SBI sees bad loan pressure persisting as profit sinks

State Bank of India (SBI), the nation's top lender by assets, reported its biggest fall in quarterly profit in nearly five years as bad loan provisions jumped after a central bank drive to clean up bad debts in India's banking industry.

Einstein's gravitational waves detected in scientific milestone 1:06am IST

WASHINGTON/CAMBRIDGE, Mass. Scientists have for the first time detected gravitational waves, ripples in space and time hypothesized by Albert Einstein a century ago, in a landmark discovery announced on Thursday that opens a new window for studying the cosmos.

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A man rides his bicycle next to soldiers marching in front of India Gate on a smoggy morning in New Delhi, December 1, 2015. REUTERS/Anindito Mukherjee/Files
Pollution in Delhi

Odd-even to return to world's most polluted city

The Delhi government plans another round of tough measures to restrict the use of private cars and clean up toxic air in the Indian metropolis, the world's most polluted city.  Full Article 

The artificial island at the southern end of Mischief Reef showing a newly-built seawall on its north side and a completed dock are shown in this Center for Strategic and International Studies (CSIS) Asia Maritime Transparency Initiative January 8, 2016 satellite image released to Reuters on January 15, 2016. REUTERS/CSIS Asia Maritime Transparency Initiative/Digital Globe/Handout via Reuters
South China Sea

Warning from China as U.S., India mull patrols

China on Thursday responded to a Reuters report that the U.S. and India are discussing joint naval patrols in the disputed South China Sea, warning that interference from countries outside the region threatens peace and stability.  Full Article 

A man walks down the staircase of an Indian post office in New Delhi, India, October 9, 2015. REUTERS/Anindito Mukherjee/Files
Savings

Govt to link savings deposits to market rates

India will link the interest paid to millions of small savers in a $137-billion central deposit scheme to market rates that will be revised every quarter, Economic Affairs Secretary Shaktikanta Das said on Thursday. The move is likely to irk small savers and could be unpopular politically, particularly in rural areas where few banks have branches.  Full Article 

A driver waits in a taxi for his turn to fill up his tank with diesel at a fuel station in Kolkata June 14, 2012. REUTERS/Rupak De Chowdhuri/Files

India's fuel demand rises fastest in 3 months

India's annual fuel demand in January rose at its fastest pace in three months, thanks to higher gasoline consumption after the country's top court temporarily banned the sale of large diesel cars in Delhi.  Read 

Georgia's Minister of Defence Tinatin Khidasheli and NATO Secretary General Jens Stoltenberg address a NATO-Georgia Commission defense ministers meeting at the Alliance's headquarters in Brussels February 11, 2016. REUTERS/Yves Herman

U.S. tells allies: accelerate Islamic State fight

U.S. pressed allies to contribute more to a U.S.-led military campaign against Islamic State that it says must be accelerated, regardless of the fate of diplomatic efforts to end Syria's civil war.  Full Article 

The Google internet homepage is displayed on a product at a store in London, Britain January 23, 2016.  REUTERS/Neil Hall/Files

UK lawmakers tell Google to come clean on tax

UK lawmakers accused Google on Thursday of trying to fool Britons into believing it was a proponent of tax reform while remaining a prime beneficiary of loopholes in existing rules, and said if it was sincere the company would be more transparent over its tax affairs.  Full Article 

Actress Meryl Streep, President of the international jury for the 66th Berlinale International Film Festival, attends a news conference in Berlin February 11, 2016.   REUTERS/Stefanie Loos/files

"We're all Africans" says Meryl Streep

Meryl Streep said that she relished the opportunity to head up her first international film jury in Berlin because it is a festival of world cinema and because all of humanity originated in Africa.  Full Article | Related 

A scientist shows a picture of Aedes aegypti mosquitoes inside the International Atomic Energy Agency's (IAEA) insect pest control laboratory in Seibersdorf, Austria, February 10, 2016. REUTERS/Leonhard Foeger

Back to its roots: how Zika may threaten Africa

Nearly 70 years after its discovery in mainland Africa, the Zika virus is threatening to return to its roots - this time apparently in a changed form causing large-scale outbreaks.  Full Article 

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