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Modi: Banking for all to end "financial untouchability"

NEW DELHI - Prime Minister Narendra Modi promised on Thursday to end "financial untouchability" with a scheme to ensure the majority of households in his country of nearly 1.3 billion people has a bank account within months.

Recent Business News

Stocks, bond yields slip as Ukraine crisis deepens

NEW YORK - Stock markets around the world fell on Thursday after Ukraine said Russia had moved more troops into the country, deepening the regional crisis, as nervous investors shifted money into gold and U.S. and German government bonds.

2:05am IST

IMF board likely to back Lagarde during French probe - sources

WASHINGTON - The International Monetary Fund's board is likely to stand behind the global lender's leader, Christine Lagarde, who is facing a criminal investigation in France tied to a political corruption probe, sources close to the board said.

IMF 2:07am IST

Police arrest four over alleged $39 mln bank fraud

MUMBAI - Police in Mumbai have arrested four people alleged to have siphoned off money from accounts held in multiple banks, mostly state-owned, in the latest scandal involving public sector lenders in Asia's third-largest economy.

28 Aug 2014

Tata, Volkswagen, others agree to invest $1.9 bln in Maharashtra

NEW DELHI - Tata Motors Ltd and German carmaker Volkswagen AG are among carmakers that have agreed to invest a total of 115 billion rupees ($1.9 billion) to expand their manufacturing capacity in Maharashtra.

2:36am IST

Rupee weakens, but sentiment strong a year after record lows

MUMBAI - The rupee marginally weakened on Thursday ahead of key indicators including economic growth data due on Friday, retreating against the dollar for a third consecutive month due to a flare-up of global geopolitical risk events.

28 Aug 2014

REUTERS SHOWCASE

Power Outage

Power Outage

India may face blackouts as coal shortage cuts power output  Full Article 

Moody's on Inflation

Moody's on Inflation

Persistent inflation hurting India's sovereign ratings - Moody's  Full Article 

Tracking Monsoon

Tracking Monsoon

Monsoon forecast to be better for crops next week  Full Article 

Carmichael Project

Carmichael Project

Adani buys Australia coal mine royalty rights from Linc for $145 million  Full Article 

GDP Preview

GDP Preview

Economy likely grew faster in June quarter: Reuters poll.  Full Article 

India-Japan Meet

India-Japan Meet

Modi eyes breakthrough nuclear pact on Japan trip   Full Article 

Monetary Policy

Monetary Policy

BofA says RBI may cut rates by 75-100 bps starting early 2015  Full Article 

Automakers Haven

Automakers Haven

Tata, Volkswagen, others agree to invest $1.9 bln in India  Full Article 

Rare Earth Output

Rare Earth Output

India to chip in with 5 pct of global rare earth output  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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