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India's mega rich are swelling. How the wealth management industry is refashioning itself to adapt

THE ECONOMIC TIMES
Sun, Jul 01, 2018 | 10:31 AM IST

ET Sunday Wrap

India's mega rich are swelling. How the wealth management industry is refashioning itself to adapt
The business of managing wealth is not just looking up, but leapfrogging in sophistication; it is not just promising high returns, but personalised service.
A raft of companies want you to ditch old payment habits
India has 120 million people who shop online, according to a 2018 Assocham estimate. This is a subset of an estimated 240 million smartphone users and 1 billion subscribers with a mobile connection.
GST has divided Surat: While textile languishes, diamond trade unaffected
The 0.25% GST levy on rough diamonds is basically meant for tracking the transit of diamonds rather than mopping up any additional revenue for the government.
New stars on the block: How dubbed versions of Hollywood hits are churning out heroes
Voice is such a big deal now that studios make artists sign contracts not to reveal the VO artists' details on social media until the movie is out in the theatres.
How the matrix of remittances is changing for Indians
In 2017, Indians overseas sent $69 billion home, the largest remittance for any country in the world.
Maternity Benefit Act: The new amendments might cause some pangs in the short run
While large companies with deep pockets may be able to afford the 26-week paid-leave policy, most Indian firms, including MSMEs and startups, can't afford this, given their growth challenges, resource constraints and margin pressures.
No one has quit business in Surat because of GST: Hasmukh Adhia
The major item of production in Surat is polyester fabric, and before the GST came, there was absolutely no excise duty or VAT on fabric.
Why small farmers are upset with India's food safety regulator
A 2016 Yes Bank White Paper on organic market estimates it to be Rs 250-300 crore and the "uncertified, unmonitored" one to be Rs 300-500 crore.
India is going to be about less planning, more learning: Peter Betzel, CEO, Ikea India
We have big plans for India. Telangana is one of our first identified priority markets, besides Delhi NCR, Maharashtra and Karnataka, Betzel said.
Malayalam film actors' body shows staggering misogyny as it welcomes back Dileep
In the age of Time's Up and #MeToo, there has been deafening silence on the issue especially from a younger generation of male stars and an older generation of writers.
Chandrasekhar Rao facing teething troubles, new contenders in Telangana
Telangana was carved out of Andhra Pradesh in June 2014, post the general election and after a long, violent struggle, of which KCR ended up being the political face
We can't grow in an alliance: M Kodandaram, founder of Telangana Jana Samithi
We are talking about alternative politics, not just winning elections. So we have to be careful about forging alliances, Kodandaram said.
FIFA World Cup 2018: Are European techniques killing African rhythms?
Cameroon's odyssey at Italia '90 set the tone, and the Nigerian displays in '94 and '98 made us wonder just how soon an African side would lift the ultimate prize.
8 things men don't get about first dates
Indian men are not quite sure how to navigate the vast minefield of first dates. They make the most elementary mistakes — like suggesting we meet immediately after we match.
Food in fables, folktales and epics
Little do we realise that food has seeped into our consciousness at a very early age — through folktales, parables, fables, rhymes and bedtime stories.
The facts and numbers behind the much craved chocolate
As we celebrate World Chocolate Day on July 7, let's take a look at some facts and numbers on the widely craved comfort food
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