Rain on India's parade, but Obama visit keeps spirits high
Published on Monday, January 26, 2015 5:41 AM
By Sanjeev Miglani ...
NEW DELHI - Rain threatened to dampen the excitement around U.S. President Barack Obama's landmark visit to India as thousands of troops prepared on Monday for a dazzling military parade where he will be the chief guest.
The first U.S. president to attend the annu
Indian markets closed on Monday for public holiday
Published on Monday, January 26, 2015 5:33 AM
Indian stock, debt and currency markets are closed on Monday for a public holiday. Trading will resume on Tuesday. ...
The BSE Sensex rose 0.94 percent to close at 29,278.84 on Friday, after marking a record high of 29,408.73. The broader Nifty closed up 0.85 percent at 8,835.60 after hitting an all-time high of 8,866.40 earlier
India turns to corner shops, mobile phones for banking revolution
Published on Monday, January 26, 2015 5:23 AM
By Douglas Busvine and Devidutta Tripathy ...
NEW DELHI/MUMBAI - India is betting that mobile phone vendors, fuel stations and corner stores can help it put basic banking within the grasp of hundreds of millions of its poor people living beyond the reach of traditional bank branches.
The clock is
Obama backs India's solar goals, seeks support for climate talks
Published on Monday, January 26, 2015 4:12 AM
By Krishna N. Das ...
NEW DELHI - U.S. President Barack Obama on Sunday offered to help finance India's ambitious solar energy target and sought Prime Minister Narendra Modi's support at global climate talks in Paris later this year.
India is the world's third-largest greenhouse gas e
Factbox - Obama and Modi unveil India nuclear trade breakthrough
Published on Monday, January 26, 2015 4:05 AM
U.S. President Barack Obama and Prime Minister Narendra Modi unveiled a deal aimed at unlocking billions of dollars in nuclear trade and deepening defence ties, steps both sides hope will help establish an enduring strategic partnership.
Following are some key agreements and points of discussion during Obama's visit:
Obama reveals nuclear breakthrough on landmark India trip
Published on Monday, January 26, 2015 3:57 AM
By Roberta Rampton and Sanjeev Miglani
NEW DELHI - In a glow of bonhomie, U.S. President Barack Obama and Indian Prime Minister Narendra Modi unveiled plans to unlock billions of dollars in nuclear trade and to deepen defence ties, steps they hope will establish an enduring strategic partnership.
U.S.-China climate deal does not put pressure on India, says Modi
Published on Monday, January 26, 2015 3:44 AM
NEW DELHI - Prime Minister Narendra Modi said a climate deal between the United States and China does not put pressure on India, but that global warming itself was reason to take action. ...
India, the world's third largest carbon emitter, is reluctant to follow the United States and China in committing to a
RBI relaxes overseas loan recast rules
Published on Saturday, January 24, 2015 11:41 AM
MUMBAI - The Reserve Bank of India (RBI) relaxed rules for companies and banks to restructure and reschedule existing overseas borrowings by permitting an increase in the total cost of borrowing offshore. ...
Indian firms have found it difficult to restructure existing borrowings after facing a sharp slowdown in
India FX reserves at record high as RBI fortifies defences
Published on Saturday, January 24, 2015 11:40 AM
By Suvashree Choudhury ...
MUMBAI - India's foreign exchange reserves rose $2.7 billion last week to reach a record high as the Reserve Bank of India continued to buy U.S. dollars in a bid to shore up its defences against any potential volatility in global currency markets.