By WSJ Staff
Your daily round-up of the best of Wall Street Journal?s India coverage:
India Industrial Output Unexpectedly Shrinks: India?s industrial output in May contracted for the first time in five months, indicating that a recovery in the economy may still be far off.
India June Trade Deficit Narrows: India?s trade deficit in June narrowed from the previous month as imports of gold fell after a number of measures taken by the government and the central bank helped cool demand for the precious metal.
India Approves Samsung, Bosch Investment Proposals: Indian units of?Samsung Electronics?Co. and Robert Bosch GmbH are among the first set of companies which got approvals to set up or expand local operations under the country?s electronics-manufacturing policy.
Infosys Maintains Revenue Forecast: India?s?Infosys?Ltd. Friday maintained its forecast of 6%-10% revenue growth in dollar terms for the current fiscal year, after an acquisition it made last year and the Indian rupee?s decline against the U.S. dollar helped drive a slight rise in net profit for the fiscal first quarter.
India?s Gold Demand Likely to Rebound From August: India gold demand is likely to recover from June?s slump as bountiful monsoon rains boost disposable incomes and a stable price outlook provides support, the managing director of Gitanjali Jewels, a leading jewelry chain, said Friday.
India June Car Sales Fall 9%: Local car sales in India fell 9% to 139,632 units in June from a year earlier, data issued Friday by the Society of Indian Automobile Manufacturers showed.
Indian Farmers Plant More Oilseeds on Better Rain, Higher Prices: Indian farmers are planting more oilseeds this summer, calculating that likely healthy crops on the back of early monsoon rains will provide a good return on investment given relatively high prices, industry executives and analysts said Friday.
Ford India Recalling Diesel EcoSport SUVs: Ford Motor?Co. n India is recalling 972 diesel-engine EcoSport compact sport-utility vehicles.
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