India can sell 386 billion rupees ($6.3 billion) of shares in companies such as Axis Bank Ltd. and Larsen & Toubro Ltd. by March as it seeks to narrow the budget deficit, the head of JPMorgan Chase & Co.’s local unit said.
Standing beside his mother at the headquarters of India’s ruling Congress party after getting thumped in state elections two days ago, Rahul Gandhi again promised to overhaul the country’s oldest political vehicle.
India’s main opposition party won the most seats in four of five local elections held over the past month, giving it momentum before a 2014 national poll as voters punished Prime Minister Manmohan Singh’s ruling coalition.
U.S. President Barack Obama called Nelson Mandela’s life and legacy a touchstone for him and an example “that all humanity should aspire to,” as tributes from world leaders poured in for South Africa’s first post-apartheid president.
The first major agreement to update global trade rules in two decades moved nearer after the U.S. and India bridged differences over agriculture subsidies and food security, people familiar with the negotiations said.
India’s benchmark stock index will climb as much as 6 percent to a record by year-end if state election results this weekend confirm gains by the nation’s main opposition party, according to a Bloomberg survey.