Politics
Weakened Congress wondering if early elections will help
The Congress party is debating holding a general election in November, six months ahead of schedule, senior party leaders said, reflecting an internal discussion over whether to pull the plug on the shaky ruling coalition or have it serve a full term. Full Article
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RPT-MARKET EYE-Indian shares off highs after weak factory data
(Repeats for additional subscribers with no changes to text) * The BSE index and the NSE index trade flat, coming off highs after data showing weaker-than-expected industrial output in September. * Capital good stocks fall after the manufacturing output sub-index contracts 1.5 percent from a year ago: Larsen & Toubro down 0.4 percent and Punj Lloyd falls 1.3 percent. * Tata Steel falls 1.7 percent after posting on Friday an unexpected net loss in the July-September quarter and warning it did not expect an improvement any time soon due to weak market conditions. * But State Bank of India gains 0.9 percent, recovering after slumping 3.9 percent on Friday when the lender posted an increase in non-performing loans during the July-September quarter. (manoj.dharra@thomsonreuters.com)
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