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Tata Motors, Tech Mahindra earnings drag Sensex, Nifty

MUMBAI - The BSE Sensex and Nifty are headed for their third straight loss dragged by disappointing earnings numbers posted by bellwethers Tata Motors and Tech Mahindra .

Tata Motors shares drop after China troubles hit profit 1:17pm IST

MUMBAI - Tata Motors shares fell more than 5 percent on Wednesday after a surprise drop in its bottom line, hit by weak demand for luxury Jaguars and Range Rovers in China, where automakers are under pressure to cut prices.

Prime Minister Narendra Modi addresses his supporters during a rally in Mathura, May 25, 2015. REUTERS/Adnan Abidi

PM Modi urges farmers to boost output

Prime Minister Narendra Modi on Tuesday urged farmers to boost lentils and oilseeds output to cut expensive imports but skirted the issue of rural distress that has turned peasants against his one-year-old government.  Read | Full Coverage: One year of Modi 

An employee of Kyushu Electric Power Co walks in front of reactor buildings at the company's Sendai nuclear power plant in Satsumasendai, Kagoshima prefecture April 3, 2014. REUTERS/Mari Saito/Files
Asia

Nuclear power generation set to restart in Japan

Japan cleared the way on Wednesday for a resumption of nuclear power, four years after the world's worst atomic disaster in two-and-a-half decades led to the shutdown of all the country's reactors and fuelled public opposition to the industry.  Full Article 

Indian Prime Minister Narendra Modi (L) shakes hands with Chinese Premier Li Keqiang during a news conference at the Great Hall of the People in Beijing, China, May 15, 2015. REUTERS/Kenzaburo Fukuhara/Pool/Files
Business

China signs $80 bln of deals with India, others

China has wrapped up at least $80 billion of deals, including agreements signed with jet makers, solar cell manufacturers and film studios, during recent visits by its leaders to Russia and Latin America plus a visit by Indian Prime Minister Narendra Modi to China.  Full Article 

Iraq's Shi'ite paramilitaries and members of Iraqi security forces hold an Islamist State flag which they pulled down in Nibai, in Anbar province May 26, 2015. REUTERS/Stringer
Islamic State

Iraq Shi'ite militia take lead in anti-IS campaign

Iraq's Shi'ite paramilitaries said they had taken charge of the campaign to drive Islamic State from the western province of Anbar, giving the operation an openly sectarian codename that could infuriate its Sunni Muslim population.  Full Article 

A humanoid robot named Han developed by Hanson Robotics reacts as the controller commands it via a mobile phone to make a facial expression during the Global Sources spring electronics show in Hong Kong April 18, 2015. REUTERS/Tyrone Siu/Files
Opinion

The coming jobs massacre and more violence

The hard issues of the world economy are well known. Leaders have dealt the issues of productivity, unemployment, competition from east and west, the collapse of industries through the decades of the 20th, and now the 21st, centuries. Yet these are harder now. Intelligent systems, robotic manufacturing, driverless vehicles, online services, all carve deep into established trades, writes John Lloyd.  Read 

Journalists are reflected in a logo at the FIFA headquarters after a meeting of the executive committee in Zurich October 4, 2013.REUTERS/Arnd Wiegmann/Files

Six officials arrested in Zurich over FIFA graft

Six soccer officials were arrested in Zurich on Wednesday and detained pending extradition to the United States over suspected corruption at soccer's governing body FIFA, the Swiss Federal Office of Justice (FCOJ) said in a statement.  Full Article | Related Story 

Ecstasy pills, which contain MDMA as their main chemical, are pictured in this undated handout photo courtesy of the United States Drug Enforcement Administration (DEA). REUTERS/U.S. DEA/Handout via Reuters/Files

Scientists test Ecstasy as anxiety-reducer

California scientists are testing whether the illegal psychoactive drug commonly known as Ecstasy could help alleviate anxiety for terminally ill patients, the trial's principal funder said on Tuesday. At least a dozen subjects with life-threatening diseases like cancer will participate in the double-blind trial over the next year in Santa Cruz, spokesman for the Multidisciplinary Association for Psychedelic Studies said.  Read 

A dealer mans a black jack table at the new Broadway Macau casino, adjacent to Galaxy Macau resort in Macau, China May 26, 2015, one day before its opening.     REUTERS/Bobby Yip

Macau casinos gamble on resorts for survival

As revenue plummets at China's only legal gambling hub, global casino operators have a new mantra - what happens in Vegas, must also happen in Macau.  Full Article 

German Chancellor Angela Merkel is the most powerful woman in the world right now, according to the latest ranking from Forbes.

The most powerful women in the world

German Chancellor Angela Merkel tops the Forbes list of the most powerful women in the world. She is followed by Hillary Clinton, Melinda Gates and U.S. Fed Chair Janet Yellen.  Pictures 

Latest Headlines

News, Views and Expert Opinion with Ankush Arora
    Raffaello Pantucci

    Untangling the web of India, China and Pakistan diplomacy

    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 

    Sajan Pillai

    How India can support its start-ups

    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 

    Fizan Abdullah

    Surgery so simple a gardener can do it – but he probably shouldn’t

    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 

    Edward Hadas

    The uses and abuses of Gross Domestic Product

    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 

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