A lengthy string of electoral losses will not keep Rahul Gandhi from being promoted to become Congress chief in October, the party has decided today at a meeting of its top leaders held at the home of Mr Gandhi’s mother, Sonia, who is the Congress president. Mr Gandhi, 46, has long been assured by the Congress that the top job is his for the taking. The party is obliged to […]

 For Rohan Sharma, business has never been better. Sales at his autoparts company in Gujarat are booming and the order book has almost doubled in the past year.    His Bhagirath Coach & Metal Fabricators has just invested nearly $120,000 in new machinery and plans to spend up to $1.2 million this year to expand capacity.  That’s an encouraging sign for Asia’s third-largest economy, where stressed balance sheets at big […]

  As the deadline for the first payment tranche ends today, global markets are in a state of flux. Fears of Greek exit from the EU and uncertainty about the outcome of the referendum that the Greek Govt has decided to hold on July 5 has resulted in wide spread risk aversion and flight to safety across global markets. From Japan to US, the risk of contagion and the strategies […]

  VANCOUVER – Vancouver’s economy could suffer a $1.2-billion blow in the case of a major oil spill caused by Kinder Morgan’s Trans Mountain pipeline expansion, concludes a new report released by the city. The report, conducted by the University of B.C.’s Fisheries Economics Research Unit, examined the potential economic costs of a 16-million litre spill in Burrard Inlet, the body of water bordering to the city that is busy […]

If you saw Guru Dutt sulk in Pyaasa (The Thirsty, 1957) on the arrogance of the rich, you can blame it on the Nehruvian economic model that focused on industrialization with the Second Five-Year Plan that began in 1956. In the same year, we had a more optimistic  Naya Daur (New Age),in which Dilip Kumar plays a tongawalla who takes on the threats posed by the arrival of the bus. The […]