Tuesday, December 17, 2013
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'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 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.
Tuesday, October 15, 2013
A four-fold surge in the cost of onions helped push Indian inflation to a seven-month-high in September, data showed Monday, fueling expectations of another interest rate hike as authorities struggle to get the economy back on track.
Saturday, October 12, 2013
Indian outsourcing giant Infosys on Friday reported a lower-than-expected 1.6 percent rise in quarterly net profit but raised its full-year revenue outlook, driving its shares up more than five percent.
Wednesday, October 9, 2013
India's car sales fell nearly five percent in the first half of the financial year, the steepest drop in a decade, as buyers steered clear of showrooms due to a weak economy, data showed Tuesday.
Saturday, September 21, 2013
India's new central bank chief unexpectedly raised interest rates Friday, putting a higher priority on taming stubbornly high inflation than bowing to pressure to juice the struggling economy with cheap credit.
Tuesday, September 17, 2013
India's inflation rose unexpectedly in August to a six-month-high, data showed Monday, adding to challenges confronting the new central bank chief, who is already grappling with a slowing economy and a weak currency.
Monday, September 9, 2013
The euphoria which greeted new central bank governor Raghuram Rajan has been unprecedented in India's normally sober financial world but the honeymoon may be shortlived.