The Supreme Court on Monday gave conglomerate Sahara another three months to come up with a final proposal to raise funds against its assets to secure bail for its founder Subrata Roy, who has been held in a New Delhi jail for more than a year. Sahara has made several failed attempts to raise $1.6 billion in bail money. Roy was jailed after Sahara failed to comply with a court order to refund billions of dollars to investors in a bond programme that was ruled illegal. The Supreme Court last week gave Sahara, a sprawling conglomerate that ranges from property to Formula One motor racing, a final chance to raise funds in order to bail out Roy. On Monday, the country's top court allowed Sahara to sell part of its Aamby Valley township outside Mumbai, which has luxury villas and a golf course, to raise funds.
Nitin Desai suggests some concrete measures to revive investment and boost growth.
If India has more billionaires than before, it is because the Indian economy began to look more attractive to FIIs, notes T N Ninan.
Rajan strongly defends RBI's decision to hold the key rates in the absence of any new data points.
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After RBI's missive on proxy lending to builders, it's time to reshuffle.
India's good fortune, experts in the US feel, is not the result of a fundamentally strong economy, but because it is the best of a bad set of options.
If you plan to withdraw money from your corpus regularly to meet expenses, have a portfolio of stable instruments.
'We feel there is definitely something murky in the system.' 'Will anyone believe that Nirav Modi will go to a branch and bribe a low-level officer?' 'Just look at the people with whom he had moved around.'
The government has provided a long-term vision.
Sensex ends lower; govt schemes in focus.
Nitin Gokhale reports on how quick decisions saved a repeat of a Mumbai-like carnage at the key Punjab air force base.
Surendra Hiranandani -- chairman and managing director, House of Hiranandani -- explains what ails India's housing sector and indicates the way forward.
The market breadth in BSE remains positive with 1,554 shares advancing and 1,196 shares declining.
RIL's standalone net profit rose one per cent quarter-on-quarter
Stock to watch: Shipping Corporation and Great Eastern Shipping
Indian economy about to take-off
Over the short to medium term, valuations are more likely to move down than up.
If India was able to provide additional and new information about people and entities that figure on stolen lists, they may consider it to exchange information
'We have promised to ensure reduced tax rates.'
Curbing the federal deficit is the government's absolute priority on February 28.
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The catalyst is the run on emerging market equities, but many investors are just tired of waiting for India to get its act together.
Jaitley's Budget has the potential to change the face of Modi's Bharat
Cashi Crisis: Day 9: Aaj ki Taaza Khabar!
Rajan retained the short-term lending rate at 6.5 and the cash reserve requirement of banks at 4 per cent.
'Most of the agitations are staged by the Opposition to disturb the peace of the state.'
'The temptation of governments, to have a finger in the RBI pie will be just too great to resist, unless extensive amendments are carried out in the RBI Act treating it almost as the fourth branch of the government.'
Wiping off nearly Rs 4 lakh crore of investors' wealth during the day, benchmark Sensex crashed on Friday.
Vietnam is a key player in India's act east policy under Prime Minister Narendra Modi. From India's perspective, a strategic partnership with Vietnam will only deepen political, economic, and security ties and be a bulwark against China, say Melissa S Hersh and Dr Ajey Lele
The railways continue to lose market share with an actual fall in the number of passengers and stagnant freight tonnage, says Subir Roy.
'India's biggest loss is that we will not have anyone as principled and as courageous as Rajan.'
'With technology advancing rapidly, the need for branches is declining.'
If you want to create wealth IGNORE these excuses!
Sahil Kapoor of Edelweiss Retail Capital Market Research says that setting up a monetary policy committee should have been the first step. And the central bank could have moved towards a formal inflation targeting mechanism after the processes and data sets are in place.
In a recent lecture, RBI governor Raghuram Rajan dished out some frank advice -- don't get into 'jugaad', instead try for the long haul. Only that will sustain in the long-run.
Over the past year we have heard a lot about policy reforms to improve the ease of doing business in India.
Modi government needs to focus more.
'Success will require political skill, not just economic expertise'
India Inc has few leaders who are likely to grab headlines in 2015.
2013 foreign currency non-resident deposits to mature in Sep-Nov
Frequent balance transfer in search of a lower rate can be tricky for borrowers, if property prices fall
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