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
WASHINGTON - The United States said on Wednesday it will press India's new prime minister to end his blockage of a global trade pact when he visits Washington this month, something that could dampen the mood of a trip aimed at revitalizing strategic ties.
NEW DELHI - China and India will sign a $6.8 billion deal to establish two industrial parks aimed at reducing trade imbalances, Wang Hejun, economic and commercial counselor of the Chinese embassy in India said on Wednesday.
Reuters Market Eye - Apollo Hospitals Enterprise gains 1.9 percent, says will buy pharmacy chain Hetero Med Solutions for 1.46 billion rupees ($23.94 million).
MUMBAI - Indian online classifieds portal Quikr has secured $60 million from backers led by U.S. investor Tiger Global Management LLC to boost product development and expand its mobile business, the company said on Wednesday.
NEW DELHI - Budget airline IndiGo has signed a $2.6 billion deal with Industrial and Commercial Bank of China Ltd (ICBC) for the lender to finance more than 30 new aircraft, the carrier said in a statement on Wednesday.
MUMBAI - Generic drugmaker Ranbaxy Laboratories Ltd said on Wednesday that federal authorities in the United States had sought details on how it reports pricing data for some products eligible for reimbursement under the Medicaid program.
Reuters Market Eye - Yes Bank gains 2.1 percent vs flat performance in Bank Nifty.
MUMBAI - The BSE Sensex rose on Wednesday, recovering from nearly 2-1/2-week lows hit in the previous session, as hopes the U.S. Federal Reserve would keep its stimulus measures boosted exporters such as Infosys Ltd and other blue chips.
Reuters Market Eye - The rupee gained for a second consecutive session on Wednesday, tracking other Asian currencies, on expectations the U.S. Federal Reserve would not move to hike interest rates at the end of its meeting later in the day.
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