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Posted
un Pharma Group's promoter Dilip Shanghvi moving ahead of Reliance Industries' Mukesh Ambani to become the richest Indian. Excluding Ranbaxy's valuation (its merger with Sun Pharma is yet to be completed), Shanghvi's net worth after Wednesday's gains was Rs 1.4 lakh crore. Ambani's net worth was Rs 1.3 lakh crore.
http://economictimes.indiatimes.com/news/company/corporate-trends/dilip-shanghvi-overtakes-mukesh-ambani-as-richest-indian/articleshow/46459539.cms :hatsoff:
Posted

no surprises as somebody whose family has held onto the reliance industries share for decades the last 5 years have been a total disappointment. If anything i am surprised its taken this long. The TATA group has zoomed ahead.

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He recently invested his personal money ( i.e not through the company Sun Pharma ) into Suzlon Energy...Any money invested into it( Suzlon) is like throwing into well IMO

Posted

Also - these studies are misleading...there will be many others in India with illegal wealth in real estate,etc. I am sure Jagan Reddy will be somewhere in top with all the benami properties that he and his late father (YSR ) siphoned off. Same with real estate mafia men in other cities. Politics + Real estate is a deadly combo

Posted
He recently invested his personal money ( i.e not through the company Sun Pharma ) into Suzlon Energy...Any money invested into it( Suzlon) is like throwing into well IMO
With the alternative source of energy gaining momentum, Suzlon should go up.
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I am a Gujju too. When my name will be added to the list? :woot:
When ambanis wealth trickles down to help the poor, so basically never. B-> Ps: I'm gujju too so basically laughing at myself :sad:
Posted
With the alternative source of energy gaining momentum' date=' Suzlon should go up.[/quote'] This has been the story since years. Recently ( few weeks back ), they sold their most important ( or one of the most important ) asset to raise money so no revenue for them from that. http://www.business-standard.com/article/companies/suzlon-sells-senvion-to-us-pe-fund-for-1-billion-euros-115012200090_1.html I am biased as I followed this story since years ( never invested a rupee thankfully ) and it is just my opinion. I might be wrong.
Posted
When ambanis wealth trickles down to help the poor, so basically never. B-> Ps: I'm gujju too so basically laughing at myself :sad:
Then lets make it trickle :P
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