11:53 pm - Friday May 18, 2012

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India cuts rates in effort to boost growth

India’s central bank cut key lending rates for the first time in three years on Tuesday in an aggressive effort to stimulate growth and boost investment at a time when the gloss is rapidly coming off Asia’s third-largest economy.

India export-ban confusion sinks cotton

On March 5, India announced that it was banning all cotton exports on concerns that lower domestic stocks would raise local prices. “The limit-up rally last Monday was a knee-jerk reaction by speculators who were short cotton futures on the...

Indian rupee hits record low against dollar

India’s currency, the rupee, has hit an all-time low against the US dollar – sparking fears that the country could soon face a financial crisis. The rupee dropped 35 paise to 53.29 against the US dollar in early trade on Tuesday after...

India poised to throw open store doors

The well-stocked, brightly lit supermarket found in capital cities the world over is nowhere to be seen in New Delhi, Mumbai or Chennai. Beijing, Bangkok, Dubai and Lahore have them: Indian metropolises do not.

Australia, at last, may sell uranium to India

Australia has given indications of reversing the ban on selling uranium to India in return for greater strategic proximity between the two countries. Australian Prime Minister Julia Gillard, after pushing for India’s case in a newspaper...

Infosys planning to enter 3G market

Infosys is pride of India. And i think it is a good decision by them to offer back end software to 3G mobile operators.