Rafael Nam And Sujata Rao

S&P: budget will not impact India's sovereign ratings

It believes that there had been "little progress" in structural reforms.

Any currency war could put India in a tough spot

Japan recently de-valued yen for economic growth.

No reason to deny bank licence to qualified cos: FM

Many including IMP oppose allowing industrial houses to set up banks.

Tatas' shares slump on JLR concerns

The warning late on Wednesday came as a surprise given Tata shares hit a record high earlier this month on a rally sparked by expectations for improving sales at JLR, especially in the key China market, and optimism about the launch of new models.

Infosys denies report of firing 5,000 staff

It said that the company encourages "chronic under-performers" to leave as part of its staff management.

Sebi rejects settlement in Reliance Industries dispute

Infosys to fire up to 5,000 workers

The software services provider looks to cut costs and boost sales.