Indian shares rose to their highest level in six months during morning trade Wednesday, buoyed by foreign fund inflows, a rising rupee and easing inflationary pressures.

Growth in India's industrial production slowed sharply to 1.8 percent year-on-year in December, data showed Friday, reflecting the impact of a string of aggressive interest rate hikes and weak global conditions.

India has selected the French firm Dassault over the Eurofighter consortium as the preferred bidder for 126 fighter jets in a major contract estimated to be worth $12 billion (nine billion euros).

French firm Dassault has won a multi-billion-dollar contract to provide 126 fighter jets to the Indian military, a government source in New Delhi told AFP on Tuesday.

French firm Dassault has won a multi-billion-dollar contract to provide 126 fighter jets to the Indian military, a government source in New Delhi told AFP on Tuesday.

India's central bank is expected to keep interest rates on hold Tuesday, judging it too early to begin lowering them despite concerns over slowing growth in Asia's third-largest economy.

India's central bank is expected to keep interest rates on hold Tuesday, judging it too early to begin lowering them despite concerns over slowing growth in Asia's third-largest economy.

India's annual inflation rate fell to a two-year-low of 7.47 percent in December, down from 9.11 percent in November, data showed on Monday, raising the prospect of central bank interest rate cuts.

LONDON (Reuters) - "The Old Lady just bought half a yard of cable and there are plenty of bids for Bill and Ben."

LONDON (Reuters) - "The Old Lady just bought half a yard of cable and there are plenty of bids for Bill and Ben."

Indian IT giant Infosys on Thursday posted a 33-percent rise in its quarterly profit, but warned of a slowdown and weak client spending due to global uncertainty and the European debt crisis.

The Indian rupee continued its downward spiral against the US dollar on Thursday, hitting another record low due to concerns over the eurozone debt crisis and weak domestic data.

The Indian rupee on Tuesday hit a record low against the dollar due to continued demand for the US currency, amid concerns over eurozone debt as well as weak domestic data.

India's industrial output shrank 5.1 percent year-on-year in October, well below expectations and piling pressure on the central bank to consider some monetary loosening after months of rate hikes.

NEW DELHI (Reuters) - India's industrial output fell in October for the first time in more than two years as capital goods investment slumped, ramping up pressure on the central bank to ease monetary or liquidity conditions, possibly as soon as Friday.

India's decision to suspend plans to open its $470 billion retail sector to foreign supermarket chains has only served to deepen the impression of a government in permanent drift, analysts say.

MUMBAI (Reuters) - India may face its worst financial crisis in decades if it fails to stem a slide in the rupee, leaving the central bank with a difficult choice over how to make best use of its limited reserves to maintain the confidence of foreign investors.

India's central bank said on Saturday it would act to prevent a "downward spiral of the rupee" which has been hit by fears about the global economy.

Shares in Indian pharmaceutical giant Ranbaxy Laboratories shot up as much as 8.4 percent on Thursday, after it won US approval to make the first generic version of a cholesterol-lowering drug.

Indian police said Wednesday they had detained six suspected militants over three attacks including a bombing at a restaurant last year in western India that killed 17 people.