Articles by Ambrosia Sabrina

Apple iPhone 5 Preorders Hit 2M, Shares Touch $700

Apple Inc booked orders for over two million iPhone 5 models in the first 24 hours, reflecting a higher-than-expected demand for the consumer device giant's new smartphone and setting it up for a strong holiday quarter.

RBI Holds Repo Rate Despite 'Big Bang' Reforms

The Reserve Bank of India (RBI) left interest rates unchanged but cut the cash reserve ratio for banks on Monday, disappointing market hopes that it would follow up the government's unexpected spate of bold reform measures by reducing borrowing costs.

Cabinet to Consider Aviation FDI on Friday

The cabinet will consider a proposal on Friday to allow foreign airlines to buy stakes in local carriers, moving forward with a much-delayed reform that could revitalise debt-ridden domestic carriers.

India Hiring Outlook Weakest in Over 3 Years: Manpower

Most U.S. employers are unwilling to add workers because of uncertainty around November's elections, the Federal budget, and the effect of Europe's slowdown, according to a quarterly hiring survey by ManpowerGroup. The pace of hiring is expected to slow in large emerging economies including China and India.

Poor Returns Cast Cloud over BRIC Equity Funds

Investors fed up with years of poor returns are deserting BRIC equity funds, pushing share valuations to record cheap levels and questioning the future of the high-profile investment theme.

Low R&D Spend Threatens Auto Part Makers' Ambitions

From Daimler trucks in Germany to tractors in Brazil, Rohit Saboo's Indian automotive parts are making their way into vehicles all over the world. But as he scales up exports to compensate for slowing growth at home, a lack of spending on innovation is undermining his sales pitch.

Air India Receives First Boeing 787 Dreamliner

Air India took delivery of its first Boeing 787 commercial widebody airplane on Thursday at Boeing Co's final assembly plant after a months-long dispute between airline and manufacturer over compensation for a four-year production delay.

Finance, Oil Ministries Push for Fuel Price Increase

The finance and oil ministries are lobbying for an increase in prices of diesel, kerosene and LPG, warning cabinet colleagues that time is running out to avert a fiscal disaster and a sovereign credit downgrade to junk by global ratings agencies.

GM Turns to China to Crack India's Tough Car Market

General Motors Co began initial production of its first ever Chinese-designed car for the Indian market this week, a major step for the U.S. automaker as it tries to scale up in a market where foreign companies have struggled.

IT, Pharma Mutual Funds Top Performers in August

IT sector funds were the top performers in August among Indian mutual funds that focus on domestic stocks as lower valuations of the sector's shares after their sharp declines in July revived investor interest.

Gold Hits 5-1/2 Month High on Stimulus Hopes

Gold edged higher on Tuesday to the highest level in more than five months as lacklustre manufacturing data from around the globe fanned speculation of imminent easing measures from central banks.

Gold Near 5-Month High on Stimulus Hopes

Gold hovered near a five-month peak on Monday, supported by hopes for more stimulus measures after U.S. Federal Reserve Chairman Ben Bernanke gave a grave assessment of the economy last week.

India's Economic Growth Estimated Around Three-Year Low

India's GDP growth likely languished around its lowest in three years in the quarter that ended in June, offering no respite for Prime Minister Manmohan Singh as he struggles to escape from a series of political scandals that have paralysed his economic agenda.

Govt Approves $4.1 Billion Green Vehicle Push

The central government has approved a ?230 billion plan to spur electric and hybrid vehicle production over the next eight years, setting itself an ambitious target of 6 million vehicles by 2020.

Inflation Still a Key Threat, Says RBI Gov Subbarao

Reserve Bank of India (RBI) Governor Duvvuri Subbarao said on Tuesday that inflation remains too high and needs to fall further or risk more damage to the economy, dismissing criticism of the bank's hawkish policy stance.

Apple Seeks Quick Bans on Eight Samsung Phones

Apple Inc is seeking speedy bans on the sale of eight Samsung Electronics phones, moving swiftly to translate its resounding court victory over its arch-foe into a tangible business benefit.

India, China Press Each Other for Market Access

India and China pressed each other for greater market access for their products from medicines to Bollywood films at a meeting of trade ministers on Monday, seeking to expand commercial ties between the Asian giants as they battle a global downturn.

Samsung Loses $12 bln Market Value after Apple's Victory

Samsung Electronics shares tumbled more than 7 percent on Monday, wiping $12 billion off the South Korean giant's market value, as Apple Inc's sweeping legal victory in their U.S. patent battle raised concerns about its smartphone business - its biggest cash cow.

FDI Nod for Disney as Govt Approves $180 mln Proposal

India approved a $180 million foreign direct investment plan by U.S. media group Walt Disney, part of a new push to clear a backlog of investment proposals as the finance ministry seeks to inject new life into the slowing economy.

Gold Near 3-1/2 Month High on ECB Hopes

Gold on Wednesday hovered near a 3-1/2 month high hit in the previous session, as investors remained hopeful the European Central Bank would soon take action to contain the region's debt crisis.

Bank Staff Begin 2-Day Strike Against Reforms

Bank employees in India began a two-day strike on Wednesday to protest against proposed reforms that would ease mergers and allow more private capital, including foreign investment, in the banking sector.

Showdown for Big Pharma in Supreme Court

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.

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EDITOR'S PICK

Post-QE Bond Losses Rising Reality For Central Banks - BIS

Central banks face mounting losses on the trillions of dollars of bonds they bought in the past 15 years of rolling crises, a paper from the Bank for International Settlements (BIS) said, warning that the deficits could leave them open to political attack.