Speculations about Narendra Modi becoming the next Prime Minister of India are rife with Exit polls predicting a clear victory for BJP. The last time NDA government came into power, AIADMK leader Jayalalithaa had put the government in a fix by walking out of the coalition and derailing the government at the Centre.

But in a rather turn-around of sorts, Jayalalithaa has kept all her options open and had a private meeting with her party leaders over possibility of a BJP led NDA government at the Centre.

The Election Commission (EC) has given a compensation amount of Rs10 lakh to the family of Anant Sawale, the teacher who died while on election duty last month. The payment was handed over through the Thane district collectorate.

Sawale, 45, who was employed at Takshashila Vidyalaya in Ulhasnagar, apparently complained of unease, but was asked to continue on duty. He was later hospitalised, but passed away the following day.

It was a farewell dinner that created news, more for party Vice-President Rahul Gandhi absenting himself than Prime Minister Manmohan Singh, in whose honour it was given.

Congress President Sonia Gandhi hosted a dinner for the outgoing PM and wife Gursharan Kaur at her residence, 10, Janpath.

Tata Steel, India’s largest steel producer, on Wednesday announced a net profit of Rs 1,040 crore for the quarter ended March, against the Street’s estimate of Rs 920 crore. In the corresponding period last year, the company had posted a loss of Rs 6,530 crore.

The company managed to beat market estimates due to higher volumes, amid an improvement in domestic business and a revival in demand in Europe.

In corporate circles, an arbitration clause in a contract is viewed as a fire extinguisher. You use it when a fire breaks out and nothing else works. However, while frequent use of fire extinguishers would douse a fire, it also points to a deeper malaise in the system.

India Inc has been increasingly seeking recourse to arbitration as a last resort. Nokia, Vodafone, Reliance Industries with BP and Niko have all, in the past one month, given notices invoking investment treaties or going for arbitration against the government.

HYDERABAD: Two people were killed and nine injured on Wednesday when police opened fire to disperse two clashing groups in Hyderabad, police said.

Curfew was imposed to bring the situation under control in Sikh Chowni in Kishan Bagh under the limits of Rajendernagar police station, a part of Cyberabad police commissionerate.

New Delhi: Pakistan has told two Indian journalists based in Islamabad to leave the country by 20 May without giving an explanation for the expulsion, a person close to the development said on Wednesday.

The Press Trust of India news agency and The Hindu newspaper have a journalist each stationed in Islamabad.

The momentum is building up for the $86-billion Indian IT services export industry with healthy demand for outsourcing and offshoring from its key markets like US and western Europe. This buoyancy has created a kind of disruption among the top-tier Indian IT services companies and much will depend on each firm’s strategy to grab the market opportunity.

Reliance Industries Chairman Mukesh Ambani’s skyscraper residence in Mumbai is the most expensive billionaire home in the world, according to a Forbes list which also includes Indian-origin steel tycoon Lakshmi Mittal’s houses in London.

Ambani’s 27-story, 400,000-square-foot skyscraper home Antilia named after a mythical island in the Atlantic, tops the Forbes list of the most expensive homes in the world.

Rapid MetroRail commuters here will have access to free wi-fi services on all trains running on the 5.1-km long six-station corridor starting today.

Sistema Shyam Teleservices, which operates under MTS brand name, has partnered with Rapid MetroRail Gurgaon Ltd for providing this service.

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