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.
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.
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.
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.
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.
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.
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.
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.
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
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
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.