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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MARKET EYE-Indian shares fall on profit-booking; IT hit
* The BSE index falls 0.26 percent to 19,340 and the NSE index is down 0.3 percent to 5,882.75, on profit-booking. * India's 50-share index has been trading in the "overbought" territory, with its 14-day relative strength index around 70. * Asian shares were steady near 16-month highs on Thursday, supported by hopes that U.S. lawmakers will reach a compromise to avoid the so-called fiscal cliff of year-end tax hikes and spending cuts which threaten to push the U.S. economy back into recession. * Leading the falls Infosys drops 1.8 percent while Tata Consultancy Services is down 1.6 percent on Cognizant Technology Solutions Corp SEC filing. (abhishek.vishnoi@thomsonreuters.com /; abhishek.vishnoi.reuters.com@reuters.net)
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