A surge in demand for gold ornaments and coins after the biggest slump in prices in three decades is poised to boost profit at Rajesh Exports Ltd., India’s largest manufacturer and exporter of jewelry.
Tata Sons Ltd. Chairman Cyrus Mistry, chasing his predecessor’s vision of boosting revenue fivefold in the next decade, is searching for a head of mergers and acquisitions, a person familiar with the plan said.
Oil & Natural Gas Corp. is set to lead India’s top state resources companies in paying a record dividend as Prime Minister Manmohan Singh seeks to use part of their $27 billion cash hoard to fund his government’s deficit.
Truck driver Sujan Singh should be delivering cars to Mumbai from Maruti Suzuki India Ltd.’s plant near New Delhi. Instead, he’s sitting at a roadside cafe by one of India’s busiest highways, waiting for the traffic to ease.
Indian stocks fell for the sixth day, with the benchmark index completing its worst weekly loss in 15 months, on concern political instability and limited room to cut interest rates will undermine efforts to revive growth.
India’s decision to allow life insurers to offer unit-linked plans, coupled with a state share- sale program, may raise investments in stocks by these companies to $25 billion this fiscal year, SMC Capitals Ltd. said.