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Surging growth helps India retain fastest growing economy tag
31 May 2016 at 8:57am
NEW DELHI (Reuters) - India gathered momentum from January to March to extend its lead as the world's fastest growing large economy, helping Prime Minister Narendra Modi craft an impressive sales pitch for meetings with investors in the United States next week.

Insight - Indian central bank chief wins over Modi despite broad mistrust
31 May 2016 at 4:10pm
NEW DELHI (Reuters) - In late 2014, the knives were out for India's central bank governor Raghuram Rajan.

EXCLUSIVE: Westinghouse to relocate planned nuclear plant to Andhra Pradesh, ...
31 May 2016 at 3:08am
NEW DELHI (Reuters) - Toshiba Corp's Westinghouse Electric will relocate a planned project to build six nuclear reactors in India, said officials, bringing the first deal stemming from a U.S.-India civil nuclear accord struck over a decade ago closer to reality.

Russia's Rosneft says completes deal to sell 15 percent in Vankor oilfield to...
31 May 2016 at 5:53am
MOSCOW (Reuters) - Russia's largest oil producer Rosneft said on Tuesday it has completed the deal to sell a 15 percent stake in Vankor oilfield in East Siberia to ONGC for $1.27 billion.

ONGC Videsh, Azerbaijan's SOCAR look to jointly sell oil
31 May 2016 at 4:44am
NEW DELHI (Reuters) - ONGC Videsh has signed a preliminary agreement with the trading arm of Azerbaijan's state energy company SOCAR to look at jointly marketing crude oil, the company said in a statement on Tuesday.

Viacom CEO, board face tough fight against Redstone - experts
31 May 2016 at 3:54pm
NEW YORK (Reuters) - Viacom Inc's chief executive and independent directors would face an uphill courtroom battle to remain on the board if controlling shareholder Sumner Redstone followed through on a threat to remove them, legal experts said on Tuesday.

U.S. stocks fall on economic worries, dollar firms
31 May 2016 at 1:36pm
NEW YORK (Reuters) - U.S. stock prices fell on Tuesday on weaker-than-expected economic data, while expectations of a possible Federal Reserve interest rate increase lifted the dollar to near a two-month high against a basket of currencies.

U.S. court rules $24.9 billion Dell buyout underpriced by 22 percent
31 May 2016 at 2:48pm
WILMINGTON, Del (Reuters) - Michael Dell and Silver Lake Partners underpriced their 2013 $24.9 billion buyout of Dell Inc [DI.UL] by about 22 percent and may have to pay tens of millions to investors who opposed the deal for the computer maker, a Delaware judge ruled on Tuesday.

Ex-Barclays director accused by U.S. of illegal tips to plumber
31 May 2016 at 2:20pm
NEW YORK (Reuters) - A former director at Barclays Plc was arrested on Tuesday on U.S. charges that he provided inside information about impending mergers he learned about at the bank to a plumber, who used the tips to make $76,000 illegally.

Oil dips but notches fourth straight monthly gain
31 May 2016 at 1:31pm
NEW YORK (Reuters) - Oil prices dipped on Tuesday as a stronger dollar and slide in equity prices sparked profit-taking, but crude futures posted a fourth straight monthly gain as investors bet that the global glut was slowly easing.

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