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July, 23, 2016

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Business > Asia > India
India's inflation slowed to a four-month low in June, data showed Monday, but a weak monsoon could push up food prices and pose headaches for the new government.
 
India reveals first budget featuring 'Modi-nomics'
India's new right-wing government under Prime Minister Narendra Modi unveiled its maiden budget Thursday, promising a new era of fiscal prudence and greater opportunities for foreign investors in key sectors of the economy.
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India's economic growth is expected to accelerate this year and could reach nearly six percent, a key government study said Wednesday ahead of the first national budget by the new right-wing government.
 
Indian equities climbed to a fresh high Monday for the second time in less than a week as parliament opened ahead of a budget expected to see the announcement of long-term reforms.
 
Indian stocks surged to a record high Wednesday on hopes that the newly elected government will announce reforms to revive the economy in its first budget next week.
 
State-run cement producer Semen Indonesia (SMGR) said it had signed an offtake agreement with its Vietnamese subsidiary Thang Long Cement Company (TLCC) to help the latter refinance its US$140-million debts.
 
India's inflation accelerated to a five-month high in May, in a worrying sign for Prime Minister Narendra Modi's new government which has made fighting price rises a priority.
 
Asia's biggest budget carrier AirAsia launched its debut flight in India on Thursday, fueling a cut-throat fare war in a sector already reeling from losses.
 
AirAsia sparks fare war with first India flight
Asia's biggest budget carrier AirAsia is set to make its maiden Indian flight this week, fuelling a cut-throat fare war in a sector already reeling from losses.
 
American household wealth reached a new record in the first quarter of 2014 thanks to a rising stock market and an improving housing market, according to U.S. data released Thursday.
 
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