India government braces for likely lower growth forecast ahead of elections
NEW DELHI (Reuters) - India on Friday is likely to cut its estimate of 5 percent growth forecast for the fiscal year that ends on March 31, thanks to a...
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India to conduct debt switch in market, likely soon-officials
MUMBAI/NEW DELHI (Reuters) - India's planned 500 billion rupee ($8.2 billion) debt switch program will be done through the bond market and not through the central bank, two officials with...
Exclusive: India to stick with austerity despite looming election
NEW DELHI (Reuters) - The Indian government will have to rein in spending and cut subsidies to meet its fiscal deficit target, the country's finance minister said on Monday, underlining...
India names ex-IMF heavyweight as new central bank chief, rupee at new low
MUMBAI/NEW DELHI (Reuters) - India named a former International Monetary Fund chief economist to head its central bank on Tuesday, giving fresh impetus to efforts to revive a struggling economy...
India’s March inflation rate seen easing marginally
NEW DELHI (Reuters) - India's headline inflation probably declined to 6.4 percent in March, the slowest rate in more than three years, but high food inflation remains a challenge for...
India eases rules for foreign investors in government, corporate bonds
NEW DELHI (Reuters) - India will ease restrictions for foreign institutional investors in federal and corporate bonds next month to attract inflows and help fund a widening current account deficit,...
India government says still able to pass reforms but silent on early poll
NEW DELHI (Reuters) - The Indian government said on Wednesday it was still able to pass reform legislation in parliament, a day after its biggest ally abruptly quit the ruling...
India wrestles with dilemma of blacklisting AgustaWestland
NEW DELHI (Reuters) - Indian Defense Minister A.K. Antony is leaning toward barring Anglo-Italian helicopter firm AgustaWestland from doing business in the country because of a corruption scandal, but he...
Finmeccanica appoints CEO after India suspends deal
ROME/NEW DELHI (Reuters) - Italy's Finmeccanica promoted company insider Alessandro Pansa to run the defense group as CEO after the arrest of its head for alleged bribery led India to...
Finmeccanica chopper deal to be scrapped if charges proven: India
NEW DELHI (Reuters) - India will blacklist Finmeccanica SpA and cancel a deal to buy 12 helicopters from the Italian defense group if allegations of bribery are proven against the...