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  • India orders safety checks on Nestle's Maggi noodles Wednesday, 3 Jun 2015 | 9:29 AM ET

    MUMBAI/ NEW DELHI, June 3- India's food minister on Wednesday ordered safety checks on Nestle India's Maggi instant noodles after regional food inspectors said the test batches of the popular snack were found to contain dangerous levels of lead. But the city government of India's capital on Wednesday slapped a 15- day ban on Maggi noodles and said it would...

  • MUMBAI, June 3- The Reserve Bank of India's new inflation mandate could stop it from lowering interest rates again this year if drought strikes, and bond yields have risen sharply on the possibility that the latest rate cut would be the last for some time. After the central bank cut rates on Tuesday for the third time this year, Governor Raghuram Rajan explicitly...

  • Why RBI's rate cut failed to jolt markets Tuesday, 2 Jun 2015 | 11:35 PM ET
    Why RBI's rate cut failed to jolt markets

    Vikas Khemani, CEO of Edelweiss, says investors were disappointed with the lack of a guidance in the Reserve Bank of India's commentary on Tuesday.

  • Anglo American sees surge in iron ore sales to India Tuesday, 2 Jun 2015 | 7:06 AM ET

    VIENNA, June 2- Global miner Anglo American said its iron ore sales to India have more than tripled over the past year as Asia's third-largest economy embarks on a once-in-a-generation urbanization drive. "India is around 15 percent of our sales portfolio, or about 6 million tonnes," David Trotter, Anglo American's global head of iron ore sales, told Reuters at the...

  • NEW DELHI, June 2- A driver contracted with U.S.-based online taxi company Uber Technologies was arrested near New Delhi on Tuesday, police said, after a woman passenger accused him of sexual harassment when she hailed his cab over the weekend. Uber was banned in New Delhi in December after another woman passenger accused one of its drivers of rape.

  • RBI cuts rates for 3rd time in 2015 Tuesday, 2 Jun 2015 | 4:15 AM ET
    RBI cuts rates for 3rd time in 2015

    Jan Dehn, head of research at Ashmore Investment Management, says that the Reserve Bank of India took a "defensive" yet "sensible" move by cutting rates again.

  • NEW DELHI, June 2- An Indian woman has accused a driver contracted with online taxi company Uber Technologies of trying to sexually harass her after she hailed his cab, prompting the U.S.-based firm to suspend the driver and launch an internal investigation. Uber was banned in New Delhi in December after a woman passenger accused one of its drivers of rape.

  • Indian banks starved for capital: Economist Tuesday, 2 Jun 2015 | 1:30 AM ET
    Indian banks starved for capital: Economist

    Shweta Singh, senior economist at Lombard Street Research, says the Indian banking system is starved for capital and feeling strong liquidity constraints.

  • Expect RBI to cut rates for third time this year: HSBC Tuesday, 2 Jun 2015 | 12:20 AM ET
    Expect RBI to cut rates for third time this year: HSBC

    Andre De Silva, head of Asia-Pacific Rates at HSBC Global Research, says factors such as a weather scare will pave the way for another rate cut by India's central bank.

  • India after a year under Modi Monday, 1 Jun 2015 | 5:20 AM ET
    India after a year under Modi

    Madhur Jha, senior global economist at Standard Chartered, says that since 2014, India's government has delivered a "mixed performance" in terms of reaching investor expectations.

  • June 1- China's manufacturing sector showed scant signs of picking up in May as demand stayed stubbornly weak, while exports in South Korea suffered their biggest annual drop since the global financial crisis, grim readings which prompted calls for bolder stimulus measures. The focus now shifts to the United States and parts of Europe, where hopes are pinned on...

  • Sri Lanka open to West: Defense Minister Sunday, 31 May 2015 | 6:12 PM ET
    Sri Lanka open to West: Defense minister

    Ruwan Wijewardene, Sri Lanka's Defense Minister, talks about the new government's foreign policy.

  • WASHINGTON, May 29- Alpha Natural Resources Inc no longer qualifies for a government program that subsidizes a share of mine cleanup insurance, requiring the coal company to find another way to cover roughly $400 million in liabilities, Wyoming officials said on Friday. "At the end of the day, the rules for self bonding are very clear," said Keith Guille, a spokesman...

  • *Intel to offer $54 per share- source. May 29- Intel Corp has resumed talks to buy programmable-chip maker Altera Corp and is close to a $16 billion deal, people familiar with the matter said on Friday, paving way for the third mega semiconductor-chip deal this year. The deal will allow Intel to bundle its own server chips with Altera's line of programmable chips,...

  • May 29- Intel Corp has resumed negotiations to buy smaller chip maker Altera Corp and is close to a $16 billion acquisition agreement, people familiar with the matter said on Friday. Intel and Altera did not respond to requests for comment. In April, Altera rejected an unsolicited $54 per share offer from Intel following months of negotiations, sources told...

  • May 29- Intel Corp has resumed negotiations to buy smaller chip maker Altera Corp and is close to a $15 billion acquisition agreement, a person familiar with the matter said on Friday. Intel and Altera did not respond to requests for comment. In April, Altera rejected an unsolicited $54 per share offer from Intel following months of negotiations, sources told...

  • WASHINGTON, May 29- The U.S. Federal Trade Commission filed a lawsuit on Friday aimed at stopping the $1.9 billion merger of medical technology provider Steris Corp and British sterilization services provider Synergy Health Plc, according to the agency, which enforces antitrust law. Synergy Health and Steris, both of which provide contract sterilization...

  • India's growth trumps China, but data questioned Friday, 29 May 2015 | 8:15 AM ET

    India's economy grew at a faster rate than its Chinese counterpart for a second straight quarter, but concerns remain over the government's new way of calculating its data.

  • Tracking the movements of the Indian rupee Friday, 29 May 2015 | 12:37 AM ET
    Tracking the movements of the Indian rupee

    Despite hitting a two-week low against the U.S. dollar, the Indian rupee remains poised for a "real trade-weighted appreciation", says Mirza Baig, Asian currency strategist at BNP Paribas.

  • Expect India Q1 GDP around 7%: Experts Thursday, 28 May 2015 | 9:34 PM ET
    Expect India Q1 GDP around 7%: Experts

    Richard Iley, chief Asia economist at BNP Paribas and Jahangir Aziz, Head of EM Asia Economic Research at JP Morgan, outline their estimates for India's first-quarter gross domestic product.