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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.