Delhi Auto Expo 2012
NEW DELHI - India will allow mergers between telecommunications carriers with up to 50 percent combined market share, easing rules to spur deals in the crowded telecommunications sector.
NEW DELHI - Finance Minister P. Chidambaram will be walking a tightrope when he presents an interim budget for the coming fiscal year on Monday, doling out more funds to woo voters and tax cuts to support industry while projecting a lower fiscal deficit before elections.
NEW DELHI - India left train fares and freight rates unchanged in its interim railway budget, as politicians try to please voters and manufacturing companies ahead of national elections due in the next three months.
HONG KONG/MUMBAI - Stung by the rupee's recent collapse, Reserve Bank of India (RBI) is taking a carrot-and-stick approach to curb trade in the offshore forwards market that is seen as a key source of wrenching currency volatility.
MUMBAI - The Reserve Bank of India on Wednesday relaxed the minimum maturity tenure for banks' foreign currency borrowings' to one year from three years, in order to use the central bank's swap facility which was set up to support the ailing rupee.
MUMBAI - The rupee fell and bond yields surged after the Reserve Bank of India (RBI) surprised markets with an increase in the repo rate on Friday, putting its focus squarely back on managing inflation and the fiscal deficit.
MUMBAI - The dollar swap window for state-run oil companies remains open and tapering will be in a calibrated manner, Reserve Bank of India (RBI) chief Raghuram Rajan reiterated at a post-policy press conference on Tuesday.
MUMBAI - The U.S. Federal Reserve's decision to press ahead with its asset-buying gives India's battered rupee a reprieve and creates space at a policy review on Friday for the Reserve Bank of India (RBI) to scale back some of the measures put in place to support the currency.
MUMBAI - Banks have begun tapping a new concessional swap facility for overseas fundraising, one of a spate of measures the Reserve Bank of India (RBI) has taken to attract offshore funds to support the battered rupee.
SINGAPORE - Foreign banks are pushing to raise billions of dollars from expatriate Indians in response to New Delhi's drive to defend its weak currency, which could mean the government can avoid the need for a sovereign bond or state-backed deposit scheme to attract inflows.