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.
India's service sector continued its growth for the tenth consecutive month in August, based on a quick and the fastest pace since February, based on steady growth in new orders, according to the latest HSBC PMI data released Wednesday.
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.
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.
With India's economic growth faltering as a result of weak governance, policy paralysis and opposition to reforms, investors feel the urgent need to push for plans to allow foreign direct investment in financial sector and multi-brand retail trade.
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.
India's economic growth rose in the first quarter of the fiscal year 2012-13 compared to the January-March quarter of the last fiscal, indicating that the country's economy is moderately improving though the soft global demand and the weak domestic policy measures have affected it.
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.
Joe Mauer has been placed on waivers, and the Dodgers could look to trade for the Twins catcher. The Red Sox have also been rumored to be interested in the Minnesota star.
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.
The Dodgers have claimed Adrian Gonzalez off waivers and have 48 hours to work out a trade with the Red Sox. Is the first baseman headed from Boston to Los Angeles?
ESPN analyst Skip Bayless suggested that Yankees shortstop Derek Jeter might be using HGH. The comments have caused many people to criticize Bayless, as well as media outlets for covering the story.
India's retail inflation rate dropped marginally to 9.86 percent in July from 9.93 percent recorded in June, according to the data released by the Ministry of Statistics and Program Implementation.
Finance minister urged state-run banks to increase lending for consumer durables on Saturday, saying this would help boost the manufacturing sector which has been caught up in the slowdown of the economy.
Melky Cabrera has a good shot at winning the batting title. Should the Giants outfielder be given the award after being suspended for using performance-enhancing drugs?
The Seattle hurler threw the franchise's first career perfect game on Wednesday.
Melky Cabrera has been suspended for 50 games for using performance-enhacing drugs. Here is a list of the five most prominent baseball players to have been suspended by MLB for using steroids or any other kind of PED’s.
Tony Conigliaro is my all-time favorite baseball player – not only for what he accomplished on the diamond, but for what he didn't.
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.
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.
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.
Indian 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.
