-PTI However, in the corresponding period last year there were as many as 8,215 with a total wealth of $980 bn India is home to as many as 7,730 ultra high net worth (UHNW) individuals whose combined wealth amounts to a whopping $925 billion, says a study. According to the world ultra wealth report 2012-13, by Wealth X, a global wealth intelligence and prospecting company, India has 7,730 UHNW individuals, of which...

-The Hindustan Times Environment ministry will set up an expert committee to find out the mining Companies, including in coal sector, who have failed to start mining despite getting environment clearances and to strengthen the ministry's monitoring process. The ministry has given environment clearance to 530 million tonnes to coal but operations to mine only 200 million has started. Many Companies have failed to start mining despite getting the clearance years ago. There is...

-PTI The CBI has registered five cases in connection with illegal iron ore export scam worth Rs. 2500 crore and carried out searches at 17 locations, including in the premises of associates of jailed mining baron G Janardhan Reddy, on Saturday. Acting on the orders of Supreme Court which asked the agency to probe the scam, the agency registered five cases and a preliminary enquiry against firms and exporters allegedly related...

-The Business Standard Are in talks with political parties for support, fear foreign players will invoke equal-treatment clause in bilateral pacts between India and other nations As the Cabinet Committee of Economic Affairsgave a green signal to the 51 per cent FDI in multi-brand retail, though leaving the implementation decision to the states, the traders’ community is all out to protest against the big policy decision. Calling the move unfortunate, Confederation of...

-The Telegraph The Supreme Court today said it couldn’t be a coincidence that only politicians’ friends, relatives and associates were allotted coal blocks and asked the government to explain why it couldn’t implement a 2004 policy of bidding. “You (the Centre) may have a well-laid-out policy, but is it a coincidence that all the allottees are only politicians’ family, friends and associates?” a bench of Justices R.M. Lodha and Anil R. Dave...