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Mar 31, 2014
via India Insight

Markets this quarter: Sensex gains 5.7 percent, L&T surges 19 percent

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By Aditya Kalra and Sankalp Phartiyal

Indian shares posted record highs in March as strong foreign buying sent blue-chip stocks such as Larsen & Toubro higher and boosted overall investor sentiment ahead of a general election.

Provisional data showed foreign investors bought shares worth more than $3 billion in March, pushing the BSE Sensex to a life high of 22,467.21 points on the last trading day of the quarter. While the index rose 6 percent during the month, it rose 5.7 percent in the Jan-March period.

Mar 21, 2014
via India Insight

Markets this week: M&M, GAIL top Sensex losers

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By Sankalp Phartiyal and Ankush Arora

India’s benchmark indexes ended lower this week after scaling fresh peaks on Tuesday. The Sensex ended the week down 0.26 percent in its second consecutive week of falls. Indian markets were shut on Monday for a public holiday.

While strong buying by foreign investors bolstered blue chips, profit-booking and worries U.S. interest rates would rise sooner than expected kept shares under pressure.

Mar 5, 2014
via India Insight

Key dates in India’s election history

Voting for the 2014 general election will begin on April 7, the Election Commission said on Wednesday.

(For facts and figures on the 2014 election, click here)

Here is a timeline of key dates in India’s election history:

1947 – Jawaharlal Nehru, one of the founding fathers of independent India, becomes the country’s first prime minister. His appointment starts a long period of political dominance of the Congress party and the country’s most powerful dynasty, the Gandhi-Nehru family.

Jan 23, 2014
via India Insight

Interview: AAP’s Yogendra Yadav defends Delhi protests, blames media

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By Aditya Kalra and Sankalp Phartiyal

Senior Aam Aadmi Party (AAP) member Yogendra Yadav on Wednesday defended his party’s protest against the police on the streets of New Delhi and blamed the media for “unsympathetic” coverage.

Arvind Kejriwal, the leader of the AAP, or “common man’s party”, ended his planned 10-day dharna” after two days on Tuesday.

Jan 17, 2014
via India Insight

Markets this week: Sensex up 1.5 percent; BHEL, Infosys jump 5 percent

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By Ankush Arora and Aditya Kalra

The BSE Sensex gained 1.5 percent this week, its first weekly gain in 2014, as easing headline inflation data raised hopes the Reserve Bank of India would keep interest rates unchanged at its Jan. 28 meet.

Headline inflation eased to a five-month low of 6.16 percent in December on lower prices of vegetables. This was the slowest pace of growth since July 2013 and below economists’ expectations of 7 percent.

Jan 14, 2014
via India Insight

India won’t have misfortune of having Rahul Gandhi as PM: AAP’s Kumar Vishwas

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By Sankalp Phartiyal and Aditya Kalra

The Aam Aadmi Party’s Kumar Vishwas, who plans to challenge the Congress party from the Gandhi family’s bastion in Uttar Pradesh, said it would be unfortunate if Rahul Gandhi became India’s prime minister.

Vishwas’s remarks came as Gandhi suggested in a rare interview published on Tuesday in the Dainik Bhaskar that he was ready to be prime minister if the Congress returns to power in the 2014 general election due by May.

Jan 6, 2014
via India Insight

Interview: BJP’s Harsh Vardhan slams AAP-Congress alliance in Delhi

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By Aditya Kalra and Sankalp Phartiyal

India’s Congress party and the upstart Aam Aadmi Party (AAP) entered an “unholy alliance” to share power in Delhi following state elections in the national capital, the chief ministerial candidate of the Bharatiya Janata Party (BJP) said in an interview on Dec. 31.

Harsh Vardhan, who lost the race for chief minister of the capital region to AAP founder Arvind Kejriwal, said he thinks that the Congress party and the AAP had “some sort of understanding” before the elections. He offered no proof. Spokesmen for the AAP and the Congress party denied these charges.

Dec 31, 2013
via India Insight

Sensex performers in 2013: TCS surges 73 percent, Sun Pharma gains 54 percent

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By Aditya Karla and Sankalp Phartiyal

The BSE Sensex ended 2013 with gains of 9 percent after hitting life highs during the year. The benchmark index touched an all-time high of 21,483.74 on Dec. 9 after falling to a 2013 low of 17,448.71 in August.

Foreign inflows boosted sentiment on the street even as concerns about a slowing economy and high inflation weighed. Foreign institutional investors (FIIs) bought a net $20.1 billion worth of Indian shares in the year. FIIs had bought $24.5 billion worth of stocks in 2012.

Dec 28, 2013
via India Insight

Bollywood actor Farooq Shaikh dies at 65

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Farooq Shaikh, the actor who embodied Everyman in Hindi films of the 1980’s and portrayed many memorable characters on screen, died in Dubai on Saturday. He was 65.

Shaikh is best known for his roles in films such as “Katha”, “Saath Saath” and “Chashme Buddoor”, where he straddled both commercial and art house cinema successfully.

Dec 13, 2013
via India Insight

Markets this week: Sensex falls 1.3 percent, BHEL slumps nearly 10 percent

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By Ankush Arora and Aditya Kalra

The BSE Sensex fell 1.3 percent in the week ending Dec. 13 after high retail inflation raised fears of a rate hike. Eight of 10 analysts in a poll on Friday said they expected the central bank to raise the repo rate by 25 basis points to try and tame stubbornly high inflation.

Before falling for four consecutive sessions from Tuesday, markets touched life highs on Monday. The BSE Sensex touched 21483.74 after sentiment on the street was boosted by the Bharatiya Janata Party’s win in three of five state elections.