New Delhi [India], February 20: India is entering a defining chapter in private wealth history. According to EY estimates, nearly USD 1.5 trillion is expected to change hands in India over the next decade through intergenerational wealth transfer. Globally, UBS projects that approximately US
Indian family-owned businesses are entering the coming years with strong confidence and ambitious expansion plans, even as they remain cautious in adopting new technologies, according to a survey report by PwC.
Nearly half of Indian family businesses report annual revenues ranging from USD 1 billion to USD 30 billion, with 36 per cent falling within the USD 1-5 billion range, according to a latest report by Deloitte.
While 25 per cent of Indian family offices continue to prioritise wealth preservation, many are now actively diversifying into global and alternative assets, highlights the recently launched EY-Julius Baer report, The Indian family office playbook.
Responding to reports about the plight of the family from Chhattisgarh, Sharma said that the matter will be taken up both at the state and national levels to facilitate their rescue.
Three people died, four were injured, and nine are missing after a boat capsized near Torrey Pines State Beach in San Diego. An Indian family was among those affected, with two children missing and the parents hospitalised. The Indian Consulate in San Francisco is coordinating support wit
Gauranga Das was born into a pious South Indian family based in Bhilai. A high-performing and ambitious student in school, he graduated from the prestigious IIT Bombay with a B. Tech in Metallurgy.
The Indian embassy in Kuwait has expressed condolences on the demise of the family of four people who were charred to death in a fire accident in Kuwait.