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 •  IMF upgrades China growth estimate on stimulus, downgrades India after cash crunch
BEIJING (Reuters) - The International Monetary Fund on Monday raised its forecast for China's economic growth this year by 0.3 percentage points to 6.5 percent, on expectations of continued policy stimulus.
 
 •  Jaitley says July 1 rollout of GST "more realistic"
NEW DELHI (Reuters) - Finance minister Arun Jaitley said the implementation of a new nationwide sales tax from July 1 is "more realistic" than from April 1 proposed earlier.
 
 •  Reliance Industries Q3 net profit up 10 percent, beats estimate
MUMBAI (Reuters) - India's oil-to-telecoms conglomerate Reliance Industries Ltd beat analysts' estimates to post a 10 percent increase in third-quarter standalone net profit, as high margins from its core business of crude oil refining helped bolster earnings.
 
 •  RBI relaxes cash withdrawal limit with immediate effect
MUMBAI (Reuters) - The Reserve Bank of India (RBI) on Monday relaxed cash withdrawal limits from automated teller machines (ATMs) and current accounts with immediate effect.
 
 •  Exclusive - Philip Morris jolted by Indian proposal to ban foreign tobacco investment
NEW DELHI (Reuters) - Philip Morris International is fighting to keep a toehold in India's $11 billion tobacco market, as the government considers further tightening foreign investment rules in the sector, according to documents seen by Reuters.
 
 •  Trade tensions, dollar danger cloud economic optimism in Davos
DAVOS, Switzerland (Reuters) - A trade war between the United States and China and a strengthening dollar are among the biggest threats to a brightening global economic outlook, according to leading economists at the World Economic Forum in Davos.
 
 •  India's wholesale prices up 3.39 percent in December
REUTERS - India's wholesale prices rose 3.39 percent year-on-year in December, their fastest pace in two months, government data showed on Monday.
 
 •  India fuel consumption to hit 200 million tonnes in 2016/17 - oil ministry
MUMBAI (Reuters) - India's fuel consumption is likely to hit 200 million tonnes in 2016/17, an oil ministry executive said on Monday, in what would be the highest such level in at least 16 years.
 
 •  Saudi pledges adherence to oil cut, confident others will
ABU DHABI (Reuters) - Saudi Arabia will adhere strictly to its commitment to cut output under the global agreement among oil producers, its energy minister said on Monday, expressing confidence that OPEC's plan to prop up prices would work.
 
 •  Asia's oldest stock exchange BSE may raise $182 million in IPO
MUMBAI (Reuters) - Indian stock exchange BSE Ltd's initial public offering (IPO) of shares next week may raise as much as 12.43 billion rupees ($182 million) for its investors, based on the indicative price range for the sale announced on Monday.
 
Updated: 26 minutes ago
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