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Modi takes first bite at coal to end India's power mess

NEW DELHI - India could allow commercial coal mining by foreign companies if they set up units in the country, opening the door for global giants like Rio Tinto to access the world's fifth-largest coal reserves, a source familiar with the matter said.

Recent Business News

Asia stocks hobbled by growth anxiety, China PMI fails to impress

TOKYO - Asian shares sagged on Thursday after a retreat on Wall Street and falling crude oil prices rekindled investor anxiety over slowing global growth, while a mixed picture on Chinese manufacturing failed to impress markets.

12:05pm IST

Gold steadies above $1,240 as Asian equities slide

SINGAPORE - Gold steadied above $1,240 an ounce on Thursday as Asian stock markets weakened, but caution prevailed as the dollar hovered near one-week highs and outflows from bullion funds continued.

11:45am IST

Private capital gets more bang in China as economic reforms step up

HONG KONG - Private firms have overtaken state-owned companies this year for the first time as the biggest drivers of investment banking revenues in China - a sign of how Beijing's reforms are transforming private capital's role in the world's second-largest economy.

Japan 5:37am IST

China's capital outflows not a risk, in line with reforms - regulator

BEIJING - China's foreign currency regulator is not concerned by signs of forex outflows as the economy slows, the country's foreign exchange regulator said on Thursday, saying a recent decline in forex reserves is in line with Beijing's policy goals.

10:38am IST

Hyundai Motor Q3 profit falls on firmer currency, sluggish sales

SEOUL - South Korean automaker Hyundai Motor posted a 29 percent fall in its third-quarter net profit, the steepest decline in at least six quarters, hit by slowing sales growth and a stronger local currency.

REUTERS SHOWCASE

Canada Shooting

Canada Shooting

Attack on parliament, killing of soldier stun Canada's capital.  Full Article 

Earnings Season

Earnings Season

Wipro sees rosier end to year as U.S. clients spend.  Full Article 

Business Climate

Business Climate

Fears for tough penalties grow as India cleans up business  Full Article 

New Email Service

New Email Service

Google launches new email service dubbed "Inbox".  Full Article 

DLF Appeals

DLF Appeals

DLF seeks interim relief from capital market ban  Full Article 

Falling Oil Prices

Falling Oil Prices

Indian consumers respond to softer oil, food prices  Full Article 

Book Keeping

Book Keeping

RBI fires warning shots on companies' lack of FX hedging.  Full Article 

Policy Repo Rate

Policy Repo Rate

Most external members suggested rate cut in RBI's Sept review.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage 

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