Industry bodies close ranks on defence FDI

The dust over the controversy around foreign direct investment (FDI) in the defence sector appears to have settled.  Leading industry body, the Confederation of Indian Industry or CII, has......

Stimulus for commercial vehicles may fll flat

The accelerated depreciation benefit of 50 per cent provided for commercial vehicles purchased this quarter may not help push demand for commercial vehicles significantly, as about three-fourth of......

Indians give up cushy jobs abroad to come back to their homeland

Armed with pricey degrees from colleges overseas, young Indians are heading back home in search for greener pastures, finds Anjuli Bhargava. Image: India is where the action is today. Photograph,......

Citibank eyes growth in India, wary on bank stakes

Citigroup's Citibank arm is expanding keenly in India but is wary of taking stakes in local banks because of a cap on foreign equity and limits on voting rights, company officials said on......