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<keyword id="20392679" type="General" weightage="20" keywordseo="BJP-candidate" source="keywords">BJP candidate</keyword> <keyword id="21392066" type="General" weightage="20" keywordseo="Mukesh-Dalal" source="keywords">Mukesh Dalal</keyword> was on Monday elected unopposed from <keyword id="19933716" type="General" weightage="20" keywordseo="surat" source="keywords">Surat</keyword> Lok Sabha constituency in Gujarat after all other nominees withdrew from the fray, a poll official said. The development marks the first victory of the <keyword id="19931558" type="General" weightage="20" keywordseo="Bharatiya-Janata-Party" source="keywords" meta.keywordsubtype="org" meta.entityname="Bharatiya Janata Party" meta.hostid="261" meta.entityid="Bharatiya Janata Party">Bharatiya Janata Party</keyword> in the ongoing Lok Sabha elections. "I declare that Mukeshkumar Chandrakant Dalal, sponsored by the BJP, has been duly elected to fill the seat in the House from Surat parliamentary constituency," district collector cum election officer Saurabh Pardhi told media persons as he handed over the Certificate of Election to Dalal. Voting for all 26 constituencies in Gujarat is scheduled for May 7, but with the result of Surat seat already out, polling will be held on 25 seats. Except for Dalal, all 8 candidates in the fray from Surat- 4 Independents, 3 from smaller parties and Pyarelal Bharti of Bahujan Samaj Party- withdrew their nomination papers on the last day, as per the Surat district election office. Notably, the candidature of Congress' Nilesh Kumbhani from Surat seat was rejected on Sunday after the district returning officer prima facie found discrepancies in the signature of the proposers. The nomination form of Suresh Padsala, the Congress' substitute candidate from Surat, was also invalidated. The Congress on Sunday alleged that Kumbhani's nomination form was rejected at the behest of the BJP and said it would challenge the rejection in the High Court. "Surat has presented the first Lotus to Prime Minister Narendra Modi. I congratulate our candidate for <keyword id="21392065" type="General" weightage="20" keywordseo="Surat-Lok-Sabha-seat" source="keywords">Surat Lok Sabha seat</keyword> Mukesh Dalal for getting elected unopposed," Gujarat unit BJP president C R Paatil posted on X (formerly Twitter). In the 2019 polls, BJP won all 26 constituencies in Gujarat, the home state of Prime Minister Narendra Modi and Union Home Minister Amit Shah. SEE ALSO:<a href="https://www.businessinsider.in/tech/mobile/news/google-pixel-8a-may-be-more-expensive-than-its-predecessor-as-per-a-new-leak/articleshow/109499394.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/google-pixel-8a-may-be-more-expensive-than-its-predecessor-as-per-a-new-leak/articleshow/109499394.cms" target="_blank">Google Pixel 8a may be more expensive than its predecessor, as per a new leak</a><a href="https://www.businessinsider.in/sports/webstories/at-17-indian-chess-prodigy-d-gukesh-becomes-youngest-challenger-for-world-championship/slidelist/109492021.cms" target="_blank"></a> <a href="https://www.businessinsider.in/sports/webstories/at-17-indian-chess-prodigy-d-gukesh-becomes-youngest-challenger-for-world-championship/slidelist/109492021.cms" target="_blank">At 17, Indian chess prodigy D Gukesh becomes youngest challenger for World Championship</a><a href="https://www.businessinsider.in/tech/news/playstation-5-is-now-available-at-a-discount-of-10000-for-a-limited-period/articleshow/109183034.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/news/playstation-5-is-now-available-at-a-discount-of-10000-for-a-limited-period/articleshow/109183034.cms" target="_blank">PlayStation 5 is now available at a discount of ₹10,000 for a limited period</a>

BJP candidate wins Surat Lok Sabha seat unopposed as his challengers pull out of race

<ul><li><keyword id="19896380" type="General" weightage="20" keywordseo="reliance-industries" source="keywords">Reliance Industries</keyword> is expected to launch an IPO for <keyword id="6354504" type="General" weightage="20" keywordseo="reliance-jio" source="Orion">Reliance Jio</keyword> in 2025.</li><li>Reliance Retail is expected to go public after <keyword id="19906886" type="General" weightage="20" keywordseo="jio" source="keywords">Jio</keyword>, with no date fixed yet.</li><li>The <keyword id="7784314" type="General" weightage="100" keywordseo="reliance-jio-ipo" source="Orion">Reliance Jio IPO</keyword> will emerge as the country’s biggest IPO, beating the Hyundai IPO.</li></ul>Mukesh Ambani-led Reliance Industries is reportedly gearing up to launch the initial public offering (IPO) of its telecom arm, Reliance Jio in 2025. The telco will join its competitors, Bharti Airtel and Vi, which are already public. According to a<a href="https://www.reuters.com/world/india/ambanis-reliance-jio-ipo-set-2025-retail-debut-much-later-sources-say-2024-11-04/"> report</a> by Reuters, Reliance Jio is expected to go public in 2025 and the IPO for the retail arm is planned later. As per two sources familiar with the matter, <keyword id="19916798" type="General" weightage="20" keywordseo="mukesh-ambani" source="keywords">Mukesh Ambani</keyword> plans on sticking to the timeline he mentioned in 2019, where he said he will “move towards” listing in five years. <div type="Article" hostid="261" msid="114931927" title="October auto sales – Maruti Suzuki and Tata Motors report a decline, Mahindra continues to grow" mstype="2" mssubtype="0"></div> The company has firmed up plans of taking the telecom arm public as it feels the company has achieved a stable business and revenue stream. Jio is currently the biggest telecom operator in India, with over 471 million subscribers as of August 2024. Reliance Industries has raised over $25 billion for the company’s digital, telecom and retail businesses from investors like KKR, Abu Dhabi Investment Authority, General Atlantic and more. <h2>Reliance <keyword id="6059106" type="General" weightage="20" keywordseo="jio-ipo" source="Orion">Jio IPO</keyword> to be India’s biggest</h2>Existing rules state that companies that are valued at ₹1 lakh crore or more need to sell at least 5% of total shares during an IPO. Jio is currently valued at $112 billion (₹9.42 lakh crore) as per Jefferies. A 5% stake sale would put the IPO at around ₹47,100 crore, beating the recently concluded IPO of Hyundai Motor India, which raised ₹27,870.16 crore. <h2>Retail IPO further away</h2>While no timeline has been mentioned, the retail arm’s IPO has reportedly been pushed further away, as the company feels it needs to address internal business and operational challenges. Not only this, the company reportedly wants to avoid two big IPOs hitting the Dalal street in the same year. With Jio’s IPO planned for 2025, we might see the retail arm going public in 2026 or later. Reliance Retail operates over 3,000 supermarkets and also deals in the e-commerce segment. The company feels the retail arm has grown “too fast” and needs some stability before the IPO. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/upcoming-ipos-this-week-swiggy-niva-bupa-health-insurance-and-more/slidelist/114937405.cms">Upcoming IPOs this week – Swiggy, Niva Bupa Health Insurance and more</a> <a href="https://www.businessinsider.in/business/auto/news/october-auto-sales-maruti-suzuki-and-tata-motors-report-a-decline-mahindra-continues-to-grow/articleshow/114931927.cms">October auto sales – Maruti Suzuki and Tata Motors report a decline, Mahindra continues to grow</a> <a href="https://www.businessinsider.in/tech/mobile/news/oneplus-13-announced-with-snapdragon-8-elite-6000mah-battery-and-more/articleshow/114842638.cms">OnePlus 13 announced with Snapdragon 8 Elite, 6,000mAh battery and more</a>

Reliance Jio IPO – India’s biggest telco to go public in 2025, retail IPO further away

Over the past few months, the pre-wedding and wedding-related ceremonies of Radhika Merchant and Anant <keyword id="19898589" type="General" weightage="20" keywordseo="ambani" source="keywords">Ambani</keyword> have been catching everyone's attention. The grand pre-wedding event in Jamnagar was attended by major business tycoons, both national and international, including Gautam Adani and Mark Zuckerberg. Additionally, the entire Indian film industry was present at the event, with stars such as Shahrukh Khan and Ram Charan in attendance. Videos and photos from the event were all over the internet. After that, another four-day event took place aboard a luxury cruise in Italy. Finally, Radhika Merchant and Anant Ambani will get married on July 12 at the <keyword id="20044932" type="General" weightage="20" keywordseo="Jio-World-Convention-Centre" source="keywords">Jio World Convention Centre</keyword> in Mumbai. In line with the pre-event extravaganza, the wedding is also expected to be star-studded, with many famous artists, such as <a href="https://www.businessinsider.in/entertainment/news/adele-drake-and-lana-line-up-to-perform-at-anant-ambani-and-radhika-merchants-wedding-in-mumbai/articleshow/111480856.cms">Adele, Drake, and Lana Del Rey, expected to perform at the wedding</a>. Ahead of the big day, the Mosalu/Mameru ceremony took place at Antilia. <h2>What is <keyword id="22298098" type="General" weightage="20" keywordseo="Mosalu-and-Mameru" source="Orion">Mosalu and Mameru</keyword>?</h2>Mosalu is a traditional <keyword id="22298099" type="General" weightage="20" keywordseo="Gujarati-ceremony" source="Orion">Gujarati ceremony</keyword> celebrated a few days before the wedding. During Mosalu, the groom’s mother’s family brings gifts and blessings for the couple. In this Radhika and Anant Ambani’s wedding, members of Nita Ambani’s family, led by her mother, Purnima Dalal, and her sister, Mamta Dalal, visited the Ambani residence in Mumbai. The groom’s uncles and family presented the bride and groom with a traditional set of gifts called 'Mameru.' This ceremony shows respect for the larger family and includes them in the wedding festivities. <div type="INSTAGRAMURL" thumbUrl="undefined" caption="Caption not available." user="undefined" cmsId="1720170174184"><url><![CDATA[https://www.instagram.com/p/C8-EjqDIEb8/]]></url><permalink><![CDATA[https://www.instagram.com/p/C8-EjqDIEb8/]]></permalink><payload><![CDATA[]]></payload></div>During the ceremony, Radhika Merchant wore a custom Manish Malhotra lehenga with 'Durga-shloka' embroidered on the borders. She paired this beautiful outfit with her mother Shaila Merchant's jewellery. The wedding festivities for Radhika Merchant and Anant Ambani began with the 'Mameru' ceremony at Antilia. Ahead of <keyword id="22298097" type="General" weightage="100" keywordseo="Anant-and-Radhikas-wedding" source="Orion">Anant and Radhika’s wedding</keyword>, Nita and Mukesh Ambani were seen at several places performing various activities. Earlier, the distribution of wedding invites began with Nita Ambani visiting the Kashi Vishwanath Temple to offer the first invitation and seek blessings. The Ambani family also hosted a mass wedding in Thane for underprivileged couples.

A closer look at Mosalu and Mameru ceremonies before Anant and Radhika’s wedding

<ul class="summary-list"><li>Anant Ambani and Radhika Merchant held their sangeet, a pre-wedding celebration, on Friday.</li><li>The event featured a star-studded guest list and a performance by Justin Bieber.</li></ul>The wedding of the year has almost arrived.<a target="_blank" class="editor-rtfLink" href="https://www.businessinsider.in/india/news/anant-ambani-and-radhika-merchant-to-wed-at-the-jio-world-convention-centre-in-mumbai-on-july-12/articleshow/110562426.cms">Radhika Merchant and Anant Ambani</a>, the youngest son of <a target="_blank" href="https://africa.businessinsider.com/local/markets/indian-billionaire-ambani-targets-african-telecom-market-with-new-venture/vwmsmgn">Asia's richest man</a>, will marry on July 12 at the Jio World Convention Centre in Mumbai. Guests will be treated to a weekend of festivities, with activities on July 13 and the reception on July 14.The couple's upcoming nuptials hit social media in March when videos and photos surfaced of lavish pre-wedding festivities hosted by <a target="_blank" class="editor-rtfLink" href="https://www.businessinsider.com/ambani-richest-family-in-asia-india-lifestyle-home-wedding-photos-2018-12">the Ambani family</a>. The family's patriarch, <a target="_blank" class="editor-rtfLink" href="https://www.businessinsider.com/how-rich-mukesh-ambanis-india-2020-1">Mukesh Ambani</a>, chairman of Reliance Industries, has a net worth of $123.4 billion. His wife, <a target="_blank" class="editor-rtfLink" href="https://www.businessinsider.com/nita-ambani-jewelry-at-anant-ambani-pre-wedding-celebration-2024-3">Nita Ambani</a>, is a philanthropist who serves as chairperson of the Reliance Foundation.The pre-wedding celebrations have been extravagant, like hiring <a target="_blank" href="https://www.businessinsider.com/rihanna-concert-ambani-indian-wedding-fee-cost-estimate-2024-3">Rihanna for a private performance</a> in March, and the most recent event — a sangeet ceremony on Friday in Mumbai — was no exception.Anant and Radhika hosted the traditional musical celebration that unites the couple's families. The pair arrived in ensembles designed by Abu Jani and Sandeep Khosla.<div type="image" title="Anant Ambani and Radhika Merchant on July 5 at their sangeet." height="3264" width="2184" msid="111545665" hostid="261" sizebytes="651112"></div>As expected, the Ambanis went above and beyond with the performances and booked Justin Bieber. Paparazzi captured photos of Bieber arriving in Mumbai on Friday, and the singer shared several photos from the event on his Instagram account on Saturday.He posed with <a target="_blank" href="https://www.instagram.com/p/C9GAOBRoO00/?hl=en&amp;img_index=1">Merchant and Anant</a> in several photos.Videos showing Bieber singing "Sorry" and other songs at the party have gained traction on Twitter and TikTok, including the official French outlet <a target="_blank" href="https://www.tiktok.com/@leparisien/video/7388552611810610465?lang=en">Le Parisien account</a>.Representatives for Bieber did not respond to a request for comment from Business Insider.The entire event was a star-studded affair.<h2 id="4f4433fd-260c-468f-8f41-a68c0ad00601">Celebrities and athletes showed off their style</h2>Several celebrities posed for photos at the sangeet, including actors Kiara Advani and Sidharth Malhotra.<div type="image" title="Bollywood actors Kiara Advani (L) and Sidharth Malhotra at Anant Ambani and Radhika on July 5, 2024." height="1382" width="1843" msid="111545659" hostid="261" sizebytes="275604"></div>Actor Varun Dhawan also attended the event with his wife, Natasha Dalal, while Vidya Balan attended with her husband, Siddharth Roy Kapur.<div type="image" title="Bollywood actress Vidya Balan (R) poses for a photo with her husband producer Siddharth Roy Kapur on July 5 at the Ambani's sangeet." height="2397" width="3196" msid="111545663" hostid="261" sizebytes="520314"></div>Other actors included Jaaved Jaaferi, Janhvi Kapoor, Sara Ali Khan, and Khushi Kapoor.<div type="image" title="Actress Janhvi Kapoor on July 5 at Anant Ambani and Radhika Merchant's sangeet ceremony." height="2070" width="2760" msid="111545667" hostid="261" sizebytes="556458"></div>Several athletes posed for photos, too.Cricketer Mahendra Singh Dhoni and his wife, Sakshi Dhoni, attended the event together.<div type="image" title="Indian cricketers Ishan Kishan (L) and Hardik Pandya (R) pose for a photograph during the Sangeet ceremony for Anant Ambani and Radhika Merchant." height="2216" width="2954" msid="111545660" hostid="261" sizebytes="479712"></div>Photos also captured Shreyas Iyer, Ishan Kishan, and Hardik Pandya.The Ambanis are accustomed to hosting high-profile individuals — pre-wedding festivities in March brought out <a target="_blank" class="editor-rtfLink" href="https://www.businessinsider.com/mark-zuckerberg-priscilla-chan-loud-luxury-at-ambani-pre-wedding-2024-3">Facebook founder Mark Zuckerberg</a> and <a target="_blank" class="editor-rtfLink" href="https://www.businessinsider.com/bill-gates-mark-zuckerberg-among-expected-attendees-at-indian-wedding-2024-2">Microsoft founder Bill Gates</a>.

Justin Bieber performed at an Ambani pre-wedding party for family and friends. Here's a look at the exclusive guest list.

The <keyword id="20288056" type="General" weightage="20" keywordseo="BJP-led-NDA" source="keywords">BJP-led NDA</keyword> on Tuesday surged ahead with leads in more than 200 <keyword id="21073505" type="General" weightage="20" keywordseo="parliamentary-seats" source="keywords">parliamentary seats</keyword> out of 350 for which trends were available, with opposition <keyword id="19895684" type="General" weightage="20" keywordseo="INDIA-bloc" source="keywords" meta.keywordsubtype="org" meta.entityname="INDIA bloc" meta.hostid="261" meta.entityid="INDIA bloc">INDIA bloc</keyword> ahead in 120, according to television reports. India Today gave leads in 205 seats to the NDA, while the INDIA bloc was ahead in 129; ABP News gave 230 to the NDA and 120 to the opposition alliance; and NDTV showed NDA leading in 194 seats with INDIA bloc closing in on 135 seats. Counting of votes for the <keyword id="56978" type="General" weightage="20" keywordseo="Lok-Sabha-elections" source="Orion">Lok Sabha elections</keyword> has begun across states and Union Territories, Chief Election Commissioner Rajiv Kumar told PTI. According to the Conduct of Election Rules, postal ballots were taken up for counting first and the process of counting of votes recorded in electronic voting machines (EVMs) began 30 minutes later. The process of counting votes cast through postal ballots and EVMs will continue simultaneously. <div type="javascript" title="Custom" contenttype="Infographic"><cdata><![CDATA[]]></cdata></div> While the Lok Sabha has 543 members, counting is being held for 542 seats after the BJP's Surat candidate Mukesh Dalal was elected unopposed. Counting of votes is also underway for the assembly polls in Andhra Pradesh and Odisha, where polling was held simultaneously with the Lok Sabha elections. Elections to the assemblies of Arunachal Pradesh and Sikkim were also held alongside the Lok Sabha polls. The results of these elections were declared on June 2. Since 2019, VVPAT (voter verifiable paper audit trail) slips from five randomly selected polling stations per assembly constituency -- or segment in case of Lok Sabha seats -- are matched with the EVM count for greater transparency.

Lok Sabha elections results: INDIA bloc leads in 120 seats in early trends; BJP-led NDA crosses 200 mark

New Delhi [India], June 4 (ANI): With counting progressing in <keyword id="19912155" type="General" weightage="20" keywordseo="Lok-Sabha-polls" source="keywords">Lok Sabha polls</keyword>, the Bharatiya Janata Party-led <keyword id="20344628" type="General" weightage="20" keywordseo="National-Democratic-Alliance" source="keywords" meta.keywordsubtype="org" meta.entityname="National Democratic Alliance" meta.hostid="261" meta.entityid="National Democratic Alliance">National Democratic Alliance</keyword> is leading on more than 100 seats as per the latest trends according to TV channels. Around 642 million people voted in Lok Sabha elections held over seven phases in a mammoth six-week period. The counting of votes began starting with postal ballot papers amid tight security. The counting for State Legislative Assemblies of 175 Assembly constituencies in Andhra Pradesh and 147 Assembly constituencies in Odisha and results of bypolls in 25 Assembly constituencies also began. The Lok Sabha elections for 543 seats of the lower house were held across seven phases. The <keyword id="19931558" type="General" weightage="20" keywordseo="Bharatiya-Janata-Party" source="keywords" meta.keywordsubtype="org" meta.entityname="Bharatiya Janata Party" meta.hostid="261" meta.entityid="Bharatiya Janata Party">Bharatiya Janata Party</keyword> is eyeing a third straight term in power, while the Opposition under the umbrella of the <keyword id="19895684" type="General" weightage="20" keywordseo="INDIA-bloc" source="keywords" meta.keywordsubtype="org" meta.entityname="INDIA bloc" meta.hostid="261" meta.entityid="INDIA bloc">INDIA bloc</keyword> is seeking to wrest power from the ruling party.Most exit polls predicted a straight term for Prime Minister Narendra Modi, with quite few of them projecting a two-thirds majority for the ruling BJP-led National Democratic Alliance (<keyword id="41281" type="General" weightage="20" keywordseo="NDA" source="Orion">NDA</keyword>). The Congress party and its allies dismissed the exit polls as "orchestrated" and a work of "fantasy", asserting that the opposition INDIA bloc will form the next government at the Centre. Strict security has been put in place for the smooth conduct of counting of votes for over 8,000 candidates in this general election. With counting began for the Lok Sabha elections, which have seen the largest voter participation, the electoral fate of several leaders across the political spectrum will be decided. Prime Minister Narendra Modi, Home Minister Amit Shah, and Defence Minister Rajnath Singh are among the senior BJP leaders in the fray. Key opposition leaders, including former Congress chief Rahul Gandhi, NCP's Supriya Sule, and Samajwadi Party chief Akhilesh Yadav, are also contesting the poll. Two polls predicted the BJP would also improve its numbers from the 303 seats it won in the 2019 Lok Sabha polls. In the 2019 elections, NDA wrested 353 seats, of which the BJP won 303 alone. The Opposition's UPA got only 93 seats of which the Congress got 52. Even before the counting of the votes, the Bharatiya Janata Party won one seat of Surat Lok Sabha. Earlier on April 22, Mukesh Dalal won the election "unopposed". Congress nominee Nilesh Kumbhani's nomination was rejected. His candidacy was rejected because of alleged discrepancies in the signatures of the proposers.

Lok Sabha election results: BJP-led NDA leading in 100 plus seats in early trends

<ul><li>The 30-share BSE index was trading 301 points higher, and the broader NSE Nifty gained 0.64% on Tuesday at 10:07 am. </li><li>Here’s a list of the top losers and gainers in the Nifty pack. </li><li>These are the top stocks that are buzzing in trade today.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Indian equity indices opened at record highs on Tuesday, playing catch-up with overseas gains after a long weekend. News that US drugmaker Moderna’s coronavirus vaccine was 94.5% effective in preventing infection is adding to the gains on Dalal Street. The 30-share BSE index was trading 301 points higher, and the broader NSE Nifty gained 0.64% on Tuesday at 10:07 am. Here’s a list of the top losers and gainers in the Nifty pack. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Gainers </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Losers </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tata Steel </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">BPCL </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">SBI </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hero Motocorp </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tata Motors </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Dr Reddy </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HDFC Bank </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HCL Tech </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IndusInd Bank </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bajaj Auto </td></tr></tbody></table>*as of November 17, 10:06 am These are the top stocks in news today. Tata Steel tops over 6% The shares of Tata Steel rallied over 6% hitting the 52-week high of ₹523. This came after the company in a separate statement informed stock-exchanges that it has plans with respect to its operations in Europe. The company has initiated discussions with Sweden-based SSAB on the potential sale of Tata Steel Netherland business, including Ijmuiden steelworks. Tata Steel said it has also initiated the process to separate Tata Steel Netherlands and Tata Steel UK and will pursue separate strategic paths for the Netherlands and the UK businesses in the future. BPCL plunges over 4% The shares of BPCL plunged over 4% even though it completed its first phase of the privatisation process on Monday with several suitors submitting Expressions of Interest (EoI) for the state-run oil major. However, Reliance Industries as well as supermajors Saudi Aramco, BP and Total did not make a bid for BPCL. Reliance Industries opened 4% higher The shares of Mukesh Ambani owned Reliance Industries’ opened 4% higher after its retail arm has picked up 96% stake in online furniture retailer<a href="https://www.businessinsider.in/retail/news/reliance-retail-acquires-urban-ladder-for-182-crore-at-a-sixth-of-the-startups-peak-valuation-in-2018/articleshow/79230550.cms"> Urban Ladder</a> for over ₹182 crore. The company said this acquisition would help Reliance Retail in bolstering its presence in the fast-growing e-commerce segment and widening the bouquet of consumer products provided by it as it looks to compete with e-commerce majors like Amazon and Flipkart. HDFC Asset Management Company gains over 2% The shares of HDFC Asset Management Company gained over 2% after its board of directors has approved the appointment of Navneet Munot as its next managing director and chief executive officer, succeeding Milind Barve. Munot was the chief investment officer of SBI Funds Management. NBCC India trades 2% higher The shares of state-owned construction firm NBCC opened 2% higher after the company said it had bagged business orders worth ₹1,165.52 crore last month. Larsen &amp; Toubro gain over 2% The shares of Larsen &amp; Toubro gained over 2% after the engineering and construction giant Larsen &amp; Toubro emerged as the lowest bidder for a ₹3,200 crore project to build a road bridge over the Brahmaputra river, according to an NHIDCL official. It will be one of the longest road bridges over a river in the country and on completion will connect two eastern states - Assam and Meghalaya. SEE ALSO:<a href="https://www.businessinsider.in/science/health/news/moderna-says-its-coronavirus-vaccine-is-94-5-effective-against-covid-19-a-crucial-victory-in-the-fight-against-the-pandemic/articleshow/79247349.cms" data-type="tilCustomLink"> Moderna says its coronavirus vaccine is 94.5% effective against COVID-19, a crucial victory in the fight against the pandemic</a> <a href="https://www.businessinsider.in/stock-market/news/dow-soars-375-points-to-near-record-as-modernas-vaccine-update-boosts-investor-optimism/articleshow/79249468.cms" data-type="tilCustomLink">Dow soars 450 points to new record as Moderna's vaccine update boosts investor optimism</a>

Market hits record high, Sensex breaches 44,000 — these are the top movers today

<ul><li>The 30-share BSE index gyrated 473 points in the first 30 minutes of trade, and NSE Nifty fell 41.85 points.</li><li>Here’s a list of the top losers and gainers in the Nifty pack. </li><li>These are the top stocks that are buzzing in trade today.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Choppy start on Dalal Street with Indian benchmark indices losing ground in early trade on Monday. Both Sensex and Nifty saw some weakness, tracking losses in index-heavyweights Reliance Industries, <keyword id="6357150" type="ORGANIZATION" weightage="20" keywordseo="tcs">TCS</keyword>, and Infosys amid sustained foreign fund outflow. Investors are also cautious ahead of the US presidential election that takes place tomorrow. The 30-share BSE index gyrated 473 points in the first 30 minutes of trade, and NSE Nifty fell 41.85 points. Here’s a list of the top losers and gainers in the Nifty pack. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Gainers </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Losers </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IndusInd Bank </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">RIL </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ICICI Bank </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Divi’s lab </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bharti Airtel </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HCL Tech </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Axis Bank </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Eicher Motors </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">SBI India </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">TCS </td></tr></tbody></table>*as of November 2, 10:50 am These are the top stocks in news today. Reliance Industries down 5% The shares of Mukesh Ambani-owned Reliance Industries (<keyword id="6484187" type="COMPANY" weightage="20" keywordseo="ril">RIL</keyword>) lost 5% during early trading on Monday after the company reported a 32.5% year-on-year decline in its standalone net profit to ₹6,546 crore. <a href="https://www.businessinsider.in/business/corporates/news/reliance-industries-ril-second-quarter-earnings-profit-and-revenue/articleshow/78955070.cms">Refining and petrochemicals</a>, which together make for over three-fourth of the company’s revenue, took a major hit during the quarter. The overall revenue declined 32.7% year-on-year to ₹61,246 crore during the same period. <keyword id="6653" type="CITY" weightage="20" keywordseo="ICICI-bank">ICICI Bank</keyword> gains 5% The shares of private lender ICICI Bank gained over 5% after it reported<a href="https://www.businessinsider.in/stock-market/news/icici-bank-surges-6-after-it-posts-six-fold-jump-in-net-profit-at-over-42-billion/articleshow/78992379.cms"> over a six-fold jump in its standalone net profit at ₹4,251 crore</a> for the second quarter ended September 30. The company’s total standalone income stood at ₹23,650.77 crore, it said in a regulatory filing. Hero MotoCorp trades 2% The shares of India’s largest two-wheeler giant Hero MotoCorp gained 2% on Monday after it registered its <a href="https://www.businessinsider.in/stock-market/news/hero-motocorp-shares-gain-after-it-logs-highest-ever-sales-in-october/articleshow/78992126.cms">highest-ever monthly sales</a> in October. The two-wheeler maker reported a 35% rise in its domestic wholesales at 7.91 lakh units. <keyword id="46717" type="CITY" weightage="20" keywordseo="IndusInd-Bank">IndusInd Bank</keyword> trades 7% higher IndusInd Bank gained over 7% on Monday despite the bank reporting a 53% year-on-year decline in its standalone net profit at ₹647.04 crore in the quarter ended September 30. The bank’ ’s gross Non-Performing Assets (NPAs) were nearly flat at 2.21% of the gross advances as of September 30 vs 2.19% in the year-ago period. <keyword id="6355975" type="COMPANY" weightage="20" keywordseo="axis-bank">Axis Bank</keyword> trades 3% higher The shares of Axis Bank were trading 3% higher after the bank had revised the agreement with Max Financial, the promoter of Max Life after the Reserve Bank did not allow it to acquire 17% stake in Max Life Insurance directly. The lender said it will now acquire a 19% stake in the insurance firm along with its subsidiaries. Future Retail opens 1.5% higher The shares of Future Retail opened 1.5% higher after Future Retail informed Indian stock exchanges BSE and NSE that <a href="https://www.businessinsider.in/business/news/future-retail-reliance-deal-bse-to-consult-sebi-after-amazons-request-heres-all-that-has-happened-so-far/articleshow/78949099.cms">Amazon’ entirely misconceived’ </a>the agreement between Amazon and Kishore Biyani (CEO of Future Group), same as between Future Retail and its promoters. The filing said that the stock exchanges must not consider the order of a Singapore arbitration court. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/hero-motocorp-shares-gain-after-it-logs-highest-ever-sales-in-october/articleshow/78992126.cms" data-type="tilCustomLink">Hero Motocorp shares gain after it logs ‘highest-ever’ sales in October</a> <a href="https://www.businessinsider.in/business/news/former-hdfc-bank-ceo-aditya-puri-joins-carlyle-group-as-senior-advisor/articleshow/78991270.cms" data-type="tilCustomLink">Former HDFC Bank CEO Aditya Puri joins Carlyle Group — will advise the global investment firm on Asia bet</a>

Top stock movers — Future Retail, RIL, TCS, HCL Tech, ICICI Bank, Axis Bank, IndusInd Bank, and others

<ul><li>The forced closure of thousands of schools across India and the subsequent shift to <keyword id="6379645" type="UNKNOWN" weightage="20" keywordseo="Online-Education">online education</keyword> is affecting the mental health of children. </li><li>And that’s not the only issue that’s worrying. A large proportion of children do not even have access to online education. </li><li>In India, only 24% of households possess smartphones, while 11.5% of households have a computer with an Internet connection.</li></ul>When schools were first shut temporarily in March as a precautionary step against COVID-19 spread, Navya — a class 9th student from Rajasthan — and many others like her were happy about not going to school, doing homework. For them, the pandemic had advanced their summer holiday, and they were excited about the prospects of extended leave. But this small bubble of happiness burst soon enough, once the nationwide lockdown got extended, and it became a reality that going back to schools won’t be possible anytime soon. This forced closure of thousands of schools across India and the subsequent shift to online education is impacting children’s mental health. “For teachers, the first challenge is to maintain the unwavering attention of a 7 to a 9-year old child on the screen. This is exacerbated by the fact that online classes are a new learning method, implemented in the first term of the academic year. Another challenge is to ensure participation from all students and keep them 'actively' engaged for the entire duration of the virtual class, " said Sudeshna Chatterjee, Director Principal, EuroSchool Airoli. The pitfalls of virtual classes: Lack of focus, excessive screen time <div type="image" title="Online Education" msid="77476823" hostid="261" caption="&amp;lt;p&amp;gt;In house online studies going on in Bhandup in Mumbai&amp;lt;/p&amp;gt;"></div> Parents whose children can access online lessons are not pleased with this experience either. The massive increase in screen time is of great concern for parents. It includes not just the time they spend attending <keyword id="2840060" type="PERSON" weightage="20" keywordseo="virtual-school">virtual school</keyword> sessions, but also the time spent on digital homework as well. Moreover, since there are no physical activities that they can engage in, most of the kids remain glued to the screen all day long for playing video games or watching cartoon shows. “Concentration is a big trouble for young children. Adding to that, most children feel ignored as they feel cut off from a teacher. Teachers, too are, struggling to engage with the children and see them all at once. So there is the issue of teaching becoming a one-sided affair. As homework shifts online, increased screen time is another unwanted side effect,” the mother of a 4-year old child told Business Insider India. The Indian government recently capped the duration and the number of sessions in a day for students — allowing only 30 minutes of online class for pre-primary students, and two online sessions of up to 45 minutes each from standard one to eight. All work and no play makes Jack a dull boy <div type="image" title="Whatsapp." msid="77476692" hostid="261"></div> Students are complaining about the fatigue and exhaustion of attending these virtual classes. It does not help that the coronavirus induced lockdown and other restrictions imposed by government authorities have curbed the extra-curricular activities that the kids would usually indulge. Being cooped up inside their homes for long periods, and lack of physical activities or inability to play with their friends is taking a toll on mental and physical health. Students are complaining about frequent headaches, eye-related problems, and back pain now more than ever. “The new way of learning is difficult to adapt for the kids, my 10-year-old does things on his own, like logging in and out of the class but he keeps complaining it is not like school, and he misses his friends and physical activity. At times, I do catch him with the camera off, or browsing something else,” Batul Munim, the mother of two boys (ages 6 and 10), told Business Insider India. Munim says his son has had several meltdowns since May-end once the ‘original vacation’ period got over. “Every other sentence would start with: Mom, if we are in school, then this would happen.” She further adds that online lessons have been more challenging for her six-year-old son, who wants to escape after every class. “He is sleepy, hungry, and disinterested, or sometimes it is plain boredom,” she added. “The physical play that students would have when they are in an outdoor system; that thing is not there in a flat system. It is definitely affecting health, and no social interaction is adding more to this. When students go to school, they have recess or lunch breaks to meet people and chat. But in an online class, students cannot chat,” Dr. Geeta Dalal, a ‎Psychologist, Special Educator &amp; Dyslexia Therapist, told Business Insider India. Dalal adds that the current situation is tough because not everyone can sit and study alone, “Man is a social animal, and this COVID-19 (lockdown) has put people in the shell. All the measures that are being taken are valid. But it is also understandable that the frustration levels are high, and this situation is something where parents cannot do anything about it. Everything has become virtual now - from school to play dates.” She believes that this is the only option both children and parents have right now. Thus, it becomes difficult to ensure progress of the child. Regular test, which use to help determine student's growth, are also not adding much value. According to French Professor Jyoti Chhabria, "progressive tests cannot rule out cheating by some students. Hence, the scores may not give the true picture of a student's potential," Chhabria told Business Insider India. The bane of connectivity issues <div type="image" title="Online Education2" msid="77476844" hostid="261" caption="&amp;lt;p&amp;gt;A student preparing for medical examination online. &amp;lt;/p&amp;gt;"></div> Poor connectivity and lack of online infrastructure bring along a whole new set of problems. “I am a parent of a 4-year kid, and my daughter has two classes in a day. The first one is around noon and another one at 5 pm. I find that sometimes the teacher is waking up half of the kids, sometimes the kids are unmuting themselves (and telling the teachers - you are not visible). More than the teachers, parents are struggling to make their kids sit in the class. I really do not feel that these (online) classes are suitable for primary students,” Niti Garg, a working professional, and a mother told Business Insider. But this is not the only problem that is worrying. In India, a large proportion of children do not even have access to online education. 24 million children may drop off school due to COVID-19: UN <div type="image" title="Jaikishan Patel" msid="77476731" hostid="261"></div>About 24 million children (primary students) in India may not go back to school next year because of economic fallout. The actual number of students dropping out of school may be much higher, a <a href="https://www.thehindu.com/news/international/covid-19-pandemic-created-largest-disruption-of-education-in-history-un/article32265660.ece">recent UN study</a> said. In India, only 24% of households possess smartphones, while 11.5% of households have a computer with an Internet connection. Separately, about 90 lakh students — enrolled in government colleges in India — do not have access to online education primarily <a href="https://theprint.in/india/education/90-lakh-govt-college-students-cant-access-online-lessons-report-states-urges-aid/469631/">because of the unavailability</a> of electricity, smartphones, laptops, and the internet. Experts believe the current online school system may only increase the <keyword id="133031" type="PERSON" weightage="20" keywordseo="digital-divide">digital divide</keyword>. SEE ALSO: <a href="https://www.businessinsider.in/india/news/these-are-the-tabletop-airports-in-india-two-of-them-have-seen-major-plane-crashes-in-last-10-years/articleshow/77427972.cms">These are the tabletop airports in India – two of them have seen major plane crashes in last 10 years</a> <a href="https://www.businessinsider.in/business/startups/news/how-karan-bajaj-sold-his-less-than-18-month-old-startup-white-hat-jr-to-byjus/articleshow/77415329.cms">A WhatsApp message, six weeks of talks and a $300 million deal – how Karan Bajaj sold his less than 18-month old startup White Hat Jr to Byju’s</a> <a href="https://www.businessinsider.in/business/news/mukesh-ambani-is-now-the-worlds-fourth-richest-person-after-he-beat-louis-vuitton-owner-bernard-arnault/articleshow/77431776.cms">Mukesh Ambani is now the world’s fourth-richest person after he beat Louis Vuitton owner Bernard Arnault</a>

Online education in India is taking a toll on students, teachers, and parents too

<ul><li>The top <keyword id="8153180" type="UNKNOWN" weightage="20" keywordseo="5-richest-families-in-India">5 richest families in India</keyword> hold a combined wealth of ₹9,22,600 crore crore. </li><li>The list includes Ambani who have ₹3,80,700 crore, Godrejs who have ₹1,57,000 crore and Hindujas who control ₹1,86,500 crore; occupy the top three positions. </li><li>According to the Hurun Research Institute, the top 10 <keyword id="6908858" type="UNKNOWN" weightage="20" keywordseo="richest-families-in-india">richest families in India</keyword> control more than half the country's businesses. </li></ul>The top ten richest families in India have a combined wealth of a massive ₹9,22,600 crore. And, they are not shy of showing it. According to Hurun Research Institute, the top 10 richest families in India control more than half the country's businesses. From the Ambani's family whose ₹3,80,700 crore comes from Reliance Industries; to Wadias who control a textiles-to-airlines group, here's a rundown of 10 wealthiest families in India. <keyword id="881409" type="PERSON" weightage="20" keywordseo="Ambani-family">Ambani Family</keyword> and their splendid lifestyle <div type="image" title="Mumbai: Industrialist Mukesh Ambani and wife Nita Ambani at the book launch of t..." msid="71323910" hostid="261" caption="Industrialist Mukesh Ambani and wife Nita Ambani at the book launch of the book &amp;#39;A Journey Forever&amp;#39; Authored Vijay Haribhakti (3rd from L) in Mumbai.Photo/Mitesh Bhuvad)("></div>
NetWorth: ₹3,80,700 crore Source of Income: Reliance Industries 
 Mukesh Ambani, his wife Nita, and their three children – Akash, Isha, Anant – make up India's richest family, whose wealth is at ₹3,80,700 crore. The whole country is in awe of them not just because of the wealth, but their glimmering lifestyle. The twins Akash and Isha’s weddings captured national and international attention. Not only did all of Bollywood dance to it, international popstar Beyonce's too performed at one of the functions. 
 <div type="image" title="f45f6e4737b8a785c52178517959b8ea" msid="71324114" hostid="261"></div>

 The Ambanis also reside at one of the world's most expensive homes Antilia — the 27-storey skyscraper in Mumbai that allegedly costs a billion dollars. Mukesh Ambani, chairman of Reliance Industries, was named richest person in India in the Hurun rich list for the 8th time in a row. His wealth is more than the combined wealth of country’s second and third richest who are --SP Hinduja family and Azim Premji, respectively. The <keyword id="2349569" type="PERSON" weightage="20" keywordseo="Godrej-family">Godrej family</keyword> is made of old money and new <div type="image" title="a33b9cac8ff8e00ea7d73291ba4100cd" msid="71324115" hostid="261"></div>
Networth: ₹1,57,000 crore Source of Income: Godrej Group The Mumbai-based Godrej family built its fortune from multiple businesses with interests across consumer goods, real estate, white goods and more. The patriarch of the family is Adi Godrej, the 77-year-old Indian billionaire with a net worth of US$2.9 billion. The 122-year-old conglomerate r<a href="https://www.livemint.com/companies/news/godrej-family-locked-in-a-dispute-over-land-seeks-external-advice-1561659296389.html">ecently ran into disputes over a vast land they hold in Mumbai</a>. The family sought external help to resolve the dispute. The Hindujas 
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 Networth: ₹1,86,500 crore Source of Income: The <keyword id="120582" type="COMPANY" weightage="20" keywordseo="Hinduja-Group">Hinduja Group</keyword> The Hinduja family has four siblings — Srichand, Gopichand, Prakash and Ashok. They run London-based conglomerate, the Hinduja group, which generates an annual revenue of $50 billion. P D Hinduja founded a merchant bank and trading company in 1914. Now, its trading operations are spread across every commodity except tobacco, alcohol and meat. It also expanded to many sectors including energy, foundries and more. The group is the fourth largest bus manufacturer in the world. In two decades, the Hinduja brothers increased their networth by 1,590%, from $1 billion in 1999 to $16.9 billion in 2019, <a href="https://www.forbes.com/profile/hinduja/#62a154084482">according to Forbes. </a> The Hinduja brothers are also one of the wealthiest in the UK. <a href="https://www.google.com/search?hl=en&amp;ei=QouNXZnaI4y89QOPxLGQDw&amp;q=Hidujas+asian+rich+list&amp;oq=Hidujas+asian+rich+list&amp;gs_l=psy-ab.3..33i21j33i160l2.87196.89511..89548...0.2..1.418.1880.2-2j3j1......0....1..gws-wiz.......0i71.58yxa5aXmYM&amp;ved=0ahUKEwiZg8PRkPDkAhUMXn0KHQ9iDPIQ4dUDCAs&amp;uact=5">The family’s net worth saw an increase of over three billion pounds in one year</a>, reported the Asian Rich List that positioned the family number one. They live in august company as their Carlton House Terrace mansion is close to Buckingham Palace in London. Adanis are in shipshape 
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 Networth: ₹120,900 crore Source of Income: The Adani Group Adanis family consists of billionaire <keyword id="111343" type="PERSON" weightage="20" keywordseo="Gautam-Adani">Gautam Adani</keyword>, his seven siblings and their families, is probably the largest family in the list. Their fortune is worth ₹120,900 crore, and the group owns India’s largest private port in Gujarat. The Adani group interests span across logistics, energy, agriculture, defense, and aerospace. In 25 years, Adani built one of India's largest infrastructure companies worth ₹4,700 crore. Adani group’s six companies — had a turnover ₹77,000 crore with ₹20,141 crore as operating profit in 2017-18. The Damanis of Dalal Street 
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 Networth: ₹77,500 crore Famous investor Radhakishan Damani along with his wife, daughter and brother form the country’s fifth richest family. They own the popular retail store D-Mart, is the primary source of the family’s vast income. Damani is a famous investor whose wealth doubled after a stellar listing of the retail chain on the stock exchanges in 2017. His daughter Manjri Chandak is a director at D-Mart. Radhakishan Damani who is often called the ‘Warren Buffet of India’, was also a mentor to ace investor, <keyword id="6398943" type="PERSON" weightage="20" keywordseo="rakesh-jhunjhunwala">Rakesh Jhunjhunwala</keyword>. The family has holdings in VST Industries, Sundaram Finance, India Cements, and Blue Dart. The family also owns the Radisson Blu resort at Alibaug, near Mumbai.

Here are the 5 richest families in India — who together hold a fortune of ₹9,22,600 crore

New Delhi, From the depths of despair to an adrenaline-pumping ascent, <keyword id="6422161" type="UNKNOWN" weightage="20" keywordseo="equity-investors">equity investors</keyword> traversed the whole gamut of emotions in 2020 as a once-in-a-lifetime pandemic followed by equally unprecedented stimulus measures whiplashed <keyword id="156526" type="PERSON" weightage="20" keywordseo="Global-stock-markets">global stock markets</keyword>, upended conventional wisdom and blurred the lines between investing and speculation. Dalal Street witnessed gut-churning fluctuations, with the BSE <keyword id="6484188" type="COMPANY" weightage="20" keywordseo="sensex">Sensex</keyword> swinging between historic losses and eye-popping gains, sometimes in the same session, and confounded veterans and rookies alike. No one had anticipated that the Sensex and Nifty would be bludgeoned in late March, or that they will stage a remarkable recovery almost immediately and soar to all-time highs by the end of the year. But, 2020 has been a year full of events outside the realm of imagination. The year started off on an ominous note for financial markets when on January 3 top Iranian commander Qasem Soleimani was killed in a US drone strike in Iraq, ratcheting up tensions in the Middle East. The Sensex tumbled more than 900 points over two sessions but resumed its upward march to hit life highs later that month. Equities largely shrugged off initial reports of a coronavirus outbreak in China, in tandem with the global bourses, and looked ahead to the Budget. However, the Sensex logged one of its biggest single-day declines on February 1 after the Union Budget failed to live up to market expectations of growth-boosting measures and fiscal discipline. The real test, alas, was ahead. From mid-February, world stocks started getting skittish as it became clear that the COVID-19 crisis would not be limited to China. To add to the woes, Yes Bank was placed under a moratorium in a rare move, triggering a crisis of confidence in the domestic banking sector. The explosive cocktail of a global market meltdown and domestic troubles proved too much to take for Dalal Street. Four of the biggest single-day declines in the history of BSE Sensex came in March 2020, leaving participants shell-shocked. Its biggest-ever plunge (in absolute terms) was on March 23, when the benchmark crashed 3,934.72 points or 13.15%. Astonishingly, March also saw some of the index's biggest up-moves amid the RBI stepping in with emergency liquidity support. The Sensex's largest-ever single-session gain came a little later on April 7, when it zoomed 2,476.26 points as investors wagered on more stimulus measures from the government to battle the economic fallout of the pandemic. The turbulence on the domestic bourses also mirrored global market turmoil. The Dow Jones suffered its worst fall, emerging market assets were routed and in a mind-boggling moment, US oil futures turned negative for the first time in history. For a while, the world stopped making any sense. With the world economy comatose and governments overwhelmed by a cataclysmic health crisis, the task of propping up the financial markets and restoring investor confidence fell to the global central banks. "2020 will probably go down in history as a year when global central bankers injected close to USD 11 trillion as stimuli to combat the COVID pandemic," said S Ranganathan, Head of Research at LKP Securities. The massive money printing by the US Federal Reserve and its peers sparked a breathtaking turnaround in global stock markets. Never bet against the Fed, as the saying goes. Flush with funds, foreign portfolio investors (FPIs) poured in billions of dollars into emerging markets, with India topping the chart in Asia. FPI net inflows into Indian equity markets have crossed ₹1.5 lakh crore (over USD 20 billion) this year -- a lifetime peak. The Sensex erased its 2020 losses on November 5, while global investors monitored the results of the tightly-contested US elections. The next booster dose for world markets came over the following few days as companies like Pfizer, Moderna and AstraZeneca began announcing positive results from their COVID-19 vaccine trials. Human innovation once again triumphed against all odds, setting off a record-shattering relief rally in equities. From November 9 to December 18, the Sensex hit fresh record highs in 22 out of the 29 sessions. For the calendar year (till December 24), the Sensex has gained 13.86%, while the Nifty has delivered returns of 12.99%. Compared to the March lows, both the indices are up by a hefty 80%. <keyword id="595023" type="PERSON" weightage="20" keywordseo="Benchmarks">Benchmarks</keyword> had another engine propelling them higher this year - <keyword id="6355199" type="DOMAIN" weightage="20" keywordseo="reliance-industries">Reliance Industries</keyword> (RIL), which became the first Indian company to reach a market capitalisation of ₹15 lakh crore (USD 200 billion) in September. Beginning April, the Mukesh Ambani-led conglomerate announced a slew of deals to sell minority stakes in its telecom and retail arms to marquee investors like Facebook, Google, Silver Lake, KKR, Mubadala, and Public Investment Fund of Saudi Arabia. The company has raised around USD 25 billion so far this year as it seeks to ramp up its consumer-facing businesses. For a good part of the year, RIL almost single-handedly drove the domestic benchmarks higher in the absence of any buying triggers. The COVID-19 crisis also forced investors to take a relook at their sectoral allocations. "From the lows, markets started stabilising and pandemic sectors like FMCG, IT, pharma and chemicals benefitted. As the economy further opened up, growth and cyclical sectors reversed positively," said Vinod Nair, Head of Research at Geojit Financial Services. However, while stocks seem to have found their animal spirits back, there are also some murmurs of discontent. Analysts say world stock markets have developed a dangerous addiction to endless money printing by central banks, and show withdrawal symptoms of a junkie at the slightest indication of a moderation in monetary stimulus. Back home too, around half of the government's ₹20.97 lakh crore economic stimulus package comprised RBI's liquidity measures. This glut of global liquidity has pushed markets so far ahead of economic fundamentals that some are beginning to question whether the real economy matters in equity investing at all. For example, no one would be able to tell looking at the Sensex chart that the Indian economy shrank 23.9% in the first three months of FY21, and 7.5% the next quarter. Globally too, markets have been on a manic upswing even as millions have lost their jobs, small businesses are battling for survival and entire industries have been decimated. While the real economy has been ravaged by the pandemic, most financial market indicators are ruling at stratospheric levels. The BSE Sensex is currently trading at a price-to-earnings (PE) ratio of 32.89, the highest on record. To put it differently, investors are paying ₹32.89 for every rupee of future earnings of the 30 Sensex firms, compared to the previous 20-year average of around ₹19. Global market capitalisation -- the value of all the listed stocks in the world - topped USD 100 trillion for the first time ever in December. And in a classic sign of market mania, there's a rush of first-time investors eager to make a quick buck. A record 68 lakh new dematerialised (or demat) accounts were opened in India between April and October 2020, compared to nearly 49 lakh in the entire FY20, which was the highest in a decade. Experts attribute this trend to factors like increased time at home due to the lockdown, efforts to make up for lost jobs or incomes, and also FOMO, or the fear of missing out on this rally. This is also reflected in the growing popularity of discount broking apps like Zerodha and Upstox, which have dislodged traditional broking houses in terms of active clients. Like the Robinhood app in the US, such platforms have attracted the tech-savvy crowd with their slick interface and mobile-first approach which has 'gamified' the once-stodgy field of stock market investing. With Fed and FOMO playing in tandem, many questioned technicalities like PE and PB ratios. But, some analysts also maintain that 2020 was an outlier in terms of corporate earnings and hence valuation metrics like PE ratios this year are not strictly comparable to historical averages. However, even they agree that every segment of the economy would have to stage a synchronous and sensational comeback to catch up with the market projections. And if that comes to pass, 2021 would be an even more incredible year for the bourses. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/mrs-bectors-food-ipo-investors-saw-their-money-double-on-listing-day/articleshow/79934860.cms">Mrs Bector’s Food IPO investors saw their money double on listing day</a> <a href="https://www.businessinsider.in/thelife/personalities/news/from-taking-on-yahoo-to-being-tamed-by-chinas-communist-party-its-been-a-roller-coaster-decade-for-jack-ma/slidelist/79935613.cms">From taking on Yahoo to being tamed by China’s Communist Party— it’s been a roller coaster decade for Jack Ma</a> <a href="https://www.businessinsider.in/careers/news/ey-is-looking-to-hire-9000-techies-in-2021-to-boost-its-digital-services/articleshow/79936576.cms">EY is looking to hire 9,000 techies in 2021 to boost its digital services</a>

You Searched For "Mukesh Dalal" and got 11 results

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