Amy Yee In Delhi And Joe Leahy In Mumbai

Stories by Amy Yee In Delhi And Joe Leahy In Mumbai

Engaging India: Crackdown on 'noisy' driving

Engaging India: Crackdown on 'noisy' driving

Rediff.com   14 Dec 2007

The Mumbai traffic police, in a move that runs against the very culture of driving in this city of 18m, have begun cracking down on noisy motorists.

Reliance mutual fund sells stake to Eton Park

Reliance mutual fund sells stake to Eton Park

Rediff.com   14 Dec 2007

Reliance Capital Asset Management, controlled by Anil Ambani, has sold a 5 per cent stake to Eton Park Capital Management in a deal that for the first time puts a value on India's largest mutual fund.

World View: Indian mutual funds

World View: Indian mutual funds

Rediff.com   14 Dec 2007

India's mutual fund industry is one of the brightest spots in an already fast-growing domestic financial sector.

ABN Amro loses India chief

ABN Amro loses India chief

Rediff.com   13 Dec 2007

Romesh Sobti, ABN country head for India, will move to IndusInd Bank, a domestic private-sector institution controlled by the Hinduja family.

Rivals for Jaguar await Ford verdict

Rivals for Jaguar await Ford verdict

Rediff.com   13 Dec 2007

People close to Indian carmakers Tata Motors and Mahindra & Mahindra, and the buy-out group One Equity Partners, said on Tuesday that they expected Ford to respond imminently to their revised offers made last week.

Two worlds collide

Two worlds collide

Rediff.com   12 Dec 2007

Naandi is one example of the increasingly common intersection of philanthropy and social entrepreneurship in India and south Asia.

India wants building workers back

India wants building workers back

Rediff.com   12 Dec 2007

"We are looking at how we can bring back skill sets developed by Indians overseas," Rajiv Singh, vice-chairman of DLF, said in an interview with the Financial Times. "Our desire is to have a very highly motivated and trained labour force come back and work for us."

Volvo to take on Tata in India

Volvo to take on Tata in India

Rediff.com   11 Dec 2007

At the core of the new joint venture is an attack on Tata Motors, which dominates the commercial vehicle sector in the world's fourth-largest market for heavy trucks.

India: Hubs are nub of the issue

India: Hubs are nub of the issue

Rediff.com   11 Dec 2007

For a direct indication of the premium attached to efficiently-run ports in India, one need look no further than the recent stock market listing of Mundra Port and Special Economic Zone.

Funds fight for front row seat in India

Funds fight for front row seat in India

Rediff.com   11 Dec 2007

Many view private equity-related funds as a better way of capturing the upside in the economy, given that stock market valuations have been swollen by three to four years of almost uninterrupted share price rises.

IFC plans repeat of $1bn India investment

IFC plans repeat of $1bn India investment

Rediff.com   10 Dec 2007

India has become a focus of private equity firms with deals worth more than $5.9bn this year, 50 per cent more than the total for all last year. Most of the leading firms have set up in India or are finalising plans to do so.

Vodafone forges Indian alliance

Vodafone forges Indian alliance

Rediff.com   10 Dec 2007

Vodafone, Bharti Airtel, India's largest mobile operator, and Idea, a smaller rival, have agreed to pool network infrastructure in a joint venture that may in the future seek a stock exchange listing.

Engaging India: Vital remittances

Engaging India: Vital remittances

Rediff.com   7 Dec 2007

A World Bank report released last week projected that remittances to developing countries alone will reach $240bn this year compared to $221bn in 2006, with Asia receiving $114bn.

Indian airline privatisation faces uphill battle

Indian airline privatisation faces uphill battle

Rediff.com   6 Dec 2007

Praful Patel, India's reformist civil aviation minister, has helped drive the privatisation of Mumbai and 's moribund airports, overcoming initial protests by employees.

Emirates target India real estate

Emirates target India real estate

Rediff.com   5 Dec 2007

India's biggest listed developer, DLF, and Dubai's Nakheel have announced a joint venture with plans to invest more than $10bn to build two townships on 40,000 acres.

Property rise tests Indian foundations

Property rise tests Indian foundations

Rediff.com   5 Dec 2007

Since India eased rules governing foreign investment in property in 2005, western private equity funds and, now increasingly, the cash-rich states of the United Arab Emirates across the Arabian Sea from India, have flocked to the country.

Sony flops in Bollywood

Sony flops in Bollywood

Rediff.com   4 Dec 2007

Hollywood's first big foray into Bollywood has received a bruising reception in India with websites that track box-office sales branding it a flop.

Tata Steel joins 'coal rush' in Mozambique

Tata Steel joins 'coal rush' in Mozambique

Rediff.com   4 Dec 2007

The Indian steelmaker, which bought the Mozambique project with Australia-listed Riversdale Mining, sees the mine as essential in ensuring it has a sustainable supply of coking coal.

DLF buys into chain of luxury hotels

DLF buys into chain of luxury hotels

Rediff.com   29 Nov 2007

DLF is paying $200m for a controlling stake in Amanresorts. The deal comes at a time when Indian automotive companies Tata Motors and Mahindra & Mahindra are bidding for Ford's luxury Jaguar and Land Rover marques.

India's looming power struggle

India's looming power struggle

Rediff.com   27 Nov 2007

India has the world's 4th largest coal reserves, but various woes are leading to the growth of the coal-mining industry not keeping pace with the demands of the economy.