The combined fortunes of 55 of the nation's wealthiest tracked by the Bloomberg Billionaires Index have risen 16% to $809.6 billion since the beginning of January, after a roller-coaster year marked by sweeping easing measures from Beijing that ultimately drove stocks higher.
Tech tycoons are leading the rebound. Tencent's Pony Ma is the biggest winner of the year, with his fortune surging by more than a third to $47.9 billion, according to Bloomberg's wealth index, which tracks the world's 500 richest people. He was followed by Lei Jun, founder of smartphone maker Xiaomi, which has surged on its rapid push into electric vehicles. The tech billionaire has added $12.8 billion.
Bu hikaye Financial Express Hyderabad dergisinin December 19, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Financial Express Hyderabad dergisinin December 19, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
US announces H-1B visa overhaul, Indian techies to benefit
HOW THE MOVE WILL BENEFIT INDIA
'Had fun but it's time': Ashwin bows out of internationals with shock retirement call
RASHWIN STOOD in the corridor outside the press conference room after the third Test ended in a draw.
Navy boat hits ferry off Mumbai coast, 13 dead
A PRIVATE FERRY, carrying more than 110 passengers to Elephanta Island off Mumbai coast, capsized after a Navy speedboat crashed into it on Wednesday. At least 13 people were killed in the incident, officials said, adding that the rest have been rescued.
Free healthcare for senior citizens: Kejriwal
AHEAD OF DELHI Assembly elections next year, AAP national convener and former CM Arvind Kejriwal announced that all citizens of Delhi aged above 60 will get free medical care in government and private hospitals if his party returns to power. The scheme, called Sanjeevani, will not have an income cap for eligibility, he said.
Trump threatens to impose reciprocal tariffs on India
HE MADE THE remarks while responding to a question on a potential trade agreement with China.
Sebi tightens SME IPO rules
SEBI also cleared the review of merchant bankers, custodians, and provisions for high-value debt-listed entities (HVDLE) by increasing the threshold for identification of HVDLE from ₹500 cr to ₹1,000 cr, aligning it with that of large corporates, and introduced a sunset clause governing corporate governance of debt-listed securities.
Opposition seeks Shah's resignation
PM defends HM; slams Cong & its 'rotten ecosystem'
Enhancing customer journey in the cloud
ORACLE has created Customer Success Services (CSS) to provide comprehensive support for customers using its cloud tools. The new services are integrated with Oracle's product development teams to help firms maximize the value of their cloud investment.
Drones deliver new hope to farmers
Aerial tech enhances farming efficiency, can tackle workforce woes
AI offers a wide range of benefits for SMEs
AI offers a wide range of benefits for SMEs