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  • CHENNAI, India, July 2- India's central bank is committed to steadily increasing how much government debt foreign investors can buy, but will proceed cautiously to avoid becoming too reliant on overseas capital, Governor Raghuram Rajan said on Thursday. Rajan added India would examine debt limits twice a year, hinting at a more formal decision-making process.

  • MUMBAI, India— Drivers of Mumbai's iconic horse-drawn carriages can't imagine not plying the roads pulling photo-snapping tourists atop their kitsch-covered chariots. Yet that time is coming, thanks to a court order calling such superfluous "joyrides" a form of animal cruelty and banning them in India's financial capital from June 2016.

  • NEW DELHI, July 2- For years Indian businesses have lobbied for a nationwide sales tax, hoping to replace a chaotic structure that inflates costs and halts their trucks at state borders for duty payments, and to unify the country into one of the world's largest single markets. India's top business groups are now calling for a slowdown in the process as they try to...

  • *Company to invest in producing Jeep in India. *India to be No. 3 car market by 2020- IHS Automotive. NEW DELHI, July 1- Fiat Chrysler will invest $280 million to begin Jeep production in India from 2017 through an expanded joint venture with Tata Motors, the carmaker said on Wednesday.

  • NEW DELHI— Toilets are taken for granted in the industrialized West, but still are a luxury for a third of the world's people who have no access to them, according to a report by the World Health Organization and UNICEF. With those benchmarks expiring this year, the United Nations is leading efforts to come up with a new set of "sustainable development goals" that are...

  • Sao Paulo city council takes first step to ban Uber Wednesday, 1 Jul 2015 | 8:03 AM ET

    SAO PAULO, July 1- The city council of Sao Paulo, South America's largest metropolis, voted to ban the U.S-based Uber ride-sharing service late Tuesday, the latest setback for the company after several countries took similar steps in recent months. "Uber defends the right of users to choose the way in which they move about the city," the company said in a statement...

  • NEW DELHI, June 30- The owner of Indian airline IndiGo said on Tuesday that the terms of a provisional order to buy 250 aircraft from Airbus had expired, but that the two companies remained in talks about acquiring a "significant" number of A320neo jets. Budget airline Indigo, India's biggest carrier by market share, signed a provisional order for 250 A320neo jets...

  • PARIS, June 30- Two executives from California- based Uber will face trial in France on Sept. 30, the Paris public prosecutor said on Tuesday, part of a French crackdown on what the government calls an illegal taxi service. Thibaud Simphal, manager of Uber France, and Pierre-Dimitri Gore-Coty, general manager for western Europe, were detained by police on Monday in an...

  • What's next for China's 'World Bank'? Tuesday, 30 Jun 2015 | 10:00 AM ET
    Jin Liqun, left, current secretary general of the Multilateral Interim Secretariat of Asian Infrastructure Investment Bank, shakes hands with China's Finance Minister Lou Jiwei ahead of a signing ceremony of articles of agreement of the AIIB, at the Great Hall of the People in Beijing, June 29, 2015.

    How China's new Asian Infrastructure Investment Bank can rival the West's World Bank, says Curtis Chin.

  • Two Uber France executives to go on trial Sept. 30 Tuesday, 30 Jun 2015 | 7:17 AM ET

    ATHENS, June 30- Two executives from Uber's French branch will go on trial on September 30, a prosecutor said on Tuesday, after the two were held for questioning as the government intensified its clampdown on the U.S.-based taxi and ride-sharing service. Thibaud Simphal, manager of Uber France, and Pierre-Dimitri Gore-Coty, general manager for western Europe,...

  • *China shares bounce more than 5 pct but wildly volatile. Financial spreadbetters expect Britain's FTSE 100 to open down 0.5 percent, Germany's DAX 0.7 percent, and France's CAC 40 0.6 percent. "There is still too much uncertainty in the markets and investors would be watching developments in Greece and China very carefully before jumping in," said Karine Hirn,...

  • Volatility in China's stock market in recent days has rippled through Asia, weighing on stock markets from Mumbai to Australia, and prompting investors to rush to the sidelines. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.5 percent but remained within striking distance of a five-month low hit on Monday. "There is still too much...

  • Thibaud Simphal, manager of Uber France, and Pierre-Dimitri Gore-Coty, general manager for western Europe, were detained as part of an investigation that earlier led to Uber's offices being raided by police in March. Uber has provoked protests by taxi drivers from London to New Delhi as it upends traditional business models that require professional drivers...

  • BENGALURU, June 29- India's benchmark stock index, the BSE Sensex, is set to climb this year, although not by as much as forecast three months ago, and it will be up about 18 percent in a year's time even if U.S. interest rates rise as expected, a Reuters poll found. The poll was conducted last week, before negotiations between Greece and its creditors broke down, setting...

  • Indian Oil buys spot LNG cargo from Vitol - sources Friday, 26 Jun 2015 | 6:59 AM ET

    NEW DELHI/ MILAN, June 26- State-run Indian Oil Corp has awarded a tender to buy a liquefied natural gas cargo for delivery in mid-July to trader Vitol, sources with knowledge of the deal said. The 3.1 trillion British thermal units cargo will be delivered at Dahej Terminal in western Gujarat State. Petronet LNG operates the 10 million tonnes a year Dahej terminal...

  • A look at challenges Uber has faced around the world Thursday, 25 Jun 2015 | 1:48 PM ET

    PARIS— Taxi drivers in France went on strike Thursday, smashing car windows, setting tires on fire and blocking traffic to express their displeasure with American ride-hailing service Uber. A judge in December ordered Uber's temporary suspension in Spain, saying it represents unfair competition. The Madrid commercial court judge said in a preliminary...

  • NEW DELHI, June 25- India's state social security and pension fund, undeterred by trade union resistance, will start investing in equity markets next month, the labor minister said, part of a broader push by Prime Minister Narendra Modi to move away from socialist ways rooted in decades-old labor laws. With more than $100 billion of assets from some 80 million...

  • TEL AVIV, June 24- The family businesses that make up the global diamond trade have seen their profits wiped out over the past five years, hit by shaky financing, increased costs and uncertain demand from customers who prefer hi-tech gadgets to bling. While the $80 billion overall spent on diamond jewelry last year was a record, the manufacturers are expected to...

  • China vs India: Who has a better growth story? Monday, 22 Jun 2015 | 8:49 PM ET
    China vs India: Who has a better growth story?

    India has overtaken China as the fastest growing major economy in Asia, but experts tell CNBC the country still has a lot of catching up to do.

  • Journalist abducted and killed in central India Monday, 22 Jun 2015 | 6:44 AM ET

    NEW DELHI— Police have arrested two men suspected of kidnapping and killing a journalist in central Madhya Pradesh state, an official said Monday. Sandeep Kothari was abducted by a group of men who beat him to death and then burned his body and left it near a railway track in Katangi town, police Superintendent Neeraj Soni said. Kothari's death comes less than two...