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 - The BSE Sensex rose to a record high on Monday and the rupee hit a four-month high after the main opposition party BJP, widely seen by investors as being more business friendly, swept three out of four key state elections held since last month.
MUMBAI - The rupee and bonds rallied on Monday after the country's main opposition party, BJP, which is widely seen by investors as being more business friendly, performed well in state elections.
NEW DELHI - India is considering giving sugar mills as much as $1.17 billion in interest-free loans to help them pay cane-growers, plus additional incentives to encourage them to produce raw sugar for export, the agriculture minister said on Friday.
MUMBAI/LONDON - Indian gold imports may fall 70 percent in the final quarter of 2013 from 255 tonnes in the year-ago period and are expected to be half usual levels at 500-550 tonnes next year if new import rules are maintained, a top trade body official said on Friday.
MUMBAI - A 700 billion rupee sale of shares in state-run Power Grid Corp Ltd received bids for 6.7 times the stock on offer by close on Friday, in an issue that helps the government inch toward its asset-divestment target.
Reuters Market Eye - Overseas investors were buyers of 11.51 billion rupees worth of Indian shares on Thursday, taking total inflows for the year to over 1 trillion rupees, regulatory and exchange data show.
MUMBAI - Gold futures in India extended losses to hit their lowest level in four weeks, weighed by a strong rupee, though a firm overseas market kept the downside limited.
NEW DELHI - A recovery in the rupee is giving Finance Minister P. Chidambaram rare relief in his battle against a threatened credit rating downgrade to junk status by reducing pressure on the government's subsidy bill.
NUSA DUA, Indonesia - Ministers appeared close to sealing the world's biggest trade reform for two decades early on Saturday but a last-gasp objection from Cuba forced an overnight halt, leaving the World Trade Organization four votes short of a final victory.
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