PNB Q3 net profit plunges as bad loans surge

Punjab National Bank, India's fourth-biggest state-run lender by assets, reported on Tuesday its fiscal third-quarter profit fell 93 percent as provisions for bad loans jumped.

Asia trade insurers keep close eye on China, India metals firms 12:33pm IST

MELBOURNE As rock bottom commodities prices and overcapacity weaken balance sheets at beleaguered commodities firms, trade insurers fear further pressure from payment delays and defaults in China and India, particularly in metals.

Indian army's ambulance enters inside the Indian Air Force (IAF) base at Pathankot in Punjab, India, January 4, 2016. REUTERS/Mukesh Gupta/Files
Pathankot Attack

JeM not linked to Pathankot attack: Pakistan

A special investigation team set up in Pakistan to probe a deadly assault on Pathankot air base last month found no evidence implicating the leader of the group India blamed for the attack, Pakistani security officials said on Monday.  Full Article 

ATTENTION EDITORS - VISUAL COVERAGE OF SCENES OF INJURY OR DEATH. Nepalese Prime Minister Khadga Prashad Sharma Oli, also known as KP Oli, pays his respects to the late former Prime Minister Sushil Koirala in Kathmandu, Nepal, February 9, 2016.  REUTERS/Navesh Chitrakar
Asia

Koirala's death poses potential problems

Former PM Sushil Koirala, a moderate figure in Nepal's unsettled politics, died on Tuesday, presenting a potential hurdle in attempts to win greater rights for minorities in a new constitution.  Full Article 

An Islamic State flag hangs amid electric wires over a street in Ain al-Hilweh Palestinian refugee camp, near the port-city of Sidon, southern Lebanon January 19, 2016. REUTERS/Ali Hashisho

Top U.S. official predicts increased IS attacks

Islamic State is likely to step up "the pace and lethality" of its attacks in the months ahead as it seeks to fan the flames of international conflict, the director of the U.S. Defense Intelligence Agency said.  Full Article 

U.S. President Barack Obama listens to remarks during his meeting with Italian President Sergio Mattarella in the Oval Office of the White House in Washington February 8, 2016. REUTERS/Kevin Lamarque
Zika Outbreak

Obama seeks funds to fight Zika

President Barack Obama will ask the U.S. Congress for more than $1.8 billion in emergency funds to fight Zika at home and abroad and pursue a vaccine, the White House said.  Full Article 

Football Soccer - Malaga v Barcelona - Spanish Liga BBVA - La Rosaleda stadium, Malaga, Spain - 23/1/16 Barcelona's Lionel Messi reacts during match REUTERS/Jon Nazca

Messi undergoes tests for kidney problems

Barcelona striker Lionel Messi is expected to play in Wednesday's King's Cup semi-final against Valencia despite missing training on Monday to have tests on his kidneys, the La Liga club said.  Story 

Swimmers walk into the surf next to a sign declaring a shark sighting on Sydney's Manly Beach, Australia, November 24, 2015. REUTERS/David Gray/Files
Man vs Wild

Record number of shark attacks in 2015

Sharks attacked people 98 times in 2015, a spike in unprovoked attacks that set a new record as human and shark populations rise, researchers have found in an annual global tally. While last year saw twice as many fatal attacks as 2014, the number of deadly encounters was roughly on par with the past decade's average, said George Burgess, director of the International Shark Attack File.  Full Article 

A deer tick, or blacklegged tick, Ixodes scapularis, is seen on a blade of grass, in this undated picture from the Centers for Disease Control and Prevention. REUTERS/Centers for Disease Control and Prevention/Handout via Reuters
Science

New bacteria causing Lyme disease found

Researchers have discovered a new bacteria that causes Lyme disease in humans, a U.S. health agency said on Monday. Previously, only one bacteria, Borrelia burgdorferi, was believed to cause human Lyme disease, which is transmitted through bites from by the blacklegged "deer" tick, the CDC statement said.  Full Article 

Latest Headlines

Views and Expert Opinion with Anupriya Kumar

    FOLLOW US