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HDFC Bank net profit up 20 percent, lags estimates

MUMBAI - HDFC Bank Ltd, India's second-biggest private sector lender by assets, on Tuesday reported a 20 percent rise in quarterly net profit, lagging estimates, due to higher tax expenses and provisioning for loan losses.

Cairn India's operating profit may lag estimates - StarMine 11:24am IST

Reuters Market Eye - Cairn India Ltd's July-Sept operating profit may lag consensus, according to the Thomson Reuters StarMine's SmartEstimates.

A worker cut steel bars at a steel plant in Ganyu, Jiangsu province June 9, 2014. REUTERS/China Daily/Files

China's growth slowest since global crisis

China grew at its slowest pace since the global financial crisis in the September quarter and risks missing its official target for the first time in 15 years, adding to concerns the world's second-largest economy is becoming a drag on global growth.  Full Article 

Visitors walk past a poster of a Jaguar XK at Auto China 2012 in Beijing April 24, 2012. REUTERS/Jason Lee/Files

JLR sees 20 pct growth in China sales this year

British luxury carmaker Jaguar Land Rover Ltd, owned by Tata Motors Ltd, expects its China sales to grow 20 percent this year, Greater China head Bob Grace said on Tuesday. The target compares with a rise of around 40 percent last year which Grace partly attributed to a larger base of comparison.  Full Article 

(L-R) U.S. Secretary of State John Kerry, European Union Foreign Policy Chief Catherine Ashton, and Iran's Foreign Minister Mohammad Javad Zarif are photographed as they participate in a trilateral meeting in Vienna October 15, 2014.    REUTERS/Carolyn Kaster/Pool

Iran offers "compromises" in nuclear talks

Iran is pushing what it portrays as a new compromise proposal in nuclear talks, but Western negotiators say it offers no viable concessions, underscoring how far apart the two sides are as they enter crunch time before a Nov. 24 deadline.  Full Article 

The Apple logo is lit on the first day of sale for the iPhone 6 and iPhone 6 Plus, in Sydney September 19, 2014. REUTERS/David Gray/Files

China-backed hackers attack Apple iCloud: blog

Apple Inc's iCloud storage and backup service in China was attacked by hackers trying to steal user credentials, a Chinese web monitoring group said, adding that it believes the country's government is behind the campaign.  Article | iPhone sales beat Street; iPad volumes slide 

Microsoft Chief Executive Satya Nadella gestures as he speaks during a forum at Tsinghua University in Beijing September 25, 2014. REUTERS/China Daily/Files

CEO says no gender pay gap at Microsoft

Satya Nadella, who ignited protests earlier this month by suggesting women should not ask for pay raises, said that men and women are paid equally at Microsoft.  Article | Nadella's pay tops $80 million 

Designers Oscar De La Renta (L) and Donna Karan greet each other during the final day of the Clinton Global Initiative 2012 (CGI) in New York September 25, 2012. REUTERS/Lucas Jackson/Files

Fashion designer Oscar de la Renta dead at 82

Oscar de la Renta, one of the most sought-after fashion designers of the last half century, dressing American first ladies and Hollywood stars in his classic silhouettes, died on Monday.  Full Article 

Latest Headlines

News, Views and Expert Opinion with Ankush Arora
    John Lloyd

    Lessons of Ebola: Unequal in life, unequal in death

    Dr. Margaret Chan, who leads the WHO, sent her chief of staff to a WHO regional conference in Manila to spotlight something we rarely keep in our conscious mind and don’t, collectively, do much about: Inequalities can be a matter of ever-longer life, or a most miserable death: Inequalities can be a matter of ever-longer life, or a most miserable death.   Commentary 

    Being the ‘indispensable nation’ is killing American democracy

    Being the ‘indispensable nation’ is killing American democracy

    America — proudly dubbed the “indispensable nation” by its national-security managers — is now the entangled nation enmeshed in conflicts across the globe. The indispensable nation is permanently engaged across the globe. But endless war undermines the Constitution.   Commentary 

    Oil pumping machine.

    Cheap oil is no tonic for Asian economies

    Cheaper oil won’t be much of a tonic for Asian economies. While painful for exporters, sliding prices should benefit consumers of crude. For most in the region, though, less expensive oil is mainly a sign that growth is stalling. The big exceptions are India and Indonesia. For them, the price slide over the past 4 months translates into significant budgetary savings.  Full Article 

    D H Pai Panandiker

    Targeting inflation at 4 percent

    Finance Minister Arun Jaitley seems to have finally taken the responsibility of targeting inflation as it is a sensitive political issue and could not be left to the discretion of the Reserve Bank of India (RBI). With CPI as the anchor, the target will be 4 percent measured annually (+/-2 percent). Inflation targeting is a good game and not a difficult one. The real problem is in achieving the target.  Full Article 

    Fighting Ebola