INDIA

China's Navy Gathers Good Will Off Somalia

Chinese Flotilla
Chinese, Indian and Japanese navies in the Gulf of Aden show a sense of pragmatism and cooperation among their forces, but wariness of China's military is unlikely to lift anytime soon in East Asia.
Citibank to lose billions

Citibank India Reports 35% Surge In FY12 Net Profit

The Indian division of the U.S.-based Citibank Tuesday reported a 35 percent rise in its net profit in 2011-2012 fiscal year, driven by robust growth in their corporate and retail banking and mortgage businesses, the bank said in a statement.
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India's Exports, Imports Decline In May

India's exports declined by 4.16 percent to $25.68 billion in May due to a slowdown in global demand, a statement released by the Ministry of Commerce and Industry said on Monday.
Nikkei Stock Exchange

Asian Markets Rise On Japan Data, EU Optimism

Most Asian markets rose Monday amid indications of improving business conditions in Japan and on continued optimism about the measures taken in the EU summit to alleviate the euro zone debt burden.
Indian Prime Minister Manmohan Singh

GAAR: India May Not Go For Retro-Taxing Of Overseas M&A

A committee which was formed to give recommendations on the implementation of the controversial general anti-avoidance rules (GAAR) provisions in India released its draft guidelines Thursday night. The draft guidelines have clarified that the GAAR will not be applied retrospectively.
Asian Markets

EU Summit Proposals Lift Asian Stock Markets

Asian stock markets rallied Friday as sentiment was buoyed after leaders at the European Union summit in Brussels agreed on important plans to tackle the region's debt crisis.

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