Economy

Hyderabad-based Dr. Reddy’s Laboratories Ltd reported a second quarter consolidated revenue of Rs39.9 billion, up 11 per cent on the year. Profit after tax was Rs. 7.2 billion for the quarter ended September 30, 2015, strong year-on-year growth of 26%,...

Manchester-based Kalibrate, the experts in global fuel and convenience retail, has made available extensive data intelligence for India’s fuel retail market. The dataset for metropolitan areas and second-tier cities provides critical intelligence for fuel retailers and ancillary industries, such as...

Ashishkumar Chauhan Bombay Stock Exchange (BSE) is further raising the trading speed on its electronic platform, Eurex’s T7, to capture the global players, as India becomes more attractive to investors. "BSE has changed its response time to 6 microseconds on...

Sri Lanka and India are working on an Economic and Technical Cooperation Partnership, to enhance further economic ties between the two South Asia countries. “We are doing an Economic and Technological Cooperation Partnership with India,” Prime Minister Ranil Wickremesinghe said...

India needs to quickly conclude its Free Trade Agreements with major (FTAs) markets to manage competition to its exports from the recently agreed Trans Pacific Partnership (TPP). The FTAs negotiations should be concluded with markets like Australia and Canada as...

India’s position on trade agreements is under scrutiny after a group of 12 countries, led by the United States, reached a tentative agreement on the Trans-Pacific Partnership (TPP) earlier this week, says Singapore’s DBS Bank in its daily economic report...

Mumbai-based DCB Bank Limited has announced a collaboration with Western Union Business Solutions to support small and medium-sized enterprises (SMEs) in India engage in cross-border trade. Western Union Business Solutions’ global payments technology platform and foreign exchange services will be...

Singapore banking group, DBS, said it expects the Reserve Bank of India (RBI) to make two more rate cuts of 25bps in this year, one of which is widely expected on September 29, 2015. The RBI front-loaded 75bps worth of...

A.M. Best has revised the outlook to stable from positive and affirmed the financial strength rating of B++ (Good) and the issuer credit rating of “bbb+” of United India Insurance Company Limited (UIIC). The underwriting performance of UIIC has improved...

Rupee Depreciation Hurts India Business Confidence; MNI India Business Sentiment At Lowest Since February 2014 A lower proportion of companies were optimistic about the current business environment in September as subdued foreign demand and a sharp depreciation in the rupee...