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Subhomoy Bhattacharjee
In the tumult of a highly fractious general election campaign in 1991, the then finance minister of India, Yashwant Sinha remembers having signed only one file—the scheme to pawn 67 tonnes of India’s gold reserves to pay for imports.
The discipline of economics is possibly paying the price for its vaulting popularity, since the end of the Second World War.
On Thursday night, in front of a sell-out crowd, the Indian cricket team ran the Australian team quite close to very nearly pulling off a great win. On the same night, quite by happenstance, the Indian government pulled off a very tough victory.
To run an industry you need money. You go to a guy who has the dough and hope to interest him enough to lend you some. If the investment works out, you pay him back.
While the minister for corporate affairs, Salman Khurshid, has created a controversy about limits to executive pay without any reason, the state governments of Jharkhand and Orissa, India’s richest mining states have given LN Mittal a convenient excuse to cut down on an investment which he...
The day after any failed deal is always a sour one. But not for the stock markets this time around as the shares of both Bharti and MTN have soared on Thursday, after they abandoned an alliance that makes business sense now, more than ever.
Just as some people appear to undergo near death experience, India seems to undergo near capital convertibility experiences, the latest one being the possibility of dual listing for the shares of Bharti Airtel.
One year back, as the financial world centred on Wall Street went into crisis, the trigger being the collapse of Lehman Brothers. Indian financial firms had a real chance to get in the big league buying up some of the broken pieces.
The trends developing in the Indian stock markets throw up a distinct possibility of 2009-10 ending with the benchmark indicator, Sensex, close to the 20,000 mark.
