Obama In India

U.S. President Barack Obama delivers an address to India's parliament in New Delhi, November 8, 2010. REUTERS/Jason Reed

Obama backs India's quest for permanent U.N. seat

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 

Photo

Sahara looks to raise $650 million loan to fund bail

MUMBAI - India's Sahara conglomerate said on Friday it aimed to raise $650 million in loans to secure the release of its chief, in jail for nearly nine months over the group's failure to refund billions of dollars to investors in outlawed bonds.

Top News, Business 9:18pm IST
Photo

India eases gold import rule in surprise move

MUMBAI - India has scrapped a rule mandating traders to export 20 percent of all gold imported into the country, in a surprise move that could cut smuggling and raise legal shipments into the world's second-biggest consumer of the metal after China.

9:45pm IST
Photo

FACTBOX - Modi's reform agenda to revive economic growth in India

NEW DELHI - India's economy lost momentum in the first three months of Prime Minister Narendra Modi's government, amplifying industry calls for faster and deeper economic reform.

Economy, Business 6:48pm IST
Photo

FACTBOX - India's smaller private sector banks

MUMBAI - India could be set for more banking acquisitions after a record $2.4 billion takeover last week ended four years of drought, but restrictive rules, reluctant sellers and sometimes difficult unions mean a flurry of deals is unlikely.

6:34pm IST
Photo

After record deal, more India bank takeovers on cards

MUMBAI - India is set for more banking acquisitions after a record $2.4 billion takeover last week ended four years of a deals drought, as lenders fight for market share and wider reach amid looming competition from a new breed of players.

Business, Deals 8:56pm IST
Photo

Expert views - India's economic growth slows to 5.3 pct in July-September

MUMBAI - India's economic growth slowed to 5.3 percent in the three months through September from 5.7 percent in the previous quarter, dragged down by weaker manufacturing, government data showed on Friday.

Business, Economy 6:12pm IST
Photo

Growth slows less than feared, easing pressure for rate cut

NEW DELHI - A slowdown in India's economy in the last quarter will increase calls for Prime Minister Narendra Modi to step up reforms but was less severe than feared, giving the Reserve Bank ammunition to resist government pressure to cut interest rates.

Top News, Business, Economy 7:43pm IST
Photo

Exclusive - Essar's planned oil-for-steel deal tests Iran sanctions

NEW DELHI - Essar Group, a $39 billion conglomerate, is looking to tap frozen Iranian oil revenues to pay for its steel exports to Tehran, in a novel attempt to work around Western financial sanctions against the OPEC member state.

4:52pm IST
Photo

Nov gold imports seen climbing on expectation of curbs

SINGAPORE/MUMBAI - India's gold imports could climb to around 100 tonnes for a third straight month in November as dealers buy heavily for fear of curbs on overseas purchases, especially as the wedding season picks up, traders said.

3:33pm IST
Obama's Asia trip
    Alistair Scrutton

    Exclusive Video

    A Reuters video discussion with the Brookings Institution.  Full Article 

    Lisa Curtis

    Global Role

    Obama's India visit should affirm New Delhi’s global role, says Lisa Curtis.  Full Article 

    C. Uday Bhaskar

    India Bowled Over?

    Obama's visit to India has become a veritable one-day cricket match with a ball-by-ball commentary.  Full Article 

    Henry Foy

    India Calling

    Could Obama’s loss be India’s gain, asks Henry Foy.  Full Article