October 19th, 2009
India’s richest man took a 66 percent pay cut to “set a personal example of moderation” after India’s government called for austerity in salaries of executives
Mukesh Ambani, the head of Reliance Industries, said he would cap his pay at 150m rupees ($3.3m) this year. He received 440m rupees in 2008.
With a net worth of $19.5 billion, Mukesh Ambani has been ranked seventh in the global list, topped by Microsoft founder Bill Gates ($40 billion).
October 6th, 2009
This week marked the 140th anniversary of the birth of Indian independence pioneer Mahatma Gandhi.
And to commemorate a man who chose a life of poverty and shunned material goods, Montblanc has created a limited-edition pen with a price tag of $25,000.
Just 241 of the handmade pens will be sold, in reference to the number of miles Gandhi walked in his famous march against salt taxes in 1930.
September 11th, 2009
Morgan Stanley is set to launch wealth management services for the super-rich in India, Reuters reports.
It’s going to be India’s most exclusive super-rich club, with membership restricted to those with a minimum investible surplus of $1 billion.
Why India? India is the world’s second fastest growing economy and according it has the second largest number of billionaires in Asia after China.
August 3rd, 2009
This Rolls Royce, popularly known as the “Star of India” is a one-off 1934 Phantom II 40/50 HP Continental “All-Weather Convertible” that was custom made for the Maharaja of Rajkot.
The car was in the collection of Hans-Günther Zach, who had his own museum in Mühlheim, Germany and is now selling off the entire collection.
The “Star of India” alone is expected to fetch a sum of €10 Million ($14.1 million); if it does that would make it the most expensive car in the world.
July 22nd, 2009
Following on from the success of the Asia’s leading luxury yachting lifestyle magazine, New Delhi based Exposure Media Marketing now launches under license the India Edition of Asia-Pacific Boating.
Asia-Pacific Boating India Edition prides itself on delivering the highest standards in luxury boating news from India and across the region.
International editorial content effectively encompasses the latest in global boating trends and developments in the fledgling Indian boating industry, not to mention the last word in luxurious lifestyles.
April 9th, 2009
These pictures (source: Reuters) are from Luxury SuperCar Rally Show held for the first time in India on Sunday, April 5, 2009 in Mumbai.
The show was essentially a parade of the finest luxury and sports cars, which include top brands like AMG, Audi, Bentley, BMW, Ferrari, Lamborghini, Mercedes, Porsche, Rolls Royce amongst others.
Over 40 luxury and sports cars were showcased in the one-day show and entourage.
