Reuters
General
Rupee offers budget relief as subsidy pressure eases
A recovery in the rupee is giving Finance Minister P. Chidambaram rare relief in his battle against a threatened credit ......
General
BSE Sensex hits one-month closing high, banks surge
The BSE Sensex rose more than 1 percent on Thursday to its highest close in a month as stocks of ......
TMT
Vodafone to invest $3 billion in Indian networks over next two years
Vodafone Group Plc plans to invest $3 billion in Indian networks in the next two years, Chief Executive Officer Vittorio ......
General
India allows greater flexibility for pension fund investments
India will allow a portion of the country's $80 billion in employee pensions to be invested in a wider array ......
TMT
Ministers back plan for spectrum fee in telecom M&A deals
A ministerial panel on Tuesday approved a plan to impose a fee on telecoms carriers for mobile phone spectrum acquired ......
Infrastructure
Power Grid $1.1B share sale fully covered
A $1.1 billion share sale in state-run Power Grid Corp of India was fully covered on Wednesday, the second day ......
General
RBI proposes new capital rules for banks too-big-to-fail
The Reserve Bank of India (RBI) plans to introduce increased capital requirements by 2016 for banks regarded as too big ......
General
India BOP deficit rises in July-Sept; current account gap narrows
India's balance of payments deficit surged despite a sharp improvement in the current account deficit in the July-September quarter, primarily ......
Consumer
H&M gets FIPB nod to invest $115M
Swedish retailer Hennes & Mauritz has received final approval from India's Foreign Investment Promotion Board (FIPB) to invest 7.2 billion ......
Manufacturing
ArcelorMittal, Nippon Steel to buy Thyssen US plant for $1.55B
Arcelormittal and Nippon Steel & Sumitomo Metal Corp agreed to buy ThyssenKrupp's steel plant in the United States for $1.55 ......