India

Asia in 2016: India

Landmark economic reforms introduced in India last year contrasted sharply with rising extremism, suggesting that the rapidly growing country is still battling old demons of religious divisiveness, rigidity and...

Bitter Battle Starts Over India’s Tata Group

The Tata group, India’s largest conglomerate, faces an unpredictable new year with a battle developing for control of what has always been regarded as India’s most stable and respected business group. The end g...

Modinomics Bites Christies Sale

Christie’s high-profile annual art auctions in Mumbai just managed pm Dec. 19 to overcome growing concern about the direction of the Indian economy. They yielded a respectable but unexciting sales total of US$1...

India Gets its Guns – 30 years late

The 30-year gap between India’s last purchase of artillery and its buy last week of 145 M777 ultralight howitzers from the United States has its roots in the trauma of the infamous Bofors scandal of 1986, which...

India Eases Defense Blacklist Ban

In a dramatic departure from past defense policy, Indian authorities say they will no longer impose blanket bans on armament companies suspected of corruption or bribery. This easing of blacklisting norms will ...

Currency Chaos in India Aimed at Corruption

When Indians elected Narendra Modi as their ultra-nationalist prime minister two and a half years ago, they were voting for change in the way that the country is run, just as American voters did last week when ...

UK’s May runs into EU-style blockages in New Delhi

Theresa May has discovered in India during her first bilateral visit outside Europe that she runs into the same blockages over free trade and movement of labor internationally as she does in her post-Brexit dis...

Patriarch of India’s Tata Takes Back his Empire

The fallout from the Oct. 24 sacking by Tata patriarch Ratan Tata of his chosen successor Cyrus Mistry as chairman of Tata Sons, the group’s holding company, continues: In an email to the company, leaked in ...

South Asian Art Prices Recover in London

Sotheby’s earlier this week dispelled some of the gloom and uncertainty emanating from a poor Christie’s US$3.8 million auction of South Asian art in New York last month when its annual London auction yield...

BPO Fraud in India on the Rise

High-profile raids across India's commercial capital Mumbai last week have blown the lid off a multi-million dollar scam involving 630 employees of a fake business outsourcing company that has cheated and robbe...