The Reserve Bank of India is allowing foreign investors to buy corporate bonds that are either totally or partly in default, it said on Thursday, a potential boost to India's nascent distressed debt market.
NEW DELHI India's proposed sales tax should be set at less than 20 percent, the opposition Congress party said on Thursday, signalling a willingness to compromise as long as the government takes into account its concerns.
It’s not often that you get to read your own name in the obituaries. Three days after armed militants went on the rampage in Mumbai, newspapers and TV channels included my name in the list of people who lost their lives in the carnage. Reuters Witness | Slideshow
India's gold buying in the key December quarter is likely to fall to the lowest level in eight years, hurt by poor investment demand and back-to-back droughts that have slashed earnings for the country's millions of farmers. The sluggish demand could halve imports by the world's second-biggest gold consumer in U.S. dollar terms in the final quarter, a retailer and two bank dealers said. Full Article
Ola, India's biggest ride-hailing service, said on Thursday it has appointed former Infosys Ltd executive Rajiv Bansal as chief financial officer, joining other technology start-ups attracting top officials from leading companies. Bansal, former finance chief and advisor to the chief executive of Infosys, India's second-largest software services exporter, will join Bangalore-based Ola in January. Full Article
The third annual Holocaust survivors' beauty pageant, honouring women who lived through the concentration camps and death marches of Nazi Germany, was held in the city of Haifa this week with hundreds of relatives turning out in support. Full Article
Saving face for both country's leaders, who once considered each other friends, will be critical and best facilitated by calls of restraint from President Barack Obama and France’s leader, Francois Hollande. The Great Debate