Hindu nationalist Narendra Modi, prime ministerial candidate for the main opposition Bharatiya Janata Party (BJP) and Gujarat's chief minister, addresses his supporters during a rally in Amroha, in Uttar Pradesh March 29, 2014. REUTERS/Adnan Abidi/Files

Modi says committed to no first use of nuclear weapons

Prime ministerial frontrunner Narendra Modi said he was committed to a policy of no first use of nuclear weapons, seeking to assuage concern after his Hindu nationalist BJP party vowed to revise the nuclear doctrine if elected to power.  Full Article 

RComm to raise mobile call tariff by up to 20 percent 1:45pm IST

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.

A man walks past the Bombay Stock Exchange (BSE) building in Mumbai December 5, 2013. REUTERS/Danish Siddiqui/Files

BSE Sensex slumps 207 points; IT stocks fall

The BSE Sensex and the Nifty on Wednesday fell to their lowest close in 2-1/2 weeks as software stocks slumped on caution ahead of India's top IT services provider Tata Consultancy Services' earnings report later in the day.  Full Article 

Rahul Gandhi (in white), the ruling Congress party's vice president and son of Congress chief Sonia Gandhi, and his sister Priyanka Gandhi Vadra are showered with rose petals by their supporters upon his arrival to file his nomination for the general election, in Amethi in Uttar Pradesh April 12, 2014. REUTERS/Pawan Kumar

Political parties pitch their visions

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 | Full Coverage 

Maritime police search for missing passengers in front of the South Korean ferry Sewol; which sank at the sea off Jindo April 16, 2014. REUTERS/Kim Hong-Ji

Over 280 missing after S.Korean ferry capsizes

More than 280 people, many of them students from the same high school, were missing after a ferry capsized off South Korea on Wednesday, in what could be the country's biggest maritime disaster in over 20 years.  Full Article | Slideshow 

Rafael Nadal of Spain returns the ball to Teymuraz Gabashvili of Russia during the Monte Carlo Masters in Monaco April 16, 2014. REUTERS/Eric Gaillard

Nadal recovers from shaky start to go through

Claycourt machine Rafael Nadal recovered from a stuttering start to beat Russian qualifier Teymuraz Gabashvili 6-4 6-1 and reach the third round of the Monte Carlo Masters on Wednesday.  Full Article 

A money changer counts Pakistani Rupee (PKR) notes in Karachi September 23, 2009. REUTERS/Athar Hussain/Files

Pakistan publishes list to embarrass tax cheats

Desperate Pakistani tax authorities are publicly shaming defaulters by publishing their tax details in a directory for the first time, officials said. The cash-strapped authorities find it almost impossible to chase down the large number of defaulters - many of them powerful politicians - through the country's moribund courts.   Full Article 

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Diageo throws money at Indian empire-building

Diageo throws money at Indian empire-building

Diageo is engaging in some expensive empire-building in India. An under-powered tender offer meant an earlier attempt to take control of Vijay Mallya’s United Spirits was only partially successful. Now the world’s biggest spirits maker has more than doubled the price it is willing to pay, offering $1.9 billion to raise its stake to 54.8 percent from 28.8 percent.  Commentary 

Paul Donovan

The Reform Club

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 

Neal Gabler

America: The anecdotal nation

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 

Alan Guo (C), CEO of Light In The Box, Ltd., and other company executives watch as their company begins trading on the floor at the New York Stock Exchange, June 6, 2013. REUTERS/Brendan McDermid

Alibaba, Weibo and China's potential for growth

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 

Edward Hadas

Wealth buys less lifestyle, more power

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