Obama In India
U.S. President Barack Obama endorsed on Monday India's long-held demand for a permanent seat on the U.N. Security Council, a largely symbolic move that may put diplomatic pressure on rival regional power China. Full Article | Slideshow
MUMBAI - Wal-Mart Stores Inc's India unit said it had appointed company veteran Murali Lanka to the newly created position of chief operations officer to lead store operations and business development in the world's second most populous country.
SINGAPORE - Gold sales in India during the festivals of Diwali and Dhanteras celebrated this week rose by about a fifth, a senior official at the country's biggest gold trade group said on Friday.
BANGALORE - India's economy will likely grow at its fastest pace in two years in the current fiscal year as Prime Minister Narendra Modi implements reforms to attract investment, a Reuters poll of economists showed on Friday.
MUMBAI - The BSE Sensex and the Nifty rose in a special "muhurat" trading session for Diwali on Thursday, led by gains in Suzlon Energy Ltd. while hopes for continued foreign fund inflows into the country also boosted sentiment.
BANGALORE - India's third-biggest software services firm Wipro Ltd , under pressure to improve lacklustre sales growth, said it saw a rosier end to the year as more confident U.S. clients increase spending.
MUMBAI - A majority of the external members in the Reserve Bank of India's monetary policy committee suggested the repo rate be cut by at least 25 basis points at the review on Sept. 30, according to minutes released by the central bank on Wednesday.
MUMBAI - The rupee ended flat on Wednesday, as gains in shares amid hopes for more economic reforms from the Narendra Modi government were offset by caution ahead of a long weekend.
MUMBAI - The BSE Sensex and Nifty rose on Wednesday for a fourth straight session of gains, tracking stronger global markets and closing at their highest in nearly a month as automakers surged on hopes of better sales in the festive season.
MUMBAI - Alarmed at the currency risks that Indian companies are running on their books, the central bank may consider making hedging mandatory if banks cannot persuade their corporate customers to seek protection, several market sources told Reuters.
Obama's India visit should affirm New Delhi’s global role, says Lisa Curtis. Full Article
Obama's visit to India has become a veritable one-day cricket match with a ball-by-ball commentary. Full Article