Friday, June 21, 2013
India's rupee hit a new record low against the dollar Thursday, on concerns the U.S. Federal Reserve would scale back its stimulus program that has pumped billions of dollars into global markets.
Tuesday, June 18, 2013
India's central bank kept its benchmark interest rates unchanged on Monday, after three successive cuts, citing inflationary concerns and a weak rupee in the face of a global economic slowdown.
Saturday, June 15, 2013
India's inflation cooled to a more than three-year low in May, data showed Friday, but the rupee's plunge will likely stall any interest rate cut to kick-start the ailing economy.
Thursday, June 13, 2013
India's industrial output grew by a worse-than-expected 2 percent in April, official data showed on Wednesday, suggesting that the recovery of Asia's third-largest economy remains elusive.
Tuesday, June 11, 2013
India's rupee slid to a record low against the dollar Monday as dealers moved into the U.S. currency following robust U.S. jobs data and growing concern about the South Asian nation's struggling economy.
Friday, June 7, 2013
Reliance Industries, India's biggest private firm, plans to invest 1.5 trillion rupees (US$26 billion) in its businesses over the next three years, Chairman Mukesh Ambani told shareholders on Thursday.
Tuesday, June 4, 2013
Shares of Indian outsourcing giant Infosys rose as much as 9.02 percent on Monday, as investors cheered the return of co-founder Narayana Murthy, hopeful he would revive the company's flagging fortunes.
Saturday, June 1, 2013
India's economic growth fell to its slowest pace in a decade for the latest fiscal year, faltering amid government failures to act on planned reforms to encourage investment and improve industry performance.
Wednesday, May 15, 2013
Inflation in India eased to its lowest level since 2009 in April, data showed Tuesday, fanning hopes that the central bank would cut interest rates further to help spur a sharply slowing economy.
Saturday, May 11, 2013
India's industrial output grew by a surprise 2.5 percent in March from a year ago, official figures showed Friday, fuelling hopes that the country's sharp economic slowdown may have bottomed out.