The report said wealth per adult in India has risen at an impressive average annual rate of 8.8 per cent since the year 2000 and stood at $15,535 at the end of 2021, which is far below the global mean.By year-end 2021, median wealth in India had fallen to 41% of the world value, but median wealth in China had risen to 338 per cent.
KM Birla said to mull seeking $1.2 billion in Novelis IPO
Hindalco may target a valuation of about $18 billion for Atlanta-based Novelis, the people said, asking not to be identified because the matter is private.