India's Reliance Industries on Monday reported a 5.7-percent slide in September quarter profits from a year ago, as the company scales back investment in India's largest oil and gas fields.

India's inflation accelerated to 7.8 percent in September after the government hiked subsidized fuel prices to rein in the budget deficit.

Mining giant Vedanta said Sunday it has temporarily shut its aluminum refinery in the eastern Indian state of Orissa due to a serious shortage of bauxite.

Industrial production in India rose 2.7 percent in August, more than expected on a rebound in mining activity, though investment still appears weak.

Tens of thousands of poor Indians fighting for land reform ended their protest march to New Delhi on Thursday after signing an agreement with the central government, a campaign spokesman said.

Global ratings agency Standard & Poor's warned on Wednesday that India still faced at least a “one-in-three” risk of its credit rating being cut to junk status, despite a blitz of economic reforms.

U.S. Treasury Secretary Timothy Geithner welcomed New Delhi's new-found appetite for economic reform on Tuesday, barely three months after Washington had voiced concern about India's deteriorating investment climate.

Indian Finance Minister P. Chidambaram said Monday the government was working on “a credible and feasible” plan to reduce its yawning budget deficit, which has alarmed investors and ratings agencies.

India's embattled Prime Minister Manmohan Singh pushed ahead Thursday with his make-or-break reform agenda as the government prepared to approve the latest batch of measures to open up the economy.

India's wealthy, from old money to nouveaux riches IT entrepreneurs, are quietly snapping up hotels and mines Down Under just as Australia embarks on an immigration campaign to attract long-term investment.