Reserve Bank of India (RBI) Governor Urjit Patel attends a news conference after the bimonthly monetary policy review in Mumbai, December 7, 2016. REUTERS/Danish Siddiqui

RBI unexpectedly holds rates amid cash crunch

The Reserve Bank of India (RBI) unexpectedly kept its key policy rate unchanged at 6.25 percent on Wednesday, despite calls for action in the face of an intense cash shortage that threatens to slam the brakes on the world's fastest-growing large economy.

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ONGC exploring swap deals to import gas from Myanmar

NEW DELHI A unit of Oil and Natural Gas Corp Ltd (ONGC) is in early talks with Gazprom for supply of natural gas through a complex swap involving Russia, China and Myanmar, the head of the unit said on Wednesday.

Sun Pharma says U.S. finds more concerns at Halol plant

MUMBAI Sun Pharmaceutical Industries Ltd , India's largest drugmaker, said on Wednesday the U.S. health regulator has informed the company of more concerns found at its Halol manufacturing plant after a recent inspection.

Rahane out of series, Shami doubtful for Mumbai

MUMBAI India middle-order batsman Ajinkya Rahane has been ruled out of the last two tests against England with a fractured finger while fast bowler Mohammed Shami is also doubtful for the fourth match at the Wankhede Stadium, beginning on Thursday.



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