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SC lifts iron ore mining ban in Goa, caps annual output

NEW DELHI/SINGAPORE - The Supreme Court lifted a 19-month old ban on mining in Goa, the top iron ore-exporting state, on Monday, a move that will put more pressure on global prices although it capped annual output in the state at 20 million tonnes.

Sensex, Nifty surge to record high; Sesa gains 4:41pm IST

MUMBAI - The Sensex and Nifty hit record highs on Monday as lenders such as Axis Bank rallied ahead of their financial results starting later this week, while strong gains in debt markets reduced concerns about potential losses in the sector's bond portfolios.

A man looks at a screen across the road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai February 6, 2014.  REUTERS/Mansi Thapliyal/Files
Markets

Why IT, pharma stocks are not pariahs

Expectation that the ongoing general election will throw up a stable government has spurred a return to risk in domestic equities. The consequent rally has meant those favoured defensives of the sluggish times - IT and pharma stocks - received a shearing. Does that mean the two export-oriented sectors will become market pariahs? Unlikely, says Mukesh Agarwal.  Full Article 

Voters queue at a polling station to cast their votes in Shabazpur Dor village, in Amroha district in Uttar Pradesh April 17, 2014.  REUTERS/Adnan Abidi
Election and Economy

StanChart: Rangebound activity before result

Steve Brice, chief investment strategist at Standard Chartered Bank, expects rangebound action in Indian markets ahead of elections but he says the rate cut cycle may begin this year. In an interview with ET NOW, he also cautions against the adverse impact of QE taper on emerging markets.  Video 

Pro-Russian armed men walk past activists hanging up a "Donetsk Republic" flag outside the mayor's office in Slaviansk, April 21, 2014. REUTERS/Gleb Garanich

Ukraine deal falters as rebels refuse to relent

An agreement reached last week to avert wider conflict in Ukraine was faltering as the new week began, with pro-Moscow separatist gunmen showing no sign of surrendering government buildings.  Full Article 

Manchester United's manager David Moyes attends a news conference at Old Trafford in Manchester, northern England March 31, 2014. REUTERS/Stefan Wermuth

Manager Moyes facing sack at ManU - reports

Manchester United are set to sack manager David Moyes less than a year after he took charge of the club, British media reported. Moyes was appointed last May when Alex Ferguson retired after guiding the club to their 13th Premier League title under his management. United are languishing in seventh place in the Premier League.  Full Article 

A taxi driver checks an app on his smartphone in Rio de Janeiro April 15, 2013. REUTERS/Ricardo Moraes/Files

Apps link people with new places in real world

Tired of the same restaurants and clubs? Not sure if friends would want to venture to a new cafe or bar? New apps show where people want to go, rather than where they have been.  Full Article 

Latest Headlines

Everest Tragedy

Shashank Chouhan

Promises and more promises: India’s parties pitch their visions

Campaign season in India means it’s also promise season, and political parties aren’t short on pledges. There has been plenty of coverage of the manifestos from the biggest national parties, Congress and the BJP, so here are some highlights from the others.  Full Article 

Deepak Yohannan

Third party premium for motor insurance increased

The premium for third party insurance is set by the insurance regulator. The problem is that companies know the portfolio will be bleed and hence, avoid taking risks as much as possible. There is also a lack of awareness, especially among owners of two-wheelers, who end up not insuring their vehicle every year.  Full Article 

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