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Balaraman said the firm, which partnered with the Kotak Wealth Management to launch the report, extrapolated available economic data to arrive at the current number of UHNIs, their wealth, as also the estimates going forward.

Even though the rising criticism of the country going the crony capitalist way and questions over wealth creation by the few dominating public discourse, Balaraman said the report did not devote any attention to how the wealth was created.

Of the UHNIs, 150 individuals and another 15-20 companies closely associated with the segment like those selling luxury brands and wealth managers, were interviewed to analyse how the wealth gets allocated to different uses like leisure, travel, investments and philanthropy.

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 Drug firm Sanofi India on Wednesday reported a 12.30 per cent increase in net profit at Rs. 57.5 crore for the second quarter that ended on June 30, 2014.

The company had posted a net profit of Rs. 51.2 crore for the corresponding period a year ago.

Net sales rose 18.70 per cent to Rs. 486.7 crore during the quarter under review from Rs. 410 crore a year ago, it said in a filing to the BSE.

Overall expenses stood at Rs. 431.9 crore in the quarter as against Rs. 370.4 crore a year ago.

The company's board, which met on Wednesday, recommended an interim dividend of Rs. 10 per equity share.

Shares in Sanofi India, on Wednesday, ended at Rs. 2939.50 apiece on the BSE, down 1.24 per cent from the previous close.

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Preparing a Will is just a click away as brokerage firm HDFC Securities has launched 'e-Will' writing service.

"This is the first of its kind in India and this service enables individuals to easily draw up a tenable Will online with help from a legal firm," HDFC Securities' managing director Aseem Dhru told PTI.

"A person can prepare a Will in an easy and hassle-free manner by registering on the website", he said, adding a person has to give list of assets and to whom one would like to bequeath them to.

"Our legal advisor would prepare draft and send it to the creator for approval. Once it is approved, a tenable Will is prepared for the execution," he said.

HDFC Securities, a subsidiary of HDFC Bank, has collaborated with a partner Legal Jini to offer this service.

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BGR Energy on Wednesday said it has bagged projects worth Rs. 303 crore across the power, water, oil and gas sectors, taking its total order book to Rs. 11,667 crore.

"BGR Energy in order to mitigate the sluggishness in the thermal power sector is in the pursuit of opportunities in other sectors in India and International market", the Chennai-based company said in a statement.

BGR Energy received the letter of intent (LOI) for two numbers of natural draught cooling towers from BHEL for their 2x660MW Suratgarh Project in Rajasthan.

Recently, the company completed construction of world's tallest cooling towers for Rajasthan Rajya Vidyut Utpadan Nigam project in Jhalawar, Rajasthan, it said.

Similarly, the company received a contract for supply of 400 KV air-insulated switchgear substation and an export order worth $6.7 million in oil and gas sector.

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TCS has increased profit over the last two years at a faster pace than rivals Infosys and Wipro, which have both had internal management changes.

The Mumbai-based firm is estimated to post revenue growth of 16 per cent in the next 12 months, compared with Infosys' 8.3 per cent and Wipro's 9.9 per cent, according to Thomson Reuters SmartEstimates.

"Despite its size, TCS remains the fastest growing IT services company in the offshore space... to that extent the premium valuation of TCS is justified. There are not too many stocks that show that kind of revenue traction," said Hitesh Shah of IDFC Securities.

TCS gained 2.1 per cent to end at Rs. 2,586 and outperformed the broader Nifty index, which closed 0.36 per cent higher.

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Samsung is developing a premium version of the Galaxy Note 4, reports suggest, featuring the bendy screen and metal build that the company is rumoured to have been mulling for aeons.

Sources cited by ET News of South Korea claim that the deluxe edition of the Note 4 will feature a composite metal build that melds stainless steel, aluminium and magnesium.

Those of you with long memories will recall that Samsung was also rumoured to be developing a metal Galaxy S5 and even Galaxy S4, after some tech fans rounded on those handsets’ ‘cheap-feeling’ plastic exteriors.

The prime version of the Note 4 is also purported to pack a bendy screen. But unlike earlier efforts that used similar technology (CF: the ill-fated curved screen-toting Galaxy Round), this time the display will be 50% more flexible.

It’s thought that the handset will not differ from the standard Note 4 in the spec-sheet department. That means we can look forward to an eight-core processor, a 16-megapixel camera and the recently unveiled 4.5 version of Android out of the box.

The Note 4 is expected to land in September at Berlin’s IFA tech expo

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Xiaomi has been such a success partly because it massively undercuts its rivals. Its latest flagship, the Mi 4, sells for just £189. But it boasts market-leading specs.

It has a 5-inch screen with a higher resolution than the iPhone 5S. On the back is a Sony-made 13-megapixel camera. It’s no slouch on the inside, either.

A 2.5GHz quad-core Qualcomm Snapdragon 801 chip buddies up with 3GB of RAM to offer blisteringly fast performance.

In other words, it’s faster than the Samsung Galaxy S5, but costs a fraction of the price.

The companion Mi Band wristband is also very affordable – it costs just £7.50. That’s about a tenth of most fitness trackers, yet it has all the same skills.

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Punjab National Bank has declared the results for Clerical Cadre Posts. The candidates selected are scheduled to Join the Bank on 04 August 2014 for the States of Andhra Pradesh, Assam, Bihar, Chhattisgarh, Delhi, Goa, Gujarat, Haryana, Himachal Pradesh, Jammu & Kashmir, Karnataka, Kerala, Maharashtra, Madhya Pradesh, Odisha, Punjab, Rajasthan, Tamil Nadu, Uttar Pradesh, Uttarakhand and West Bengal.

The recruitment of the candidates will be through Common Recruitment Process for the Clerical Cadre Posts. The Written Test for the Posts was conducted by the IBPS in the month of Nov/ Dec 2013. IBPS conducted the Interview for the same in the month of February 2014. The selected candidates need to check their registered email ID for the Exercise Option/ Preference of Circles on or before 04 July 2014

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The SBI Clerk Exam General Awareness (Current) e-Book is enclosed with the latest updates of the current affairs that will help the aspirants to prepare themselves better for the exam.

General Awareness section is an important and integral part of SBI Clerk Exam 2014. It is very essential for any candidate to prepare the section with utmost sincerity to score well in the exam.

SBI is all set to conduct SBI Clerk Exam 2014 in the recent month of July/ August 2014. This E-book will assist candidates in better preparation of the coming exam.

To help the candidates, the banking experts of Jagranjosh.com have arrived in with this book that involves every detail of current affairs in the recent past. The book includes all the single detail of the current happenings for the last six months around the globe. The experts have put in lot of hard work and utmost effort to prepare the book.  Thorough research work is done by the team of Jagranjosh.com to make this book a helping hand for the students. 

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the iPhone 6 screen that have leaked online recently prove it can take a knocking and keep on rocking. But a fresh clip reveals that it’s far from indestructible.

The video, which is the work of a Chinese tech site and was brought to our attention by the French Apple-fans at Nowhereelse.fr, shows the handset being assaulted with a Stanley knife and smashed with a hammer.

It’s then stress-tested by bending it into shapes are frankly unnatural. On each occasion, the 4.7-inch iPhone 6’s display comes out the other end as good as new.

But, unlike yesterday’s clip from Sonny Dickson, this time around the screen doesn’t make it through the clip unscathed. When a car runs over it, the display finally gives up the ghost and shatters into sad shards.

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Further details about the iPhone 6’s battery leaked today, helping us put more meat on the bones of Apple’s plans for its next-generation smartphone.

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That’s a welcome upgrade from the 1500mAh battery that features in the iPhone 5S and, all being well, should equate to extra longevity.

But this afternoon there was better news. According to DigiTimes, the iPhone 6's battery will also be less bulky, coming in 2mm thick. Or a millimetre thinner than the iPhone 5S.

It might not sound like much of a reduction. But it could actually represent something of a coup for Apple.

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