The Sensex ended up 380 points at 27,888 and the Nifty advanced 111 points to end five points shy of 8,400.
Raghuram Rajan joked he wasn't expecting to win any votes or Facebook 'likes' in the position.
Heavy rains in the last three days triggered flash floods in parts of Bihar, where 41 people have died so far, and inundated large areas in Assam and North Bengal, paralysing normal life and snapping rail link to the Northeast from the rest of the country.
A K Bhattacharya deciphers Prime Minister Narendra Modi's first cabinet reshuffle.
In 28 months, Manohar Parrikar as defence minister developed easy relationships with the top brass of the three Services as was rarely ever witnessed before. He threw caution to the winds and managed to pull the forces out of a downward spiral in operational capabilities.
'The border standoff, if not properly addressed by both sides, could escalate to a conventional or sub-conventional conflict between India and China,' predicts Srikanth Kondapalli, one of India's leading China experts.
New Delhi's decision not to call for a flag meeting underlines its conviction that the military cost will soon become too high for Pakistan.
United States Defense Secretary Chuck Hagel will visit New Delhi next week during which he will hold talks with his counterpart Arun Jaitley and other top officials, aimed at "nurturing" ties with India after the formation of the new government, a top Pentagon official has said.
'The regional context and the personal ties between Modi and Japanese Prime Minister Shinzo Abe to a large extent contributed to this dawn of a new era in bilateral relations,' says Srikanth Kondapalli.
Hundreds others were wounded many of whom received bullet and pellet injuries and are undergoing treatment in various hospitals.
The government has also announced a slew of measures to ease cash flow for the rural sector.
It is a fight for survival for the Nationalist Congress Party in Maharashtra, which has been its citadel. In an interview party President Sharad Pawar speaks on the NCP's prospects and how the Bharatiya Janata Party is exploiting Narendra Modi's popularity in the state assembly elections.
The opposition battled it out with the Centre over farmer issues, the suspension of 6 MPs and the privileges of MPs.
'We are no longer striving for a strategic partnership. We have arrived at one.'
The extended Winter session of Parliament got off a stormy start on Wednesday with uproar over the Telangana and caste-reservation issue stalling proceedings.
Media sources identified the soldiers, who belonged to the 21 Bihar Unit, as Naik Prem Nath Singh, Lance Naik Shambhu Saran Ray, Vyay Kumar Ray, Raghunandan Prasad and Naik Pundalik Mane
The new system will allow all government employees to mark their attendance from any central government department, by entering a six-digit unique number, besides finger prints or iris scan.
'The Chinese forces in the narrow Chumbi Valley are currently in the line of sight and fire of Indian forces poised on the ridges along the Sikkim-Tibet border.' 'Aware of this vulnerability, the Chinese have been eyeing the Doklam plateau,' explains national security expert Nitin A Gokhale.
Congress Vice President Rahul Gandhi on Thursday launched a scathing attack on Prime Minister Narendra Modi, asking him to bring back former Indian Premier League chief Lalit Modi to face the law.
Mr Jaitley should devise methods to attract better talents at the higher level.
The maharaja's win in Punjab after 10 years has also rekindled the hopes for the revival of the grand old party.
Bank shares were the top losers after sharp gains last week.
The Economic Survey called for improving business environment.
Former India captain Bishan Singh Bedi is well aware that it is a near-impossible task for him to beat Sneh Bansal in the Delhi & Districts Cricket Association's presidential elections on December 30, but he is not ready to go down without a fight against the "shameful activities" of the current regime.
Month end dollar demand from oil importers has forced rupee to trade weak.
The Indian State does not believe in the rule of law. It does not even recognise the need to follow treaties that it itself signed. And so it is refusing to shell out to Cairn; and, as a consequence, has brought on the Paris humiliation, notes Mihir S Sharma.
The Congress stalwart could not have asked for a better gift on his 75th birthday.
Govt reconstitutes body, says will not interfere in senior PSB appointments
Many BJP leaders are of the view that most key members of the previous Cabinet could be retained.
This was the one Budget that required radical departures on all these fronts, when it had none, asserts, Shreekant Sambrani.
Nirmala Sitharaman has a God given opportunity to orchestrate a transformation in India's defence capabilities. One hopes she has her own counsel and does not overly let the PMO run her ship, says Group Captain Murli Menon (retd).
Eminent business journalist and author Tamal Bandyopadhyay discussed Budget with rediff.com readers on Tuesday.
Full list of the rejigged Union Council of Ministers
The AgustaWestland issue was fiercely debated in the Rajya Sabha on Wednesday with members of the Bharatiya Janata Party and Congress blaming each other.
NDA government has shunned populism.
'You can accuse him of many things but one thing you cannot accuse him of is being bad at politics,' says Aakar Patel.
The rejig may take place before the assembly election results for Assam, Kerala, West Bengal, Tamil Nadu and Puducherry.
What is the National Herald case all about? Here's a ready reckoner.
In putting the country's economy back on the rails, it is best that Narendra Modi and Arun Jaitley draw on grass-roots feedback and their own practical sense and native wisdom without allowing themselves to be sucked into the quicksand of economic punditry, says B S Raghavan.
'What is the ISI doing and why can't they understand for their own interest that bringing stability to the region will help all the countries become prosperous, whereas a continuation of incitement will only lead to misery for all.'
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