India’s affluent consumer base is projected to surge from 2.6 crore in 2026 to 10.8 crore by 2036 BENGALURU: India is projected to have 10.8 crore affluent consumers by 2036, marginally surpassing China’s 10.3 crore, according to the latest report by NielsenIQ (NIQ) and World Data Lab.The report defines affluent consumers as people spending more…

NSE Indices Limited announced the launch of Nifty500 Ahimsa Index based on ‘ethical’ practices NSE Indices Limited, the index services subsidiary of the National Stock Exchange (NSE), announced the launch of Nifty500 Ahimsa Index, a new thematic index that tracks companies from the Nifty 500 universe that align with the principles of “Ahimsa” or non-violence.The…

MUMBAI: JP Morgan is seeing a bigger role for itself in M&A financing after RBI allowed domestic lenders to fund M&A. The relaxation has come at a time when corporates are returning to banks from capital markets in India, in keeping with a global trend.“It provides another corporate-friendly avenue for growth. At JP Morgan, our…

Since the vehicle was insured, the man expected the insurance policy to cover the loss. (Image for representative purpose only) You leave your punctured car on the roadside and in the morning it is found burnt. Should the insurer give a payout? In one such case a man’s BMW developed a tyre puncture on the…

BENGALURU: Online shopping is expanding beyond India’s biggest cities, but the value of those purchases remains concentrated in larger markets.Of more than 200 million orders processed in the last 12 months up to July this year, 57.2% originated outside the 96 largest cities, but these orders accounted for only 39.3% of total transaction value. Their…