Posts From Rajesh Sharma

 Indian markets rallied on Monday after exit polls showed Prime Minister Narendra Modi was set to win a second term after a general election with an even bigger mandate than in 2014. Exits polls, following the mammoth seven-phase election that

Indian Prime Minister Narendra Modi is likely to return to power with an even bigger majority in parliament after a mammoth general election that ended on Sunday, exit polls showed, a far better showing than expected in recent weeks. Modi

 Gold was sold at a discount this week in India for the first time in 2-1/2 months as higher prices deterred jewellers and retail buyers, while currency fluctuations and economic worries triggered caution amongst buyers in other Asian hubs. Gold

 Indians could buy at least 10 percent more gold during the annual Hindu and Jain holy festival of Akshaya Tritiya than a year ago, industry officials said, as a dip in prices prompted consumers to increase purchases. A rise in

 Maruti Suzuki India Ltd forecast a weak rate of growth for the current fiscal year amid an industry-wide weakening of demand, sending the carmaker’s shares down as much as 2 percent. The country’s biggest automaker, majority owned by Japan’s Suzuki

 Pilots at India’s Jet Airways have been told by their union to put off a planned strike to give its management and key lender State Bank of India time to strike a deal to keep the debt-laden airline flying, ANI

A U.S. plan to end preferential duty-free imports of up to $ 5.6 billion from India could raise costs for American consumers, two U.S. senators have told their country’s trade office, urging a delay in adopting the plan, and seeking

FOR MIGRANT workers, sending money home is an expensive chore. They send plenty: remittances to developing countries are set to reach $ 550bn this year, beating foreign direct investment, the World Bank said on April 8th. Total cross-border transfers to

INDIA’S BANKS have a poor reputation—and for good reason. The state-controlled ones offer cheap credit to the well-connected, have piles of bad loans and are barely accountable. Nor are the private ones flawless. In the past year the bosses of

It’s not uncommon in other countries for people to file their taxes via state-run, free electronic systems. But such a service doesn’t exist in the U.S. And if a bill making its way through Congress is passed, it never will.