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India's retail inflation hits 17-month high, industrial output falls again

NEW DELHI India's retail inflation unexpectedly edged up to a 17-month high in January, while industrial production contracted at a faster-than-expected pace in December, underscoring imbalances lurking in Asia's third-largest economy.

Recent Business News

China underground banks did $150 bln in transactions in 2015 - regulator

BEIJING Underground banks in China did more than 1 trillion yuan ($152 billion) in transactions last year and the government will step up efforts to combat the problem this year, state media said on Saturday citing the foreign exchange regulator.

11:12am IST

Indian steelmakers raise prices, but surge in value not likely

MUMBAI/NEW DELHI Some steelmakers have raised their prices after a recent government measure to rein in cheap imports, but a surge in value is unlikely as the country's production capacity is rising faster than its domestic demand growth.

Top News, Economy 12 Feb 2016

Sun Pharma to seek FDA re-inspection of Halol plant by end-June

MUMBAI India's largest drugmaker, Sun Pharmaceutical Industries, plans to ask U.S. regulators by the middle of this year to re-inspect a plant in Gujarat after they criticised manufacturing standards there, Sun's founder said.

Top News, 12 Feb 2016

EXCLUSIVE - Boeing nears decision to self-fund more F/A-18 fighters

WASHINGTON Boeing Co is nearing a decision to invest "a significant amount" to keep a F/A-18E/F fighter jet production line in St. Louis running as it waits for the U.S. government to approve a delayed order by Kuwait for 28 jets, a senior executive said.

Aerospace & Defence 10:38am IST

As gold price soars, traditional India, China buyers show little love

SINGAPORE As gold trades near its highest in a year on a wave of safe-haven buying, traditionally active buyers of physical gold in the major Asian markets have shown little interest so far.

Top News 12 Feb 2016

Markets

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Sensex 22,986.12 + 34.29 +0.15%
Nikkei 14,952.61 -760.78 -4.84%
Hang Seng 18,319.58 -226.22 -1.22%
EUR/INR 76.629 -0.06%
USD/INR 68.108 --
GBP/INR 98.811 +0.02%
Gold 1,239.10 -8.80 -0.71%
Oil 29.02 +3.23 +12.32%
Corn 359.00 -1.25 -0.35%

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