Regulatory News

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Indian government wants Apple, but not all officials are biting


NEW DELHI Some Indian officials have baulked at Apple's demands for concessions before it assembles iPhones there, raising doubts about a spring deadline to launch a key project in Prime Minister Narendra Modi's campaign to lure foreign investors.

Automaker GM adapts $1 billion recipe for "tough" Indian market - sources

DETROIT After an 18-month review, General Motors Co is nearer to resolving a raft of issues that have hobbled its $1 billion strategy for India, one of the fastest growing emerging markets for automobiles.

Top News, 8:33am IST

RBI has pumped in 9.2 trillion rupees of new notes - source

NEW DELHI The Reserve Bank of India has injected 9.2 trillion rupees ($135.21 billion) worth of new currency notes into the banking system to help replace the notes banned in November, a parliamentary panel member quoted central bank governor Urjit Patel as saying on Wednesday.

Top News, Economy 18 Jan 2017

India to cut stake in general insurers to 75 percent - finance minister

NEW DELHI India's cabinet on Wednesday approved a plan to reduce its stake in five state-run general insurance companies to 75 percent from 100 percent, Finance Minister Arun Jaitley told reporters.

Top News 18 Jan 2017

Peru says it and India plan to start free trade talks this quarter

LIMA India and Peru plan to start negotiations on a bilateral free trade agreement covering goods, services and investments sometime in the first quarter, Peru said on Wednesday.

Top News, World 6:29am IST

Bollywood actor Salman Khan acquitted in weapons case

MUMBAI A court in Jodhpur on Wednesday acquitted Bollywood movie star Salman Khan of possessing an unlicensed weapon nearly two decades ago, ending a case that threatened to derail the career of one of the country's biggest actors.

18 Jan 2017

India's sugar output down 5.3 percent y/y in 3-1/2 months - trade body

MUMBAI Sugar mills in India produced 10.5 million tonnes of the sweetener between Oct. 1 and Jan. 15, about 5.3 percent lower than a year earlier as sugar mills in key producing states closed early due to cane shortage, a producers' body said on Wednesday.

Top News, 18 Jan 2017

India's cash crunch seen biting into economic growth - Reuters poll

BENGALURU India's economy lost momentum in the final three months of 2016 after Prime Minister Narendra Modi's ban on high-value notes hurt consumption and businesses but it is set to pick up this quarter, a Reuters poll found.

Top News, Economy 18 Jan 2017

Pakistani forces kill leader of banned sectarian militant group

LAHORE, Pakistan Pakistani security forces said on Wednesday they had killed the leader of the banned Sunni Muslim militant group Lashkar-e-Jhangvi (LeJ) along with three other militants accused of killing hundreds of civilians.

Top News, World, South Asia 1:58am IST

Teen shoots four, kills self at private school in northern Mexico

MEXICO CITY A teenage student suffering from depression shot three students and a teacher at a private school in northern Mexico on Wednesday before killing himself in what state officials called an unprecedented attack that was caught on security video.

Top News, World 1:46am IST
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