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Government will not appeal Vodafone tax ruling

MUMBAI - The government will not appeal a regional court ruling in favour of Vodafone Group Plc in a long-running tax dispute, the cabinet decided on Wednesday, in a move aimed at boosting investor confidence in Asia's third-largest economy.

Government set for $4 bln Coal India sale to help hit deficit target 6:35pm IST

MUMBAI - The government is set to sell a stake of up to 10 percent in state-owned miner Coal India on Friday as it seeks to reignite an asset sale programme critical to the pledge to hit fiscal deficit targets by the end of March.

Smoke rises from shells fired from Israel over al-Wazzani area in southern Lebanon January 28, 2015. REUTERS/Karamallah Daher

Hezbollah missile wounds four Israeli soldiers

A Hezbollah missile strike wounded four Israeli soldiers on Wednesday, the biggest attack on Israeli forces by the Lebanese guerrilla group since a 34-day war in 2006.  Full Article 

Workers prepare for the opening of an Apple store in Hangzhou, Zhejiang province, January 23, 2015. REUTERS/Chance Chan

Apple takes high road in smartphone standoff

Apple is steering clear of Chinese rival Xiaomi Inc's low-price online strategy, ramping up store openings in China to harness its premium edge and fend off the No.3 global smartphone maker.  Full Article 

Prime Minister Narendra Modi (C) gestures as Nirmala Sitharaman (R), Minister of state for Commerce and Industry, Kalraj Mishra, Minister of Micro, Small and Medium Enterprises and Anant Geete (L), Minister of Heavy Industries and Public Enterprises, look on during the launch of 'Make in India' campaign by Modi in New Delhi September 25, 2014. REUTERS/Adnan Abidi/Files
Column

How reforms can help “Make in India” campaign

The government’s “Make in India” initiative is being closely followed by Indian companies and foreign investors. A lot of hope rests on the BJP government’s first full-year budget following its victory in last year’s general election as the announcements made by Finance Minister Arun Jaitley will impact the investment cycle, writes Girish Vanvari, the Head of Tax at KPMG in India.  Full Article 

A man walks past screens displaying a television news programme showing an image of Kenji Goto, one of two Japanese citizens taken captive by Islamic State militants, on a street in Tokyo January 25, 2015. REUTERS/Yuya Shino
Asia

Mother of IS captive begs PM to save son

The mother of Islamic State captive Kenji Goto appealed for his life on Wednesday after a new video appeared to show the Japanese journalist saying he had 24 hours to live unless Jordan released a would-be suicide bomber.  Full Article | Related Story 

A young woman, dressed as a 'Barbie' doll, poses with a new 'Barbie' doll during the press preview of the 66th International Toy Fair in Nuremberg January 27, 2015. REUTERS/Michaela Rehle
Business

Can Superhero Barbie revive Mattel?

Barbie has become an all action superhero - at the age of 56. Mattel is hoping the new doll - launched at the Nuremberg Toy Fair - will revive its fortunes. Company earnings are down 60 percent, the CEO has just left and a fifth straight drop in sales is on the cards.  Video 

Actors Tony Revolori (L) and Suraj Sharma pose at the Sundance Film Festival in Park City, Utah January 24, 2015.  REUTERS/Jim Urquhart

Sharma, Revolori discuss 'Umrika' at Sundance

In the midst of the Sundance Film Festival in Park City, Utah, actors Suraj Sharma and Tony Revolori found themselves comparing notes on Hollywood's awards season, both having made their breakout in films that stormed into the Oscars race.  Full Article 

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Life

Andy Mukherjee

Obama’s nuclear gift to Modi is shrewd investment

By agreeing to a workaround that protects power station builders from civil liabilities in the event of a meltdown, Obama has effectively unblocked New Delhi’s reactor programme. The bigger bet is on ending India’s energy crisis. The agreement could bring new orders for equipment makers. But a more potent opportunity for U.S. businesses may be the jolt to Modi’s “Make in India” campaign.  Full Article 

Matthew Gault

What does an electronic open-air drug market have to do with bringing down dictators?

A case in which the FBI used questionable tactics to bring down a man it charges is an Internet mega-drug dealer has compromised the safety of many people around the globe fighting for freedom against oppressive regimes. The FBI broke into what many believed was a secure browser that allowed its users to remain anonymous.  Read 

Supporters of Syriza party cheer at exit poll results in Athens, Jan. 25, 2015. REUTERS/Marko Djurica/Files

Greece still unlikely to leave euro zone after Syriza win

Syriza’s election victory has pushed Greece closer to quitting the euro zone. But a so-called Grexit is still not the most probable outcome, as the radical left group should be able to cut a deal with its European creditors to avoid bankruptcy. If everyone was rational, there would be scope for a compromise. After all, a large majority of the Greeks want to stay in the euro.  Read