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As the world's largest democracy braces itself for the results of the ongoing general elections, due May 16, Indian equities already seem to be pricing in the verdict of the nation's 1.3 billion people. This, on expectations that Narendra Modi, the prime ministerial candidate of the main opposition party, the BJP, will head the next federal government.
The issue of reopening 418 bars in Kerala has caused a new tangle for the Congress as consensus within the party on this issue continues to elude, and the government is getting ready for a massive anti-liquor campaign.
India's $360 million imports of synthetic butyl rubber, used mainly to make tyres, may soon be rendered unnecessary after a Russian joint venture with Reliance Industries starts production end-2015, a top official has said.