Reuters
Cabinet to consider FDI in aviation 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.
U.S. Cairo, Libya missions attacked, U.S. official reported dead
Protesters in Egypt and Libya attacked U.S. diplomatic missions on Tuesday, leading to the death of an American staffer at the consulate in the Libyan city of Benghazi after fierce clashes at the compound, a Libyan official said.
Guidelines on overseas loans for companies eased
The Reserve Bank of India (RBI) on Tuesday relaxed guidelines for Indian companies to raise money overseas through external commercial borrowings (ECB).
The RBI allowed companies to raise more funds
Walmart plans three-five more India wholesale stores
A cash and carry joint venture between Wal-Mart Stores and Bharti Enterprises plans to add three-five stores by end of the year, a spokeswoman for the world's largest retailer said on Tuesday.
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Inflation likely nudged up to 6.95% in August
India's rate of inflation probably picked up in August from July's near three-year low as poor summer rains drove up food prices, a Reuters poll showed, giving the central bank even less room to cut p
Sensex breaks 18,000 level to hit 6-mth high
The Sensex surpassed 18,000 points for the first time since March 14, on hopes for fiscal reforms after the aviation minister expressed hopes the government would allow foreign direct investment into the sector.
In unusual snub, Obama to avoid meeting with Netanyahu
In a highly unusual rebuff to a close ally as tensions escalated over how to deal with Iran's nuclear program, the White House said on Tuesday that President Barack Obama would not meet Benjamin Netan
Goa suspends all mining activities temporarily
Goa has temporarily suspended all mining activities, effective on Tuesday, after an expert panel formed by the central government found 'serious illegalities and irregularities' in mining operations,
For Chidambaram, there is no time to waste
P. Chidambaram has a simple message for investors disillusioned by India's policy drift: it is no longer 'business as usual' in the corridors of North Block, the sandstone colonial building that house
IMF backs Draghi; says Spain, Italy have done enough
The International Monetary Fund on Sunday strongly backed the European Central Bank's plan to staunch the eurozone debt crisis with unlimited bond purchases, saying it was ready to get involved in des
