Most advanced economies progressed from the green revolution to the industrial revolution and then onto the services revolution. India, however, flew over the industrial revolution.

Indians in greater numbers are starting to understand what luxury means, and they have the attitude and the money to buy it and flaunt it.

US-based Hewlett-Packard's (HP) India unit has won a stay against Customs Department order asking the computer manufacturer to pay $386 million in alleged duty evasion.

Political considerations appear to be throwing the government's price decontrol experiment off course. Price revisions seem to be dictated by political rather than economic calculations.

As a setback to exporters, shipments of 1,100 items will be entitled to lower tax refunds from October 1 when curtains draw on the popular DEPB scheme.

The whole world is a market for those who have the money and the inclination. There are a few roadblocks that can be easily overcome with the help of some tips and tricks.

Ruling out any rollback of the recent hike in prices of petroleum goods, Finance Minister Pranab Mukherjee says the decision to cut duties would not impact the fiscal deficit of the Indian government.

During the past week, the Bombay Stock Exchange key index Sensex went up 370.15 points, or 2 per cent, to end the week at 18,240.68.

In the steepest hike ever, state-owned oil companies increase petrol price by about Rs 5 per litre. The hike comes a day after election results of five state assemblies were announced.

The Budget affects the way we earn, spend, save and invest, but its heavy jargon often makes it difficult to understand how it impacts us. We simplify the text, as well as the context, to help you grasp it.

...There must be smuggling. Indian-made cigarettes, the #1 FMCG, are facing a tidal wave of smuggled imports that get away without paying killer excise rates.

The economy is slowing down, foreign investors have turned wary, and there is an election to be won next year. So, will Finance Minister P. Chidambaram script Budget 2008 for votes or growth? Shalini S. Dagar tells us what we can expect this year.  Full coverage: Budget 2008-09