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Mukesh Ambani’s wealth witnessed ‘V-shaped’ recovery at Rs 90 crore per hour since lockdown

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Mukesh Ambani’s wealth witnessed ‘V-shaped’ recovery at Rs 90 crore per hour since lockdown

Asia’s richest man Mukesh Amban’s wealth grew by an eye-popping Rs 90 crore per hour since “March lockdown”, according to IIFL Wealth Hurun India Rich List 2020. At a time when all economic activity had come to a screeching halt, Reliance Industries Chairman was busy tending a beeline of investors willing to pour billions of dollars into his conglomerate’s tech play – Jio Platforms.

Since ‘March lockdown’ Ambani’s wealth fortune went up by Rs 2.78 lakh crore to Rs 6.6 lakh crore making Ambani retail his numero uno position on the list for 9th year running.

With a wealth of Rs 6,58,400 crore, the promoter of India’s biggest company by market-capitalisation (m-cap), continues to be the richest man of the country. At the beginning of the Covid-19 pandemic, Ambani’s wealth dropped by 28% to Rs 3,50,000 crore and then backed by a series of fundraising and strategic investment from Facebook, Google and other marquee investors into Jio and Reliance Retail, his valuation registered a “V-shaped recovery” and increased by 85% in just months. Despite the ongoing pandemic, RIL’s m-cap crossed Rs 10 lakh Cr and registered a 73% increase in Mukesh Ambani’s wealth.

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This swing in the billionaire’s wealth is primarily due to fluctuations in the stock market.

“Ambani’s wealth is now bigger than the combined wealth of the next 5 in the list”, said Anas Rahman Junaid, MD and Chief Researcher, Hurun India.

According to the list, there are 179 dollar billionaires in India, which is up 3 times since Hurun India started in 2013. The percentage of self-made entrepreneurs is up at 64% from 54% five years ago while 90% of the businesses on the list are family-run, Hurun said.

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Also Read : Total Cases Of Covid-19 In India Exceeded 62 Lakhs, 80,472 New Cases In Last 24 Hours

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Laid stars Stephanie Hsu and Zosia Mamet reveal the worst gifts their romantic partners gave them | Exclusive

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Laid stars Stephanie Hsu and Zosia Mamet reveal the worst gifts their romantic partners gave them | Exclusive

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Stephanie Hsu and Zosia Mamet talk about their new series Laid, and some of the horrors of dating as millennials.
Imagine a scenario where anyone and everyone you have ever been intimate with begins to die one by one. Is it a curse? If yes, then who is cursed? These are questions that Stephanie Hsu‘s Ruby battles with in the new zany comedy, Laid. Ahead of the show’s release, Stephanie and co-star Zosia Mamet spoke exclusively with HT about their roles, the show’s unique premise, and the horrors of dating as millennials. (Also read: Dune: Prophecy star Emily Watson on working with Tabu: ‘She is a true treasure’)

Stephanie Hsu on her character’s flawed morality

Laid, created by Nahnatchka Khan and Sally Bradford McKenna, is the story of Ruby (Stephanie Hsu), who discovers that all her sexual partners are dying one by one, and she must warn them. Helping her in this unique quest is her best friend AJ (Zosia). The fun thing about Laid is that the protagonists are not the usual likeable characters. “She is totally an anti-hero of our story. I really love that,” says Stephanie, referring to Ruby’s moral greyness. “I am not a perfect person and I love playing flawed characters. But it was difficult. The creators told me that she is a total narcissist. But narcissists don’t think they are one, so I had to figure out a way to love her. For me, playing Ruby was about getting into her psychology and finding the innocent part of her – which is that she just wants love,” the actor adds.

While sitcoms usually add the best friend as the voice of reason trope, Laid diverges from that, with AJ even zanier and more morally ambiguous than Ruby. Talking about playing such a colourful character, Zosia Mamet says, “When you play not-so-likable or zany characters, people don’t believe they are that way. I don’t think AJ wakes up every morning and thinks, ‘I am absolutely crazy’. It’s about trusting the writing and finding an organic way into these characters to make them seem grounded, real, and relatable.”

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Stephanie, Zosia reveal the worst gifts they received from partners

In Laid, Ruby gives the gift of death to the men she is with, even if that is inadvertent. Ask the women about the worst ‘gift’ a partner has ever given them, and the discussions veer into the unusual horrors of modern-day dating. “I got a vintage wooden duck decoy from someone. It was broken, and I thought, ‘What does this say about our relationship?’. They didn’t know me well enough to know if I’d want this but also that they gave me something old and ailing,” Zosia says with a laugh.

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