Posts From Rajesh Sharma

NEW DELHI (Reuters) – U.S. and Indian government officials pressed on with talks on Thursday to resolve their differences over trade and investment, Indian government sources said, even though U.S. Commerce Secretary Wilbur Ross called off his visit because of

Indian shares rose, 10-year bond yields slid while the rupee strengthened on Wednesday amid bets the nation’s central bank will cut interest rates after consumer prices rose at a slower-than-anticipated pace. Annual retail inflation in January rose 2.05 percent, its

  WHEN YOU have 60 banks in a country of just 9.5m people, there is much to be said for merging three at a time. On January 29th Abu Dhabi Commercial Bank (ADCB), the third-biggest bank by assets in the

 Indian shares slipped on Tuesday as investors locked in profits after a five-day rally, while losses in financials and auto stocks dented sentiment. Asian shares and U.S. stock futures slipped as pessimism about world growth drove investors away from risky

IN THE LAST three months of 2018 America’s federal government borrowed $ 317bn, or about 6% of quarterly GDP. The deficit was 1.5 percentage points higher than in the same quarter the year earlier, despite the fact that the unemployment

 Prime Minister Narendra Modi’s ruling party is in favour of an expansionary economic policy and does not consider the government’s plan to keep the fiscal deficit to 3.3 percent of GDP as “sacrosanct”, a party spokesman told Reuters. Ahead of

 India’s annual retail inflation rate dropped to an 18-month low of 2.19 percent in December, strengthening views of some economists that the central bank could ease monetary policy next month as prices for many food items fell and the nation

Samsung (005930.KS) plans to launch a budget smartphone series in India ahead of a global release, aiming to regain ground ceded to Chinese rivals such as Xiaomi (1810.HK) in the world’s second-biggest mobile phone market. The South Korean company’s Indian

 The battered Indian rupee will take another bruising this year, despite a recent revival, weighed down by uncertainty around national elections in May and an expected economic slowdown, a Reuters poll found. While the currency recovered nearly 6 percent after

 India’s Supreme Court ruled on Tuesday that Monsanto can claim patents on its genetically modified (GM) cotton seeds, a victory for the U.S. company that is expected to encourage biotechnology firms to step up investment in the country. The decision