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Germany seeks to sell Eurofighters to India, back submarine programme

May 27, 2015 at 19:47 | Source: FirstPost

New Delhi: Germany's defence minister held out the prospect of more talks on a possible sale of Eurofighter jets to India and, on a visit to New Delhi, said on Wednesday Berlin stood ready to back a multi-billion-dollar Indian submarine project.Prime...

Supreme Court bars Glenmark from selling Merck drug copies| Reuters

May 16, 2015 at 00:45 | Source: FirstPost

MUMBAI The Supreme Court of India has barred Glenmark Pharmaceuticals (GLEN.NS) from making and selling copies of U.S. drugmaker Merck's (MRK.N) diabetes drugs Januvia and Janumet, according to a court document released on Friday.The court has, howev...

Vedanta Resources takes $4.5 billion writedown as oil drags | Reuters

May 15, 2015 at 03:15 | Source: FirstPost

Vedanta Resources Plc (VED.L) posted a full-year loss after a sharp drop in crude prices precipitated a $4.5 billion writedown related to its Indian oil and gas business.The company's London-listed shares fell as much as 4 percent early on Thursday b...

Gold demand in Asia hit by weak local currencies; Indian prices at discount| Reuters

May 09, 2015 at 02:15 | Source: FirstPost

SINGAPORE/MUMBAI Gold buying across Asia was sluggish this week despite prices holding below $1,200 an ounce, as consumers waited for more clarity on market direction, with demand also hit by weak local currencies.Bullion prices in some of the top As...

Pound jumps after Britain's Conservatives lead election

May 08, 2015 at 12:17 | Source: FirstPost

The British pound jumped on Friday after exit polls showed Prime Minister David Cameron's Conservatives headed for victory, while the dollar won support on hopes for a solid US jobs report later in the day.In Tokyo afternoon trade, sterling fetched $...

Sensex crashes 723 points to 2015 low: Here's 3 reasons why investors are disenchanted with Modi govt

May 07, 2015 at 07:40 | Source: FirstPost

The Indian equity markets are nosediving. The Sensex, which has been on a roll ever since the BJP declared Narendra Modi as its prime minister candidate in September 2013, is clearly losing its fizz. The benchmark index has fallen 8 percent over the ...

Sensex crashes to 2015 low: 3 reasons why investors are disenchanted with Modi govt

May 07, 2015 at 07:40 | Source: FirstPost

The Indian equity markets are nosediving. The Sensex, which has been on a roll ever since the BJP declared Narendra Modi as its prime minister candidate in September 2013, is clearly losing its fizz. The benchmark index has fallen 8 percent over the ...

Honda's India unit to invest $280 mln to boost two-wheeler production | Reuters

May 06, 2015 at 23:30 | Source: FirstPost

NEW DELHI (Reuters) - The Indian arm of Japanese automaker Honda Motor Co plans to invest 17.75 billion rupees ($280 million) this financial year to bolster its two-wheeler operations, a top company official said on Wednesday.Honda Motorcycle & S...

Sensex crashes 723 points to 2015 low: Why investors are disenchanted with Modi govt

May 06, 2015 at 18:34 | Source: FirstPost

The Indian equity markets are nosediving. The Sensex, which has been on a roll ever since the BJP declared Narendra Modi as its prime minister candidate in September 2013, is clearly losing its fizz. The benchmark index has fallen 8 percent over the ...

Sensex crashes 723 points: Why investors are disenchanted with Modi govt

May 06, 2015 at 15:48 | Source: FirstPost

The Indian equity markets are nosediving. The Sensex, which has been on a roll ever since the BJP declared Narendra Modi as its prime minister candidate in September 2013, is clearly losing its fizz. The benchmark index has fallen 8 percent over the ...

Jaya slams petrol price hike, demands revision of price fixation policy

May 01, 2015 at 14:41 | Source: FirstPost

Chennai: Slamming the recent hike in prices of petrol and diesel, AIADMK General Secretary J Jayalalithaa on Friday demanded revision of the price fixation policy for petroleum products."The increase in prices of petrol and diesel effected by Oi...

Wipro promotes Premji heir apparent to board| Reuters

Apr 21, 2015 at 23:45 | Source: FirstPost

BENGALURU (Reuters) - Wipro Ltd, India's third-biggest software services exporter, has appointed the son of billionaire founder Azim Premji to its board, in a long awaited promotion that moves the chairman's heir apparent closer to the top spot.Risha...

Reuters poll - Asia FX sentiment improves further, bearish Sing dlr bets lowest in six months| Reuters

Apr 17, 2015 at 00:49 | Source: FirstPost

SINGAPORE (Reuters) - Sentiment towards emerging Asian currencies has improved further over the past two weeks with the Singapore dollar's short positions at the lowest in nearly six months, a Reuters poll showed, supported by expectations of a delay...

Iran Nuclear deal, Yemen evacuation will allow India to project power in region

Apr 10, 2015 at 13:30 | Source: FirstPost

The apparent rapprochement between the US and Iran is historic. After the 1979 overthrow of the Shah, this is the first time Iran has reached a semblance of normalcy and that is something positive: Iran is too large a power, and has too great a sense...

PM's three-nation tour: Modi aims to shop for nuclear power in France and Canada

Apr 10, 2015 at 13:20 | Source: FirstPost

New Delhi: Prime Minister Narendra Modi aims to advance the purchase of massive nuclear reactors and fuel from France and Canada to power a resurgent economy, overriding domestic opposition and concerns over liability laws as he embarks on a foreign ...

Iran N-deal, Yemen evacuation will allow India to project power in region

Apr 10, 2015 at 12:53 | Source: FirstPost

The apparent rapprochement between the US and Iran is historic. After the 1979 overthrow of the Shah, this is the first time Iran has reached a semblance of normalcy and that is something positive: Iran is too large a power, and has too great a sense...

The Western Deep State's assault on India - and what to do about it

Apr 01, 2015 at 14:00 | Source: FirstPost

This piece is a continuation of an earlier piece on the deep western state and Indias possible inclusion in a new American, or more generally, western-sponsored axis of evil. Events have overtaken us since the first piece was written, and India has m...

India's top three mobile phone operators spend $13.6 billion in airwaves auction

Mar 27, 2015 at 02:30 | Source: FirstPost

MUMBAI/NEW DELHI (Reuters) - India's top three mobile phone network operators have spent a combined $13.6 billion in a government auction of airwaves to secure almost 80 percent of the spectrum on offer, reinforcing their positions in the world's sec...

Markets collapse on geopolitical worries, Sensex tanks 654 points

Mar 26, 2015 at 19:31 | Source: FirstPost

Mumbai: Rising geopolitical tension in the Middle East spooked domestic markets today with benchmark Sensex plummeting 654 points, its biggest daily fall in nearly three months, to close at 27,457.58.Across-the-board selling on the last day of monthl...

Thank Chidu, Rajan? India now better prepared for external shocks, says IMF's Lagarde

Mar 16, 2015 at 09:53 | Source: FirstPost

India is better positioned to cope with external financial shocks than most emerging market economies, International Monetary Fund head Christine Lagarde was quoted saying on Monday, just ahead of a of a crunch meeting of the US Federal Reserve.The F...

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