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Asia Top News and Analysis India

  • Why the RBI surprised by remaining on hold

    Faraz Syed, associate economist at Moody's Analytics, says that the Reserve Bank of India chose to keep rates steady due to sticky inflation.

  • Long queues seen at RBI on the last date to deposit banned currency notes on December 30, 2016 in New Delhi, India.

    India's central bank kept its policy rate on hold and signaled an end to its longest easing cycle since the global financial crisis.

  • *India sales up 19 pct. MUMBAI, Feb 8- Indian drugmaker Cipla Ltd's third-quarter profit beat estimates due to higher sales in the United States, and the company said it was looking for licensing deals and acquisitions to build its speciality medicines pipeline in that market. Cipla's Goa drug factory failed manufacturing standards during an FDA inspection...

  • *Repo rate left at 6.25 pct, where it's been since October. MUMBAI, Feb 8- India's central bank kept its policy rate on hold on Wednesday and unexpectedly signalled an end to its longest easing cycle since the global financial crisis, saying inflation poses a bigger threat to the economy than a crackdown on "black money." The new stance could effectively mark an end to a...

  • MUMBAI, Feb 8- India's central bank kept its policy rate on hold on Wednesday, warning about the risks of high inflation and downplaying the economic impact from a radical crackdown on "black money," a view that differs with more pessimistic private forecasts. The Reserve Bank of India also said it was changing its policy stance to "neutral" from "accommodative,"...

  • NEW DELHI, Feb 8- A group backed by the Bill& Melinda Gates Foundation that works on India's immunisation programmes will now be funded by the health ministry, a government official said, a move in part prompted by fears foreign donors could influence policy making. The decision is seen as part of India's broader clampdown on non-governmental organisations to...

  • NEW DELHI, Feb 8- A group backed by the Bill& Melinda Gates Foundation that works on India's immunization programs will now be funded by the health ministry, a government official said, a move in part prompted by fears foreign donors could influence policy making. The decision is seen as part of India's broader clampdown on non-governmental organizations to...

  • RBI Rate

    The RBI will likely cut rates by 50 basis points in total for 2017, says Indranil Sen Gupta, India chief economist at Bank of America Merrill Lynch.

  • India RBI

    The RBI will likely cut interest rates by 25 basis points because of the high levels of deposits in banks, says Ben Luk from JPMorgan Asset Management.

  • MONTREAL, Feb 7- The Canadian government on Tuesday announced C $372.5 million in repayable loans for two of Bombardier Inc's jet programs, promising to defend the deal against a potential trade challenge by Brazil. The move risks exacerbating trade wounds with rival jetmaking nation Brazil, which has already threatened to take Canada to the World Trade...

  • MONTREAL, Feb 7- Canada's federal government on Tuesday announced C $372.5 million in repayable loans for two of Bombardier Inc's jet programs, promising to defend the deal against a potential trade challenge by Brazil. The move risks reopening trade wounds with rival jetmaking nation Brazil, which has threatened to take Canada to the World Trade...

  • India Economy

    The policy environment remains positive for India stock markets to head higher, says Zal Devitre, head of investments at Citibank Singapore.

  • Feb 7- Canada's federal government on Tuesday announced C $372.5 million in repayable loans for two of Bombardier Inc's jet programs, far less than the $1 billion originally sought by the Canadian plane and train maker. Bombardier initially asked Canada to match a $1 billion injection in the CSeries program from the province of Quebec in 2016.

  • *Kia's affiliate Hyundai is No.2 automaker by sales in India. NEW DELHI/ SEOUL, Feb 7- South Korea's Kia Motors Corp is close to finalising the southern Indian state of Andhra Pradesh as the site for its first factory in the country, as it speeds up efforts to start production in the fast-growing market, a source familiar with the matter said. India, however, remains a...

  • *Kia's affiliate Hyundai is No.2 automaker by sales in India. NEW DELHI/ SEOUL, Feb 7- South Korea's Kia Motors Corp is close to finalizing the southern Indian state of Andhra Pradesh as the site for its first factory in the country, as it speeds up efforts to start production in the fast-growing market, a source familiar with the matter said. India, however, remains a...

  • Mistry ouster is no surprise: Expert

    Sanjeev Prasad at Kotak Securities talks about Cyrus Mistry's removal from the Tata board.

  • TMC workers protest against Modi's demonetization in front of Reserve Bank of India on January 11, 2017 in Kolkata, India.

    Markets will be watching for the outcome from the first monetary policy meetings of the year from India, Thailand, the Philippines and New Zealand

  • Feb 6- An earthquake of magnitude 5.6 hit the northern Indian state of Uttarakhand on Monday, according to the United States Geological Survey.

  • Feb 6- An earthquake of magnitude 5.6 hit the northern Indian state of Uttarakhand on Monday, according to the United States Geological Survey.

  • *Toyota has struggled in India where Suzuki dominates. *Suzuki could sacrifice India lead, independence- analysts. While Toyota has the financial fire power to keep up with technology, the world's second-largest automaker has long struggled to win market share in India where drivers prefer the type of affordable compact cars in which Suzuki excels.