Why Foreign Financial Firms Quit India

There was no smooth surge in middle class prosperity for foreign businesses to tap into because of the Indian economy was mismanaged, argues Debashis Basu. Photograph: Nick Zieminski/Reuters Among......

LIC ups Infosys stake by over 2%

LIC has hiked its stake in Infosys to 7.24 per cent, raising its holding in the IT major for third straight quarter with an estimated purchase of shares worth over Rs 3,000 crore (Rs 30......

HDFC MF front-running case: Sebi bars former dealer

Closing a seven-year-old front running case at HDFC Mutual Fund, Securities and Exchange Board of India has barred former equity dealer Nilesh Kapadia and three others from the markets and ordered......

RBI extends Rs 60,000-cr credit line to Yes Bank

Since the RBI is the 'lender of the last resort', as per terms of arrangement, Yes Bank would have to exhaust immediate liquid assets before accessing this fund. To tide over liquidity issue, the......