Weekahead: Nifty could head towards 5850-5900
The elephant seems to be out of its slumber and the "animal spirit" unleashed. The govt has mustered the courage to take a couple of bold steps, a double digit percentage increase in diesel prices, reducing subsidy on LPG and FDI in retail and aviation. Currently we are in a scenario of moving from a situation of extremely pessimism to new found optimism, writes Ambareesh Baliga. Full Article
Diesel hike lesser of two evils for struggling carmakers
MUMBAI - India's first diesel price hike in more than a year clouds the only bright spot in the country's struggling car market, but carmakers will also be quietly relieved after lobbying hard against the gloomier alternative of a tax on diesel vehicles.
AITA bans Bhupathi, Bopanna for two years
The All India Tennis Association hands Mahesh Bhupathi and Rohan Bopanna a two-year Davis Cup suspension for their refusal to partner Leander Paes in London Olympics. Full Article
Taliban bomb kills 14 people in Pakistan
A roadside bomb planted by the Taliban killed 14 people in northern Pakistan on Sunday, when it blew up under a truck carrying villagers to a market near the border with Afghanistan. Full Article
Fury over Mohammad video simmers on
A wave of furious anti-West protests against a film mocking Prophet Mohammad abated, but U.S. policy in the Muslim world remained overshadowed by 13 minutes of amateurish video. Full Article
Stressed at work? Look out for your heart
People who have highly demanding jobs and little freedom to make decisions are 23 percent more likely to have a heart attack compared with their less stressed out colleagues. Full Article
Create a motivating vision
Expressing a clear, often simple and sensible, vision for your team that encourages autonomy is essential for effective leadership, says Harvard Business Review. Full Article
Latest Headlines
India allows FDI in retail: Key aspects
India opens its retail sector to foreign supermarkets, a major reform that has been stalled for months by political gridlock and came as part of a package of measures aimed at reviving growth. Full Article
Soros: The euro zone is about more than money
George Soros made headlines with a striking proposal that to save Europe, Germany must “lead or leave.” Outside Germany, it is becoming conventional wisdom that Europe will survive only if the Union’s behemoth provides more decisive leadership - and writes bigger checks. But Soros predicts that the Southern Europeans would do perfectly well without Germany. Commentary
INDIA INSIGHT
Bold move on diesel, but hold the rollback
Diesel accounts for more than 40 percent of India’s refined fuel consumption, and there is no doubt that the government's decision to raise diesel prices by 5 rupees per litre will hurt farmers, commuters, businesses, inflation and the common man in the near term. But sometimes, governments must make hard decisions that threaten the popularity of its ruling politicians. Full Article
BREAKINGVIEWS
SEBI's past haunts Sahara case
India's top securities regulator is under a cloud. Last year a former deputy to the chairman of the SEBI wrote to PM alleging that Upendra Kumar Sinha was going easy on the Sahara group. That puts SEBI, which has been tasked with overseeing the repayment of over $5 billion that Sahara raised from 30 million rural investors, in an awkward position. Full Article
Delhi's plastic bag and gutka ban: keep chewing it over
The Delhi government’s ban on plastic bags and gutka — the cheap mix of chewing tobacco and betel nut that you take for a quick high — is a welcome step, but it may be too soon to imagine city corners free of gutka “graffiti” and plastic-choked sewers. Making bans of bad things work depends on changing people’s habits. Full Article
Barfi!: The sweet life
Even before you see a single frame of Anurag Basu’s “Barfi!” you will get a sense of the movie, thanks to a quirky song which calls on you to switch off “both your mobiles and kids”. It also promises that the film will give you no “gyaan” (expressing opinion) and that it will tell you about “saccha pyaar” (true love). Full Article
BREAKINGVIEWS
New Delhi must stand its ground on diesel subsidy cuts
A 14 pct hike in the price of diesel may be the beginning of India's long-awaited economic reforms. Now it needs to stay the course. A shift in public spending from consumption to investment is the ultimate goal. The Congress Party-led government has waited for too long to give the economy a kick-start. Full Article
Italian magazine plans 26-page special on topless Kate photos
An Italian gossip magazine plans to publish on Monday a special edition dedicated to topless pictures of the wife of Britain's Prince William, its editor said, defying risks of legal action. Full Article
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