NEW DELHI - India faces a "major challenge" in achieving its 2014/15 fiscal deficit aim of 4.1 percent of gross domestic product, its lowest in seven years, the finance ministry said in a report on Friday.
NEW DELHI - India's economy is expected to grow at around 5.5 percent in the fiscal year to March 2015, the finance ministry said in a report tabled in parliament on Friday.
NEW DELHI - A former part-owner of SpiceJet Ltd is leading a 12 billion rupees bailout plan to rescue the budget carrier from collapsing, two Indian newspapers reported on Friday.
BSE Sensex up 1.23 percent, while the Nifty gains 1.18 percent. Nifty trading above 50-day moving average after breaking it on Monday.
Reuters Market Eye - Reliance Industries gains 3.1 percent.
SINGAPORE - Brent crude held below $60 a barrel, near a 5-1/2-year low, on Friday as a global oversupply of oil showed little sign of receding, even as companies cut upstream investments next year.
Reuters Market Eye - Bharti Airtel falls 1.2 percent while Nifty gains 0.9 percent.
Reuters Market Eye - Sesa Sterlite gains 3.2 percent, Hindalco Industries 2.7 percent, CESC 1 percent.
BEIJING - China revised up the size of its economy in 2013 but sees that having little effect on economic growth this year, amid expectations that Beijing may roll out more stimulus to support the slowing economy.
REUTERS - Singapore Airlines Ltd's Indian joint venture with the Tata conglomerate, Vistara, will start flying from Jan. 9, the airlines said.