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  • MUMBAI, Sept 1- The rescue of India's economy may come down to the spending power of people like 26- year-old Avni Rambhiya. From rising retail loans to a pick-up in movie ticket sales, there are early signs of a recovery in spending in Asia's third-largest economy. "The headwinds of 2013 that pushed down consumer spending have turned positive now," said Siddhartha...

  • *Weakness in India's services sector drags growth. While doubts still persist over India's new way of calculating GDP, even though the method gained an endorsement from the World Bank's chief economist, there is no denying the fact that the economy is still struggling to gather steam. "There's a lot of emphasis that's being put on the opportunities that lie ahead...

  • AHMEDABAD, India, Aug 31- A sword-wielding 22- year-old activist has emerged overnight as the most pressing political threat to Narendra Modi, accusing the Indian prime minister of breaking a promise to provide jobs that helped him win last year's general election. Hardik Patel, by his own admission, scraped through college and failed to land a steady job.

  • These are the bright spots in EMs: Mobius Sunday, 30 Aug 2015 | 11:14 PM ET
    These are the bright spots in EMs: Mobius

    Despite China's slowdown, there are glimmers of opportunities in emerging markets like India, says Mark Mobius, executive chairman at Templeton Emerging Markets Group.

  • India's latest GDP data could give Modi a boost Sunday, 30 Aug 2015 | 9:06 PM ET

    India should offer hope to the world as it remains the fastest growing major economy for the second quarter running.

  • India shines among EMs: Old Mutual Sunday, 30 Aug 2015 | 8:22 PM ET
    India shines among EMs: Old Mutual

    Indian growth is catching up to its potential growth rate, says Joshua Crabb, head of Asian equities at Old Mutual Global Investors.

  • Indian economy offers hope as China struggles Sunday, 30 Aug 2015 | 5:00 PM ET

    NEW DELHI, Aug 31- For investors worried about the health of emerging economies, India's gross domestic product data for April-June should supply some cheer on Monday- the country is expected to remain the fastest growing major economy for a second straight quarter. But doubts persist over India's new way of calculating GDP, introduced early this year, even...

  • Market turmoil: What this means for India Friday, 28 Aug 2015 | 7:00 AM ET
    Market turmoil: What this means for India

    Rajiv Biswas, Asia-Pacific chief economist at IHS Global, explains how recent market moves have affected the Indian market.

  • India watchdog wants more control on your kids' diet Thursday, 27 Aug 2015 | 9:13 PM ET

    Tensions are rising between food companies and India's food safety regulator, seeking to assert its authority, the FT reports.

  • NOIDA, India, Aug 26- After a decade labouring on building sites around New Delhi, Akhilesh Kumar lost his scaffolding job last month when his employer halted work on an array of 30 residential towers. He joins more than half a million workers let go from sites around India's capital in the last 18 months, in a stark sign that the reality in Asia's third-largest...

  • MUMBAI, Aug 27- India's markets regulator plans to overhaul the corporate debt market by pushing all issuance onto an electronic platform as early as November, sources with direct knowledge of the plan told Reuters, in a bid to boost market activity. The Securities and Exchange Board of India will announce the proposal drafted by an internal regulatory panel...

  • NOIDA, India, Aug 26- After a decade labouring on building sites around New Delhi, Akhilesh Kumar lost his scaffolding job last month when his employer halted work on an array of 30 residential towers. He joins more than half a million workers let go from sites around India's capital in the last 18 months, in a stark sign that the ground reality in Asia's...

  • MIAMI, Aug 26- A tropical storm watch was extended to the Dominican Republic and the Bahamas on Wednesday as Erika, the fifth named storm of the Atlantic hurricane season, closed in on the Eastern Caribbean and appeared to be heading for Florida, the U.S. National Hurricane Center said. Erika strengthened slightly on Wednesday and could reach hurricane status...

  • WASHINGTON, Aug 26- The World Trade Organization has ruled against India in a dispute with the United States over its solar power program, Indian business newspaper Mint reported on Wednesday. Mint quoted an unnamed official from the Indian commerce ministry as saying the country planned to appeal the decision, made after the United States complained about...

  • MIAMI, Aug 26- Tropical storm warnings were in effect on Wednesday for Puerto Rico and the Virgin Islands as Erika, the fifth named storm of the Atlantic hurricane season, closed in on the Eastern Caribbean and appeared to be heading for Florida, the U.S. National Hurricane Center said. Erika strengthened slightly overnight and could reach hurricane status over...

  • Indian construction slowdown hits Modi's jobs promise Wednesday, 26 Aug 2015 | 9:00 AM ET

    He joins more than half a million workers let go from sites around India's capital in the last 18 months, in a stark sign that the ground reality in Asia's third-largest economy is far from as rosy as official data suggests. The deepening downturn in India's crucial building sector makes it easily understandable why Prime Minister Narendra Modi's image as the...

  • China woes to weigh on Asian currencies: Citi Wednesday, 26 Aug 2015 | 12:50 AM ET
    China woes to weigh on Asian currencies: Citi

    Todd Elmer, currency strategist at Citi, expects Asian currencies to remain on the back foot amid a high degree of nervousness over China that is unlikely to disappear anytime soon.

  • Mahindra Group: FX volatility doesn't affect us Wednesday, 26 Aug 2015 | 12:45 AM ET
    Mahindra Group: FX volatility doesn't affect us

    V.S. Parthasarathy, CFO of the Mahindra Group, explains why the Indian multinational conglomerate is well-positioned to weather the fluctuations in the currency market.

  • Toll's home orders up as housing gathers steam Tuesday, 25 Aug 2015 | 6:27 AM ET
    A construction worker climbs on the roof of a home in Boca Raton, Florida.

    Toll Brothers said orders have risen 16 percent so far in the quarter started August, indicating that the housing recovery is gathering steam.

  • Aug 25- Toll Brothers Inc, the largest U.S. luxury home builder, said orders have risen 16 percent so far in the quarter started August, outpacing the 12 percent rise in the third quarter, indicating that the housing recovery is gathering steam. Toll Brothers, which builds homes that can cost upward of $2 million, forecast an average selling price of $745,000 to...