Budget expected to cut deficit; borrowing a worry (Reuters) Posted: 25 Feb 2010 05:11 PM PST Reuters - India's annual budget on Friday is expected to slash the deficit as the economy rebounds, but investors were hoping Finance Minister Pranab Mukherjee will also be firm on keeping borrowing in check. |
Rivals India, Pakistan agree to "keep in touch" (Reuters) Posted: 25 Feb 2010 07:53 AM PST Reuters - The first official talks between India and Pakistan since the 2008 Mumbai attacks ended on Thursday with only an agreement to "keep in touch", signalling that relations between the nuclear-armed rivals remain frosty. |
Accolades pour in for record-breaking Tendulkar (Reuters) Posted: 25 Feb 2010 04:40 AM PST Reuters - President Pratibha Patil and prime minister Manmohan Singh led the accolades to Sachin Tendulkar on Thursday, a day after the batsman became the first player to score a double century in one-day international cricket. |
Finmin urges fiscal discipline; bond market wary (Reuters) Posted: 25 Feb 2010 06:11 AM PST Reuters - The government should start rolling back its economic stimulus and cap its debt, the finance ministry said on Thursday, forecasting economic growth in years ahead strong enough to make its fiscal targets look achievable. |
Bharti: Africa's potential makes Zain deal value fair (Reuters) Posted: 25 Feb 2010 08:02 AM PST Reuters - Bharti Airtel said $9 billion was not a high price for Kuwaiti telecom Zain's African assets given the growth opportunities, though it could dilute earnings in the short-to-medium term for India's leading telecom. |
Americans back Tiger Woods on U.S. Olympic team - poll (Reuters) Posted: 25 Feb 2010 11:24 AM PST Reuters - Tiger Woods' image may be tarnished after admitting to marital infidelities, but most Americans would support him representing the country on a U.S. Olympic golf team. |
Britain's culture-clash comedy "East is East" gets sequel (Reuters) Posted: 24 Feb 2010 09:05 PM PST Reuters - In 1999, the low-budget British film "East is East", about the clash of cultures in a Muslim Pakistani family living in Manchester, became a surprise worldwide hit, winning awards and grossing over $15 million. |
India rest Tendulkar and Sehwag for final one-dayer (Reuters) Posted: 25 Feb 2010 06:11 AM PST Reuters - Record-scoring opener Sachin Tendulkar and fellow batsman Virender Sehwag will be rested for India's third and final one-day international against South Africa in Ahmedabad on Saturday, the Indian cricket board said in a statement. |
Govt to auction 3-4 3G slots across telecom zones (Reuters) Posted: 25 Feb 2010 01:58 AM PST Reuters - Government will auction three slots each of third-generation wireless spectrum in most of its telecoms zones, including in the lucrative Delhi and Mumbai regions, from April 9, the telecoms ministry said on Thursday. |
Food price index up 17.58 pct y/y on Feb 13 (Reuters) Posted: 24 Feb 2010 10:56 PM PST Reuters - The food price index rose 17.58 percent in the 12 months to Feb. 13, while the fuel price index was up 9.89 percent, the government said on Thursday. |
India, Pakistan hold talks, seeking to repair ties (Reuters) Posted: 25 Feb 2010 02:33 AM PST Reuters - India and Pakistan held their first official talks since the 2008 Mumbai attacks on Thursday, a meeting that is unlikely to lead to an immediate breakthrough but may help thaw relations between the two nuclear-armed neighbours. |
Finance commission says govt can raise $82 bln from stake sales (Reuters) Posted: 25 Feb 2010 01:14 AM PST Reuters - The government can raise 3.81 trillion rupees ($82 billion), equal to 0.88 percent of GDP every year, in stake sales in state firms and banks in the next five years, the finance commission said. |
Designer Rohit Bal recovering after heart attack (Reuters) Posted: 25 Feb 2010 12:35 AM PST Reuters - Fashion designer Rohit Bal, who has designed clothes for celebrities like Pamela Anderson and Naomi Campbell, is recuperating in hospital after undergoing emergency surgery following a heart attack. |
Economic Survey urges fiscal discipline ahead of budget (Reuters) Posted: 25 Feb 2010 02:33 AM PST Reuters - The government should start rolling back its economic stimulus and impose a cap on debt in coming years, a finance ministry report said on Thursday, making the case for fiscal discipline a day before the annual budget. |
India offers 10 pct stake in IOC plant to Saudi Aramco (Reuters) Posted: 25 Feb 2010 02:51 AM PST Reuters - The government has offered a 10-percent stake in the upcoming Paradip refinery of state-run Indian Oil Corp to Saudi Aramco for about $650 million, a government official told reporters on Thursday. |
Pranab accepts major recommendations of finance commission (Reuters) Posted: 24 Feb 2010 11:13 PM PST Reuters - Finance Minister Pranab Mukherjee on Thursday said the government has accepted all major recommendations of a panel, which has suggested the country must slash its fiscal and revenue deficits and cap debt. |