RBI warns on inflation ahead of rate review
MUMBAI - The Reserve Bank of India (RBI) said the growth outlook and business climate have weakened but warned of upward risks to inflation, a day before it is widely expected to keep interest rates on hold.
Recent Business News
Oil up on EU deal to ban Iran crude, weaker dollar
NEW YORK - Oil prices rose on Monday after the European Union agreed to ban imports of Iranian crude from July, Tehran threatened again to close the Strait of Hormuz shipping channel, and on additional support from the weak dollar.
India drawn to Iran's favourable oil terms - Reddy
NEW DELHI - India wants to take as much Iranian oil as it can because terms are "favourable", Oil Minister S. Jaipal Reddy said on Monday, after talks between the two sides last week on payment options for $12 billion of crude a year following fresh U.S. sanctions.
Dirt cheap natgas prices force drillers to turn down taps
REUTERS - Energy companies that have watched U.S. natural gas prices sink to 10-year lows are cutting production and slowing drilling, but it may not be enough to stem a price collapse that has squeezed their profits for months.
Chrysler mulling a compact hatchback - report
REUTERS - Chrysler Group LLC, the U.S. automaker controlled by Italy's Fiat SpA, could build a compact hatchback that Chief Executive Sergio Marchionne calls the "Chrysler 100," the CEO told the Detroit Free Press.
Regulator says RIL's D6 output could fall further
NEW DELHI - Gas output from Reliance Industries-operated D6 block could fall below the current 38-39 million cubic metres a day (mmscmd), under half of the estimated peak rate of 80 mmscmd, the upstream regulator said on Monday.
Maruti Suzuki Q3 profit slumps 64 pct
India's biggest carmaker reported a bigger-than-expected 63.6 percent fall in quarterly net profit as high interest rates and rising fuel costs hit demand for cars in Asia's third-largest economy. Full Article | Full Coverage
Reuters Showcase
Vodafone Tax Case
Vodafone ruling will boost foreign investor confidence, say Vishal Shah and Smit Sheth of PwC. Full Article
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