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A worker pushes a wheelbarrow inside the Reserve Bank of India (RBI) head office in Mumbai, India, April 5, 2016. REUTERS/Danish Siddiqui/File Photo

Bad loans may rise to 8.5 percent by March 2017 - RBI

Gross bad loans at Indian banks may rise to 8.5 percent of total assets by March 2017 from 7.6 percent in March 2016 if the central bank orders them to conduct a second round of asset quality reviews, a Reserve Bank of India (RBI) report said on Tuesday.

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Sensex rises on monsoon hopes, but volumes thin

Indian shares rose on Tuesday as the good progress of monsoon rains lifted consumer goods makers such as Hindustan Unilever that depend on the rural economy, though trading volumes were thin due to continued concerns about the Brexit fallout.

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VW agrees to buy back diesel vehicles, fund clean air efforts

WASHINGTON German automaker Volkswagen AG will pay as much as $15.3 billion after admitting it cheated on U.S. diesel emissions tests for years, agreeing to buy back vehicles from consumers and provide funding that could benefit makers of cleaner technologies.

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U.S. first-quarter GDP revised up, Brexit risk to outlook

WASHINGTON U.S. economic growth slowed in the first quarter but not as sharply as previously estimated, and while there are signs of a pickup in the second quarter, analysts worry Britain's vote to leave the European Union could hurt activity later this year.

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New Zealand to begin India tour with Kanpur test

MUMBAI New Zealand will begin their five-week tour of India with the opening test of the three-match series at Kanpur from Sept. 22, the Board Of Control For Cricket In India (BCCI) said on Tuesday.

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