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Asian Shares Soft, China Slowdown Fears Resurface

Chinese shares led Asia markets down on Monday, as concerns about slower growth in the world's second-biggest economy checked risk appetite and took a large slice off Australian equities.

May 19, 2014

RBI Buying Dollars to Halt Rupee Gains - Traders

The Reserve Bank of India was spotted buying dollars via state-run banks starting around 58.47, which was the rupee's strongest level in 11 months, three traders said.

May 19, 2014

Gold Slips on Economic Optimism; Platinum Adds to Gains

Gold extended losses to a third straight session on Monday as U.S. data pointed to strong economic growth, while platinum group metals continued to add to gains on supply worries from South African labour strikes.

May 19, 2014

In his last address to the nation, PM Manhoman Singh has said that he tried his best in serving nation.

With a Dubious Legacy, the "accidental" Premier Bows Out

When it was clear that he was set for a stunning election victory last week, Narendra Modi sent a message that read simply "India has won": It instantly set a record as the country's most retweeted Twitter post.

May 19, 2014

Modi Grapples with First Challenge - Filling his Cabinet

India's prime minister-to-be Narendra Modi was huddled in discussions with close aides and advisers on Sunday, finalising the names of people to join his cabinet and grappling with the crucial decision of who will be his finance minister.

May 19, 2014

Members of the Bangladesh Navy recover the body of a passenger from the capsized M.V. Miraj 4 ferry by the Meghna river at Rasulpur in Munshiganj district

Bangladesh Prepares to Find Scores of Bodies in Capsized Ferry

Rescue workers in Bangladesh expected to find scores of bodies on Saturday trapped between the decks of river ferry that capsized two days earlier with around 200 people on board.

May 17, 2014

four-engineering-students-drown-in-west-bengal

Narendra Modi to attend 'Ganga Aarti' in Varanasi today

Varanasi, May 17 (ANI): A day after the declaration of Lok Sabha election results, BJP’s Prime Ministerial candidate Narendra Modi will on Saturday visit Varanasi to thank people for their support. Varanasi is the second Lok Sabha constituency from which he won handsomely. Party leader said that Modi will fly into the temple town from New Delhi after the BJP's parliamentary board meeting and will reach Varanasi in the evening. He will proceed straight to the Kashi Vishwanath temple and then address a public rally before taking part in the Ganga Arti on the bank of the river Ganga.

May 17, 2014

An employee counts rupee notes at a cash counter inside a bank in Kolkata.

Rupee Sees Best Week in Eight Months; Hits 11-month High

The rupee strengthened to its highest level in 11 months on Friday and posted its best weekly gain in eight months as the Bharatiya Janata Party and its allies headed towards an overwhelming majority in the country's elections, sending shares to record highs.

May 17, 2014

People walk past the Bombay Stock Exchange (BSE) building in Mumbai (Reuters)

Sensex Hits Record High above 25,000; BJP to Face Key Investor Tests

The BSE Sensex and Nifty surged to record highs while the rupee strengthened to an 11-month peak against the dollar on Friday as the opposition Bharatiya Janata Party led by Narendra Modi swept to a resounding majority in the world's largest election.

May 17, 2014

A supporter of BJP waves the party flag during celebrations after learning of initial poll results outside the party headquarters in New Delhi

Five Challenges for Modi's New Government

A landslide election victory for Narendra Modi's Bharatiya Janata Party (BJP) has created euphoria in India's financial markets, driving shares to life-time highs and the rupee to its strongest level against the dollar in 11 months.

May 17, 2014

Modi Faces Mammoth Task to Meet India's Expectations

About a year ago Narendra Modi sat down with some of India's best and brightest to mount what one election strategist called a "shock and awe" campaign.

May 17, 2014

nitishs-resignation-is-partys-decision-new-leader-will-be-elected-soon-sharad-yadav

BSE closes points 216.14 up on May 16

New Delhi, May 16 (ANI): Trading at the Bombay Stock Exchange today closed 216.14 points up to stand at 24,102.52. At the National Stock Exchange the Nifty closed 79.85 points up to stand at 7,198.05. Indiabulls Real Estate and Sobha Dev were among the top gainers of Group A with an increase of 19.00% and 11.99% along with Punjab National Bank and Reliance Capital with an increase of 11.77% and 11.05% respectively, while the top losers of Group A include Financial Technology and Tata Steel with a decrease of 5.00% and 4.68% along with Dabur India and Cadila Health with a decrease of 3.83% and 3.64% at the close of the markets. The Auto sector is up 124.26 points at 14,230.62 while the banking sector is up 714.62 points at 16,994.36 and the realty sector is up 90.41 points at 1,605.57. The Indian currency is down 0.31% at Rs 58.98 per dollar.

May 16, 2014