Wednesday, June 26, 2013
Indian IT outsourcer Tech Mahindra on Tuesday completed a takeover of its partly owned unit Mahindra Satyam, creating a new force in the sector with annual revenues of US$2.7 billion.
Monday, June 24, 2013
Bad weather hampered efforts on Sunday to evacuate thousands of people stranded in the northern India state of Uttarakhand, where at least 1,000 people have died in monsoon flooding and landslides, army officials said.
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.