Voice of India October 2018

Trending News From India

India and the UAE are planning to expand their joint military training with a focus on improving desert operations. Keeping this in mind, the UAE has shown a keen interest in Tejas, the light combat aircraft made by HAL, government officials said…Read more at: http://timesofindia.indiatimes.com/articleshow/66260132.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst


The floors in the Mayfair mansion where Anil Agarwal, an Indian tycoon, lives in London are made of chequered marble. But the former scrap-metal dealer, whose home was once owned by the Rothschild family, is much less black and white. On his startling purchase this year of 21% of the shares of Anglo American, one of the world’s best-known mining groups, he is sphinx-like… REAd more at: https://www.economist.com/business/2017/11/16/an-indian-tycoons-raid-on-anglo-american-is-a-riddle?zid=306&ah=1b164dbd43b0cb27ba0d4c3b12a5e227 

Jumps five spots from 2017


India has been ranked as the 58th most competitive economy on the World Economic Forum’s global competitiveness index for 2018, which was topped by the US. India’s rank rose by five places from 2017, the largest gain among G20 economies, the WEF said…Read more at https://www.thehindubusinessline.com/economy/india-ranks-58th-most-competitive-economy-in-wef-index/article25244640.ece

India’s Richest 2018: Mukesh Ambani Adds Another $9.3 Billion To Retain Top Spot

Vijay Shekhar Sharma, the founder of mobile payments giant Paytm, seems unstoppable. In August, billionaire investor Warren Buffett’s Berkshire Hathaway invested $300 million in Sharma’s firm, joining a galaxy of marquee investors such as Alibaba and SoftBank…Read more https://www.forbes.com/sites/naazneenkarmali/2018/10/03/indias-richest-2018-mukesh-ambani-adds-another-9-3-billion-to-retain-top-spot/#398bca1ddb6e

India has a billionaire problem

India has a billionaire problem

It’s hard to judge the exact moment India’s New Gilded Age began. But if you had to pick, it would surely come between Manmohan Singh’s election victory in the summer of 2004 and Vijay Mallya’s fiftieth birthday party, just a year and a half later.
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India’s new billionaires have accumulated more money, more quickly, than plutocrats in almost any country in history.

On 3 May, at around 4.45pm, a short, trim Indian man walked quickly down London’s Old Compton Street, his head bowed as if trying not to be seen. From his seat by the window of a nearby noodle bar, Anuvab Pal recognized him instantly. “He is tiny, and his face had been all over every newspaper in India,” Pal recalled. “I knew it was him.” …Read more at: https://www.theguardian.com/news/2018/jul/10/the-staggering-rise-of-indias-super-rich



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