Aditya Puri, the longest-serving head of an Indian bank, avoids e-mail and doesn’t carry a mobile phone. That hasn’t stopped HDFC Bank Ltd. from becoming the country’s second-biggest lender by market value.
Prime Minister Manmohan Singh failed to win passage of his anti-corruption bill as an uproar broke out in India’s upper house of parliament, capping a year of setbacks that stirred concern over a wrecked economic agenda.
Glam Media Inc., a provider of Internet-advertising services targeting women, will pay about $150 million to acquire social-networking site Ning Inc., according to two people familiar with the transaction.
Mumbai’s luxury Taj Mahal Palace & Tower, favored by royalty, rock stars and tycoons, is opening its century-old heritage rooms almost two years after terrorists attacked guests and staff and set fire to the hotel.
Coal India Ltd. , the world’s biggest producer of the fuel, received 13.9 billion rupees ($314 million) of bids at the upper end of the price range in the first hour of the nation’s biggest initial share sale.
India’s busiest quarter for real estate share sales in three years may falter after a corruption probe into loans to developers triggered a slide in stocks, the nation’s top arranger for initial offerings said.