India PM warns China wants foothold in South Asia
China is seeking to expand its influence in South Asia at India’s expense, Indian Prime Minister Manmohan Singh warned in rare public criticism of his country’s main rival for regional resources and geopolitical clout.
India’s Sensex Index Declines First Time This Week as Investors Shun Risk
India s benchmark stock index fell for the first time this week as investors withdrew from riskier assets ahead of a survey that may show a recovery in the U.S. economy may stall, crimping demand in emerging markets.
India cbank: freeing savings bank rate on radar
MUMBAI, Sept 8 (Reuters) – Indian central bank deputy governor Usha Thorat said on Wednesday deregulation of savings bank deposit rate was on the bank’s radar.
Mumbai Court to Deliver Judgment on Vodafone’s India Tax Dispute Today
The Bombay High Court will rule today on Vodafone Group Plc s dispute with Indian authorities over taxes stemming from the purchase of Hutchison Whampoa Ltd. s mobile-phone operations in the country. The judgment may set a precedent for tax liability in other cross-border deals.
India’s outsourcers wary of China
( FT ) — When Tata Consultancy Services, India’s largest outsourcing services group, said last month that it was doubling its headcount in China, it was a clear signal that the Indian sector is keeping a wary eye on a market that could one day evolve into a competitor.
India call money stays near reverse repo; cash ample
MUMBAI, Sept 8 (Reuters) – Indian overnight cash rates stayed near the central bank’s main borrowing rate of 4.5 percent on Wednesday as most banks had already covered their reserve needs with just two days to go for the end of reporting cycle.
India criticizes Beijing agenda in South Asia
China is seeking to expand its influence in South Asia at India’s expense, Indian Prime Minister Manmohan Singh warned in a rare public criticism of his country’s rival for regional resources and geopolitical clout.
Indian rupee extends rise tracking dlr; shares eyed
MUMBAI, Sept 8 (Reuters) – The Indian rupee extended its gains in the afternoon session on Wednesday, tracking the dollar’s weakness versus major currencies while local shares also pared losses, further aiding the local unit.
