Seoul: Global leaders today pledged to refrain from competitive devaluation of their currencies and to take steps to mitigate risks arising from excessive capital flows to emerging markets like India.

India's economy could grow at 9 percent over the next five to six years, Montek Singh Ahluwalia, deputy chairman of India's Planning Commission, said on Saturday.

He also said India's current accoun

Boston: Chinese President Hu Jintao has been named the most powerful person in the world by Forbes, ahead of US President Barack Obama who is ranked second among 68 people 'who matter', a list that al

Washington: India is one of the 40 most-improved economies which made significant changes in business regulation at a steady pace over the last year to make it easier for firms to operate, according t

New Delhi: State-owned gas transmission and marketing company GAIL Wednesday reported a 29.48 percent increase in net profit for the second quarter of the current fiscal year on increased margins in h

New Delhi: With huge availability and growing demand of festive items 'Made in China', local artisans are facing stiff competition to sell their products during this Diwali season.

From fancy lights

The Reserve Bank on Tuesday hiked its key short-term lending and borrowing rates by 25 basis points each with immediate effect to rein in inflation, a move that could increase banks' commercial lendin

New Delhi: The Reserve Bank of India (RBI) move to raise interest rates for the sixth time this year will have a negative impact on interest sensitive sectors like consumer durables, auto and housing,

Mumbai: The Bombay Stock Exchange today announced that it has closed trading for one hour, from 12 noon to 1:00 pm, due to technical glitches.

"Due to the technical problems being faced by trading m

New Delhi: External Affairs Minister S M Krishna on Monday said he hoped China will provide a level playing field to India in pharmaceuticals and IT sector.

"There is a capacity for enormous growth.