GDP growth to slow to 5.1 pct, but no rate cut yet - Reuters Poll
Published on Thursday, November 27, 2014 9:28 AM
By Deepti Govind ...
BANGALORE- India's economic growth probably slowed to 5.1 percent in the July-September quarter from a year ago, but economists polled by Reuters doubted whether that would be enough to persuade the central bank to cut interest rates just yet.
Clamours for the Reserve Ban
Online grocers come up trumps in India's e-commerce boom
Published on Thursday, November 27, 2014 9:26 AM
By Nivedita Bhattacharjee ...
MUMBAI - Put off by snarled city traffic and a shortage of parking, more Indians are shopping for groceries online, helping e-tailers like Bigbasket.com and Localbanya.com turn in profits while supermarkets are struggling.
The online grocers benefit from low ov
India-Pakistan friction threatens South Asia trade at Himalayan summit
Published on Thursday, November 27, 2014 8:50 AM
By Gopal Sharma and Frank Jack Daniel ...
KATHMANDU - Hostilities between rivals India and Pakistan on Wednesday threatened to scupper efforts by South Asian leaders to boost trade among almost a quarter of the world's people, throwing into doubt any prospect of a regional customs union.
Coromandel sees stable potash prices despite mine shutdown
Published on Thursday, November 27, 2014 8:43 AM
By Rod Nickel ...
WINNIPEG, Manitoba - Global potash prices are unlikely to spike from the shutdown of a flooded Russian mine, as producers will likely re-start idled capacity to pick up the slack, Indian fertilizer company Coromandel International Ltd said on Wednesday.
Coromandel buys about 500
WTO postpones trade deal by a day after last-minute objection
Published on Thursday, November 27, 2014 8:42 AM
GENEVA - The World Trade Organization postponed adoption of the first global trade reform in its 19-year history on Wednesday, delaying by a day after a last-minute objection from Argentina, diplomats said. ...
"It's not a big drama," WTO chief spokesman Keith Rockwell told reporters.
India advised against challenging Vodafone tax ruling - Source
Published on Wednesday, November 26, 2014 10:25 PM
MUMBAI - The attorney general has recommended the government refrain from appealing a Bombay High Court ruling in favour of Vodafone Group Plc in a long-running tax dispute, a person directly involved in the matter said. ...
Vodafone, the biggest foreign corporate investor in India, has been involved in a series of tax disp
Uganda too small for seven mobile phone firms - Airtel
Published on Wednesday, November 26, 2014 10:17 PM
By Elias Biryabarema ...
KAMPALA (Reuters) - Uganda's mobile phone market has room to grow but is still too small to support all of the country's seven telecommunications companies, the managing director of Airtel Uganda, a local unit of India's Bharti Airtel <BRTI.NS>, said.
IHH deal for Fortis' Singapore unit needs further review - regulator
Published on Wednesday, November 26, 2014 5:26 PM
SINGAPORE - Singapore's anti-trust regulator on Wednesday expressed concern about IHH Healthcare Bhd's proposed acquisition of a Singaporean unit of India's Fortis Healthcare Ltd . ...
"The merger significantly reduces the number of providers of radiology and imaging services and the number
Markets pricing in rate cut, despite wary RBI
Published on Wednesday, November 26, 2014 4:33 PM
By Swati Bhat ...
MUMBAI - Investors in India's markets are betting that Finance Minister Arun Jaitley will persuade a more hawkish Reserve Bank to reduce benchmark interest rates as early as next week.
Finance ministry sources have told Reuters that Jaitley will urge Reserve Bank of In