A woman walks past a poster of Reliance Industries installed outside the venue of the company's annual general meeting in Mumbai June 7, 2012. REUTERS/Vivek Prakash/Files

Reliance Industries posts flat Q4 profit, meets estimates

Energy conglomerate Reliance Industries Ltd posted a flat quarterly profit, in line with estimates, hurt by a slimmer margin in its oil refining business.  Full Article 

Glenmark pulls 2,900 bottles of ulcer drug in U.S. 12:25pm IST

MUMBAI - Glenmark Pharmaceuticals Ltd is recalling some 2,900 bottles of its stomach ulcer drug ranitidine in the United States after a foreign tablet was found in one of the bottles.

A wreath hangs in front of the house of Colombian Nobel Prize laureate Gabriel Garcia Marquez in Aracataca April 17, 2014.  REUTERS/ John Vizcaino
Nobel Laureate Dies

Nobel winner Garcia Marquez dies at 87

Gabriel Garcia Marquez, the Colombian author whose beguiling stories of love and longing brought Latin America to life for millions of readers and put magical realism on the literary map, died on Thursday. He was 87.  Full Article | Factbox: The life of Gabriel Garcia  

Movie Review: 2 States

Movie Review: 2 States

Abhishek Varman’s “2 States”, based on a Chetan Bhagat novel of the same name, is a good example of a movie subject that would appeal to a new, younger Indian audience. However, it ends up being a rather dull and outdated commentary on the misconceptions Indians have about each other, writes Shilpa Jamkhandiker.  Full Article 

A family member of missing passengers who were on the South Korean ferry "Sewol" hich sank in the sea off Jindo looks forward to see at a port where family members of missing passengers gathered in Jindo April 18, 2014. REUTERS/Issei Kato

School official in ferry disaster commits suicide

The vice principal of a South Korean high school who accompanied hundreds of his pupils on what turned out to be a disastrous ferry trip has committed suicide, police said on Friday, as hopes faded of finding any of the 268 missing passengers alive.  Full Article 

Rafael Nadal of Spain leaves the central court after being defeated by his compatriot  David Ferrer during their quarter-final match at the Monte Carlo Masters in Monaco April 18, 2014. REUTERS/Eric Gaillard

Nadal claycourt winning run ended by Ferrer

Rafael Nadal's 30-match claycourt winning streak ended on Friday when the world number one was stunned 7-6(1) 6-4 by fellow Spaniard David Ferrer who executed a perfect gameplan to reach the Monte Carlo Masters semi-finals.  Full Article | Related Story 

Former Goldman Sachs Group Inc board member Rajat Gupta departs Manhattan Federal Court after being sentenced in New York, October 24, 2012. REUTERS/Lucas Jackson/Files
Insider Trading

Rajat Gupta starts prison term on June 17

Former Goldman Sachs Group Inc director Rajat Gupta is expected to begin his two-year prison term on June 17 for insider trading. Gupta, 65, was convicted in June 2012 on securities fraud and conspiracy charges for having fed tips, from Goldman board meetings in the second half of 2008, to longtime friend Raj Rajaratnam, founder of the Galleon Group hedge fund firm.  Full Article 

Weibo Corporation Chairman Charles Chao rings the opening bell at the NASDAQ MarketSite in Times Square in celebration of Weibo's initial public offering (IPO) on The NASDAQ Stock Market in New York April 17, 2014. REUTERS/Andrew Kelly

Weibo's complicated dance with China censors

As Weibo celebrates its warm reception on international financial markets, its conflicts with censors at home raise the question of whether it may eventually be derailed by govt interference.  Full Article 

Latest Headlines

Shashank Chouhan

Promises and more promises: India’s parties pitch their visions

Campaign season in India means it’s also promise season, and political parties aren’t short on pledges. There has been plenty of coverage of the manifestos from the biggest national parties, Congress and the BJP, so here are some highlights from the others.  Full Article 

Deepak Yohannan

Third party premium for motor insurance increased

The premium for third party insurance is set by the insurance regulator. The problem is that companies know the portfolio will be bleed and hence, avoid taking risks as much as possible. There is also a lack of awareness, especially among owners of two-wheelers, who end up not insuring their vehicle every year.  Full Article 

Diageo throws money at Indian empire-building

Diageo throws money at Indian empire-building

Diageo is engaging in some expensive empire-building in India. An under-powered tender offer meant an earlier attempt to take control of Vijay Mallya’s United Spirits was only partially successful. Now the world’s biggest spirits maker has more than doubled the price it is willing to pay, offering $1.9 billion to raise its stake to 54.8 percent from 28.8 percent.  Commentary 

Paul Donovan

The Reform Club

In one sense, the fact that ambitious global reforms are likely to be more modest in reality is to be welcomed. The most successful reforms tend to be those reforms that are undertaken against a backdrop of economic growth elsewhere in the world. If three-quarters of the world were to try and reform all at once, there would be no external growth left to ease the pain of adjustment, writes Paul Donovan.   Full Article 

Neal Gabler

America: The anecdotal nation

Americans seem to have a greater fondness for anecdotes than citizens of any other nation. Newscasts have human-interest segments; no recent State of the Union address is complete without the president pointing up to the gallery and telling stories of his guests there. Though many anecdotes are harmless, they can be worrisome when it comes to public policy.  Commentary 

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