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Marking the exit of yet another foreign bank, from the cut-throat wealth management business in Asia's third-largest economy, HSBC is shutting its private banking unit in India

Excellent response to India's gold bond scheme...

In an overwhelming response to the government's gold bond scheme, the first tranche has received 63,000 applications for 917 kg of the metal, worth £24.6 million, as per a senior government official.

The Reserve Bank of India (RBI) kept its key lending rate unchanged on Tuesday, leaving the door open for more easing but making that dependent on meeting a challenging inflation target f‎or 2017.

India's finance minister Arun Jaitley has urged Indian exporters to produce quality products at competitive prices in the face of slowing demand in international markets and in the context of the continuous decline in the country's exports.

Sharif, Ghani vow to resume Taliban peace talks...

Pakistan Prime Minister Nawaz Sharif and Afghan President Ashraf Ghani have agreed to work together to revive stalled peace talks with Taliban insurgents after meeting on the sidelines of a climate change conference in Paris, officials said.

Indian-origin Antonio Costa is new Portugal PM...

Portugal President Anibal Cavaco Silva has appointed Antonio Costa, an Indian-origin, as the new prime minister after the government formed following the October 4 election.

Jaya sues magazine for defamatory article...

Tamil Nadu chief minister Jayalalithaa's office has issued a defamatory suit against popular Tamil weekly Ananda Vikatan for running a comprehensive series on the governance of the AIADMK government