MUMBAI Indian Oil Corp (IOC), the country's top refiner, will turn to its traditional oil suppliers, mostly in the Middle East, if U.S. sanctions against Iran result in supply disruptions, its head of finance said.
MUMBAI State Bank of India (SBI) projected a recovery over the next two years after a record 77.18 billion-rupee ($1.13 billion) fourth-quarter net loss following stricter central bank rules around bad loans, sending its shares to a nearly six-week closing high.
NEW DELHI The archbishop of Delhi has called for a prayer campaign until the next general election in an unprecedented political intervention, citing a threat to the country's secular fabric, triggering angry reactions from the ruling Hindu nationalist party.
BENGALURU/KOCHI A rare virus spread by fruit bats, which can cause flu-like symptoms and brain damage, has killed 10 people in southern India, health officials said on Tuesday, with at least nine more being treated.
NEW DELHI India will build government stockpiles of sugar to cut a surplus in the market, two official sources said on Tuesday, a move that will prop up local prices and help money-losing mills pay dues to millions of cane growers, a key voting bloc.
NEW DELHI The Competition Commission of India (CCI) has approved the acquisition of U.S. seed major Monsanto Co by Bayer AG, in a decision that moves the $62.5 billion deal a step closer to the finish line.
BEIJING Washington neared a deal to lift its ban on U.S. firms supplying Chinese telecoms gear maker ZTE Corp, sources said on Tuesday, and Beijing announced tariff cuts on car imports, further easing trade tensions between the world's two largest economies.
GENEVA Japan, Russia and Turkey have warned the United States about potential retaliation for its tariffs on steel and aluminium, the World Trade Organization said on Tuesday, bringing the total U.S. tariff bill to around $3.5 billion annually.
KANDAHAR, Afghanistan A blast in the southern Afghan city of Kandahar on Tuesday caused dozens of casualties, officials said, as fighting across the country showed no sign of easing off during the Muslim holy month of Ramadan.
KUALA LUMPUR The government of ousted Malaysian Prime Minister Najib Razak deceived parliament over the finances of state fund 1MDB and suppressed an investigation by intimidating and purging anti-corruption agents, officials said on Tuesday.