Miscellany

Miscellany

India home to 2,45,000 dollar millionaires

India’s total household wealth stood at $5 trillion while the country is home to 2,45,000 millionaires, says a Credit Suisse report.

The number of ultra rich in the country is expected to reach 3,72,000 while the total household income is likely to grow by 7.5 per cent annually to touch $7.1 trillion by 2022, the report said.

Entrepreneurs outnumber slots at Ivanka’s summit

A US-backed entrepreneurship conference that president Donald Trump’s daughter, Ivanka Trump, is attending in India this month has been flooded with applications amid deepening ties between India and the United States.

Thousands of Indian entrepreneurs want to attend the three-day Global Entrepreneurship Summit (GES), to be held in Hyderabad from November 28, though organisers say they can accommodate only 400 from India and 800 from the US and the rest of the world.

Alibaba’s Rise Creates ten Billionaires

Jack Ma, who launched China’s largest e-commerce company two decades ago and rode it to a $47.6 billion fortune, turns out to have created billions of dollars of wealth for at least 10 others -- a total of almost $100 billion.

Indian students 2nd largest in US; contribute $6.5 billion

Indians registered an impressive double-digit growth of 12.3 per cent in the last one year to become the second largest group of international students in the US after China, contributing $6.5 billion to the country's economy in 2016, a report said on Monday. In the 2016-17 academic year, 186,267 students from India were studying in the US, said the annual Open Doors report of the Institute of International Education (IIE).

We care less about what we’re paid than why

You are probably getting paid better than you think you are. If only you knew it.

Whether our jobs pay us fairly matters a lot less to us than how well we feel we’re getting paid, a new survey has found – and because we are in the dark about why, exactly, we’re paid what we are, most of us think we are getting underpaid.

In reality, nearly 90 per cent of people who think they are underpaid are actually getting at or near the market rate, a new survey by the online salary database PayScale has found.

Team India’s zest for fitness goes up with DNA test

It’s fitness first for Team India now. After the Board of Control for Cricket in India (BCCI) recently made it mandatory for cricketers to pass an endurance trial, known as the yo-yo test, to guarantee a spot in the team, Virat Kohli and Co are now raising the bar to a new level. In a first, Team India players are now undergoing DNA test, which reveals the genetic fitness outline of an individual. The BCCI has introduced the new method with an aim to chalk out an all-inclusive fitness regimen for the Men in Blue. 

GE breast cancer device to reach 500 million women

GE Healthcare in partnership with US-based UE Lifesciences has launched a breast cancer detection device, iBreastExam (iBE) in India.  GE wants to take this device to over 500 million women across India, South Asia, Africa and SEast Asia.

 Breast cancer is the most frequent cancer in women worldwide with 1.67 million new cases diagnosed annually. Of this, India has a share of 150,000 cases, said GE Healthcare (sustainable solutions) president and CEO Terri Bresenham.

Don’t expect large increments in 2018

Though the in­dustry is ho­ping to achieve a better growth in 2018, your salaries are not going anywhere. Willis Towers Watson predicts that at 10 per cent, 2018 will see salary hikes similar to this year and slightly lower than 2016 and 2015. There is also a likelihood of India Inc providing average single digit increments. The only silver lining is that Indian salary hikes are better than some of the key markets in the Asia Pacific region.

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