Reuters Market Eye - Reliance Industries Ltd's operating profit may lag consensus estimates when it reports January-March quarter results on Friday, Thomson Reuters StarMine's SmartEstimates shows.
NEW DELHI - Reliance Communications Ltd , India's fourth-biggest mobile phone carrier, will hike voice prices starting April 25, the company said in a statement, to counter an increase in input costs and higher spectrum payments.
China's economy grew at its slowest pace in 18 months at the start of 2014, but did a touch better than expected and showed some improvement in March, suggesting Beijing will not rush to follow up recent steps to support activity. Full Article
At 3,030 rupees a share, Diageo's offer to United Spirits equates to 38 times historic EBITDA. That’s eye-popping even for a consolidated industry desperately chasing the last drops of emerging markets growth, write Reuters Breakingviews columnists. Full Article
Campaign season in India means it’s also promise season, and parties aren’t short on pledges for what they would do if they come to power after election results come out. Full Article
In one sense, the fact that ambitious global reforms are likely to be more modest in reality is to be welcomed. The most successful reforms tend to be those reforms that are undertaken against a backdrop of economic growth elsewhere in the world. If three-quarters of the world were to try and reform all at once, there would be no external growth left to ease the pain of adjustment, writes Paul Donovan. Full Article
Americans seem to have a greater fondness for anecdotes than citizens of any other nation. Newscasts have human-interest segments; no recent State of the Union address is complete without the president pointing up to the gallery and telling stories of his guests there. Though many anecdotes are harmless, they can be worrisome when it comes to public policy. Commentary
In recent weeks, there has been a surge in Chinese tech sector IPOs - including Alibaba and Weibo - all planning to list on American exchanges. They’re smart to list away from home: doing so will give them access to more liquidity, and allow them to avoid certain restrictions - like the rule that companies cannot IPO in China if they haven’t yet turned a profit. Full Article
The more money people have to fling around, the greater their influence on legislators, jurists, and charitable and educational institutions. They can shape tax laws and push companies to favour shareholders – that is themselves – over customers and workers. More insidiously, the ultra-rich can fund foundations and think tanks and back publications which help shape the public debate. Commentary
The brothers of actor Paul Walker, who died in November, will fill in for the late action star in order to complete scenes in the upcoming film "Fast & Furious 7," according to a Facebook statement. Full Article