NEW DELHI — Thousands of people on Sunday attended a rally by an alliance of India’s opposition parties that criticized the government of Prime Minister Narendra Modi of stifling opponents and undermining democratic institutions ahead of a national election next month. The “Save Democracy” rally was the first major public demonstration by the opposition bloc … Read more
Fancy anklets at an upscale jewellery shop in Thiruvananthapuram (Trivandrum), Kerala, India Nurphoto | Nurphoto | Getty Images India’s fondness for gold has neither benefited its economy nor generated decent returns for investors, BlackRock Founder and Chairman Larry Fink said in his annual letter to shareholders of the world’s largest asset manager. “When I visited … Read more
A new study from the World Inequality Lab finds that the present-day golden era of Indian billionaires has produced soaring income inequality in India—now among the highest in the world and starker than in the U.S., Brazil, and South Africa. The gap between India’s rich and poor is now so wide that by some measures, … Read more
The number of startups in India’s electric two-wheeler market has surged to over 150 from 54 in 2021, driven by government incentives to promote clean vehicles and cut oil imports, according to a new analysis. The influx has intensified competition in a segment expected to grow 15-20 times to annual sales of 15-20 million units … Read more
India, the world’s most populous democracy, is set to hold its next general election over a seven-phase period that will last 44 days. On March 16, the Indian Election Commission announced that Indians will head to the polls between April 19 and June 1, with the results declared June 4. Prime Minister Narendra Modi is … Read more
The National Payments Corporation of India, the firm that built the eponymous UPI rail in the country, approved Paytm’s application to participate in the payments ecosystem as a third-party application provider, delivering much-needed relief to the financial services firm that serves more than 300 million users and over 10 million merchants in the South Asian … Read more
India’s smartwatch market has transformed, seemingly overnight. For years, it has been dominated by its homegrown players, while global giants like Apple and Samsung have struggled for presence, amid the hundreds of millions of annual shipments. Suddenly, however, the category has been flooded with unknown brands, which have no prior and significant existence. These have … Read more
Workers inspect smart phone components at the visual inspection area of the surface mount technology workshop inside the Realme factory in Greater Noida, India: Anindito Mukerjee | Bloomberg | Getty Images Anindito Mukerjee | Bloomberg | Getty Images India’s booming tech sector has suffered a major blow as startup darlings Byju’s and Paytm plunge into … Read more
NEW DELHI — It could be the biggest party this small west Indian city has ever seen. As billionaire industrialist Mukesh Ambani prepares for the wedding of his young son this summer, he’s expecting billionaires from around the world, heads of state, and Hollywood and Bollywood royalty to attend a three-day bash in the family’s … Read more
NEW DELHI — Last year more than two dozen opposition parties in India came together to take on Narendra Modi, one of the country’s most popular prime ministers in generations. But the broad alliance, beset with ideological differences and personality clashes, is cracking at a crucial time, just months before the country votes in a … Read more