Tata Consultancy Services (NSE: TCS), India’s biggest technology services company, and Bharti Enterprises, parent firm of Bharti Airtel, the country’s largest wireless provider, will spend 1 billion rupees each ($16.5 million), to build toilets for schoolgirls and people in rural areas.
“The poor need respect and it begins with cleanliness,” Modi said in his first Independence Day speech, on Aug. 15, speaking in Hindi. Modi led his Bharatiya Janata Party to a landslide victory in India’s general elections earlier this year, raising hopes among businesses that he will put the country to work and get its economy back on the road to growth. Read more
Caption: Delhi, IndiaIndian Prime Minister Narendra Modi addresses the nation from the historic Red Fort during Independence Day celebrations in Delhi August 15, 2014. Modi voiced dismay on Friday at the government in-fighting he found on assuming office in May and vowed to fire up the bureaucracy to deliver results in a country desperately in need of growth and development. In the background is the Jama Masjid (Grand Mosque). REUTERS/Ahmad Masood