Infosys founders ranked among India's richest families: Forbes

As many as 20 business families have found a place on latest Forbes list of India's 100 richest, with a collective fortune of $55 billion.

The families that found made it to the list included many who had cofounded Infosys. According the Forbes list, the wealth of N R Narayana Murthy & family was pegged at $1.64 billion, Senapathy Gopalakrishnan & family at $1.39 billion and Nandan Nilekani & family at $1.3 billion.

While Forbes magazine's India Rich List remains dominated by individual business leaders, those making the mark along with their family members are also quite a few and also include three in the top 10 - Hinduja Brothers (6th place), Adi Godrej & family (8th position) and Sunil Mittal & family (10th).

Individually, Reliance Industries chief Mukesh Ambani continued to be India's wealthiest for sixth year in a row, with a networth of $21 billion while his younger sibling Anil Ambani bagged the 11th position with a fortune of $6.2 billion.

According to Forbes, Hinduja Brothers with a fortune of $9 billion scored the sixth rank, while Adi Godrej & family with a net worth of $8.3 billion was placed at the eighth spot. Sunil Mittal & family are ranked at 10th spot with a wealth of $6.6 billion.

Families in the top 20 list included Shashi & Ravi Ruia who bagged the 12th position with a wealth of $5.5 billion, while Savitri Jindal & family stood at the 14th rank with a fortune of $4.9 billion and Bajaj Family at 20th spot with a wealth of $3.1 billion.

As per US-based business magazine Forbes' annual list of India's 100 richest, released today, their total wealth grew by a modest 3 per cent from a year ago to $259 billion.

Besides, the list comprises of 20 business families with a collective fortune of $55.52 billion. Out of these 20 families, majority of them are billionaires and only four are millionaires.

"Growth in wealth was lacklustre due to India's stumbling economy, which has been hit by inflation and a falling rupee," Forbes said.

Among others families in the list included Malvinder & Shivinder Singh ($2.3 billion), Reddy family (Dr Reddy's) at $1.75 billion, Kapil & Rahul Bhatia ($1.71 billion), and Rajan Raheja & family ($1.62 billion).

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Sexual assault case: Ex-minister Babulal Nagar sent to 14 days judicial custody

A court in Jaipur on Tuesday sent former Rajasthan minister of state for dairy and rural industries Babulal Nagar - arrested for raping a married woman - to 14 days judicial custody, a lawyer said.

The former minister was produced in the special court for Central Bureau of Investigation (CBI) cases, said Nagar's advocate Amar Singh.

Nagar was earlier sent to three days of CBI custody.


Sexual assault case: Ex-minister Babulal Nagar sent to 14 days judicial custody

"After completion of his police custody, he was again produced in the court on Tuesday. The court sent him to 14 days judicial custody," said Singh.

Nagar was escorted to Jaipur Central Jail from the court amid heavy security.

CBI interrogated the 53-year-old politician in its custody, sources said.

Nagar resigned from the state cabinet two days after the FIR was registered against him by the 35-year-old woman Sep 17.

He was called to a government circuit house for questioning by CBI October 25. He was interrogated for seven hours and arrested after he could not give satisfactory answers to some questions, said a source close to the investigation agency.

In her police complaint, the woman alleged that Nagar called her to his official residence Sep 11 on the pretext of giving her a government job and raped her.

Nagar, who represents Dudu constituency in Jaipur district, is not the sole party legislator to face such charges.

Two other legislators of the ruling Congress, Malkhan Singh and Mahipal Maderna, were suspended in December 2011 following allegations of their involvement in sexual exploitation and murder of government nurse Bhanwari Devi.

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Bigg Boss 7: Kushal Tandon and Gauhar Khan evicted from the house over scuffle with VJ Andy

In a surprise twist, Kushal Tandon and Gauhar Khan have been asked to pack their bags by Bigg Boss after the scuffle with VJ Andy. Kushal and Gauhar are the love birds in the Bigg Boss house.

Recently, Kushal had a nasty fight with Tanishaa, who pushed him not once but thrice. While a part of it was aired on the show, the part where a furious Kushal called Tanishaa a flop actress was not shown.

A source says, Kushal told Tanishaa that she is a dhabba on her family. “Look where your sister (Kajol) is and where you are today,” he is said to have taunted her.

He was so angry that he jumped the wall and escaped out of the house. It’s a different thing that he was brought back by the security personnel and directly nominated for elimination.

Also a few days ago, Bollywood star Salman Khan was so upset with Kushal's bad behaviour with actress Tanisha Mukherjee on the show that he said it would be his last season as a host of the reality show. The 47-year-old actor on Saturday gave an earful to Kushal for insulting Tanishaa.

"If you think you can clean your image, it's a misconception," Salman told Kushal, and added that he too had faced it and realised that one's mistakes are etched in people's memories.

"Because of this episode, this might be the last season for me," a livid Salman said on Saturday. On Sunday, Salman talked about the issue again on Twitter responding to queries from his followers. He wrote that according to Bigg Boss fans, both should have been out, "but there was a lot more than wat you saw".

Woah! WOAH! @TusharrJoshi: So its true, Kushal and Gauhar have been evicted from the #BB7 house after the former got physical with Andy!— Pankaj A (@panku_) October 29, 2013

Gauhar and Kushal out of the house in todays episode, watch it here -http://t.co/zr6PdtsJ71 #bb7— Tamanna Wahi (@tamannaW) October 29, 2013

Kushal and Gauhar has left the house. Tanisha is the new captain. Have never seen more partial and biased show in my life. Shame. #bb7— GAYATRl REDDY (@Gayatritwit) October 29, 2013

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Government to ask Reliance Industries to give up 80% of D6 gas block

India will ask Reliance Industries Ltd to relinquish 80 percent of its east coast deepwater D6 gas block, including five discoveries, as the energy major has not adhered to timelines for developing the area, the oil secretary said.

"We are waiting for the oil minister's final order," Vivek Rae told Reuters on Tuesday, referring to the instruction telling Reliance to relinquish the discoveries in the 7,645 square kilometre D6 block.

The five discoveries within D6 are D4, D7, D8, D16 and D23. Mr Rae said Reliance failed to submit reports on the commercial viability the five discoveries on time.

He said the relinquished area will be auctioned in subsequent licensing rounds. The relinquished area does not contain any producing fields.

Total reserves in these five discoveries in the Krishna Godavari basin are estimated to be 805 billion cubic feet, two sources with direct knowledge of the matter said. The sources declined to be named due to the sensitivity of the issue.

No decision has yet been taken on the fate of the remaining three fields in the D6 block -- D29, D30 and D31 -- which are estimated to hold about 350 billion cubic feet of gas reserves, Mr Rae said.

He said Reliance had submitted commerciality declarations of the three discoveries on time but had not carried out the necessary tests.

A Reliance Industries spokesman declined to comment.

Natural gas output from the Krishna Godavari basin's D6 block, in which BP has a 30 percent equity stake, has declined to 14 million cubic metres per day (mmscmd) from 60 mmscmd at the end of 2010.

The companies have cited geological complexities for the fall in output, which has been in steady decline since 2010, while the oil regulator believes they failed to drill enough wells.

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