NEW DELHI Monsoon rains in India were 1 percent above average in the week ending June 29, the India Meteorological Department (IMD) said on Thursday.
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.
NEW DELHI The World Bank said on Thursday it would lend India more than $1 billion for its huge solar energy programme, after Prime Minister Narendra Modi sought climate change funds from its visiting head.
MUMBAI India's end-March external debt was at $485.6 billion, up $10.6 billion from end-March 2015, the Reserve Bank of India said in a release on Thursday.
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.
NEW DELHI India's fiscal deficit during April-May was 2289.86 billion rupees ($33.92 billion), or 42.9 percent of the budgeted target for the fiscal year ending in March 2017, government data showed on Thursday.
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.
Indian shares closed higher on Thursday, erasing their losses suffered on Friday after Britons unexpectedly voted to exit the European Union, as investors focused on improving prospects of the domestic economy.
LONDON Former London mayor Boris Johnson, runaway bookmakers' favourite to become Britain's prime minister, abruptly pulled out of the race on Thursday in a shock announcement less than a week after leading the campaign to pull the country out of the EU.
MUMBAI The process to set up India's monetary policy committee is ongoing and it is not clear if it will get to set interest rates at the central bank's next policy review on Aug. 9, Reserve Bank of India (RBI) Governor Raghuram Rajan said according to TV channels.