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TARAPUR – CLOSE TO SHUTDOWN? 

“I have said that we will never take to nuclear weapons even if this country is going to be destroyed in the absence of (such…

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BankAmerica committed to India wholesale banking

10 December 1998 Reuters News English (c) 1998 Reuters Limited NEW DELHI, Dec 10 (Reuters) – BankAmerica Corp will sell its retail banking business in…

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INDIA LOOKING TO SUBSTANTIAL AID FROM IMF, DONORS, OFFICIAL SAYS

27 August 1991  Reuters News  English  (c) 1991 Reuters Limited  TOKYO, Reuters – India hopes to receive substantial financial aid from a consortium of donors…

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INDIA WILL ASK IMF FOR MORE FUNDS – MINISTER

13 April 1992  Reuters News  English  (c) 1992 Reuters Limited  TOKYO, Reuters – India intends to ask the International Monetary Fund (IMF) for more contingency…

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Sri Lanka’s garment makers want trade, not aid

9 January 2005 Reuters News English (c) 2005 Reuters Limited COLOMBO, Jan 9 (Reuters) – The only problem Sri Lanka’s intrepid garment makers faced after…

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RBI will not allow rupee volatility – Chidambaram. 

29 August 1997  14:33  Reuters News  English  (c) 1997 Reuters Limited  NEW DELHI, Aug 29 (Reuters) – Indian Finance Minister P. Chidambaram said the rupee’s…

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Woollen blankets, used clothing clog Sri Lanka aid pipeline.

8 January 2005 Reuters News English (c) 2005 Reuters Limited   SAMMANTHURAI, Sri Lanka, Jan 8 (Reuters) – Sitting cross-legged on the cramped, bucking floor…

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ANALYSIS-Sri Lanka’s economy does not take tsunami lying down

7 January 2005 Reuters News English (c) 2005 Reuters Limited COLOMBO, Jan 7 (Reuters) – More than 30,000 Sri Lankans lost their lives when the…

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Sri Lankan chronicle of deaths unforetold.

5 January 2005 Reuters News English (c) 2005 Reuters Limited   TANGALLA, Sri Lanka, Jan 5 (Reuters) – From a few hundred feet up, with…

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Sri Lanka tsunami aid becomes geopolitical game

3 January 2005 20:17 Reuters News English (c) 2005 Reuters Limited COLOMBO, Jan 3 (Reuters) – Sri Lanka’s tsunami devastation has drawn a huge international…

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Typhoon Betty Hits Central Philippines

12 August 1987 Reuters News English  (c) 1987 Reuters Limited  MANILA, Aug 12, Reuter – About 500 families were evacuated today from the central Philippine…

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Typhoon Betty Slams into Central Philippines

13 August 1987  Reuters News  English  (c) 1987 Reuters Limited  MANILA, Aug 13, Reuter – Typhoon Betty slammed into the central Philippines today, killing a…

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Breakout Companies

Raghuram Govind Rajan is a lucky man. Two weeks into his new job as Governor of the Reserve Bank of India his friend Ben Bernanke,…

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Cheat Funds

Sometimes India’s economy resembles a rambunctious teenager brought up short by a finger-wagging headmaster. Our finance minister can now recite with his eyes closed a…

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Watch Your Step

Three economists are gazing at a glass half full of water. The optimist sees a glass half full. The pessimist sees a glass half empty.…

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361 Dead as typhoon cuts trail of destruction in Philippines

27 November 1987  Reuters News  English  (c) 1987 Reuters Limited  MANILA, Nov 27, Reuter – Rescue workers battled through floods in the central Philippines on…

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Are Indian CEOs Overpaid?

The day before this issue of Business Today hits news stands, America will vote for a new president. The day after you invest less than…

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Deal Chahta Hai

A laughter club in Mumbai is forced to “zip it” because a humourless neighbour is disturbed, not long after a 63-year-old cartoon unleashes a cleansing…

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Prem Ji Is Back

By the time this issue of Business Today hits the news stands, voting for new governments in three Indian states will be completed. The seven-…

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Buy Me, Buy Me Not

Stock markets and their behavior are an inexact science. Technical analysts will study head and shoulders patterns, Fibonacci retracements, stochastic oscillators and sundry chicken entrails…

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Going Nowhere

I remember my first car with great fondness. It was a Fiat 1100D, and I crashed it barely a month after my wife and I…

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Reserve Bank-Money to Burn

Of all the functions of the Reserve Bank of India (RBI), there is one routine task crucial to the health of the economy: incinerating the…

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Suppressing Dissent?

Every dissenter is in a minority of one, and K. Ashok Rao, 36, deputy manager in Bharat Heavy Electricals Limited (BHEL), is discovering what it…

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Sharing Losses

Last week-end the seesaw battle being waged by Swraj Paul to take over Escorts and DCM slowed to a less suspenseful motion when the London-based…

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POWER PROBLEM

September 1981 to go into the question of revising the rates of forest produce. The eight-member committee, chaired by the chief secretary, consisted of the…

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BANK THE RESERVE

The Reserve Bank Of INDIA (RBI) IS the best-run company in India: transparent, diligent, accountable, and (ostensibly) in­dependent. Its official capital is a paltry Rs…

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A FIRST-RATE PROBLEM

India’s economy is lurching like a car with two flat rear tyres. The monsoon has been better than expected: a bumper kharif crop is expected,…

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KEEP THE BALLAST

Narendera Modi’s first term in office will be bracketed by malodorous stand-offs with two governors of the Reserve Bank of India. The bad blood between…

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