Paytm Founder Sells 1% In One97 Communications For Rs 325 Crore

Paytm founder Vijay Shekhar Sharma has sold 1 percent of his shares in One97 Communications Ltd. to its shareholders for about Rs 325 crore. The amount raised will be utilised for Paytm’s proposed… Continue reading

Can Paytm’s Vijay Shekhar Sharma Disrupt Indian Banking?

He doesn’t look like a banker. He isn’t one. Not yet. Dressed in a blue shirt, which bears the logo of the company he founded, Paytm chief Vijay Shekhar Sharma carries none of… Continue reading

China Coal Control Jolts World Markets From Steel to Freight

China’s efforts to overhaul its coal industry to reduce overcapacity after years of expansion and curb pollution are reverberating through global markets from steel to freight. What’s happening? Output has fallen more than… Continue reading

The Indian Knitwear Town Gunning to Displace China in Apparel

Indian clothes maker T.R. Vijaya Kumar thinks it’s time for his country to take on Bangladesh, Vietnam and even China for leadership in the global apparel industry. He’s a second-generation manufacturer, who’s transformed… Continue reading

China consortium buys ad-tech venture for $900 million

NEW DELHI/BENGALURU: A consortium of Chinese investors has acquired ad-tech venture for about $900 million in a rare reverse merger deal being touted as the largest in the sector and which propels… Continue reading

What’s India Got Over China? Plenty.

By A. Gary Shilling When Narendra Modi, the prime minister of India, speaks to a joint session of the U.S. Congress on June 8, he may find it hard to convince lawmakers of his… Continue reading

China seizes biggest share of global exports in almost 50 years

Chinese exporters have found a silver lining in weak global demand by seizing market share from their competitors – good news for China but an expansion that is aggravating trade tensions. China’s proportion… Continue reading

Akash Prakash: A turn in the economy

Investors have been calling for a turn in the economy for more than 18 months now, more or less within six months of the National Democratic Alliance (NDA) coming to power. Those hopes… Continue reading

A steadying hand

The budget confirmed the fiscal deficit target of 3.9 per cent for the current financial year, and 3.5 per cent for 2016-17. The current account deficit (CAD) remained well-contained at 1.5 per cent… Continue reading

Govt may ask banks for at least $295 million in back-taxes

Authorities are demanding that banks pay taxes on services they claim were rendered to customers who maintained accounts above minimum balances The total amount of tax demands may reach more than Rs100 billion… Continue reading