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  • Iranian workers walk at a unit of South Pars Gas field in Asalouyeh Seaport, north of Persian Gulf, Iran November 19, 2015.

    Iran wants to recover tens of billions of dollars it is owed by India and other buyers of its oil in euros.

  • *Iran billing new oil contracts in euros- NIOC source. NEW DELHI, Feb 5- Iran wants to recover tens of billions of dollars it is owed by India and other buyers of its oil in euros and is billing new crude sales in euros, too, looking to reduce its dependence on the U.S. dollar following last month's sanctions relief. A source at state-owned National Iranian Oil Co told...

  • *India needs to raise productivity, he adds. NEW DELHI, Feb 5- India needs more data before deciding whether to permit commercial growing of its first genetically modified food crop, its environment minister said on Friday, but indicated it would not stand "in the way of science" despite protests. India spends billions of dollars every year importing edible oils and...

  • LONDON, Feb 5- Ukraine's restructured Eurobonds extended losses on Friday as fears grew over the fate of the ruling coalition and its IMF bailout, though a reduction in U.S. rate rise bets continued to support other emerging assets. MSCI's emerging equity index rose 0.4 percent after shares in Hong Kong and Mumbai rose around half a percent.

  • *India Oct-Dec GDP seen at 7.3 pct, faster than China. *Ambit Capital estimates growth at only 5-6 pct. It's a good deal weaker than official data showing India to be the world's most dynamic big economy.

  • NEW YORK, Feb 4- Colm Kelleher is a stickler for discipline, even when it comes to the office dress code. Kelleher's role as enforcer-in-chief at Morgan Stanley was solidified last month when the Wall Street firm's Chief Executive James Gorman named him president, the No. 2 spot. Ahead of his promotion he culled one-in-four jobs on its bond trading desk and he is...

  • NEW DELHI/ MANILA, Feb 3- State-run Indian company KIOCL is considering building an iron ore pellet complex in Iran at a cost of about $59 million and is in talks to sell more than 2 million tonnes of the steelmaking raw material to the Gulf country now free from trade sanctions. Companies such as KIOCL and aluminium maker NALCO, which is considering setting up a $2...

  • *Suzuki to launch 15 of 20 global models in India by 2020. *Maruti Suzuki to reduce number of platforms in India by 2020. NEW DELHI, Feb 2- Suzuki Motor Corp's position in India and other markets is under serious threat from Toyota's buyout of rival Daihatsu, Suzuki's president said on Tuesday.

  • NEW DELHI— The Zika virus has hit India's Tata Motors, which has decided to rebrand a soon-to-be launched hatchback vehicle which was to have been called Zica, an abbreviation of "Zippy Car." Tata Motors said in a statement Tuesday that the car would carry the Zica nameplate during the exhibition, but a new name will be announced in a few weeks. Its more than 100...

  • If the rule does fail, gold inflows will continue unabated in India, flying in the face of Prime Minister Narendra Modi's efforts to curb costly imports and stop the metal from being used to hide billions of dollars of undeclared "black money". India made it mandatory for customers to disclose their tax code, or Permanent Account Number, for purchases above 200,000...

  • RBI has room for further easing: Pro Tuesday, 2 Feb 2016 | 12:21 AM ET
    RBI has room for further easing: Pro

    Rana Gupta, managing director for Indian equities at Manulife Asset Management says prudent policies have led to macro stability in India.

  • Manulife AM: How to play India's consumers Monday, 1 Feb 2016 | 11:10 PM ET
    A saleswoman shows gold jewelry in Mumbai, India, in July.

    Picking the right plays on India's massive emerging consumer class are key to returns, said Rana Gupta, managing director at Manulife Asset Management.

  • Will the Reserve Bank of India move rates? Monday, 1 Feb 2016 | 5:47 PM ET
    RBI Rate decision

    India's central bank has bought itself time to wait and assess the economy before moving says Vishnu Varathan, senior economist at Mizuho Bank.

  • FACTBOX-India switching to large-scale food imports Monday, 1 Feb 2016 | 5:00 PM ET

    As a result, India has resumed importing corn after a gap of 16 years. India exported 2.8 million tonnes in the fiscal year to March 2015 and now New Delhi is likely to import 2 million tonnes of corn in 2015/ 16 and again in 2016/ 17.. After exporting 4.5 million tonnes of oilmeals to countries such as Iran, Japan, Korea and Taiwan in 2014/ 15, traders have clinched deals...

  • ZURICH, Feb 1- India's Sun Pharma launched a generic version of Novartis's leukaemia drug Gleevec on Monday in the United States and hopes to poach a third of sales in six months by pricing the copycat some 30 percent cheaper, its Sun's North American chief executive said. Gleevec, or imatinib mesylate, costs up to about $90,000 annually in the United States,...

  • *Squeezing business could undermine "Make in India" push. NEW DELHI, Feb 1- India's finance minister wants to present a credible budget this month with realistic targets for tax revenues and asset sales, people involved in the process say, but businesses may end up picking up much of the tab. Arun Jaitley is staring at a big revenue shortfall as India again misses an...

  • MUMBAI, Jan 31- India's embattled Sahara conglomerate has been funnelling cash from small savers to fund one of its biggest projects, a luxury resort south of Mumbai, according to documents Reuters reviewed. Sahara has ploughed at least 15 billion Indian rupees from two of its credit cooperatives into the Aamby Valley resort project through investments in...

  • Business events scheduled for the coming month Friday, 29 Jan 2016 | 2:03 PM ET

    WASHINGTON— Commerce Department releases personal income and spending for December, 8:30 a.m.; Institute for Supply Management releases its manufacturing index for January, 10 a.m.; Commerce Department releases construction spending for December, 10 a.m.. BERLIN— Germany's Federal Labor Agency releases January unemployment figures for Europe's biggest...

  • Business events scheduled for the coming week Friday, 29 Jan 2016 | 1:22 PM ET

    WASHINGTON— Commerce Department releases personal income and spending for December, 8:30 a.m.; Institute for Supply Management releases its manufacturing index for January, 10 a.m.; Commerce Department releases construction spending for December, 10 a.m.. BERLIN— Germany's Federal Labor Agency releases January unemployment figures for Europe's biggest...

  • *Iran loadings at 1.44 mln bpd in Feb, 1.5 mln bpd in Jan. TOKYO, Jan 29- Iran's oil exports are on set to rise more than a fifth in January and February from last year's daily average, data from a source with knowledge of its loading schedules shows, revealing how Tehran is ramping up sales after the lifting of sanctions. The market is closely watching the pace of Iran's...