NEW DELHI - Prime Minister Narendra Modi may consider using an executive order to push through laws overhauling the insurance and coal sectors, if the increasingly fractious parliament fails to pass them soon, two government officials said on Friday.
Recent Business News
NEW DELHI - India will compensate its state governments for revenue losses due to the new nationwide Goods and Service Tax (GST), which is targeted to be implemented on April 1, 2016, the finance minister said on Friday.
NEW YORK - Equity markets worldwide extended the week's rally on Friday and oil prices rebounded from recent lows, as investors closed out the last full week of trading in 2014 on an upbeat note.
SEATTLE - Boeing Co has more than enough 787 Dreamliners in the production pipeline to meet its year-end delivery target of 110 aircraft, despite concerns a shortage of seats could cause the world's biggest aircraft maker to miss its target, according to industry experts and a Reuters review of its factory.
NEW YORK - Oil closed up as much as 5 percent on Friday, its biggest gain in over two years, as some traders took profits on short positions after prices this week hit their lowest since 2009.
MUMBAI - Bonds and the rupee weakened on Friday to post their worst weekly falls since August as sentiment remained subdued after a volatile week marked by concerns about financial contagion from the tumbling Russian rouble.