India may take new steps to curb gold imports: report
New Delhi - Leading gold buyer India may clamp fresh controls soon on soaring imports of the precious metal that have widened the country’s trade deficit, a report said Tuesday. Gold imports in...
View ArticleShell wins multi-million dollar India tax case
Mumbai - Anglo-Dutch energy giant Royal Dutch Shell has won a multi-million dollar court battle against Indian authorities, marking a significant victory for multinationals involved in tax wrangles in...
View ArticleIndia must speed reforms to achieve 8% growth: OECD
New Delhi – India is emerging from its worst economic slowdown in a quarter-century, but needs big structural reforms to return to the eight-percent-plus growth needed to generate jobs for its...
View ArticleIndia, Nepal to sign $1 billion power deal
Kathmandu - Nepal and India will sign a deal later Tuesday to develop a $1-billion hydroelectricity project that will boost supplies in the Himalayan nation and export power to its larger neighbour,...
View ArticleAlibaba founder pledges more investment in India
New Delhi – Alibaba founder Jack Ma, China’s wealthiest man, said Wednesday he plans to invest more funds in India and believes the Internet can transform the country’s future. Ma, whose Alibaba...
View ArticleIndia to raise age for tobacco purchases, ban single sales
New Delhi - Health campaigners Wednesday welcomed India’s unprecedented plans to raise the age for tobacco purchases to 25 and ban unpackaged cigarette sales, calling them a major step towards...
View ArticlePakistan floats $1 billion Islamic bonds
Karachi – Pakistan has sold $1 billion in Islamic bonds to raise its foreign exchange reserves in line with IMF demands. The government had initially planned to float $500 million worth of the bonds —...
View ArticleMost of world’s poorest nations stuck in a structural rut: UN
Geneva – The planet’s poorest nations like Ethiopia, Malawi and Angola have failed to cash in on strong economic growth due to a lack of structural reforms and left them wallowing in poverty, the UN...
View ArticleIndia scraps gold import curbs
New Delhi - Leading gold buyer India has announced it has eased controls on imports of the yellow metal after its current account deficit narrowed sharply. India, the world’s second-biggest gold buyer...
View ArticleIndia factory output rises in November: survey
Mumbai – Indian factory output rose at its fastest rate in nearly two years in November, with consumer goods leading the way, a key HSBC survey showed Monday. The British banking giant said its...
View ArticleIndia keeps interest rates on hold
Mumbai – India’s central bank kept interest rates unchanged on Tuesday despite growing calls to ease monetary policy, saying a reduction would be “premature”. The Reserve Bank of India (RBI) said the...
View ArticleDiamond deals to add sparkle to India-Russian ties
Mumbai – India’s gemstone industry will hope to add some sparkle to ties between New Delhi and Moscow this week by persuading Russia to massively increase its exports of diamonds direct to the global...
View ArticleIndia’s SpiceJet cuts flights as financial woes bite
New Delhi – Cash-strapped Indian airline SpiceJet said Tuesday it has cancelled nearly 1,900 flights across the country for this month, as its financial woes mount. The no-frills airline, India’s...
View ArticleIndia’s SpiceJet seeks state’s help as financial woes mount
New Delhi – India’s cash-strapped SpiceJet airline, which announced the cancellation of nearly 1,900 of its domestic flights last week, sought “urgent relief” from the government on Monday as its...
View ArticleIndia overtakes China to become top global gold consumer
London- China lost its place to India as the world’s biggest gold consumer in 2014, sector data showed Thursday, hit by collapsing jewellery demand after one year in the top spot. Indian gold demand...
View ArticleIndia growth to top 8% in 2015/16, says government
New Delhi - India’s economy will grow by more than eight percent in the next financial year, the government said in a report published Friday, a day ahead of its first full-year national budget. The...
View ArticleMediaTek to invest US$300m in new business
BARCELONA, Spain, MediaTek, today announced the launch of MediaTek Ventures – a new strategic investment arm within the company. Headquartered in Hsinchu, Taiwan , MediaTek Ventures will initially...
View ArticleBangladesh’s poor suffer most as blockade hits economy
Dhaka - For weeks, Bangladeshi farmer Dibakar Ghosh has been pouring his milk into the river, unable to get it to buyers because of a months-long transport blockade that has crippled the impoverished...
View ArticleIndia raises $17.6 billion on record spectrum auction
Mumbai - India raised a record $17.6 billion during intense bidding on a government auction of mobile phone airwaves which ended Wednesday, as analysts warned of price hikes for subscribers....
View ArticleIndia’s wholesale prices drop 2.33% in March
Mumbai - India’s wholesale prices dropped for the fifth straight month in March thanks to lower food and manufacturing costs along with slumping global oil prices, government data showed Wednesday....
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