NEW DELHI Surprised again by India's strong official growth statistics, economists are relying increasingly on high-frequency indicators like bank credit and rail freight to gauge the real health of Asia's third-largest economy.
Indian shares rose on Wednesday, snapping two days of losses and approaching a key psychological level of 9,000, after stronger-than-expected economic growth eased worries about the impact of the government's demonetisation drive.
MUMBAI Economist Viral Acharya spent nearly two decades studying banking crises around the world. Now, as a deputy governor at India's central bank, he is turning his attention to one that may be developing at home.
MUMBAI India's February gold imports surged to 50 tonnes, up more than 82 percent from a year ago, on pent-up jeweller demand and as retail consumers ramped up purchases for weddings, provisional data from consultancy GFMS showed on Wednesday.
BENGALURU Indian factory activity expanded for a second straight month in February, while an increase in raw material costs pushed firms to raise prices at the fastest rate in nearly three and a half years, a business survey showed on Wednesday.
MUMBAI Tata Consultancy Services Ltd (TCS), which plans to buy back shares worth up to 160 billion rupees ($2.39 billion), said on Wednesday the founder group of the company intended to participate in the proposed buyback.
NEW DELHI India could impose a 25 percent import tax on wheat by the middle of March, two government sources said on Wednesday, reinstating the tariff after a gap of nearly three months in response to recent large purchases from overseas.
BENGALURU India opener Murali Vijay on Wednesday promised better catching from his side in the second test against Australia after the hosts spilled several in their sobering defeat in the series opener in Pune.
LONDON A new film exploring the partition of India will offer audiences a poignant reminder, 70 years on, that using politics to divide communities is nothing new, its British director says.
MILAN Gail India has awarded a tender for a liquefied natural gas (LNG) shipment delivering in April at a price of around $6 per million British thermal units (mmBtu), traders said.