Walmart is in talks to take a minority stake in Flipkart that could go up to 50 or 60 per cent. While Amazon is pushing hard for deal with Flipkart because Walmart’s money will make competition even more fierce.
Companies including Indian Oil Corp., Bharat Petroleum Corp. and Hindustan Petroleum Corp. will have bear a loss of up to 1 rupee per liter on sale of diesel and gasoline.
The bank deserves a vote of thanks for helping to create possibly the biggest and juiciest takeover target in the history of Indian banking.
While Indian Prime Minister Narendra Modi’s administration reaped the benefits of the biggest price crash in a generation, oil is recovering as the government gears up for elections in 2019.
At the heart of the development is India’s insistence on local manufacturing, which mandates that at least 30 percent of parts in imported defence products are made in India.
Sotheby’s auction will be held in Mumbai with one of modern master Tyeb Mehta’s most important works “Durga Mahisasur Mardini”; the artist's previous auction record was $3.6 million.
India saw the fastest rise in inequality of all major world regions between 1980 and 2016, and 55% of the country’s income share is in the hands of the wealthiest 10%.
The speech -- marking 40 years after the first economic reforms transformed China -- was being closely watched after Trump’s plan to hit hundreds of Chinese products with duties.
Tata Trusts defends $50 million donation, says no laws violated. Establishment of Tata Hall at Harvard will help more Indians study there, it says.