India

August 20 2012 10:41 AM

Gold prices continued to decline this week, dragging even lower due to unusually weak demand from China and India - the two largest gold consumers - that has extended for several months.

August 20 2012 7:23 AM

Beni Prasad Verma, Indian Minister for Steel, remarked Monday that inflation was good for the country as it would benefit the farmers. His pithy observation has given the opposition parties more meat to attack the government.

August 20 2012 4:31 AM

According to thee latest report from the World Gold Council, demand for Gold fell to 999 metric tons in Q-2 of Y 2012, down more than -7% from the same period last year and -10% from Q-1. During Q-2, Gold price moved largest sideways within the range of 1500 and 1700. The lack of direction in price sent mixed signals to investment, leading to mildly net outflow of ETF and similar investment during the period. Geographically, China and India are still the largest consumer of the metal, accounting...

August 20 2012 1:17 AM

The Supreme Court will hear final arguments starting this week in a landmark case over drug patents that could change the rules for the country's healthcare sector and potentially curb its global role as a supplier of cut-price generic medicines.

August 19 2012 3:52 PM

For the past week, bad economic data released in major economies surprisingly sent financial markets higher. While such reaction appeared peculiar, this was driven by market expectations of further stimulus from central banks. Investors largely believed that disappointing economic data would add pressure to policymakers so that they would feel the urgency of adding (unconventional) monetary easing measures.

August 19 2012 2:05 AM

Finance minister urged state-run banks to increase lending for consumer durables on Saturday, saying this would help boost the manufacturing sector which has been caught up in the slowdown of the economy.

August 18 2012 12:56 PM

France, Germany, Spain, China and Japan, among other nations, have moved by leaps and bounds ahead of the U.S. in cutting-edge rail transportation (and in rail line profitability), while Amtrak struggles to survive on budgetary scraps from Congress. Many rail experts believe that only investments from the private sector and sovereign wealth funds can save Amtrak.

August 18 2012 1:25 AM

Advisers to the prime minister issued a stern warning to the government on Friday on the need to rein in the country's fiscal and current account deficits to avoid the risk of a credit ratings downgrade to junk status.

August 18 2012 12:34 AM

With the deepening of India's economic troubles, investors expect that Finance Minister P Chidambaram will take bold measures to boost the market confidence and rejuvenate growth.