MUMBAI - The Reserve Bank of India (RBI) has hired a former Nomura algorithmic trader, officials said, taking a rare step to recruit externally as it seeks expertise needed to make India's financial markets deeper and more responsive to monetary policy moves.
REUTERS - India's stock markets rose more than 1 percent on Thursday, snapping three straight sessions of losses, as investors bought beaten-down stocks while upbeat U.S. markets overnight also improved sentiment.
Australia wants to join India, the United States and Japan in joint naval exercises in the Indian Ocean, widening participation in multilateral drills as China's influence in the region grows. Australian Defence Minister Kevin Andrews said expanding the exercises to include more countries would help avoid military mistakes in a region where China and India are increasingly competing. Full Article
A village council in Uttar Pradesh has denied allegations that it ordered two young sisters to be raped because their brother eloped with a higher caste woman. When the accusations first emerged last month, they spread like wildfire. An online petition by Amnesty International seeking justice and protection for the low-caste sisters gathered over 260,000 signatures. Video | Article
The rise of selfie photography in some of the world's most beautiful, and dangerous, places is sparking a range of interventions aimed at combating risk-taking that has resulted in a string of gruesome deaths worldwide. Full Article