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India's food inflation eased to a two-month low in early February on moderating prices of onions and other vegetables, amid expectations the government may announce fresh measures to boost productivity for key staples in the upcoming budget.
Inflation eased slightly in January but was still higher than expected, reinforcing expectations the Reserve Bank of India (RBI) will keep tightening policy because price pressures are still above its comfort zone.
India's food inflation eased in end January on moderating prices of fruits and vegetables but annual headline inflation in January is still expected to remain high.
The government has resolved a month-long payments dispute with Iran over oil shipments, a source at the oil ministry said on Thursday, by allowing a domestic bank to handle payments in euros with a Germany-based counterpart.
American Bar Association (ABA) president Stephen N. Zack wants the Bar Council of India (BCI) to maintain the status quo while it debates on whether it should allow foreign law firms to set up offices in the country.
The Reserve Bank of India (RBI) raised key interest rates on Tuesday by a quarter point each, as expected, in a bid to clamp down on resurgent inflation and warned that higher food prices could become entrenched if steps to boost output are not taken.
India needs tight monetary policy to prevent food prices from spilling over to the broader economy, a top economic adviser said in a newspaper interview, ahead of a widely expected rate hike on Tuesday.
The Reserve Bank of India (RBI) is expected to resume its rate hike cycle at its quarterly monetary policy review next week as soaring inflation stalks Asia's third-largest economy.
SKS Microfinance shares rose 13 percent on Thursday, a day after a panel appointed by the Reserve Bank submitted guidelines for the microfinance sector, providing clarity for the country's embattled industry.
Food inflation eased for the second straight week in January, tracking lower fruit and vegetable prices, but accelerating headline inflation in December is likely to put pressure on the Reserve Bank to raise rates at policy review on Jan. 25
The Reserve Bank of India (RBI) said it has allowed banks to restructure loans given to micro finance institutions (MFIs), even if they are not secured.
The Toronto Blue Jays inked shortstop Yunel Escobar and outfielder Rajai Davis to deals on Tuesday, adding to a flurry of signings ahead of spring training.
Trade Minister Anand Sharma said on Tuesday monetary policy may not be the right tool to fight high food inflation, in a strong political signal against a rate hike in next week's Reserve Bank policy review.
The Reserve Bank of India (RBI) chief said on Monday the country is facing surging inflation and it needs to calibrate monetary policy in order to manage inflation and also support growth.
The new year will also herald a new six-digit password for all credit card holders in India known as One-Time Password (OTP).
In a reflection of shifting loyalties, India, who had long termed Iran a 'natural partner,' now joined hands with the U.S. on sanctions against the former over its nuclear ambitions.
It is inevitable for Indian banks to compromise on margin as the country is going through a rising interest rate scenario, which has pushed most banks' stocks below their end-September levels, but at least three main private banks are still selling at a higher price, probably helped by valuation advantage and mostly steady pricing of deposits by Indians residing abroad.
Economic growth in India will overtake that of China in the next ten years, boosted by huge domestic demand, said noted global economist Nouriel Roubini.
The Indian economy outpaced growth expectations in the third quarter to grow more than in the second quarter, boosted by stronger manufacturing growth and construction, according to data released by the government.
The Indian economy is expected to have grown a little slower in the September quarter than the previous quarter, mainly due to a drop in capital goods production.
