Morning News from India - July 10, 2018 Tweet10 Jul 2018
- Sensex Ends Near Record High On Earnings Optimism (Bloomberg Quint)
- India is no longer home to the largest number of poor people in the world. Nigeria is.
- The staggering rise of India’s super-rich (Guardian)
Men like Mallya and Modi were members of India’s expanding billionaire class, of whom there are now 119 members, according to Forbes magazine. Last year their collective worth amounted to $440bn – more than in any other country, bar the US and China. By contrast, the average person in India earns barely $1,700 a year. Given its early stage of economic development, India’s new hyper-wealthy elite have accumulated more money, more quickly, than their plutocratic peers in almost any country in history.
- Disney’s next 700 million viewers might be in India (CNN)
- How Xiaomi’s IPO Will Impact Its Operations In India (Forbes)
- TCS Beats Estimates In June Quarter On North America Rebound And BFSI Recovery (Bloomberg Quint)
- Accenture’s growth forecast puts spotlight on Indian rivals (Livemint) - INFY, WIT