NEW DELHI - Tata Motors Ltd, India's biggest automaker by revenue, reported a drop in quarterly net profit due to a spike in costs despite steady sales of its luxury Jaguar Land Rover unit and an increase in demand for its cars in its home market.
MUMBAI - Indian shares fell for a second consecutive session on Tuesday to their lowest close in 1-1/2 weeks as caution ahead of results of major companies such as Tata Motors Ltd and uncertainty about Greece's fiscal woes prompted investors to trim positions.
Prime Minister Narendra Modi told his thousands of supporters on Monday that his government was devoted to the poor, directly tackling criticism he has governed for the rich and failed farmers in his first year in office. Read | Full coverage: One year of Modi
Southeast Asian nations are prioritising spending on their navies and coastguards amid rising tensions in the South China Sea, but as their capabilities grow, so does the risk that any confrontation in the contested waterway will be harder to contain. Full Article
Asia is home to 41 percent of the estimated 53 million domestic workers worldwide, most of them women who enjoy few rights, work excessively long days and earn far below the minimum wage, rights groups say. Read | Filipina maid photographs "modern slavery" in HK
Nevada officials said on Monday they would conduct a homicide investigation into the death of B.B. King who died this month at age 89, after two of his daughters leveled accusations that the blues great was murdered. The women also claimed in a video posted online that members of King's family were prevented from visiting him by his two associates during his final days. Read | Pics - B.B. King: 1925 - 2015
Chief Economic Adviser
India's adequate food stocks would help contain inflation, even if summer monsoon rains turn out to be weak, Chief Economic Adviser Arvind Subramanian said on Tuesday. Full Article
India, Pakistan and China need to shed their historical legacies, and find ways of ending the paranoid tensions that underlie their global outlooks. Until this has been achieved, the CPEC, BCIM and any other regional economic framework will be undermined and no long-term stability will be found in the heart of South Asia. Full Article
There is no reason why India cannot be the innovation capital of the world, home to the next Google or Amazon. However, the government needs to ensure ideas are given the opportunity to grow into a business. Creating tax reforms, bringing in venture capital, and creating simple policies for new businesses is the way to spark this transformation. Full Article
A number of readily teachable surgical procedures can stem much of the rising tide of human suffering. We associate surgery with space-age operating rooms filled with fancy equipment. A handful of conditions require that. But many do not. Non-surgeons trained to do simple procedures can alleviate up to three-quarters of the surgical need in underserved regions. Read
Numbers can lie, and undoubtedly will when they accumulate years of approximations, estimates and exclusions. It is probably hopeless to suggest that many of the innumerable data series based on GDP should simply be discarded just because they are mostly false and misleading. They are too popular for that. However, GDP is certainly a measure that should be used with extreme caution. Full Article