MUMBAI/KOLKATA, India State Bank of India (SBI) reported its sharpest quarterly profit drop in five years on Friday but cheered investors by saying that fewer than feared of its loans risked turning sour.
MUMBAI/NEW DELHI Indian companies are posting their best earnings results since Prime Minister Narendra Modi swept to power two years ago, giving the clearest sign yet that India's fast, but patchy, economic growth is becoming more broad-based.
MUMBAI (Thomson Reuters Foundation) - Adolescent girls in the Mumbai slum of Dharavi are battling the daily challenges they face, one mobile app at a time.
MUMBAI India's biggest conglomerate Tata Group launched an e-commerce venture on Friday, as it seeks to cash in on rising purchasing power in a market dominated by deep-pocketed international retailers and startups backed by global tech investors.
India's junior Finance Minister Jayant Sinha said on Friday the country would have 8 to 10 "very competitive" state-owned banks after an ongoing consolidation phase, a sharp reduction from the 27 currently in existence.
NEW DELHI A makeshift cinema hall under a 140-year-old bridge in the Indian capital is allowing poor rickshaw pullers and migrant labourers to escape daily hardship and sweltering heat into a world of Bollywood song, dance and romance.
NEW DELHI (Thomson Reuters Foundation) - Big corporations must do more to clean up their supply chains and ensure that there is no child labour involved in the products which they manufacture and sell, Nobel laureate and child rights activist Kailash Satyarthi said on Friday.
HIROSHIMA, Japan Barack Obama on Friday became the first incumbent U.S. president to visit Hiroshima, site of the world's first atomic bombing, in a gesture Tokyo and Washington hope will showcase their alliance and reinvigorate efforts to rid the world of nuclear arms.
CAMBRIDGE, Mass. The Federal Reserve should raise interest rates "in the coming months" if the economy picks up as expected and jobs continue to be generated, U.S. central bank chief Janet Yellen said on Friday, bolstering the case for a rate increase in June or July.
CAPE CANAVERAL, Fla. Scientists for the first time have directly detected key organic compounds in a comet, bolstering the notion that these celestial objects delivered such chemical building blocks for life long ago to Earth and throughout the solar system.