Less than nine months after opening the first hotel in Mumbai under its brand, Hong Kong luxury chain operator Shangri-La Asia handed the keys back to the owner.Wednesday, 12 February, 2014, 3:27pm
Wal-Mart’s India expansion is stalled.
When India announced last September that it would allow foreign supermarket chains to take majority ownership of their Indian operations, it marked a victory for Wal-Mart Stores, which had spearheaded efforts to open the market and said its first retail store would open within two years.8 Jul 2013 - 1:53pm
As financial markets sell off on concerns over rising US rates, what happens in India, an economy with slowing growth and a heavy dependence on foreign money, could well determine if this is merely a short-term rout or a full-blown crisis.14 Jun 2013 - 2:23pm
India’s finance minister on Thursday pledged new reform measures by the end of June including lifting caps on foreign direct investment and changes in locally-produced gas prices to win back investor confidence.13 Jun 2013 - 3:23pm
After meeting in Mumbai, the Reserve Bank of India said that the benchmark repo rate, at which it lends to commercial banks, would fall to 7.25 per cent, as expected by most economists.4 May 2013 - 4:31am
India's central bank lowered its key interest rate by a quarter of a percentage point yesterday as it tries to revive stalled growth in Asia's third-largest economy.
The announcement was overshadowed by the country's minority government losing a coalition partner.20 Mar 2013 - 4:35am
Vietnam and India may replace Japan and Germany in the rankings of Hong Kong's top five trading partners by 2030 if the city's exports to the two countries continue to grow at their current pace.27 Feb 2013 - 6:07pm
With German sausages, French duck breasts and homegrown chicken, Francis Menezes is cashing in on the growing appetite for meat among Indians -- even in one of Mumbai’s most strictly vegetarian areas.
In the upmarket neighbourhood of Malabar Hill, numerous shops, restaurants and even some apartment blocks remain meat-free.4 Feb 2013 - 1:59pm
India’s central bank is expected to keep interest rates on hold Tuesday, despite mounting pressure from bankers and industry for a cut to revive the flagging economy.18 Dec 2012 - 11:23am
India's economy may grow at its slowest pace in a decade in the current financial year, according to forecasts by the finance ministry, which predicts inflation will slow enough to allow interest-rate cuts.18 Dec 2012 - 2:38am
India’s inflation unexpectedly eased in November, a moderation that may not prevent the central bank from keeping interest rates on hold as it studies the effects of a diesel-price increase earlier this year.14 Dec 2012 - 2:29pm
India approved changes to a century-old land law and set up a panel to speed up infrastructure projects as Prime Minister Manmohan Singh extends a policy overhaul to revive economic growth.14 Dec 2012 - 2:11pm