SINGAPORE - Gold fell to a two-and-a-half-week low in choppy and thin holiday trade on Monday, hurt by sharp outflows from the world's biggest bullion-backed exchange-traded fund (ETF) and a stronger dollar.
NEW DELHI - Conglomerate Reliance Industries' telecommunications unit, which holds nationwide 4G permits, has agreed to lease mobile phone masts from infrastructure provider American Tower Corporation's (ATC) local arm, the companies said in a statement on Monday.
A Malaysia Airlines plane with 166 people on board turned back and landed safely at Kuala Lumpur airport early on Monday because one of the tyres on its main landing gear burst during takeoff, the airline said. Malaysia Airlines (MAS) said tyre debris was noticed on the runway at Kuala Lumpur International Airport 16 minutes after the plane had taken off for Bangalore. Full Article
In June 2011, when customers of now-bankrupt bitcoin exchange Mt. Gox agitated for proof that the Tokyo-based firm was still solvent after a hacking attack, CEO Mark Karpeles turned to the comedy science fiction novel "The Hitchhikers Guide to the Galaxy". Full Article
Campaign season in India means it’s also promise season, and political parties aren’t short on pledges. There has been plenty of coverage of the manifestos from the biggest national parties, Congress and the BJP, so here are some highlights from the others. Full Article
The premium for third party insurance is set by the insurance regulator. The problem is that companies know the portfolio will be bleed and hence, avoid taking risks as much as possible. There is also a lack of awareness, especially among owners of two-wheelers, who end up not insuring their vehicle every year. Full Article
Diageo is engaging in some expensive empire-building in India. An under-powered tender offer meant an earlier attempt to take control of Vijay Mallya’s United Spirits was only partially successful. Now the world’s biggest spirits maker has more than doubled the price it is willing to pay, offering $1.9 billion to raise its stake to 54.8 percent from 28.8 percent. Commentary
In one sense, the fact that ambitious global reforms are likely to be more modest in reality is to be welcomed. The most successful reforms tend to be those reforms that are undertaken against a backdrop of economic growth elsewhere in the world. If three-quarters of the world were to try and reform all at once, there would be no external growth left to ease the pain of adjustment, writes Paul Donovan. Full Article
Americans seem to have a greater fondness for anecdotes than citizens of any other nation. Newscasts have human-interest segments; no recent State of the Union address is complete without the president pointing up to the gallery and telling stories of his guests there. Though many anecdotes are harmless, they can be worrisome when it comes to public policy. Commentary
Studios have been searching for more faith-based films since Mel Gibson’s 2004 “The Passion of the Christ,” which tallied $611.9 million in worldwide ticket sales and was made on a modest $30 million budget, according to Box Office Mojo. Full Article