India’s finance minister said fiscal prudence will be a key budget theme next month and pledged to deepen an economic-policy overhaul by implementing a goods and services levy to spur commerce and widen the tax base.
Indian Prime Minister Manmohan Singh has embarked on the biggest gamble of his second term, pushing through policy changes opposed by members of his own coalition as he seeks to revive the economy and the fortunes of his embattled party.
Glam Media Inc., a provider of Internet-advertising services targeting women, named Jeanne Seeley as chief financial officer, adding an executive with experience at publicly traded companies including Apple Inc.
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.
Samir Arora, founder of hedge fund Helios Capital Management Pte., comments on Tata Sons Ltd. naming Cyrus P. Mistry, the son of its biggest shareholder, as successor to Chairman Ratan Tata. He spoke in a phone interview from Singapore.