Mukesh Ambani retains the richest Indian title in Global Rich List, Mumbai is home to 42 billionaires

Mukesh Ambani retains the richest Indian title in Global Rich List, Mumbai is home to 42 billionaires

Hurun Report today released the Hurun Global Rich List India, a list of the richest people in India featured in the Hurun Global rich list with a cut-off of US$1bn. This is the 6th year of the list, which has become a benchmark for the private sector. For all conversion purposes the US Dollar to Indian Rupees is Rs 68.1/ US Dollar.

RIL’s Second Quarter Net Profit Down 23% to Rs. 7206 crores

RIL’s Second Quarter Net Profit Down 23% to Rs. 7206 crores

Billionaire Mukesh Ambani’s Reliance Industries Ltd (RIL) announced a 23% fall in its net profit at Rs 7,206 crore for the second quarter ended September 30, 2016 as against Rs 9,345 crore in the same period a year ago. The last year Q2 profit was higher on the back of income from sale of RIL’s US shale gas assets.