Wipro Q4 profit ticks up 2 percent; beats forecasts

Wipro promotes Premji heir apparent to board

Wipro, India's third-biggest software services exporter, has appointed the son of billionaire founder Azim Premji to its board, in a long awaited promotion that moves the chairman's heir apparent closer to the top spot.  Full Article 

RBI's rupee management undermines hedging push 9:50am IST

MUMBAI - The Reserve Bank of India's intervention to temper the rupee's rise is inflating foreign exchange hedging costs, impeding its own efforts to bolster Corporate India's defences against potential currency turbulence.

REPRESENTATIVE IMAGE: India seizes 200 kg heroin shipment on Pakistani boat

India seizes 200 kg heroin from Pakistani boat

India seized 200 kg of heroin from Pakistani drug traffickers aboard a boat on the Arabian sea, a defence official said on Tuesday, in a $15 million haul that is one of the country's largest and comes as narcotic flows escalate from Afghanistan.  Full Article 

Egypt's ex-president gets 20 years in prison.

Egypt ex-president Mursi gets 20 years prison

Muslim Brotherhood leader Mohamed Mursi was sentenced to 20 years in jail on charges arising from killing of protesters, nearly three years after he became Egypt's first freely elected president.  Read 

A man hangs decorations on a pole next to a banner showing Pakistan's President Mamnoon Hussain (L), China's President Xi Jinping (C) and Pakistan's Prime Minister Nawaz Sharif, ahead of Xi's visit to Islamabad April 19, 2015. REUTERS/Faisal Mahmood
Pakistan

Xi hails Pakistan security help in west China

Chinese President Xi Jinping praised Pakistan on Tuesday for its contribution to security in China's restive far west where a Muslim minority chaffs against Beijing's rule, while Pakistan promised to step up cooperation in tackling terrorism.  Full Article 

A map of China is seen through a magnifying glass on a computer screen showing binary digits in Singapore in this January 2, 2014 photo illustration. Picture taken January 2, 2014. REUTERS/Edgar Su/Files

Huawei CEO questions Chinese cyber rules

China can only ensure its information security in the long run if it keeps its market open to the best technology products, be they foreign or domestic, Huawei's rotating chief executive Eric Xu told Reuters on Tuesday.  Full Article 

Image taken from the Instagram account of the film "Jurassic World".
Jurassic World

You thought a T-Rex was deadly?

"Jurassic Park" fans have had a glimpse of the long-awaited fourth instalment in the dinosaur disaster franchise, with the release of the film's trailer heralding a terrifying new predator. "Jurassic World" is released on June 12.  Full Article 

Latest Headlines

Souvenir plates bearing the images of China’s President Xi Jinping and China’s late Chairman Mao Zedong. REUTERS/Kim Kyung-Hoon

Why China’s President Xi Jinping isn’t Mao 2.0

For the past two years Western media characterized Xi Jinping as either an authoritarian or a neo-authoritarian. Recently, the New Yorker described him as “China’s most authoritarian leader since Mao.” A Newsweek contributor opined, “Xi is leading China away from democracy.” But they’re wrong, writes Andrew Hammond.  Commentary 

Next Deepwater Horizon-scale oil spill could be caused by cyber attack

Next Deepwater Horizon-scale oil spill could be caused by cyber attack

April 20th marks the fifth anniversary of the landmark Deepwater Horizon disaster that saw millions of gallons of crude oil leak into the Gulf of Mexico. Yet despite the cost to its reputation, BP had leased the Deepwater Horizon oil drilling rig, is emerging more strongly than some anticipated in the wake of the spill.  Read 

Cinema

Radhika Apte

A Minute With: Radhika Apte

Radhika Apte came under the spotlight after playing a protective wife in “Badlapur” and a city girl in “Hunterrr”. She speaks to Reuters about her films, Ekta Kapoor, and why she doesn’t mind vegetating without work once in a while.   Full Article 

Una Galani

Tax shockers ramp up India investor risk premium

India’s tax shockers are coming thick and fast. The government wants 400 billion rupees ($6.4 billion) in what it says are unpaid taxes from foreign funds. Top lawyers expect overseas private equity investors could be next. The latest surprise change to the country’s tax policy suggests investors will need to factor in higher risk premiums to protect themselves against future fickleness.  Full Article 

Richard Beales

Bloomberg outage highlights another bank weakness

Bloomberg’s global outage on Friday highlights yet another banking sector weakness. The financial data network’s downtime may have been a problem only for the richest fraction of the top 1 percent. But it prompted enough worry for the Bank of England to remind banks that it’s there as a lender of last resort, raising questions about traders’ heavy reliance on a few fallible systems.  Full Article 

Football - Aston Villa v West Bromwich Albion - FA Cup Quarter Final - Villa Park - 7/3/15 Aston Villa fans with Police on the pitch after the match Reuters Livepic

Villa charged after fans' pitch invasion

Aston Villa have been charged for failing to control their fans following a pitch invasion after the FA Cup quarter-final against West Bromwich Albion.  Full Article