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Asia Top News and Analysis India


  • MUMBAI, Dec 1- China's accession to the International Monetary Fund's elite has left behind India, whose cautious approach to liberalisation means the rupee is unlikely to be a viable candidate for reserve currency status for at least a decade. China has campaigned hard for inclusion in the benchmark currency basket, and the IMF's announcement on Monday that...

  • *Focus to shift to CPI target of 5 pct by March 2017. MUMBAI, Dec 1- India's central bank kept its key lending rate unchanged on Tuesday, leaving the door open for more easing but making that dependent on meeting a challenging inflation target for 2017.. But he said the focus of monetary policy would shift towards achieving consumer inflation of 5 percent by March...

  • CAPE TOWN- South African Reserve Bank Deputy Governor Francois Groepe speaks at Cape Town monetary policy forum- 1530 GMT. WASHINGTON- China's Vice Finance Minister Zhu Guangyou speaks at the Peterson Institute- 2100 GMT. BUDAPEST- Hungarian National Bank holds non-rate-setting meeting.

  • *India cbank to keep repo rate at 6.75 pct on Tues- poll. MUMBAI, Dec 1- India's central bank is likely to keep its policy rate unchanged on Tuesday, following a big cut two months ago, and to sound cautious about the scope for more easing as it aims to meet its 2017 inflation target and braces for a U.S. rate hike. Although India will comfortably meet its target of keeping...

  • Mumbai property market stalls Monday, 30 Nov 2015 | 10:00 AM ET
    Mumbai property market stalls

    Buyers are priced-out of the Indian city's real estate market.

  • *India's July-Sept economic growth accelerates to 7.4 pct y/y. NEW DELHI, Nov 30- India's economic growth picked up in July-September, outpacing China on improving domestic demand and manufacturing activity, and the acceleration could persuade the country's central bank to keep interest rates unchanged at its Tuesday meeting. Stronger growth would be a...

  • SINGAPORE, Nov 30- India is set to discuss changes to a scheme to unlock the country's massive stash of gold at a high-level meeting on Tuesday, after a muted response to the programme in the first month of its launch, according to banking sources. Prime Minister Narendra Modi launched the scheme on Nov. 5 to lure an estimated 20,000 tonnes of gold hoarded in...

  • NXP Semiconductor names Freescale exec as new CFO Monday, 30 Nov 2015 | 3:56 AM ET

    Nov 30- NXP Semiconductors NV said on Monday that Dan Durn, financial chief of Freescale Semiconductor Ltd, will be its new chief financial officer. NXP's current CFO Peter Kelly will now move on to focus on strategy and M&A as well as oversee the integration with Freescale, before his retirement in 2017.. NXP earlier this year agreed to buy smaller peer Freescale...

  • BEIJING/ NEW DELHI, Nov 30- The capitals of the world's two most populous nations, China and India, were blanketed in hazardous, choking smog on Monday as climate change talks began in Paris, where leaders of both countries are leading participants. China's capital Beijing maintained an "orange" pollution alert, the second-highest level, on Monday, closing highways,...

  • An employee serves customers inside a branch of Gramin Bank of Aryavat (GBA), sponsored by Bank of India, in the village of Khurana, Uttar Pradesh, India, on Monday, April 13, 2015.

    Growth in Asia's third-largest economy likely picked up pace during the July-September period but don't cheer just yet, economists warn.

  • Aussie cricket star launches India property business Sunday, 29 Nov 2015 | 5:36 PM ET
    Former Australian cricket captain Steve Waugh visits the Steve Waugh Foundation's Flagship project at Udayan to new extension to girls Building on August 6, 2013 in Kolkata, India. Udayan, is a rehabilitation home for children suffering from leprosy in colonies near Barrackpore.

    There is little cheer for property investors in India but one person has gone against the tide. Just who it is may be a surprise.

  • What happens when a property market is just too hot? Sunday, 29 Nov 2015 | 5:33 PM ET
    A view of the seaside mansion which was used as the U.S. consulate from 1957, and later renamed Lincoln House, is seen in Mumbai, India, September 14, 2015. Vaccine billionaire Cyrus Poonawalla has bought the former maharaja's mansion in Mumbai from the U.S. government for around 7.5 billion rupees ($113 million), newspapers reported, making it the most expensive ever residential purchase in the country.

    Apart from rare stratospheric deals, Mumbai's property market is ailing, as it pays the price of having too big a boom.

  • *Would outpace China, but other data less healthy. NEW DELHI, Nov 30- India's economic growth likely picked up in the July-September quarter, outpacing China on improving domestic demand and manufacturing activity that could persuade the Reserve Bank of India to keep interest rates unchanged on Tuesday. Stronger growth would be a boost for Prime Minister...

  • *Modi hosts Congress leaders Friday evening. *Congress demands rate of below 20 percent. NEW DELHI, Nov 27- Indian Prime Minister Narendra Modi hosted opposition Congress party leader Sonia Gandhi for talks on Friday to try and break a deadlock over launching a new indirect tax, in a bid to put his economic recovery agenda back on track.

  • India's potential in m-commerce Friday, 27 Nov 2015 | 6:00 AM ET
    India's potential in m-commerce

    E-commerce companies are racing to embrace mobile platforms in India.

  • RAMPUR, India, Nov 27- Pleas by local Indian officials for farmers to switch from rice to oilseeds and pulses and protect dangerously low water levels are falling on deaf ears, and may be further undermined by government policies encouraging cultivation of thirsty crops. "It is unlikely that India will have another drought next year; three years in a row has never...

  • *Modi to host Congress leaders Friday evening. *Congress demands rate of below 20 percent. NEW DELHI, Nov 27- Indian Prime Minister Narendra Modi invited opposition Congress party leader Sonia Gandhi for talks on Friday to break a deadlock over the introduction of a new indirect tax in a bid to put his economic recovery agenda back on track.

  • How tech will transform India's banks Friday, 27 Nov 2015 | 2:20 AM ET
    How tech will transform India's banks

    Chanda Kochhar, CEO of ICICI Bank, talks about how technology such as mobile payments and internet banking is disrupting India's banking system.

  • India's digital payment revolution Friday, 27 Nov 2015 | 1:40 AM ET
    India's digital payment revolution

    CNBC's Martin Soong reports from India on the growing trend of using smartphones and mobile wallets to make payments.

  • Are India's tax reform roadblocks about to clear? Friday, 27 Nov 2015 | 12:59 AM ET
    Indian Prime Minister Narendra Modi.

    The meeting between the two rivals would be the first since Modi's nationalist party won a landslide general election victory 18 months ago.