Ambani Family ranks third in Forbe’s Asia’s 50 richest families list
As many as 14 Indian families are in the list of Forbe’s 50 richest families in Asia. In this list, Ambani family ranked third with a net worth of 21.5 billion dollars. The other Indian families in the top 10 include the Premji family in the 7th place and the Mistry family in the 10th place. With 14 Indian families, India stood first in the list. The overall list has topped by Lees of Samsung group, with a net worth of 26.6 billion dollars.

India ranks 3rd in Global startup ecosystems
India ranks third among global startup ecosystems with more than 4,200 new-age companies. Nasscom along with Zinnov on 13 October launched the second edition of the startup report titled “Start up India – Momentous Rise of the Indian Start-Up Ecosystem” on the sidelines of Nasscom Product Conclave 2015 in Bengaluru. Three to four startups being born every day and nearly five billion dollars of funding coming in 2015.

China beats US in number of dollar billionaires for the first time
China has beaten the United States for the first time in the number of dollar billionaires whose number have climed to 596 over America’s 537. Now China has the World’s largest number of billionares. The China billionaire list is dominated by Wang Jianlin, who founded the conglomerate Wanda unseating e-commerce gaint Alibaba’s Jack Ma as the country’s richest person.

India ranks 55th on 2015 Global Competitiveness Index: WEF Report
India has been placed at 55th position on 2015 Global Competitiveness Index of the world’s most competitive economies. It was published in Global Competitiveness Report of World Economic Forum (WEF) which has assessed total 140 countries. Switzerland has retained its top position as the world’s most competitive economy for seventh year in a row. Switzerland, Singapore, United States, Germany, Netherlands, Japan, Hong Kong, Finland, Sweden & United Kingdom.

RBI and UAE central Bank Signed MoU on supervisory information exchange
The Reserve Bank of India (RBI) and the Central Bank of United Arab Emirates (UAE) signed a Memorandum of understanding (MoU) on Supervisory co-operation and Exchange of Supervisory Information. By signing the MoU, RBI is seeking to promote greater Co-operation and share supervisory information among the authorities.

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