Business

Indian business leaders on Thursday hailed the passage of a landmark tax reform bill that paves the way for a new national sales tax and the creation of a common market across the country for the first time. Lawmakers voted late Wednesday in favour of introducing the long-awaited Goods and …

Household Development Finance Corporation (HDFC) aims to raise more money via so-called “masala” bonds after making its debut issue last month and other Indian companies may follow, the bank’s executives said. HDFC raised 30 billion rupees on July 14 via the “masala” bond, an offshore-traded, rupee-denominated issue. Yielding 8.33 percent …

Britain’s business minister Sajid Javid on Friday is to hold post-Brexit talks on the country’s future trade relationship with India, the first of many such discussions planned with world powers. Following Britain’s referendum vote last month to exit the European Union, the country is left with the huge task of …

With the world gripped by economic uncertainty in the wake of Brexit and ongoing recessionary conditions in western economies, Asia and the Far East has become increasingly attractive for investors from around the world. Old ideas about economic safe havens and blocs are becoming obsolete. This is the context in …

The UK’s Serious Fraud Office has initiated a criminal investigation into Tata Steel’s operations, the Telegraph reports. Police officers are investigating charges that Tata Steel’s staff in and around its Yorkshire site, may have faked certificates on the composition of the products before its sale, the newspaper said. Examined documents …

India’s version of craft brewing is seeing scores of thirsty tipplers sample everything from coconut stout to mango lager, as tastes mature in a country that has traditionally only downed strong liquor “to get a kick”. Bangalore has more than 25 thriving brewpubs — a pub with a small brewery …

India’s Supreme Court has asked the country’s markets regulator to start the process of selling some of embattled conglomerate Sahara’s real estate assets in the country to refund millions of investors in its illegal bonds, lawyers said on Tuesday. Sahara, a household name in India as the former main sponsor …

Dutch beer giant Heineken is likely to ask beleaguered Indian billionaire Vijay Mallya to step down from the board of United Breweries, India’s largest brewer, according to a Reuters report. Reuters quoted three insiders as saying that such a move would likely be a prelude to the Dutch drinks firm …

The Lion logo of Indian Prime Minister Narendra Modi’s ‘Make In India’ campaign was created by a US-based advertising giant, it was revealed today. The Times of India reports that the revelation was made by the country’s commerce and industry ministry following a Right to Information request made by “social …

Facebook founder Mark Zuckerberg today urged the Indian government to approve a controversial plan that would provide a free Internet service to the poor, his latest bid amid an escalating row with authorities. The head of the social network tried to drum up support for the Free Basics service that …