Business

Business

Falling crude prices helps India control fiscal deficit

THE finance ministry is increasingly optimistic that it can meet a tough fiscal deficit target, helped by a 12 per cent decline in global...

New Delhi ‘approves BP-Reliance deal’

MINISTERS in India yesterday approved a $7.2bn (£4.43bn) deal between Reliance Industries Limited and Britain’s BP, the Economic Times newspaper reported on its website. ...

Reliance sells diesel to Indian Railways, first time in a decade

RELIANCE Industries Ltd, controlled by India's richest man, has started selling diesel to the state railways for the first time since 2005/06 after pricing...

India’s minister for food processing invites UK investments

UK companies should invest in India's food sector which is booming with increasing income and changing consumer preferences, Minister for food processing Harsimrat Kaur Badal said on...

India bans toy imports from China, gives no reason

INDIA banned yesterday imports of several types of toys from China for six months without saying why, a move that pleased local manufacturers but...

Middle East funds eye stakes in Reliance Retail: report

Middle East sovereign wealth funds, including the Abu Dhabi Investment Authority (ADIA) and Saudi Arabia's Public Investment Fund (PIF), are in talks to buy...

Chinese imports to India likely to continue till feasible alternatives emerge

Imports from China are expected to continue for the time being till other feasible and cost effective alternatives emerge, according to players in Indian...

TCS to appeal $940 million US court damages

INDIA'S biggest IT outsourcing firm Tata Consultancy Services (TCS) says it will challenge $940 million in damages imposed by a US court in an...

Infosys names banker as new chairman

INFOSYS on Saturday (April 30) named a prominent banker to take charge of India’s second-largest software exporter as the firm struggles to boost performance...

Maldives cancels biggest foreign investment project

MALDIVES has cancelled its biggest foreign investment project, a $511m (£318.68m) deal with Indian firm GMR Group to develop its international airport, raising questions...