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  • Shonali Datta, getting her hair cut by an international hairstylist at Juice Hair Salon in Mumbai, Maharashtra, India.

    Many urban, upper middle class Indians have not cut back on spending despite a slowing economy and rising prices.

  • India, Mumbai, Gateway of India, view across harbor

    Indian corporates already under stress from a slowing economy cannot afford a credit ratings cut, which would raise their borrowing costs, further hurting profitability, Chanda Kochhar, CEO of the country’s second-largest lender ICICI Bank told CNBC.

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    Tackling high inflation remains the top priority for India’s central bank and it is the government’s responsibility to do more to spur growth in the weakening economy, Subir Gokarn, the Deputy Governor of the Reserve Bank of India (RBI) tells CNBC.

  • On July 1,  published an  called “Financial Giants Are Moving Jobs Off Wall Street.” It detailed an emerging trend in which major Wall Street companies are taking swaths of on-site mid-level jobs and relocating them to less expensive locations in the U.S. This phenomenon is known as “near-shoring.”It’s easy to understand the rationale. The terrorist attacks of Sept. 11, 2001, the financial crisis of 2008 and the Dodd–Frank Act of 2010 had a cumulative effect on many of these companies’ bottom li

    Which locations have Wall Street companies chosen for their mid-level operations? Read ahead to find out.

  • India's Potential and Pitfalls

    Vishnu Varathan, Market Economist, Mizuho Corporate Bank and Rahul Bajoria, Regional Economist, Barclays discuss the challenges facing India as its economy expands at its slowest pace in almost a decade.

  • This shows the logo outside the Standard Chartered bank in the Central district of Hong Kong, 22 September 2003.

    The weak Indian rupee has impacted earning s at Standard Chartered Bank and India needs to exercise some “fiscal control” with regards to the currency, Jaspal Bindra, CEO Asia for Standard Chartered, said on Thursday.

  • Civilian visitors sit on top of a T-72 tank during an Indian Army weaponry exhibition in Kolkata, India.

    India has replaced China as the world’s largest arms buyer, accounting for 10 percent of all arms purchases during the past five years, the New York Times reports.

  • An Indian diner waits for his meal in candle light at a hotel during a power cut in Siliguri on July 31, 2012. A massive power failure hit India for the second day running as three regional power grids collapsed, blacking out more than half the country in a crisis affecting over 600 million people.

    First it was corruption of staggering proportions, then an ill-conceived tax to claw back capital gains from foreign companies; that was followed by slowing growth and a swooning rupee. Now a power blackout in India has left 700 million people without electricity.

  • Indian children fish underneath monsoon clouds on the outskirts of Siliguri

    With a drier-than-hoped monsoon season, power outages threatening to cripple large parts of the economy, high interest rates and inflation, India’s growth story has faltered this year.

  • Indian children fish underneath monsoon clouds on the outskirts of Siliguri

    A weak monsoon this year, which is threatening India’s already slowing economic growth while fueling inflation, could put the central bank in a quandary ahead of its policy review meeting on Tuesday, experts tell CNBC.

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    Zena Hao, a 24-year-old publicist, avid follower of fashion trends and proud owner of four Prada handbags, has a new passion: fashion magazines.

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    For his starring role in the recent action movie “Ishaqzaade,” the young actor Arjun Kapoor did the prep work expected of an aspiring leading man in Bollywood. He took acting classes. He worked on his dancing. And he spent months transforming his flabby stomach into a gym-hardened washboard of six-pack abs. The NYT reports.

  • A nurse carries a baby born exactly when the national census commission's population clock clicked over one billion at 12:32 pm (0702 GMT) to place it among other babies, all born 11 May 2000 in a city hospital in Calcutta. India saw the birth of its billionth citizen, chosen from a hospital in New Delhi, amid growing poverty and homelessness.

    Even as the proverbial battle of supremacy between emerging economic giants China and India continues to polarize views, it seems the South Asian nation may have an edge when it comes to demography.

  • Airplane on runway

    There's growing worry about a global pilot shortage among industry experts. Asia already is experiencing a shortage. Learn why.

  • India's Prime Minister Manmohan Singh

    India’s Prime Minister Manmohan Singh, credited with turning around the economy in the 1990s, is once again fully in charge of economic policy and experts say there is growing urgency to deal with the deteriorating economy.

  • Brigade Road in Bangalore, Karnataka.

    Most Asian economies from Indonesia to India will deteriorate in the second half of the year because demand from both domestic and foreign buyers will weaken, according to Nomura. The exception is China, where monetary easing and fiscal policies are already starting to take effect and will help its economy rebound in the third quarter.

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    A falling rupee, that has depreciated about 25 percent over the past one year, coupled with red hot inflation at home and skyrocketing airfares is making foreign travel unaffordable for many Indians.

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    Despite the gloom about India’s economy, the country’s stock market is up 12.5 percent this year making it the best performer among the BRIC nations. But technical analyst and trader Daryl Guppy says the rally may not last.

  • Heavy morning traffic, Thamrin Street, Jakarta, Indonesia

    Indonesians are confident that  the economy is capable of withstanding the stress in global, but risks remain.

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    Many emerging market countries will be home to an exploding population with a growing working-age populace over the next several decades, which will lead to attractive investment opportunities.