The Indian government on Tuesday announced its list of cabinet ministers along with their portfolios, a day after Narendra Modi was sworn in as the new prime minister.
The benchmark BSE Sensex rose 2.4 percent this week as domestic-oriented stocks surged on hopes the incoming BJP government would keep up its promises to kick start an economy whose growth has dipped to its slowest in a decade.
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By Shyamantha Asokan
Nitin Gadkari is a top leader of India’s Hindu nationalist opposition party, which is forecast to emerge as the front-runner in the country’s mammoth general election. A series of opinion polls this year say that the Bharatiya Janata Party (BJP), led by prime ministerial candidate Narendra Modi, will win the biggest chunk of the 543 parliamentary seats up for grabs. Results are due on May 16.
As far as Vinod Hegde is concerned, Indian prime minister candidate Narendra Modi bears no responsibility for the 2002 Gujarat riots. More to the point, Hegde doesn’t care.
Kolkata-based Bandhan Financial was little known in India’s corporate arena. But a new banking licence from the Reserve Bank has given Managing Director Chandra Shekhar Ghosh and his 13,000 employees a reason to cheer.
Voting in the 2014 election begins on April 7. More than 814 million people — a number larger than the population of Europe — will be eligible to vote in the world’s biggest democratic exercise.
A busy street in Asia’s largest slum Dharavi leads to a quiet lane where Anita Leathers operates its colouring unit. As children play near shops that sell everything from mobile phones and garments to raw meat and sweets, the mood at the leather unit is sombre.
By Aditya Kalra and Sankalp Phartiyal
Indian shares posted record highs in March as strong foreign buying sent blue-chip stocks such as Larsen & Toubro higher and boosted overall investor sentiment ahead of a general election.