Items by By VIKAS BAJAJ
NYT > Business
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India Struggles to Dig Up Enough Fuel to Power Growth
Posted: April 19th, 2012, 9:32pm EDT by By VIKAS BAJAJ
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India cannot get enough fuel to run power plants, and the problem has contributed significantly to a second year of slowing economic growth in the country.
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India to Tackle Deficit but No Fix Is Offered for Slowing Economy
Posted: March 17th, 2012, 12:40am EDT by By VIKAS BAJAJ
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India’s finance minister, Pranab Mukherjee, said Friday that the country would raise taxes and slow spending growth in an effort to lower its swelling budget deficit.
NYT > Home Page
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New President of Maldives Meets With U.S. Envoy
Posted: February 11th, 2012, 3:02pm EST by By VIKAS BAJAJ
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Mohammed Waheed Hassan said he would support an independent investigation into the political turmoil that led to the resignation of his predecessor.
NYT > Business
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As Growth Slows, India Awakens to Need for Foreign Investment
Posted: February 8th, 2012, 12:27am EST by By VIKAS BAJAJ
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India’s central bank and economic analysts predict that growth will fall sharply to 7 percent this fiscal year and remain sluggish.
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Indian Supreme Court Cancels Wireless Licenses in Tainted Sale
Posted: February 2nd, 2012, 10:06am EST by By VIKAS BAJAJ
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The permits had been sold at below-market prices in 2008, a controversy that became the rallying cry for a large anti-corruption movement that dominated the public debate in India last year.
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Starbucks to Open First Indian Store This Autumn
Posted: January 30th, 2012, 12:27pm EST by By VIKAS BAJAJ
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Starbucks, the popular American coffee retailer, plans to open its first store in India in September through a joint venture with Tata Global Beverages.
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Rule Change Would Allow Some Foreign-Owned Stores to Open in India
Posted: January 11th, 2012, 1:01am EST by By VIKAS BAJAJ
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The government said it would allow foreign retailers who sell just one brand of products to open wholly-owned stores in India, up from a maximum of 51 percent ownership now.
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In Solar Power, India Begins Living Up to Its Own Ambitions
Posted: December 28th, 2011, 10:02pm EST by By VIKAS BAJAJ
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Two years ago, India said it would drastically increase its use of solar power by 2020. Many analysts said it couldn’t be done. Now they aren’t so sure.
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Philippines Overtakes India as Hub of Call Centers
Posted: November 25th, 2011, 11:40pm EST by By VIKAS BAJAJ
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Many companies have moved their customer service lines to Manila to take advantage of workers who speak lightly accented English and are familiar with American culture.
NYT > Home Page
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Philippines Overtakes India as Hub of Call Centers
Posted: November 25th, 2011, 11:40pm EST by By VIKAS BAJAJ
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Many companies have moved their customer service lines to Manila to take advantage of workers who speak lightly accented English and are familiar with American culture.
NYT > Business
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With Economy Slowing, the Indian Rupee Tumbles
Posted: November 25th, 2011, 11:12pm EST by By VIKAS BAJAJ
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The rupee, which has fallen nearly 14 percent against the dollar since August, rose only slightly after the Cabinet voted Thursday to allow foreign retailers to invest in stores in the country.
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Indian Central Bank Signals Pause After Raising Rates
Posted: October 25th, 2011, 7:53am EDT by By VIKAS BAJAJ
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The central bank governor said that the likelihood of another rate increase in December, during the bank’s next policy review, was now “relatively low.”
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With No Amazon as a Rival, FlipKart Moves Fast in India
Posted: September 15th, 2011, 2:48am EDT by By VIKAS BAJAJ
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Online retailers in India are going to great lengths to gain customers by allowing them to pay in cash on delivery and by fielding couriers to help ensure quick shipments.
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India Measures Itself Against a China That Doesn’t Notice
Posted: August 31st, 2011, 12:57pm EDT by By VIKAS BAJAJ
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Measuring economic development against China seems to be a national obsession in India.
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India's Economic Expansion Slows in Second Quarter
Posted: August 31st, 2011, 2:20am EDT by By VIKAS BAJAJ
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Gross domestic product growth in India fell to 7.7 percent, the government reported Tuesday.
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Now Lobbying for a Poor Indian State
Posted: June 11th, 2011, 1:06am EDT by By VIKAS BAJAJ
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Amit Mitra, whose party defeated a communist coalition, is the point man for one of India’s biggest economic challenges.
NYT > Health
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Resistance to Jaitapur Nuclear Plant Grows in India
Posted: April 14th, 2011, 11:28am EDT by By VIKAS BAJAJ
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As a nuclear disaster unfolds in distant Japan, a growing number of Indian scientists, academics and others have expressed concern about plans for a coastal nuclear plant.
NYT > Business
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Resistance to Jaitapur Nuclear Plant Grows in India
Posted: April 14th, 2011, 11:20am EDT by By VIKAS BAJAJ
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As a nuclear disaster unfolds in distant Japan, a growing number of Indian scientists, academics and others have expressed concern about plans for a coastal nuclear plant.
NYT > Home Page
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Resistance to Jaitapur Nuclear Plant Grows in India
Posted: April 14th, 2011, 11:13am EDT by By VIKAS BAJAJ
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As a nuclear disaster unfolds in distant Japan, a growing number of Indian scientists, academics and others have expressed concern about plans for a coastal nuclear plant.
NYT > Business
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Skipping Rote Memorization in Indian Schools
Posted: February 18th, 2011, 12:53am EST by By VIKAS BAJAJ
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A project is trying to change how students are taught and tested in a country where rote memorization is the norm.
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A Warning as Markets Cool in Asia
Posted: January 13th, 2011, 12:13am EST by By VIKAS BAJAJ
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Inflation and corruption remain problems in India and some other Asian countries where stock markets have attracted Western investors.
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Microlenders, Honored With Nobel, Are Struggling
Posted: January 6th, 2011, 11:44am EST by By VIKAS BAJAJ
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As with other initiatives meant to alleviate poverty on a large scale, turning rhetoric into success has been hard.
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DealBook: Buyout Baron Henry Kravis to Take Gentler Approach in India
Posted: January 6th, 2011, 10:20am EST by By VIKAS BAJAJ
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The co-founder of K.K.R. say that business is on the upswing again after two "terrible" years and that India is "a very important part" of the firm's future.
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Summers Praises Indian Approach to Economic Development
Posted: October 15th, 2010, 2:50pm EDT by By VIKAS BAJAJ
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Lawrence H. Summers, one of President Obama’s economic advisers, praised India’s people-centric economic system in a speech in Mumbai on Friday.
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India a Hit for Foreign Investors
Posted: October 13th, 2010, 8:18pm EDT by By VIKAS BAJAJ
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The problems in Western economies may actually benefit emerging nations like India as investors look for growth opportunities.
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Microlender Says Chief Was Ousted Over ‘Differences’
Posted: October 12th, 2010, 2:15pm EDT by By VIKAS BAJAJ
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The ouster of the chief executive, Suresh Gurumani, came shortly after SKS Microfinance raised $350 million in an initial public stock sale.
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Indian Economy Accelerating
Posted: August 31st, 2010, 4:06am EDT by By VIKAS BAJAJ
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Sharp increases in manufacturing, mining and services helped the country grow at a rate of 8.8 percent in the three months that ended in June, its fastest pace in more than two years.
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A High-Tech Titan Plagued by Potholes
Posted: August 26th, 2010, 1:10am EDT by By VIKAS BAJAJ
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India, which is flooded with software engineers, lacks skilled professionals interested in overhauling the nation’s decaying highways, power plants and railroads.
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India May Be Near Resolution of BlackBerry Dispute
Posted: August 17th, 2010, 10:35pm EDT by By VIKAS BAJAJ
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Wireless phone companies, government officials and Research in Motion, have been figuring out details of how monitoring encrypted e-mail would work.
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SKS Microfinance Raises $350 Million in I.P.O.
Posted: August 16th, 2010, 1:56pm EDT by By VIKAS BAJAJ
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The strong showing for SKS Microfinance, the first microfinance company to sell stock to the public in India, is expected to encourage other lenders to prepare initial public offerings.
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India Warns It May Block BlackBerry Traffic
Posted: August 13th, 2010, 2:56am EDT by By VIKAS BAJAJ
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India indicated it would block corporate e-mail and messenger services if authorities were not able to monitor the service before the end of the month.
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Garment Factories, Changing Women's Roles in Poor Countries
Posted: July 22nd, 2010, 1:06am EDT by By VIKAS BAJAJ
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By giving women an independent source of livelihood, Bangladesh's garment industry has changed this conservative Muslim country's society in immeasurable ways.
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India’s Clogged Rail Lines Stall Economic Progress
Posted: June 16th, 2010, 7:41am EDT by By VIKAS BAJAJ
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Economists say India must invest more heavily in transportation to achieve its ambitions for growth.
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Indian Cricket King Suspended
Posted: April 26th, 2010, 6:50am EDT by By VIKAS BAJAJ
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Sports officials suspended the founding commissioner of a league and asked him to respond to allegations including charges that he rigged auctions.
NYT > Sports
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Indian Cricket King Suspended
Posted: April 26th, 2010, 6:50am EDT by By VIKAS BAJAJ
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Sports officials suspended the founding commissioner of a league and asked him to respond to allegations including charges that he rigged auctions.
NYT > Business
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Spammers Paying Others to Solve Captchas
Posted: April 26th, 2010, 12:59am EDT by By VIKAS BAJAJ
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The work is attractive enough to lure young people in developing countries to decipher tests known as captchas.
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A Tax Inquiry Jolts the World of Indian Cricket
Posted: April 24th, 2010, 12:40am EDT by By VIKAS BAJAJ
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Lalit Kumar Modi created and is the commissioner of the Indian Premier League, which was searched by tax agents this week.
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Mumbai Oberoi Hotel Reopens Grander Than Before
Posted: April 21st, 2010, 3:54am EDT by By VIKAS BAJAJ
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Devastated by a terrorist attack in November 2008 that killed 163 people, the Oberoi has reopened as a proud luxury hotel.
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Looking to Expand in India, Wal-Mart Goes to the Farm
Posted: April 12th, 2010, 4:01pm EDT by By VIKAS BAJAJ
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Establishing good relations with farmers is a centerpiece of the company’s expansion strategy, because Wal-Mart needs high-quality produce at low prices to attract customers.
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India’s Woes Reflected in Bid to Restart Old Enron Plant
Posted: March 23rd, 2010, 9:17am EDT by By VIKAS BAJAJ
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A former Enron plant is a monument to India’s corruption, cronyism and weak economic policies, all impediments to the country’s development.
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As India Sells Assets, Political Tensions Rise
Posted: February 24th, 2010, 9:23pm EST by By VIKAS BAJAJ
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New Delhi needs cash from asset sales to finance projects like roads and schools, but political parties oppose selling shares in public companies.
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A Sri Lankan Underdog Battles Global Tea Giants
Posted: January 9th, 2010, 12:41am EST by By VIKAS BAJAJ
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Facing competition from global tea giants, a tea grower has followed other Sri Lankan businesses in becoming a specialist producer of exclusive products.
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Heart-Stopping Fall, Breathtaking Rally
Posted: December 31st, 2009, 1:51am EST by By VIKAS BAJAJ
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In one of the most volatile years in stock market history, a rally replenished half the losses from the financial crisis.
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In India, Anxiety Over the Slow Pace of Innovation
Posted: December 9th, 2009, 4:49am EST by By VIKAS BAJAJ
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Indians fret that Bangalore, and India more broadly, will remain a low-cost satellite office of the West, rather than a hotbed of entrepreneurship.
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More Memorable, Perhaps, by the Name Johnn Doe?
Posted: December 5th, 2009, 12:43am EST by By VIKAS BAJAJ
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Numerologists in India offer advice that uses mathematical formulas, and market themselves through infomercials, or writing newspaper columns or with Web sites.
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Nissan Chief Plans a Low-Cost Car for India
Posted: November 11th, 2009, 1:49am EST by By VIKAS BAJAJ
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The car, to be built by an Indian scooter and rickshaw manufacturer, will compete with the $2,500 Nano from Tata Motors.
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Trade Talks to Resume, but Divides Remain
Posted: September 4th, 2009, 7:49am EDT by By VIKAS BAJAJ
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The New Delhi gathering resulted in an agreement to resume the so-called Doha round discussions, but India, Brazil and the U.S. revealed little change to their positions.
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India Gets Caught Short as Sugar Prices Soar
Posted: August 4th, 2009, 9:35pm EDT by By VIKAS BAJAJ
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To meet growing demand, India will probably have to import 20 to 30 percent of the sugar it needs in the current fiscal year.
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I.P.O.’s Are Making a Comeback in India
Posted: July 31st, 2009, 3:05pm EDT by By VIKAS BAJAJ
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As stock markets improve, investment bankers seek out foreign and domestic capital.
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In India, New Life for Comic Books as TV Cartoons
Posted: July 19th, 2009, 10:48pm EDT by By VIKAS BAJAJ
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A former McKinsey consultant hopes his company can tell traditional stories from India to a new generation of children.
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Bollywood Settles Dispute With Theater Owners
Posted: June 6th, 2009, 2:27am EDT by By VIKAS BAJAJ
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A deal is reached on the sharing of ticket revenue, ending a two-month dispute and paving the way for new Hindi movie releases next week.
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Tata Motors to Offer Lineup of Bigger Trucks
Posted: May 29th, 2009, 12:35am EDT by By VIKAS BAJAJ
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Tata Motors’ new line of commercial trucks will have newer roads and bridges to run on in India.
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Financier Invests Cautiously in India
Posted: April 28th, 2009, 1:59am EDT by By VIKAS BAJAJ
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Henry Kravis says his firm, Kohlberg, Kravis & Roberts, believes in “the future of India,” but will not be in a rush to invest there.
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Has the Economy Hit Bottom Yet?
Posted: March 14th, 2009, 5:18pm EDT by By VIKAS BAJAJ
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And when we do hit bottom — this year or years from now — how will we know? There’s no easy answer, but stocks, home prices and consumer spending are valuable indicators.
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A Gloomy Outlook for Home Sales’ Big Season
Posted: March 7th, 2009, 8:13am EST by By VIKAS BAJAJ
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Despite signs of recovery in hard-hit areas, the broader market is far from its nadir, economists say.
NYT > Home Page
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A Gloomy Outlook for Home Sales’ Big Season
Posted: March 7th, 2009, 8:13am EST by By VIKAS BAJAJ
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Despite signs of recovery in hard-hit areas, the broader market is far from its nadir, economists say.
NYT > Business
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After Sure-Bet Investment Fails, a Bank Contends It Was Duped
Posted: January 20th, 2009, 1:42am EST by By VIKAS BAJAJ
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A court battle between M&T and Deutsche Bank demonstrates the arguments over who should pay for the collapse of collateralized debt obligations.
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Markets Limp Into 2009 After a Bruising Year
Posted: January 1st, 2009, 12:53am EST by By VIKAS BAJAJ
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On Wall Street, about $7 trillion of shareholders’ wealth — the gains of the last six years — was wiped out in 2008.
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Fund Investors Sue Countrywide Over Loan Modifications
Posted: December 1st, 2008, 10:16pm EST by By VIKAS BAJAJ
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A hedge fund sued the Countrywide Financial Corporation, demanding that it compensate holders of some securities backed by mortgages if the terms were changed.
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U.S. Vows More Help for Homeowners
Posted: October 23rd, 2008, 11:32pm EDT by By VIKAS BAJAJ
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The government said it would help homeowners by insuring against losses on some modified loans.
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Joint U.S.-New York Inquiry Into Credit-Default Swaps
Posted: October 20th, 2008, 2:02am EDT by By VIKAS BAJAJ
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Prosecutors are looking at whether traders manipulated the market for credit-default swaps to drive down the price of financial shares over the last year.
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Whiplash Ends a Roller Coaster Week
Posted: October 10th, 2008, 10:30pm EDT by By VIKAS BAJAJ
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For three straight days, the stock market collapsed in the last hour of trading. On Friday, it merely swooned.
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Stocks Plunge Again; Dow Under 8,600
Posted: October 9th, 2008, 10:13pm EDT by By VIKAS BAJAJ
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A late-day decline again pushed the markets down sharply, with the Dow falling more than 600 points a year to the day after hitting its record high.
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Forget Logic; Fear Appears to Have Edge
Posted: October 8th, 2008, 7:31am EDT by By VIKAS BAJAJ
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The markets have become a case study in crowd psychology, experts say, as investors seem to be selling first and asking questions later.
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Plan’s Basic Mystery: What’s All This Stuff Worth?
Posted: September 25th, 2008, 2:23am EDT by By VIKAS BAJAJ
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Even Wall Street is struggling to put a price on the troubled investments at the heart of the financial crisis.
NYT > Home Page
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Plan’s Basic Mystery: What’s All This Stuff Worth?
Posted: September 25th, 2008, 2:23am EDT by By VIKAS BAJAJ
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Even Wall Street is struggling to put a price on the troubled investments at the heart of the financial crisis.
NYT > Business
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Wall St. Goliath Teeters Amid Fear of Wider Crisis
Posted: September 14th, 2008, 8:44am EDT by By VIKAS BAJAJ
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As Lehman Brothers sought a buyer, officials moved to stop a downward spiral threatening other institutions.
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U.S. Holds the Whip Hand in Modifying Mortgages
Posted: September 13th, 2008, 1:44am EDT by By VIKAS BAJAJ
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Regulators are walking a fine line between protecting the government from losses and helping struggling homeowners and the broader economy, according to financial and political analysts.
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Communities Become Home Buyers to Fight Decay
Posted: August 26th, 2008, 12:20pm EDT by By VIKAS BAJAJ
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Several big cities are using tax dollars and private funds to buy and refurbish foreclosed properties to help declining neighborhoods survive.
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Mechanism for Credit Is Still Stuck
Posted: August 13th, 2008, 1:11am EDT by By VIKAS BAJAJ
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Until securitization revives, many experts say that borrowers seeking mortgages, student loans and car loans will continue to see interest rates rise.
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Housing Lenders Fear Bigger Wave of Loan Defaults
Posted: August 4th, 2008, 2:52am EDT by By VIKAS BAJAJ
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Homeowners with good credit are falling behind on their payments in growing numbers, just as the problems with subprime mortgages have begun to level off.
NYT > Home Page
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Housing Lenders Fear Bigger Wave of Loan Defaults
Posted: August 4th, 2008, 2:52am EDT by By VIKAS BAJAJ
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Homeowners with good credit are falling behind on their payments in growing numbers, just as the problems with subprime mortgages have begun to level off.
NYT > Business
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Connecticut Accuses 3 Ratings Firms of Slighting Government Debt
Posted: July 31st, 2008, 2:45am EDT by By VIKAS BAJAJ
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The attorney general of Connecticut accused the nation’s three big ratings firms of systematically underrating debt issued by local and state governments.
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Woes Afflicting Mortgage Giants Raise Loan Rates
Posted: July 23rd, 2008, 1:27am EDT by By VIKAS BAJAJ
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The troubles at Fannie Mae and Freddie Mac could deal another blow to the housing market, as higher interest rates make it harder to refinance existing debts.
NYT > Home Page
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Woes Afflicting Mortgage Giants Raise Loan Rates
Posted: July 23rd, 2008, 1:27am EDT by By VIKAS BAJAJ
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The troubles at Fannie Mae and Freddie Mac could deal another blow to the housing market, as higher interest rates make it harder to refinance existing debts.
NYT > Business
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Moody’s Says Workers Overrated Some Securities
Posted: July 1st, 2008, 2:12pm EDT by By VIKAS BAJAJ
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Already under scrutiny for its role in the credit crisis, the Moody’s Corporation said that some employees violated its code of conduct in rating some complex European securities.
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Market Place: At Midyear, the Economic Pain Persists
Posted: July 1st, 2008, 12:12am EDT by By VIKAS BAJAJ
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More than a year after the credit crisis first flared, the financial industry seems to be caught in a vicious circle.
NYT > Home Page
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Market Place: At Midyear, the Economic Pain Persists
Posted: July 1st, 2008, 12:12am EDT by By VIKAS BAJAJ
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More than a year after the credit crisis first flared, the financial industry seems to be caught in a vicious circle.
NYT > Business
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Study Finds Disparities in Mortgage Fees
Posted: May 29th, 2008, 11:03pm EDT by By VIKAS BAJAJ
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Minorities and people without college degrees pay more in mortgage fees than do white applicants and those with a higher education, according to a study.
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In Housing, the Strong Turn Weak
Posted: May 27th, 2008, 8:34pm EDT by By VIKAS BAJAJ
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The home-buying season is shaping up to be even worse than expected, with prices falling, sales slowing and few signs of a turnaround.
NYT > Home Page
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In Housing, the Strong Turn Weak
Posted: May 27th, 2008, 8:34pm EDT by By VIKAS BAJAJ
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The home-buying season is shaping up to be even worse than expected, with prices falling, sales slowing and few signs of a turnaround.
NYT > Business
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Contractors Are Kept Busy Maintaining Abandoned Homes
Posted: May 27th, 2008, 2:21am EDT by By VIKAS BAJAJ
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It can take months, even years, for some homes to wind through the foreclosure process, and decay sets in.
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Mortgage Holders Find It Hard to Walk Away From Their Homes
Posted: May 10th, 2008, 12:36am EDT by By VIKAS BAJAJ
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The blogosphere is full of tales of homeowners who supposedly are choosing to mail the house keys to their lenders rather than keep their depreciating homes, but this remains a rare occurrence.
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Inquiries Into Auction-Rate Securities Widen
Posted: April 18th, 2008, 1:41am EDT by By VIKAS BAJAJ
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The attorney general of New York, Andrew M. Cuomo, has subpoenaed 18 banks that underwrote and brokered the investments. -
Report Assails Auditor for Work at Failed Home Lender
Posted: March 26th, 2008, 6:24pm EDT by By VIKAS BAJAJ
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“Improper” practices by New Century Financial were condoned and enabled by KPMG, according to an independent investigation.
NYT > Home Page
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Report Assails Auditor for Work at Failed Home Lender
Posted: March 26th, 2008, 6:24pm EDT by By VIKAS BAJAJ
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“Improper” practices by New Century Financial were condoned and enabled by KPMG, according to an independent investigation.
NYT > Business
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Plunge Averted, Markets Look Ahead Uneasily
Posted: March 18th, 2008, 2:56am EDT by By VIKAS BAJAJ
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Nervousness pervaded Wall Street despite the efforts by the Federal Reserve to restore order within the financial system.
NYT > Home Page
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Plunge Averted, Markets Look Ahead Uneasily
Posted: March 18th, 2008, 2:56am EDT by By VIKAS BAJAJ
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Nervousness pervaded Wall Street despite the efforts by the Federal Reserve to restore order within the financial system.
NYT > Business
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Bill to Propose Expanded U.S. Backing of Home Loans
Posted: March 13th, 2008, 12:58am EDT by By VIKAS BAJAJ
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Representative Barney Frank, Democrat of Massachusetts, is expected to offer a plan on Thursday that would provide federal backing to hundreds of thousands of home loans. -
As Foreclosures Rise, Investors Pull Back
Posted: March 7th, 2008, 12:51am EST by By VIKAS BAJAJ
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The figures are expected to increase pressure on policy makers and the mortgage industry to move faster to contain losses and help homeowners.