The government likes to point to the booming stock market as evidence of Shining India. But the boom has been driven overwhelmingly by foreign institutional investors (FIIs). They poured in a record $7.6 billion in 2003 and another $4.12 billion […]

Biotechnology has made Kiran Shaw Mazumdar the richest woman in India . The public issue of her biotechnology company, Biocon, debuted in the stock market this week at Rs 312 and quickly soared to Rs 580. Her personal stake in

Biotechnology has made Kiran Shaw Mazumdar the richest woman in India . The public issue of her biotechnology company, Biocon, debuted in the stock market this week at Rs 312 and quickly soared to Rs 580. Her personal stake in

Believers in India Shining will be delighted that GDP grow-th in October-December was 10.4 per cent. Even allowing for the artificial boost given by a good monsoon, India seems to be in the fast lane. It’s all thanks to Vajpayee,

The US is designating Pakistan as a major non-NATO ally. This has dismayed many Indians, who sneer that the US is irredeemably pro-Pakistan. In fact, we should hope fervently that Pakistan does become a major US ally against Islamic terror.

There is a huge difference between the public interest and what the public is interested in. The Supreme Court needs to make this distinction when giving its verdict on the dispute between Ten Sports and Doordarshan on broadcasting the India-Pakistan

Many ceremonies recently marked the 35th death anniversary of C N Annadurai, first DMK chief minister of Tamil Nadu. He is remembered mainly for ending Congress hegemony and Brahmin supremacy in the state. But today we should see him in

Why are some nations rich and some poor? Important lessons come from Haiti, the Caribbean country whose democratically-elected President Aristide fled last week after rioting against his misrule. Haiti is the poorest country in Latin America. But two centuries ago,