With India's oil production at less than 20% of consumption the windfall tax defies logic
Global equities are in rude health, paying more attention to positive macro data coming out of the US and Europe.
Somewhere along the line in the past thirty months, India cleaved into two, a second partition, a quiet but neat bifurcation that changed no maps, displaced no people and created no new countries.
A green NGO today criticised Prime Minister Manmohan Singh's statement that issues like genetically modified food or nuclear energy cannot be settled by faith, emotion or fear but by structured debate.
Christopher Palmer, Henderson Global Investors, says that today, investors will be looking for a green light from the politicians for the bond purchase program. Skeptics will look for more indications that structural reforms in Europe are also on the agenda or have been agreed to behind the scenes.
West Bengal chief minister Mamata Banerjee on Thursday continued to be defiant and stuck to her stand on the judiciary. She repeated her comment against the judiciary made in Assembly last week.
Thailand's government is up in arms over a tweet by pop sensation Lady Gaga about buying a fake designer watch in a Bangkok street market and has complained to the United States.
Bollywood celebrities took to Twitter to vent their ire over the steepest ever hike in petrol prices with many cracking jokes and taking jibes at the government's decision.
CNBC-TV18‘s managing editor Udayan Mukherjee says that it was a disappointing session because in the morning it looked like the market was in pullback mode and then Europe opened up well.