Exuberant Indian markets gloss over economic reality
NEW DELHI - Surging capital inflows, booming stock markets and a fast-appreciating currency suggest the India story is again shining after a dismal 2011.
Recent Business News
MCX to launch $125 mln IPO Feb 21 - sources
MUMBAI - Multi Commodity Exchange (MCX), India's biggest commodity exchange by turnover, plans to launch an initial public offering of shares on February 21 to raise up to $125 million, two sources with direct knowledge of the matter said on Friday.
Rupee posts biggest weekly fall in nine weeks
MUMBAI - Suspected dollar sales by the Reserve Bank of India helped the rupee recover all intraday losses on Friday but the currency still posted its biggest weekly fall in nine weeks.
EU seen approving Google's Motorola deal - sources
BRUSSELS - Google Inc is expected to win approval next week from European regulators, as well as from U.S. antitrust authorities, for its planned $12.5 billion purchase of Motorola Mobility , according to people familiar with the matter.
Wall St Week Ahead: Bulls will not be tamed by weak earnings
NEW YORK - Despite a mediocre earnings season and signs of an overbought market, Wall Street bulls are likely to remain in control next week.
Reliance Comm profit falls for 10th straight quarter
NEW DELHI - Reliance Communications reported its 10th straight quarter of declining profit as interest costs soared, with investors betting on a sale of the No. 2 mobile operator's tower business to pare its heavy debt load.
Dec industrial output growth slows
India's industrial production growth slowed sharply in December, its slowest pace in two months, adding to pressure on the RBI to start cutting interest rates to help stimulate an economy that is headed for its slowest growth in three years. Full Article
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