India

Indian tycoon Gautam Adani replaces Jeff Bezos as world’s second-richest person

Jeff Bezos has dropped to third place in the race for riches. The Amazon founder is now the world’s third-richest person, after Indian business tycoon Gautam Adani leapfrogged Bezos in the latest Bloomberg’s Billionaire Index. Adani has amassed an estimated $146.8 billion fortune that only trails Elon Musk’s $263.9 billion, according to Bloomberg News. It’s …

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Indian stocks to buy to play the investment boom: Morgan Stanley

India is set to see a surge in investments, according to Morgan Stanley , which named several stocks it thinks could benefit from rising capital expenditure in the economic powerhouse. In a note entitled “How to Play India’s Coming Capex Boom,” Morgan Stanley analysts said it was expecting supply-side factors and to align with improving …

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Cyrus Mistry, billionaire ex-chairman of Tata Sons, dies in India car crash | India

Cyrus Mistry, an Indian-born Irish businessman and former chairman of Indian conglomerate Tata Sons, has died in an accident after his car crashed into a road divider in western India, police said. He was 54.The crash occurred on a river bridge in Maharashtra state’s Palghar district near Mumbai on Sunday, police officer Prakash Gaekwad said.Mistry …

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India start-up Zepto’s founders share tips on how to build a business

When Kaivalya Vohra wanted to drop out of Stanford University to run his startup, it took “a couple of long conversations” to convince his parents.But bringing them on board wasn’t too difficult, he said.”They saw how this business was growing in front of them, they saw how quickly we achieved what we achieved.” It took just …

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Stanford dropouts’ startup worth millions, could be India tech unicorn

“When we started this 12 months ago, every conversation we had was, ‘You’re totally out of your mind, this is never going to work,’” said teenage CEO Aadit Palicha. Yet, Palicha’s company has managed to prove those doubters wrong — it’s now nearing unicorn status and is one of India’s fastest-growing quick commerce apps. A unicorn is …

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