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-BofA-Merrill raises Indiabulls to 'buy'; stock gains

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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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Wed Jan 30, 2013 9:54am IST 

* Shares in Indiabulls Real Estate gain 2 percent
after Bank of America Merill Lynch upgrades the stock to "buy"
from "neutral" and raises its price objective to 100 rupees from
69 rupees.
* The investment bank cited better-than-expected sales bookings,
as well as optimism about new projects, including a luxury
project in central Mumbai as key reasons for the upgrade.
* BofA-Merrill expects the trend of better bookings to continue
with more projects lined up for launches in Gurgaon, located
near New Delhi and in the city of Chennai.

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.thomsonreuters.com@reuters.net)
India Markets
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