Sensex jumps over 1 pct on insurers buying

MUMBAI - The BSE Sensex and Nifty rose more than 1 percent on Monday to mark a third consecutive day of gains as buying by insurers supported blue-chips such as HDFC Bank, while higher Asian shares and hopes of progress on key reforms underpinned the broader market.

World stocks, oil and rouble rally into Christmas period 3:21pm IST

LONDON - World share markets extended their 'Santa rally' into a fourth day on Monday, as a recovery in beaten-down oil prices and the rouble and more calls for quantitative easing from the ECB helped lift sentiment.

The nose setcion of an Airbus A350 is pictured at the final assembly line at Airbus headquarters in Toulouse, December 4, 2014. REUTERS/ Regis Duvignau/Files

The inside story of the new Airbus A350 jet

Ten years ago, the boss of Qatar Airways, who takes his first new A350 jet this week, warned Airbus it was flying off course. But it took another two years of sales setbacks and doubts at the highest management level before Airbus agreed to build the A350XWB to be delivered on Monday. That story is revealed here after interviews with customers, suppliers and industry sources.   Full Article 

File photo of MS Dhoni leading his team back to the dressing room at Eden Park in Auckland February 9, 2014. REUTERS/Nigel Marple/Files

Boxing Day test of India's resolve in Melbourne

With all hope of a first series triumph in Australia gone after defeats in the first two tests, India need to draw on their reserves of pride and motivation to avoid a seventh straight test loss on Australian soil this week.  Full Article | Factbox - Australia v India, third test 

Relatives of Sydney cafe siege victim, lawyer Katrina Dawson, gather after laying a floral tribute to her in Martin Place December 18, 2014. REUTERS/Jason Reed

Court jails partner of Sydney hostage-taker

An Australian court on Monday ordered bail revoked for the partner of a self-styled Sheikh who last week stormed a Sydney cafe at gunpoint, sparking a 16-hour hostage crisis that left three people dead, including the gunman.  Full Article | Carins house to be demolished 

Liverpool manager Brendan Rodgers reacts during his team's English League Cup quarterfinal soccer match against Bournemouth at Goldsands Stadium in Bournemouth, southwest England December 17, 2014. REUTERS/Andrew Winning

Liverpool can still be in top four mix: Rodgers

Liverpool can still finish in the Premier League's top four and claim a place in next season's Champions League, Brendan Rodgers said after a 2-2 draw with Arsenal.  Article | Skrtel rescues Liverpool 

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A SpiceJet passenger plane moves on the runway at the Sardar Vallabhbhai Patel international airport in Ahmedabad January 8, 2014. REUTERS/Amit Dave/Files

SpiceJet rescue is no fix for India aviation woes

SpiceJet’s woes are all too familiar. India is cajoling banks to lend to the country’s second largest single-brand carrier when the debt-ridden airline needs more equity. The government’s hope is to save jobs and prevent a repeat of the failure of Kingfisher Airlines. Even if the rescue works, exorbitant fuel taxes and lack of a bankruptcy law will keep the industry stuck in an air pocket.  Full Article 

The logo of car-sharing service app Uber on a smartphone.

Uber’s law flouting could bring joyride to a halt

Uber’s law flouting could bring its joyride to a screeching halt. The taxi app company is covering its drivers’ fines for illegally picking up passengers. That may be just another business expense to a firm that earned a $40 billion valuation by moving quickly and breaking the rules. But the legal, lobbying and public relations costs of reckless behavior are accelerating fast.  Full Article 

Mohamad Bazzi

Saudi Arabia is playing chicken with its oil

Saudi Arabia is once again using its “oil weapon”. The kingdom has two targets in its latest oil war: it is trying to squeeze U.S. shale oil - which requires higher prices to remain competitive with conventional production - out of the market. More broadly, the Saudis are also punishing two rivals, Russia and Iran, for their support of Bashar al-Assad’s regime in the Syrian civil war.  Commentary