A customer walks out of a State Bank of India (SBI) branch in Mumbai March 31, 2015.  REUTERS/Shailesh Andrade

Stock options, new blood as state banks change

State Bank of India , the country's largest lender, may offer employee share options, recruit specialists and promote faster - radical changes that promise to shake up a bloated, debt-heavy sector.  Full Article 

Asian stocks sag, dollar falls vs yen as Nikkei recoils 8:44am IST

TOKYO - Asian stocks sagged on Wednesday, taking their lead from weaker U.S. shares, while the dollar slid against the yen as Tokyo's Nikkei recoiled in volatile trade.

Labourers work along the construction site of a road at Ghilot in Rajasthan, October 1, 2014. REUTERS/Adnan Abidi/Files
Land Reforms

Cabinet clears ordinance to extend land reforms

The Cabinet cleared a new ordinance on land purchases on Tuesday, government officials said, extending measures to make transactions easier that PM Narendra Modi has been unable to get onto the statute book. The decree, which needs the president's signature to take effect, represents a temporary workaround after opposition parties blocked the legislation in the Rajya Sabha.  Full Article 

Kashmiri villagers carry the body of a victim, who died after a hillside collapsed onto a house at Ledhan village, west of Srinagar March 31, 2015. REUTERS/Danish Ismail
Natural Disaster

Heavy rains, landslide leave 17 dead in Kashmir

Heavy rains and a landslide in the Himalayan region of Kashmir killed 17 people, police said on Tuesday, as authorities continued working to rescue stranded villagers, with unseasonal rains raising fears of flash floods in the mountainous north.  Full Article 

International TV cameras stand ready outside the Beau Rivage Palace Hotel during the Iran nuclear programme talks in Lausanne March 31, 2015.  REUTERS/Ruben Sprich

Iran nuclear talks miss deadline

Six world powers and Iran missed a Tuesday deadline to reach an outline accord reining in Tehran's nuclear programme, extending talks into an extra day as they edged toward a deal but failed to agree crucial details such as the lifting of U.N. sanctions.  Full Article 

A broker monitors share prices while trading at a brokerage firm in Mumbai May 13, 2014. REUTERS/Danish Siddiqui/Files
Bad Memories

Private equity funds go slow in India

A number of private equity investors are giving India a wide berth, put off by soaring valuations. Indeed, they are still trying to exit expensive investments made months before the 2008 global crisis erupted. So far this year, there have been 76 private equity investments in India, according to Thomson Reuters data. If sustained, it would be the third straight year of decline.  Read | Graphic: Private equity investments 

Malaysia's leader of the opposition Anwar Ibrahim leaves court during his final appeal against a conviction for sodomy at the Palace of Justice in Putrajaya November 4, 2014.  REUTERS/Olivia Harris/Files

Malaysia rejects royal pardon for jailed leader

Malaysia has rejected a petition seeking a royal pardon for jailed opposition leader Anwar Ibrahim, who is serving a five-year prison term for sodomy, court officials and his lawyers said on Wednesday. The petition was filed by Anwar's family in February after his sentence was upheld by Malaysia's highest court.  Full Article 

Mar 31, 2015; Key Biscayne, FL, USA; Andy Murray hits a forehand against Kevin Anderson (not pictured) on day nine of the Miami Open at Crandon Park Tennis Center. Geoff Burke-USA TODAY Sports

Djokovic sweats it out to reach Miami quarters

Defending champion Novak Djokovic survived a scare from Alexandr Dolgopolov to reach the Miami Open quarter-finals while Andy Murray won the 500th match of his career to reach the last eight.  Full Article 

Latest Headlines

News, Views and Expert Opinion with Ankush Arora
    Una Galani

    India’s boardroom diversity drive has weird result

    India’s effort to break the old boys’ club is producing bizarre outcomes. Tycoons have responded to a requirement that they have at least one female board member by April 1 by appointing their wives and even stepmothers as directors. India’s corporate governance has room for improvement and gender diversity at the top can improve financial returns. But mandating change isn’t the answer.  Full Article 

    Mohamad Bazzi

    How Yemen became the front line of a Mideast-wide war

    In the early morning of Mar. 26, Saudi Arabia went to war against the Houthi rebels in Yemen. In doing so, Saudi leaders opened the latest chapter in a long history of meddling and influence over their southern neighbor. Since Saudi Arabia was founded in the 1930s, its leaders have tried to keep a friendly regime in power in Yemen and to prevent it from posing a threat to Saudi interests.   Opinion 

    Vikas Purohit

    Indian designers will create new products for online shoppers: Amazon India fashion head

    The e-commerce industry in India is expected to cross $100 billion in the next four years. Can designer wear be successful in the medium that attracts many of its users because of discounts? Vikas Purohit, head of fashion at Amazon India, foresees the country’s top designers creating products especially suited to online retail.  Full Article 

    Cinderella

    Cinderella’s new moral: Be rich or be a pumpkin

    Cinderella marriages are getting to be as rare as golden coaches. Economist Jeremy Greenwood has found that your chances of marrying outside your income bracket have been dropping since the 1950s because of something called assortive mating, which means that we are increasingly drawn to people in similar circumstances. Inequality has grown and mobility has stalled.  Commentary