Obama In India
U.S. President Barack Obama endorsed on Monday India's long-held demand for a permanent seat on the U.N. Security Council, a largely symbolic move that may put diplomatic pressure on rival regional power China. Full Article | Slideshow
Reuters Market Eye - Shares in Exide Industries Ltd rise after the industrial and automotive battery maker reported late on Monday that April-June earnings rose 17 percent to 1.85 billion rupees ($30.73 million), beating some analysts' estimates.
Reuters Market Eye - Shares in Hitachi Home and Life Solutions (India) Lt surge as much as 11.6 percent to a record high of 407 rupees after the company reported April-June net profit tripled to 430.2 million rupees.
Reuters Market Eye - Shares in telecom operators gain after Idea Cellular's April-June profit beat estimates and after the sector regulator issued guidelines for mobile phone spectrum sharing between carriers that is seen benefiting the bigger incumbents.
Reuters Market Eye - The Nifty rises 0.7 percent, heading for a sixth consecutive session of gains.
LONDON - More than half of consumers globally expect job prospects to be good to excellent in the year ahead, a survey showed on Tuesday.
Reuters Market Eye - Rupee trading at 60.22/23 versus its close of 60.30/31, as the dollar makes losses versus other Asian currencies with hopes of foreign fund inflows into the local sharemarket continuing to cheer.
Reuters Market Eye - Shares of Indoco Remedies Ltd surge 14.2 percent after the company said on Monday that the U.S. drug regulator had approved the company's sterile and solid dosage manufacturing plants located in Goa, paving the way for its ophthalmic product launches in the United States.
MUMBAI - Shares in Idea Cellular, India's third-biggest mobile phone operator by users and revenue, rise in early trade after its first-quarter profit rose 57 percent to 7.28 billion rupees ($120.8 million), beating consensus estimates.
NEW YORK - U.S. stocks slipped on Monday as investors remained cautious about instability in Ukraine and Gaza, though the three major indexes ended well off their lows, a sign that some appetite for riskier assets remained.
Obama's India visit should affirm New Delhi’s global role, says Lisa Curtis. Full Article
Obama's visit to India has become a veritable one-day cricket match with a ball-by-ball commentary. Full Article