The largest overseas bet on Indian consumers is spurring speculation that companies from Nestle SA to Colgate-Palmolive Co. will pursue more deals in a nation where household income is forecast to triple this decade.
The plunge and rebound in Indian stocks that pushed the S&P CNX Nifty Index down 16 percent in eight seconds underscored concern about financial markets.
United Spirits Ltd. surged by a record in Mumbai trading after Diageo Plc said it will buy a controlling stake in India’s largest distiller for $2.04 billion.
It’s the retail revolution that wasn’t.
Indian stocks dropped for a fourth day in a shortened trading session amid concern a slowdown in the economy will hurt corporate earnings.
"We may get a rate cut next month because of the slump in global commodity and oil prices but the market is not getting the confidence because the rout has raised questions on global growth."
- Arun Kejriwal on Jan 13, 2015