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
NEW DELHI - Falling crude oil prices have helped lawyer Pratik Mehra get off the bus and back behind the wheel of his car, cutting his travel time to work by a third.
MUMBAI - India's decision to remove price controls on diesel and to raise natural gas prices signals fiscal discipline and is a "credit positive" step, although the overall impact could be limited, Moody's Investors Service said on Tuesday.
MUMBAI - HDFC Bank Ltd, India's second-biggest private sector lender by assets, on Tuesday reported a 20 percent rise in quarterly net profit, lagging estimates, due to higher tax expenses and provisioning for loan losses.
Reuters Market Eye - Adani Enterprises gains 2 percent, while Adani Power is up 4 percent.
Reuters Market Eye - Cairn India Ltd's July-Sept operating profit may lag consensus, according to the Thomson Reuters StarMine's SmartEstimates.
CHANGSHU China - British luxury carmaker Jaguar Land Rover Ltd sees sales growth in China roughly halving this year and decelerating even further next year due to a larger base of comparison and slower expansion of the world's largest auto market.
Reuters Market Eye - Bharti Airtel gains 1.5 percent after rival Idea Cellular’s earnings beat estimates.
Reuters Market Eye - Power Finance Corp gains 5 percent, while Rural Electrification Corp is nearly 5 percent.
MUMBAI - The BSE Sensex and Nifty rose for a third straight session on Tuesday to mark their highest close in 1-1/2 weeks as coal-related stocks such as Jindal Steel and Power surged on the government's plans to auction coal blocks the top court cancelled in August.
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