News stories by Paranjoy Guha Thakurta

India’s Tata Motors, makers of the ‘cheapest car ever made’, say they have received more than a million bookings for the first batch of cars said to roll out of its factory in a few months.

India’s Tata Motors, makers of the ‘cheapest car ever made’, say they have received more than a million bookings for the first batch of cars said to roll out of its factory in a few months.

While the Indian economy has been relatively insulated from the international financial crisis, one particular sector that has been badly hit by the ongoing worldwide recession is the textiles and garments manufacturing industry.

Two of India’s wealthiest and most influential businessmen have raised a political storm by jarring public endorsements of controversial leader Narendra Modi as the world’s largest democracy’s next prime minister.

India’s government, its corporate sector and its people are stunned after the founder-chairman of one of the country’s largest information technology (IT) services companies admitted to years of falsified profits and an audacious financial fraud worth 1.5 billion dollars.