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For faster growth, Modi needs to show Indians more reasons to save


MUMBAI On paper, India's households have more reason than ever to save. But convincing them that the central bank can keep inflation low is proving difficult, hindering the country's ambitious growth plans.

RBI allows foreign investors to buy bonds in default

MUMBAI Reserve Bank of India (RBI) is allowing foreign investors to buy corporate bonds that are either totally or partly in default, it said on Thursday, a potential boost to the country's nascent distressed debt market.

Business, 26 Nov 2015

India sense victory after South Africa crumble

NAGPUR, India India need eight wickets to clinch the four-test series against South Africa after their spinners, led by Ravichandran Ashwin, wreaked havoc on a turning track on the second day of the third test on Thursday.

26 Nov 2015

Bihar spooks brewers with alcohol ban talk

MUMBAI Bihar sent shares in breweries and liquor firms down as much as 10 percent on Thursday after the country's third-most populous state said it was considering a ban on alcohol, prompting concerns that others could follow.

26 Nov 2015

India's sales tax should be below 20 percent - Congress party

NEW DELHI India's proposed sales tax should be set at less than 20 percent, the opposition Congress party said on Thursday, signalling a willingness to compromise as long as the government takes into account its concerns.

Business, 12:08am IST

Indian gold demand seen falling to eight-year low in festive quarter

MUMBAI India's gold buying in the key December quarter is likely to fall to the lowest level in eight years, hurt by poor investment demand and back-to-back droughts that have slashed earnings for the country's millions of farmers.

Business 12:09am IST

Five banks hired to manage Coal India stake sale - IFR

Five Indian investment banks including ICICI Securities and SBI Capital have been hired to manage the government's sale of a 10 percent stake in state-controlled Coal India, IFR reported on Thursday, citing two sources close to the matter.

12:12am IST

BMW to raise car prices in India by up to 3 percent starting 2016

NEW DELHI German carmaker BMW will raise the prices of its BMW- and Mini-branded cars sold in India by up to 3 percent starting Jan. 1, 2016, the company's local unit said on Thursday.

Business, 12:08am IST

Hollande, Putin agree to work more closely to combat Islamic State in Syria

MOSCOW France and Russia will exchange intelligence on Islamic State and other rebel groups to improve the effectiveness of their aerial bombing campaigns in Syria, French President Francois Hollande said on Thursday after talks with Vladimir Putin. | Video

World, Syria, 2:38am IST

Britain's Cameron says time to bomb militants in Syria

LONDON Prime Minister David Cameron said on Thursday it was time to join air strikes against Islamic State in Syria because Britain cannot "subcontract its security to other countries". | Video

World, Syria 12:15am IST

The ABD of batting

It's ironic that AB de Villiers, a batsman who has defied the law of averages, had his 100th test match at Bangalore washed out by unrelenting rain. But before he did, he showed his class at the Chinnaswamy pitch.