MUMBAI, - State Bank of India , the country's largest lender, may offer employee share options, recruit specialists and promote faster - radical changes that promise to shake up a bloated, debt-heavy sector.
NEW DELHI - The Union Cabinet cleared a new ordinance on land purchases on Tuesday, government officials said, extending measures to make transactions easier that Prime Minister Narendra Modi has been unable to get onto the statute book.
SRINAGAR, India - Heavy rains and a landslide in the Himalayan region of Kashmir killed 17 people, police said on Tuesday, as authorities continued working to rescue stranded villagers, with unseasonal rains raising fears of flash floods in the mountainous north.
NEW DELHI - The Union Cabinet approved a move on Tuesday to supply gas for urea production at a uniform price to fertiliser plants through a pooling mechanism, lowering costs and boosting production of India's most widely consumed fertiliser.
MUMBAI - A number of private equity investors are giving India a wide berth, put off by soaring valuations. Indeed, they are still trying to exit expensive investments made months before the 2008 global crisis erupted.
MUMBAI - Indian oil and gas major Reliance Industries said on Tuesday it had signed an agreement with Myanmar for a production sharing contract for two offshore blocks.
LAUSANNE, Switzerland - Six world powers and Iran missed a Tuesday deadline to reach an outline accord reining in Tehran's nuclear programme, extending talks into an extra day as they edged toward a deal but failed to agree crucial details such as the lifting of U.N. sanctions. | Video
ADEN - Saudi troops clashed with Yemeni Houthi fighters on Tuesday in the heaviest exchange of cross-border fire since the start of a Saudi-led air offensive last week, while Yemen's foreign minister called for a rapid Arab intervention on the ground.
GURGAON - Vistara plans to expand its fleet size and start flying to overseas destinations within two years, the airline's CEO said on Tuesday, ahead of an expected change in rules that could allow new carriers to operate abroad.
WELLINGTON - Pace bowler Kyle Mills has followed team mate Daniel Vettori into retirement from international cricket after New Zealand's loss to Australia in Sunday's World Cup final.
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