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India's infrastructure output growth hits 5-month low in May

NEW DELHI India's infrastructure output grew an annual 2.8 percent in May, its slowest pace in five months, primarily dragged down by a slowdown in output of electricity, steel and refinery products, government data showed on Thursday.

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RBI eases rules for external commercial borrowings

MUMBAI Indian companies will need to submit for approval plans to issue external commercial borrowings only when they are above a certain threshold limit to be fixed from time to time, the Reserve Bank of India said on Thursday.

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Saudi Arabia to introduce hi-tech bracelets in haj safety push

DUBAI Saudi Arabia will introduce electronic identification bracelets for all pilgrims to Mecca starting this year, Saudi media said on Thursday, as part of a safety drive a year after the annual Islamic rite suffered its deadliest disaster in a generation.

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