Credit Munch

HSBC takes axe to 500 Asia-based jobs

Banking giant makes further redundancies, adding to widespread workforce cuts across the world's financial sector

India's richest lose $212bn as decoupling myth explodes

The latest rankings of India's mega-rich confirm what many suspected: that it has been a very bad year for the Bollygarchs

Bollygarch blues as India's mega-rich lose out

Mobile tycoon Anil Ambani is wealthiest man in India but the country's 40 richest men have lost a combined $212bn

EU to present plan to G20 summit

Finance ministers from the EU have agreed an 11-point 'checklist' to improve regulation and predict financial threats

London plunges after Asian rout

FTSE 100 drops sharply after panic selling sent Asian markets to five-year lows and the yen hit a 13-year high against the dollar

India prepares for wave of strikes

Many of India's fast-growing businesses are now dealing with the backlash of the downturn — and masses of angry workers

India's airlines prepare for turbulent patch

India's largest private sector airline axes nearly 2,000 jobs and reveals unprecedented cost-cutting pact with main rival

India's festival of lights unlikely to brighten retail

A stock market collapse, double-digit inflation and a tighter jobs market have left India's middle class feeling less wealthy

Asian stocks dive on emerging market fears

Trading screens showed a sea of red as the Nikkei 225 index in Tokyo fell to a more than four-year low

Nomura takes on Lehman's Indian IT businesses

Top Japanese broker boosts IT functions as it buys US bank's three Mumbai companies for an undisclosed sum

Tata dumps world's cheapest car plant

Following months of violent demonstrations from local landowners, the Indian conglomerate will look to relocate

Crunch creates cliffhanger for film industry

The collapse of credit markets and general economic gloom have forced some studios to look to Asia for future funding

Jaguar and Land Rover post $383m loss

Tata Motors, the Indian owner of Jaguar and Land Rover, said the luxury marques recorded a loss of $383m in six months

Kingfisher takes on BA with Bangalore route

Owner of the Indian beer company defies slowing economy and high oil prices with new service from the sub-continent

Factory riots put Tata's Nano in jeopardy

The future of the world's cheapest car remains in doubt as protestors besiege the partly built factory in West Bengal

Tata Nano at risk as factory siege continues

Tata says it is too dangerous to send workers to build factory as protestors ikeep up their seige on the site

Indian movie giant eyes UK's Reel cinemas

Pyramid Saimira Group is in talks to take control of Reel in a deal that would value the art-house chain at up to £30m

Indian protesters bring Nano factory to a halt

Tens of thousands vent anger over claims that 400 acres were illegally taken from small farmers and then sold to Tata

ONGC pips Sinopec in race for Imperial

London-listed oil explorer has recommended acceptance of the Indians' £1.4 billion takeover bid, worth £12.50 a share

Money has stopped growing on trees: Leo Lewis on Asia

The view from the palm oil plantation veranda is less than cheerful as China and India put brakes on consumption