Larry Ellison, the Oracle founder, briefly surpassed Elon Musk to become the world’s richest person. This happened after Oracle shares surged, increasing the company’s market value significantly. Oracle’s rise is due to promising forecasts for its cloud infrastructure revenue. The company has also secured major deals in the artificial intelligence sector. This shift highlights the dynamic nature of wealth rankings.
India raises $73 bn in forex inflows at record pace
India has mobilised $73 billion in foreign exchange inflows in less than 11 weeks, surpassing the scale and pace of the RBI’s 2013 FCNR(B) swap