Billionaire
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Only 61 individuals declared gross income of over Rs 100 cr in AY2017-18; over 2,000 benami transactions detected: Govt
•The number of individuals disclosing a gross total income of more than Rs 100 crore in a year in his/her return of income filed with the Income Tax Department was 24 in assessment year 2014-15.
Baazaar: Yo Yo Honey Singh song Billionaire, featuring Saif Ali Khan, Elli Avram, is a formulaic dance number
Fp Staff •The Yo Yo Honey Singh track Billionaire from Baazaar is an out-and-out dance number
Where is Nirav Modi? Did the fugitive diamantaire travel to three countries on a revoked Indian passport?
Fp Staff •The great Indian banking circus: A guide on how to use the Aam Aadmi and Mr Fraud counters
Dinesh Unnikrishnan123 •The common man’s role in this saga is to pay taxes on time to help refuel banks, so that lenders don’t run out of funds to feed Mr Fraud.
Vijay Mallya isn’t missing India; but banks he made bakras of will miss him for a long time to come
Dinesh Unnikrishnan123 •The charges the ED has raised, if it can be proved, certainly strengthens the case against the businessman who left India in March 2016
Norway billionaire Kjell Inge Rokke reveals plan to give away his fortune
•Oslo: A Norwegian billionaire announced on Tuesday he wants to contribute to society by giving away the "lion's share" of his fortune, including funds for an oceanographic research vessel for the scientific community.
Venezuela's 'beer war' mirrors hostile politics | Reuters
•By Diego Oré | CARACAS CARACAS Running short of raw materials in mid-2015, Venezuela's two biggest beer makers Polar and Regional publicly chided the socialist government for delays in releasing foreign currency to import hops, barley and tin for cans.Their stance in a joint communique angered President Nicolas Maduro's administration, which allocates dollars to businesses under currency controls that are a cornerstone of Venezuela's state-led economic model, beer industry sources said. But it then dealt with the two companies very differently.
Polio vaccine makers failing to make enough doses - WHO experts | Reuters
•By Tom Miles | GENEVA GENEVA Two companies making vaccines to help the world eradicate polio are failing to produce enough, so many countries should prepare to give lower doses to make stocks last, a group of experts has advised the World Health Organization.With polio on the brink of eradication globally, the WHO wants to see a worldwide switch from the traditional "live" oral polio vaccine, which runs the risk of spreading the disease, to an inactivated vaccine that needs to be injected. But WHO's Strategic Advisory Group of Experts (SAGE), which meets twice a year, said a severe shortage of inactivated vaccine means many countries should use a fractional dose, via an intra-dermal rather than intra-muscular injection, allowing each dose to go twice as far. "There are only two manufacturers of the vaccine and they are having some problems with production of the vaccine, and getting enough raw material of the polio virus," SAGE Chairman Jon Abramson told reporters on a conference call on Friday.
Rosneft-led group to buy India refiner Essar for $12-$13 billion, sources say | Reuters
•By Nidhi Verma and Jessica Jaganathan | NEW DELHI/SINGAPORE NEW DELHI/SINGAPORE A group led by Russian oil major Rosneft will acquire India's Essar Oil in a $12 to $13 billion deal including debt, two sources privy to the deal said, strengthening the ties between the world's largest oil producer and the world's fastest growing fuel consumer. The deal helps Russia to deepen economic ties that stretch back to the Soviet era. The purchase is the biggest foreign acquisition ever in India and Russia's largest outbound deal, according to Thomson Reuters data
Chinese-owned Zhongwang USA enters U.S. aluminum market with Aleris buy | Reuters
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