REUTERS - 24 of 25 economists expect 50 bps increase in the cash reserve ratio (CRR) , or the proportion of deposits banks must keep with the Reserve Bank. That would take the level to 5.5 percent.

Eight of 25 expect a 25 bp...

By Anurag Joshi

MUMBAI (Reuters) - India's economy will grow at rates of 7 percent and above in the coming quarters, helped by a recovering global economy and rapid expansion in domestic industrial output, a Reuters poll sho...

MUMBAI (Reuters) – The BSE Sensex slipped more than 2 percent lower in early trade on Friday to touch its lowest level in a month, with frontline stocks such as Larsen & Toubro, Reliance Industries and financials leading the decline.

By Suvashree Dey Choudhury and Swati Bhat

MUMBAI (Reuters) – The Reserve Bank of India (RBI) is expected to tighten monetary policy at its Jan. 29 review, most likely by increasing banks' reserve requirements, as it un...

MUMBAI (Reuters) - Shares in Larsen & Toubro, India's largest engineering and construction firm, fell 5 percent on Thursday afternoon after its quarterly sales dropped 6.1 percent.

L&T's net sales fell to 80.71 billi...

BANGALORE (Reuters) - ICICI Bank, India's No.2 lender, reported a smaller-than-expected 13.4 percent drop in quarterly net profit, as demand for retail loans helped offset the impact of a drop in treasury income.

ICICI said ...

NEW DELHI (Reuters) - Despite the great "restraint" shown by India after the Mumbai attacks by Pakistan-based militants, New Delhi could easily lose patience if there were a repeat attack, U.S. Defense Secretary Robert Gates said on Wedn...

By Sumeet Chatterjee

BANGALORE (Reuters) - State Bank of India, the country's top lender, and rival ICICI Bank are likely to post lower quarterly net profit on sluggish credit demand and a fall in treasury incomes as bond yi...

By Sumeet Chatterjee

BANGALORE (Reuters) - Wipro Ltd underscored the sector's recovery with a quarterly profit that beat market forecasts and an upbeat outlook, as a global recovery boosts demand from key financial clients.<...

NEW DELHI (Reuters) - The government will prepare a scheme before the end of the current fiscal year ending March to bear the cost of subsidised sale of fuel, Petroleum Secretary R.S. Pande told reporters on Tuesday.

(Report...

MUMBAI (Reuters) - Indian outsourcer Tata Consultancy Services expects to increase wages in the 2011 financial year, a top executive said on Monday.

On Friday, the top software outsourcing firm beat street estimates with a 3...

GOA (Reuters) - The timing and sequence of exit from an easy policy is still a challenge, Reserve Bank of India Governor Duvvuri Subbarao said on Monday,

Subbarao, who was speaking at a conference in Goa, also said the chall...

MUMBAI (Reuters) - The BSE Sensex was trading 0.6 percent higher on Monday, led by gains in financial stocks and Tata Consultancy as investors cheered better-than-expected results, even as world equities edged lower.

Tata Co...

By Suvashree Dey Choudhury and Tamajit Pain

MUMBAI (Reuters) - Banks on Thursday urged the Reserve Bank of India (RBI) to keep interest rates stable at its policy review later this month, saying any increase could further de...

By Sunil Kataria

BANGALORE (Reuters Life!) - A waste management company has found a novel use for the heaps of ecologically unsound plastic that litter Bangalore: it's turning it into roads.

K.K. Plast...

MUMBAI (Reuters) - Mobile infrastructure firm GTL Infrastructure on Thursday said it would buy the tower assets of Aircel in deal valued at 84 billion rupees ($1.8 billion).

GTL Infra said it would buy 17,500 towers owned by...

By Tamajit Pain

MUMBAI (Reuters) - Mid-cap banks are expected to post modest-to-lower profits on year-on-year basis in the Oct-Dec quarter on slow loan growth and low treasury gains, analysts said.

Ind...

By Sumeet Chatterjee

MYSORE, India (Reuters) - Infosys Technologies, India's No.2 outsourcer, raised its annual sales forecast as big financial services clients boost orders in an improving global economy, pointing to an ind...

RAIPUR (Reuters) - Three engineers with a Chinese construction firm have been arrested and charged with homicide in connection with a chimney collapse that killed 41 people in Chhattisgarh in September, police said on Tuesday.

NEW DELHI (Reuters) - The growth trend in India's industrial output is sustainable, Trade Minister Anand Sharma said on Tuesday.

The output should grow higher in the coming months, he added.

India's in...

By Tamajit Pain

MUMBAI (Reuters) - The chairman of State Bank of India said on Friday demand for loans was rising slowly and interest rates were unlikely to rise over the next six months.

"Demand ...

By Rajkumar Ray

NEW DELHI (Reuters) - Prime Minister Manmohan Singh promised to improve infrastructure, a day after the head of the world's biggest steelmaker Arcelor Mittal blasted the country over delays in getting project...

MUMBAI, Jan 8 (Reuters) - Indian shares were trading 0.1 percent lower on Friday, as fears of rupee ppreciation pulled down outsourcers and energy giant Reliance Industries (RELI.BO:...

MUMBAI 8 Jan. - The rupee weakened in early trade on Friday tracking mixed cues from other regional peers with a choppy start to the domestic share market providing little clarity on the direction of fund flows.

MUMBAI 8 Jan. - Shares in energy major Reliance Industries were choppy in early trade on Friday morning, after a newspaper report said the company has recently sweetened its offer to buy a controlling stake in bankrupt...

MUMBAI 7 Jan. – The BSE Sensex was trading 0.2 percent lower on Thursday as resistance crept in after they scaled 22-month peak in the previous session and on muted Asian cues.

MUMBAI 7 Jan. - ICICI Bank, India's second biggest lender, has cut car loan rates and raised dealer commissions, the Economic Times newspaper reported on Thursday citing people familiar with the matter.

The bank is said to have cut interes...

MUMBAI 7 Jan. - The rupee surged to its highest level in more than 15 months on Thursday, buoyed by the dollar's broad weakness globally and following gains in other regional peers, with further gains expected.

MUMBAI 6 Jan. – The BSE Sensex climbed 0.3 percent in early trade on Wednesday and was trading at its highest level since February 2008, mirroring the rise in Asia and on hopes of higher corporate earnings for th...

MUMBAI 6 Jan. - Media firm DB Corp made a sparkling debut on the BSE on Wednesday, by listing at 254 rupees, or at premium of 19.81 percent, versus its issue price of 212 rupees a share.

MUMBAI, Jan 6  - Indian shares climbed 0.3 percent in early trade on Wednesday and were trading at their highest level since February 2008, mirroring the rise in Asia and on hopes of higher corporate earnings for ...

The key benchmark index was trading  higher on the back of gains in global markets. The Sensex was up 140 points at 17,699 levels and the Nifty rose 0.8 per cent to 5,273.

NEW DELHI 5 Jan. - India does not need to tighten monetary policy now and risk stalling a nascent economic recovery as inflation pressure was mainly caused by high food prices, the chief economic adviser to the finance...

MUMBAI, Jan 5  - Indian shares rose 0.9 percent in early deals on Tuesday, led by Reliance Industries (RELI.BO: Quote, Profile, Research) and banks, taking cues from the gains in global markets.

At 9:04 a.m. (0334 GMT),...

NEW DELHI 5 Jan.  - Toyota Motor Co on Tuesday said it expects annual sales of 70,000 units of its new strategically important compact car Etios' in India. It said it will expand its Indian sales network to 150 de...

MUMBAI, Jan 4  - Indian shares rose 0.3 percent in early trade on Monday, tracking gains in Asia, with auto stocks leading the gains on robust December sales numbers.

MUMBAI, Jan 4  - Indian shares rose 0.3 percent in early trade on Monday, tracking gains in Asia, with auto stocks leading the gains on robust December sales numbers.

MUMBAI 4 Jan. - Suzlon Energy said it has won orders for 27 megawatt of wind turbine capacity from hotel-to-cigarettes firm ITC.

The order includes setting up, operating and maintaining two wind power projects in the western state of Mahar...

MUMBAI 4 Jan. - Reliance Industries Ltd raised 26 billion rupees ($559.5 million) by selling 25 million shares at 1,035 rupees each to state-run Life Insurance Corp of India, two sources with knowledge of the deal said...

MUMBAI 4 Jan - Shares in power utility JSW Energy rose as much as 6.4 percent on debut early on Monday, heartening scores of companies waiting to go public this year in Asia's third largest economy.

BHUBANESWAR, India 2 Jan.  - South Korean steelmaker POSCO has received final approval to acquire forest land needed for its long-delayed $12 billion India project, a company spokesman said on Friday.

MUMBAI 2 jan. - Mahindra Renualt, a joint venture between France's Renault and India's Mahindra, has scaled back some business operations to adjust to lower sales of its Logan car, a newspaper reported.

NEW DELHI 31 Dec. - Food price inflation returned to near 20 percent in mid-December, reinforcing expectations the Reserve Bank could tighten policy in coming weeks to prevent a broader break-out of inflationary pressu...

MUMBAI, Dec 31 - Indian shares provisionally rose 0.77 percent on Thursday to end the year up 81 percent, their biggest annual gain since 1991.

The 30-share SE index .BSESN provisionally ended up 134.10 points at 17,477.92.

The 50-...

NEW DELHI 31 Dec. - The government will introduce mobile number portability across the country by March 31, 2010, pushing back its introduction by up to 3 months in parts of the country, the government said in a statement on Thursday.

Mobi...

MUMBAI 31 Dec. - The BSE Sensex hit its highest level in nearly 20 months on Thursday, led by index heavyweights Reliance Industries and Infosys Technologies,

MUMBAI 30 Dec. - The BSE Sensex opened flat on Wednesday amid muted cues from Asian markets, but traders ruled out a steep downside as the undertone stayed bullish.

NEW DELHI 30 Dec.- The government on Tuesday extended by 15 months a deadline for an obligation to export refined sugar against prior raw sugar imports until the end of March 2011, a government statement said.

 MUMBAI, Dec 30 - Indian shares are set to open flat to softer on Wednesday, tracking subdued Asian peers, but a steep fall is unlikely as the sentiment and liquidity that drove...

MUMBAI 30 Dec. - India's monetary policy focus is shifting to managing recovery and containing inflation from fostering growth after the global downturn, a deputy governor at the Reserve Bank of India (RBI) said.

The key benchmark indices were trading flat in the early deals today. The Sensex was up 45 points at 17,405 levels and the Nifty rose 0.2 per cent to 5,190.

NEW DELHI 29 Dec.  – The government has no immediate plans to raise fuel prices, the country's petroleum secretary said on Tuesday, after a newspaper report that auto fuel prices could be raised early next y...

MUMBAI 29 Dec.– The BSE Sensex was trading 0.4 percent higher on Tuesday morning, led by ICICI Bank and Reliance Industries, taking cues from mostly firm Asia, on renewed optimism over global economic recovery.

At 9:55 a.m. (0425 GMT...

MUMBAI, Dec 29  - Indian shares were trading 0.4 percent higher on Tuesday morning, led by ICICI Bank (ICBK.BO: Quote, Profile, Research) and Reliance Industries (RELI.BO: Quote, Profile, Research), taking cues from mostly firm Asia, on renew...

TOKYO 28 Dec. - A state-backed turnaround fund may seek to put Japan Airlines Corp through bankruptcy court if it decides to support the struggling carrier, two sources with knowledge of the matter said.

SINGAPORE 28 Dec. - Asian stocks rose on Monday on increasing optimism about the global economy, with Tokyo shares hitting their highest in four months, while the U.S. dollar gained against the yen and held firm agains...

TOKYO 26 Dec. - Toyota Motor Corp expects a 17 percent increase in its 2010 global production, excluding units Daihatsu and Hino Motors, from this year to about 7.5 million units, Japanese media reported on Saturday.

The move comes as reco...

MUMBAI 26 Dec. - The government is hoping to raise over 230 billion rupees ($4.9 billion) from the sale of a stake in iron ore miner National Mineral Development Corp, the Times of India said on Saturday.

US stocks rallied in a brief pre-holiday session on Thursday after data showing a drop in initial jobless claims and growth in durable goods orders suggested an economic recovery was picking up steam.

MUMBAI, Dec 24 (Reuters) - Indian shares briefly turned negative on Thursday morning, led by losses in software companies, as traders turned cautious after the steep rally in the previous session.

At 10:26 a.m. (0456 GMT), the 30-share BSE...

Stocks ended an erratic session with a slender gain on Wednesday as rising commodities prices offset disappointment over an unexpected drop in home sales.

Gains in commodities
drove the shares of energy and materials-producin...

The key benchmark indices pared early gains to trade flat in morning deals.  While realty, auto and metal stocks rose, IT counters were under pressure.
The Sensex was down 4 points at 17,226 levels and the Nifty was down 3 points at 5,...

Indian stocks edged higher in the early trades led by advances in overseas markets. The Sensex was up 111 points at 16,803 levels and the Nifty rose 0.6 per cent to 5,018.

Some buying interest was seen in IT, banking
and meta...

MUMBAI (Reuters) – The BSE Sensex was up 0.4 percent in early trade on Wednesday, led by a rise in Infosys Technologies and ICICI Bank, with firm Asian markets supporting sentiment.

At 9:55 a.m. (0425 GMT), the 30-share BSE index was...

Stocks pushed higher for a third straight day after a surprisingly strong report on housing provided the latest evidence that the economy is picking up speed.
All major indexes gained less than 1 percent on Tuesday, with the Standard & ...

Indian stocks edged higher in the early trades led by advances in overseas markets. The Sensex was up 111 points at 16,803 levels and the Nifty rose 0.6 per cent to 5,018.

Some buying interest was seen in IT, banking and metal count...

Reliance Industries on Tuesday said it has made a third successive gas discovery in the D3 deep-sea block in the Krishna-Godavari basin, off the east coast. Reliance found three gas reservoirs in the KGV-D3-R1 well drilled on the b...

Gains in metals and banking stocks, along with positive trends in global markets, helped Indian shares end higher on Tuesday after three straight losing sessions. The Sensex ended up 90 points to close at 16,692.

On the NSE, the Nif...

 MUMBAI, Dec 22 (Reuters) - Indian shares rose 0.6 percent in early trade on Tuesday, led by gains in ICICI Bank (ICBK.BO: Quote, Profile, Research) and Reliance Industries (RELI.BO: Quote, Profile, Research) and tracking firm Asian markets.<...

MUMBAI (Reuters) - The rupee was steady in initial trades on Tuesday as gains in regional shares was offset by the dollar's gains against major currencies overseas.

* The dollar hovered close to its highest in more than three months agains...

MUMBAI (Reuters) – The BSE Sensex rose 0.6 percent in early trade on Tuesday, led by gains in ICICI Bank and Reliance Industries and tracking firm Asian markets.

At 9:55 a.m. (0425 GMT), the 30-share BSE index was up 0.62 percent at ...

The key indices were flat as buyers remained on the sidelines as the year-end approaches. A slide in RIL was weighing on the Sensex.

In recent action, the Sensex was up 12 points at 16,731, whi...

MUMBAI, Dec 21  - Indian shares were marginally higher in early trade on Monday, lacking drive given subdued cues from Asian markets and lack of local triggers.

MUMBAI (Reuters) – The rupee fell early on Monday tracking broadly lower regional peers but the local sharemarket open was watched for further cues on the direction of fund flows.

MUMBAI 21 – The BSE Sensex was marginally higher in early trade on Monday, lacking drive given subdued cues from Asian markets and lack of local triggers.

At 9:56 a.m. (0426 GMT), the 30-share BSE index was up 0.08 percent at 16,737....

US markets ended with moderate gain on Friday. The Dow rose 20.63 points, or 0.2%, to 10,328.89. The broader S&P 500 index rose 6.39 points, or 0.6%, t...

DUBAI (Reuters) - Dubai scrambled to restore its reputation on Thursday, assuring investors that major property and leisure projects would go ahead and dispatching two top officials on a public relations drive to Washington.

Dubai raised f...

The key benchmark indices were flat in the early trades amid losses in global markets. The Sensex was down 30 points at 16,863 levels and the Nifty rose 0.2 per cent to 5,030.

Realty and

MUMBAI 18 Dec. - The BSE Sensex fell 0.4 percent in early trade on Friday, taking cues from weak Asian markets and led by losses in lenders such as ICICI Bank and HDFC Bank.

At 9:56 a.m. (0426 GMT), the 30-share BSE index was down 0.39 per...

MUMBAI, Dec 18  - Indian shares fell 0.4 percent in early trade on Friday, taking cues from weak Asian markets and led by losses in lenders such as ICICI Bank (ICBK.BO: Quote, Profile, Research) and HDFC Bank (HDBK.BO: Quote, Profile, Researc...

MUMBAI (Reuters) - The BSE Sensex eased 0.1 percent in choppy trade on Thursday as investors braced for the coming holiday season when foreign funds usually stay away.

Technology, auto and bank stocks cushioned the fall that was led down b...

MUMBAI (Reuters) - India's top stock exchanges have postponed by two weeks moves to extend their trading hours, bowing to criticism from brokers who said the infrastructure needed for beginning trading earlier in the day was absent.

The Bo...

Foreign money trickling into the Private Equity
space still is scarce, but now there are wealthy Indians, who want to diversify by parking their money in PE funds.
IT Czar Azim Premji's Rs 230 crore investment
in Subhiksha may...

Indian markets were trading flat in the early deals today. The Sensex was down 42 points at 16,870 levels and the Nifty lost 0.2 per cent to trade at 5,028.

While pharma and IT stocks rose, realty and banks were under pressure. 

 MUMBAI, Dec 17 (Reuters) - Indian shares turned negative in early trade on Thursday after starting higher, with leading telecom Bharti Airtel (BRTI.BO: Quote, Profile, Research) easing 0.7 percent.

At 9:59 a.m. (0429 GMT), the 30-sha...

The key benchmark indices were flat in the early trades amid mixed trends in Asian markets. The Sensex was down 18 points at 16,859 levels and the Nifty fell 7 points to 5,025.

Some selling pres...

MUMBAI 16 Dec. – The Reserve Bank of India (RBI) may raise its key policy rates by 25 basis points in January, earlier than previously thought, to tame accelerating inflation, Standard Chartered Bank said on Wednesday.

The bank sees ...

MUMBAI 16 Dec. – The BSE Sensex fell 0.4 percent in early trade on Wednesday, weighed down by banks on concerns the central bank may tighten policy after inflation rose faster than expected in November.

MUMBAI, Dec 16  - Indian shares fell 0.4 percent in early trade on Wednesday, weighed down by banks on concerns the central bank may tighten policy after inflation rose faster than expected in November.

MUMBAI 16 Dec. - The rupee edged lower on Wednesday on the back of the dollar's gains against major units, but a Moody's outlook upgrade for the local currency rating limited a further fall ahead of the stock market open.

* At 9:03 a.m. th...

MUMBAI 15 Dec. - Energy major Reliance Industries will decide on submitting a bid for LyondellBasell on Tuesday, after the outcome of a U.S. court hearing on a revised rescue plan, local media said.

The Luxembourg-based petrochemicals comp...

DUBAI (Reuters) - Abu Dhabi threw its flashy but debt-laden neighbour Dubai a $10 billion lifeline to head off a bond default, cheering Gulf and global markets on Monday but raising questions about the undisclosed term...

NEW DELHI 15 Dec - The government's total spending will remain at 10.2 trillion rupees ($218 billion) for the fiscal year to March 2010, same as the budget estimate made in July, finance minister told parliament on Monday.

Pranab Mukherjee...

MUMBAI, Dec 15  - Indian shares rose 0.4 percent in early trade on Tuesday, after advance taxes paid by companies indicated better earnings for the December quarter from a year before.

At 9:56 a.m. (0426 GMT), the 30-share BSE index ....

MUMBAI 15 Dec. - The BSE Sensex rose 0.4 percent in early trade on Tuesday, after advance taxes paid by companies indicated better earnings for the December quarter from a year before.

Tata Steel is in talks with investors to raise Rs 50 bn rupees (USD 1.1 bn) in equity and an equal amount in debt, the DNA newspaper reported on Monday, citing unnamed sources.

The ...

MUMBAI (Reuters) - India's largest listed developer, DLF Ltd, is set to acquire a property trust owned by its founders K.P. Singh and family for around 100 billion rupees ($2.15 billion), the Economic Times reported on...

DUBAI (Reuters) - Dubai said on Monday it had received $10 billion from fellow UAE member Abu Dhabi to help it repay $4.1 billion Islamic bond maturing on Monday.

The key benchmark indices were trading higher in the early trades today. The Sensex was up 89 points at 17,208 levels and the Nifty rose 0.4 per cent to 5,137.

Auto, oil & gas and IT Stock &...

MUMBAI, Dec 14 - Indian shares fell 0.1 percent in early trade on Monday, with banks leading the losses ahead of November inflation data that is due by midday (0630 GMT).

MUMBAI 14 Dec. - The BSE Sensex fell 0.1 percent in early trade on Monday, with banks leading the losses ahead of November inflation data that is due by midday (0630 GMT).

WASHINGTON (Reuters) - President Barack Obama complained about "fat-cat bankers" and sharply criticized Wall Street banks for paying out big bonuses to executives in a television interview to air on Sunday.

WASHINGTON (Reuters) - President Barack Obama complained about "fat-cat bankers" and sharply criticized Wall Street banks for paying out big bonuses to executives in a television interview to air on Sunday.

Washington, Dec 12 (IANS) The Tata Nano, designed to be the world's most affordable car, will be on view at prestigious Smithsonian's Cooper-Hewitt, National Design Museum in New York's f...

A jump in exports lifted stock on Thursday, offsetting concerns about an increase in unemployment claims.
The market came away with moderate gains for the day after the Commerce Department said rising exports helped narro...

MUMBAI, Dec 11  - Indian shares rose 0.9 percent in early trade Friday, led by gains in Reliance Industries (RELI.BO: Quote, Profile, Research) and Infosys Technologies (INFY.BO: Quote, Profile, Research), taking ...

MUMBAI 11Dec. - The rupee edged higher in opening deals on Friday tracking stronger regional peers with gains in other Asian stock markets boosting hopes for capital inflows.

 ...

MUMBAI  11Dec. – The BSE Sensex is set to open higher on Friday following gains in Asian markets, with investors waiting on October industrial output data for updates on the economy's strength and the outloo...

The key benchmark indices were flat in the early trades amid mixed trends in world markets. The Sensex was down 38 points at 17,087 levels and the Nifty shed 0.2 per cent to 5,099.

Realty, oil &...

MUMBAI, Dec 10  - Top Indian mortgage lender Housing Development Finance Corp ( Quote, Profile, Research) will sell 2 billion rupees of bonds next week, two sources with knowledge of the deal said on Thursday.

The three-year bonds car...

NEW DELHI 10 Dec - Prime Minister Manmohan Singh said on Thursday the country needs to boost investment in agricultural technology to improve farm output.

Source:Reuters

For More News Visit 

MUMBAI (Reuters) - The rupee weakened on Thursday after the Reserve Bank of India (RBI) tightened some external commercial borrowing (ECB) norms for companies. A lower start to local shares also added to the downward p...

MUMBAI, Dec 10 (Reuters) - Indian shares were flat in early trade on Thursday, as weak Asian peers pushed investors to take profits on a 3 percent rally over the past two weeks.

&nb...

MUMBAI, Dec 9  - The Indian rupee is expected to start weaker on Wednesday and may head towards two-week lows in line with falls in regional peers and the euro on risk fears, but the dollar's broad weakness against other majors should limit t...

NEW YORK (Reuters) - Investment choices will become tougher in 2010, after the easy money reaped across most asset classes this year, as weak credit availability and a high jobless rate temper U.S. economic growth, sai...

MUMBAI 9 Dec – The BSE Sensex may open lower on Wednesday, tracking weaker global markets as rising risk aversion among investors after a ratings downgrade of Greece caused a worldwide shift to safe-haven assets....

MUMBAI, Dec 9 (Reuters) - Indian shares fell 0.5 percent in early trade on Wednesday, with Reliance Industries (RELI.BO: Quote, Profile, Research) and ICICI Bank (ICBK.BO: Quote, Profile, Research) contributing most to...

Even the prospect of interest rates staying low couldn't keep buyers in the stock markets.
Stocks ended little changed on Monday, having given back a brief afternoon gain that followed comment...

MUMBAI, Dec 8  - Indian shares rose 0.2 percent in early trade on Tuesday, led by Reliance Industries (RELI.BO: Quote, Profile, Research) and Tata Steel (TISC.BO: Quote, Profile, Research), shrugging off the weakness in Asia and U.S. markets....

NEW DELHI  - Car sales in India rose an annual 61 percent in November, boosted by improved consumer sentiment, easier availability of loans and a low sales base a year earlier, an industry body said on Tuesday.