India Money, Political and General News Correspondent, New Delhi
CJ's Feed
Apr 11, 2011

India Feb industrial output growth slows, May rate hike still seen

NEW DELHI, April 11 (Reuters) – India’s industrial output
growth slowed unexpectedly in February, adding to evidence that
its economic expansion may be moderating, but a hawkish central
bank is still expected to raise interest rates next month as it
struggles to contain stubbornly high inflation.

The weaker-than-forecast reading of annual 3.6 percent
growth in production at factories, mines and utilities compared
with the median forecast for a 5.2 percent rise in a Reuters’
poll, and comes on the heels of a dip in services output in
March.

Apr 11, 2011

Industrial output growth slows down in February

NEW DELHI (Reuters) – India’s industrial output grew at a slower-than-expected pace in February, dragged down by continued contraction in capital goods, but a hawkish Reserve Bank of India (RBI) is still expected to tighten monetary policy as it battles stubbornly high inflation.

Production at factories, mines and utilities grew 3.6 percent on year in February, lower than an upwardly revised 3.9 percent growth a month ago and below the median forecast for a 5.2 percent rise in a Reuters’ poll.

Apr 11, 2011

India’s industrial output growth slows down in February

NEW DELHI, April 11 (Reuters) – India’s industrial output
grew at a slower-than-expected pace in February, dragged down by
continued contraction in capital goods, but a hawkish central
bank is still expected to tighten monetary policy as it battles
stubbornly high inflation.

Production at factories, mines and utilities grew 3.6
percent on year in February, lower than an upwardly revised 3.9
percent growth a month ago and below the median forecast for a
5.2 percent rise in a Reuters’ poll.

Apr 8, 2011

Thousands back Anna Hazare’s hunger strike; govt offers deal

NEW DELHI (Reuters) – Students in T-shirts and Sikhs in turbans and carrying swords rallied alongside peasants and executives on Friday in support of activist Anna Hazare’s hunger strike against corruption, as the government and protest leaders neared a deal on an anti-corruption bill.

Septuagenarian Hazare’s campaign draws on widespread public anger over a spate of corruption scandals that have emerged in Prime Minister Manmohan Singh’s second term, tarnishing the government’s image and spooking investors.

Apr 8, 2011

Thousands back Anna Hazare; govt offers deal

NEW DELHI (Reuters) – Students in T-shirts and Sikhs in turbans and carrying swords rallied alongside peasants and executives on Friday in support of activist Anna Hazare’s hunger strike against corruption, as the government and protest leaders neared a deal on an anti-graft bill.

Septuagenarian Anna Hazare’s campaign draws on widespread public anger over a spate of corruption scandals that have emerged in Prime Minister Manmohan Singh’s second term, tarnishing the government’s image and spooking investors.

Apr 8, 2011

Thousands back India anti-graft hunger striker

NEW DELHI (Reuters) – Students in T-shirts and Sikhs in turbans and carrying swords rallied alongside peasants and executives on Friday in support of an Indian activist’s hunger strike against corruption, as the government and protest leaders neared a deal on an anti-graft bill.

Septuagenarian Anna Hazare’s campaign draws on widespread public anger over a spate of corruption scandals that have emerged in Prime Minister Manmohan Singh’s second term, tarnishing the government’s image and spooking investors.

Apr 4, 2011

Indian tycoon Tata appears before lawmakers in telecom case

NEW DELHI, April 4 (Reuters) – Indian tycoon Ratan Tata
appeared on Monday before a parliamentary panel
probing a multi-billion dollar telecoms graft scandal that has
badly dented the government’s credibility and alarmed investors
in Asia’s third largest economy.

The scandal has sparked worries several firms could lose
valuable telecoms licences after investing billions of dollars
in India, prompting Norway’s prime minister to lobby his Indian
counterpart on behalf of state-controlled Telenor , one
of the affected firms. [ID:nLDE7330GG].

Apr 4, 2011

Indian tycoon Tata faces lawmakers probing telecom scandal

NEW DELHI, April 4 (Reuters) – Iconic Indian tycoon Ratan
Tata will appear on Monday before a parliamentary panel probing
a multi-billion dollar telecoms graft scandal that has badly
dented the government’s credibility and alarmed investors in
Asia’s third largest economy.

The questioning of one of the foremost titans of Indian
industry comes two days after police made the first indictments
in the case, naming a former minister, a unit of Reliance ADA
group and the Indian partners of Etisalat and of
Telenor among the accused. [ID:nL4E7F201J]

Apr 4, 2011

Ratan Tata faces PAC probing 2G scam

NEW DELHI (Reuters) – Iconic Indian tycoon Ratan Tata will appear on Monday before a parliamentary panel probing a multi-billion dollar telecoms graft scandal that has badly dented the government’s credibility and alarmed investors in Asia’s third largest economy.

The questioning of one of the foremost titans of Indian industry comes two days after police made the first indictments in the case, naming a former minister, a unit of Reliance ADA group and the Indian partners of Etisalat and of Telenor among the accused.

Apr 4, 2011

Ratan Tata faces lawmakers probing telecom graft scandal

NEW DELHI (Reuters) – Iconic Indian tycoon Ratan Tata will appear on Monday before a parliamentary panel probing a multi-billion dollar telecoms graft scandal that has badly dented the government’s credibility and alarmed investors in Asia’s third largest economy.

The questioning of one of the foremost titans of Indian industry comes two days after police made the first indictments in the case, naming a former minister, a unit of Reliance ADA group and the Indian partners of Etisalat and of Telenor among the accused.