Reuters
Markets
Sensex records worst weekly fall in three weeks on poor earnings, hawkish Fed
Indian shares reversed course and ended higher on Friday, led by gains in information technology (IT) and automobile stocks, after ......
Finance
Why India's $86-bn bank rescue effort isn't enough to ease the distress
It may not be quite a bottomless pit but the Indian government’s repeated injections of funds into the nation’s state-owned ......
People
Mindtree names former Cognizant executive as CEO
Indian IT services firm Mindtree Ltd on Friday named former Cognizant executive Debashis Chatterjee as its new managing director and ......
Infrastructure
Maharashtra govt grants infrastructure status to $10-bn hyperloop plan
Maharashtra has granted infrastructure project status for a $10-billion plan to build the world’s first ultra-fast hyperloop project, aiming to ......
Finance
Aviva plans to sell insurance business in India, other Asian countries
British life and general insurer Aviva (AV.L) is looking to sell its Asia business, valuing the unit at more than ......
Markets
Sensex drops to five-month low as Fed's comments dampen global investor sentiment
Indian shares ended at a five-month low on Thursday, dragged by public sector banks and metal stocks, as comments from ......
Finance
BlackRock raises $2 bn for global credit fund
BlackRock Inc, the world's largest asset management firm, said on Wednesday it had raised $2 billion for its flagship opportunistic ......
Manufacturing
India factory activity quickens in July on stronger demand
India’s factory activity accelerated in July as domestic demand and output strengthened, encouraging firms to hire at the fastest rate ......
Finance
US Fed lowers interest rates for first time since 2008
The Federal Reserve cut interest rates on Wednesday for the first time since 2008, citing concerns about the global economy ......
Finance
Fiscal deficit crosses 61% of budgeted target in first three months of 2019-20
India’s fiscal deficit in the three months ending in June stood at 4.32 trillion rupees ($62.80 billion), or 61.4% of ......
