Kylie Jenner, former Keeping with the Kardashians star is worth $900m (£680m) at the age of 20 according to Forbes and named her “the youngest-ever self-made billionaire”. Kylie launched a cosmetics firm two years ago. Forbes describes her famous pout “ What her half-sister Kim Kardashian West did for booty, Jenner has done for full…
Several thousand have gathered outside Buckingham Palace and City of London to watch the flypast of aircraft to mark the centenary of the Royal Air Force. About 100 planes representing the RAF over the years flew over the Mall following a parade by personnel watched by the Queen and other members of the Royal family.…
India is now the world’s fastest-growing economy and about to become the third largest economy in terms of purchasing power as foreign investors are rushing in. In The Billionaire Raj, to make India more accessible to the Western Investor, Crabtree draws an analogy between America’s gilded age at the end of the 19th century with…
Tata which owns the UK’s largest steelworks at Port Talbot in South Wales that employs 4000 people and ThyssenKrupp has agreed for a merger with a combined annual sale of £13bn and will create Europe’ second-largest steelmaker, after Arcelor Mittal. Three months ago, the pensions regulator approved the creation of a new pension fund after…
India’s plans to privatise large parts of the industry have been derailed by the botched attempts to sell Air India according to experts. Jayant Sinha, aviation minister, said: “ Whatever happens now to Air India depends on market conditions and will take years before we can contemplate selling Air India again.” Socialist policies have left…
Martin Sorrell is acquiring MediaMonks, a Netherlands-based digital production company, his first acquisition since leaving WPP and starting his own advertising venture. Sir Martin resigned from WPP after 33 years, which he turned into the world’s largest advertising group, after an investigation into his conduct last spring. He launched his own company S4 Capital, six…
Amazon has acquired Pillpack an online pharmacy group that delivers prescription drugs to the homes of patients with chronic ailments, sending investors deviating from traditional drug store chains. Amazon plans to start selling prescription drugs in its quest to make itself a one-stop shop for everything from clothing, batteries to television, film, food and…
A chartered plane (VT-UPZ)Beechcraft King Air C90 twin-turboprop belonging to Mumbai-based company U Y Aviation Pvt Ltd, crashed next to a building called Jagruti under construction, near Sarvodaya Nagar in Ghatkopar, Mumbai, India on 27th June 2018 Thursday afternoon around 8.00 am BST 1.30pm IST. According to images on Twitter, flames and thick black plumes…
Jack Ma, Alibaba founder, Pony Ma, Tencent CEO and Li Ka-Shing, CK Hutchinson Holdings former chairman, all billionaires have agreed to buy stakes in Xiaomi ahead of its IPO. Xiaomi’s IPO, the biggest since Alibaba’s 2014 IPO will see $30 million investment from Li Ka-Shing and expected to raise over $6.1billion through IPO.
Punjab National Bank’s retired deputy manager Gokulnath Shetty, who was posted in Mumbai, cleared over 13, 000 transactions of £110, 632 beyond his authorised £27,658limit to be part of India’s biggest fraud of over £1.7bn revealed by an internal probe. Shetty also sent 35 emails on high value transactions by jeweller Nirav Modi to PNB’s…