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India

Modi goaded Pakistan in deliberate yet risky move

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NEW DELHI/ISLAMABAD When Prime Minister Narendra Modi met top aides to prepare last week's annual Independence Day address, some senior bureaucrats warned him against mentioning Baluchistan, arch-rival Pakistan's restive southwestern province.

India's deadly floods raise risk of women, children being sold into slavery

NEW DELHI (Thomson Reuters Foundation) - Women and children in India's flood-hit eastern region are at risk of being preyed upon by human traffickers and sold into slavery in middle class homes, restaurants and shops, and even brothels, aid workers warned on Friday. | Video

Tata Motors Q1 net profit halves on forex loss post-Brexit vote

MUMBAI/NEW DELHI Foreign exchange losses after Britain's decision to leave the European Union and higher expenses offset strong sales growth at India's Tata Motors, more than halving its net profit in the April-June quarter.

Foreign seed firms rally behind Monsanto in Indian alliance

NEW DELHI Major international seed companies in India formed an alliance on Friday, seeking the support of their peers after a flurry of regulatory steps in recent months by Prime Minister Narendra Modi's government.

Dirty laundry: Welspun tangle highlights India's quality challenge

MUMBAI Questions over the exact provenance of bedsheets sold by Welspun India to America's middle classes have not only wiped $740 million off the firm's market value, but also revived one of Indian manufacturing's enduring headaches: quality.

Yellen's case for rate hike boosts dollar; stocks surrender gains

NEW YORK U.S. equities gave up early gains on Friday, hurt by a surging U.S. dollar after Federal Reserve Chair Janet Yellen said that the case for raising U.S. interest rates has strengthened in recent months.

Fed's Yellen offers dose of uncertainty to markets hungry for a clue

JACKSON HOLE, Wyoming To markets hungry for direction from the U.S. Federal Reserve, Fed Chair Janet Yellen offered a sobering dose of uncertainty for monetary policy and the global economy on Friday, suggesting interest rates could rise faster than expected in coming months or just as easily crater back to zero. | Video

Rajan welcomes Patel as successor at RBI

MUMBAI/NEW DELHI Reserve Bank of India(RBI) governor Raghuram Rajan welcomed on Friday the appointment of Urjit Patel as his successor, calling him a close ally and saying it would ensure continuity in meeting the country's inflation objectives.

Castrol India says not aware of any stake sale by BP unit

MUMBAI Castrol India Ltd said on Friday it was not aware of any stake sale in the company by Castrol Ltd, a unit of oil major BP Plc, and said recent news reports that such a transaction would take place were based on market speculation.

U.S. aid to Pakistan shrinks amid mounting frustration over militants

WASHINGTON Pakistan's continued support for resurgent militant groups hostile to the United States, coupled with warming U.S. military and business relations with India, is sharply diminishing Islamabad’s strategic importance as an ally to Washington, U.S. military, diplomatic, and intelligence officials and outside experts said.

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Uber wins halt to N.Y. price-fixing lawsuit during appeal

NEW YORK A federal judge on Friday granted a request by Uber Technologies Inc and its chief executive officer to put a passenger's price-fixing lawsuit against them on hold, while they appeal his refusal to let them arbitrate the dispute.