The Mumbai banker’s $20 billion private-wealth-management unit has become India’s biggest by assets.
Nirmal Jain has hit the jackpot serving the new rich in the...
The dynamics between Europe and Russia have gone so south that mending fences looks like an uphill task—even as the US swings between sanctions and olive branches.
Centre for Science and Environment in new report makes case for rationalising GST on waste material, saying most informal operators can’t afford high tax & it also hinders recycling.
21st edition of annual joint military exercise will be held from 1 to 16 September, aimed at sharing military tech, operational best practices & disaster relief coordination methods.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
One feels no envy – much less jealousy – towards the dollar billionaires. They have created wealth, and we need much more of that process to continue. However, in a country where so many citizens are poor or lower middle class, it makes a lot of sense to enjoy one’s wealth with a sense of discernment, not make a spectacle of it. It sometimes feeds into perceptions – not always founded in fact – that fortunes are made by gaming the system rather than genuine enterprise and innovation. And when some of India’s seriously rich people default on bank loans, that adds greatly to public resentment.
One feels no envy – much less jealousy – towards the dollar billionaires. They have created wealth, and we need much more of that process to continue. However, in a country where so many citizens are poor or lower middle class, it makes a lot of sense to enjoy one’s wealth with a sense of discernment, not make a spectacle of it. It sometimes feeds into perceptions – not always founded in fact – that fortunes are made by gaming the system rather than genuine enterprise and innovation. And when some of India’s seriously rich people default on bank loans, that adds greatly to public resentment.