Sitting in his Chennai office, Rafeeque Ahmad, Chairman, Farida Group, a leather shoe exporter, is a worried man. The appreciation of the rupee against the dollar has severely eroded the profit margins of his company, forcing him to contemplate drastic measures like reducing his workforce.

Indian bankers seem to be taking a cue from US Federal Reserve Governor Ben Bernanke who slashed the short-term US rate for the first time in four years by 50 basis points to 4.75 per cent in September.

Even as overseas funds continue to rush into India, Indians themselves are wondering what is happening to the economy?

Every month, we bring you a listing of the biggest deals struck by Indian companies in India and abroad. Our partner: global professional services firm Ernst & Young. Here are the deals that were struck in September 2007.

From contract farmers to corporate yuppies and even engineers, everyone is clambering on to the winewagon.

A bird’s eye view of what’s hot and what’s not on the government’s policy radar.

Knowledge is no substitute for native intelligence. Or so it appears, when one takes a look at the goings-on in the wheat business in the country.

Well, actually, transaction banking never went anywhere. Only, banks are rediscovering its virtues now—steady income, absence of volatility and predictability.

Old Agra’s once-famed footwear makers seem to be caught in a time warp from which they are finding it difficult to escape.

A bird's eye view of what's hot and what's not on the government's policy radar.

The rising rupee and unbridled competition from China and Bangladesh have forced players like Gokaldas Exports to sell out. What does the future hold for the textile and garment exporters?

A bird's eye view of what's hot and what's not on the government's policy radar.

The prices of several popular consumer imports, particularly electronics, have not declined in tandem with the rising rupee.

The Reserve Bank directive on external commercial borrowings (ECBs) by Indian companies has only eased up the frowns of the IT industry a wee bit.

A shake-out amongst the tier-ii it firms was always on the cards, but the recent bout of rupee appreciation against the dollar would appear to be hastening that eventuality.

Y.V. Reddy is finessing his strategy to control inflation without sacrificing growth.