News Stories

Emerging markets face capital flight risk: Morgan Stanley
The bank industry panic that has devastated developed economies could cause capital inflows into emerging markets to fall by a quarter, increasing the risk of a global recession and even a currency crisis, Morgan Stanley strategists said on Friday.

Large retailers to ‘triple market share in India’ by 2015
India’s largely “mom and pop” retail market will be transformed during the next seven years by the creation of an organised sector with 300m customers, McKinsey, the management consultant, predicted on Thursday.

Global leaders seek PM's expertise to salvage financial crisis
With the world gripped in financial crisis, the expertise of Prime Minister Manmohan Singh, a highly acclaimed economist, was much in demand as he met various leaders, including US President George Bush. Every leader the Prime Minister met sought his opinion on how to deal with the financial meltdown, officials said.