RBI allows foreign investors to buy bonds in default

The Reserve Bank of India is allowing foreign investors to buy corporate bonds that are either totally or partly in default, it said on Thursday, a potential boost to India's nascent distressed debt market.

India's sales tax should be below 20 pct - Congress party 8:14pm IST

NEW DELHI India's proposed sales tax should be set at less than 20 percent, the opposition Congress party said on Thursday, signalling a willingness to compromise as long as the government takes into account its concerns.

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A commando takes up position during a gun battle at the Taj Mahal Hotel in Mumbai November 29, 2008. REUTERS/Arko Datta/Files

Remembering 26/11

It’s not often that you get to read your own name in the obituaries. Three days after armed militants went on the rampage in Mumbai, newspapers and TV channels included my name in the list of people who lost their lives in the carnage.  Reuters Witness | Slideshow 

A customer tries a gold necklace at a jewellery showroom on the occasion of Dhanteras, a Hindu festival associated with Lakshmi, the goddess of wealth, at a market in Mumbai, India, November 9, 2015. REUTERS/Shailesh Andrade

Demand might fall to 8-year low in Dec quarter

India's gold buying in the key December quarter is likely to fall to the lowest level in eight years, hurt by poor investment demand and back-to-back droughts that have slashed earnings for the country's millions of farmers. The sluggish demand could halve imports by the world's second-biggest gold consumer in U.S. dollar terms in the final quarter, a retailer and two bank dealers said.  Full Article 

South Africa's captain Hashim Amla (R) runs between wickets during the second day of their third test cricket match against India in Nagpur, India, November 26, 2015. REUTERS/Amit Dave

India sense victory after South Africa crumble

India need eight wickets to clinch the four-test series against South Africa after their spinners, led by Ravichandran Ashwin, wreaked havoc on a turning track on the second day of the third test.  Read | Photos 

Ride-hailing firm Ola hires former Infosys CFO

Ride-hailing firm Ola hires former Infosys CFO

Ola, India's biggest ride-hailing service, said on Thursday it has appointed former Infosys Ltd executive Rajiv Bansal as chief financial officer, joining other technology start-ups attracting top officials from leading companies. Bansal, former finance chief and advisor to the chief executive of Infosys, India's second-largest software services exporter, will join Bangalore-based Ola in January.   Full Article 

Britain's Prime Minister David Cameron (L) leaves 10 Downing Street in London, Britain November 26, 2015 REUTERS/Suzanne Plunkett
Fighting Islamic State

Cameron says time to start bombing IS in Syria

Prime Minister David Cameron told lawmakers on Thursday it was time to join air strikes against Islamic State militants in Syria, saying Britain cannot "subcontract its security to other countries".  Full Article 

Russian Prime Minister Dmitry Medvedev chairs a government meeting in Moscow, Russia, November 26, 2015.  REUTERS/Ekaterina Shtukina/Sputnik/Pool

Russia seeks economic revenge against Turkey

Russia threatened economic retaliation against Turkey on Thursday and said it was still awaiting a reasonable explanation for the shooting down of its warplane, but Turkey dismissed the threats as "emotional" and "unfitting".  Full Article 

Pope Francis gestures during a meeting with clergy at St Mary's School in Kenya's capital Nairobi, November 26, 2015. REUTERS/Stefano Rellandini
Pope In Africa

Pope offers lesson in humility to flashy leaders

In actions and words on his first tour of the world's poorest continent, Pope Francis has sent a message to African leaders that they could do with less pomp and a bit more humility.  Full Article | Video 

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Alcohol Ban


A radar picture shows activities of the downed Russian warplane on the Turkish-Syrian border, November 24, 2015. REUTERS/Turkish Interior Ministry/Handout

Preventing World War Three in Syria between Turkey and Russia

Saving face for both country's leaders, who once considered each other friends, will be critical and best facilitated by calls of restraint from President Barack Obama and France’s leader, Francois Hollande.  The Great Debate