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BSE Sensex hits third consecutive record high

Reuters Market Eye - The BSE Sensex hit record highs for the third consecutive session on Wednesday on the back of gains in blue-chip stocks. The benchmark index gains 0.51 percent to hit a record high of 22,875.17. The broader Nifty rises 0.68 percent to hit a life high of 6,861.60.

China shares down, Aussie drops after inflation data 11:48am IST

SINGAPORE - China's stock markets fell again on Wednesday after a survey showed manufacturing activity in the world's second-biggest economy was still contracting in April, while the Australian dollar tumbled to a two-week low after data showed surprisingly low inflation.

Gold rings are seen on display at a goldsmith shop in Kuala Lumpur April 21, 2011. REUTERS/Bazuki Muhammad/Files
Commodities

Gold hovers near 2-1/2 month lows

Gold was steady but near its lowest in more than two months on Wednesday, with stronger equities denting the metal's safe-haven appeal and outflows from bullion funds showing weak investor appetite. The metal was also weighed down by U.S. data that showed home prices rose in February and existing home sales were a bit stronger than expected.  Full Article 

A South Korean diver enters the water near floats where the capsized passenger ship Sewol sank, during the search and rescue operation in the sea off Jindo, April 21, 2014. REUTERS/Kim Hong-Ji

Korea divers feel with their hands for corpses

South Korean divers swam though dark waters into a sunken ferry, feeling for children's bodies with their hands in a maze of cabins and upturned decks as they searched for hundreds of missing.  Article 

Manchester United's manager David Moyes reacts after their Champions League quarter-final second leg soccer match against Bayern Munich in Munich, April 9, 2014. REUTERS/Michael Dalder

United must move fast with window looming

Manchester United must move quickly to appoint a new manager and give him maximum time to operate in what will be a critical transfer window for the club.  Full Article | No joke for United now 

A posed picture shows a Motorola Droid phone displaying the Google search page in New York August 15, 2011. REUTERS/Brendan McDermid/Files

Google reaches out with mobile apps ad feature

Google Inc will allow marketers to run online ads that send consumers to a page directly inside a mobile app, furthering the Internet company's effort to extend its multibillion-dollar advertising business to smartphones.  Full Article 

Michael Egan (C), who sued filmmaker Bryan Singer for allegedly raping him as a teenager, his mother Bonnie Mound and his attorney Jeff Herman hold a news conference at a hotel in Los Angeles April 21, 2014. REUTERS/Kevork Djansezian

Hollywood exec denies teen sex abuse charge

One of three Hollywood executives accused of sexually abusing a teenaged boy in the 1990s on Tuesday flatly denied the allegations, while an attorney for the second said they were "demonstrably untrue" and a representative for the third called them "without merit."  Article 

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News, Views and Expert Opinion with Ankush Arora

    CINEMA

    A handoout still from 'The World Before Her'

    Guns and Gowns: Two faces of Indian woman

    Nisha Pahuja‘s film “The World Before Her” juxtaposes two training camps - one for the Durga Vahini (army of Durga), the women’s unit of the right-wing Vishva Hindu Parishad (World Hindu Council), and the other for the Miss India beauty pageant. Pahuja wanted to make a film that would explore a common theme in two worlds that at first look like they are opposites.   Full Article 

    Andy Mukherjee

    Missing inflation could make Asian bonds frothier

    When inflation picks up, so do bond yields, which drives prices of those bonds down. Before the 2008 crisis, consumer prices in Asia were rising at a faster-than-anticipated pace. Investors demanded more compensation for holding paper with fixed-rate returns, and policy-makers raised short-term rates, so yields on sovereign debt surged.  Full Article 

    A man looks at a screen across the road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai February 6, 2014. REUTERS/Mansi Thapliyal/Files

    Why IT, pharma stocks are not pariahs

    Expectation that the ongoing general election will throw up a stable government has spurred a return to risk in domestic equities. Assuming a strong government is indeed voted in, will it mean the IT and pharma sectors will become market pariahs? Unlikely, writes Mukesh Agarwal of CRISIL.  Full Article 

    John Foley

    Graft purges don’t hurt shareholders - insiders do

    China Resources chairman Song Lin has been sacked for disciplinary violations, leaving an empire with $150 billion in assets leaderless. Though China’s state-company bosses will quake in their loafers, the damage to investors looks manageable. The real problem is a wider culture that treats outside shareholders as an afterthought.  Full Article 

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