INDIA

Gold Edges up After Heavy Losses on U.S. Jobs Surprise

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Spot gold edged higher on Monday after surprisingly strong U.S. jobs data sent prices down nearly 2 percent in the previous session, as investors shifted focus to a looming deadline for Greece to accept the terms of a new bailout deal.
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Jaguar aircraft

India's Military Buildup May Be Too Little Too Late

ndia's 1.3 million-strong armed forces, hobbled by outdated equipment and slow decision-making, are undergoing an overhaul as defence priorities shift to China from traditional rival Pakistan. It took 11 years to select France's Rafale.
A worker performs a quality test on automobile parts at a factory in Ludhiana, in the northern Indian state of Punjab on Jan. 18, 2012.

Global Manufacturing Buzzing So Far in 2012

Almost every major global economy showed positive momentum in the manufacturing sector during January, according to data compiled by various economic-research organizations.
An IndiGo aircraft stands on tarmac at the airport in New Delhi January 12, 2011.

Global Airlines May be Wary of Investing in India's Carriers

New Delhi's expected move to allow global airlines to own as much as 49 percent in Indian carriers has been welcomed by investors as a potential lifeline for an industry mired in $20 billion of debt and on course to rack up $3 billion in annual losses. But aviation-industry experts say any celebration is premature.
Ron Paul

Ron Paul 2012: Why Does he Have Insane Internet Support?

The libertarian Congressman from Texas hasn't had a real-world victory in any of the four Republican presidential primaries held so far. His best performance was in Iowa caucuses where he was placed closely behind the GOP frontrunner Mitt Romney, drawing 21.5 percent of the total votes cast. However, Paul, unmistakeably, happens to win - with an overwhelmingly high margin - almost every online election poll, regardless of whether it is hosted by mainstream media or by a niche politica...
Rupee

Rupee Up on Dollar Inflows

The rupee rose on Friday, supported by dollar inflows, although choppy local shares and cautious sentiment across world financial markets ahead of key U.S. jobs data capped major gains in the local currency.
Subramanian Swamy

2G Scam: Subramanian Swamy’s War against the Ruling Congress

Mobbed by cameramen and with two fingers raised in a victory salute, Subramanian Swamy stood before the Supreme Court on Thursday, flushed with the vindication of an unrelenting legal campaign aimed at the country's most powerful politicians and the Congress party.
BSE Sensex

BSE Sensex Snaps 3-day Gains; Bharti Airtel Rises

The BSE Sensex was subdued on Friday as some profit-taking emerged after the index rose more than 3 percent in the last three sessions, and as weak Asian markets ahead of key U.S. jobs data dented investor sentiment.
Rupee

Rupee Hits 3-month High

The rupee hit a three-month high on Thursday, encouraged by gains in domestic equities, and after manufacturing data in China and Germany boosted investor appetite in high-yielding emerging market assets.
A Facebook logo is displayed on Kodak photo kiosk during the 2012 International Consumer Electronics Show (CES) in Las Vegas

Facebook Faces Daunting Challenge in Asia

Facebook aims to connect all two billion Internet users. So far it has captured 845 million of them. Of the rest, nearly 60 percent live in Asia and hooking them is going to be a daunting challenge.

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