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.
REUTERS - Moderating food prices are likely to have slowed inflation in India during February, giving the RBI some relief after it raised interest rates three times since September to dampen price pressures, a Reuters poll showed.
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
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 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
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
The third-quarter results season corroborates my view that 2014 will be a year of fragile recovery. The market, however, has run up to an all-time high, with the Nifty breaching the psychological barrier of 6,500. Is the euphoria justified? The results indicate a typical bottoming out – though revenue growth is muted, the margins have improved. 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
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