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Narendra Modi - Barrack Obama

Obama Invites Modi to Visit U.S. Despite Past Visa Ban

U.S. President Barack Obama congratulated Narendra Modi on his election victory on Friday and invited him to the White House, even though he was barred from the country less than 10 years ago over massacres of Muslims. 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
Narendra Modi

India Inc's Reaction on Narendra Modi Victory: FICCI and ASSOCHAM Expect Bold Economic Reforms

India Inc has expressed happiness over the clear mandate given to the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) to form the government at the Centre, confiding that a stable government will pave the way for healthy economic growth by taking bold economic reforms. FICCI and ASSOCHAM are hopeful that Narendra Modi would bring about big changes to the country. May 16, 2014
Narendra Modi

Modi Wins Election by a Landslide

Opposition candidate Narendra Modi will be the next prime minister of India, with counting trends showing the pro-business Hindu nationalist and his party headed for the most resounding election victory the country has seen in thirty years. May 16, 2014
A customer hands a bundle of Indian Rupee currency notes to a teller at a financial institution in Mumbai (Reuters)

State Banks to Seek Market Funds on Modi Growth Hopes

State banks plan to tap capital markets for billions of dollars after a new government takes office, executives and bankers say, betting on a revival in credit demand and giving them a chance to shore up battered balance sheets. May 16, 2014
Narendra Modi

Vote Count puts Modi on Course for Resounding Win

Early counting of results in India's general election put opposition leader Narendra Modi on course for a resounding victory that would hand him a clear mandate for his agenda to revive growth and create jobs. May 16, 2014
Narendra Modi

Modi on Brink of Power as India Vote Count Begins

Counting of votes began on Friday after India's mammoth election, which could usher in the most profound economic change in a generation if opposition leader Narendra Modi wins a clear mandate for his agenda to revive growth and create jobs. May 16, 2014
A customer hands a bundle of Indian Rupee currency notes to a teller at a financial institution in Mumbai (Reuters)

Rupee Hits Near 10-month High, Biggest Gain in Three Weeks

The rupee strengthened to its highest level in about 10 months on Thursday, while also posting its biggest single-day gain in nearly three weeks on the back of sustained dollar inflows into domestic shares ahead of election results. May 15, 2014
HSBC London Office

HSBC says Bonus for Chairman Capped at 1 Million Pounds

Banking group HSBC Holdings Plc (HSBA.L) has attempted to head off investor criticism over a new pay plan, capping any share bonus for its Chairman Douglas Flint this year at 1 million pounds ($1.7 million) and saying it would be a one off. May 15, 2014
Pfizer

AstraZeneca Leaves Door Ajar to Pfizer, Despite Hurdles

AstraZeneca's boss said on Wednesday he would engage with Pfizer if the price was right and the risks posed from forcing the British drugmaker's operations into the U.S. company's new three-unit model were addressed. May 15, 2014
political-leaders-remain-affirmative-as-counting-begins

Qatar to end sponsorship system for foreign workers

Qatar, which will host the 2022 football World Cup, said Wednesday it will abolish its controversial sponsorship system for foreign workers as international criticism mounts over their treatment. Duration: 01:07 May 15, 2014
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