Articles by India

  • Indian Independence Day Celebrations in Pictures
    India Celebrates 66th Independence Day (PHOTOS)

    August 15 2012 4:58 AM EDT

    India Wednesday celebrated its 66th Independence Day with gaiety and fervor. The celebrations were held in offices, colleges and schools across the country with cultural programs.

  • Pre-Opening Wheat Market Report

    August 14 2012 10:41 AM EDT

    September Chicago wheat is trading 8 cents higher near 7:30 am CST. Kansas City and Minneapolis wheat are trading slightly higher as well. Wheat markets saw a steady to higher trade overnight as traders await the results of another Egyptian tender which was released late yesterday afternoon. The November Matif Milling Wheat contract is trading marginally higher. European markets opened slightly stronger overnight after better than expected economic data was reported out of Germany and France.

  • India's 66th Independence Day: Will Manmohan Singh Paint A Rosy Picture Amid Glaring Issues?

    August 14 2012 6:56 AM EDT

    Unless India's Congress-led United Progressive Alliance (UPA) government has been hiding all the ground-breaking policy decisions for next year, the 2014 general elections aren't likely to go their way. However, a latest survey indicates that they won't go the other way either, with the Bharatiya Janata Party (BJP)-led main opposition National Democratic Alliance (NDA) likely to lose seats, raising the hopes for a third political front to come to power.

  • India's Cabinet Minister, Congress Leader Vilasrao Deshmukh Dies

    August 14 2012 6:50 AM EDT

    India's cabinet minister and former Maharashtra chief minister Vilasrao Deshmukh died Tuesday at a hospital in Chennai, Indian media reported. He was suffering from malignant hepatoma, a type of liver cancer, which had led to multiple organ failure.

  • Rupee
    India’s Imports, Exports Drop In July

    August 14 2012 6:41 AM EDT

    India's exports and imports declined for the second consecutive month in July due to the global economic slowdown and a fall in the prices of oil.

  • India's WPI Inflation Drops Below 7%, Markets Post Gains

    August 14 2012 5:29 AM EDT

    India's wholesale price index (WPI) declined to 6.87 percent in July, contrary to analysts' expectations, triggering hopes for further rate cuts by the Reserve Bank of India.

  • Rupee
    India’s Independence Day: Ailing Economy To Dampen Celebrations

    August 14 2012 1:47 AM EDT

    As India gets ready to celebrate its 66th Independence Day August 15, it appears to be no time to rejoice with its economy faltering as a result of the global economic slowdown and weak governance.

  • onion
    July inflation Likely Up Due to Poor Rains

    August 14 2012 12:28 AM EDT

    Inflation probably crept up in July as poor monsoon rains drove food prices higher, a Reuters polls showed on Wednesday, giving the RBI less room to cut interest rates to revive a flagging economy.

  • Kashmiri Women Threatened With Acid Attack Violence For Not Wearing Veils

    August 13 2012 2:21 PM EDT

    The posters added: “This land belongs to Allah and we will make sure that nothing against His will happens here.”

  • Thailand Rice Exports at Risk: Korn Chatikavanij

    August 13 2012 4:44 AM EDT

    Government intervention puts Thai Rice exporters in peril. Thailand's world-class rice industry is in a saddened state, millions of tons of rice that no one wants, huge losses for the state budget, farmers more interested in quantity than quality, exporters exiting the trade.

  • An investor is reflected in a screen showing stock information at a brokerage house in Shenyang
    Asian Stocks Fall On Weak Japan Data

    August 13 2012 12:48 AM EDT

    Most of the Asian markets fell Monday as investors continued to have worries that the global economy is weakening and the growth is losing its momentum following the weak GDP data from Japan.

  • A man leaves an automated teller machine (ATM) facility of ICICI bank in Kochi
    ICICI Treads Cautiously on Return to Growth Path

    August 13 2012 12:23 AM EDT

    With its once-sickly loan portfolio on the mend after several years of consolidation that saw it lose market share, ICICI is looking once again to grow faster than the industry - though more cautiously this time around.

  • Gold, Silver and Oil Price Outlook

    August 12 2012 2:29 PM EDT

    Gold's price continued to struggle trading above 1600 last week. The lack new catalysts to drive the Precious Yellow metal higher in the near-term seems to be the cause, as both the US Fed and the ECB did not announce new quantitative easing (QE) measures.

  • ONGC
    India's ONGC Announces Huge Oil Discovery Off West Coast

    August 12 2012 2:40 AM EDT

    India's Oil and Natural Gas Corporation (ONGC) on Saturday announced a big oil discovery in the currently producing D1 oilfield off the West Coast that will boost the state-run firm's declining oil production.

  • Asian Stocks
    Asian Stock Markets Week Ahead: Investors To Focus On US, Europe Data

    August 11 2012 11:17 PM EDT

    Asian stock markets ended with gains last week as sentiment continued to improve on hopes that the European Central Bank would shortly take policy action to lower the peripheral bond yields of struggling nations such as Italy and Spain.

  • Weekly Fundamentals - Brent Crude Soared Despite IEA's Cut on Demand Outlook

    August 11 2012 2:52 PM EDT

    Disappointing Chinese trade data and downgrade of IEA's oil demand forecasts triggered retreat in oil prices on Friday, despite gains were restored on weekly basis. China's trade surplus narrowed sharply to $25.15B in July from $31.72B a month ago. Export growth declined to +1.0% y/y, compared with +11.3% in June, reflecting weakness in global economic activities. Deterioration of the sovereign debt crisis in the Eurozone and the economic slowdown in the US hurt China's export demand in...

  • A lone Kingfisher Airlines customer waits in a check-in queue at Mumbai's domestic airport
    India's Kingfisher Airlines Reports 147% Increase In Losses

    August 11 2012 5:36 AM EDT

    India's struggling private air carrier Kingfisher Airlines Saturday reported a 147 percent increase in its loss to 6.51 billion rupees for the quarter ending June 30, compared with a loss of 2.64 billion in the same period a year ago.

  • India May Not Implement ‘Free Mobile To Poor’ Scheme

    August 11 2012 5:05 AM EDT

    The Indian government's proposed plan to provide free mobile phones to every family below the poverty line may not take off as the Finance Ministry and the opposition parties objected to the move.

  • A lone Kingfisher Airlines customer waits in a check-in queue at Mumbai's domestic airport
    Kingfisher Reports Loss of Rs.6.51 Billion in June Quarter

    August 11 2012 4:44 AM EDT

    Kingfisher Airlines, which used to be India's second biggest carrier but is now struggling with crushing debt, posted another quarterly loss on Saturday and shed no light on any potential funding lifeline.

  • Honda, Usha International Part Ways In India

    August 11 2012 1:52 AM EDT

    Japanese car maker Honda's Indian subsidiary Friday ended a 16-year old partnership with Usha International Ltd (UIL) by buying the 3.16 percent shares held by the latter in Honda Siel Cars India Ltd.