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RIL operating profit may lag estimates - StarMine

Reuters Market Eye - Reliance Industries Ltd's operating profit may lag consensus estimates when it reports January-March quarter results on Friday, Thomson Reuters StarMine's SmartEstimates shows.

RComm to raise mobile call tariff by up to 20 percent 1:45pm IST

NEW DELHI - Reliance Communications Ltd , India's fourth-biggest mobile phone carrier, will hike voice prices starting April 25, the company said in a statement, to counter an increase in input costs and higher spectrum payments.

A labourer works at a construction site in Hangzhou, Zhejiang province, April 14, 2014. REUTERS/William Hong
Global Economy

China economic growth slows to 18-month low

China's economy grew at its slowest pace in 18 months at the start of 2014, but did a touch better than expected and showed some improvement in March, suggesting Beijing will not rush to follow up recent steps to support activity.  Full Article 

The mother of a passenger who was on a sinking ferry reacts as she finds her son's name in the survivors list at a gym where rescued passengers gather in Jindo April 16, 2014. REUTERS/Kim Hong-Ji

Over 300 missing after South Korea ferry sinks

Over 300 people were missing after a ferry sank off South Korea, the coastguard said, with a three-fold increase in the number of passengers unaccounted for put down to a miscalculation.  Read 

The museum room is seen at the Diageo Cardhu distillery in Scotland March 21, 2014. REUTERS/Russell Cheyne
Deal Talk

Diageo throws money at Indian empire-building

At 3,030 rupees a share, Diageo's offer to United Spirits equates to 38 times historic EBITDA. That’s eye-popping even for a consolidated industry desperately chasing the last drops of emerging markets growth, write Reuters Breakingviews columnists.  Full Article 

The new Samsung Galaxy S5 smartphone is displayed at the Mobile World Congress in Barcelona February 23, 2014. REUTERS/Albert Gea/Files

Galaxy S5 to outsell S4: Samsung executive

Samsung Electronics Co Ltd's new Galaxy S5 smartphone should outsell its predecessor and defy predictions that the South Korean titan's latest model will struggle in a tough market for high-end handsets, a top executive said.  Full Article 

Latest Headlines

Election 2014

Paul Donovan

The Reform Club

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 

Neal Gabler

America: The anecdotal nation

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 

Alan Guo (C), CEO of Light In The Box, Ltd., and other company executives watch as their company begins trading on the floor at the New York Stock Exchange, June 6, 2013. REUTERS/Brendan McDermid

Alibaba, Weibo and China's potential for growth

In recent weeks, there has been a surge in Chinese tech sector IPOs - including Alibaba and Weibo - all planning to list on American exchanges. They’re smart to list away from home: doing so will give them access to more liquidity, and allow them to avoid certain restrictions - like the rule that companies cannot IPO in China if they haven’t yet turned a profit.  Full Article 

Edward Hadas

Wealth buys less lifestyle, more power

The more money people have to fling around, the greater their influence on legislators, jurists, and charitable and educational institutions. They can shape tax laws and push companies to favour shareholders – that is themselves – over customers and workers. More insidiously, the ultra-rich can fund foundations and think tanks and back publications which help shape the public debate.  Commentary