The fragile ceasefire between Thailand and Cambodia is hanging by a thread. Despite a Malaysia-brokered deal backed by the U.S. and China, tensions remain high. Thailand is holding nearly 20 Cambodian soldiers it claims were captured during a failed assault, while Phnom Penh insists the troops were seized during a peaceful post-ceasefire approach. With 43 killed and over 300,000 displaced in just five days of clashes, the dispute is now shifting to high-level military talks set for next week. Will the region step back from the brink?
Citi Investment's John Woods feels that the Indian market is currently hunting for structural reforms. He is not buying it now, but is hopeful of inflation coming down towards December.
RJIL is only company to have pan-India 4G spectrum. The company said it has received a Letter of Intent from the Department of Telecom for award of the new telecom permit, the Unified Licence, and it has complied with requirements, including payment of the entry fee.