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Stocks soar on continued optimism after Modi win

Mumbai/ New Delhi, May 19 (ANI): Bombay Stock Exchange and Nifty were trading higher on Monday as optimism continued after Narendra Modi-led BJP won a majority in the country's elections. Although both indexes are well below the record highs hit on Friday, when the Nifty gained as much as 1.2 percent before pulling back, brokers continue to raise their targets for the year. Overseas investors bought Indian shares of worth 36.34 billion rupees ($615.6 million) on Friday, marking their biggest single-day purchase since March, provisional exchange data shows. In financial capital Mumbai, stock market expert Sunil Shah said the upcoming new government was fuelling the stock value to new highs. May 19, 2014
Pfizer raises bid for AstraZeneca to $117 billion

Pfizer Raises Bid for AstraZeneca to $117 Billion

U.S. drugmaker Pfizer said on Sunday it had raised its offer for British rival AstraZeneca to 69.3 billion pounds ($116.6 billion), or 55 pounds a share, and would walk away if AstraZeneca did not accept it. May 19, 2014
Asian Shares Bounce from 4-week low

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
Narendra Modi

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

DRCongo artists look for a local audience

Many young artists in the Democratic Republic of Congo are trying to make a living out painting, design or sculpture, but they struggle to gain recognition at home, and mostly rely on foreign art-lovers to buy their works. Duration: 02:12 May 17, 2014
Narendra Modi

Election Landslide to Embolden Modi on World Stage

If prime minister-elect Narendra Modi can revive a faltering economy, as his people clearly believe he can, India may finally be able to deal with overseas allies, foes and rivals from a position of strength. May 17, 2014
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