A woman winnows wheat crop at a wholesale grain market on the outskirts of Ahmedabad May 7, 2013. NEW DELHI | Mon May 13, 2013 6:48pm IST NEW DELHI (Reuters) – The government’s plan to give millions more people cheap food will cost more than its forecast of 1.3 trillion rupees a year and will [...]

1 of 2. Keys hang from the door of a Maruti Suzuki Swift car at its stockyard on the outskirts of Ahmedabad April 26, 2013. MUMBAI/NEW DELHI | Fri Apr 26, 2013 5:53pm IST MUMBAI/NEW DELHI (Reuters) – Maruti Suzuki’s(MRTI.NS) profit margins are set to show even stronger gains in the current quarter as India’s [...]

A man rides his motorcycle past a Shell fuel station on the outskirts of Ahmedabad February 6, 2013. REUTERS – Royal Dutch Shell Plc’s (RDSa.L) India arm has filed a petition in the Bombay High Court challenging the claims by the local tax authorities that a share sale to its overseas parent in 2009 was [...]

1 of 2. A customer tries on a gold necklace inside a jewellery showroom in Hyderabad April 11, 2012. SINGAPORE/MUMBAI | Tue Apr 23, 2013 2:09pm IST SINGAPORE/MUMBAI (Reuters) – Premiums for gold bars soared to multi-year highs in Asia on Tuesday after a spate of physical buying led to supply constraints, with dealers in [...]

1 of 2. A Bharti Airtel advertisement board is installed against the backdrop of company’s telecommunication tower in Kochi November 30, 2012. MUMBAI | Tue Apr 23, 2013 11:10pm IST MUMBAI (Reuters) – Conglomerate Reliance Industries Ltd (RELI.NS) took a step closer to launching 4G services into a fiercely competitive Indian telecoms market with a [...]

ArcelorMittal Chairman Lakshmi Mittal attends a parliamentary commission hearing at the National Assembly in Paris April 17, 2013. PARIS | Sun Apr 21, 2013 8:35am IST PARIS (Reuters) – ArcelorMittal CEO Lakshmi Mittal said on Saturday he regretted that the steel giant was having to permanently close two French blast furnaces but high labour and [...]

The Boeing 787 lands in Everett, Washington travelling with crew only from Fort Worth, Texas February 7, 2013. Sat Apr 20, 2013 10:16am IST REUTERS – U.S. regulators approved on Friday a revamped battery system for Boeing Co’s(BA.N) 787 Dreamliner, a crucial step in returning the high-tech jet to service after it was grounded in [...]

A girl tries a gold necklace inside a jewellery showroom in Mumbai, April 16, 2013. MUMBAI | Fri Apr 19, 2013 11:48am IST MUMBAI (Reuters) – At a Mumbai branch of gold loan provider Manappuram Finance Ltd (MNFL.NS), customer walk-ins have halved in the past week. At another, customers are rushing in to release their [...]

A customer holds a gold necklace inside a jewellery showroom in Mumbai April 16, 2013. MUMBAI | Thu Apr 18, 2013 4:04pm IST MUMBAI (Reuters) – Indian gold futures edged down, hovering near their lowest level in more than 18 months, weighed by a stronger rupee, giving an opportunity for physical traders to import in [...]

A girl tries a gold necklace inside a jewellery showroom in Mumbai, April 16, 2013. MUMBAI | Wed Apr 17, 2013 4:54pm IST MUMBAI (Reuters) – Indian gold futures edged lower on Wednesday, near their lowest level in more than 19 months, on losses in the global markets and a stronger rupee, triggering bargain buying [...]

India’s Reliance Industries’ KG-D6 facility located in Andhra Pradesh is pictured in this undated handout photo. MUMBAI | Wed Apr 17, 2013 1:22am IST MUMBAI (Reuters) – Reliance Industries Ltd (RELI.NS) posted a 32 percent rise in quarterly profit on Tuesday, as higher margins at its core oil refining business offset falling oil and gas [...]

1 of 2. Shopping bags for sale are pictured inside a Fresh & Easy store in Burbank, California October 19, 2012. LONDON | Wed Apr 17, 2013 4:04pm IST LONDON (Reuters) – Britain’s biggest retailer, Tesco (TSCO.L), wrote down the value of its global operations by $3.5 billion and announced plans to exit the United [...]

1 of 2. A saleswoman arranges a gold necklace inside a jewellery showroom in Kochi April 16, 2013. MUMBAI | Tue Apr 16, 2013 3:04pm IST MUMBAI (Reuters) – Gold futures in India, which hit the lowest level in more than 18 months on Tuesday, may stage a recovery as key technical indicators point to [...]

NEW DELHI | Mon Apr 15, 2013 4:56pm IST NEW DELHI (Reuters) – GAIL (GAIL.NS) wants to boost its liquefied natural gas (LNG) portfolio to 20 million tonnes a year in the next seven years through acquisitions and supply deals so that it can beef up trading of the super-cooled gas, Chairman B.C. Tripathi said. [...]

1 of 4. A vendor accepts money from a customer at his vegetable stall at a wholesale fruit and vegetable market in Mumbai April 14, 2013. NEW DELHI | Mon Apr 15, 2013 3:47pm IST NEW DELHI (Reuters) – India’s headline inflation slowed to the lowest rate in more than three years in March, hardening [...]

1 of 6. A private security guard stands outside the Four Points hotel in Ahmedabad April 9, 2013. MUMBAI | Thu Apr 11, 2013 2:44am IST MUMBAI (Reuters) – Starwood Hotels & Resorts Worldwide Inc(HOT.N) got a 104-room hotel up and running in India in less than 12 months, bypassing years of red tape by [...]

1 of 4. An employee is reflected on the body of a Maruti Suzuki car as he cleans dust from the other cars at a Maruti Suzuki stockyard on the outskirts of Ahmedabad April 10, 2013. MUMBAI/NEW DELHI | Wed Apr 10, 2013 3:41pm IST MUMBAI/NEW DELHI (Reuters) – India’s annual car sales fell for [...]

”Polo” cars are seen at the Volkswagen’s plant in Chakan, about 180 km south of Mumbai, February 4, 2010. MUMBAI | Wed Apr 10, 2013 2:38am IST MUMBAI (Reuters) – India’s annual car sales fell for the first time in a decade in the just-ended financial year, official data will show on Wednesday, calling into [...]

An employee uses an electronic machine to check a rupee note inside a bank in Allahabad December 16, 2011. NEW DELHI | Thu Apr 4, 2013 6:07pm IST NEW DELHI (Reuters) – India’s fiscal deficit is expected to be at around 5 percent of gross domestic product, lower than the downward revised estimate of 5.2 [...]

An employee uses an electronic machine to check an Indian currency note inside a bank in Allahabad December 16, 2011. NEW DELHI | Sat Mar 23, 2013 4:13pm IST NEW DELHI (Reuters) – India will ease restrictions for foreign institutional investors in central and corporate bonds next month to attract inflows and help fund a [...]