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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.


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.


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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