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Indian shares rose on Monday, tracking a rebound in Asian peers, as IT major Wipro rose post earnings and falling crude prices helped oil marketing companies, but a fall in top private lender HDFC...
The yawning divide between the super-rich and middle-class in India's booming economy is set to persist, if the "underperformance" of consumer stocks in the raging stock market is anything to go by. Stock prices of consumer firms selling soap, hair oil and refrigerators are seeing double-digit gains but are still lagging benchmark Indian stock indexes as low income growth and volatile inflation hurt demand for everyday goods. Asia's third-largest economy is set for a 7.6% expansion in the financial year ending this month, but private consumption, which contributes 60% of ...
By Bharath Rajeswaran MUMBAI (Reuters) - The yawning divide between the super-rich and middle-class in India's booming economy is set to persist, if the "underperformance" of consumer stocks in the raging stock market is anything to go by. Stock pr...
Stock prices of consumer firms selling soap, hair oil and refrigerators are seeing double-digit gains but are still lagging benchmark Indian stock indexes as low income growth and volatile inflation hurt demand for everyday goods. Meanwhile, luxury goods are flying off the shelves.
Wealth concentrated in the richest 1% is at its highest in six decades