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  • European pension funds lobby Oracle on pay, governance Sunday, 25 Jan 2015 | 11:12 PM ET

    Jan 25- Two European pension funds have written a letter to Oracle Corp complaining about leading shareholder Larry Ellison's large influence over the U.S. business software company and urging it to allow outsider shareholders a greater say in the company's unpopular pay policies. In a letter addressed to the Oracle board that was seen by Reuters, the...

  • NEW DELHI/ MUMBAI, Jan 26- India is betting that mobile phone vendors, fuel stations and corner stores can help it put basic banking within the grasp of hundreds of millions of its poor people living beyond the reach of traditional bank branches. The regulations announced by the central bank, the Reserve Bank of India, reflect a realization that traditional banks...

  • President Barack Obama unveiled a plan centred on insurance on Sunday that they hope will convince U.S. companies to build nuclear power stations in India, but stopped short of demands to soften a liability law. "The India nuclear insurance pool is a risk transfer mechanism which is being formed by GIC Re and four other public sector undertakings in the general...

  • Keep up the good work, World Bank chief tells Modi Sunday, 25 Jan 2015 | 1:09 PM ET
    Jim Yong Kim, president of World Bank Group.

    Jim Yong Kim said at the World Economic Forum on Saturday that India's new prime minister is making "extremely promising" reforms.

  • *United States sees India as counterweight to China. NEW DELHI, Jan 25- In a glow of bonhomie, U.S. President Barack Obama and Indian Prime Minister Narendra Modi unveiled plans to unlock billions of dollars in nuclear trade and to deepen defence ties, steps they hope will establish an enduring strategic partnership.

  • President Barack Obama and Indian Prime Minister Narendra Modi announced a breakthrough on nuclear trade on Sunday, a step that both sides hope will help establish an enduring strategic partnership. Signaling his determination to take ties to a higher level, Modi broke with protocol to meet and bear-hug Obama as he landed in New Delhi earlier in the day.

  • They ironed out differences over the liability of suppliers to India in the event of a nuclear accident and the United States dropped a demand to be able to track the whereabouts of material supplied to the country, TV news networks said. The White House declined to comment on the reports and the spokesman for India's Ministry of External Affairs said only "we...

  • Signalling his determination to take ties to a higher level, Modi broke with protocol to meet and bear-hug Obama as he landed in New Delhi earlier in the day. It was a remarkable spectacle given that, just a year ago, Modi was persona non grata in Washington and denied a visa to the United States. The White House declined to comment on the reports and the spokesman for...

  • NEW DELHI, Jan 25- Signalling his determination to take relations with the United States to a higher level, Indian Prime Minister Narendra Modi broke with protocol to meet and bear-hug U.S. Obama's visit is a fresh bid to make India an enduring strategic partner and he will seek to nurture friendship with a prime minister who a year ago was persona non grata in...

  • NEW DELHI, Jan 25- In a fresh bid to make India an enduring strategic partner, U.S. President Barack Obama landed in New Delhi on Sunday for a highly symbolic visit and to nurture friendship with a prime minister who a year ago was persona non grata in Washington. The United States views India as a vast market and potential counterweight to China's assertiveness in...

  • Unlikely buddies Obama and Modi aim high on India trip Saturday, 24 Jan 2015 | 1:59 PM ET

    NEW DELHI, Jan 25- In a fresh bid to make India an enduring strategic partner, U.S. President Barack Obama lands in New Delhi on Sunday for a highly symbolic parade and to nurture friendship with a prime minister who until last year was persona non grata in Washington. The United States views India as a vast market and potential counterweight to China's...

  • Obama to cut short India trip to pay call on Saudi Arabia Saturday, 24 Jan 2015 | 12:22 AM ET

    WASHINGTON— President Barack Obama will cut short his three-day trip to India to travel to Saudi Arabia to pay respects following the death of King Abdullah, U.S. and Indian officials said Saturday, hours before the U.S. president was to depart for New Delhi. White House spokesman Josh Earnest said the president and first lady Michelle Obama would travel to...

  • Obama heading to India, hoping to improve ties Friday, 23 Jan 2015 | 2:45 PM ET

    Yet the White House says it still was caught off guard when Modi invited Obama to be the first American president to attend India's annual Republic Day festivities, which mark the day in 1950 that the country's constitution came into force. "There's a great affinity between the United States and India and our people, but there's also a history that is complicated...

  • Currency war: Who will be the casualties? Friday, 23 Jan 2015 | 9:45 AM ET
    An employee counts fifty euro banknotes at his desk inside a Travelex store, operated by Travelex Holdings in London.

    Central banks are in combat mode. On the front lines: Europe, Denmark, Canada, Switzerland, Peru and India.

  • *Uber applies for radio taxi license in New Delhi. NEW DELHI, Jan 23- Uber, the U.S.-based online taxi-hailing company, has restarted services in India's capital after a ban following rape allegations against one of its drivers, but a government official said the company remains blacklisted. Uber's app showed taxis available for booking in New Delhi on Friday.

  • *Application follows tie-up in Korea, CEO job-creation promise. NEW DELHI, Jan 23- U.S. taxi-hailing app maker Uber Technologies Inc has restarted services in India's capital after a ban following rape allegations against one of its drivers, but a government official said the company remains blacklisted. The service restoration comes as Uber works to counter...

  • Hazy skies will serve as the backdrop to meetings with Indian Prime Minister Narendra Modi and other officials who are expected to discuss India's biggest environmental woes: Heavy reliance on fossil fuels that has transformed New Delhi into the planet's most polluted capital and made India the third biggest national emitter of greenhouse gases.

  • More rate cuts to come in India?  Thursday, 22 Jan 2015 | 8:40 PM ET

    Arundhati Bhattacharya , Chairperson of State Bank of India, believes that the Reserve Bank of India's unscheduled rate cut last week signals the start of an easing cycle.

  • India welcomes drop in inflation  Thursday, 22 Jan 2015 | 2:20 PM ET

    India's finance minister Arun Jaitley, discussed the impact of declining oil prices. CNBC's Seema Mody reports on the benefit of the crude collapse to India.

  • NEW DELHI, Jan 22- Tata Motors Ltd, India's top automaker by revenue, is looking to shake off its image as a taxi supplier by targeting younger customers with its new Bolt hatchback model. "For a long time Tata Motors has been selling to fleet customers, and selling to them is very different from selling to individuals and families," said Mayank Pareek, president of Tata...