Last month, Tata Housing launched 1,000 Nano homes – Shubh Griha in Boisar, Mumbai. Within three weeks, over 15,000 forms were purchased by customers through the Tata Housing offices across India as well as from 12 State Bank of India branches across Mumbai and Micro Housing Finance Corporation. Encouraged by the demand, the company increased the number of flats on offer from 1,000 to 1,300...

Don’t blame the Budget. A global downturn is on

Two issues back, we had suggested that the market was about to crack (Moneylife, 2nd July). Also, for a three-year record of our calls, please see pages 42-43. Since then, the market has given up about 1,500 points and is headed down. While investors are looking accusingly at Pranab Mukherjee and his unexciting Budget as the cause for the...