Reuters
Finance
RBI panel favours allowing foreign portfolio investors to directly buy bad loans
A task force set up by India’s central bank on Tuesday recommended a slew of measures for developing a secondary ......
Markets
Nifty, Sensex slump 2% after dismal growth data
Indian shares plunged 2% on Tuesday in a broad-based selloff, as investors fretted over data that showed the economy grew ......
Manufacturing
Tata Steel to shut some operations in UK, 400 jobs at stake
The Tata Steel Ltd said on Monday it would shut parts of its non-core businesses in the United Kingdom, a ......
Manufacturing
Automakers demand tax cuts as sales plummet for 10th month
India’s passenger vehicles sales are set to fall for a tenth consecutive month in August, forcing analysts to slash their ......
Manufacturing
India manufacturing growth slows to 15-month low in August
Expansion in India’s manufacturing sector hit its slowest in 15 months in August as demand and output grew at their ......
Economy
India's economic growth slumps to 5% in April-June quarter
India’s economy expanded at its weakest pace in more than six years in April-June, as consumer demand and private investment ......
Economy
Fiscal deficit crosses 77% of budgeted target in first four months of FY20
India’s fiscal deficit in the four months through July stood at 5.48 trillion rupees ($76.65 billion), or 77.8% of the ......
Markets
Nifty, Sensex end higher after two weeks of losses; pharma gains
Indian shares ended higher on Friday, recording their first weekly gain in three, as investors cheered signs of progress in ......
Finance
Dewan Housing board approves conversion of debt to equity
India's crisis-hit shadow bank Dewan Housing Finance Corp (DHFL) said on Friday its board had approved a plan that included ......
Economy
India to woo foreign firms like Apple to capitalise on US-China trade war
India is targeting companies including Apple, Foxconn and Wistron Corp with a charm offensive aimed at encouraging them to shift ......
