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A Walmart-Bharti store

India close Walmart lobby case for lack of evidence

INDIA’S investigation into whether Walmart may have bribed Indian officials to gain wider access to the country’s vast market has been “closed” due to lack of evidence, a report said on Saturday (May 18).   The one-man committee of retired justice Mukul Mudgal

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17/05/2013
A construction worker is setting iron rods for a new building in  Mumbai site

S&P affirms negative rating outlook for India

STANDARD & Poor’s reiterated its negative outlook on India’s credit rating, which is one notch above “junk&rdq ...

16/05/2013
Swedish shopping giant IKEA\'s shop in France

IKEA ready to wait years for right Indian store location

THE India chief of Swedish giant Ikea said in a newspaper interview published on Thursday (May 15) that the chain is willing to wait ...

16/05/2013
Reserve Bank of India, Mumbai

India plans inflation-linked bonds to end gold love affair

INDIA’S central bank announced on Wednesday (May 15) it would launch inflation-linked bonds to try to break the country’ ...

11/05/2013
Philip Clarke, chief executive of Tesco

Tesco ‘reassured’ on India retail sector

THE boss of British supermarket Tesco held talks with officials in New Delhi on Friday (May 10) about India’s new foreign inve ...

10/05/2013
Ford cars are assembled at a facility in Chengalpattu near Chennai

Indian car sales on longest ever declining streak

CAR sales in India slid by over 10 per cent in April, industry data showed on Friday (May 10), marking the longest ever stretch of m ...

10/05/2013
Nokia chief executive Stephen Elop releases Asha 501 in New Delhi and speaks to reporters

Nokia debuts $99 smartphone in India

STRUGGLING Finnish mobile giant Nokia unveiled on Thursday (May 9) a $99 (£64.23)-touchscreen smartphone as it battles to gain ...

10/05/2013
A Jet Airways flight

India’s Jet set to order over 100 planes, says consultancy

INDIAN carrier Jet Airways is expected to place orders for more than 100 planes from Boeing and Airbus at the Paris Airshow in June, ...

09/05/2013
A BMW car on display in a showroom

India probes BMW over tax evasion

INDIAN authorities are probing whether the local arm of German automaker BMW AG may owe an extra $120m (£77.02m) in taxes on a ...

08/05/2013
A State Bank of India branch

Indian banks suspend staff in money laundering probe

LEADING Indian banks have suspended staff on government orders after a media sting operation revealed suspected money laundering at ...

08/05/2013
The smelter in the coastal town of Tuticorin near the southern tip of India has long been the target of protesters

Sterlite may stay shut until May 14

INDIA’S biggest copper smelter will stay shut until at least May 14 when a court will review an environmental case again, prol ...