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KOLKATA (Reuters) - A cyclone intensified over the Bay of Bengal on Wednesday, forcing a oilfield to shut and cut its gas output, and the evacuation of some 50,000 people in the region, officials said.
THIRUVANANTHAPURAM (Reuters) - The Reserve Bank of India (RBI) chief on Wednesday said inflation is worrisome, as asset prices and demand side pressures build and rural incomes pick up in an improving economy.
ISLAMABAD (Reuters) - The Pakistan Telecommunication Authority (PTA) directed Internet service providers to block Facebook indefinitely on Wednesday because of an online competition to draw the Prophet Mohammad.
MUMBAI (Reuters) - The auction for third-generation (3G) mobile spectrum licences is expected to net total revenue of $14.6 billion, a government official said on Wednesday.
NEW DELHI (Reuters) - The government borrowing could be lower by up to 350 billion rupees ($7.6 billion) in the 2010/11 fiscal year from estimates of 4.57 trillion rupees ($99.3 bln) on higher-than-expected 3G mobile spectrum sale inflows, a top government official said on Wednesday.
NEW DELHI (Reuters) - The April exports rose an annual 36 percent as demand picked up for its gems and textiles, Commerce Secretary Rahul Khullar said on Wednesday, but cautioned that the euro zone debt crisis could hurt exports.
MUMBAI (Reuters) - Shares fell the most in more than three-and-a-half months to close 2.8 percent lower on Wednesday, its lowest close since late February, as global stocks tumbled after Germany's move to sharpen financial regulation raised doubts on global recovery, triggering a flight to safety.
NEW DELHI (Reuters) - The third-generation (3G) mobile spectrum auction ended on Wednesday, its 34th day, a source with direct knowledge of the matter said, concluding a scramble that saw bidding far exceed forecasts.
LONDON (Reuters) - This year is on track to be the hottest ever after data published by America's climate agency this week showed record global temperatures in April and the first four months of 2010.
BERLIN (Reuters) - Germany declared war on speculators on Wednesday, stunning investors with a ban on naked short selling of certain financial instruments and wrongfooting its European partners who said they were not consulted.
(Reuters) - Tropical cyclone Laila is expected to slam India's east coast early on Thursday, putting ports, refineries and the country's biggest gas field on alert.
MUMBAI/SHANGHAI (Reuters) - Major Chinese truck maker Beiqi Foton Motor Co, a Daimler AG partner, is considering building a manufacturing plant in India, making 100,000 vehicles annually, three sources familiar with the situation said on Wednesday.
GUWAHATI (Reuters) - Shifting rivers in Assam, India's largest tea producing state, and abnormally high rainfall this year is destroying hundreds of acres of tea gardens and could cut output in the world's second-largest tea grower.
