Two Indian states are suffering the first major pest infestation since the country adopted genetically modified cotton in 2002, raising concerns over the vulnerability of the lab-grown seeds that yield nearly all of the cotton in the world's top producer.
MUMBAI - India's stock markets rose on Friday to post their biggest weekly gains since mid-June, tracking a rally in Asian markets after minutes from the Federal Reserve's latest meeting quelled expectations of an imminent U.S. rate hike.
Officials familiar with RBI's thinking say investors are expected to take profits out of emerging markets when the Fed raises interest rates, but they also expect investors to return swiftly to India which Governor Rajan has called "an island of relative calm" among emerging markets. From "fragile five" to "island of calm" marks a major turnaround under Rajan, whose term is due to end next year. Story
Tunisia's National Dialogue Quartet won the Nobel Peace Prize on Friday for its contribution to building democracy after the Jasmine Revolution in 2011, the Nobel Committee said. The quartet is made up of the Tunisian General Labour Union (UGTT), the Tunisian Confederation of Industry, Trade and Handicrafts (UTICA), the Tunisian Human Rights League, and the Tunisian Order of Lawyers. Read
India's retail inflation likely picked up in September, driven by higher food prices, but will remain comfortably below the Reserve Bank of India's target and allow room for further policy easing, a Reuters poll showed.The consumer price index was expected to rise 4.3 percent last month, with forecasts in the survey of over 20 economists ranging between 3.6 percent and 5.0 percent. Full Article
DLF Ltd promoters will sell their 40 percent stake in the company's rental business to institutional investors, DLF said. The parent company will retain its 60 percent stake in DLF Cyber City Developers. SEBI had put a ban on DLF last year for allegedly misleading investors by withholding information about some of its units and the criminal cases pending against them in its IPO prospectus. Full Article
Liquefied Petroleum Gas, long a niche product used by the poor to cook and the rich to barbecue, has become a rare bright spot amid a broad commodities rout, riding on the wave of strong economic growth in India and parts of Southeast Asia. The biggest growth market is India, where millions of households are switching from kerosene or wood burners to LPG. Full Article
India is opening the way for women pilots to fly fighter jets in combat, its air force chief said, as one of the world's biggest military forces shakes off its reluctance to give greater responsibilities to women. Several countries, from the U.S. to Israel, and even Pakistan, have women flying their fighter planes, but India's military has kept them out of that role, as well as frontline warships and ground combat. Story
Prime Minister Narendra Modi is on the campaign trail in a state election that could define the rest of his term, promising jobs and development in one of the country's most backward areas, while his right-wing party pushes a Hindu agenda. Full Article
FIFA is discussing delaying the election for their next president following suspensions given to Sepp Blatter and Michel Platini, two sources told Reuters. Story