Modi eyes breakthrough nuclear pact on Japan trip

NEW DELHI - India is hoping to win Japanese backing for a nuclear energy pact during a visit by Prime Minister Narendra Modi, and lure investment into its $85 billion market while addressing Japan's concern about doing business with a nuclear-armed country.

Japan to import rare earth from India - Nikkei 7:43am IST

TOKYO - Japan and India will next week agree to jointly produce mixed rare earth, with Japan set to start importing from India in 2015 as it tries to wean itself of its reliance on China, the Nikkei business daily said on Thursday.

Modi plans bank account for every household
Jan Dhan Yojana

Modi plans bank account for every household

PM Narendra Modi will promise on Thursday to provide a bank account for every Indian household when he launches a major initiative that could save billions of dollars in welfare spending and help mend strained state finances. The launch of the Jan Dhan Yojana, or the Scheme for People's Wealth, comes after Modi blocked a global trade deal, saying it threatened the interests of poor farmers.  Full Article 

A Ukrainian Mi-24 helicopter gunship flies above a military base in the eastern Ukrainian town of Kramatorsk August 27, 2014. REUTERS/Gleb Garanich

Ukraine accuses Russia of new incursion

Ukraine accused Russia of launching a new military incursion across its eastern border on Wednesday, as hopes quickly faded that Tuesday's talks between their two presidents might mark a turning point in a five-month-old crisis.  Full Article | Video 

Policemen show two men (L and 2nd R), who are accused of gang raping and hanging two girls, to the media in Uttar Pradesh May 30, 2014. REUTERS/Stringer/Files
Rape And Murder Case

Suspects may walk free, for now: source

The CBI will not oppose applications for bail by five men arrested over the murder of two teenage girls hanged from a tree, a source familiar with the case said, paving the way for the suspects' release. The killings in May in Uttar Pradesh shocked the world and stoked political tension between newly-elected Prime Minister Narendra Modi and state officials over the investigation of the case.  Full Article 

Narendra Modi speaks with Rajnath Singh in New Delhi April 7, 2014. REUTERS/Anindito Mukherjee/Files

PM slams whispering campaign against Rajnath

PM Modi denied reports that the son of a top minister was involved in influence peddling, seeking to staunch the type of corruption allegations that sent the last government to election defeat. Modi's office issued the rebuttal shortly after Home Minister Rajnath Singh gave a statement to the media, saying he would quit public life if reports in recent days about his adult son proved to be true.  Article 

Yang Xiuzhu reads a newspaper during a meeting in Wenzhou, Zhejiang province, December 29, 2001. REUTERS/Stringer/Files

Corrupt Chinese hiding in West elude "fox hunt"

China doesn't have extradition treaties with the United States, Canada and Australia - the three most popular destinations for suspected economic criminals, according to state media. Adding to the allure of those three countries is suspicion there of Chinese law enforcement, along with the quality of life, world-class educational facilities and large ethnic Chinese communities.  Full Article 

India's Suresh Raina hits out during the second one-day international cricket match against England at the SWALEC stadium in Cardiff August 27, 2014.  REUTERS/Philip Brown

Raina lashes down as India thrash England

Suresh Raina helped India claim first blood in the one-day international series against England, hitting an impressive century in the tourists' rain-affected 133-run victory in Cardiff.  Full Article 

Latest Headlines

Andy Mukherjee

Supreme Court order adds urgency to India’s coal crunch

The two-decades-old practice of selectively allocating mines to metal, cement and power producers is illegal, the court ruled. The judges have not yet decided what punishment to hand out. But investors are prepared for the worst, and for good reason: two years ago, the court cancelled the underpriced sale of telecom spectrum, quashing all 122 licenses in one go.  Full Article 

McLaren Mercedes team members dump buckets of ice water onto Formula One driver Lewis Hamilton of Britain as he takes part in the "Ice Bucket Challenge" after the first practice session at the Belgian F1 Grand Prix in Spa-Francorchamps August 22, 2014. REUTERS/Stringer

Roche’s $8 billion bet outsmarts ice-bucket challenge

Dumping cold water on heads, the social-media phenomenon now boosting research on amyotrophic lateral sclerosis (ALS), is a great way to raise charitable cash. But the drug made by Roche’s target, InterMune, treats an obscure yet equally fatal disease with more sufferers.  Full Article 

Prime Minister Narendra Modi waves as he leaves after the commissioning ceremony of warship, INS Kolkata at a naval base in Mumbai August 16, 2014. REUTERS/Danish Siddiqui

Asia’s top-down corporate reforms vary in promise

Asia is in the throes of a top-down corporate reform drive. Newish leaders in China, India, South Korea and Japan are pushing to overhaul the way companies work. But investors eyeing better returns will find not all reforms are equal. India has failed over the years to revive its tired state-owned enterprises despite selling off minority stakes in companies.  Full Article 

D H Pai Panandiker

Why inflation is so persistent

Inflation has been high for nearly four years and has not responded to RBI or government policies. This is because the kind of inflation that we have is of an unusual variety and cannot be checked by conventional means. Two types of food are critically important. If production of vegetables and milk increases to catch up with demand, food inflation will drop by two percentage points.  Full Article