HYDERABAD - Budget airline SpiceJet has signed a deal with Boeing Co to buy 42 737 MAX jets in a deal worth $4.4 billion at list prices, the company said on Wednesday, sending its shares up more than 7 percent.
Reuters Market Eye - The BSE Sensex gains 0.4 percent, while the Nifty adds 0.31 percent, recovering from falls in the previous session to stay within touch of record highs.
The search for a missing Malaysia Airlines jetliner expanded on Wednesday to cover an area stretching from China to the Andaman Sea, with authorities no closer to explaining what happened to the plane or the 239 people on board. Full Article | Related Story
Consumer inflation and industrial output data on Wednesday will likely offer little evidence of a respite from high inflation and weak economic growth before a general election that begins next month. India has been struggling to recover from a stagflation-type situation where economic growth has been stuck below 5 percent for the past seven quarters while prices continue to rise at a fast clip. Full Article
Growing numbers of Chinese are using the country's state-backed bankcards to illegally spirit billions of dollars abroad, a Reuters examination has found. This underground money is flowing into Macau. And the conduit for the cash is the Chinese government-supported payment card network, China UnionPay. Full Article
The world's forests could hold 20 percent more carbon than previously thought, according to a study. If correct, that extra 125 billion tonnes of carbon could lead to an increase in the number of forest-based carbon credits set to be offered in carbon markets around the world. Forests absorb carbon dioxide from the atmosphere, helping to reduce the concentration of the top heat-trapping gas. Full Article
The third-quarter results season corroborates my view that 2014 will be a year of fragile recovery. The market, however, has run up to an all-time high, with the Nifty breaching the psychological barrier of 6,500. Is the euphoria justified? The results indicate a typical bottoming out – though revenue growth is muted, the margins have improved. Full Article
Sahara’s investment programmes include schemes that are similar to a typical Indian bank’s fixed deposits. But the arrest of Subrata Roy last week and the court case over an outlawed bond scheme are raising fears among some investors. Full Article
A bad monsoon in India is the one that fails to deliver enough rain … most of the time. This year, a lack of rainclouds could be the silver lining that the government needs. India has no place left to store more grain, and can ill afford a hefty payout to farmers for the truckloads of produce that the annual four-month monsoon rains could produce. Full Article
There have been 225 reported cases of acid attacks on women from 2010 to 2012, according to a response from the National Crime Records Bureau to a Right to Information request. Thirty-one were reported in the New Delhi region, and activists say the number of actual cases nationwide is much higher than what has been reported. Full Article Full Article
Voting for the 2014 general election will begin on April 7. More than 814 million people — a number larger than the population of Europe — will be eligible to vote in the world’s biggest democratic exercise. Article
Bitcoin can expose people to significant losses, fraud and theft, and the lure of a potential quick profit should not blind investors to the virtual currency's significant risks, a brokerage industry watchdog warned on Tuesday. Full Article | Bitcoin regulation mooted