This refers to Abheek Barua’s column “What Obama means for the markets” (World Money, November 12). US President Barack Obama’s victory is good news for India. His past visit to India was crucial for strengthening bilateral ties between India and the US. Also, Obama has eased the export controls on dual-use technology. As a result, the country’s big entities, the Defence Research and Development Organisation and the Indian Space Research Organisation, will benefit from the technologies from the US. Obama’s previous announcement of deals worth $10 billion with the American companies was also a breakthrough on the business front.
P Senthil Saravana Durai Mumbai
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This refers to the report “UBS fined $47.5 million in rogue trading scandal” (November 27). Despite robust internal controls and risk management ...