CNBC's Inside India newsletter: The changing face of India's rich
Publishing timestamp: 2024-10-17 16:40:11
Summary
India mourns the death of Ratan Tata, a visionary industrialist and philanthropist. The wealthy population in India is growing, with individuals from various industries attaining rich status. The stock market in India is performing well, and the country is expected to become the world's third-largest economy by 2027. The shift from physical assets to financial assets is fueling the rise in wealth accumulation. Canada expels Indian diplomats, and India responds in kind. BlackRock and Government of Singapore buy shares in Hyundai Motor India IPO, while the UK prioritizes a trade deal with India. Indian stocks have seen a slight decline, but the market remains positive overall.
Sentiment: NEUTRAL
Tickers: TCS-IN, APOLLOHOSP-IN, VOLV.B-SE, MBG-FF, TATASTEEL-IN, TITAN-IN, TATAMOTORS-IN,
Keywords: world economy, us dollar/indian rupee fx spot rate, mercedes benz group ag, volvo ab, cnx nifty index, apollo hospitals enterprise ltd, mercedes-benz group ag, dxy us dollar currency index, india, titan company ltd, jpmorgan chase & co, global x india active etf, tata steel ltd, business news, economic events, tata motors ltd, tata consultancy services ltd,
Source: https://www.cnbc.com/2024/10/17/cnbcs-inside-india-newsletter-the-changing-face-of-indias-rich.html