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Sensex rises over 1 percent on reforms, election boost

MUMBAI - The BSE Sensex and Nifty rose more than 1 percent on Monday to mark their biggest daily gain in more than one week after the government's energy reforms led to a rally in oil firms, while wins by the Bharatiya Janata Party (BJP) in Maharashtra and Haryana elections raised expectations for more reforms.

Govt meeting bankers to discuss share sale in ONGC - source 2:07pm IST

NEW DELHI - The government is meeting bankers on Monday to discuss a planned share sale in state-run ONGC as it deems the time is right to sell stakes in oil firms following freeing up of diesel pricing, a senior finance ministry official said.

'HPCL to gain most from diesel deregulation'

'HPCL to gain most from diesel deregulation'

Hindustan Petroleum Corp is likely to benefit most from diesel deregulation, says Jefferies, raising its target price to 640 rupees from 570 rupees.  Full Article 

A medical personnel looks out from the window of the army hospital where the rescued victims of avalanches have been admitted to in Kathmandu October 16, 2014. REUTERS/Navesh Chitrakar
Nepal Blizzard

Small avalanches hamper search for survivors

Small avalanches hampered the search for porters and guides missing for six days after a Himalayan storm, officials said, as rescue crews began to scale back the hunt for survivors.  Full Article 

Health inspection officers help a mock patient (C) get into a negative pressure isolation stretcher, during a drill to demonstrate the procedures of transporting an Ebola victim, at Shenzhen Entry-exit Inspection and Quarantine Bureau, in Shenzhen, Guangdong province August 14, 2014. REUTERS/Stringer/Files

"China billionaires lagging behind in Ebola fight'

China's corporations and billionaires have lagged behind in contributions to fighting the Ebola epidemic in West Africa, the World Food Programme said on Monday.  Full Article | Related Story 

Australia's Shane Watson bowls during the first T20 international against England at the Rose Bowl cricket ground, Southampton August 29, 2013. REUTERS/Philip Brown/Files
Cricket

Watson in Australia's T20 squad for S.Africa

Injury-prone all-rounder Shane Watson has been named in Australia's 13-man squad for Twenty20 matches against South Africa next month as he recovers from a calf strain.  Full Article 

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Oil pumping machine.

Cheap oil is no tonic for Asian economies

Cheaper oil won’t be much of a tonic for Asian economies. While painful for exporters, sliding prices should benefit consumers of crude. For most in the region, though, less expensive oil is mainly a sign that growth is stalling. The big exceptions are India and Indonesia. For them, the price slide over the past 4 months translates into significant budgetary savings.  Full Article 

D H Pai Panandiker

Targeting inflation at 4 percent

Finance Minister Arun Jaitley seems to have finally taken the responsibility of targeting inflation as it is a sensitive political issue and could not be left to the discretion of the Reserve Bank of India (RBI). With CPI as the anchor, the target will be 4 percent measured annually (+/-2 percent). Inflation targeting is a good game and not a difficult one. The real problem is in achieving the target.  Full Article 

Screen capture of film "Panic in the Streets".

Lessons on handling epidemics from 1950’s ‘Panic in the Streets’

The Ebola news has made me think about Elia Kazan’s crackling and moody Panic in the Streets, a 1950 thriller about a deadly bacterium that has entered New Orleans and threatens to spread. On a recent re-viewing, it definitely left me quavering — and gave me a nightmare chill I hadn’t experienced on previous occasions. The parallels to the Ebola outbreak are creepy.  Read 

Islamic State militants

Under assault, Islamic State may shift tactics

As long as Islamic State militants fight like a traditional army, with infantry, heavy weapons, vehicles and fortified positions, the United States and its allies can attack them as they would any traditional army — and beat them. But that depends on the militants cooperating. It’s evident the group is already changing its methods — a prospect that should deeply worry the rest of the world.  Commentary