News behind the lens
News behind the lens
A waiter carries a plate of upma at a restaurant in Mumbai
Energy major Reliance Industries, India's most valued company that also runs supermarkets, plans to enter the fast-food business next year, a business daily reported on Monday.
The company, controlled by Mukesh Ambani, India's richest man, is exploring a model on the lines of international chains McDonald's and Dominos Pizza, with a standardised menu and delivery service, the newspaper said.
A woman walks past the Essar headquarters building in Mumbai
The CBI filed fraud and criminal conspiracy charges against five executives at Essar Group and Loop Telecom on Monday, court documents seen by Reuters showed.
The latest charges are part of a sprawling investigation into a multi-billion dollar telecoms case that has rocked India's political establishment.
Activists from Bharatiya Janata Party (BJP) hold placards while taking part in a protest against government's decision to allow Foreign Direct Investment (FDI) in the retail sector, in New Delhi
Fallout from a botched attempt at retail reform, a weak economy that has some analysts muttering darkly about India's balance of payments, a renewed threat of street protests and looming state elections that mean progress on tough reforms are unlikely, are the major risks to watch as the year ends in the world's largest democracy.
RATINGS (Unchanged since November unless stated):
A motorist stands outside of his car at a Chevron gas station in Buckeye, Arizona
Brent crude slipped below $108 per barrel on Monday as investors worried a European agreement on closer fiscal union might not be enough to contain the region's debt crisis or support growth.
The euro, European stock markets, gold and base metals tumbled, while the dollar and German bund futures, seen as a safe haven from the turmoil surrounding highly-indebted euro zone governments, rose.
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