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India's wealthiest investors witnessed a surge in their net worth during the June quarter, fueled by a stock market rebound. Portfolios of figures like the Jhunjhunwala family and Mukul Agrawal saw gains between 12% and 42%. Conversely, Madhusudan Kela and Vijay Kedia experienced portfolio value declines as they strategically reduced exposure to certain stocks.
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The South Korean former tech executive co-founded Singapore-based cryptocurrency firm Terraform Labs.
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Indian banks significantly increased their equity investments in FY25, driven by strategic treasury diversification. An analysis of 16 major banks revealed a 49% surge, reaching 49,572 crore, with SBI's investments tripling. This rise coincided with growing retail participation in the market and the implementation of new accounting norms.
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