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 surges 10%; storms into top-5 most-valued club as m-cap tops Rs 7 trn

Life Insurance Corporation of India (LIC) February 8 for the first time ever crossed the Rs 7 trillion market capitalisation, as the stock price of state-owned insurer hit a new high of Rs......

HSBC sees Sensex at 30,500 by December 31 on govt reforms

Growth, said HSBC, would be helped by higher public investment, bankruptcy code and direct transfer of subsidies Global financial services major HSBC has set an optimistic benchmark BSE Sensex......

FM pruned services exempt from taxes to raise revenues

The Union Budget for 2013-14 delivered the promise of fiscal consolidation projecting a fiscal deficit at 4.8 per cent of GDP for the next fiscal year, whilst managing the fiscal deficit for the......