MUMBAI - The BSE Sensex ended up slightly on Monday after rising to a record high for a third consecutive session as strong foreign buying continued to boost domestic-focused shares such as those of HDFC Bank, but momentum waned as exporters slumped on a stronger currency.
MUMBAI - The rupee strengthened to a seven-month high on Monday on the back of heavy foreign flows into both equities and debt, even as most emerging Asian currencies fell after surprisingly weak Chinese trade data.
The present rally may not continue for long and the market is more likely to move sideways. Political uncertainty is high. But if the BJP comes to power, the Sensex is bound to jump with enough support coming from foreign institutional investors. That will also harden the rupee further, writes D H Pai Panandiker. Full Article | Full Coverage
Some of the smallest children in Koriyama, a short drive from the crippled Fukushima nuclear plant, barely know what it's like to play outside - fear of radiation has kept them indoors for much of their short lives. Full Article | Thousands protest Japan's nuclear power policies
The world must increase its food production by 60 percent by mid-century or risk serious food shortages that could bring social unrest and civil wars, the U.N. Food and Agriculture Organization (FAO) said. The Asia-Pacific would be left with more than half a billion chronically hungry people even if the region meets its millennium development goal. Full Article
China has curtailed the power of the ruling Communist Party's Political and Legal Committee, a secretive body overseeing the security services, to interfere in most legal cases, scholars with knowledge of the situation said - a significant reform at a time of public discontent over miscarriages of justice. Full Article
End-of-life vehicles can be an environmental hazard, but in Finland scrapped cars are being turned into a myriad of new products from cosmetics to cookware. The Finns have taken very seriously, a European Union directive to recycle 85 % of all cars that have reached the end of the road, giving them second lives elsewhere. Video
The disappearance of a Malaysian jetliner is an "unprecedented mystery", the country's civil aviation chief said on Monday, as a massive air and sea search now in its third day failed to find any trace of the plane or 239 people on board. Full Article
Sahara’s investment programmes include schemes that are similar to a typical Indian bank’s fixed deposits. But the arrest of Subrata Roy last week and the court case over an outlawed bond scheme are raising fears among some investors. Full Article
A bad monsoon in India is the one that fails to deliver enough rain … most of the time. This year, a lack of rainclouds could be the silver lining that the government needs. India has no place left to store more grain, and can ill afford a hefty payout to farmers for the truckloads of produce that the annual four-month monsoon rains could produce. Full Article
There have been 225 reported cases of acid attacks on women from 2010 to 2012, according to a response from the National Crime Records Bureau to a Right to Information request. Thirty-one were reported in the New Delhi region, and activists say the number of actual cases nationwide is much higher than what has been reported. Full Article Full Article
Voting for the 2014 general election will begin on April 7. More than 814 million people — a number larger than the population of Europe — will be eligible to vote in the world’s biggest democratic exercise. Article
Bill Gross, the co-founder and co-chief investment officer of Pacific Investment Management Co, has accused departing CEO Mohamed El-Erian of seeking to "undermine" him by talking to The Wall Street Journal about deepening tensions between the two executives who have been jointly running the world's largest bond house. Full Article
Global cost-of-living surveys make the wage bargaining ritual in multinationals appear dependent on data. Such exercises fail the test of people revealing their preferences by their decisions. If a company used the study to ask its employees in Mumbai to tone down their wage expectations in 2014, they will make a beeline to recruiters’ offices - to search for jobs in Singapore. Full Article
EYEING NEW MARKET
South Korea's pioneering mobile messaging apps have taken their oversized emoticons to Indonesia, intent on breaking the dominance of BlackBerry Ltd's BBM messaging service in one of the world's most active social media markets. Full Article | Graphic