Two years ago India was growing at 5 percent, facing severe deficit and inflation, and the rupee at record lows as the U.S. prepared to taper its stimulus programme. Two years into the term of RBI Governor Rajan, India seems set to confidently face the Fed's first rate rise since 2006.
MUMBAI - The promoters of DLF Ltd , India's biggest listed property developer, will sell their 40 per cent stake in the company's rental business to institutional investors, DLF said late on Thursday.
Prime Minister Narendra Modi is on the campaign trail in a state election that could define the rest of his term, promising jobs and development in one of the country's most backward areas, while his right-wing party pushes a Hindu agenda. Full Article
Liquefied Petroleum Gas, long a niche product used by the poor to cook and the rich to barbecue, has become a rare bright spot amid a broad commodities rout, riding on the wave of strong economic growth in India and parts of Southeast Asia. The biggest growth market is India, where millions of households are switching from kerosene or wood burners to LPG. Full Article
FIFA Corruption Scandal
FIFA President Sepp Blatter's loss of control of football's world governing body had been evident to staff in its hilltop glass headquarters here well before Thursday's announcement by FIFA's Ethics Committee that he had been suspended. Full Article