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
MILAN - Italy's Finmeccanica said on Tuesday it had reached a agreement with prosecutors to settle legal proceedings over a high profile helicopter contract between one of its units and India, adding this did not equal an acknowledgment of any wrongdoing.
NEW DELHI - With grain silos spilling over, exports on the rise and an avowed market champion for prime minister, India's threat to trash a global trade deal in the name of food security appears puzzling.
REUTERS - Top Indian mobile carrier Bharti Airtel posted a 61 percent rise in quarterly profit on Tuesday but fell short of analyst estimates as its African business continued to weigh.
MUMBAI - ITC Ltd , India's largest cigarette maker, reported a better-than-expected 25 percent rise in quarterly sales as demand for smaller and cheaper cigarettes grew and its consumer goods business put in a stronger performance.
MUMBAI - Generic drugmaker Ranbaxy Laboratories Ltd posted a net loss for the quarter to end-June after making a provision related to "ongoing settlement discussions" with U.S. government authorities.
MUMBAI - Flipkart, India's largest e-tailer, said on Tuesday it raised a fresh round of funding worth $1 billion as it tries to aggressively scale up after Amazon.com Inc's rapid expansion in the country has heated up competition.
Reuters Market Eye - Havells India Ltd falls 1.9 percent after April-June net profit lags estimates.
MUMBAI - Hindustan Unilever Ltd (HUL) sees no immediate sign of recovery in demand for consumer goods after a transport strike last year helped sales volume in April-June outgrow estimates for the first time in eight quarters.
Reuters Market Eye - Shares in Bank of Baroda gain 1.4 percent as April-June earnings at 13.62 billion rupees ($226.64 million) beat estimates.
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