Asia most richest person

Share to Twitter Share to Linkedin Adani Enterprises —controlled by Gautam Adani and his family—is pushing ahead with plans to build India’s largest copper refinery as the world’s second most populous nation seeks to reduce its reliance on metal imports. The conglomerate—which also has interests in airports, edible oils, ports, renewable energy and toll roads—said in a regulatory filing on Sunday that its unit Kutch Copper has raised 60.7 billion rupees ($775 million) in loans from a syndicate of banks led by the State Bank of India. Proceeds will be used to accelerate the construction of a greenfield copper refining plant in Gujarat, Adani’s home state in western India. “Kutch Copper aims to create the capacity for production of refined copper, which plays a vital role in strengthening the nation’s shift towards electric vehicles and renewables,” Vinay Prakash, director of Adani Enterprises said in a statement. “The project has requisite technology … [Read more...] about Asia’s Richest Man, Gautam Adani, Raises $775 Million To Build India’s Largest Copper Refinery

Share to Twitter Share to Linkedin Eyewear mogul Leonardo del Vecchio—whose firm owns Ray-Ban, Sunglass Hut and more—died at age 87, with a fortune worth an estimated $25.5 billion and six children from three different relationships. The death of Italy’s second-richest man, Leonardo Del Vecchio , means that his estimated $25.5 billion fortune will now be divided among his heirs. The 87-year-old eyewear mogul leaves behind his second wife, Nicoletta Zampillo, and six children from three different relationships, ranging in age from 18 to 65. All seven are now likely to become billionaires, inheriting Del Vecchio’s Luxembourg-based holding company Delfin and its billions of dollars in assets. One of Italy’s most famous entrepreneurs with a rags-to-riches tale of success, the factory apprentice-turned-eyewear mogul lived in Monaco and held his vast fortune—including ownership of Sunglass Hut, Ray-Ban and Oakley—through Luxembourg-based Delfin. After a … [Read more...] about Here’s How Many Billions The Heirs Of Italy’s Second Richest Man–Who Died Monday–Stand To Inherit

Representative Image Santoor, the sandalwood soap of Wipro Consumer Care and Lighting (WCCL), has become a Rs 2,300 crore plus brand in FY22, its CEO Vineet Agrawal said. The company, which operates in FMCG and lighting products segment, has reported a revenue of Rs 8,634 crore for the financial year ended on March 31, 2022. Though the company is concerned about the inflationary pressure but expects business to improve in FY23 as palm oil prices are softening and the price of crude oil going down. Moreover, demand would be helped by a good monsoon and generation of more employment, he said. While talking about domestic business, Agrawal said: "In India, Santoor continues to do well. It was over Rs 2,300 crore last year and we continue to be the number two brand in terms of soap," Wipro Consumer Care and Lighting CEO Vineet Agrawal told PTI. While talking about domestic business, Agrawal said: "In India, Santoor continues to do well. It is now the leading brand in five … [Read more...] about Santoor becomes Rs 2,300 crore brand, Wipro Consumer FY23 turnover at Rs 8,634 crore

This article first appeared in The Edge Malaysia Weekly, on June 20, 2022 - June 26, 2022. - A + A DESPITE the reopening of borders since April 1, when Malaysia allowed quarantine-free travel for fully-vaccinated travellers into the country, it will be some time before the hotel industry regains a strong footing following the debilitating lockdowns of 2020 and 2021. In fact, it may well take another year at least before operators can operate at their full capacities at pre-pandemic levels, Malaysian Association of Hotel Owners (MAHO) president Tan Sri Teo Chiang Hong tells The Edge. “Average occupancy rates are an estimated 30% to 50% of pre-pandemic levels,” says Teo, who is owner and director of One World Hotel in Petaling Jaya, Selangor. He notes that resort destinations are seeing full occupancies while city hotels still face low occupancy. As at November 2020, a total of 204 tourism and hotel operators had shut down following the impact of the … [Read more...] about The State of the Nation: Hospitality industry struggling to cope despite borders reopening, brighter prospects

Nayeon of K-pop band Twice dropped her first solo album Im Nayeon on Friday as the first member from the group to go solo. Ahead of dropping the album, Nayeon conducted a press conference in Seoul to discuss her first album. “I have very mixed feelings right now. I’m kind of relieved as I’ve been preparing this for so long, but at the same time, I feel excited and very anxious,” Nayeon said, sporting platinum-blonde hair and in an elegant black pantsuit. Seven years into her career as a K-pop artiste, Nayeon seemed more nervous than ever standing in front of the cameras, bursting into giggles, her cheeks flushing now and then. Nayeon of Twice held a press conference about her solo debut EP “Im Nayeon” in Seoul on Friday. – Photo: JYP Entertainment Nayeon is the first member to debut solo from Twice since the act launched under JYP Entertainment in 2015. While it may seem comparatively late that Twice bandmates are finally getting the solo spotlight, Nayeon said now … [Read more...] about Twice’s Nayeon overcomes limits with first solo EP ‘Im Nayeon’

BEIJING, June 27 (China Daily/ANN): The US Supreme Court's seismic ruling on Friday (June 24) to overturn Roe vs Wade that has guaranteed women the constitutional right to abortion since 1973 has sent shockwaves across the United States and around the world. The 5-4 vote by the conservative majority court has allowed states the freedom to ban abortions, thereby denying women the right to make own personal decisions about their bodies and reproduction choices. Already, the so-called trigger bans in 13 states, mainly in the South and Midwest, have either gone into effect automatically with the court's decision or will go into effect in 30 days. Many other states are set to move in that direction. The Supreme Court's decision is a curtailment of the rights of women in the US that goes against the will of the majority of people in the country. The latest Pew survey shows that 61 per cent of US adults say abortion should be legal all or most of the time, while only 37 per cent say it … [Read more...] about Fatal backslide on women’s rights in US, says China Daily