A worker packs a sack filled with rice on the outskirts of Ahmedabad February 27, 2015. REUTERS/Amit Dave

India overhauls monetary policy using inflation targets

India has formally adopted inflation targeting, a historic monetary policy overhaul that marks a victory for Reserve Bank of India Governor Raguram Rajan, as the government makes subduing chronically volatile prices a priority.  Full Article 

RBI revises priority sector lending norms 02 Mar 2015

MUMBAI - The Reserve Bank of India (RBI) revised guidelines for lending to the priority sector on Monday, with loans to medium enterprises, sanitation and renewable energy sectors coming under the ambit of priority sector lending.

A worker stacks steel pipes in Ahmedabad November 4, 2014.  REUTERS/Amit Dave/Files
Steel

Steelmakers hit by import duty hike uncertainty

Shares in steelmakers mostly fell on Monday amid uncertainty whether the government would raise import duties on the alloy and whether any increase would be enough to protect the industry. In Saturday's annual budget, Finance Minister Arun Jaitley said the tariff rate on steel imports would be increased to 15 percent from 10 percent, cheering producers which have been battered by cheap Chinese metal.  Story 

A worker cuts a steel rod inside a steel factory on the outskirts of Jammu January 12, 2015. REUTERS/Mukesh Gupta/Files
Factory Sector

India factory activity growth slows to 5-mth low

Indian manufacturing activity expanded at its slowest pace in five months in February as a slowdown in new orders dragged on overall output, a survey showed. The HSBC Manufacturing PMI fell for the second consecutive month, to 51.2 in February from 52.9 in January this year.  Full Article 

Labourers work at the construction site of a commercial complex in Kolkata February 28, 2015. REUTERS/Rupak De Chowdhuri

Budget unlikely to impact rating - agencies

India's new budget is unlikely to have an impact on the country's sovereign credit given the absence of meaningful fiscal reform, credit-rating firms said on Monday, with Standard & Poor's ruling out a rating upgrade for at least a year.  Full Article | Full Coverage 

An official German taxi sign is seen atop of a taxi outside the airport in Frankfurt September 13, 2014. REUTERS/Kai Pfaffenbach/Files
M&A

Ola buys rival TaxiForSure for $200 million

App-based cab service Ola has bought TaxiForSure for $200 million as it eyes a bigger share in India's fast-growing online taxi services industry, where it competes with local players as well as Uber, the U.S.-based online taxi-hailing company. The deal by Ola is among the biggest in India's startup industry after Flipkart's purchase of Myntra for about $300 million in May last year.  Full Article 

A sticker with wi-fi sign is seen on a glass fence around a radio tower in Upper Silesia, southern Poland, August 28, 2014. REUTERS/Kacper Pempel/Files

HP to buy Wi-Fi gear maker for $2.7 billion

Hewlett-Packard said it would buy Wi-Fi network gear maker Aruba Networks for $2.7 billion, the biggest deal for the world's No. 2 PC maker since its botched acquisition of Autonomy Plc in 2011.  Article 

Singer Madonna arrives at the 57th annual Grammy Awards in Los Angeles, California February 8, 2015.  REUTERS/Mario Anzuoni

Madonna announces dates for next tour

Madonna will begin an international tour to promote her new album "Rebel Heart" with a concert at the American Airlines Arena in Miami in August, her promoters, Live Nation, said on Monday.  Full Article 

Latest Headlines

Mohammed Emwazi

The horror of ‘Jihadi John’ and the ‘Jihadi Janes’

Young men and women become radicalized in the quiet of their bedroom, sitting before a computer screen, often after they’ve done their homework. For all the efforts to counter it – increasingly by Muslim activists, scholars, parents, teachers – the digitalized hatred grows. There are many, many, would-be Jihadi Johns – and Jihadi Janes.  Commentary 

Expert Zone

Paul Donovan

A global lesson from Europe

“The euro area is in crisis” is not the most thrilling way to open an article. The region is seemingly always in crisis, resembling an opera by Wagner – very, very long, with lots of wailing and melodrama, generally conducted in German. The perpetual round of emergency summits and last-minute deals is something investors have had to get used to.  Full Article 

David Wise

How much does it cost to watch a suspected militant? Lots.

Surveillance is a double-edged tool. Catching terrorists is vital to protect the country. But we also want to live in a society where liberty and security are balanced, and the government does not follow people around without good reason. From that perspective, the high cost and difficulty of maintaining a continuous surveillance on a suspect may not be entirely bad in a democracy.  Opinion 

Rich List

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