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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...

Brazil launches Olympic anti-terrorism campaign Brazil   has launched an awareness campaign designed to foil terror plots during the Rio Olympics   in August. "It's a simple, informative campaign without calling for hysteria," defence ministry official Luiz Felipe Linhares said in a statement on Tuesday, Xinhua news agency reported. The South American country is not a traditional terrorist target and the government hopes the initiative will reduce Rio's vulnerability to possible attacks. The campaign involves the distribution of brochures, posters and booklets explaining how to identify people engaging in suspicious activity, officials said. "Our country has never faced this type of threat so we need to make sure that people are more alert," Brazilian defence force   anti terrorism   chief, Mauro Sinott said. "The message that we want to pass on is that if you think a certain situation is suspicious, it is because it is in fact suspiciou...

Olympics could be big failure amid crisis: Rio Governor Rio de Janeiro's interim Governor Francisco Dornelles has admitted the upcoming Olympic   Games   could be a "big failure" if there were no appropriate measures taken in regards to security and transport. Dornelles declared an unprecedented "state of public calamity in financial administration" earlier this month with less than 50 days until the opening ceremony, which could threaten "the fulfilment of the obligations as a result of the Olympic and Paralympic Games   Rio 2016 ", Xinhua news agency reported. Brazil's   federal government   has already reportedly agreed to disburse federal funds to cover Rio's shortfall, prioritising any projects considered necessary for the Games. However according to Dornelles, the funds have not yet reached the state. Dornelles also warned that due to lack of money, the police patrols may came to a halt by the end of the week. "I am o...