Mumbai Is Asia’s Billionaire Capital For The First Time
For the first time, Mumbai has clinched the title of Asia’s billionaire capital. Shanghai-based Hurun Research Institute makes the announcement. With 92 billionaires, Mumbai, the Maximum City, is the third billionaire city after New York (119) and London (97). Two popular business tycoons, Mukesh Ambani, with $115 billion in assets, and Gautam Adani, with $86…
Shipra Prajapati
Indian-Origin Sushmita Shukla Appointed As VP At FRB
Sushmita Shukla, an Indian-origin veteran of the Insurance Industry, has been appointed as the Vice President and Chief Operating Officer of the Federal Reserve Bank, New York. The appointment was approved by the Board of Governors of the Federal Reserve System, according to the news report. Shukla is the first VP and COO of the…
John David
Alibaba Seek Primary Listing In Hong Kong, Adding To NYSE
Chinese eCommerce giant Alibaba said on Tuesday that it would apply for a primary listing in Hong Kong. According to the reports, the listing is expected to be completed by the end of the year, which will turn Alibaba into a dual primary listed company on the New York Exchange and the Hong Kong Stock…
SHAHID MUSHTAQ
Revlon Is To File For Bankruptcy Amid Heavy Debt Load
New York-based Revlon, owned by billionaire Ron Perelman’s MacAndrews & Forbes, is preparing to file for Chapter 11 bankruptcy amid a heavy debt load, according to the people aware of this matter. However, the potential filing is not final yet and could change. Revlon’s shares plunged 53%, the biggest one-day drop on record, on Friday…