is expected to reach 357 by 2027. There are 2,252 billionaires globally and the same is ex... Read Full Article
Employees of Flipkart will be able to cash their stock options at the rate of $125-129 per share once the acquisition by Walmart for $16 billion is complete. All the employees will be allowed to liquidate the stock option in three installments, half on the day of closing the deal, 25% a year later and the balance two years after the first liquidation.
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The Karnataka election results are out and there is a saffron surge across most constituencies. This has transformed the sentiment on D-Street from sluggish to super bullish. Investors lifted the Sensex by 400 points crossing 35,923, which was a level last achieved in January. While the counting was on, there were leads that showed BJP inching closer to a majority. Market watchers estimated tha... Read Full Article