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India's service sector continued to expand in January due to rapid and steady growth in new export orders.

India’s manufacturing sector expanded at a slower rate to a three month low in January, as volume of new export orders eased from the previous month.

The sharp slump in output will bolster calls for an interest rate cut from the Reserve Bank of India to perk up the economy.

India's retail inflation rate increased to 10.03 percent in August from 9.86 percent recorded in July, mainly driven by higher food prices, according to the data released by the Ministry of Statistics and Program Implementation.

The Reserve Bank of India (RBI) left interest rates unchanged but cut the cash reserve ratio for banks on Monday, disappointing market hopes that it would follow up the government's unexpected spate of bold reform measures by reducing borrowing costs.

In a surprise move, the Reserve Bank of India Monday cut the cash reserve ratio by 25 basis points while keeping the other key rates unchanged in its Mid-Quarter Monetary Policy Review 2012.

Asian stock markets posted their biggest weekly gains in almost nine months after the U.S. Federal Reserve announced that it would purchase $40 billion in mortgage-backed securities per month for an open-ended period until the labor market improved substantially.

India's wholesale price index (WPI) rose to a higher-than-expected 7.55 percent in July on annual basis, driven mainly by higher non-food prices, dashing hopes for rate cuts by the Reserve Bank of India.

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HSBC has cut its India GDP forecast for the fiscal 2013 to 5.7 percent from the previous forecast of 6.2 percent, citing "the lack of reform traction" and a more "challenging" global economic state of affairs.

In an attempt to boost foreign fund flow into the country, the Reserve Bank of India eased the limit of external commercial borrowings (ECB) by any individual, company or group.

The finance and oil ministries are lobbying for an increase in prices of diesel, kerosene and LPG, warning cabinet colleagues that time is running out to avert a fiscal disaster and a sovereign credit downgrade to junk by global ratings agencies.

India's service sector continued its growth for the tenth consecutive month in August, based on a quick and the fastest pace since February, based on steady growth in new orders, according to the latest HSBC PMI data released Wednesday.

August saw the Indian private sector business growing at its swiftest in six months. The rapid progress was augmented by development in new business since February amid increasing optimism about the future, according to a survey on Wednesday.

IT sector funds were the top performers in August among Indian mutual funds that focus on domestic stocks as lower valuations of the sector's shares after their sharp declines in July revived investor interest.

With India's economic growth faltering as a result of weak governance, policy paralysis and opposition to reforms, investors feel the urgent need to push for plans to allow foreign direct investment in financial sector and multi-brand retail trade.

Morgan Stanley pared down India's economic growth forecast to 5.1 percent Monday, the lowest to be announced by any private forecaster in the fiscal year 2012/13. The financial services firm ascribed the low growth outlook to weak external demand, low private investment and poor government finances.

India's economic growth rose in the first quarter of the fiscal year 2012-13 compared to the January-March quarter of the last fiscal, indicating that the country's economy is moderately improving though the soft global demand and the weak domestic policy measures have affected it.

India's GDP growth likely languished around its lowest in three years in the quarter that ended in June, offering no respite for Prime Minister Manmohan Singh as he struggles to escape from a series of political scandals that have paralysed his economic agenda.

Joe Mauer has been placed on waivers, and the Dodgers could look to trade for the Twins catcher. The Red Sox have also been rumored to be interested in the Minnesota star.

Reserve Bank of India (RBI) Governor Duvvuri Subbarao said on Tuesday that inflation remains too high and needs to fall further or risk more damage to the economy, dismissing criticism of the bank's hawkish policy stance.

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ESPN analyst Skip Bayless suggested that Yankees shortstop Derek Jeter might be using HGH. The comments have caused many people to criticize Bayless, as well as media outlets for covering the story.

India's retail inflation rate dropped marginally to 9.86 percent in July from 9.93 percent recorded in June, according to the data released by the Ministry of Statistics and Program Implementation.

As India gets ready to celebrate its 66th Independence Day August 15, it appears to be no time to rejoice with its economy faltering as a result of the global economic slowdown and weak governance.

Indian inflation probably crept up in July as poor monsoon rains drove food prices higher, a Reuters polls showed on Wednesday, giving the RBI less room to cut interest rates to revive a flagging economy.

The Reserve Bank of India (RBI) left the interest rates unchanged for the second time, but cut the Statutory Liquidity Ratio (SLR) by 1 percent and growth forecast to 6.5 percent, reiterating its focus on containing inflation.

Asian markets are expected to begin the week on upswing gains on the speculation of further stimulus measures from the central banks around the world to boost the fragile global economy. Most Asian markets ended last week on a negative note as investor confidence was weighed down by the mounting concerns over the euro zone debt crisis.

Bad news from India isn't easing off just yet. Inflation hovers above 7 percent and economic growth remains tepid after plunging to a nine-year low of 5.3 percent in the first quarter, year-on-year.