The grandfathering of past returns promised by Finance Minister Arun Jaitley in his budget speech is missing from the fine print of the finance bill.
Must the tap of brotherly love turn off at 68 cents on the dollar?
Now that bitcoin is a mainstream asset, with futures contracts traded at the world's largest exchange, becoming actual money should be the logical next step. But if you were to ask investors their expectations, the reply in most cases would likely be: "Not in my lifetime."
Assiduously shielding its loan book from the flying debris of India's $207 billion bad-debt crisis, HDFC Bank Ltd. has kept its balance sheet in a near-pristine condition.
Mukesh Ambani, India's richest man, sold 10-year dollar notes at just 130 basis points over U.S. Treasuries on Monday. None of the existing debt of Indian nonfinancial issuers, including state-owned firms, was raised this cheaply, according to Bloomberg News reporters Carrie Hong and Neha D'silva.
The $200 billion e-commerce market Morgan Stanley is forecasting for India by 2027 just got a new contender -- with a very different plan.
In the annals of economic experimentation, India's cash ban will stand out. Not because it was ill-advised, poorly executed or unsuccessful in achieving its original aims. Prime Minister Narendra Modi's move to outlaw 86 percent of his country's currency a year ago today was all those things. What made it remarkable, though, was the way it flew against the zeitgeist.
Infosys stock, which dropped 14 percent after Vishal Sikka resigned, is up almost 7 percent since then.
The nerve center of the $105 billion group that encompasses, among other units, the marque British carmaker, has been the target of an intense battle for control for almost a year now.
The private sector is latching on to the Abe-Modi bromance. Suzuki Motor Corp., by far the biggest success story of Japanese investment in the country, is considering a fourth production line in the western Indian state to take total capacity there to 1 million cars a year, according to media reports.
With Nandan Nilekani, 62, appointed as non-executive chairman, the founders have wrested back control.
Unlike Ratan Tata, who was in control of the group holding company's board, Murthy -- and the other co-founders, if they side with him -- are just shareholders taking on a hostile board from the outside.
Vishal Sikka's resignation as chief executive officer of Infosys Ltd. is part of a much-needed cultural reboot at the Indian software exporter. But the process won't be complete as long as the current board hangs around to sing dirges of victimhood.
It's the transparency that made Infosys the first Indian tech company to trade on Nasdaq in 1999.