Politics

Supporters holding flags of ruling Congress party leave after attending an election campaign rally by Rahul Gandhi at Hardoi district in Uttar Pradesh January 28, 2012. REUTERS/Adnan Abidi/Files

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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MARKET EYE-BoA-Merrill raises India's Bharti, Idea to 'buy'

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Chinese Premier Li Keqiang waves upon his arrival at the airport in New Delhi May 19, 2013. Li on Sunday arrived in New Delhi for a three-day state visit. REUTERS/Adnan Abidi

Li Keqiang in India

Chinese Premier Li Keqiang on a three-day state visit.  Slideshow 

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Fri Nov 16, 2012 12:12pm IST 

* Bank of America-Merrill Lynch upgraded Bharti Airtel 
and Idea Cellular to 'buy' from 'neutral' citing the
positive outcome of the 2G auction this week. 
* BoA-Merrill said the "deep" under-performance in both stocks
over the past 12 months, potential for more favourable policy
decisions in areas such as spectrum pricing, and prospect of
"strong" fiscal 2014-15 earnings growth would drive Bharti and
Idea.
* An auction of 2G airwaves attracted less demand than targeted
by the government, leading to lower prices that are 
giving a respite to the debt-ridden industry. 
* Bharti gains 3.5 percent, heading towards its fourth day of
gains. Idea is up 1.5 percent, gaining for a second day. 

 (abhishek.vishnoi@thomsonreuters.com)
India Markets
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