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Friday, February 28, 2014
Indian opposition candidate for prime minister Narendra Modi said on Thursday the country's millions of family-owned traders must learn to work with large modern stores and online retailers, in comments that could signal a shift in thinking.
Monday, February 10, 2014
Despite economic downturn, luxury cars sell quickly in India
German giant Mercedes admits it was "a little surprised" when Indian customers snapped up 125 of its new top-of-the-line S-Class luxury cars costing US$250,000 apiece in just 16 days.
Wednesday, January 29, 2014
India's central bank announced a surprise 25 basis point hike in its key interest rate Tuesday, signaling that taming inflation is its key priority, rather than spurring growth, just months before a general election.
Friday, January 24, 2014
The Reserve Bank of India today decided to withdraw all currency notes issued prior to 2005, including 500 and 1,000 denominations, after March 31 in a move apparently aimed at curbing black money and fake currencies.
Friday, January 3, 2014
India aims to throw open its doors wider to overseas investors, a minister said Wednesday, as it seeks to spur a slumping economy before the general election.
Thursday, December 19, 2013
India's central bank surprised many Wednesday by keeping its key interest rate unchanged despite the worrying rise in inflation.
Tuesday, December 17, 2013
India inflation reaches 14-month high of 7.5%
India's worrisome inflation rose to 7.52 percent in November, driven by soaring food and fuel prices, data showed Monday. The highest level in more than a year increases pressure on the central bank to raise interest rates this week.
Saturday, December 14, 2013
India's industrial output shrank by a surprise 1.8 percent in October and retail inflation accelerated to a nine-month high, data showed Thursday, dealing a double blow to recovery hopes for Asia's third-largest economy.
Friday, November 8, 2013
India pushes level playing field for foreign banks
India's central bank has moved to level the playing field for foreign banks, opening up new opportunities for overseas lenders in Asia's third-largest economy.
Wednesday, October 30, 2013
India's central bank hikes key interest rate
India's new central bank governor hiked the key interest rate Tuesday for a second month running, disregarding calls for lower borrowing costs as he remains focused on battling high inflation.
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