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August, 25, 2016

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Business > Asia > India
Life is about to get a little easier for Indonesians who use motorcycle taxis to weave through Jakarta's notorious traffic-choked streets -- a new ride-hailing app is promising to ban smelly drivers.
 
New Delhi on Friday announced a plan to make air travel affordable for millions more Indians, with schemes to revive ailing airports and connect rural areas that it said would "take flying to the masses."
 
India's factory output slumped to a seven-month low in September on weak demand, a survey showed Thursday, adding weight to the central bank's view that the country's economic recovery was fragile.
 
France to hold talks in India on Rafale deal: official
French and Indian defense officials are to hold fresh talks Tuesday on the purchase of 36 Rafale jets, with hopes drawn-out negotiations on the multibillion-dollar deal are close to concluding, an official said.
 
India's central bank aggressively cuts interest rates to four-year low
India's central bank aggressively cut interest rates on Tuesday in a bid to kick-start economic growth, following a sharp drop in inflation.
 
Indonesia on Tuesday unveiled more stimulus measures to woo desperately needed investment, in its latest bid to boost the sliding rupiah and breathe new life into the slowing economy.
 
India successfully launched Monday its first high-tech telescopes into space to study the stars, as New Delhi seeks to take another major step in its ambitious and low-cost space program.
 
India cleared on Tuesday a US$2.5 billion deal to buy 37 military helicopters from aviation giant Boeing, on the eve of Prime Minister Narendra Modi's visit to the United States.
 
Three years ago India was the weakling of the emerging markets clan, politically stagnant and struggling to grow -- but as gloom engulfs other developing economies, the subcontinent is enjoying a moment in the sun.
 
Millions of India's workers have vowed to go on strike on Wednesday against right-wing Prime Minister Narendra Modi's "anti-labour" economic policies.
 
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