Economy News

Growth slows less than feared, easing pressure for rate cut

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NEW DELHI - A slowdown in India's economy in the last quarter will increase calls for Prime Minister Narendra Modi to step up reforms but was less severe than feared, giving the Reserve Bank ammunition to resist government pressure to cut interest rates.

FACTBOX - Modi's reform agenda to revive economic growth in India

NEW DELHI - India's economy lost momentum in the first three months of Prime Minister Narendra Modi's government, amplifying industry calls for faster and deeper economic reform.

28 Nov 2014

Expert views - India's economic growth slows to 5.3 pct in July-September

MUMBAI - India's economic growth slowed to 5.3 percent in the three months through September from 5.7 percent in the previous quarter, dragged down by weaker manufacturing, government data showed on Friday.

28 Nov 2014

April-October fiscal deficit nears 90 pct of full-year target

NEW DELHI - India's fiscal deficit was 4.76 trillion rupees ($76.77 billion) during April-October, or 89.6 percent of the full-year target, government data showed on Friday.

28 Nov 2014

GDP growth set to weaken, business wants reforms more than rate cut

MUMBAI - Anticipating data out on Friday will show weakening economic growth, the finance ministry will argue for an interest rate cut, but bankers and company executives say the key to recovery lies in how fast Prime Minister Narendra Modi acts on reforms.

Top News, 27 Nov 2014

Jaitley likely to meet Rajan on Monday to urge rate cut

NEW DELHI - Finance Minister Arun Jaitley is likely to meet the head of the Reserve Bank of India in New Delhi on Monday to urge the central bank to cut interest rates at a policy meeting the following day, two senior finance ministry officials said.

Top News, 27 Nov 2014

GDP growth to slow to 5.1 pct, but no rate cut yet - Reuters Poll

BANGALORE - India's economic growth probably slowed to 5.1 percent in the July-September quarter from a year ago, but economists polled by Reuters doubted whether that would be enough to persuade the central bank to cut interest rates just yet.

27 Nov 2014

Japan inflation slows in October, output and spending show signs of recovery

TOKYO - Japan's annual core consumer inflation slowed for a third straight month in October due to falling oil prices, highlighting the economic gloom facing Premier Shinzo Abe as he campaigns for a new mandate to implement his stalled recovery plan.

Japan 28 Nov 2014

ECB's Draghi warns countries to reform as clouds gather over euro zone

HELSINKI/ MADRID - Failure to reform and shield weaker members threatens to divide the euro zone, the head of the European Central Bank warned on Thursday, amid fresh signs the currency bloc's economy is losing speed.

27 Nov 2014

Exclusive - RBI under pressure to cut rates as growth slips

NEW DELHI - India's economic growth probably slowed to around 5 percent in the three months to September, slipping from 5.7 percent in the previous quarter, two senior finance ministry sources said, putting pressure on the central bank to cut interest rates.

Top News, 25 Nov 2014

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After record deal, more India bank takeovers on cards

MUMBAI - India is set for more banking acquisitions after a record $2.4 billion takeover last week ended four years of a deals drought, as lenders fight for market share and wider reach amid looming competition from a new breed of players.

REUTERS SHOWCASE

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Nifty Above 8,600

Nifty hits record high above 8,600; state-run lenders gain  Full Article 

Bhopal Tragedy

Bhopal Tragedy

Bhopal's toxic legacy lives on, 30 years after industrial disaster  Full Article 

Essar Group

Essar Group

Exclusive - Essar's planned oil-for-steel deal tests Iran sanctions  Full Article 

Islamic Fund

Islamic Fund

India gets new Islamic equity fund but debt market still off-limits  Full Article 

Fiscal Deficit

Fiscal Deficit

April-October fiscal deficit nears 90 pct of full-year target  Full Article 

Oil Prices

Oil Prices

Oil hits new four-year low post OPEC as glut looms  Full Article 

Gold Imports

Gold Imports

Nov gold imports seen climbing on expectation of curbs   Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage