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Gold falls to 2-1/2 week low in thin trade

SINGAPORE - Gold fell to a two-and-a-half-week low in choppy and thin holiday trade on Monday, hurt by sharp outflows from the world's biggest bullion-backed exchange-traded fund (ETF) and a stronger dollar.

RIL telecoms unit in tower lease pact with ATC 10:17am IST

NEW DELHI - Conglomerate Reliance Industries' telecommunications unit, which holds nationwide 4G permits, has agreed to lease mobile phone masts from infrastructure provider American Tower Corporation's (ATC) local arm, the companies said in a statement on Monday.

Logos of Tata Consultancy Services (TCS) are displayed at the venue of the annual general meeting of the software services provider in Mumbai, June 29, 2012. REUTERS/Vivek Prakash/Files
IT Sector

TCS, Mitsubishi to form software services firm

India's largest IT services exporter Tata Consultancy Services has signed a pact with Japan's Mitsubishi Corp to create a Japanese software services provider, the companies said in a statement on Monday.  Full Article 

Malaysia Airlines flight MH192 from Kuala Lumpur to Bangalore is seen at Kuala Lumpur International Airport in Sepang outside Kuala Lumpur April 21, 2014. REUTERS/Samsul Said

Bangalore-bound Malaysia jet bursts tyre, lands

A Malaysia Airlines plane with 166 people on board turned back and landed safely at Kuala Lumpur airport early on Monday because one of the tyres on its main landing gear burst during takeoff, the airline said. Malaysia Airlines (MAS) said tyre debris was noticed on the runway at Kuala Lumpur International Airport 16 minutes after the plane had taken off for Bangalore.  Full Article 

Maritime police search for missing passengers in front of the South Korean ferry "Sewol" which sank at the sea off Jindo April 16, 2014. REUTERS/Kim Hong-Ji

Korea crew conduct akin to murder - president

South Korean President Park Geun-hye said the actions of the captain and crew of a ferry that sank last week with hundreds feared dead were tantamount to murder.  Full Article | Video: Grief and prayers 

Mark Karpeles, chief executive of Mt. Gox, attends a news conference at the Tokyo District Court in Tokyo February 28, 2014. REUTERS/Yuya Shino/Files

Mt. Gox CEO sought both control and escape

In June 2011, when customers of now-bankrupt bitcoin exchange Mt. Gox agitated for proof that the Tokyo-based firm was still solvent after a hacking attack, CEO Mark Karpeles turned to the comedy science fiction novel "The Hitchhikers Guide to the Galaxy".  Full Article 

Barcelona's Lionel Messi celebrates a goal after scoring a goal against Athletic Bilbao during their La Liga soccer match at Camp Nou stadium in Barcelona April 20, 2014. REUTERS/Albert Gea

Messi free kick ends Barcelona's nightmare run

Lionel Messi smashed in a superb free kick to complete a 2-1 comeback win for injury-hit Barcelona at home to Athletic Bilbao on Sunday that kept alive their hopes of a La Liga title.  Full Article 

Latest Headlines

News, Views and Expert Opinion with Ankush Arora
    Shashank Chouhan

    Promises and more promises: India’s parties pitch their visions

    Campaign season in India means it’s also promise season, and political parties aren’t short on pledges. There has been plenty of coverage of the manifestos from the biggest national parties, Congress and the BJP, so here are some highlights from the others.  Full Article 

    Deepak Yohannan

    Third party premium for motor insurance increased

    The premium for third party insurance is set by the insurance regulator. The problem is that companies know the portfolio will be bleed and hence, avoid taking risks as much as possible. There is also a lack of awareness, especially among owners of two-wheelers, who end up not insuring their vehicle every year.  Full Article 

    Diageo throws money at Indian empire-building

    Diageo throws money at Indian empire-building

    Diageo is engaging in some expensive empire-building in India. An under-powered tender offer meant an earlier attempt to take control of Vijay Mallya’s United Spirits was only partially successful. Now the world’s biggest spirits maker has more than doubled the price it is willing to pay, offering $1.9 billion to raise its stake to 54.8 percent from 28.8 percent.  Commentary 

    Paul Donovan

    The Reform Club

    In one sense, the fact that ambitious global reforms are likely to be more modest in reality is to be welcomed. The most successful reforms tend to be those reforms that are undertaken against a backdrop of economic growth elsewhere in the world. If three-quarters of the world were to try and reform all at once, there would be no external growth left to ease the pain of adjustment, writes Paul Donovan.   Full Article 

    Neal Gabler

    America: The anecdotal nation

    Americans seem to have a greater fondness for anecdotes than citizens of any other nation. Newscasts have human-interest segments; no recent State of the Union address is complete without the president pointing up to the gallery and telling stories of his guests there. Though many anecdotes are harmless, they can be worrisome when it comes to public policy.  Commentary