The new rich prefer the discreet; they also love an experience.
For, the guest list included the likes of Dhirubhai Ambani, Mukesh Ambani, Rahul Bajaj, Anand Mahindra and Shobhana Bhartia. When Instagram started in 2010, its purpose was to design a platform for people who want to share image-worthy moments with their friends and followers. But in less than a decade, the young and the wealthy of the world seem to have taken over. Donald Trump came jetting into Pune way back in August 2014 to inaugurate the first of the Trump Towers in India. At the end of 2016, India had approximately 264,000 high net worth individuals, or HNIs (with wealth of $1 million or more), 12 per cent higher than the previous year. Their combined wealth is $3 trillion The luxury boutique hotel market is burgeoning but could grow even faster. The 2030 Agenda for Sustainable Development adopted in September 2015 is a key inspiration and opportunity to reshape the economy. A sprinkling of Indian avant-garde cuisine is making fine dining exciting. Losses in Texas from Hurricane Harvey. This makes Harvey the worlds 9th most expensive natural disaster since 1900.
This daunting task requires money but makes more money in return. No task is big enough for these concierges - be it a tour of Mt. Everest or delivering an auto rickshaw in Saudi Arabia. No wonder they are driving business at their hotels. In spite of a sales slump, global art advisors are upbeat on India. Southex Books and Prints in Delhi, an antiquarian bookshop, is a haven for those seeking the luxury of rarity. How to prepare for a seamless and hassle-free transfer to the next generation Here are some of my favourite tea gardens and their finest teas. Connoisseurs want brands that focus on craft and mechanism Great single malt whisky is like Jazz. The more you endeavour to understand it, the more you will love it The wealthy would never tire of tax games, but with the growing use of data-driven analytics and sophisticated audit tools, it is becoming easy to connect the dots Where the uber-wealthy go on vacation, and what they do there. Some Indian luxury brands are finally acquiring a global reputation. JetSetGo has redefined luxury in the private jet space. Super luxury car makers are racing against each other to develop the most capable and desirable off-roader. It signals a new dawn in the luxury automobile business. The world's most luxurious car for almost a century, Rolls Royce Phantom, is getting an overhaul. It promises to push the envelope further on automotive extravagance. Rental luxury market in India is slowly gaining momentum. Luxury service apartments are changing the way business is done.
In a game of who blinks first, the battle between McDonald's and its estranged partner Vikram Bakshi looks set to play out in various courts before it is settled in the boardroom. GST, demonetisation pull down GDP growth sharply in the first quarter of 2017/18. The delay in the CCEA nod to the Fosun-Gland Pharma deal raises several questions. With airlines focusing on profits, the ballistic growth in air travel has started tapering off. This year's stock market surge has not delivered the kind of long-term returns that earlier bull runs did. Lower solar and wind power tariffs should have boosted their use but have led to a crisis in the segment.
In equities, tax-saving funds are matching returns given by large-cap funds, while in debt funds, dynamic bond funds have been clear winners
The Yadav family needs to postpone some goals due to lack of sufficient surplus funds, says Financial Planner Pankaaj Maalde Should we let our digital footprints disappear, gather dust or stay alive when we are no more? Opinions vary, and so do rules. Worried about falling interest rates? Use liquid funds. IPOs have done exceptionally well over the past few years. It is time to exercise caution
From implementation of GST to adoption of new technologies, Anuj Mathur, Chief Executive Officer of Canara HSBC OBC Life, talks with Teena Jain Kaushal and Priyadarshini Maji on how the industry is bracing for changes
Nandan Nilekani is back at Infosys as its non-executive chairman, an initiative welcomed by the company's beleaguered investors.
Letters to the Editor Business Today Magazine
Roland Folger, Managing Director and CEO, Mercedes-Benz India, tells Sumant Banerji about leadership, luxury and managing disruption in business
From the Editor Prosenjit Datta