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 


Rupee gains on China rate cut, record high stocks

MUMBAI - The rupee gained on Friday, recovering from its nine-month low hit in the previous session as sentiment improved after China cut interest rates and as domestic shares soared to record highs ahead of the start of the winter session of parliament.

21 Nov 2014

Weekahead - GDP key ahead of RBI review; parliament meets

Reuters Market Eye - Markets shift focus to July-September GDP data due on Nov. 28, the last major economic indicator ahead of the RBI review on Dec. 2.

21 Nov 2014

RBI says overseas borrowed funds can be parked with banks in India

MUMBAI - The RBI allowed external commercial borrowings to be parked with banks in the country as term deposits for up to six months pending their utilisation.

Business, Economy 21 Nov 2014

Factbox - Modi picks up pace on economic reform, opposition remains

NEW DELHI - Prime Minister Narendra Modi is increasing his focus on economic reforms including raising the cap on foreign investment in the insurance sector and changes to tax and labour rules that could accelerate recovery, but he faces stiff opposition.

Top News, Business, Economy 21 Nov 2014

Long "to do" list for Modi as clock ticks on reform

NEW DELHI - Prime Minister Narendra Modi has a long list of pro-growth measures to implement over the next four months, but time may have already run out to breathe enough life into the economy to meet the tough 2014/15 fiscal deficit target without cuts.

Top News, Business, Economy 21 Nov 2014

India monitors foreign flows into debt funds, may tighten rules

MUMBAI - Worried by potentially destabilising hot money flows, the Reserve Bank of India (RBI) could take action if foreign investors pour excessive amounts into mutual funds to bypass limits on ownership of government debt, according to a senior policymaker.

21 Nov 2014

India to invest $4 billion to tackle power theft

NEW DELHI - India will spend 253 billion rupees ($4.1 billion) to tackle rampant theft of electricity by rolling out metering in cities and upgrading old distribution networks, the power ministry said late on Thursday.

Top News, Business 21 Nov 2014

Sensex, Nifty hit record; banks surge on Kotak-ING deal

MUMBAI - The BSE Sensex and Nifty soared to record highs on Friday as lenders surged after Kotak Mahindra Bank's acquisition of ING Vysya sparked hopes for further consolidation in the sector, while expectations of more reforms ahead of the winter session of parliament also helped.

21 Nov 2014

Wagon makers gain on report of govt order

Reuters Market Eye - Texmaco Rail & Engineering gains 2.2 percent, while Titagarh Wagons Ltd is up 4.3 percent.

21 Nov 2014
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