MUMBAI - The BSE Sensex shares rose to a record high on Monday after the main opposition party BJP, widely seen by investors as being more business friendly, swept recent state elections, even as doubts persist about how long the rally can last.
SAN FRANCISCO - Twitter shares soared more than 9 percent on Monday to their highest level since the company's initial public offering after a spate of product announcements that could boost its revenue prospects.
Nokia has offered to pay a 270 million euro deposit to Indian authorities to unfreeze assets in a tax dispute, according to sources familiar with the matter. The Finnish firm has been trying to free up the assets, particularly its Chennai factory which is one of its biggest phone-making plants. Full Article
Indian companies that built most of the parts for the country's recently launched Mars mission are using their low-cost, high-tech expertise in frugal space engineering to compete for global aerospace, defence and nuclear contracts worth billions. Mangalyaan was launched last month and then catapulted from Earth orbit on Dec. 1, putting it on course to be the first Asian mission to reach the red planet. Article
The Bharatiya Janata Party vowed on Monday to seize the momentum from a string of big state poll victories and smooth the tough job of broadening its appeal beyond traditional northern strongholds in time for a national election next year. Article | Full Coverage
Informal lending is common in India, with businessmen and family members often lending money in times of need. But entrepreneurs in India are now experimenting with the P2P business model, with websites such as i-lend.in and faircent.com providing a meeting ground for borrowers and lenders. Such portals charge an upfront fee and get documents verified by a third party. Full Article
Twenty-nine years have passed since a poison gas leak from the Union Carbide pesticide plant in Bhopal killed thousands of people. For the estimated 100,000 survivors and their children who cope with birth defects, illness and a variety of other health problems, it might as well still be the 1980s. Full Article
Nelson Mandela, who has died aged 95, was a rare and brave leader. But economically he was, ironically enough, too timid. He set post-apartheid South Africa on course toward a mostly free market economy with stable finances, avoiding the errors of others like neighboring Zimbabwe. But he left the country slow-growing and still suffering from inequality. Full Article
The markets have now come to expect that tapering is inevitable and will be initiated. In India, steps have been taken by the RBI to make up for the outflow of FII investment that can follow. Besides, parameters that influence the markets for stocks and currency have perceptibly changed. It appears tapering, even if it comes as early as January, will not have a significant impact. Column
English singer Lily Allen rose back to the top of Britain's singles chart on Sunday as competition for the coveted Christmas number one spot heated up. Full Article