South Asia Business News

Rupee rose on Monday after the strongest economic growth data in 18 months reinforced expectations of recovery and as stocks rallied on easing concerns about Dubai's debt problems. The partially convertible rupee ended at 46.50/52 per dollar, off a high...

India’s economy gave yet another indication of its rapidly improving health, prompting greater ambition from policymakers still chary of withdrawing the stimulus medicine responsible for the recovery. Gross domestic product (GDP) expanded by a surprisingly strong 7.9% during the July-September...

The economy grew at its fastest rate in 18 months in the quarter through September, smashing expectations and adding pressure to bring forward an interest rate rise and cut stimulus spending as inflation mounts. Asia's third-largest economy grew 7.9 percent...

Asked whether he is setting up the fund as a business option once he retires from the company, Murthy said, "Yes .. very much .. very much ... I feel this is the best way to help youngsters and create...

Union corporate affairs ministry, has begun prosecution proceedings against the alleged perpetrators of the country's largest accounting fraud that took place in Satyam [ Get Quote ] Computers last year. The agency filed a case against Satyam founder Ramalinga Raju...

The Indian economy grew 7.9 per cent during the July-September period — its strongest in six quarters — on the back of higher consumer spending and private investment, according to government data released on Monday. The growth achieved beat most...

A draft corporate governance code formulated by a task force set up by a prominent industry body calling for harmonisation of regualtion between the Companies Act and Sebi regulations among other measures was released on Monday. The draft code, the...

The trade deficit shrunk to $8.8 billion in October from $11.74 billion a year earlier. Exports for April-October, the first seven months of the 200910 fiscal year, were down 26% at $91.05 billion from the same period in the previous...

Independent oil and gas company Delta Petroleum Corp said it is exploring strategic alternatives, including a possible sale of the company. The company, whose core areas of operations are the Rocky Mountain and Gulf Coast Regions, said it hired Morgan...