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Markets slip into red, rebounds

Markets have recovered after a brief drop into the red.

Who reads Amar Singh's tweets?

After forcing Amar Singh to resign from all key posts of the party, the Samajwadi Party (SP) leadership has decided to ignore Singh completely. Singh is still blogging relentlessly against the party leaders on Twitter. But SP is unperturbed. “Who has the time to read those tweets? That will hardly create any impact,” quips Ramgopal Yadav, party chief Mulayam Singh Yadav’s brother and an SP general-secretary. What about a rebel Singh’s presence in the Rajya Sabha during the Budget session? The SP leadership has an answer. “The party will decide who will participate in debates and Singh is unlikely to get a chance to talk,” said a senior SP leader.

Sun shines as Taro shareholders slam board re-election

In a major boost to India"s Sun Pharma, which is locked in a takeover battle with Taro, shareholders of the Israeli drug firm today rejected a proposal to re-elect directors.