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India, with a population of 1.43 billion, has surpassed China as the world's most populous country, which could lead to a decades-long investment boom. Goldman Sachs expects India's share of global equity market capitalisation to quadruple by 2075, and its economy to grow 6%-7% annually, surpassing China's. However, Indian stocks are expensive, and experts recommend banks and private financial services as safe bets, along with real estate, IT firms and consumer products.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/H3wzXvh
The proposed digital personal data protection law seeks to clamp down heavily on consumer-facing industries such as banks, insurance companies, real estate and automobile sellers, hotels and restaurants and e-commerce as well as social media giants if they compromise vital information of customers by leaking and selling names, phones numbers, or other information to third parties.
HDFC Bank's Sashidhar Jagdishan has emerged as the highest-paid bank chief executive in FY23, grossing over Rs 10.55 crore in overall pay. Jagdishan's colleague Kaizad Bharucha, the deputy managing director of the largest private sector lender, drew Rs 10 crore for the fiscal year and may be the second-highest grossing banker in the country, according to disclosures made in annual reports.
