Gold rose to a six-month high on Friday, extending a 2-percent rally from the previous session when the Federal Reserve announced a new round of stimulus measure, which could add to the risk of inflation down the line and enhances gold's appeal.
August saw the Indian private sector business growing at its swiftest in six months. The rapid progress was augmented by development in new business since February amid increasing optimism about the future, according to a survey on Wednesday.
Morgan Stanley pared down India's economic growth forecast to 5.1 percent Monday, the lowest to be announced by any private forecaster in the fiscal year 2012/13. The financial services firm ascribed the low growth outlook to weak external demand, low private investment and poor government finances.
Asian stocks declined to a four-week low on Friday as investor sentiment was weighed down by fading optimism on U.S. Federal Reserve Chairman Ben Bernanke to announce more monetary stimulus at the Jackson Hole convention.
The Nikkei share average plunged Thursday on concerns that Ben Bernanke, the U.S. Federal Reserve chairman, will not announce imminent stimulus from the Fed in a key speech on Friday.
Asian shares hit a one-month low on growth concerns Thursday as investors await indications of further U.S. stimulus from the U.S. Federal Reserve Chairman Ben Bernanke’s on Friday. Meanwhile, the major currencies were range-bound.
Reliance Industries will close down a diesel hydrotreater at its 660,000 barrels per day (bpd) Jamnagar refinery in Gujarat for routine maintenance from Tuesday for about two and a half weeks.
Risk assets fell Tuesday with the investors awaiting an announcement of some monetary easing measures by the Fed at the meeting of central bankers and economists at Jackson Hole, Wyoming, later in the week.
Asian stocks fell Monday as it became apparent to investors that Europe's policymakers were still lingering on taking decisive action to contend with the euro zone debt crisis.
Santarus Inc, the U.S. pharmaceutical company said it has filed a lawsuit against Dr. Reddy's laboratories for allegedly infringing its patents on Zegerid, a drug for heartburn.
The United States on Wednesday expressed interest in selling its most sophisticated fighter plane to India, just six months after New Delhi rejected two older U.S. warplanes.
Kingfisher Airlines on Wednesday sought further cushion from banks to ease its debt burden, but denied it was seeking another debt restructuring.
India could consider supporting extra financing for the euro zone if European policymakers make a credible assessment of its solvency problems, Finance Minister Pranab Mukherjee told reporters.
Formula One and India have the makings of a long and happy relationship after an inaugural grand prix that exceeded expectations.
Nargis Yadav lies in the arms of her mother in a small rural clinic in north India - one of seven billionth babies born around the world on Monday.
Confidence was highest in India for a seventh straight quarter but India's reading fell 5 points from the second quarter and Saudi Arabia was catching up.
Sony Corp, struggling with a loss-making television business, is in negotiations to pull out of its LCD joint venture with South Korea's Samsung Electronics in a bid to cut costs.
On an Indian Grand Prix weekend where the sport is remembering Dan Wheldon and Marco Simoncelli, both killed in races in the last two weeks, Hamilton faced his own fears head on. He accepts the risk of dying in a Formula One car.
Indian authorities seized computer equipment from a data center in Mumbai as part of an investigation into the Duqu malicious software that some security experts warned could be the next big cyber threat.
Red Bull set a Formula One record of 16 pole positions in a season when double world champion Sebastian Vettel lapped fastest in qualifying for the inaugural Indian Grand Prix on Saturday.
Maruti Suzuki, India's top automobile manufacturer, posted a larger-than-expected 60 percent fall in its quarterly profit. The company has been hit by labour unrest, rising interest rates and vehicle costs that has hurt demand in Asia's third-largest economy.
State Bank of India, the country's biggest lender, expects its average funding cost for savings bank accounts to rise 100-125 basis points.
An increase in the price of edible silver leaf has not deterred confectioners from presenting sweets rolled in fine sheets of silver called varq, during the long festive season that ends with Diwali celebrations this week.
Muammar Gaddafi and his son Mo'tassim were buried in a secret desert location on Tuesday, five days after the deposed Libyan leader was captured, killed and put on grisly public display.
The Reserve Bank of India (RBI) raised interest rates on Tuesday for the 13th and possibly final time in a tightening cycle that began in early 2010, on expectations that persistently high inflation will finally begin to ease starting in December.
Speculations are obviously going to run high with the release date of Shah Rukh Khan's much-hyped film, Ra.One drawing near. News is doing the rounds that all is not well between Shah Rukh and Arjun Rampal.
As Karnataka plunges into another political crisis, the capital city Bangalore seems to be in no mood for the BJP-called shutdown.
India’s official entry to the Oscars in the best foreign language film category, Peepli Live, is now out of the race as the movie failed to reach the final list of nine films.
The Reserve Bank of India (RBI) said it has allowed banks to restructure loans given to micro finance institutions (MFIs), even if they are not secured.
The Social Network, Glee, Boardwalk Empire, and The Kids Are All Right were among the 2011 Golden Globe winners.