WASHINGTON - U.S. President Barack Obama will attend India's Republic Day celebrations in January as chief guest, a sign of steadily expanding ties between two countries that share concerns about China's growing power in Asia.
NEW YORK - World stock markets and oil prices rallied on Friday, fuelled by hopes for global growth after China rolled out a surprise interest rate cut and the European Central Bank indicated it would step up asset purchases to boost the euro zone economy.
The Reserve Bank of India, grabbling with a surge in gold imports last month, could support some restrictions for trading houses but two senior policymakers involved in the bank's decision-making said officials were also wary of overreacting. India, the world's second-largest gold consumer over the past year, is wrestling with its response to a fourfold jump in gold imports in October. Full Article
Prime Minister Narendra Modi has a long list of pro-growth measures to implement over the next four months, but time may have already run out to breathe enough life into the economy to meet the tough 2014/15 fiscal deficit target without cuts. Full Article
Indians were flying aeroplanes and may even have been using cosmic weapons 5,000 years ago, according to Y. Sudershan Rao, the chairman of Indian Council of Historical Research. The BJP appointed Rao to the academic post soon after winning the general election, fuelling concerns of a push to teach the superiority of Hindu values and mythology at the cost of academic rigour. Full Article
The directors of "Happy Ending" start off by mocking conventional romantic stories, but by the end of the film, they have had the infamous airport proposal, the road trip that helps the bond between two characters, and even the dream sequence songs. Old wine in an even older bottle. The only happy ending here is when you walk out of the theatre, writes Shilpa Jamkhandikar. Review | More from Bollywood
Films "Available For Remake"
Twenty-one films including iconic Hindi movies including Kundan Shah’s “Jaane Bhi Do Yaaron” and Satyajit Ray’s “Agantuk” will offer remake rights in a first-of-its-kind initiative during this year’s International Film Festival of India (IFFI), taking place in Goa. Full Article
Bulgari should never have left India three years ago, so it’s coming back, the chief executive of the Italian luxury jewellery and accessories company said in an interview. According to a survey, India’s luxury market is around $14 bln. Experts say India is the fastest-growing market for luxury goods, expected to grow higher than China in the next four years. Interview
The contraction of exports by 5 percent in October will pull down industrial growth and bloat current account deficit. The fall in exports may not be due to a chance fluctuation but a warning of things to come. There are strong reasons to suggest India’s export woes are due to worldwide trends which need to be understood so that the country can benefit from them. Full Article
When assessing events on the ground — particularly in dynamic situations like Iraq and Syria — it is devilishly difficult to determine if and when a game-changing event will occur. We’ve identified five black swans — high-impact but low-probability events that could alter the course of the conflict. Commentary
Germany, it appears, is the most respected country in the world. According to the Nation Brands Index, Germany deposed the hitherto reigning champion, the Unites States. I’m amazed the U.S. was number one up until now. Anti-Americanism is rampant and I would have guessed that Switzerland or Sweden or some other rich but harmless country would top the list instead. Commentary
A U.S. judge on Friday gave final approval to Apple Inc's agreement to pay $450 million to resolve claims it harmed consumers by conspiring with five publishers to raise e-book prices. Full Article