Lakshmi Mittal's salary,perks in 2013 declines 38% at $2.29 mn

Lakshmi Mittal, Chairman and CEO of world's largest steel-maker ArcelorMittal and one of the richest Indians, took a 38 percent cut in his salary and perks last year amid his firm reporting second consecutive loss in two years.

Mukesh Ambani is India's richest for 6th year with networth $21 bn

The country's 100 richest persons saw their collective wealth soar by a modest 3 percent in a year.

John Abraham questions role of country`s rich in helping needy

Questioning the social work done by corporates in the country, actor-producer John Abraham says there are hardly any billionaires who part with their money to help the needy. The youth, he believes, can play a big role.

India to see 242,000 millionaires by 2017: Credit Suisse

According to a Credit Suisse Research Institute's Global Wealth Report, the number of millionaires in the country in 2012 stands at 158,000, which is likely to swell to 242,000 by the year 2017, registering an increase of 53 percent.

Number of millionaires may rise to 84,000 in India by 2017

"India is likely to see a substantial jump of 53 percent in the number of millionaires to 84,000 by 2017," Credit Suisse Research Institute's Global Wealth Report said.

India's 7,730 super rich collectively own $925 bn: Report

India is home to as many as 7,730 ultra high net worth (UHNW) individuals whose combined wealth amounts to a whopping USD 925 billion, says a study.

Mukesh Ambani again tops list of richest Indians

Reliance Industries chairman Mukesh Ambani has topped the latest Forbes’ India Rich List with a net worth of 27 billion dollars for the third consecutive time.