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  • NEW DELHI/ MUMBAI, July 31- Indian industrial giant Larsen& Toubro Ltd criticised on Friday the "unhurried pace" of government reforms for weakening investment in its home market, as it reported a 37 percent slide in first-quarter profit. Larsen, which makes everything from metro train lines to gas pipelines to parts for submarines, has been hoping for a rebound in...

  • NEW DELHI, July 31- Planning to inject $11 billion of capital into debt-laden state banks over the next four years, India's Finance Minister Arun Jaitley on Friday sought parliament's approval to boost budget spending by $4 billion in the current fiscal year. High levels of non-performing assets in state-run banks have made it hard for the government of Prime...

  • MUMBAI, July 31- India's Reliance Communications has revived a plan to sell a stake in its tower unit, attracting early interest from U.S. private equity firms as well as sector rivals, three sources with direct knowledge of the matter said. Reliance Communications, India's fourth-biggest mobile phone carrier, is looking at a valuation of about $4 billion for the...

  • With almost 80 million people and annual output of some $400 billion, Iran could be the biggest economy to rejoin the global trading and financial system since Russia emerged from the collapse of the Soviet Union more than two decades ago. Iran has already outlined plans to rebuild its main industries and trade relationships, saying last week it was targeting...

  • According to Press Trust of India, the head of Uber India, Amit Jain, said the investment will be used to improve operations and establish a better customer support network. "India is one of Uber's big priorities," Jain was quoted as saying in a statement, adding that a similar billion-dollar investment was announced for China in June. The company also plans to expand...

  • By Mayank Bhardwaj and Krishna N. Das. NEW DELHI, July 31- India is to buy oilseeds and pulses directly from farmers for the first time this year, in addition to its existing purchases of wheat and rice, to boost production and close a supply gap that has driven its annual import bill up to $12 billion. India is the world's biggest consumer of edible oils and Prime...

  • Uber to plow $1B into India investment drive Friday, 31 Jul 2015 | 2:38 AM ET
    A woman uses the Uber app on a smartphone as a taxi cab drives by.

    Uber is set to plow $1 billion into a major expansion in India, placing its investment in the country on a par with China, the FT reports.

  • Quarter of Earth seen living on just one continent Thursday, 30 Jul 2015 | 1:03 PM ET
    Indian passengers stand and hang onto a train as it departs from a station on the outskirts of New Delhi.

    The Earth will be quite a bit more crowded in 2050—with nearly 2.5 billion more people than now.

  • Snapdeal: India's e-commerce in for exponential growth Wednesday, 29 Jul 2015 | 9:47 PM ET
    Snapdeal: India's e-commerce in for exponential growth

    Kunal Bahl, co-founder & CEO of Snapdeal.com, says India's e-commerce sector hasn't reached its "true potential" yet.

  • El Nino may hasten rebound in sugar prices Wednesday, 29 Jul 2015 | 11:55 AM ET

    *Sugar market to have first deficit in 6 years-Reuters poll. Drought has already begun to threaten production in number two exporter Thailand and top consumer India as weather bureaux confirm the return of the phenomenon which can lead to scorching weather across Asia and heavy rains and floods in South America. "The current drought is more severe than last...

  • *Says to restart Goa mines by October. MUMBAI, July 29- India's Vedanta Ltd said on Wednesday it expected to restart iron ore mining by October in top exporting Goa province and that talks were continuing with regulators for merging with its cash-rich unit Cairn India. Chief Executive Tom Albanese said on a conference call Vedanta was hoping to get approvals as...

  • *To restructure and downsize India operations. *To stop production at one of two plants in India. NEW DELHI, July 29- General Motors Co said on Wednesday it will invest $1 billion over the next few years to turn India into a global export hub, even as it cuts production capacity in the country due to sluggish demand.

  • MUMBAI, July 29- Nestle India Ltd slipped to a second-quarter loss as sales plunged after its hugely popular Maggi noodles were pulled off shelves over safety concerns. Nestle has been at the center of India's worst food scare in a decade after local regulators reported that some packets of the company's Maggi instant noodles-- one of India's most popular snacks--...

  • Says to restart Goa mines after monsoons. MUMBAI, July 29- India's Vedanta Ltd said on Wednesday its quarterly profit more than doubled from a year-ago comparison weighed down by a one-time charge, and that it was on track to restart mining in key producing state Goa after monsoons. "We continue to focus on improving efficiency, costs, and enhancing production...

  • July 29 (Reuters)- Rockwell Automation Inc, which makes automation systems that help factories run smoothly, reported a 4.5 percent fall in quarterly revenue, hurt by a strong dollar and slowing industrial production growth. Rockwell, which gets about 48 percent of its annual revenue from outside the United States, tightened its 2015 adjusted earnings forecast...

  • Rockwell Automation revenue falls 4.5 pct Wednesday, 29 Jul 2015 | 7:11 AM ET

    July 29- Rockwell Automation Inc, which makes automation systems that help factories run smoothly, reported a 4.5 percent fall in quarterly revenue, hurt by a strong dollar. The company's net income rose to $206.1 million, or $1.52 per share, in the third quarter ended June 30, from $199.7 million, or $1.43 per share, a year earlier. Revenue fell to $1.58 billion from...

  • MUMBAI, July 29- Global rice prices are likely to surge by 10 percent to 20 percent in the next few months as an El Nino weather pattern grips top producers in Asia, baking the region's croplands and whittling down stocks of the grain to multi-year lows. While higher prices of a key staple would be bad news for impoverished countries in Asia and Africa, lower output...

  • *To launch 10 new India- made vehicles over next 5 years. NEW DELHI, July 29- General Motors Co will invest $1 billion in the next few years to turn operations in India into a new global export hub aimed at boosting sales in fast-growing emerging markets, top executives said on Wednesday. But by 2020 analysts expect India to become the world's third-largest passenger...

  • GM to invest $1 bln in India, double market share by 2020 Wednesday, 29 Jul 2015 | 5:05 AM ET

    NEW DELHI, July 29- General Motors Co will invest $1 billion in the next few years to turn operations in India into a new global auto manufacturing and export hub aimed at boosting sales in fast-growing emerging markets, top executives said on Wednesday. GM Chief Executive Officer Mary Barra said at a briefing in New Delhi that the investment in India was expected...

  • BANGKOK, July 26- Thai Airways International Pcl plans to cut 1,401 jobs through voluntary retirement this year and suspend its loss-making flights to Los Angeles and Rome as it pushes ahead with a restructuring plan, its president said on Sunday. Thai Airways aims to cut operating costs by up to 9 billion baht this year, Charumporn said. From Oct. 25, the carrier...