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Reuters

Rupee offers budget relief as subsidy pressure eases

General

06 December, 2013

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 ......

BSE Sensex hits one-month closing high, banks surge

General

05 December, 2013

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 ......

Vodafone to invest $3 billion in Indian networks over next two years

TMT

05 December, 2013

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 ......

India allows greater flexibility for pension fund investments

General

04 December, 2013

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 ......

Ministers back plan for spectrum fee in telecom M&A deals

TMT

04 December, 2013

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 ......

Power Grid $1.1B share sale fully covered

Infrastructure

04 December, 2013

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 ......

RBI proposes new capital rules for banks too-big-to-fail

General

03 December, 2013

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 ......

India BOP deficit rises in July-Sept; current account gap narrows

General

02 December, 2013

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 ......

H&M gets FIPB nod to invest $115M

Consumer

02 December, 2013

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 ......

ArcelorMittal, Nippon Steel to buy Thyssen US plant for $1.55B

Manufacturing

30 November, 2013

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 ......