India's RBI grapples with inflation and slowing growth

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India's RBI grapples with inflation and slowing growth

India’s central bank left its benchmark interest rate unchanged on Thursday as policymakers grapple with the need to boost a slowing economy while curbing a rise in inflation that risks spurring social unrest. The Reserve Bank of India’ …
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Flipkart leads $60M investment in logistics startup Shadowfax

Walmart’s Flipkart has backed Shadowfax in a new $60 million financing round as the retail giant works to strengthen its logistics network in the nation. Flipkart, which alone contributed $30 million, led the Series D financing round for the three-year-old …
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India's central bank to tighten governance rules for urban co-operative banks

MUMBAI (Reuters) – India’s central bank plans to raise governance rules to strengthen the more than 1,500 urban co-operative banks after a scam at Punjab and Maharashtra Co-operative Bank (PMC)exposed cracks in the system earlier this year.
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FCA challenges Italy tax agency over value of US business

MILAN (Reuters) – Fiat Chrysler Automobiles (FCA) (FCHA.MI) has challenged Italy’s tax authority which has said the car company had underestimated the value of its U.S. business after it bought Chrysler. FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign …
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Kering Holds Exploratory Talks on Deal for Moncler

Kering SA has held exploratory talks with Moncler SpA about a potential deal for the Italian skiwear maker, people with knowledge of the matter said.
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