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India says hitting 2014/15 fiscal gap target a 'major challenge'

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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.

Business, Economy 2:04pm IST

India's 2014/15 GDP growth seen at around 5.5 percent

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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.

Business, Top News 11:19am IST

Former SpiceJet owner leading rescue plan: reports

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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.

10:29am IST

Nifty up over 1 percent to trade above 50-day moving average

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.

1:54pm IST

Reliance Industries gains; traders bet on telecom rollout in 3-6 mths

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Reuters Market Eye - Reliance Industries gains 3.1 percent.

2:44pm IST

Brent steady below $60, heads for 4th weekly decline as glut persists

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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.

12:39pm IST

Bharti Airtel underperforms Nifty in Oct-Dec on Reliance Jio worries

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Reuters Market Eye - Bharti Airtel falls 1.2 percent while Nifty gains 0.9 percent.

11:05am IST

Coal users gain on govt's draft rules on auctions

Reuters Market Eye - Sesa Sterlite gains 3.2 percent, Hindalco Industries 2.7 percent, CESC 1 percent.

11:04am IST

China revises up size of 2013 economy, sees no effect on 2014 growth

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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.

12:51pm IST

Tata, Singapore Air venture Vistara to take off on Jan 9

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REUTERS - Singapore Airlines Ltd's Indian joint venture with the Tata conglomerate, Vistara, will start flying from Jan. 9, the airlines said.

Business, Top News 10:06am IST