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 - NTPC, India's largest power producer, scrapped its bond sale scheduled for Thursday after a sell-off in government bonds caused worries about the pricing of its debt, four sources with direct knowledge of the bond sale said.
NEW DELHI - India has launched a wide-ranging surveillance programme that will give its security agencies and even income tax officials the ability to tap directly into e-mails and phone calls without oversight by courts or parliament, several sources said.
Reuters Market Eye - Sintex Industries Ltd's shares fall 4 percent after the announcement of the stock's exclusion from the National Stock Exchange's (NSE) derivatives segment.
NEW DELHI - India is unlikely to ban gold imports or increase import taxes on the metal further, as that may lead more gold smuggling, a senior finance ministry official said on Thursday.
NEW DELHI - India has no plans to increase the size of its inflation-indexed bond issuance in the first half of the current fiscal year, a senior finance ministry official told Reuters on Thursday, declining to be identified.
Reuters Market Eye - Shares of large cap private banks fall as traders fear that high foreign holding in these stocks makes them more vulnerable, as a sell-off after the Federal Reserve heralded an eventual end to free money.
MUMBAI - The Reserve Bank of India (RBI) likely sold dollars via state-run banks after the rupee slid to a record low on Thursday, several dealers said, as fears of foreign outflows from India are roiling domestic bond and stock markets.
NEW DELHI - Finance Minister P. Chidambaram held a meeting with his top civil servants on Thursday about the fall of the rupee, which has plunged to a record low level.
NEW DELHI - The government is not short of options to tackle the fall of the rupee and will take actions as necessary, the top adviser in the finance ministry told reporters on Thursday, after the rupee fell to a record low.
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