Exposure to overseas credit derivatives takes a toll on Indian banks.

FM's 7 indicators of green shoots in the Indian economy

Has the FM done enough to address the potential impact of a US recession on India, exporters reined in by an appreciating rupee and investors caught out by volatile markets?

Sovereign funds are the latest rage in global financial markets. Most recently, such governmentowned funds (hence, the ‘sovereign’ tag) from Singapore (Temasek), Kuwait (Kuwait Investment Authority), and South Korea (Korea Investment Corp.) were responsible for bailing out America’s ‘subprime-hit’ banking giants such as Citigroup and Merrill Lynch.

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

Yaga Venugopal Reddy has always kept his calm in uneasy situations.

Successive cuts in the US short-term rate have created a huge arbitrage opportunity for foreign investors to park their money in India’s safe haven debt market where they also have the scope to make profits if the rupee appreciates further against the US dollar.

Government issued oil bonds worth Rs 11,257 crore to IOC, HPCL and BPCL to compensate them for under-recoveries arising out of the mismatch between global crude oil prices and domestic retail prices.

The Budget that changed our lives

 The amount raised by companies through public issues in 2007, according to Prime Database and Bloomberg

Stereotypes are easy to form but notoriously hard to break. So, when one thinks of the typical Chennai man, the image that most comes to mind is of one dressed in veshti, vibhuti smeared across his forehead, extremely conservative in his outlook and, of course, partial to rice—with sambar, ideally.

Idle funds are bad for business, and worse still for the economy. Finance Minister P. Chidambaram has finally sorted out the issues to set aside a portion of the swelling foreign exchange reserves for developing the country’s weak infrastructure.

By one estimate, some 365 new hotels will open in the country by 2011. As in other industries, many of the announcements will remain just that. But that’s not the only reason why the Oberoi Group, which runs the Oberoi chain of hotels, is taking it cool.

Events that rocked the world of economy. Satyam Computer Services acquires UK-based Nitor Global Solutions; the volume on the Indian foreign exchange market surges to $34 billion...

It couldn't have been a better day to have a panel discussion on the prospects for the Indian stock markets. The benchmark Sensex on the Bombay Stock Exchange has just shattered all records by recording its highest ever single-day gain of 789 points to hurtle past 18,000. Are we moving too fast?

After much coaxing and months of discussion, the Government of India is finally veering around to the idea of using its overflowing forex coffers to finance the humongous investment needs of the infrastructure sector.

Unprecedented wealth creation in the last few years has not just pushed up the number of wealthy individuals in India, but it has managed to change some of the consuming and investing behaviour of this privileged and distinguished lot.

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

Tarun Sheth answers queries related to your career.

It's well known for its insurance ventures with the Tatas (and arguably better known for being Manchester United's principal sponsor). Now, however, the world's largest insurer is going the whole hog in the Indian financial services arena, with forays into mutual funds, real estate funds, mortgage guarantee and asset reconstruction.