An alleged attempt to sabotage the helicopter of India's second richest man, Anil Ambani, is developing into a full-blown murder mystery after the mechanic who discovered the plot was suddenly killed this week.
China poses the biggest challenge to India's IT outsourcing industry, which is expected to grow by an average 15 per cent over the next two years, according to the chief executive of India's biggest business processing outsourcer.
India's biggest discount retailer said hundreds of its stores were attacked over the weekend, after it failed to pay its security guards because of liquidity troubles.
India's celebrated IT outsourcing industry, which contributes about 25 per cent of the country's total exports, is feeling the pinch as it struggles to deal with the avalanche effects of the global financial crisis.
The global economic slowdown is rapidly changing the aspirations of India's most talented graduates, leading many to reassess what they want in life.
The growth of India's IT outsourcing sector, which contributes to about 25 per cent of the country's total exports, is expected to slow down sharply this year following a drop in demand due to the global financial crisis, India's software industry lobby predicted.
A year ago MG Road, the bustling main thoroughfare of Mumbai's historic business district of Fort, was full of shoppers haggling with street vendors over everything from replica Prada sunglasses to underwear.
India plans to push ahead with listing Bharat Sanchar Nigam, the state-owned telecoms group, in what would be the country's first large privatisation since the government came to power four years ago.
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