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Asia Top News and Analysis India

  • MUMBAI, April 6- India's central bank surprised markets on Thursday by raising a secondary rate while holding the key rate steady, a move to help mop up liquidity and signal its worries about a potential spike in inflation. As widely expected, the Reserve Bank of India kept the repo rate at 6.25 percent, where it's been since October. Importantly, it also encourages...

  • *SocGen, BNP pitch France as investment source for India. MUMBAI, April 6- Societe Generale and BNP Paribas are wooing hedge funds to invest in India through France, noting a special treaty between the two countries that allows investors to avoid paying tax in one of the world's hottest emerging markets. Those people noted that investing in India via France, while...

  • *Repo rate left at 6.25 pct for 3rd meeting in a row. *Raises reverse repo rate to narrow yields in money markets. MUMBAI, April 6- The Reserve Bank of India kept its repo rate unchanged at 6.25 percent for a third consecutive policy meeting on Thursday as it continues to guard against any.

  • Social Media Site Twitter Debuts On The New York Stock Exchange

    Twitter Lite can only be accessed via a mobile web browser like Google Chrome and takes up less than 1 megabyte on your device.

  • RBI expected to pause: Economist

    Priyanka Kishore, Oxford Economics, says there is a liquidity overhang in the economy but she doesn't expect the Reserve Bank of India to change rates just yet.

  • Motorists pass by the Saigon Notre-Dame Basilica in Ho Chi Minh City, Vietnam.

    Emerging Asia continues to drive global growth but it must ramp up productivity to graduate to high-income status, the Asian Development Bank warned.

  • RBI could make a case for further easing: Economist

    The Reserve Bank of India has sufficient room to cut by up to 50 basis points, but it will likely hold fire for now, says Mizuho Bank's Vishnu Varathan.

  • CHIBA, Japan, April 5- India's liquefied natural gas demand could ease as the government has scrapped subsidies on gas sales to power companies, the chief executive of the country's biggest gas importer said on Wednesday at a gas conference in Japan. Natural gas accounts for about 6.5 percent of India's overall energy needs, far lower than the global average.

  • LONDON, April 5- Iran's oil minister dismissed India's decision to cut oil imports from Tehran in 2017/ 18 by a fifth as a threat on Wednesday, in an escalation of a dispute over a giant gas field contract. Sources familiar with the matter told Reuters last week that Indian state refiners were going to cut oil imports from Iran, as New Delhi seeks to put pressure on...

  • Resolving India's issue with NPAs

    Sanjeev Prasad, Kotak Securities, explains why he favors ICICI and State Bank of India stocks as the NPA problem is being worked through.

  • *Brent, U.S. crude at highest since March 8. NEW YORK, April 4- Oil prices rose to a near one-month high on Tuesday on expectations of lower U.S. crude inventories, while the dollar slid as investors remained cautious ahead of meeting between U.S. U.S. stocks traded little changed, following modest gains in Europe, with the energy and industrials sectors helping buoy...

  • NEW YORK, April 4- Oil prices rose on Tuesday after forecasts of lower U.S. inventories outweighed a pickup in output in Libya, and energy sector stocks helped keep Wall Street little changed. On Wall Street, indexes turned positive as Trump laid out his plans, even if investors have grown weary of his administration's ability to deliver on campaign promises after...

  • MUMBAI, April 4- Indian online retailer Snapdeal is looking to raise just over $100 million from existing shareholders including Japan's SoftBank and new investors, its chief financial officer said. The company, which last year lost its second place in India's fiercely competitive online retail market to Amazon.com Inc, aims to become profitable in two years...

  • NEW DELHI, April 4- India and Britain on Tuesday talked up their prospects of developing a new trading relationship, as their finance ministers met to prepare for the United Kingdom's exit from the European Union. "We have made the decision that we will not be part of the structure of the European Union, but we've also made very clear that we want to negotiate the...

  • NEW DELHI, April 4- India and Britain on Tuesday talked up their prospects of developing a new trading relationship, as their finance ministers met in New Delhi to prepare for the United Kingdom's exit from the European Union. British finance minister Philip Hammond flew in to New Delhi for talks with Indian counterpart Arun Jaitley, days after Prime Minister...

  • The next stage of demonetization

    Michael Fernandes, LeapFrog Investments, talks about the digital transition India is taking in the payments space.

  • An Infosys employee sports a t-shirt featuring a U.S. flag as he buys coupons for lunch while others wait for their turn at company’s headquarters in Bangalore, India.

    The worst version of the skilled immigration program would slash the time students have to find jobs and would keep a lottery system, tech workers said.

  • LONDON, April 3- Nine years after the beginning of a 45- billion-pound bailout by the British government, Royal Bank of Scotland is emerging from its restructuring process a shadow of what was once the biggest lender in the world. RBS had a balance sheet of 2.4 trillion pounds in 2008- almost double Britain's annual economic output at the time- having staged a...

  • LONDON, April 3- Nine years after the beginning of a 45- billion-pound bailout by the British government, Royal Bank of Scotland is emerging from its restructuring process a shadow of what was once the biggest lender in the world. RBS had a balance sheet of 2.4 trillion pounds in 2008- almost double Britain's annual economic output at the time- having staged a...

  • LONDON, April 3- Nine years after the beginning of a 45- billion-pound bailout by the British government, Royal Bank of Scotland is emerging from its restructuring process a shadow of what was once the biggest lender in the world. RBS had a balance sheet of 2.4 trillion pounds in 2008- almost double Britain's annual economic output at the time- having staged a...