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 upgrades India's Exide to 'buy'; shares gain

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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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Tue Feb 12, 2013 1:09pm IST 

* Exide Industries Ltd shares gain 1 percent after
Bank of America Merrill Lynch upgrades the stock to "buy" from
"underperform," given expectations of an "an imminent increase
in pricing power in automotive batteries."
* BofA Merrill also raises Exide's target price to 160 rupees
from 122 rupees earlier.
* The investment bank says an expected hike in battery prices
also supported by capacity constraint at Exide rival Amara Raja
Batteries Ltd and the rising costs of lead, among
other factors.
* Exide Industries will raise prices for replacement auto
batteries by 5-6 percent due to rising input costs, a company
source with direct knowledge of the matter told Reuters on
Friday. 

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