Stephen Nagy, Assistant Professor, Department of Japanese Studies at The Chinese University of Hong Kong, says Japan is the ideal partner to provide the capital and technology investment that India needs.» Read More
NEW DELHI, April 3- Indian Prime Minister Manmohan Singh urged business leaders on Wednesday to keep faith in his Congress- led government's efforts to improve a dire investment climate, without giving details of fresh steps to bring about a recovery in the sagging economy.
MUMBAI, March 19- India's central bank lowered its benchmark policy rates by 25 basis points on Tuesday for the second time this year in a bid to help revive growth in Asia's third-largest economy, but warned that the scope for further easing is limited.
Removing investment barriers, many of which date back to before India started opening up its economy in the early 1990 s, has been key to the government's push to restoring investor confidence in Asia's third-largest economy.
NEW DELHI, March 17- Indian Defence Minister A.K. Antony is leaning toward barring Anglo-Italian helicopter firm AgustaWestland from doing business in the country because of a corruption scandal, but he could be outvoted by cabinet colleagues, several government sources said. India plans to spend $100 billion in the next decade on military hardware.
* "Too big to fail" will take years to resolve. LONDON, March 13- Reforms to the world's financial system still fall short of ensuring that big and systemically important banks will not need to be bailed out by governments if they fail, regulators say.
*Industrial output +2.4 pct in Jan vs -0.5 pct in Dec. *Analysts expect RBI to cut interest rates on March 19.
NEW DELHI, Feb 28- India unveiled new taxes on the rich and large companies on Thursday to fund higher-than-expected spending for the next fiscal year, in a budget that aimed to revive growth amid the country's worst slowdown in a decade ahead of a 2014 election.
NEW DELHI, Feb 28- India unveiled higher-than-expected spending for fiscal 2013/ 14 on Thursday, aiming to fund it with higher revenues- including new taxes on the rich and large companies- in a budget aimed at reviving growth amid the country's worst slowdown in a decade.
NEW DELHI, Feb 26- India's finance minister had a bruising battle with cabinet colleagues in the run-up to the budget he unveils this week, rebuffing demands for pre-election spending and insisting on austerity to shore up investors' faith in a troubled economy.
MUMBAI, Feb 22- India's austerity push in a budget to be unveiled on Thursday threatens to have the unintended impact of adding to inflationary pressure, hampering chances for rapid interest rate cuts that the government wants, central bank officials told Reuters.
*Finmeccanica says never broke Indian law. MILAN, Feb 19- Italian defence company Finmeccanica, at the centre of a probe into alleged bribery to win an Indian helicopter tender, said on Tuesday it was ready to cooperate with Indian authorities to clarify the matter.
NEW DELHI, Feb 19- Indian Defence Minister A.K. Antony said on Tuesday it was "too early" to consider the possibility of foul play in a planned $10 billion deal with France's Dassault Aviation for Rafale war planes.
*EU states clamouring to boost trade relations with India. MUMBAI, Feb 18- British Prime Minister David Cameron flew into India on Monday promising to try to revive Indian interest in the Eurofighter even though New Delhi has chosen a French-made rival and as a graft scandal is engulfing an Anglo-Italian helicopter deal.
*EU states clamouring to boost trade relations with India. MUMBAI, Feb 18- British Prime Minister David Cameron arrived in India on Monday as a graft scandal engulfed an Anglo-Italian helicopter deal and immediately told his hosts they should open up their economy because Britain has done the same for Indian firms.
British Prime Minister David Cameron arrives in India on Monday to try to win new investment in the face of fierce global competition.
LONDON, Feb 18- British Prime Minister David Cameron arrives in India on Monday to try to win new investment in the face of fierce global competition as a scandal engulfs an Anglo-Italian helicopter deal.
NEW DELHI, Feb 14- India's headline inflation rate moderated to its lowest level in more than three years in January, helped by a slower rise in fuel and manufactured goods prices, which could give policymakers more leeway to revive a slowing economy.
*Finmeccanica could be blacklisted in India- minister. NEW DELHI, Feb 13- India put on hold a $750 million deal to buy helicopters from Finmeccanica SpA after the arrest of the head of the Italian defence group, as political opponents tried to capitalise on the latest scandal to hit the government before elections next year.
Being a big wheel in the earth mover business, Vipin Sondhi has a very clear idea why the Indian economy is stuck in the mud and what the government must do to change the mindset of business executives, like himself.
BALLABGARH, India, Feb 13- Being a big wheel in the earth mover business, Vipin Sondhi has a very clear idea why the Indian economy is stuck in the mud and what the government must do to change the mindset of business executives, like himself, who are too wary to invest.