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India’s 40 richest wealth drops 60 pc; Mukesh Ambani is richest Indian

By exchange4media News Service | Nov 13, 2008

The combined net worth of India’s 40 richest has taken a 60 per cent nosedive. Their total wealth is now $139 billion, down from $351 billion a year ago, according to the latest Forbes Asia India Rich List. These are painful times for India’s tycoons. The country’s once soaring stock market fell 48 per cent in the past year, the rupee depreciated 24 per cent against the dollar, and GDP growth is expected to slow by at least a percentage point, in part owing to double-digit inflation.

G2, Lokmat Group’s Global Gujarati magazine, turns one

By exchange4media News Service | Jan 09, 2008

G2, the Global Gujarati magazine from Cymbal Media, the magazine division set up by Lokmat Group, is celebrating its first anniversary with a special issue on the most ‘Most Admired People’. The magazine also has features on influential Gujaratis and Parsis, besides interviews with Dilip Shanghvi of Sun Pharma, Adi Godrej, and Mike Patel.