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 Bharatiya Janata Party pushes a Hindu agenda.
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.
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
Islamic State fighters have captured several Syrian villages from rival insurgents near Aleppo, a monitoring group said on Friday, despite Russian air strikes that Moscow says have targeted the hardline group. Full Article | France launches new air strike in against IS
Ready for Rate Hike
Two years ago India was a "fragile five" economy growing at 5 percent, facing a severe current account deficit and the rupee at record lows as the U.S. Fed Reserve prepared to taper its stimulus programme. Today, two years into the term of RBI Governor Raghuram Rajan, India is set to confidently face the Fed's first rate rise since 2006. Full Article
With five months to go before next year's World Twenty20 at home, former champions India's search for an enforcer in the lower middle order shows no sign of ending anytime soon. Full Article