Money News Headlines

India's demands block $1 trillion WTO deal on customs rules

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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.

Business, Top News 6:22am IST

Factories post fastest growth for 17 months in July

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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.

Business, Economy 10:39am IST

Rupee stays at three-month low; U.S. jobs data key

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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.

10:28am IST

Tech Mahindra slumps on surprising fall in margins

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Reuters Market Eye - Tech Mahindra Ltd slumps 5.1 percent after April-June-quarter net profit lags estimates.

10:43am IST

FII selling of Indian stocks on Thursday biggest in a month

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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.

9:22am IST

Pantaloon shares slump; net loss widens

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.

10:34am IST

China PMIs jump to multi-month highs in July, add to view economy is steadying

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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.

Business, Economy 9:10am IST

Asia taken aback by Wall St swoon, pins hopes on China

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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.

6:07am IST

In cat-and-mouse game, India uncovers new gold smuggling route

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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.

Business, Top News 2:41am IST

Tata Motors bets on new sedan to revive weak India sales

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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.

Top News, Business 8:45am IST