Brokers trade on their computer terminals at a stock brokerage firm in Mumbai May 13, 2014. REUTERS/Danish Siddiqui/Files

Sensex falls over 400 points; Nifty slumps 1.5 percent

The Nifty fell 1.5 percent on Friday, marking its biggest single-day fall in nearly 3-1/2 weeks as blue-chips such as Reliance Industries slumped tracking weaker global markets ahead of U.S. jobs data later in the session. The BSE Sensex lost 1.6 percent, or 414.13 points, to end at 25,480.84.  Full Article 

Infosys' new CEO Sikka says to improve business with new growth avenues 1:38pm IST

REUTERS - Infosys Ltd will improve its business by looking for new growth avenues and will return to historical performance levels in two years, top executives said on Friday.

Workers pour melted copper in a mould to make utensils and accessories inside a workshop in Srinagar March 27, 2014. REUTERS/Danish Ismail/Files

Factories post fastest growth for 17 months

India's factory activity expanded at its fastest pace in 17 months in July as firms responded to burgeoning new orders by increasing output even as input prices jumped sharply, a business survey showed on Friday. The HSBC Manufacturing PMI, compiled by Markit, rose to 53.0 in July from 51.5 in June, its highest since February 2013.  Full Article 

A Palestinian woman reacts upon seeing her destroyed house in Beit Hanoun town, which witnesses said was heavily hit by Israeli shelling and air strikes during Israeli offensive, in the northern Gaza Strip August 1, 2014. REUTERS/Suhaib Salem
Middle East Conflict

Truce crumbles as 40 killed in Gaza

A Gaza ceasefire was in jeopardy just hours after it began on Friday, with the Islamist group Hamas saying Israeli tank fire killed four people and Israel accusing militants of violating the truce.  Full Article | U.N. overwhelmed by Gaza crisis 

Gold biscuits are seen in this picture illustration taken inside a jewellery showroom in Mumbai June 4, 2013. REUTERS/Danish Siddiqui/Files

India uncovers new gold smuggling route

India is scrambling to crack down on a new gold smuggling tactic that it fears could accelerate a flood of illegal imports of the precious metal into the world's second-biggest buyer. India last year imposed a record 10 percent import duty and made it mandatory to export a fifth of all bullion imports, seeking to curb bullion demand that has blown out the trade deficit.   Full Article 

Ravindra Jadeja appeals unsuccessfully for a lbw dismissal during the third cricket test match against England at the Rose Bowl cricket ground in Southampton, England July 30, 2014. REUTERS/Philip Brown

Pressure on Jadeja following week to forget

As India licked their wounds following the humiliating defeat to England at Southampton, Ravindra Jadeja was probably hurting more than most after enduring a miserable week.  Full Article 

A Blackberry Q10 handset is pictured at the Fairfax Holdings annual general meeting for shareholders in Toronto, April 9, 2014.  REUTERS/Mark Blinch/Files

BlackBerry opens up BBM to Windows phone

BlackBerry Ltd said its popular messaging system BBM, or BlackBerry Messenger, would now be open to those using the Windows phone platform, a move that potentially makes the messaging service more appealing to its enterprise clients.  Full Article 

Latest Headlines

India-WTO Row

Richard Beales

Yahoo’s Mayer nears post-Alibaba reckoning

Yahoo is a big company with a much smaller one struggling to get out. A 22.5 percent stake in Alibaba accounts for well over half the U.S. internet group’s roughly $36 billion market capitalization, according to a new Breakingviews calculator. With the Chinese e-commerce giant likely to go public next month, Yahoo CEO Marissa Mayer will find out how investors value the businesses she actually runs.  Full Article 

Raffaello Pantucci

Afghanistan a building block for China-India ties

It is clear that there are issues with Sino-Indian collaboration on Afghanistan. First among these are differing perceptions on Pakistan and its role in Afghanistan’s current predicament. For China, Pakistani security forces are trying to deal with a monster within their country with links across the border. For Indian authorities, it is a Frankenstein’s monster of Pakistani construction.  Full Article 

Celine Gounder

To combat Ebola, first build back trust in healthcare workers

Efforts to fight stigmatized infectious diseases, like HIV and TB, have taught us that advocates from affected communities have an important role to play. Public health workers need to enlist the help of recovered patients and their families to speak about their experiences with medical treatment for the disease. Religious leaders and traditional healers should also be recruited.  Read 

Robert Cyran

Inversions start to spin out of control

Inversions are starting to spin out of control. A quest for tax savings has made digestible overseas targets attractive to U.S. buyers. Hospira’s potential $5 bln deal for a Danone unit highlights a fresh supply, for so-called “spinversions.” The odd combination also reflects the perverse incentives distorting corporate decisions. Healthcare companies lead the way trying to move domiciles.  Full Article 

FOLLOW US