Elon Musk's net worth has plummeted by $29.9 billion to $221.4 billion in the first half of 2024, the largest decline among billionaires, despite a stock market boom. The decline is largely attributed to a 20% fall in Tesla's shares, which decreased the value of his 13% stake by $20 billion. Meanwhile, the total net worth of the top 10 richest individuals increased to $1.66 trillion.
Open FlipUtkarsh Small Finance Bank's share price dropped 3.5% to ₹51.08 per share on the BSE due to modest quarter-on-quarter growth in its gross loan portfolio, despite a 30.6% year-on-year increase to ₹18,798 crore. Total deposits surged 30% to ₹18,163 crore, with a 27% increase in CASA deposits to ₹3,453 crore and a 47.7% rise in retail term deposits to ₹8,729 crore.
Open FlipTata Group's Indian Hotels Company (IHCL) has seen its shares grow steadily over the last four years, delivering a 700% return. The hotel industry is in an up-cycle, driven by recovery in domestic and international tourism, business travel, and leisure demand. Brokerage firm Phillip Capital expects IHCL's revenue to grow at 13% CAGR, with consolidated EBITDA and PAT growing at 16%.
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