Upper castes too voted for Nitish, Lalu and Congress in Bihar

Patna, Nov 10 (IANS) Not just the Dalits, OBCs and Muslims, the upper castes too supported the Nitish-Lalu combine, with a majority of the upper caste candidates of the Grand Alliance winning the Bihar assembly elections.   This is contrary to common perception that the overwhelming upper castes supported and voted the BJP-led NDA in […]

One dead as mob caned to avert clash over Tipu

Madikeri (Karnataka), Nov 10 (IANS) A VHP member fell to death on Tuesday, as police caned and fired tear gas on a mob to avert a clash over the celebration of 18th century Mysuru ruler Tipu Sultan’s 265th birth anniversary here, police said.   “The victim (D.S. Kuttappa, 60) succumbed to injuries he sustained after […]

India eases foreign investment rules in 15 major sectors

India eases foreign investment rules in 15 major sectors

NEW DELHI, November 10 (Reuters) – India has eased foreign direct investment norms in 15 major sectors, including mining, defence, civil aviation and broadcasting, the government said on Tuesday, in a bid to drum up investment and speed growth.   The government also increased the financial power of the Foreign Investment Promotion Board to give […]

Outlook lifts India’s most profitable airline IndiGo in debut

Outlook lifts India’s most profitable airline IndiGo in debut

MUMBAI, November 10 (Reuters) – The owner of IndiGo, India’s biggest airline by market share, surged as much as 17.6 percent in its market debut on Tuesday despite a premium valuation, as investors bet on future profits in one of the world’s fastest-growing aviation markets.   InterGlobe Aviation Ltd raised 30.1 billion rupees ($453.52 million) […]

GE, Alstom land $5.6 billion deals to supply Indian railway

GE, Alstom land $5.6 billion deals to supply Indian railway

NEW DELHI, November 10 (Reuters) – General Electric and Alstom have won contracts worth a combined $5.6 billion to supply India’s railways with new locomotives, as the vast but dilapidated state-owned network looks to foreign companies to help it modernise.   France’s Alstom has been picked to supply 800 electric locomotives and will also build […]

Rising food prices to hit rural India in 2016

Rising food prices to hit rural India in 2016

MUMBAI, November 10 (Reuters) – India’s villages face a sharp spike in food prices in 2016, as a second year of drought drives up the cost of ingredients such as sugar and milk, and poor transport infrastructure stops falling global prices from reaching rural areas.   India’s first back-to-back drought in three decades also complicates […]

Soul searching for Modi after crushing Bihar defeat

Soul searching for Modi after crushing Bihar defeat

NEW DELHI, November 9 (Reuters) – Prime Minister Narendra Modi will meet leaders of his party on Monday to discuss whether to overhaul policies and priorities in the wake of a humiliating defeat in elections in the eastern state of Bihar.   Modi was due to huddle with a dozen senior colleagues of his Hindu […]

There must be ‘Sabka Nyay’: Modi

There must be ‘Sabka Nyay’: Modi

New Delhi, Nov 9 (IANS) Prime Minister Narendra Modi on Monday expanded his government’s ‘Sabka Saath, Sabka Vikas’ motto to include ‘Sabka Nyay’, assuring free legal aid for the vulnerable sections of the society.   “I believe in ‘Sabka Saath, Sabka Vikas’ and with that there must be ‘Sabka Nyay’,” Modi said urging that the […]

After Bihar defeat, investors tell Modi to speed up reform

After Bihar defeat, investors tell Modi to speed up reform

MUMBAI, November 9 (Reuters) – Foreign investors shook off turbulence in Indian financial markets on Monday after a weekend defeat for the government in a key regional election, but they pressed Prime Minister Narendra Modi to do more to accelerate promised reforms.   Modi needs to win most state elections in the next three years […]

Nitish Kumar: Soft-spoken engineer leads Bihar again

Nitish Kumar: Soft-spoken engineer leads Bihar again

Patna, Nov 8 (IANS) He graduated as an engineer but plunged into politics in the early 1970s. Sophisticated, soft-spoken and a teetotaller who detests tobacco, Janata Dal-United leader Nitish Kumar, known for his development and good governance, is all set to become Bihar’s chief minister again.   Nitish Kumar’s experiment to ally with the Rashtriya […]

Bihar: Grand Alliance sweeps, opposition targets Modi

Bihar: Grand Alliance sweeps, opposition targets Modi

Patna, Nov 8 (IANS) Bihar Chief Minister Nitish Kumar’s Grand Alliance scored a stunning win on Sunday in the assembly elections, dealing a major blow to the BJP and sparking opposition attacks on Prime Minister Narendra Modi who led his party’s challenge in the bitterly contested battle.   A sombre Modi telephoned Janata Dal-United (JD-U) […]