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JP Morgan downgrades Maruti to 'underweight'

Reuters Market Eye - J.P. Morgan downgrades Maruti Suzuki to "underweight" from "neutral" and cut its target price to 1,510 rupees from 1,750 rupees, citing muted passenger car demand in India and increasing competition in higher value segments.

Idea, RComm gain; new regulations seen as positive 12:35pm IST

Reuters Market Eye - Telecom shares gain after the new roaming regulations are seen as less stringent than expected and with a negligible financial impact, dealers say.

Village women labourers work at the construction site of a road at Merta district in Rajasthan February 22, 2013. REUTERS/Mansi Thapliyal/Files
Economy

Road building revival may dispel infra gloom

K. Ramchand, managing director at one of India's biggest road builders, is doing something unusual to help dispel the gloom pervading much of the country's infrastructure sector today: bidding for new projects.  Full Article | Graphic: India's road network 

An FBI agent walks in Queens, New York March 25, 2010. REUTERS/Chip East/Files

FBI relies on secret U.S. surveillance law

The FBI has used secret evidence obtained under the Foreign Intelligence Surveillance Act to prosecute at least 27 accused terrorists since 2007, a Reuters review of public records shows.  Full Article 

Sony's SmartWatch is on display during a press preview day before the official start of the IFA consumer electronics fair in Berlin, August 30, 2012. REUTERS/Tobias Schwarz/Files

Batteries hold key to wearable device revolution

Longer-lasting batteries are crucial for a new crop of wearable computers whose rise may upend Apple and Google's dominance of mobile devices, two of the field's pioneers say.  Full Article 

U.S. President Barack Obama (L) meets with Russian President Vladimir Putin during the G8 Summit at Lough Erne in Enniskillen,  Northern Ireland June 17, 2013.   REUTERS/Kevin Lamarque

Putin, Obama face off over Syria

The leaders of Russia and the US, now openly backing opposing sides in Syria's civil war, played down their differences after talks where tensions had clearly flared over the conflict.  Full Article 

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News, Views and Expert Opinion with Ankush Arora

    Breakingviews

    Andy Mukherjee

    India in depth: Diaspora's yield hunt gone wrong

    India's banking system may lose the only friend it has had the past couple of years: the diaspora. For every $1 of time deposits that Indian banks have raised from residents in the past year, 13 cents has come from the estimated 25 million people of Indian origin who live in other countries. On all but a fraction that amount, the currency risk lies with the depositor.  Full Article 

    Special report

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    Bad Karma: How Fisker burned through $1.4 billion on a 'green' car

    Danish designer Henrik Fisker knows how to style a sexy car. Among his works is the BMW Z8, driven by James Bond in "The World Is Not Enough," where the sleek roadster gets sliced in two by a helicopter armed with giant saws. Fisker's latest piece of rolling sculpture is the comely Fisker Karma hybrid sports sedan - and it may meet an equally ugly end.  Full Article 

    Breakingviews

    John Foley

    China’s spiking rates create winners and worriers

    China’s biggest banks have thumbed their noses at the government. The Ministry of Finance sold just two-thirds of the 15 billion yuan of bills it offered on June 14, according to Bloomberg. The failed auction is not a vote of no confidence, or a sign that interest rates are too low, but a reflection of reality: banks can get better returns lending to each other.  Full Article 

    Neil Unmack

    World's oldest bank limps into 21st century

    The world’s oldest bank is limping into the 21st century. Monte dei Paschi’s stock jumped after the Italian bank proposed removing the voting rules favouring its controlling foundation. The move will allow the stricken lender to attract new capital, and Brussels to approve state aid. Not that there was much choice. All it needs now is a buyer.  Full Article 

    Lindsay Beyerstein

    In defense of publishing leaks

    No U.S. journalist has ever been successfully prosecuted for publishing classified information. This may seem counterintuitive. If it’s against the law to leak classified information, why is it legal for journalists to publish it? The answer lies in a carefully engineered balance between the government’s prerogative for secrecy and the press’s freedom to report the news.  Commentary 

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