Reuters
General
BRICS to commit $100B to foreign exchange fund, completion a way off
The BRICS group of emerging economies will contribute $100 billion to a fighting fund to steady currency markets destabilized by ......
TMT
Services activity shrinks again in August, weakest since 2009
Indian services activity shrank in August at its quickest pace since the depths of the global financial crisis as new ......
General
Raghuram Rajan takes over as RBI chief, says economy fundamentally sound
Raghuram Rajan, a suave, unflappable University of Chicago economist, stepped into the eye of the storm roiling India's economy on ......
TMT
Verizon, Vodafone agree to $130B wireless deal in third biggest M&A ever
Verizon Communications agreed on Monday to pay $130 billion to buy Vodafone Group out of its U.S. wireless business, signing ......
TMT
Microsoft to acquire Nokia's mobile handset business for $7.2B
Microsoft Corp on Tuesday said it would buy Nokia’s mobile phone business for 5.44 billion euros, and the Finnish firm ......
Manufacturing
Factory activity shrinks in August
Indian factory activity shrank for the first time in more than four years last month, adding to the country's deepening ......
General
Qatar bolstering sovereign wealth fund team to diversify portfolio in Asia and the US
Qatar's sovereign wealth fund, one of the world's most aggressive investors, is hiring senior bankers and industry executives to lessen ......
Infrastructure
Etihad extends deadline for Jet Airways deal
Etihad Airways expects a $600 million investment in Jet Airways to be cleared by Indian authorities imminently, as it further ......
General
GDP grew just 4.4% in Q1, below estimates
India's economy grew at the slowest quarterly rate since the global financial crisis in the three months through June, lower ......
Infrastructure
Lok Sabha passes land acquisition bill
The Lok Sabha approved land reforms on Thursday that boost farmers' rights but are opposed by other businesses who say ......
