NEW YORK: India’s population of high net worth individuals grew by as much as 51 per cent to over 1.26 lakh in 2009, riding on the surge in market valuations and improved economic growth, a report said.
According to the 2010 Merrill Lynch-Capgemini World Wealth Report, in India, the number of high net worth individuals (HNWIs) with minimum investable assets of USD 1 million (around Rs 5 crore) rose to 1,26,700 by the end of 2009 compared to just 84,000 in 2008.
The sparkling new terminal at the Indira Gandhi International Airport, touted among the largest and most modern in the world, will start international operations July 14 and domestic services 16 days later, it was announced Wednesday.
Prime Minister Manmohan Singh, along with National Advisory Council chair Sonia Gandhi and Civil Aviation Minister Praful Patel, will formally inaugurate what is officially called the Terminal 3 building that can cater to 34 million passengers annually.
The total capacity of the existing international terminal is less than 15 million.
The humongous new Terminal 3 of the Indira Gandhi International Airport that opens on July 3 will have all the amenities for passengertravel comfort, including the highest number of aerobridges in the world at a single site – 78. It is almost eight times more than what the present international terminal has.
Apart from the aerobridges which are passageways that connect the boarding area directly to the aircraft, Terminal 3 will also have 63 elevators, nearly 35 escalators and 92 automatic walkways.
India has set an ambitious target of making 2012 the year of double digit growth even as it grapples with the twin problems of mounting deficit and rising inflation.
“India is back on a high growth trajectory,” finance minister Pranab Mukherjee said in a presentation here Monday to the Institute of International Finance, a global association created by 38 banks of leading industrialized countries in 1983 in response to the international debt crisis of the early 1980s.
Mukherjee is in the US to lead a high-powered team of policymakers including commerce minister Anand Sharma and planning commission deputy chairman Montek Singh Ahluwalia at the India-US CEOs Forum on Tuesday.
India’s leading industrialist Ratan Tata, Chairman of the Tata Group, has been conferred with a honorary degree of Doctor of Law by the University of Cambridge.
Tata, Hon. KBE, and seven others were conferred with the doctorate at a congregation held in Cambridge yesterday. It was presided over by Chancellor Prince Philip, the Duke of Edinburgh.
The other recipients of the Honorary degree include George John Mitchall, lawyer (Doctor of Law), Dame Louise Napier Johnson, DBE, FRS (Doctor of Science), Sir Andrew John Wiles, KBE, MA Ph.D FRS (Doctor of Science), Geoffrey William Hill, (Doctor of Letters), Richard Sennett (Doctor of Letters), Sir Harrison Birtwistle, (Doctor of Music), Dame Evelyn Elizabeth Ann Glennie (Doctor of Music).
WASHINGTON: The United States on Monday said it hoped the Bhopal gas tragedy case will not inhibit its growing ties with India or affect the nuclear liability bill currently before the Indian parliament, and that the verdict in the matter ”brings some closure to the families of the victims of the tragedy.”
In uniform reactions to the sentencing of seven Indian employees to two years in prison each more than 25 years after the tragedy caused by the American company, US officials said they did not expect the verdict to open any new inquiry. ”On the contrary, we hope that this is going to help to bring closure,” Robert Blake, the US state department official overseeing South Asia, said of the tragedy which eventually claimed more than 15,000 lives.
Maj-Gen Khattiya Sawasdipol, better known as Seh Daeng, was shot and seriously wounded during a melee near Sala Daeng intersection on Rama IV road on Thursday night, hours after authorities threatened a lockdown of the rally site, official said.
Maj-Gen Khattiya Sawasdipol, or Seh Daeng, has been admitted to Hua Chiew hospital and is receiving an emergency treatment for a gunshot wound, according to a television report.
The incident took place about 7.25pm when a series of gunshots and explosions were heard from the area, the report said.
Chennai Super Kings were crowned Indian Premier League 3 champions after thumping Mumbai Indians by 22 runs in a thrilling summit clash here on Sunday night.
Electing to bat, Chennai posted 168 for five, thanks to Suresh Raina’s unbeaten 57 and then restricted Mumbai to 146 for nine to win their maiden IPL title in the grand finale at the packed D Y Patil Stadium.
Chennai though had to spend some anxious moments towards the close of Mumbai run chase with big-hitting Kieron Pollard threatening to almost singlehandedly win the match before he was out in the penultimate over for a 10-ball 27 which was studded with three fours and two sixes.
KOLKATA: Tax officials who conducted search operations at the offices of the Bengal Cricket Association and Shah Rukh Khan’s Kolkata Knight Riders till the early hours of Thursday here claimed to have found “incriminating evidence” of irregularities.
“We have found incriminating evidence. We will investigate further. We needed to have a look at certain transactions and we’ve found whatever we were looking for,” said Indian Revenue Service Deputy Director Akhilendu Jadhav.