Alibaba Group Holding Ltd's billionaire co-founder Jack Ma will announce a succession plan on Monday to hand the reins of his sprawling empire to a new generation of leaders but will remain executive chairman for the time being.

Alibaba co-founder and chairman Jack Ma plans to retire from the Chinese e-commerce giant on Monday to devote his time to philanthropy focused on education, he told the New York Times in an interview.

Bezos' net worth increased by $52 billion over this year. To put it in perspective, that is more than the entire fortune of Alibaba co-founder, Jack Ma.

Facebook's stock has not only recovered from the hammering it took in the wake of the Cambridge Analytica privacy scandal earlier this year, but spiked 2.4 per cent to hit an all-time high on Friday.

A clear objective, good governance and a shrewd business sense are required to script success.

The Charities Aid Foundation (CAF) revealed that in 2015, 401 million Indians helped a stranger.

The recent announcement in Mumbai about establishing Krea University inAndhra Pradesh has greater significance than just another liberal artsand sciences institution coming up in India.

A recent Kotak Wealth Management report focussing on the country's ultra-high net worth individuals has found there is a trend of wealthy people increasingly emerging from smaller cities-18% of them were based in Bengaluru, Ahmedabad, Pune, and Ludhiana.

Parekh is a Member of the Group ExecutiveBoard at the Paris-based IT services company Capgemini and will be the secondoutsider to be named Infosys CEO after Vishal Sikka, who resigned earlier this year.

The Fairfax Group, owned by India-born Canadian Prem Watsa, is buying 51 per cent stake in Tata Business Support Services (TBSS), a Hyderabad-based BPO, for `153 crore.

The first academic session would commence by 2021.

Sunil Bharti Mittal on Thursday said the Bharti family has pledged 10 per cent of their wealth amounting to Rs 7,000 crore to support philanthropic activities of the Bharti Foundation.

This is not the first time when the Nilekanis are donating. In past, Nandan Nilekani gave money to rebuild the hostel campus of IIT Bombay. He also set up the Indian Institute for Human Settlements with the aim of solving urban challenges for India.

A group of the world's leading philanthropists, including Infosys chairman Nandan Nilekani announced formation of 'Co-Impact', a new global model for collaborative philanthropy and social change at scale.

Anil Agarwal has seen his fortunes change with an upswing in commodity prices.

At the close of US markets on Friday, Bezos had a net worth of $93.8 billion, $5.1 billion ahead of Bill Gates, the Bloomberg index showed. This year alone, Amazon founder has added $28.5 billion to his fortune.

Amid speculation that the NDA government would have to find a replacement for Arvind Subramanian as chief economic advisor, he has been granted a one-year extension that will end in October 2018.