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After a roller-coaster year, Indian indices set to end 2016 with little gains Breaking News   - The year 2016, indeed, has been a year of many surprises. From Britain’s unexpected vote to exit the European Union to Republican candidate Donald Trump’s upset victory in the US Presidential election, from Raghuram Rajan’s decision of not seeking a second term as the Reserve Bank of India (RBI) governor to India’s sudden surgical strike on Pakistan – the Indian stock market dealt with all these shocks through   Markets 2016 . The biggest of them all, however, was the government’s call towards the end of the year to demonetise Rs 500 and Rs 1,000 currency notes. After 12 months of a roller-coaster ride, the market now seems poised to end the calendar year at almost the same level as at the start of 2016. As at close on Tuesday, the BSE benchmark Sensex was merely 96 points, or 0.4%, higher at 26,213.44, and the broader National Stock Exchange Nifty was up 86 points, or 1%, a...

PM leads fight against safe havens at G20 The   G20   leaders on Monday committed to roll back protectionist measures by end-2018 to boost free trade but the Summit, held in the shadow of Britain's vote to exit the European Union, fell short of taking concrete measures in defence of globalization and against isolationism. On the concluding day of the two-day summit, Prime Minister   Narendra Modi   asked fellow G20 leaders to act decisively to eliminate safe havens for economic offenders, unconditionally extradite money launderers and end excessive banking secrecy. In a reference to Pakistan, Modi said "one single nation in South Asia" was spreading terror in the region. In another of the thematic sessions at the Summit, the PM spoke about India's support to a trade facilitation agreement (TFA) for services, a move that will help in movement of professionals. In his meeting with UK PM Theresa May, their first after the Brexit vote, Modi said her country'...

Brexit impact: 10 things to know about the political storm in UK Even as   Britain   is coming to terms with its electorate’s vote to exit the   European Union (EU), political turmoil in the UK has escalated too. While the European Union has asked UK to initiate the exit process swiftly, Scotland could throw a spanner in the works as it had voted to ‘remain’ in the EU. Meanwhile, the Labour Party is facing a revolt from its senior leaders, even as uncertainty prevails over Prime Minister David Cameron’s successor. Cameron quit the day the results of the   Brexit   referendumcame in, leaving it to his successor to deal with what will likely be a messy exit. Here are 10 things to know about the political crisis that has hit the UK. Scotland's threat Scotland is said to be considering a referendum to be independent from UK if Britain actually manages to exit the EU. The move is said to be under consideration after the nation voted to ‘remain’ in the E...

Brexit: EU referendum voting gets undeway in UK Polling stations across the United Kingdom opened on Thursday morning to decide the historic   referendum   on whether the country should remain a member of the European Union   or leave the politico-economic union of 28 member states. The   voting   will take place between 7 a.m. and 10 p.m. local time. The national referendum is the third in UK history and comes four months after battle for votes between the 'Leave' and 'Remain' campaigns. Prime Minister David Cameron criss-crossed the country in a final effort to warn Britain's voters against rejecting the   EU   in the historic poll yesterday. This decision will also read as a referendum on his premiership. Last night, he was joined by former prime ministers Gordon Brown and Sir John Major, the Liberal Democrat leader, Tim Farron, and the Green MP Caroline Lucas, at events in Bristol and Birmingham, reports the   Guardian . The ...