Prime Minister Narendra Modi (3rd L) speaks to the media as Minister of State for Parliamentary Affairs Mukhtar Abbas Naqvi (L), Venkaiah Naidu (2nd L), Minister of Urban Development, Jitendra Singh (2nd R), Minister of State for Prime Minister Office, and Rajiv Pratap Rudy (R), Minister of State for Skill Development and Entrepreneurship, look on upon arrival on the opening day of the winter session of the Lok Sabha in New Delhi November 24, 2014. REUTERS/Adnan Abidi

Congress signals it could back insurance reform plan

The Congress party signalled on Monday it could support government legislation to liberalise the insurance industry, a long-delayed reform expected to help improve investor confidence.  Full Article 

Jindal Steel shelves $10 bln project after coal setback 24 Nov 2014

NEW DELHI - Jindal Steel and Power Ltd has shelved a $10 billion coal-to-diesel project, its chairman told Reuters, becoming the first big casualty of a Supreme Court decision to scrap coalfields allocated to private firms since 1993.

A worker unloads coal from a goods train at a railway yard in Chandigarh July 8, 2014. REUTERS/Ajay Verma/Files
Infrastructure

India eyes private cash to build railways to ports

India is targeting up to $1 billion of private investment by 2017 to build rail lines linking ports and national networks to ease growing congestion, which has delayed coal imports for power plants and contributed to a power supply crisis. Cash-starved, India's British-built rail system has added just 11,000 kilometres of track since independence, symbolising the poor state of infrastructure.  Story 

Chinese President Xi Jinping (R) shakes hands with India's National Security Adviser Ajit Doval at the Great Hall of the People in Beijing in this September 9, 2014 file photo.  REUTERS/Lintao Zhang/Pool/Files
Border Dispute

Doval named envoy for China border talks

India on Monday named its powerful national security adviser, Ajit Doval, as a special envoy on China, opening the way for resumption of talks on the disputed border, where tensions have risen in recent months over border patrols and stiffer defences. Doval, a close aide of PM Narendra Modi, will lead the negotiations with Chinese State Councillor Yang Jiechi.   Full Article 

Employees work inside a travel agency office besides a model of a SpiceJet aircraft in tAhmedabad February 14, 2014.  REUTERS/Amit Dave/Files
Aviation

SpiceJet in talks with investors for fresh capital

SpiceJet Ltd is in "exploratory and preliminary stage" talks with investors about raising fresh capital, the budget airline said in a regulatory statement on Monday. The airline said a few parties had approached it about making an investment but because the talks were at an early stage it would be improper to comment on the specifics of any possible stake sale.  Full Article | Quote 

Delegations of U.S. Secretary of State John Kerry, Britain's Foreign Secretary Philip Hammond, Russian Foreign Minister Sergei Lavrov, Iranian Foreign Minister Javad Zarif, German Foreign Minister Frank-Walter Steinmeier, French Foreign Minister Laurent Fabius, EU High Representative Catherine Ashton, Chinese Foreign Minister Wang Yi sit around the negotiations table during their meeting in Vienna November 24, 2014.  REUTERS/Joe Klamar/Pool

Iran nuclear talks extended 7 months

Iran and six powers failed for a second time this year on Monday to resolve their 12-year dispute over Tehran's nuclear ambitions and gave themselves seven more months to overcome the deadlock that has prevented them from clinching a historic deal.  Full Article 

U.S. President Barack Obama (R) greets Defense Secretary Chuck Hagel after announcing Hagel's resignation at the White House in Washington, November 24, 2014. REUTERS/Larry Downing
U.S.

Hagel resigns as U.S. defence secretary

U.S. Defense Secretary Chuck Hagel has resigned, the first major change to President Barack Obama's Cabinet since his Democrats were routed in midterm elections three weeks ago. Hagel was appointed less than two years ago as Obama pushed his signature program of winding up wars in Afghanistan and Iraq, a process that is being upended this year.   Full Article | Video 

A neon Google logo is seen as employees work at the new Google office in Toronto, November 13, 2012.    REUTERS/Mark Blinch/Files

EU vote on Google break-up on Thursday

EU lawmakers will likely vote on Thursday on a motion proposing the break-up of Google and other Internet technology companies, increasing political pressure on the bloc’s antitrust regulators to take a stronger line on the group.  Full Article 

Latest Headlines

Yuan

China monetary policy enters difficult adolescence

China’s economy is in the throes of financial adolescence. If all credit in China still came from banks, a reduction in the benchmark rate set by the People’s Bank of China would benefit most borrowers. In the past few years, however, China has sprouted all kinds of new ways to save and borrow that don’t respond predictably to the central bank’s orders.  Full Article 

Bulgari Chief Executive Officer Jean-Christophe Babin points at a photographer during the Bulgari 130th anniversary party in Tokyo May 29, 2014. REUTERS/Yuya Shino/Files

Bulgari CEO: we shouldn’t have left India so we’re back

Bulgari should never have left India three years ago, so it’s coming back, the chief executive of the Italian luxury jewellery and accessories company said in an interview. According to a survey, India’s luxury market is around $14 bln. Experts say India is the fastest-growing market for luxury goods, expected to grow higher than China in the next four years.  Interview 

How to get India’s exports back on track

How to get India’s exports back on track

The contraction of exports by 5 percent in October will pull down industrial growth and bloat current account deficit. The fall in exports may not be due to a chance fluctuation but a warning of things to come. There are strong reasons to suggest India’s export woes are due to worldwide trends which need to be understood so that the country can benefit from them.  Full Article 

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