Indian start-up founders sell decade-old company to Walmart for $16 billion.
Urjit Patel, India's central bank govenor For the first time ever, India’s 82-year-old central bank, the Reserve Bank of India (RBI), will have a chief financial officer with domain expertise to oversee sweeping reforms.
The government of India has set up a new type of bank intended to support funding for large projects.
India's demonetization drive is having huge impact on India’s $ 2.2 trillion economy, wreaking havoc on business operations.
At almost 79, Ratan Naval Tata is donning the captain’s cap again at the $108 billion Tata Group. He’s back at his Bombay House corner office at group headquarters, taking daily calls on operations. After four years of retirement, the ...
With mounting payment obligations and a worsening balance of payments, Pakistan has returned to the Islamic bond market after a two-year hiatus. In early October, Pakistan mopped up $1 billion through a dollar-denominated Islamic bond with a five-year tenure.
A deepening and widening of the nascent corporate bond market in India is on track, following reforms by the Reserve Bank of India aimed to draw in foreign and small investors.
INDIA | Introduced just a year ago, “green” masala bonds—offshore rupee-denominated bonds to fund private-sector investment addressing climate change—are hot.
India | The Indian parliament’s adoption of a constitutional amendment bill has paved the way for the biggest tax reform in the $2 trillion economy’s history, as Narendra Modi’s government prepares to usher in a dramatic change in the tax regime: a single goods and services tax (GST) that subsumes all central, state and local levies.
India’s “Make in India” campaign has begun to pay dividends in the defense sector—a field where sharing of technology, processes and patented know-how by global giants does not happen easily.
Trends | Startup Investment
India is on the cusp of a “start-up” revolution, with prime minister Narendra Modi unveiling a dedicated $1.5 billion seed fund and tax breaks to help develop technology and other microenterprises.
India seems to be on course with economic reforms under the leadership of prime minister Narendra Modi, achieving a significant landmark as it moved ahead of the US and China in the foreign direct investment (FDI) sweepstakes.
The Indian government headed by prime minister Narendra Modi is betting big on the reform and revamp of state-run banks over the next four years to support the country’s 8%-plus GDP growth.
Capital Markets | Debt/Equity
India’s banks—both private and state-run—have been given a powerful tool to deal with bad loans.
India | Indian prime minister Narendra Modi celebrated his one-year anniversary in office in May, but the jury is still out on whether he’ll justify the hope that has been invested his new government.
Milestones | India
The Reserve Bank of India’s recent bid to offer licenses for setting up small finance and payment banks has elicited an overwhelming response, with at least 113 companies entering the fray.
India’s right-wing Bharatiya Janata Party government, led by prime minister Narendra Modi, seems set to give a new lease on life to insurance sector reforms.
India | Newsmakers
Arun Jaitley, a corporate lawyer by training, has emerged as the rising star of the ruling Bharatiya Janata Party and chief troubleshooter in the new government, headed by prime minister Narendra Modi.
Milestones | India
In partnership with more than 50 state-run, cooperative and private banks, India’s National Democratic Alliance government has launched the world’s largest financial inclusion project to bring 75 million households into the banking fold by the end of January 2015.
NEWSMAKERS | PAKISTAN
After an eventful career as an international cricket star, Imran Khan Niazi embraced politics in Pakistan 17 years ago, an environment dominated by religious and fervent groups. Gaining prominence when his party, Pakistan Tehreek-e-Insaaf (PTI), captured 7.7 million votes in last May’s elections to become the third-largest faction in parliament...
Election Coverage: “Good days are here,” tweeted prime minister-designate Narendra Modi after he led the right-wing Hindu nationalist Bharatiya Janata Party to a landslide victory last Friday in India’s bitterly fought parliamentary elections.
NEWSMAKERS KA Badarinath World powers represented by US, EU and Japanese trade ministers openly disliked him. They held 60-year-old Indian trade minister Anand Sharma squarely responsible for holding up the World Trade Organization’s Doha Development Agenda discussions at ...
The wheel has turned full circle for industry doyen and chairman emeritus of the $110 billion Tata Group, Ratan Tata. His dream of more than five decades to return to the Indian skies through a fully-fledged airline business is set to come true.
NEWSMAKERS By KA Badarinath Once a tea vendor, Narendra Modi—now a main candidate for prime minister of India—has come a long way in the past 30 years. The 63-year-old Modi has entered the fray for the May 2014 election race ...
MILESTONES By KA Badarinath Since the 1991 balance-of-payments crisis, the Reserve Bank of India (RBI) had not reversed the trend of easing capital controls. But on August 14, the rhetoric was different as the RBI curbed the outflow ...