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Mulayam Singh's bitter PIL

 On Tuesday, March 6, we published Managing Editor (National Affairs) Sheela Bhatt's report on Vishwanath Chaturvedi's petition against Uttar Pradesh Chief Minister Mulayam Singh Yadav's various......

Why are foreign banks marching out of retail banking?

 Foreign banks set the template in consumer banking in its infancy, but have almost vacated this booming space. Raghu Mohan reports. Illustration: Dominic Xavier/Rediff.com On March 8, Axis Bank......

After oil, equity markets are likely to crash

 Just as very high oil prices looked an anomaly in a sluggish world, so now do record high equities, says Ian Campbell. Policymakers wanted big stimulus. Now they have got it. The big drop in......

March IIP data may show 1% fall: Moody's

 Industrial recovery may remain elusive with factory production likely to contract again in March by nearly one per cent due to slackening demand and weak export orders, Moody's said. "I'm expecting......

India and China data fuel rise in optimism

 India's manufacturing sector grew in April for the first time in five months, spurring hopes of an end to falling growth estimates and contracting exports. Meanwhile, the purchasing managers' index......

ABN Amro index points to recovery

 Indications of a revival in domestic demand emerged on Monday, with the monthly ABN Amro Purchasing Managers' Index crossing 50 for the first time since October 2008. The latest PMI reading is the......

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