INDIA

IMF raises its GDP growth forecast for the U.S.

IMF Increases US Economic Growth Forecast

The International Monetary Fund on Tuesday raised its projection of growth in the U.S. gross domestic product to 2.1 percent this year and 2.4 percent next year, from 1.7 percent in 2011.
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The Reserve Bank of India logo is pictured outside its head office in Mumbai

Reserve Bank Of India Likely To Cut Repo Rate

The Reserve Bank of India (RBI) is expected to ease rates when it announces the annual credit policy on Tuesday, in order to lift constraints on lending and in a response to the continued shortage of liquidity in the banking sector faced with a slow moving economy.
Taliban Attack in Kabul

Taliban Attack Embassies, Parliament In Heart Of Kabul

Taliban fighters launched a coordinated wave of assaults across Afghanistan Sunday, targeting the embassy district of Kabul and parliament, as well as trying to strike an airbase used by American troops, officials said.
Gold Coins

Gold Prices Fall Hard As Dollar Soars

Gold prices slipped below $1,670 an ounce on Friday, pausing in their biggest one-week rally since late February as the dollar firmed against key currencies, with the euro falling out of favour due to worries over Spain's financial health.
A customer looks at laptops at a Dell outlet in Beijing

HP Keeps PC Crown But Asian Vendors Take Share

Hewlett-Packard Co. (NYSE: HPQ), the No. 1 PC vendor, kept its crown in the first quarter and added share as worldwide PC shipments rose 1.9 percent, market researcher Gartner (NYSE: IT) said.
Air India, a struggling state-owned airline, is set to receive $5 billion in cash injection from the Indian government

Unprofitable Air India Getting $5B From Govt

Struggling, unprofitable state-owned Air India Ltd. is set to receive 300 billion rupees ($5.8 billion) in bailout money from the country's government as it struggles with tough competition and high fuel cost.
The Nissan logo on a car.

Nissan Expanding Chinese Operations

Nissan Motor Co. will invest as much as 40 billion yen, $494 million, to build a fourth Chinese factory through its joint venture with Dongfeng Motor Group Co., Nikkei reported Friday.
Infosys

Infosys Q4 Profit Rises, But Shares Fall On Poor Guidance

Indian software services firm Infosys Technologies Ltd Friday reported 27.4 percent quarterly rise in profit, but presented disappointing guidance for future sales subsequent to the uncertainties in the global economy and the volatile nature of the currency.
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Infosys Q4 profit rises, but slower outlook hits shares

Infosys Ltd , India's No.2 software services exporter, posted a 27.4 percent rise in quarterly profit on Friday, but forecast lower-than-expected revenue growth for the current fiscal year due to an uncertain global economy and currency volatility.
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Walmart International focusing on existing markets

Wal-Mart Stores Inc is focused on improving results in China and other foreign countries where it already operates, rather than on entering new markets, its top international executive said on Thursday.

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