Indian billionaire Sridhar Vembu freezes Zoho pay rises as AI costs soar
Zoho founder Sridhar Vembu has told staff there will be no pay rise this year, blaming a fourfold jump in server prices driven by AI.
Indian billionaires
Indian billionaire Adar Poonawalla's lender posts fivefold jump in quarterly profit
Poonawalla Fincorp, the lender controlled by Adar Poonawalla, posted a fivefold jump in quarterly profit as its loan book and margins grew.
Indian billionaire Mukesh Ambani's children pitch India's biggest IPO to global investors
Akash and Isha Ambani have taken Jio Platforms' $3.1 billion share sale to global investors, ahead of what would be India's largest IPO.
Indian billionaire Karsanbhai Patel takes 12.4% stake in US miner after selling bankrupt California business
Indian detergent billionaire Karsanbhai Patel now owns 12.4% of a Nasdaq-listed US miner after it bought his group’s bankrupt California minerals business.
Indian billionaire Anil Agarwal to pocket $110 million from Vedanta’s first dividend since its breakup
Indian billionaire Anil Agarwal is set to collect about $110 million after Vedanta declared its first dividend since splitting into five listed companies.
Indian billionaire Sridhar Vembu urges Indians in the US to “come back” after green card freeze
Billionaire Sridhar Vembu has urged Indians in the US to return home after Washington froze green card sponsorships at eight firms, including Infosys and TCS.
Elon Musk asks if Indian billionaire Mukesh Ambani is the ‘real boss of India’
Elon Musk asked whether Mukesh Ambani is “the real boss of India” after the government denied blocking Starlink, saying all satellite operators await security clearance.
Indian billionaire Nikhil Kamath backs AI startup that screens children for autism
Billionaire Nikhil Kamath co-led a Rs 4 crore round in Aignosis, which uses a webcam and AI to flag children who may need autism assessment.
Indian billionaire Sunil Mittal's Airtel Money prices London IPO at $7 billion
Billionaire Sunil Mittal's Airtel Money priced its London IPO at £1.96 a share, a $7 billion valuation below the $8 billion to $9 billion range reported in August.
Indian billionaire Anil Agarwal is building what would be Africa's largest copper smelter
Konkola Copper Mines, 79.4% owned by Anil Agarwal's Vedanta, says a new smelter will add 70,000 tonnes a year and be the largest in Africa.
Indian billionaire Mukesh Ambani is selling 2.5% of Jio in India's biggest share sale
Jio Platforms starts investor meetings this month across five markets, ahead of a November listing that bankers have valued at up to $180 billion.
Billionaire Dilip Shanghvi's company escaped the rule now forcing Tata Sons to list
Dilip Shanghvi's holding company cleared its debts and left the RBI's upper layer in 2023. Tata Sons tried the same thing and has been refused.
Billionaire Mukesh Ambani’s Reliance to raise $1.3 billion in first rupee bond sale since 2023
Billionaire Mukesh Ambani’s Reliance Industries plans to raise $1.31 billion through five-year rupee bonds, its first domestic bond sale since November 2023.
Indian billionaire Gautam Adani's airport arm raises $1 billion at an $18 billion valuation
Adani Airport Holdings will raise 98.25 billion rupees from Temasek, BlackRock funds, Alpha Wave Global and Premji Invest for 5.54%.
Indian billionaire family-linked Savannah Energy strikes gas at a second Nigerian well
Savannah Energy struck gas at a second Nigerian well, but its shares stay suspended over late accounts and net debt sits at $672 million.
Billionaire Mukesh Ambani is taking on India's ice cream giants at 11 cents a cup
Billionaire Mukesh Ambani is entering India’s crowded ice cream market with Bombay Creamery, using ₹10 starting prices and Reliance’s vast retail network to challenge established brands.