S&P Cuts India’s Outlook
India could be in danger of losing its investment-grade credit rating, after Standard & Poor’s cut its outlook to negative from stable.
Gold May Resume Rise
After the end of a three-week strike by jewelers in India, the largest buyer of gold bullion in the world, gold could resume its upward path in the market.
Businesses Protest Proposed Indian Tax Plan
A letter sent by seven overseas business groups that represent some 250,000 companies warned Prime Minister Manmohan Singh of India that a proposed taxation plan being considered by the Indian government is causing those companies to reconsider their presence in India.