Mobius says India's proposed tax rules a 'big mistake'
India is faltering as an investment destination because of significant policy mistakes and stock prices there will slide if the nation's credit rating is cut, according to Mark Mobius, one of the worl
Telenor cleared to challenge auction plans
Telenor's Indian unit said on Tuesday the Supreme Court of India has allowed it to file an application challenging the telecom sector regulator's proposals for a 2G airwaves auction, which have been w
Bharti Q4 net falls 28% as competition bites
Bharti Airtel, India's biggest mobile phone carrier by subscribers, reported its ninth straight quarterly profit decline as intense price competition and losses on foreign exchange eroded earnings.
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HUL Q4 net profit up 21%, beats forecast
Hindustan Unilever, India's largest consumer goods maker, said it continues to see strong consumer demand, after beating estimates on Tuesday with a 21 per cent rise in quarterly profit, helped by hig
U.S. factory growth best in 10 months; bolsters outlook
U.S. manufacturing grew in April at the strongest rate in 10 months, easing concerns the economy had lost momentum at the start of the second quarter.
The Institute for Supply Management said on Tues
Clinton confronts dissident case ahead of China talks
Secretary of State Hillary Clinton arrived in China on Wednesday for top-level talks that risk being upstaged by the fate of a blind dissident whose supporters say is under U.S. protection in Beijing
India has leeway to get reforms on track - Moody's
India has some leeway to get reforms back on track with its long-term growth prospects firm, Tom Byrne, a senior vice-president of rating agency Moody's Investors Service, said on Wednesday.
"There i
StanChart plans China growth, confident on income
Standard Chartered said it expected to grow income by 10 per cent or more in 2012 even though growth dipped below that pace in the first quarter due to weakness in India and the strength of the U.S. d
French presidential rivals to face off in TV debate
Nicolas Sarkozy faces Francois Hollande in a 'moment of truth' television debate on Wednesday that could be the French president's last chance to avoid defeat at the hands of his Socialist challenger
India frees sugar exports, global prices fall
India has removed any limit on sugar export volumes for now, a government source said on Wednesday, adding pressure to global prices, but the world's second-biggest producer could reinstate restrictio