God s owns country - Kerala isn t just popular for its palm-lined beaches, placid backwaters and lush greenery, but also for its billionaire tycoons who have built a successful business empire over time. Their wealth and entrepreneurial skills have put them among the richest people in the world and on Forbes Billionaire List 2021.
Meet the 10 Kerala billionaires who are among the richest people in the world
1. M A Yusuff Ali
M A Yusuff Ali
NRI businessman and chairman of Lulu Group, M A Yusuff Ali, who is popular for his car collection is in the 589th spot on the global Forbes list. With a net worth of $4.8 billion, he is among the richest Indian tycoons in the Middle East. The retail king heads the LuLu Group International, with 193 stores in the Gulf and elsewhere. He is also the proud owner of India s biggest mall, spread across a gigantic land of 6.2 lakh acres, the Lulu mall in Kochi. Apart from this, his other assets include Waldorf Astoria in Scotland and the Great S
The issue is with a base issue size of Rs 100 crore with an option to retain oversubscription up to Rs 1600 crore aggregating up to tranche limit of Rs 1700 crore.In a regulatory filing made after market hours yesterday, the NBFC announced its 25th series of public issue of secured redeemable non-convertible debentures (NCDs) of face value of Rs 1,000 each. The issue opens on 08th April, 2021 and closes on 29th April, 2021 with an option to close on such earlier date or extended date as may be decided by the board of directors or NCD committee, the non-banking finance company said in a statement.
Comments on RBI MPC announcement from Muthoot Finance, Creditas Solutions, Kotak Mahindra Bank
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Muthoot Finance s MD, George Alexander Muthoot on RBI s MPC announcement: RBI s MPC expectedly stood pat on policy rates and reiterated accommodative stance as long as necessary to ensure economic activities are fully supported for durable recovery despite second wave of Covid-19 cases. The central bank retaining its 10.5% GDP growth forecast for FY22 shows faith in contribution to economic revival by key sectors and its liquidity measures along with bank lending to NBFCs being extended till September 30, 2021 is an acknowledgement of the systematically important role NBFCs have played in lending to the last mile. We remain steadfast and true to our promise of supporting all financial needs of MSMEs and individuals in making them Atmanirbhar.
RBI status quo on policy supportive of economic growth; liquidity measures in right direction: Experts
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Last Updated: Apr 07, 2021, 07:38 PM IST
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The six-member Monetary Policy Committee (MPC) unanimously decided to continue with the accommodative stance as long as necessary to sustain growth on a durable basis and continue to mitigate the impact of COVID-19 on the economy.
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The RBI will also provide Rs 25,000 crore to NABARD, Rs 10,000 crore to NHB and Rs 15,000 crore to SIDBI.
RBI s decision to keep repo rate unchanged for the fifth time in a row is in line with the economic need to encourage growth, financial market players and experts said on Wednesday.
Muthoot Finance Ltd to raise Rs 1,700 crores through Public Issue of Secured Redeemable NCDs equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.