
Indian industrial production growth slowed sharply in December, its slowest pace in two months, adding to pressure on the central bank to start cutting interest rates to help stimulate an economy that is headed for its slowest growth in three years.
India's Tata Steel , the world's No.7 steelmaker, posted an unexpected quarterly loss, its first in more than two years, as higher raw material costs and weak demand in Europe hurt margins.
Three Indian politicians from a morally conservative party, including a women's affairs minister, resigned on Wednesday after being caught watching pornography on a mobile phone during a session of state parliament.