While some companies, such as HSBC, have closed retail operations, big players such as India Infoline is scaling down.
The muted CPI inflation print at 5% earlier this week, followed by a similar WPI number released Wednesday, seems to have spurred India's central bank into action, is how the economists are reading into Reserve Bank of India governor Raghuram Rajan's 25 basis point cut in repo rate.
Some feel that Tata Steel has put these assets on the block only after exhausting all the options.
RBI is unlikely to stem the slide against the dollar as the greenback is rising rapidly against all currencies in the world.
Most top industrialists rate PM's first 100 days in office as 'good', primarily due to his intentions, not concrete policy measures.
To check fiscal deficit, government needs to drastically cut Plan expenditure.
