Sun, May 23, 2021 10:12 AM
Adani adds more billions to his wealth than 19 rich peers
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Copper bulls are roaming the wilds of the London Metal Exchange again. The price for the 3-month contract, which dipped below $8000 a metric ton in late 2023 as Chinese growth sagged, closed above $9700 on Wednesday. It is now up around 13% from the beginning of the year. And BHP, one of the world’s top miners, has just unveiled its bid to buy its rival, and copper heavyweight, Anglo American.
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Uday Kotak built his Kotak Mahindra Bank Ltd. over decades to become Asia’s richest banker. After India’s regulator slapped his bank with a surprise ban, he’s facing one of his biggest tests yet - and a dip in wealth.The lender’s shares tumbled as much as 13% on Thursday after it was barred from adding new customers through its digital channels.
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💰 The top gainers in the Nifty index were Axis Bank (⬆️ 6.00%), State Bank of India (⬆️ 5.12%), Dr Reddys Laboratories (⬆️ 4.50%), JSW Steel (⬆️ 2.62%), and Nestle India (⬆️ 2.50%). ⏳ On the other hand, the top losers in the Nifty index were Kotak Mahindra Bank (⬇️ 10.87%), LTI Mindtree (⬇️ 1.95%), Hindustan Unilever (⬇️1.30%), Titan Company (⬇️ 1.07%), and SBI Life Insurance Company (⬇️ 1.07)
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