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.
Car sales in India fell by over 10 percent in April, industry data showed Friday, as the country's once red-hot car market reels from high ownership costs, costly fuel and an economic downturn.
Tuesday, May 7, 2013
Indian services growth eased dramatically during April as new orders came in at a much slower pace, prompting firms to rein in hiring plans, a business survey showed on Monday.
Saturday, May 4, 2013
India's central bank has cut a key interest rate by a quarter percentage point to try to revive stalled economic growth. The bank's governor warns, however, that persistent inflation will prevent much more aggressive rate cuts beyond the new 7.25 percent level.
Tuesday, April 16, 2013
Inflation in India declined to a three-year low in March, possibly allowing the central bank to keep cutting interest rates to help revive a sputtering economy.