An uneasy truce between Prime Minister Narendra Modi’s government and the central bank was tested two days after the administration said it respects the central bank’s autonomy. “Rupee trading at less than 73 to a dolla
The turmoil in India’s credit markets, brought on by defaults at a major infrastructure financier, will benefit the nation’s largest developer, allowing it to sell homes while peers struggle to get money to finish their p
There’s no shortage of superlatives to describe this equity rally: best four-day gain in more than two years, best week since February, first gain in six weeks and higher trading volume across the board.
Subramanian Swamy -- a member of Modi’s ruling party whose criticism of Raghuram Rajan and the absence of any backing from the government contributed to him not seeking a second term as central bank chief in 2016 -- said Pa
India is the second-biggest importer of Iranian oil is cutting back –- while signaling that it won’t shut down the trade completely. And India isn’t just buying crude from Iran. It’s also preparing to buy missile defe