Edition:
United States

Aftab Ahmed

Indian govt seeks to tap foreign lenders for loans to its small firms: sources

Jul 20 2019

NEW DELHI India's government is in talks with foreign lenders to provide as much as $14.5 billion in credit to millions of its small firms, two officials said, in a sign the country's banking system may not be robust enough to do the job on its own.

Exclusive: Indian government seeks to tap foreign lenders for loans to its small firms - sources

Jul 19 2019

NEW DELHI India's government is in talks with foreign lenders to provide as much as $14.5 billion (£11.5 billion) in credit to millions of its small firms, two officials said, in a sign the country's banking system may not be robust enough to do the job on its own.

India's June import decline reflects further weakness in demand and activity

Jul 15 2019

NEW DELHI India's imports declined to their lowest level in four months in June to $40.29 billion, down 9% from a year ago, indicating weakening consumption in Asia's third largest economy, economists said.

UPDATE 1-India's June import decline reflects further weakness in demand and activity

Jul 15 2019

NEW DELHI, July 15 India's imports declined to their lowest level in four months in June to $40.29 billion, down 9% from a year ago, indicating weakening consumption in Asia's third largest economy, economists said.

India's June inflation hits eight-month high but rate cut still possible

Jul 12 2019

NEW DELHI India's retail inflation hit a eight-month high in June on higher food prices, but stayed below the central bank's target, potentially giving it room for a further interest rate easing to boost slowing growth.

Exclusive: India aims to raise $47 billion from stake sales in state firms over 5 years - sources

Jul 12 2019

NEW DELHI The Indian government has plans to raise as much as 3.25 trillion rupees ($47.4 billion) in the next five years by reducing its stakes in some large state-owned firms to 40%, two senior government officials told Reuters, in the nation's biggest privatization push in more than two decades.

India aims to raise $2.18 billion by cutting stakes in 18 firms to 75%: source

Jul 08 2019

NEW DELHI India's government aims to raise up to 150 billion rupees ($2.18 billion) by reducing its stake in 18 state firms to 75%, a finance ministry official involved in the matter said on Monday, as it looks to boost revenues and rein in the fiscal deficit.

UPDATE 1-India aims to raise $2.18 bln by cutting stakes in 18 firms to 75% - source

Jul 08 2019

NEW DELHI, July 8 India's government aims to raise up to 150 billion rupees ($2.18 billion) by reducing its stake in 18 state firms to 75%, a finance ministry official involved in the matter said on Monday, as it looks to boost revenues and rein in the fiscal deficit.

India's cautious budget puts onus on central bank to spur growth

Jul 05 2019

NEW DELHI The Indian government's annual budget statement on Friday included measures aimed at improving the investment climate but lacked any direct steps to stimulate a sagging economy, adding to pressure on the central bank to provide more immediate help.

India considering relaxing foreign investment rules for several sectors

Jul 05 2019

NEW DELHI The Indian government on Friday said it will consider further liberalizing foreign direct investment (FDI) rules in certain sectors, part of its efforts to make Asia's third-largest economy a more attractive investment destination.

World News