NEW DELHI, Oct 14 (Reuters) – India promised Myanmar a $500
million credit line to improve infrastructure on Friday and
praised steps towards democracy by its reclusive neighbour,
which is tentatively opening up after half a century of harsh
military rule.

The money and warm words came as Myanmar campaigns to shed
its pariah status. It freed about 200 political prisoners this
week, the latest sign of reforms in the poor and tightly
controlled Southeast Asian country of 50 million people.

NEW DELHI (Reuters) – India’s inflation barely budged in September, staying above 9 percent for the tenth straight month and girding the market for another interest rate rise even as policymakers around the world mull easing rates to stimulate a weak global economy.

The Reserve Bank of India (RBI) has raised rates a dozen times since March 2010, but with no sign of a cooling in prices, another rate rise looks likely at its policy meeting on Oct. 25.

NEW DELHI (Reuters) – Inflation barely budged in September, staying stubbornly outside the Reserve Bank Of India’s (RBI) comfort zone and girding the market for another interest rate rise even as policymakers around the world mull easing rates to stimulate a weak global economy.

The RBI has raised rates a dozen times since March 2010, but price rises have not slowed.

NEW DELHI (Reuters) – India unwrapped what it dubbed the world’s cheapest tablet computer on Wednesday, to be sold to students at the subsidised price of $35 to expand digital access in the Asian giant that lags peers such as China and Brazil.

The government is buying the first units of the device, called Aakash, which means sky in Hindi, for $50 each from a British company which is assembling the devices in India.

NEW DELHI, Oct 5 (Reuters) – India unwrapped what it dubbed
the world’s cheapest tablet computer on Wednesday, to be sold to
students at the subsidised price of $35 to expand digital access
in the Asian giant that lags peers such as China and Brazil.

The government is buying the first units of the device,
called Aakash, which means sky in Hindi, for $50 each from a
British company which is assembling the devices in India.

NEW DELHI (Reuters) – India unwraps what has been dubbed the world’s cheapest tablet computer on Wednesday, to be sold to students at the subsidized price of $35 to expand digital access in the Asian giant that lags peers such as China and Brazil in connectivity.

The government says the device, called Aakash, which means sky, will initially be available in a pilot run of 100,000 units before being rolled out to millions of students over the next few months.

NEW DELHI (Reuters) – Weak under the weight of corruption scandals, the government wants to regain the initiative by reviving stalled economic reforms, but the opposition will not ease the pressure on Prime Minister Manmohan Singh.

RATINGS (Unchanged since September unless stated):

S&P: BBB-

MOODY’S: Baa3

FITCH: BBB-

The cost of insuring against default on 5-year sovereign debt, in common with debt markets elsewhere in the world, jumped sharply in August and September, as fears of a global recession grew.

NEW DELHI (Reuters) – The Central Bureau of Investigation (CBI) is examining the role of tycoon Anil Ambani in the multi-billion dollar 2G telecoms scandal that has rocked India’s political and business elites, the Press Trust of India (PTI) news agency said on Thursday.

The 52-year-old billionaire is the highest-profile company executive to be touched by the investigation of whether lucrative radio spectrum and mobile phone licences were sold at below-market prices in return for kickbacks.

NEW DELHI (Reuters) – The Central Bureau of Investigation (CBI) is examining the role of tycoon Anil Ambani in a multi-billion dollar telecoms scandal that has rocked political and business elites, the Press Trust of India (PTI) news agency said on Thursday.

The 52-year-old billionaire is the highest-profile company executive to be touched by the investigation of whether lucrative radio spectrum and mobile phone licences were sold at below-market prices in return for kickbacks.

NEW DELHI, Sept 29 (Reuters) – Indian federal police are
examining the role of tycoon Anil Ambani in a multi-billion
dollar telecoms scandal that has rocked political and business
elites, the Press Trust of India (PTI) news agency said on
Thursday.

The 52-year-old billionaire is the highest-profile company
executive to be touched by the investigation of whether
lucrative radio spectrum and mobile phone licences were sold at
below-market prices in return for kickbacks.