- Advertisement -
Saturday, June 12, 2021
- Advertisement -

Coronavirus outbreak: Mukesh Ambani becomes poorer by Rs 24,000 crore in a day

Coronavirus outbreak has severely impacted India's richest man Mukesh Ambani. Know how!

00:02:55

Candid INTERVIEW With Bryan Adams | Rare Video

We have brought a world-exclusive and candid interview with one of Rock music's greatest icons, Bryan Adams. Bryan Adams is a successful Canadian singer and songwriter who hails...
00:48:17

The King Of Pop – Michael Jackson | Rare Video

Michael Jackson as you've never seen him before. Gone but never forgotten. Here's a rare never before seen glimpse of the King Of Pop...
00:02:43

The Ageless Musical Maestro – Bob Marley | Rare Video

Here's the rare and unseen video of The Ageless Musical Maestro - Bob Marley. Bob Marley, OM (6 February 1945 – 11 May 1981)...

Coronavirus outbreak has drastically slowed down the economies of the affected nations. The BSE Sensex and Nifty cracked over 9% each to fresh 52-week lows as index heavy-weights witnessed selling pressure. The Indian equity markets have slipped down causing severe losses to Indian billionaires. 

Mukesh Ambani, the richest Indian has become poorer by approximately 8% in just one day. On Wednesday, his net worth as per Forbes was $42 billion. And today, as of 2:50 pm his net worth dropped down to  $38.64 billion causing him a loss of nearly  $3.4 billion or Rs 24,000 crore. 

Similarly, Radhakishan Damani, the founder of Avenue Supermart, which runs DMart retail chain, and the second-richest Indian, saw his net worth dropping by nearly 6% to $ 14.5 billion. In a single day, he suffered a loss of Rs 6,400 crore.

Shiv Nadar, the founder of HCL Tech lost nearly $800 million of net worth as the shares of HCL Tech dropped by 7.71%.  Uday Kotak, the chairman of Kotak group, witnessed nearly $900 million or 7% fall in his net worth to $12.5 billion.

Gaurav Dua, head of capital market strategy at Sharekhan told a news agency, “The very fact that the WHO (World Health Organization) has called the outbreak a pandemic is a cause for worry for investors, especially since this comes against a backdrop of a slowing Indian economy.”

Indian investors have lost nearly Rs 7 lakh crore of wealth on Thursday. The market condition nowadays reminds us of the recession in 2008 that slowed down the world economy.

The Cause Wear & amp; Raindrop Media Come Together For The ‘Help India...

The Cause Wear and Raindrop Media have joined hands for an initiative, 'Help India Breathe'. Through which one can support sustainable fashion and also...
00:01:25

Naina Singh Expresses Her Opinion On Pearl V Puri Case

Popular actor and TV actor Naina Singh was recentky spotted outside a gym in Mumbai where she interacted with the media. Naina was asked...
00:07:02

Team 11 of the New Kapoors- Sanjay Kapoor in an Exclusive to Bharathi...

Bollywood actor Sanjay Kapoor feels fortunate to be a part of the family that has given 11 people to the Hindi film industry. From...
- Advertisement -