GENEVA - The World Trade Organization failed on Thursday to reach a deal to standardise customs rules, which would have been the first global trade reform in two decades but was blocked by India's demands for concessions on agricultural stockpiling.
BANGALORE - India's factory activity expanded at its fastest pace in 17 months in July as firms responded to burgeoning new orders by increasing output even as input prices jumped sharply, a business survey showed on Friday.
Reuters Market Eye - The rupee <INR=D2> falls to 60.80 versus the dollar, its lowest since April 25. The pair was last trading at 60.7750/78 compared with its Thursday close of 60.55/56.
Reuters Market Eye - Tech Mahindra Ltd slumps 5.1 percent after April-June-quarter net profit lags estimates.
Reuters Market Eye - Overseas investors sold shares worth 16.54 billion rupees ($273.2 million) on Thursday, their biggest single-day selling since July 2, provisional exchange data shows.
Reuters Market Eye - Pantaloons Fashion & Retail Ltd falls as much as 8.5 percent to 114.75 rupees after posting a wider net loss for the June quarter.
BEIJING - China's factories posted their strongest growth in at least 1-1/2 years in July as new orders surged to multi-month highs, two surveys showed on Friday, cementing bets that the economy is re-gaining momentum after a spate of stimulus measures.
SYDNEY - Asian shares stumbled on Friday after a month-end swoon on Wall Street, though some were hoping China would offer better news on manufacturing and help steady investor sentiment.
NEW DELHI/SINGAPORE - India is scrambling to crack down on a new gold smuggling tactic that it fears could accelerate a flood of illegal imports of the precious metal into the world's second-biggest buyer.
NEW DELHI - Tata Motors Ltd will launch a passenger car this month, its first new offering in four years, in a bid to regain market share and plug losses in its domestic business, which was also hard hit by the slowing economy.