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 sees biggest fall in three weeks on broad dollar gains

MUMBAI - The rupee weakened for a fourth consecutive session on Tuesday, dropping the most in three weeks, tracking weaker Asian currencies amid caution ahead of key events including a European Central Bank meeting and U.S. monthly jobs data.

02 Sep 2014

Gold imports, premiums to jump on festive demand - top refiner

MUMBAI - Indian gold imports and premiums are likely to surge during the rest of the year as buying picks up for the wedding and festival season, the head of the country's biggest gold refiner said on Tuesday.

02 Sep 2014

Mumbai hit by big power cuts after technical glitch at Tata Power unit

MUMBAI - Power cuts hit large areas of Indian financial capital Mumbai on Tuesday following a technical glitch at an electricity generation unit, but back-up generators at banks and brokerages ensured that financial business was largely unaffected.

Top News, Business 02 Sep 2014

South Korea delays smog tax amid pressure from car makers

SEOUL - South Korea has delayed a proposed tax on vehicle carbon emissions by over five years to the end of 2020, amid pressure from domestic and U.S. car makers who fear the levy would curb sales.


Sensex surges past 27,000 to third consecutive life high

MUMBAI - The BSE Sensex on Tuesday surged past the psychologically key level of 27,000 to a third consecutive record high as blue-chips such as HDFC Bank gained after recent data raised hopes about the economy.

02 Sep 2014

Cipla jumps 8.7 percent after key generic launch

Reuters Market Eye - Shares in Cipla Ltd on Tuesday rose as much as 8.7 percent to a record high of 575 rupees after the drugmaker launched an anti-asthma inhaler in Germany and Sweden.

02 Sep 2014

RBI amends Basel III guidelines for banks

MUMBAI - Indian banks can now issue Tier 2 capital with a minimum original maturity of 5 years as against 10 years previously, the Reserve Bank of India (RBI) said in a notification on Monday, amending some guidelines on Basel III implementation in India.

Business, Economy 01 Sep 2014

Rupee recovers from session low; gains in local shares aid

Reuters Market Eye - The rupee is trading at 60.54/55, off the session low of 60.68 and versus Monday's close of 60.5250/5350.

02 Sep 2014

Rupee weakens marginally; ECB meet in focus

MUMBAI - The rupee weakened marginally on Monday in the absence of any fresh domestic triggers, with traders waiting for the outcome of the European Central Bank's policy meeting this week for near-term direction.

01 Sep 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